BitMine Immersion Technologies has added over 7,000 ether for roughly $19.8 
million to its stash that currently accounts for more than 3% of the flagship 
altcoin’s total supply. Data tracked by on-chain analytics platform 
Lookonchain on Dec. 2 shows that…

BitMine adds 7,080 ETH as it positions for a potential Ethereum rebound

Solana price prints bullish RSI divergence, rising CMF and steady ETF inflows 
at key support, but bulls need a breakout above resistance to confirm a 
sustained reversal. Solana&#8217;s price chart is displaying early technical signals 
that suggest potential buyer interest…

Solana price shows bullish RSI, ETF inflows as price tests key support

XRP drops 9.5% as TD Sequential prints a weekly buy signal, while Ethereum 
shows a bearish setup on its 12-hour chart, leaving traders watching for 
reversals. XRP declined 9.5% as a technical analysis indicator suggested a 
possible trend reversal, according…

XRP drops 9.5% as TD Sequential hints trend reversal

After a brief period of consolidation and a bullish uptick to around $93,000 
at the end of last week, the Bitcoin price has once again dipped toward the 
$85,000 mark, recording a significant 7% drop on Monday, according to data 
from CoinGecko. Market expert Shanaka Anslem has pointed to what he refers to 
as &#8220;the weapon&#8221; behind this latest crash: Japanese government bonds. Expert 
Warns Of Unraveling Yen Carry Trade In a post on social media platform X 
(formerly Twitter), the expert highlighted that the yield on Japan’s 10-year 
bonds reached 1.877 percent on December 1, 2025—the highest level since June 
2008—while the 2-year yield hit 1 percent, a benchmark not seen since before 
the collapse of Lehman Brothers. He explained that these rising yields have 
triggered a significant unwinding of what Anslem describes as the largest 
arbitrage trade in history: the Yen Carry Trade. Related Reading: Dogecoin 
Whale Activity Drops To Deepest Level In Two Months With estimates placing the 
total size of this trade at around $3.4 trillion and figures nearing $20 
trillion, he noted that this allowed global investors to borrow Japanese yen 
at minimal costs to buy a variety of assets, including stocks, US Treasuries, 
and cryptocurrencies like Bitcoin. However, this era appears to have ended 
last month. The mechanics of this situation are straightforward but impactful, 
Anslem asserted. As yields rise, the yen strengthens, making leveraged 
positions increasingly unprofitable. He suggested that this leads to a chain 
reaction: selling triggers margin calls, which in turn causes further 
liquidations. On October 10, $19 billion in crypto positions were liquidated, 
marking the largest single-day wipeout in crypto history. By November, Bitcoin 
exchange-traded funds (ETFs) saw $3.45 billion exit the market, with 
BlackRock’s IBIT suffering a $2.34 billion loss. On December 1 alone, an 
additional $646 million was liquidated before lunchtime. Will The Bitcoin 
Price Plunge To $75,000? This decline has occurred alongside the Bitcoin price 
correlations with major stock indices, showing a 46% correlation with the 
Nasdaq and a 42% correlation with the S&amp;P 500. Anslem noted in his analysis 
that what was once perceived as an &#8220;uncorrelated hedge&#8221; has now transformed 
into a leveraged indicator of global liquidity conditions. Related Reading: Is 
Strategy Buying Bitcoin Again? Saylor’s ‘Green Dots’ Suggest Yes 
Interestingly, despite the Bitcoin price collapse, whale investors accumulated 
375,000 BTC during this period. Moreover, miners significantly cut back their 
selling, reducing monthly sales from 23,000 BTC to just 3,672. As the market 
looks ahead, the expert asserted that a pivotal moment approaches on December 
18 with the Bank of Japan’s upcoming policy decision. Anslem concluded that if 
the bank opts to raise rates and signal further increases, the Bitcoin price 
could test the $75,000 level, which would represent an additional 11% drop for 
the market’s leading cryptocurrency from current trading levels. Featured 
image from DALL-E, chart from TradingView.com

Revisiting $85,000: Bitcoin Price Drop Linked To Japanese Government Bonds

Ethereum price has broken below the $2,900 support with rising whale sell 
pressure, but upcoming Fusaka upgrade could boost sentiment. The second- 
largest cryptocurrency was trading at 2,803 at press time, down about 0.9% in 
the past day and roughly 5%…

Cryptocurrency price in AUD