Bitcoin Drops to $95,000! 📉

In the past hour, $70M in long positions were liquidated.

On Binance, an unknown trader's long position was wiped out for a massive $13,200,000. 🚨

📉 Bitcoin Drops to $92K, Erasing Weekly Gains

📊 Market data shows a demand-supply imbalance as buyer interest in Bitcoin cools, reports FalconX. Liquidity analysis reveals a tightening near $100K levels, similar to patterns seen only three times since 2022. 🧐

💡 Key Insights:

▪️Liquidity imbalance suggests a tough battle ahead to surpass $100K, though it doesn't threaten the medium-term rally.

▪️Bitcoin dominance fell from 60.1% (Nov 21) to 57.4% (Nov 26), indicating a shift of funds into altcoins.

🏦 Macroeconomic factors, like potential slowing rate cuts signaled by Fed Chair Jerome Powell, are also weighing on BTC.

Long-term outlook? Experts remain optimistic despite the current correction. 🚀

Ethereum has surpassed Tron for the first time in two years, becoming the largest blockchain for USDT issuance! 📈

Currently, USDT's market capitalization stands at $133 billion, marking an all-time high. 🚀

📉 BTC Drops Below $93K, But Bulls Stay Hopeful!

Over the past 24 hours:

▪️$468M in longs liquidated
▪️Spot Bitcoin ETFs saw $438M in outflows

🐃 Yet, bulls found optimism, comparing charts to the 2020 cycle:

Back then, a November correction at the previous ATH was followed by a massive rally. 🤔

Now, at the psychological $100K level, history might just repeat itself. 🚀

😱 Panic Sell Alert: Bitcoin Dips Below $92K!

Short-term holders are in full panic mode, dumping 54,600 BTC on exchanges in just 24 hours—at a loss! 💸

"Buy high, sell low" isn't exactly the winning strategy, but hey, who needs profits when you can have drama? 🤷‍♂️📉

📉 Bitcoin Long-Term Holders May Sell Another 163K BTC!

According to CoinDesk, long-term Bitcoin holders could offload 163,031 BTC ($15B) soon. 👀

From September to November 2024, they’ve already sold 549,119 BTC ($50B+), cashing in on profits. The biggest sell-off day? November 21, with a record-breaking $10.5B in sales 💵 (Glassnode).

Profit-taking season is in full swing! 💰📊

But corrections are normal in bull runs—stay calm and HODL on! 💎🙌

💥 US Court Rules Sanctions Against Tornado Cash Are Unlawful

⚖️ A US court has declared that Tornado Cash smart contracts cannot be considered "property" subject to sanctions since they are immutable and open-source. As a result, they will be removed from the sanctions list, allowing US citizens to use them again.

🌐 A win for decentralization and the right to use open technologies!

🇩🇪 German MP Calls for Bitcoin as a Strategic Reserve

Joana Cotar, a member of the German Parliament, is pushing for Bitcoin to be adopted as a strategic reserve asset for Germany.

While it’s a forward-thinking move, maybe they should have considered this before selling off confiscated Bitcoin! 🤔💸

💃 OnlyFans Model Turned Crypto Investor

Popular model Amouranth shared her crypto portfolio, asking whether to hold or sell BTC.

💵 Her wallet allegedly holds $20M in BTC and around $80K in ETH.

Whether it’s true or just for clout, who knows? But if it’s real, we’re clearly in the wrong business 😂

According to the MVRV Z-Score indicator, BTC is still far from its peak. 🧐

Some lucky buyers snagged Bitcoin above $93K, and if it recovers and holds above $95K, we might finally declare the correction over. 📈

Black Friday hasn’t even started, but it seems the discounts on BTC are already gone! 🤔

Justin Sun Joins Trump's Crypto Project as Advisor

Tron founder Justin Sun has been invited as an advisor to World Liberty Financial (WLFI), a blockchain project supported by Donald Trump and his three sons. 👀

"We’re honored to welcome Justin Sun as an advisor to World Liberty Financial (WLFI)! His insights and experience will be instrumental as we continue to innovate and grow."

- the project stated.

💰 Just a day earlier, Sun announced he had purchased $30M worth of WLFI tokens. He also credited the new U.S. president for positioning the country as a blockchain hub.

Alongside his crypto ventures, Sun recently purchased Maurizio Cattelan's iconic artwork Comedian (a banana duct-taped to a wall) at a Sotheby's auction. 🍌💎

🤔 Michael Saylor: The Do Kwon of This Cycle?

MicroStrategy’s Bitcoin buying spree has sparked comparisons to Do Kwon’s infamous 2022 run with Terra/LUNA. Saylor’s vision of acquiring a massive BTC stash has some wondering: could this end in another “death spiral”? 🌀☠️

For context, Kwon aimed to buy 1 million BTC to back his UST stablecoin, but it all collapsed, leaving investors with a 99.9% loss. Saylor’s goal? To make MicroStrategy a “Bitcoin investment bank,” backed by his ever-growing BTC holdings. 👀

📈 So far, Saylor’s strategy has boosted MicroStrategy’s stock 459% YTD. But with $35B in BTC on the books, critics worry about the risks of turning Bitcoin into a perpetual motion machine.

Is Saylor building the future of Bitcoin finance or setting up for a Kwon-like crash? Time (and the market) will tell. 🤔

The governments of the US, China, and the UK collectively hold 463,109 BTC worth $43.2 billion!

This amounts to 2.34% of the current supply of the first cryptocurrency. 🧐

And let’s not forget Bhutan and El Salvador, with their solid Bitcoin reserves too... 🌍💰

🍌 Justin Sun is ready to buy a Xiaomi phone taped with duct tape from Xiaomi and is already asking for the price 😁