MicroStrategy(MSTR.O) purchased 55,500 bitcoins between November 18 and 24, 2024, with a total value of approximately $5.4 billion, at an average price of $97,862 per bitcoin. This purchase was funded through proceeds from convertible bond issuance and stock sales.
As of November 24, MicroStrategy holds a total of 386,700 bitcoins, with a total purchase cost of approximately $21.9 billion, at an average cost of $56,761 per bitcoin. The company stated that the quarterly return on its bitcoin holdings reached 35.2%, while the annual return reached 59.3%.
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According to @ai_9684xtpa monitoring, the smart money in a certain band has a win rate of 83.3%, spending 35.4 million US dollars to build a position of 362.62 WBTC over the past 9 hours, with an average price of 87,644 US dollars. This is also the first WBTC band operation since this address was used.
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Rupert Thompson of the wealth management group Kingswood believes that Bitcoin is still not a suitable investment for mainstream portfolios, as its speculative nature makes it susceptible to significant price fluctuations. He stated that Bitcoin exhibits 'extreme volatility, and this price volatility is driven purely by speculation rather than any concept of inherent value.' Since Trump's victory in the U.S. election, Bitcoin has been the biggest winner, but it is important to remember that after significant rises in 2021 and 2022, it has experienced substantial declines over the course of a month or two. However, Thompson noted that Bitcoin is 'no longer the niche investment it once was.'
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November 25 news, DEXX founder Roy posted on X platform to respond to recent issues of the platform being hacked, and expressed gratitude for the users' concern and support. He elaborated on the team's current efforts and future plans. 1. Recover Funds: The team is working with law enforcement agencies and multiple security companies to fully identify the hackers and is determined to recover the stolen assets. 2. Maintain Operations: Despite facing financial and operational pressures, the DEXX team has not laid off any members and achieved a trading volume of approximately $2 million in the past week, bringing in nearly $20,000 in profit. 3. Enhance Security: Currently collaborating with security experts to comprehensively upgrade the platform's asset security plan to ensure the future safety of users' assets. 4. Compensation Plan: The team is verifying the source of each transferred fund to distinguish between user-initiated withdrawals and funds transferred by hackers, ensuring the fairness and accuracy of the compensation plan. Currently, independent third-party security companies like Slow Fog are assisting with the statistical verification work. Roy stated that the team will soon release a compensation plan announcement through official channels and is committed to being fully accountable to affected users. At the same time, he emphasized that if the hackers proactively contact within 48 hours, the team will communicate with a resolution attitude; otherwise, they will pursue legal actions. Roy called on institutional funds and partners to help DEXX get through this difficult time, promising to rebuild user trust with sincerity and responsibility. Earlier today, Slow Fog founder Yu Xian posted: "Just directly submitting the stolen form information to us has exceeded 1,000 victims."
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According to Trader T's monitoring, MicroStrategy has invested $12 billion to increase its BTC holdings since November, which accounts for 29% of Michael Saylor's '21/21 Plan' total funding. As of now, MicroStrategy's Bitcoin holdings have reached 386,700 coins, making it the second-largest entity by holdings, with the largest being BlackRock's IBIT, which currently holds 492,623 BTC.
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Crypto punk legend and co-founder of Bitcoin infrastructure development company Blockstream Adam Back stated that MicroStrategy is continuously increasing its BTC holdings, and the world is rapidly re-pricing Bitcoin; hyperbitcoinization is nigh. Some people have doubts about MicroStrategy's approach. However, when certain important things are mispriced, arbitrage will occur. MicroStrategy's strategy accelerates arbitrage against mispricing, so yes, it can scale, this is not a problem, but rather an arbitrage on the fact that the entire fiat currency world is mispriced.
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On November 25th at 21:35 Beijing time, an address starting with 0xe6782 transferred 3,000 ETH to the Binance exchange, with a total value of approximately 10.4735 million USD.
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The Bitcoin public chain Side announced that it will launch the public offering plan 'The Last One' on November 26, 2024. This event will start at 2 PM on November 26 and last for 7 days. The plan introduces a countdown reward mechanism based on the traditional LBP (Liquidity Bootstrapping Pool). The total reward pool for the event is 3,000,000 SIDE tokens, with a maximum of 3 winners. The SIDE token is issued on the Solana chain, and users can convert it to the native token after the mainnet goes live in January. The LBP will start at 8 AM on the 26th at Fjord Foundry.
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According to Spot On Chain monitoring, the TAI token has risen by 35% today. On-chain data shows that Wintermute remains active in the TAI market making, currently holding 17.8 million TAI. Analysts believe that the trend of artificial intelligence will become a key narrative in this bull market and may drive significant growth in low market cap artificial intelligence tokens.
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Bitcoin rebounded above $98,000 during the day and has basically remained stable, with overall prices maintaining a narrow range above the MA5/10/30 day moving averages. It has not yet lost the support of the 4-hour MA30 day moving average. It is expected that there will not be significant fluctuations before the U.S. stock market opens. We will pay close attention to the market trend changes after the evening U.S. stock market opens. It is still recommended to take a long position and patiently wait for a pullback opportunity. The overall approach remains as discussed in the midday article analysis, first looking at the 4-hour MA30 day moving average and the daily MA5 day moving average for gains and losses. If it loses support, we will look for a retest of the daily MA10 day moving average at the 95,000 level. In U.S. market trading, we will wait for a pullback opportunity to go long.

