Bitget Daily Morning Report: $478 million in long positions liquidated across the network in the past 24 hours; spot Chainlink ETF expected to launch this week;
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Bitget Daily Morning Report: $478 million in long positions liquidated across the network in the past 24 hours; spot Chainlink ETF expected to launch this week;
55.54 million SUI unlocked today.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. Bank of Japan Governor Kazuo Ueda signals potential rate hikes, stating inflation trends are approaching target levels.
2. Spot silver breaks above $57 per ounce for the first time in history, rising 1.34% during the day.
3. Hassett: I would be very happy to serve if nominated by Trump as Fed Chair.
Macro & Highlights
1. U.S. President Trump: I know who I will choose as Fed Chair, and I will announce it soon.
2. Wall Street Insights: Analysts from Goldman Sachs' FICC division believe a rate cut by the Fed at the upcoming December meeting is now almost certain.
3. Economic analyst Timothy Peterson: Current Bitcoin price movements bear a striking resemblance to the 2022 bear market. On both daily and monthly charts, this year shows an 80% correlation with 2022 on a daily basis and as high as 98% on a monthly basis. If history repeats, a genuine recovery in Bitcoin’s price may not occur until next year’s first quarter.
Market Trends
1. Over the past 24 hours, total liquidations across the crypto market reached $546 million, with long positions accounting for $478 million. BTC liquidations amounted to $156 million, ETH to $141 million, SOL to $31 million, and ZEC to $15 million.
2. U.S. stocks: Dow rose 0.61%, S&P 500 gained 0.54%, Nasdaq Composite increased 0.65%.
3. Bitget BTC/USDT liquidation map shows: BTC’s current price of $87,337 is near the lower edge of a densely concentrated area of high-leverage long positions. Further decline risks triggering clustered long liquidations within the $87,100–88,000 range. Above, the $88,400–92,500 zone holds substantial high-leverage short positions; a breakout could spark consecutive short squeezes and drive prices higher.
4. In the past 24 hours, BTC spot inflows totaled $663 million, outflows $839 million, resulting in a net outflow of $176 million.
News Updates
1. Tether CEO: S&P may intend to target Tether; currently, its U.S. Treasury holdings generate approximately $500 million in monthly returns.
2. Strategy CEO: Will only sell Bitcoin when mNAV falls below 1 and no new capital is coming in.
3. Vitalik Buterin: Hope Zcash can resist the dark forces of token voting, which is terrible in every aspect—worse even than Zcash’s current state. Privacy is exactly the kind of feature that would gradually erode over time if left under the control of ordinary token holders.
Project Updates
1. Grayscale submits amended S-1 filing for LINK trust; a spot Chainlink ETF is expected to launch this week.
2. Telegram founder Pavel Durov: Cocoon, a decentralized confidential computing network based on TON and the Telegram ecosystem, has officially launched. Initial AI requests from users have already been processed via Cocoon with 100% privacy protection.
3. Rayls conducted its TGE today.
4. Yesterday, Michael Saylor released another Bitcoin tracker update; additional data on new purchases may be disclosed next week.
5. OracleX, a prediction market protocol rebuilt on proof-of-contribution, begins global public testing on December 1.
6. Sui (SUI) unlocked approximately 55.54 million tokens today, representing 0.56% of total supply, valued at around $85 million.
7. Santos FC Fan Token (SANTOS) unlocked about 5.7 million tokens today, 19% of total supply, worth approximately $12.7 million.
8. Walrus (WAL) unlocked roughly 32.7 million tokens today, 0.65% of total supply, valued at about $5.5 million.
9. Yearn yETH遭 attacked, with around $3 million worth of ETH flowing into Tornado Cash.
10. Data: Approximately 1.5 million ETH are expected to exit staking by the end of December.
Disclaimer: This report is generated by AI, with human verification for information only. No investment advice is provided.
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