Yesterday I mentioned that Bitcoin might have a false breakthrough, but it didn’t really hold above 100,000. There was a sharp retracement in the middle of the night, and it plunged below 91,000, with a drop of more than 10,000 points. Yesterday’s funding rate was indeed too high, and Bitcoin breaking through 100,000 did create FOMO among many investors. Judging from the liquidation data, Bitcoin’s liquidation exceeded 500 million, accounting for half of the liquidation ratio. Therefore, this wave of plunges was obviously aimed at Bitcoin.
From the perspective of time, it is also a coincidence. The last time Bitcoin hit bottom was on August 5th, when it fell below 50,000. This wave of breaking through 100,000 was also on the 5th, with a time span of 4 months. Another coincidence is that Bitcoin hit bottom on March 12, 2020, and it also peaked around March 12 at the beginning of this year. There are some time nodes that we still have to guard against.

Cardano (ADA) has surged 264% over the past month, an astonishing increase. However, the cryptocurrency is encountering resistance at the $1.20 level, indicating that its recent upward momentum may have reached a saturation point.
Despite strong growth for Cardano, overcoming this barrier remains a key challenge for further appreciation. Price movements suggest that Cardano is approaching a critical moment, and maintaining upward momentum may require significant market support.
Cardano is in danger
Cardano's Market Value to Realized Value (MVRV) ratio is currently far above the danger zone, indicating potential risks for investors. The MVRV ratio tracks the profits or losses of ADA holders over the past month.

According to Coinglass's on-chain indicator report, despite continuous price adjustments, Ripple's native token XRP still has not attracted attention from whales and investors.
The potential reason for this attraction may be XRP's recent performance, which has surged by 370% in the past month.
$288 million of XRP outflow
According to CoinGlass's XRP spot inflow/outflow data, there has been a massive outflow of $288 million in tokens from exchanges since the beginning of December.

In the cryptocurrency space, such a large outflow refers to withdrawing assets from exchanges to wallet addresses for long-term holding.

While the cryptocurrency market is rising with Bitcoin (BTC) soaring above $100,000, HBAR's price is heading in the opposite direction. HBAR has dropped nearly 7% to $0.3093. Nevertheless, this correction seems to indicate that a period of accumulation is needed before new growth occurs.
However, despite the recent decline in value, positive market sentiment remains strong. Developments like Hedera's partnership with Dropp are driving this trend, which could have significant implications for the future of direct payments.
HBAR looks good on the candlestick chart

In the past 24 hours, Render [RNDR] experienced a significant increase, reaching the highest point of $11,853 in 9 months. During this period, the increase was 40.16%.
The trading volume of this altcoin has grown exponentially, increasing by 244.93% to $4.23 billion. Meanwhile, the market cap has surpassed the $5 billion mark.
During this period, despite BTC breaking the $100,000 mark, Render outperformed Bitcoin [BTC]. Among other AI tokens, Internet Computer Protocol [ICP] fell by 2.08%, Bittensor [TAO] dropped by 5.23%, and NEAR Protocol [NEAR] rose by 2.7%.

Bitcoin has broken through $100,000 today, marking a historic point.
Remember the bull market from 2020 to 2022, when Bitcoin plummeted from $31,200 and then entered a bull market, rising from around $3,800 to nearly $70,000, reaching a peak of $69,198.
Many large companies and institutions entered the market at $30,000 to $50,000 and have yet to make a 50% profit. The ensuing bear market began, leading to significant losses.
Following Bitcoin's breakthrough of $100,000, a wave of fresh blood is expected to flood the market. Just now, there has been a continued issuance of USDT on-chain, with $3 billion reported last month on the Ethereum chain.

Aave [AAVE] is currently a hot topic in the cryptocurrency world, with its market capitalization growing by 53% in just two weeks.
This significant increase may be due to speculation about favorable cryptocurrency policies from the Trump administration.
Times are changing, and AAVE is riding the wave of positive market sentiment.
Analyzing AAVE's explosive on-chain growth.
The past 24 hours have been unusual for AAVE, with significant on-chain data milestones indicating unusually high market activity.
According to Santiment data, AAVE whale trading volume has reached 587 transactions, the highest level since March 2022, indicating strong institutional interest and significant market momentum.

Toncoin (TON) price has surged 45.45% over the past 30 days. The RSI remains close to the overbought zone, and recent outflows from exchanges highlight reduced selling pressure, indicating increased confidence among holders.
The EMA line further strengthens the bullish trend, with prices well above short-term averages. If TON maintains its upward trajectory, it may break through the resistance level of $7.198 and aim for $8 in December, but a reversal may test the support levels of $6.6 and $5.6.
TON RSI is still close to 70.
The TON RSI recently almost reached the overbought threshold of 70, then fell back to the current level of 63. This pullback indicates a slight weakening of buying momentum, but it remains relatively strong as the RSI is still in the bullish zone.

Over the past week, Curve [CRV] has maintained an upward trend.
Following a significant increase of 123.49% last week, the token has risen another 44.13% in the past 24 hours, making it one of the best-performing assets in the market.
Investor interest in CRV has been rekindled.
CRV's developer activity and total locked value (TVL) have both shown significant increases, indicating a resurgence of investor confidence.
Total locked value (TVL) is a key indicator of investor activity within the blockchain ecosystem. It reflects the amount of assets deposited and staked to support development and operations.
After several months of decline since September, CRV's TVL has rebounded significantly to $2.03 billion. This rebound marks a return to pre-decline levels, indicating that bullish sentiment in the market is strengthening.

Monero (XMR) experienced significant growth in November, consistent with the strong month for privacy coins following the lifting of sanctions on Dragon's trading volume.
The renewed interest in the industry has driven the rise of the top five privacy coins, with Monero rising by 21% and maintaining its dominance as the largest privacy coin by market capitalization.
November has been a great month for privacy coins.
It turns out that November has been an outstanding month for privacy coins, as the lifting of sanctions on Dragon's trading volume has reignited interest in the industry.
The top five privacy coins recorded significant increases, with Dash (DASH) leading the way, surging by 167%, which is impressive. This significant rise indicates that the market has regained confidence in privacy-centered assets following regulatory changes.

Yesterday, the domestic situation in the US was once very tense, and the Bitcoin price on the Simida exchange fell more than 30%. These are only short-term impacts from the news and will not significantly affect Bitcoin's long-term price trends.
Last night many people asked if there would be another black swan event. Currently, the possibility seems low. The major fund buyers of Bitcoin are in the US, and as the current world hegemonic power, it is unlikely for there to be a collapse in the short term, so it's just the small investors worrying unnecessarily.

BNB price has experienced a massive surge, setting a new all-time high (THR) after six months of resistance. The recent price action marks a significant shift for the crypto, breaking through the eight-month-long resistance zone between $572 and $619.
The altcoin’s breakout was accompanied by a surge in market activity, indicating strong investor confidence and a continued uptrend. As of now, the momentum remains intact and BNB is expected to continue to rise.
BNB Aims for New Highs
The market sentiment around BNB is extremely positive, driven by a 16% price increase in the past 24 hours. This rise has led to massive market liquidations, with $3 million worth of short positions being liquidated.