market Overview
Traditional financial markets:
The Dow Jones Industrial Average rose by more than 1%, hitting a two-year high. The Nasdaq fell for two consecutive days. Tesla's new car was released, and it once fell by 3%. In November, the US stock market rebounded sharply, and the three major US stock indexes achieved the largest monthly increase in at least a year.
The 10-year Treasury yield rebounded 10 basis points from a two-month low, but November still marked its best monthly performance since 2008. The dollar index continued to move away from a three-month low, but still recorded its biggest monthly drop in a year in November.
After the OPEC+ production cut meeting, crude oil turned to decline during the session, falling by more than 3% at one point, falling for two consecutive months. Gold stopped its four-day winning streak, temporarily bid farewell to its high in more than half a year, and rose for two consecutive months.
Coin Circle:
Stark airdrop page leaked, is the airdrop coming soon?
A whale withdrew more than 12,000 ETH from Coinbase in the past 2 hours, equivalent to about 26.2 million US dollars
On November 30, according to The Data Nerd, in the past 2 hours, the whale 0x4fb withdrew a total of 12,826 ETH (about 26.2 million US dollars) from Coinbase at a price of 2,040 US dollars.
(Bullish for ETH)
MicroStrategy once again purchased approximately 16,130 Bitcoins for approximately $593.3 million in cash
On November 30, MicroStrategy announced that the company once again purchased approximately 16,130 bitcoins for approximately US$593.3 million in cash, with an average price of US$36,785 per bitcoin.
Currently, MicroStrategy holds a total of 174,530 bitcoins, with a total investment of approximately US$5.28 billion and an average purchase price of US$30,252 per bitcoin.
(Bullish for BTC)
Coinbase CEO: "Very Optimistic" About Spot Bitcoin ETF Approval
On December 1, Coinbase CEO Brian Armstrong said in an interview that he was "quite optimistic" about the approval of the spot Bitcoin ETF, but he also emphasized that there was "sufficient expertise" on the issue, but said that "from everything I have read publicly, it feels like the spot Bitcoin ETF is getting closer to approval." Among the 13 potential Bitcoin ETF issuers, 10 chose Coinbase Custody as the custodian.
(Bullish for BTC, bullish for coinbase)
US SEC confirms Cboe submits documents for Fidelity Ethereum spot ETF application
On November 30, according to SEC documents, the Chicago Board Options Exchange (Cboe BZX Exchange, Inc.) submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) on November 17, proposing to list and trade the spot ETF commodity trust shares of the Fidelity Ethereum Fund ("Trust") under BZX Rule 14.11(e)(4). The SEC has confirmed receipt of the proposal and will solicit public comments on the rule change.
(Bullish for ETH)
Regarding the contradiction between the decentralized nature of blockchain and regulation:
Decentralization is a means, not an end (a transparent, efficient, and fair financial network)
The blockchain network needs to be parasitic on the traditional Internet. There is no such thing as "blockchain native"
Don’t be prejudiced against “compliance”. Compliance is not “slavery”. Western politics has always been the “art of compromise”, which also applies to the cryptocurrency world.
Don’t deify blockchain. The upper limit of this track is not high. The most reasonable expectation for this track is that it can become an organic part of the new generation of financial markets (along with traditional US stocks, foreign exchange, futures...)
Trading Decisions
Yesterday's target review
Strategy Update
From neutral to bullish
After a slight correction, it continued to rise.
The news stimulates and dominates the market. 2100 is an important integer level. If it stands firmly, a new round of market will begin.
The overall market environment is good, avoid going long
The overall market environment is good, and the market will maintain a volatile pattern, losing the value of short selling.
SSV
many
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