Bitcoin’s slide intensified as a strengthening yen squeezed carry trades and 
triggered swift deleveraging across crypto, revealing how shifting 
expectations for Japan’s policy path can jolt digital assets, a pattern 
emphasized by Arthur Hayes. Bitcoin Slides With Rising Yen Costs as Carry 
Trade Tension Builds Global crypto markets faced renewed turbulence as Bitmex 
co-founder and […]

Why Is Bitcoin Dumping? Arthur Hayes Tracks BOJ Heat Closing in on BTC

Ethereum lost the critical $3,000 level on Sunday, sliding toward $2,800 and 
triggering a new wave of fear across the market. The drop highlights a 
deepening corrective phase that has pushed short-term investors into heavy 
unrealized losses, prompting many to reassess their risk exposure. Related 
Reading: Bitcoin Must Break Key Supply Clusters To Regain ATH Momentum – Watch 
These Levels Adding to the uncertainty, fresh on-chain data has revealed 
renewed distribution from major holders. According to data from Arkham, shared 
by Lookonchain, the well-known whale 0xdECF deposited another 5,000 
ETH—roughly $15.05 million—into Binance. This move expands a pattern of 
consistent selling pressure from large wallets, often seen during heightened 
market stress. While one whale does not define the broader trend, these 
deposits usually reinforce bearish sentiment among traders who monitor 
exchange inflows as a proxy for potential sell-side liquidity. Whale 
Distribution Deepens Amid Broader Market Anxiety Since October 28, the same 
whale wallet has accelerated its selling activity, unloading 25,603 
ETH—approximately $85.44 million—across Binance and Galaxy Digital. Despite 
this aggressive distribution, the wallet still holds 10,000 ETH valued at 
roughly $30.34 million, leaving open the possibility of continued sell 
pressure if market conditions weaken further. Large-scale movements like these 
often signal a shift in sentiment from sophisticated holders who tend to 
anticipate volatility earlier than the broader market. This selling spree 
comes at a moment when confidence is already fragile. The recent Tether FUD, 
fueled by speculation around reserve transparency and potential regulatory 
scrutiny, has added stress to liquidity conditions. Meanwhile, renewed 
headlines about a supposed China Bitcoin ban have resurfaced on social media, 
amplifying fear across both retail traders and short-term investors. Although 
neither narrative reflects new fundamental risks, emotional markets often 
react sharply to sensational news during corrective phases. Related Reading: 
Bitcoin STH Loss Transfers Fall 80% From Peak – What Comes Next? Together, 
these factors create a backdrop where whale distributions gain outsized 
influence. If the remaining 10,000 ETH enters exchanges, it could deepen 
short-term downside pressure. Conversely, a pause in selling may suggest that 
the whale views current levels as near-capitulation territory, offering a 
potential floor for stabilization. Ethereum Price Tests Support as Downtrend 
Remains Intact Ethereum’s 4-hour chart shows a market still struggling to 
regain momentum after losing the $3,000 handle. The broader structure remains 
decisively bearish, with price trading below the 50 SMA, 100 SMA, and 200 
SMA—a clear indication that sellers continue to control the trend. Each 
attempt to recover above the moving averages has been rejected, reinforcing 
the downtrend that began in late October and has continued through November. 
The recent bounce from the $2,750–$2,800 support zone shows that buyers are 
defending this level, but the reaction lacks conviction. Volume remains muted, 
and the latest attempt to reclaim $3,000 quickly failed, forming another lower 
high. This signals hesitation and suggests that bulls are not yet strong 
enough to shift market structure. Related Reading: XRP Reserves On Binance 
Collapse To Record Lows: Investors Move Toward Long-Term Holding The 
compression seen toward the end of the chart formed a small symmetrical 
triangle, but the breakdown that followed confirms that sellers still dominate 
short-term momentum. As long as ETH remains below the 200 EMA—now near 
$3,350—the macro trend favors continuation to the downside. If $2,800 breaks 
cleanly, the next liquidity pockets sit around $2,600 and $2,450, levels that 
could attract stronger buyer interest. For now, Ethereum must reclaim $3,000 
with sustained volume to neutralize bearish pressure. Featured image from 
ChatGPT, chart from TradingView.com

Massive Ethereum Distribution Continues: Whale Sends Another 5,000 ETH To Binance

Kalshi launches tokenized event contracts on Solana, enabling regulated, on- 
chain trading of event outcomes on the blockchain network.
The post Kalshi brings tokenized event contracts to Solana appeared first on 
Crypto Briefing.

Kalshi brings tokenized event contracts to Solana

Coinbase expands its Coinbase 50 Index with Hedera, Mantle, VeChain, 
Immutable, Sei, and Flare, noting their rising market relevance.
The post Coinbase adds six new tokens to its top 50 index appeared first on 
Crypto Briefing.

Coinbase adds six new tokens to its top 50 index

Ether futures overtake Bitcoin on CME as ETH volatility spikes, fueling debate 
over a potential Ether super-cycle amid a broader crypto market pullback.

Cryptocurrency price in AUD