Bitcoin Bollinger BandWidth plumbed new record lows after printing a classic 
&#8220;green&#8221; signal in November that previously saw 40% BTC price upside.

Bitcoin Bollinger Bands repeat ‘parabolic’ bull signal from late 2023

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Daily futures wipeouts are surging as leverage builds, with a record unwind in 
October exposing how deeply derivatives now shape Bitcoin’s market cycle.

Daily crypto liquidations nearly triple amid overheating leverage: Glassnode

Ethereum fell more than 2% within 24 hours, sliding below $3,000 after losing 
its $2,900 support level. The drop triggered widespread liquidations, with 
around $500 million in long positions wiped out. Data shows that $79 million 
of the $106 million in ETH-focused contracts liquidated were long bets. 
Related Reading: Bitcoin Vs. Gold Metric Flashes Rare Signal Not Seen in 
Market History – See How Trading activity spiked sharply during the decline, 
with daily volume rising 200% to $33.2 billion. The broader crypto market also 
contracted, falling nearly 1.2% and erasing an estimated $1100 billion in 
value within hours. Bitcoin, SOL, XRP, and DOGE followed similar downward 
moves. Despite the volatility, some firms accumulated ETH during the downturn. 
BitMine Immersion Technologies increased its holdings by 96,798 ETH, diverging 
from the trend of companies reducing risk exposure. ETH&#8217;s price gains some 
momentum on the daily chart. Source: ETHUSD on Tradingview Fusaka Upgrade Goes 
Live, Aiming to Boost Scalability On December 3, Ethereum is set to activate 
its Fusaka upgrade, the network’s second major 2025 update. The upgrade aligns 
execution- and consensus-layer changes, introducing features that aim to 
improve Layer 2 and reduce costs. A key component is PeerDAS, a data-sampling 
mechanism designed to reduce the bandwidth validators need to verify Layer 2 
data. This system aims to cut validator bandwidth requirements by up to 85% 
and expand blob data capacity, potentially lowering Layer 2 transaction fees 
by 40–60%. Fusaka also raises Ethereum’s block gas limit to 60 million, 
enabling more transactions per block, and introduces updates to the Ethereum 
Virtual Machine that streamline smart contract execution. These combined 
changes are expected to enhance the network&#8217;s transaction capacity. Industry 
interest had been rising ahead of the upgrade. Major financial players, 
including Amundi and Fidelity, recently announced moves into tokenized 
products built on Ethereum, reflecting broader institutional activity across 
the network. Can Ethereum (ETH) Recover From Oversold Levels? Ethereum (ETH) 
last traded at around $2,807, with technical indicators indicating continued 
bearish momentum. The MACD remains in negative territory, while the Relative 
Strength Index sits at 32, signaling oversold conditions. Key support levels 
are at $2,700 and $2,500. A failure to hold these zones may deepen the 
downtrend, while a rebound could push ETH back toward $2,900–$3,000. Open 
Interest rose 4.3% after the decline, suggesting traders are reopening 
positions and preparing for higher volatility. Related Reading: You Won’t 
Believe How Much Bitcoin Companies Now Hold, What % Of Supply Do They Control? 
Whether the Fusaka upgrade can shift market sentiment remains uncertain, but 
its long-term scaling impact may play a role in Ethereum’s broader recovery. 
Cover image from ChatGPT, ETHUSD chart from Tradingview

Can the Fusaka Upgrade Renew Ethereum’s Momentum After Recent Price Hit?

AAVE price has confirmed a breakout from a bullish reversal pattern, even as 
activity in its ecosystem continues to slow down. According to data from 
crypto.news, Aave (AAVE) rebounded 13.5% on Wednesday, Dec. 3, after being in 
a downtrend over…

Cryptocurrency price in VEF