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One crypto analyst suggests that Bitcoin long positions may "become viable" once the long-term seller supply increases again.
Bitcoin dropped by 9.7% and ether declined by 14.7% as Trump initiated a trade war with tariffs on Canadian and Mexican imports coming into effect on Tuesday. An analyst stated that Trump's stringent tariff measures have "further fueled risk-off sentiment."
President Trump's announcement regarding a U.S. Crypto Strategic Reserve sent prices soaring across the crypto industry, boosting the total industry market cap by nearly 20% since its recent lows on Friday. Cardano, XRP, Trump's memecoin, and Solana were the best performing coins over the past 24 hours; BNB rose the least out of the top 10 cryptocurrencies by market cap.
US spot bitcoin ETFs experienced a total daily net outflow of $1 billion, excluding flow data from Ark Invest’s ARKB. During their six-day streak of negative flows, these ETFs saw over $2 billion withdrawn from the products. Analysts suggested that the rebalancing of institutional investors’ positions in the ETFs might have contributed to the record-high outflows.
The sentiment in the crypto market plummeted to "Extreme Fear" following US President Donald Trump's announcement that 25% tariffs against Canada and Mexico are proceeding as planned.
Bitcoin traders are concerned about a return to the lower end of the BTC price range as market inertia allows bears to maintain control approaching the monthly close.
Bitcoin is finally exhibiting behaviour similar to stocks and gold, approaching near all-time highs as BTC price action resumes.
Bitcoin is mirroring gold's price growth path, increasing the likelihood of achieving price targets exceeding $300,000.
World Liberty Financial utilised its USDC reserves to acquire $1.4 million in MOVE and $5 million in wrapped BTC. Additionally, it staked 2,221 ETH with Lido Finance and deposited 5 million USDC into Aave’s lending protocol.
- 05:16SitusAMC hit by cyberattack, client data from multiple Wall Street banks may have been leakedAccording to Jinse Finance, The New York Times reported that SitusAMC, a provider of real estate loan servicing technology, suffered a cyberattack on November 12. Several major banks, including JPMorgan, Citigroup, and Morgan Stanley, have received notifications from SitusAMC stating that their client data may have been compromised. According to Reuters, the content of this report could not be immediately verified.
- 05:05Bloomberg: Bitcoin Decline Signals Weak Year-End Performance for Risk Assets, but Growth Momentum Possible in 2026ChainCatcher reported that the latest Bloomberg Intelligence report indicates that the recent decline in bitcoin, which broke through key support levels, seems to signal weak performance for risk assets towards the end of the year. Currently, this indicator is inversely correlated with S&P 500 volatility. However, there may be momentum growth in 2026, as the current market downturn may have bottomed out. With Wall Street's position adjustments coming to an end, there will be significant room for further upside.
- 04:25A whale is repeatedly borrowing to go long on WBTC, with an average price of $85,376.5According to ChainCatcher, on-chain analyst Ai Aunt (@ai 9684xtpa) monitored that a whale investor (wallet address 0xaFA...f7731) withdrew 150 WBTC from an exchange today, then staked them on the Aave platform and borrowed 6 million USDC, suspected to have bought another 150 WBTC. Currently, this investor has accumulated a long position in WBTC worth 25.75 million US dollars, with an average long entry price of 85,376.5 US dollars.