Core Insights - Arthur Hayes, co-founder of BitMEX, indicates that macro liquidity trends are showing early signs of improvement, which may lead to a recovery in Bitcoin prices [1][3] - Hayes predicts that Bitcoin may dip below $80,000 in the near term but believes this level will act as support [2][3] - The U.S. Federal Reserve is expected to halt quantitative tightening on December 1, which could enhance liquidity conditions [3] Market Trends - U.S. banks have increased lending activity in November, suggesting greater liquidity that could benefit risk-on assets like Bitcoin and digital assets [4] - Market research firm Swissblock reports a decline in its "Risk-Off Signal," indicating that the most intense selling phase may have passed, potentially signaling a shift towards buying momentum [5] Investment Flows - Digital asset investment products experienced outflows of $1.94 billion last week, totaling $4.92 billion over four weeks, marking the third-largest continuous outflow period since 2018 [6] - Bitcoin saw the largest outflow, with $1.27 billion exiting during the week, although there was a partial reversal with $225 million in inflows on Friday [6] - Ethereum also faced significant outflows of $589 million, representing 7.3% of its total assets under management [8]

Core Insights - Institutional demand for Ethereum is reaching new heights, with treasury firms and exchange-traded funds now holding over 12.48 million ETH, which is approximately 10.31% of the total supply [1][9] Institutional Holdings - Corporate treasuries currently hold about 5.66 million ETH, representing 4.68% of the total supply, while spot Ethereum ETFs have accumulated 6.81 million ETH, accounting for 5.63% [3] ETF Inflows - In October, US-listed spot Ether ETFs recorded net inflows of $621.4 million, more than doubling the previous month's total of $285.7 million [4] - August saw inflows peak at $3.9 billion, indicating a sustained interest in Ethereum exposure [4] Company Strategies - SharpLink Gaming has disclosed that it holds 839,000 ETH with no debt, and its unrealized profits have exceeded $900 million since launching its ETH treasury strategy in June [5][6] - The company has doubled its ETH concentration over the past four months and is preparing to tokenize its common stock on Ethereum [6] Market Predictions - XWIN Finance suggests that Ethereum could potentially reach $10,000 driven by macro liquidity trends, as global M2 money supply hits record highs and ETH exchange reserves decline [7] - While Bitcoin has surged over 130% since 2022, Ethereum has only seen a 15% gain, indicating potential for future growth [8]