AVAX can't rise, not because it's weak, but because its 'winner logic' has changed.
Performance of AVAX in the past 24 hours:
Daily opening: 31.41 USD
Current: 29.68 USD
High: 31.50
Low: 29.03
Drop: about -5.5%
From the market perspective, BTC and ETH are fluctuating in the range of 1–3%. However, the drop of AVAX, a mainstream large-cap coin, is the most noticeable among the second tier.
What does this indicate?
The issue with AVAX is not a weak market, but rather that the force belonging to it is exiting.
In today's article, I will thoroughly explain the 'hidden truth' of AVAX.
1. The real negative for AVAX is not the price, but rather — its winners are changing.
AVAX in 2021 was recognized by the market as the 'institutional chain':
《ARKM: Losing 1 million in a year is not about the project, but about human nature—The intelligence track will always make money, but those who hold coins will always suffer》
First, let's put the on-chain data on the table:
Whales dumped their entire one-year position into Binance yesterday, of which ARKM accounted for 623,000 pieces, losing 1 million U.
What does it mean?
This is not short-term speculation
took a year
stuck all the way from the high position
Finally, give in and exit in the current range (about 0.22–0.24 USD)
This is the most brutal ARKM class:
ARKM's business model is very strong, but the holding experience of ARKM is very poor.
Today's article is to completely lay out the contradiction between the two.
1. Why is ARKM one of the few truly 'money-making cryptocurrency companies'?
because it does not tell a story, it truly generates cash flow:
"As the AI track becomes more intense, FET becomes more stable: while others speculate on stories, it earns money from 'real demand'"
First, let’s throw out the data and calm everyone down:
FET in the past 24 hours:
Opening: 0.2513 US dollars
Current: 0.2282 US dollars
Maximum: 0.2548
Minimum: 0.2220
Drop: about -8.6%
Do you also remember the whale that lost 4 million? The FET in his hands:
967,600 coins
Value: 243,000 US dollars
Losses exceeded 1.07 million US dollars
That is to say:
This whale held the strongest 'computing power market coin' in AI for a year, losing three-quarters of it. It's not that FET is not doing well, but because he took the wrong cycle.
Those who truly understand FET are now laying low instead.
1. What does FET rely on to stay at the forefront of AI concepts for the long term?
《Losing Until Vomiting But Still Wanting to Smash Back to Binance: The Biggest Negative for WLD is Not AI, but Its Holders' Nature》
First, let's present the latest on-chain verified data:
A whale yesterday packed all the altcoin portfolio it held for a year back to Binance, with WLD accounting for 621,900 pieces (market value 387,000 USD), resulting in a loss of 1,110,000 USD. This means:
This whale's WLD average cost is approximately in the range of 2.4–2.6 USD
The current coin price hovers around 0.62–0.65 USD
Loss rate exceeds 70%
This is not a short-term sell-off, but rather 'being stuck for a year and completely giving up'
Then you can look at the WLD price structure over the past 24 hours:
‘The whale that lost 4 million USD in a year finally dumped ONDO back to Binance: The brutal truth of RWA leaders has arrived’
Let's take a look at this heart-wrenching on-chain data:
A certain whale address, holding a basket of altcoins for more than a year;
Recently, I packed my positions and stored them in Binance:
3.43 million ONDO, current price about 1.69 million USD, loss of 1.03 million;
621,900 WLD, loss of 1.11 million;
967,600 FET, loss of 1.07 million;
623,000 ARKM, loss of 1 million;
The overall portfolio loss exceeds 4 million USD.
We are focusing on this ONDO transaction:
3.43 million, loss of 1.03 million, This means the average cost is about 60% higher than the current price level, After more than a year, I finally chose to 'acknowledge the output situation' in this range.
The First SUI ETF Listed on NASDAQ: Wall Street Immediately Gives You a 2x Leverage
SUI is directly mentioned in the way it enters Wall Street, not as a 'spot ETF', but as—
21Shares 2x Long SUI ETF (TXXS).
