⚠️ What's Driving the Selloff:Derivatives volume crashed 15.24% to $478B following a $700M liquidation cascade when Bitcoin dipped below $124K. Token unlocks flooded supply, ASTER Phase 2 airdrop triggered a 28.3M token whale dump, while MIRA's 191M circulating supply overwhelmed buyers. KLINK dropped 18% post-TGE as airdrop farmers sold. U.S. Senate crypto legislation stalled on DeFi proposal disputes, keeping institutional capital sidelined.6/7 ...

✍️ Arthur Hayes (@CryptoHayes) sold $HYPE not because he lost conviction—he still sees 26x potential by 2028.But in the short term:- Competitors are undercutting fees (China-fication risk)- Token unlocks in Nov = big sell pressure- Revenues not yet strong enough to offset buybacksFund manager play: take profit now, reload lower later.CoinDesk Live from @kbwofficial ...

⚡️ TODAY: Arthur Hayes reveals why he dumped his entire $HYPE position worth $5.1M, citing heavy sell pressure over massive token unlocks starting November 29th. https://t.co/47X8ZZQoD6 ...

Market Overview - Crypto markets are experiencing significant pressure, with Bitcoin dropping below $112K and currently trading at $112,660, leading to a total market cap of $3.9 trillion [1] - Over the last 24 hours, more than 402,000 traders were liquidated, resulting in $1.7 billion in losses, predominantly from long positions which accounted for $1.62 billion [1][2] Liquidations and Token Unlocks - The recent selloff is attributed to upcoming token unlocks worth over $517 million in the next week, raising concerns about additional selling pressure [2] - Liquidations and token unlocks are the primary factors behind the immediate market crash, compounded by macroeconomic uncertainties affecting market sentiment [3] Institutional Demand - Despite the downturn, there has been a notable inflow of $163 million into U.S. Bitcoin spot ETFs, indicating that institutional demand remains strong [3] Price Levels and Market Sentiment - Bitcoin is currently testing the critical support level at $112K; failure to maintain this level could lead to a drop to $108K or even $100K, while reclaiming $117K could allow for a push towards $123K [4] - Ethereum is also under scrutiny as traders monitor its ability to stabilize above $4,000 following its recent decline [4] Investment Opportunities - For long-term investors, current dips may present opportunities to buy top cryptocurrencies like BTC, ETH, and SOL, although near-term volatility is expected as the market adjusts to liquidations and supply shocks from token unlocks [5]

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Polymarket and CME FedWatch are aligned: the Fed’s easing cycle begins tomorrow. Both have a 25 bps cut locked in for the next FOMC meeting, with odds building for a three-cut path through year-end. (Polymarket) Polymarket traders leave m ...

RT BSCN (@BSCNews)🤔 Pi Coin in 2025—Hype or Real Value?It’s back in the spotlight! Token unlocks, price dips, and big promises @PiCoreTeam has a lot riding on this next phase ⬇️https://t.co/7MGV45a1gy ...

RT BSCN (@BSCNews)🤔 Pi Coin in 2025—Hype or Real Value?It’s back in the spotlight! Token unlocks, price dips, and big promises @PiCoreTeam has a lot riding on this next phase ⬇️https://t.co/7MGV45a1gy ...