Ethereum welcomed a catch-up opportunity today, directly testing and breaking through the 3,500 high point. Currently, the 4-hour chart is showing consecutive positive candles, firmly standing above the 5/10 day moving averages. The 4-hour MACD has formed a golden cross upward. If it can continue to hold above the 1/4 hour MA5/10 day moving averages tonight, we can expect further catch-up trends.

Evening thoughts:

BTC: Long position at 9.76 with light leverage, add to long at 9.7 on pullback, target above 9.85
ETH: Long position at 3480 with light leverage, add to long at 3430 on pullback, target above 3600
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On the daily level, Bitcoin's highest closing line is around 99000. Over the weekend, it has been in a sideways consolidation, with tests both up and down. Resistance levels are between 99000-98000, and short-term support is around 97000-96000. Ethereum, on the other hand, surged to a closing line of 3400, with support still tested above 3300. Therefore, current support is referenced around 3200-3280, with resistance levels at 3350-3400. A breakthrough would lead to a continued look towards 3500!

On the 4-hour level, Bitcoin is currently facing resistance again near the 100,000 mark. It is in a phase of sideways consolidation and pullback. The short-term resistance levels are around 98000-98500-99000, with support at 96000-96500. Next, we need to pay attention to the strength of the pullback after the surge, with nodes being 96000-92500-90000. Ethereum encountered resistance and fell back after reaching 3450-3500. As mentioned earlier, the pressure here is still very strong. Based on the concept of top-bottom conversion, as long as the previous range peak of 3150-3200 is not broken, the bullish trend remains unchanged. The current pullback has also formed support at 3280-3300, with short-term resistance at 3400-3450!

Operational approach: The high short and low long strategy laid out in the previous days has been very successful, especially the prediction for the entry position of long positions was very accurate, around Bitcoin 96500 and Ethereum 3250. It is expected that there will still be a few days of consolidation, and the operation should focus on low longs, with high shorts as a supplement!
Bitcoin 96000-96500 to go long, target 97500-99000, stop loss below 95500;
Ethereum 3250-3280 to go long, target 3350-3450, stop loss below 3200;
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According to GMGN data, a certain smart money early invested 1 SOL to buy the meme coin Mustard, with an average purchase cost of 0.0(5)92523 USD, currently yielding a profit of 4424 times, approximately 882,000 USD.
Additionally, this address has sold portions of the tokens for profit during the price increase, having sold a total of 82,000 USD, and still holds tokens worth 843,000 USD.
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The slow fog cosine stated on platform X that, under the premise of phishing without taking private keys, a mechanism that changes the owner with a signature exists in mainstream chains besides Solana and Tron. Once altered, your private key becomes useless, unless the phisher is willing to return the owner to you (dream on), otherwise do not believe any claims of recovery, those making such claims can be considered scams.
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November 24 news, according to @ai_9684xtpa monitoring, today Musk's tweet "shouted up" a small market cap Meme coin WOULD, smart money Bkkrw...Xhwyp bought 5 SOL (1294 USD) at the first moment Musk tweeted, and has now accumulated a profit of 220,000 USD, with a return rate of 16845%.
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In an interview on stage at the Cantor Crypto conference, retired NBA star Scottie Pippen revealed that he personally met Satoshi Nakamoto in 1993. Pippen posted on X platform in September that he had encountered Nakamoto again in a 'dream.' Pippen disclosed that Nakamoto stated Bitcoin would reach '$84,650' on November 5, 2024. Pippen mentioned during the show 'Making Money,' 'Nakamoto did not explain anything to me at that time (1993). If it had been explained then, I would definitely be ahead by a lot now. Like most people, I also started late. I only began to truly understand Bitcoin last year when it was priced around $33,000. So I started seriously studying the entire cryptocurrency world, trying to learn a bit more about it.'

According to official news, ai16z DAO said, "DAO partners have decided:
In order to focus 100% of our energy on ai16z and degenai tokens, we will suspend any distracting work and focus on launching our AI trader.
ai16z and AI Combinator will be completely separated. We wish Ryze Labs success in accelerating AI agents. Our technology is open source and free for anyone to use, and it will always be the case in the future, return to construction.
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News on November 24: Market shows that BNB has broken through 685 USDT, currently reported at 681.2 USDT, with a 24-hour increase of 2.1%.
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According to mempool data, miners have mined an empty block at Bitcoin height 871732 (i.e., the block only contains one transaction for the block reward Coinbase), with only a 6-second interval from the previous block height.
Miners package empty blocks for economic reasons, and doing so is the wisest choice for them. In order to fully utilize this time for mining and avoid conflicts with transactions packed in the parent block, miners cannot fill the block with transactions, meaning they can only attempt to mine empty blocks.
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Starknet posted on the X platform that the integration phase of the first phase of STRK staking has now begun, and Starknet is deploying the system on the Starknet mainnet, which is expected to be completed in a few hours. Starting tomorrow, validators can start integrating with the staking contract. For users, you need to be more patient; the delegated UI and dApp will be ready on Tuesday, November 26.
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