Listed on NASDAQ;
The goal is to use 2x leverage to track the price of SUI;
Bloomberg analysts directly said:
This is the 74th cryptocurrency ETF this year;
In the total pool, it is the 128th;
The first ETF based on a certain coin is surprisingly a leveraged product, which is very rare.
What does it mean?
Wall Street's positioning of SUI is immediately as a 'high volatility, suitable for long and short trading products', rather than 'a slowly accumulated store of value asset'.
The total market capitalization will go up, but not many will survive: SOL has changed from storytelling to grabbing market share.
In the past two days, Solana has two pieces of information that you must connect together:
Co-founder Anatoly directly stated: 'The total market capitalization of crypto will continue to rise, ultimately turning into a market share war based on revenue redistribution, where only the chains that compete fiercely will survive.'
The prediction market Kalshi announced that it would migrate its prediction market to the Solana blockchain and secured data partnerships with major media outlets like CNN and CNBC, essentially bringing 'traditional media real-time reporting' to Solana.
These two developments have upgraded the positioning of SOL from 'high-performance public chain' to three things:
The settlement layer for high-frequency trading and prediction markets;
《3000 USD Becomes Whale Acquisition Zone: Shorting Tycoon Flips, Institutions Crazy About Moving ETH, Who Is Lifting You Up?》
Let's first look at the market: ETH is currently moving sideways around 3170 USD, with a 24-hour high of 3227 and a drop to 3064 at one point. The daily contract trading volume across major platforms is also at a hundred billion level, which is considered 'compressed oscillation with volume', not stagnant.
In the past few days, there have been several key funding clues surrounding ETH:
1. On one side, there are whales in the market who are called 'firmly bearish on ETH', suffering a loss of 7 million USD.
This address 0x218 was once the counterpart of the '100% win rate whale'. The first reverse order was opened with a principal of 5 million, winning 5.08 million USD.
In the second instance, he chose to short ETH heavily:
"Miners Driven Crazy by Electricity Costs, Institutions Quietly Picking Up: Is $90,000 BTC a Sharp Edge or a Floor?"
First, let's lay the current market situation on the table: BTC is currently fluctuating around $92,000, with a 24-hour high of $93,600 and a low of $90,800. The daily trading volume on mainstream contract platforms is in the tens of billions of dollars, and the market is in a 'high-volume consolidation' rather than a low-volume decline.
At this moment, three forces are hedging against each other:
First force: miners cornered by electricity prices
JPMorgan provided a key number:
Based on an electricity price of $0.05 / kWh, the current 'average production cost' of BTC is around $90,000, slightly down from $94,000 last month.
The Night Before PCE: BTC Pressed to the 92K Lifeline, 91K–95K Becomes the Bull-Bear Showdown Zone
Brothers, tonight is PCE.
It's not small data; it's the inflation indicator that the Federal Reserve values the most. It directly determines whether interest rates will be cut in December, It also determines whether BTC will break through 95K tonight or be smashed back to 90K.
The Bitunix analyst gave a key judgment:
**The battleground for BTC has shrunk to the 91,000–95,000 range.
The real showdown is in the 90K–92K range.**
Today's market structure is already very clear:
Spot demand is weak
Futures buying support
Liquidity quality is declining
The main force is holding steady
Sentiment has entered an 'event-driven wait-and-see mode'
The ruthless person who once made 5.08 million and took down the '100% win rate whale', this time shorting ETH was backfired: 5 million floating profit, 2.49 million floating loss, drawdown over 7 million
Brothers, today the most dramatic isn't BTC, nor macroeconomics— It is the 'reverse showdown sequel' of two legendary whales on-chain.
The protagonist is the one who was once referred to as:
The only nemesis of the '100% win rate whale'
On-chain address: 0x218
Half a month ago, he relied on a reverse position With a principal of 5 million, he made 5.08 million, pulled down the '100% win rate whale' that was the most popular at the time resulting in a negative profit.
