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Since the launch of the US spot Bitcoin ETF, the price-driving logic of Bitcoin has shifted from on-chain signals to off-chain capital and leverage, with five signals jointly determining the direction of this bull and bear cycle.
Since the launch of the US spot Bitcoin ETF, the price-driving logic of Bitcoin has shifted from on-chain signals to off-chain capital and leverage, with five signals jointly determining the direction of this bull and bear cycle.

ETF determines the foundation of institutional support, while funding rates can amplify or weaken momentum. Stablecoins supplement native capital, and the structure of holders determines risk resilience. Macroeconomic liquidity controls the cost of capital.

区块链骑士·2025/12/01 10:22
USDT Insolvent? Arthur Hayes Publicly Questions Tether
USDT Insolvent? Arthur Hayes Publicly Questions Tether

Arthur Hayes has raised concerns about Tether's gold and Bitcoin exposure and the potential risk of insolvency. Tether has countered with significant proprietary equity, reigniting the debate between the two parties.

BlockBeats·2025/12/01 10:20
When Web3 meets d/acc: What can Crypto do in the era of technological acceleration?
When Web3 meets d/acc: What can Crypto do in the era of technological acceleration?

The darkest moments in human history often occur when the "offensive advantage" of technology outweighs its "defensive advantage." d/acc aims to reverse this imbalance.

Chaincatcher·2025/12/01 09:06
Bitcoin plunged $5,000 this morning, breaking below $87,000 as the crypto market suffers a bleak start to December
Bitcoin plunged $5,000 this morning, breaking below $87,000 as the crypto market suffers a bleak start to December

The cryptocurrency market experienced a sharp decline on December 1, with bitcoin falling below $87,000 and ethereum losing the $2,900 mark. The total liquidation of contracts across the market reached $528 million. Market sentiment has turned cold, leverage is retreating, and increased uncertainty in Federal Reserve policies has intensified the sell-off. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still in the process of iterative improvement.

MarsBit·2025/12/01 08:48
Flash
02:21
Greece Plans to Tax Cryptocurrency Gains for the First Time
On June 6, Greece is preparing to impose taxes on cryptocurrency gains for the first time, with the relevant tax proposal expected to be included in a comprehensive tax bill later this year.
02:13
An OTC Whale has once again purchased 29,000 ETH from FalconX, equivalent to $46.69 million.
BlockBeats News, June 6th, according to Onchain Lens monitoring, a certain OTC whale (0xFB7) once again purchased 29,000 ETH from FalconX, worth approximately $46.69 million.Currently, the whale holds 151,588 wsETH, equivalent to around 187,460 ETH ($2.9619 billion).
01:59
A whale borrowed 100 million USDT to leverage its ETH position, and is currently experiencing an unrealized loss of approximately $6 million.
BlockBeats News, June 6th, according to on-chain analyst Welson, during the ETH downturn, a certain whale continued to accumulate and leveraged to buy more ETH through Aave. Since yesterday, the whale has borrowed a total of 100 million USDT from Aave and purchased 59,742 ETH, with an average purchase price of around $1,681. Based on the current price, this position is currently at a loss of approximately $6 million.Currently, the whale holds a total of 133,800 ETH, valued at around $212 million. The liquidation prices for its two leveraged positions are $1,356 and $1,170, respectively. If ETH continues to drop, these leveraged positions will still face liquidation risks.
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