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MicroStrategy and Harvard University increased their positions against the trend during the bitcoin market correction—MicroStrategy purchased 8,178 bitcoins, and Harvard increased its holdings in BlackRock’s bitcoin ETF. The market shows a pattern of retail investors selling while institutions are buying, but the scale of institutional accumulation is difficult to offset the pressure from ETF capital outflows. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively updated.
In Brief Jesse Pollak's JESSE coin is set to launch through the Base App. Pollak warns against scams and ensures only official announcements are credible. The launch reignites debate on digital identity and security in decentralized protocols.
Are ZEC's miner economic model, network security, and on-chain activity truly sufficient to support an FDV of over 10 billions USD?
In the short term, the $95,000 to $97,000 range may form a local resistance. If the price can reclaim this range, it indicates that the market is gradually returning to balance.
- 16:28Goldman Sachs: Stock Sell-Off Expected to Reach $40 Billion Next WeekJinse Finance reported that Goldman Sachs stated in a note to clients that the S&P 500 index has fallen below a closely watched level, giving the green light to trend-following hedge funds, which may sell nearly $4 billion worth of stocks in the coming week. The S&P 500 index fell below 6,725 points on Wednesday. In a note sent to clients later that day, Goldman Sachs said that trend-following hedge funds view this threshold as a signal to either sell their positions or increase short bets on further declines in stocks. According to Goldman Sachs' calculations, after stock prices fell below this number, up to $3.9 billion worth of stocks could be sold globally in the following week. If stock prices continue to fall, the bank estimates that systematic trend-following hedge funds could sell as much as about $6.5 billion worth of stocks. Trend-following hedge funds aim to capitalize on signals at the beginning of market trends—whether upward or downward. These signals can be based on trading volume, price, or the speed of asset price changes during the trading day. The Goldman Sachs report said that before the sell-off began, these hedge funds were long about $150 billion in global stocks. Goldman Sachs noted that the last time stock prices broke through these closely watched levels was in October, and prior to that, on April 2, when U.S. President Trump announced a series of tariff proposals.
- 16:28Self-custody Web3 bank Tria launches Treasure event, reimbursing one transaction per day for a random userChainCatcher news, self-custody Web3 bank Tria has announced the launch of its month-long Treasure event, to reward users who have consistently used Tria. Specifically,from November 19 to December 15, Tria will fully reimburse one eligible X user for a Tria purchase each day.
- 16:28Machi's ETH long positions have been partially liquidated again, with total account losses exceeding $20 million.According to ChainCatcher, Onchain Lens monitoring shows that as the market declines, Machi's ETH (25x leverage) long positions have once again been partially liquidated. Machi's account has now accumulated total losses exceeding 20 million USD.