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This week’s crypto news includes Nvidia earnings, $10 million HUMA token unlock, HeyAnon protocol upgrade, and THORChain’s major update. These events could impact token prices.
AAVE price dipped from $385 to $339 on WLFI rumors but quickly rebounded. Shrinking exchange reserves, fresh whale accumulation, and strong cost-basis clusters show resilience, keeping $430 as the next bullish target.
Saros (SAROS) saw a 70% price drop on August 24, briefly erasing months of gains. Despite a recovery, market sentiment remains bearish, raising concerns about stability.
$1 billion BTC accumulated in 24 hours as profits hit 2-month low; Bitcoin at $112,425 clings to $112,500 support amid investor accumulation.
Bitcoin (BTC) price remains under pressure, consolidating above $111,980 support after dropping more than 3%. BTC pullback continued as weakening demand and profit-taking keep weighing in, as spot Exchange Traded Funds (ETFs) saw over $1.15 billion in outflows. Bitcoin Spot ETFs Record the Highest Weekly Outflow in Five Months Bitcoin price continued its correction over … <a href="https://beincrypto.com/bitcoin-etf-outflow-fuel-correction/">Continued</a>
- 03:13RootData: SIGN will unlock tokens worth approximately $3.77 million in one weekAccording to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Sign (SIGN) will unlock approximately 96.67 million tokens, worth about $3.77 million, at 18:00 (GMT+8) on November 28.
- 03:05Bitmine continues to accumulate ETH, with unrealized losses exceeding $4 billionJinse Finance reported, according to Ember monitoring, that ETH treasury company Bitmine continues to accumulate and lower its average cost: 8 hours ago, it received 17,242 ETH (worth $48.96 million) from BitGo and FalconX. This week, Bitmine has increased its holdings by 63,114 ETH (worth $188 million) through an exchange, BitGo, and FalconX. Currently, the company holds 3.56 million ETH at an average price of $4,009, now with an unrealized loss of $4.16 billion, while its total stock market value is only $7.4 billion.
- 03:05Goldman Sachs warns: "Extreme hedging" panic lurking behind US stock market plungeJinse Finance reported that John Flood, a partner at Goldman Sachs, pointed out that the dramatic reversal in the US stock market on Thursday highlighted that Nvidia's explosive performance did not provide traders with the anticipated "risk-off" signal. Instead, it prompted them to urgently build defenses to avoid further losses. The early gains in the US stock market on Thursday quickly evaporated. The S&P 500 index surged 1.9% in the first hour after the opening, but turned negative before 1 p.m. local time—marking the largest intraday swing since the market turmoil in April, with more than $2 trillion in market value wiped out from the day's peak, and for the first time in months, closing below the 100-day moving average. The VIX fear index jumped above 26. "The market is currently full of old scars," Flood wrote in a report to clients. "The market is extremely focused on hedging 'crowded risk,' and investors have entered a pure profit and loss protection mode." (Golden Ten Data)