Market Overview - Bitcoin (BTC) showed initial signs of a rally during Thanksgiving week, nearly reaching $90,000 before dropping back to $87,000 [1] - The CoinDesk 20 Index (CD20) rose close to 3,000 but retreated by around 3% to 2,485.84, indicating cautious buying behavior in the crypto market [2] Market Sentiment - The Crypto Fear & Greed Index remains in "extreme fear" at a rating of 15, slightly up from 12, but still reflecting a bearish sentiment [4] - The index reached a yearly low of 10, suggesting that market movements are likely influenced more by macroeconomic factors than trader sentiment [4] Trading Dynamics - Bitcoin's recent volatility has been linked to the performance of the U.S. tech industry, with most negative profit and loss occurring during U.S. trading hours [3] - The average funding rate for holding positions has turned negative for the first time in a month, indicating a potential for a short squeeze and a possible price recovery as December approaches [5]