Odaily星球日报讯 据 Gate 研究院日报，11 月 25 日，BTC 和 ETH 维持高位震荡，BTC 价格上涨 0.24%，最高 98,549 美元，最低 95,735 美元，关键阻力位 99,600 美元；ETH 价格下跌 1.00%，关键支撑位 3,300 美元；山寨币表现亮眼，尤其是元宇宙和游戏板块涨幅显著，其中 SAND 涨幅达 73.5%；Solana 的 DEX 日均交易量突破 60 亿美元，占市场 45%。 此外，CBOE 宣布将于 12 月 2 日推出首个现货比特币 ETF 指数期权，为投资者提供新的交易工具，进一步推动比特币衍生品市场发展。 比特币现货 ETF 单日净流入 4.9 亿美元，以太坊现货 ETF 净流入 9,121 万美元，显示机构投资者对加密市场的兴趣未减；市场情绪保持乐观，恐惧与贪婪指数从 80 升至 82，仍处于极度贪婪区间。

Odaily星球日报讯 据 Gate 研究院日报，11 月 25 日，BTC 和 ETH 维持高位震荡，BTC 价格上涨 0.24%，最高 98,549 美元，最低 95,735 美元，关键阻力位 99,600 美元；ETH 价格下跌 1.00%，关键支撑位 3,300 美元；山寨币表现亮眼，尤其是元宇宙和游戏板块涨幅显著，其中 SAND 涨幅达 73.5%；Solana 的 DEX 日均交易量突破 60 亿美元，占市场 45%。此外，CBOE 宣布将于 12 月 2 日推出首个现货比特币 ETF 指数期权，为投资者提供新的交易工具，进一步推动比特币衍生品市场发展。比特币现货 ETF 单日净流入 4.9 亿美元，以太坊现货 ETF 净流入 9,121 万美元，显示机构投资者对加密市场的兴趣未减；市场情绪保持乐观，恐惧与贪婪指数从 80 升至 82，仍处于极度贪婪区间。

Gate 研究院：山寨币周末轮动上涨，首个现货比特币 ETF 指数期权即将推出

According to the <Odaily> report, on November 25, BTC and ETH maintained high volatility, with BTC price rising 0.24%, reaching a high of $98,549 and a low of $95,735, with a key resistance level of $99,600; ETH price fell 1.00%, with a key support level of $3,300; Altcoins performed well, especially the <metaverse> and gaming sectors, with SAND rising 73.5%; Solana's DEX had an average daily trading volume of over $6 billion, accounting for 45% of the market. In addition, CBOE announced that it will launch the first spot Bitcoin ETF index options on December 2, providing investors with new trading tools and further promoting the development of the Bitcoin derivatives market. The spot Bitcoin ETF had a net inflow of $490 million, and the spot Ethereum ETF had a net inflow of $91.21 million, indicating that institutional investors' interest in the crypto market has not diminished; the market sentiment remains optimistic, with the Fear and Greed Index rising from 80 to 82, still in the extreme greed zone.

According to the Odaily Planet Daily Report, on November 25, BTC and ETH maintained high volatility, with BTC price rising 0.24%, reaching a high of $98,549 and a low of $95,735, with a key resistance level of $99,600; ETH price fell 1.00%, with a key support level of $3,300; Altcoins performed well, especially the <metaverse> and gaming sectors, with SAND rising 73.5%; Solana's DEX had an average daily trading volume of over $6 billion, accounting for 45% of the market. In addition, CBOE announced that it will launch the first spot Bitcoin ETF index options on December 2, providing investors with new trading tools and further promoting the development of the Bitcoin derivatives market. The net inflow of the Bitcoin spot ETF was $490 million, and the net inflow of the Ethereum spot ETF was $91.21 million, indicating that institutional investors' interest in the crypto market has not diminished; the market sentiment remains optimistic, with the Fear and Greed Index rising from 80 to 82, still in the extreme greed zone.

Gate Research Institute: Altcoin rose in rotation over the weekend, and the first spot Bitcoin ETF index option is about to be launched

According to the <ChainCatcher> report, Bitfinex has released a report stating that "Bit is nearing the historic $100,000 milestone, driven by unprecedented inflows of capital into Bit ETFs and strong institutional demand. Despite facing profit-taking resistance at its latest all-time high, Bit has shown resilience, holding around $96,000 over the weekend and regaining some of its upward momentum in early Monday trading. Bit has risen 47% since the pre-US election low of $66,880 and an astonishing 130% year-to-date, breaking new ground. Bit's performance relative to traditional assets is undeniable: Bit's market cap has now surpassed Saudi Aramco, making it the world's 7th largest asset, with a valuation exceeding $1.9 trillion at its peak.

While Bit's upward momentum is impressive, it is not without long-term holders taking profits. Although the pressure has increased, it remains manageable compared to the historical highs in March 2021 and March 2024. These trends suggest that the market momentum has temporarily stalled, but the overall market may absorb the selling pressure and continue to rise in the medium term.

The overall cryptocurrency market (excluding Bit and Ethereum, known as the Total3 index) has also reached a new cycle high, with a surge in investor sentiment driving a 23.2% rally in the Total3 index from low to high last week - the largest since April 2021. Large-cap Altcoins, such as Solana (SOL), have reached new all-time highs, breaking through key resistance levels, including the April 2022 high.

The Altcoin market cap is now approaching the $984 billion peak of May 2021, indicating that speculative capital is shifting from Bit to Altcoins. Historically, this type of capital rotation often signals the arrival of an 'Altcoin season', where Altcoins outperform Bit.

In fact, the annualized financing rates for large-cap Altcoins have surpassed the 45% threshold, indicating an intensification of speculative activity. With increased retail investor participation, short-term volatility is expected to rise, further fueling the momentum of Altcoins. However, these conditions also warrant caution, as extreme financing rates often signal the potential for a violent market correction."

Bitfinex latest research: speculative funds are shifting from Bitcoin to Altcoin, often heralding the arrival of the "Altcoin season"

Following the confirmation of Trump's return to the White House, the crypto-friendly sentiment is surging, and Wall Street is ready to unleash a new generation of speculative products in the $3.2 trillion industry to satisfy investors' appetite.

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- Bitcoin spot ETFs attract $7.2 billion in capital after the election
- ETF issuers are eager to apply for competing coin ETFs
- Various crypto ETFs will be staged in the TradFi script

Bitcoin spot ETFs attract $7.2 billion in capital after the election
Since the election (...

Wall Street’s ETF Team Ready for More Fancy Crypto ETF Playbooks

Odaily Planet Daily reported that QCP published an article stating that the cryptocurrency market fell yesterday, with over $100 million in BTC and ETH positions being liquidated on major exchanges. However, BTC and ETH are still trading firmly above key support levels (95,000 and 3,200 respectively). Although the market saw a correction over the weekend, long-term volatility remains relatively high. The market seems to expect BTC to consolidate sideways before December, while the focus in the short term has shifted to ETH. The risk reversal for ETH remains significantly tilted towards short-term call options, while the demand for BTC call options is mainly concentrated after December 27, 2024, driven by the potential impact of Trump's pro-crypto policies, which are expected to take effect as early as next year. As we mentioned last week, if BTC fails to break through $100,000, there may be a trend of capital shifting from BTC to ETH and other <Altcoins>. In fact, this has already started to happen. Over the past week, BTC's market dominance has dropped from 62% to 59%. Despite the continued strong inflow of funds into spot ETFs and the bullish IBIT option bias supporting BTC, it seems to be struggling to make progress in the face of a massive $100,000 sell wall.