He has become the villain hero on the chain, a person who can pull whales down from their pedestal.
But the second chapter of the story has arrived:
**This time, he was shorted by the market with empty ETH.
《Binance announces the suspension of deposits and withdrawals for three chains: CHESS, DF, GHST network channels will close, do not deposit anymore!》
Brothers, there is a key notification that many people easily overlook, but it can easily lead to asset loss:
Binance will stop support for network deposits on December 12, 2025 at 16:00 Officially stopping support for network deposits & withdrawals for the following tokens:
❌ CHESS (Tranchess)
→ Ethereum network channel closed
❌ DF (dForce)
→ BNB Smart Chain channel closed
❌ GHST (Aavegotchi)
→ Polygon network channel closed
And the official clearly stated:
⚠️ After December 12, 16:00
→ Deposits through these networks will not be credited → May lead to permanent asset loss
"Solmate Announces Full Stock Acquisition of RockawayX: Birth of the First 'Integrated Crypto Business Group' in the Solana System"
Brothers, today's news is not just about mergers and acquisitions, This is a landmark action marking the capital landscape of the Solana ecosystem entering a new stage.
Solana infrastructure company Solmate (SLMT) announced:
✔ Planning to acquire 100% equity of RockawayX through a "full stock method" ✔ Both parties have signed a non-binding letter of intent (LOI) for business merger ✔ The merger will form an integrated crypto group of infrastructure + liquidity + asset management ✔ The merger entity continues to trade on NASDAQ under the SLMT code ✔ Expected to be officially completed in the first half of 2026
In one sentence:
The Solana ecosystem is giving birth to the first truly integrated "crypto group."
Bank of America Prediction: The Bank of Japan will raise interest rates to 0.75% in December, then raise rates every six months - the global capital landscape is about to change.
Brothers, the most significant news today is not on-chain, nor is it about the coin price, but rather the Bank of Japan (BoJ).
Bank of America has just stated:
✔ In December, the Bank of Japan will raise the interest rate from 0.5% → 0.75% ✔ Then raise interest rates every 6 months ✔ Next time in June 2026 ✔ Then in January and July 2027
This is not an 'interest rate hike', This marks a historic departure from the zero interest rate era for the Bank of Japan, entering a cycle of institutionalized rate hikes.
What does this mean for global assets?
In a word:
**The world's largest low-interest capital pool is about to start 'withdrawing funds'.
The biggest undercurrent in the crypto market is about to be redirected.**
《Tonight at 23:00 is a critical moment: the U.S. core PCE will be released, and behind the 2.9% expectation lies the most dangerous turning point for BTC》
Brothers, there is a real time bomb tonight that can sway the entire market:
Beijing time 23:00 The U.S. will release the core PCE for September (inflation indicator) Expectation: 2.9% (previous value 2.9%)
Don't be fooled by the unchanged numbers, Core PCE is the most important inflation reference for the Federal Reserve, It will determine whether and when to cut interest rates, and whether to dare to cut rates.
And the key lies in:
The market is now stuck in the liquidation kill zone of BTC 94,000 short vs. 91,000 long.
That is to say:
👉 As long as there is a 0.1% deviation tonight, The entire market will explode in an instant.
"Kalshi's valuation skyrocketed to 11 billion: Wall Street, CNN, and CNBC are all in, and the prediction market is set to become the next generation 'financial operating system'"
Brothers, the most shocking thing in the crypto circle this week is not the market, but Kalshi's series of actions.
In just a few days, this company has done three major things that could change the industry landscape:
✔ Completed 1 billion dollars financing with a valuation of 11 billion dollars ✔ Became the official prediction market data source for CNN and CNBC ✔ Announced the migration of business to the Solana chain
This is a triple blow to the prediction market. It is also the fastest time for the entire crypto industry to be 'normalized'.
To say something harsh:
The crypto industry has been shouting to enter the mainstream for ten years, and Kalshi has done it in a week.
1. Valuation of 11 billion + 1 billion financing: this is not financing, this is 'national-level access'