The situation of the Fed ahead of the interest rate decision in December
The Fed begins a 2-day meeting from now until before the announcement time (2 AM on 11/12). According to Nick Timiraos of the WSJ, there could be up to half of the members opposed to a rate cut.
However, the decision is still led by Chairman Powell, who shows signs that he is leaning towards the option of a reduction despite facing an unusual level of opposition:
- 5 out of 12 voting members have expressed that they do not see sufficient reasons to lower interest rates. - 10 out of 19 Fed officials are in a similar situation, although previously only 1 person opposed in October.
The scenario considered the most feasible for Powell to reduce the number of opposing votes: the Fed cuts by 25 basis points while signaling hawkishly that the conditions for further easing will be more difficult.
Tom Lee's Sadness: BitMine is currently down $3.1 billion with an investment of $ETH
Currently, the company holds a total of 3,864,951 $ETH with an average DCA price of $3,925.
Jack Yi, the founder of LD Capital, encourages: "BitMine is like Strategy in its early days, going through a painful process, but with ample capital, they will win big in the future."
UPDATE BTC ON 09/12 - $BTC IS SHOWING NEW MOVEMENTS?
Yesterday $BTC rose to $92k2 but couldn't surpass it, forming a head and shoulders pattern, which suggests that in the short term the market may slightly decline, killing all long positions before it can rise again. There are 2 days left until the FED interest rate news, so the market will fluctuate continuously, please pay close attention and adhere to stop loss and take profit levels.
Short-term view: Look to short at prices from $90k6 - $91k2 aiming for $89k or $88k, then look to long from here.
Have the long-term whales stopped dumping their holdings?
According to Coindesk, from July to November, the amount of $BTC held by long-term holders has decreased by over 440K $BTC (~$40B), hitting a bottom on November 21 when the price fell to $80K.
Currently, their amount of $BTC is gradually stabilizing, while the price has rebounded to the range of $91K - $92K, indicating that most of the selling pressure has been absorbed.
Compared to the past, this cycle no longer features a frenzy followed by massive selling; instead, the distribution process is happening more slowly and evenly. Perhaps the behavior of holders is gradually changing, and the 4-year cycle model shows signs of being broken.
BitMine continues to strongly accumulate 138,452 $ETH ETH (~$430M) in the past week
This figure is nearly 3 times the average weekly purchase level of the previous month and raises the company's total holdings to over 3.8 million $ETH ETH (~$12.1B).
Tom Lee remains extremely bullish on Ethereum thanks to a series of positive signals recently, including the successful implementation of the Fusaka upgrade and the macro expectations that the Fed is about to ease, preparing to adjust interest rates.
🔥 Strategy announces the purchase of an additional $962M $BTC The amount purchased this time is 10,624 $BTC ($962.7M) at an average price of ~$90,615 -> raising the total number of $BTC held to 660,624 $BTC It's been a while since we've seen the old man buying so aggressively 🫣 does the old man know something is about to happen ?????
TWO PHYSICAL BITCOIN COINS SUDDENLY ACTIVATED, "AWAKENED" 2,000 $BTC AFTER 13 YEARS
OG MOVE?
Two Casascius coins containing 1,000 BTC each are currently the rarest physical bitcoin coins in the world that have unexpectedly been activated after more than 13 years, equivalent to more than 179 million USD "waking up".
- One was minted in October 2012 when BTC was ~11.69 USD - The other from December 2011 when BTC was only 3.88 USD.
👉 At current prices, this 2011 BTC amount has theoretically increased by more than 2.3 million %
Casascius is a symbol of the early Bitcoin era (2011–2013), created by Mike Caldwell. Each coin contains a private key sealed with a counterfeit-resistant hologram. Among them, the 1,000 BTC version is extremely rare with only 6 coins ever produced.
I once saw a 0.0001 BTC bill from a female colleague, but I wonder what it feels like to hold a BTC worth 1000 $BTC .
The US financial market may migrate to blockchain in the coming years
That is the prediction of SEC Chairman Paul Atkins when discussing the benefits that tokenization brings:
- Transparency: When tokenized shares are put on the blockchain, businesses can know who is holding them and clearly observe the dynamics of investors.
- Instant payments: Shortening the payment time, eliminating the lengthy T+1 processes, helps to reduce risk.
Earlier this month, Mr. Atkins also announced a new mechanism allowing crypto projects to freely experiment, no longer having to worry about strict legal barriers like before.
🔥Kevin O'Leary (Shark Tank USA) believes that the Altcoin season has long been over!
According to him, most current altcoins are just Poocoin (C*t coin)
DEV projects create tokens and then abandon them, with no liquidity and no value. ETH and BTC will be the only two products capable of surviving the Bear season.
ETH can serve as infrastructure, while BTC can be a long-term store of value.
It sounds painful. But sometimes we have to accept the truth, my friends. 100 1000 may get 1 🙏
UPDATE $BTC BTC 6/12/2025 Secondary trend decreasing BTC after yesterday's drop has fallen quite strongly around the current FVG which is located in FVG Therefore, you can look for Long vs Short Scalp within the FVG range from 87k - 90k After that, I will reassess whether to Long in this area for the upcoming target of 98k or if BTC will drop down to 7x With altcoins, it will only move sideways slightly so you should also look to take profits early if you have scalp Wishing you effective trading!