KEYTAKEAWAYS
- Analyst: Bitcoin HODLers have sold 827,783 BTC in the past 30 days
- Since Trump's victory, the inflow of Bitcoin ETFs in the United States has approached $10 billion.
- SlowMist: Web3 Security Incident in November Leads to Loss of Over $86 Million
TABLE OF CONTENTS
CONTENT
1. ANALYST: BITCOIN HODLERS HAVE SOLD 827,783 BTC IN THE PAST 30 DAYS
Recently, the Bitcoin market witnessed large-scale selling by long-term holders. According to CryptoQuant analyst Maartunn, since November 8, long-term holders have sold 827,783 BTC, worth approximately $82.59 billion.
During the same period, MicroStrategy purchased 149,800 BTC, and spot Bitcoin ETFs saw inflows of 84,193 BTC, covering only 30% of the sell-off volume. Despite significant selling pressure, retail demand has reached an annual high. Maartunn also highlighted that the seller risk ratio and net taker volume suggest Bitcoin may be nearing a potential peak.（Original link)
Analysis:
This wave of selling by long-term holders is primarily driven by profit-taking after the price increase, market sentiment fluctuations, risk aversion, and financial needs. Such large-scale selling has undoubtedly added selling pressure to the market, creating downward pressure on prices in the short term and potentially triggering investor panic, affecting market confidence.
However, it’s worth noting that MicroStrategy’s continued purchases and inflows from spot Bitcoin ETFs have partially offset the selling pressure, providing stability to the market. Additionally, strong retail demand highlights the market’s resilience, indicating that even amidst heavy sell-offs, Bitcoin continues to attract significant interest and capital.
Looking ahead, Bitcoin prices may experience increased volatility in the short term, but in the long run, its value and recognition are expected to grow as blockchain technology and its applications expand. Investors should stay vigilant, monitor market dynamics, and seek opportunities while remaining cautious.
2. SINCE TRUMP’S VICTORY, THE INFLOW OF BITCOIN ETFS IN THE UNITED STATES HAS APPROACHED $10 BILLION.
On December 9, Bloomberg reported that nearly $10 billion has flowed into U.S. ETFs directly investing in Bitcoin since Donald Trump’s election as U.S. president. Investors are betting that Trump’s favorable stance on the cryptocurrency industry could herald a market boom.
According to Bloomberg data, ETFs launched by issuers such as BlackRock Inc. and Fidelity Investments attracted around $9.9 billion in net inflows since Election Day on November 5. These inflows have pushed the total assets of these funds to approximately $113 billion.（Original link）
Analysis:
The significant inflows into Bitcoin-focused ETFs highlight growing optimism surrounding the cryptocurrency market, driven in part by expectations of regulatory leniency or active support under Trump’s administration. The involvement of major institutional players like BlackRock and Fidelity further underscores the growing mainstream acceptance of Bitcoin as an asset class.
This influx of capital has positive implications for the cryptocurrency market. First, it provides a strong liquidity foundation, which can help stabilize prices even amidst broader market volatility. Second, it signals increased confidence among institutional and retail investors alike, potentially attracting further capital inflows in the near term.
However, this optimism should be tempered with caution. While Trump’s stance may provide regulatory tailwinds, the broader macroeconomic environment, including interest rate policies and global financial stability, will also play a crucial role in shaping Bitcoin’s future trajectory. Investors should carefully monitor these dynamics while considering the long-term potential of Bitcoin and its role in diversified portfolios.
3. SLOWMIST: WEB3 SECURITY INCIDENT IN NOVEMBER LEADS TO LOSS OF OVER $86 MILLION
According to the SlowMist hacker database, on December 9, it was reported that Web3 security incidents last month caused a total loss of approximately $86.24 million. Among the 21 hacker incidents, about $76.86 million was lost, with $25.5 million being recovered. The main causes of these incidents included smart contract vulnerabilities, account leaks, and price manipulation.（Original link）
Analysis:
The frequent Web3 security incidents highlight the vulnerabilities in the technology and security measures within the space. Smart contract vulnerabilities and account leaks were the primary causes of the losses, reflecting shortcomings in the security design and implementation of Web3 projects.
Although some funds were recovered, the majority of the losses remain unrecoverable, indicating that risk management and emergency response mechanisms in Web3 still need improvement.
As Web3 technology continues to develop, security issues will remain a significant challenge. To ensure long-term stable growth, projects need to invest more in smart contract security audits, user data protection, and market transparency, while fostering industry cooperation to establish and follow stricter security standards.
Investors should also enhance their risk awareness and exercise caution when participating in high-risk Web3 projects.
