crypto adoption. Photo by BeInCrypto Bitcoin has surged sharply above $94,000, ending a multi-day stretch of flat trading between $88,000 and $92,000. The breakout arrived suddenly on December 9, accelerating within minutes and breaking the range that capped the market for nearly a week. Whale Accumulation and Short-Side Liquidations Drive the Breakout Trading data shows heavy inflows into major institutional and exchange-linked wallets in the hour leading into the rally. Several high-volume custodial ad ...

Core Insights - Cardano (ADA) has experienced a flat trading pattern following the "Black Friday" market crash, with its price structure remaining bullish on higher time frames despite short-term weakness [1] - Whale accumulation has increased since October 12, with mega whales raising their balances from 1.50 billion to 1.59 billion ADA, indicating growing investor confidence [2][3] - The Spent Coins Age Band (SCAB) has shown a significant decline in on-chain selling activity, dropping from 179.06 million ADA to 87.33 million ADA, a 51% decrease [5][6] Price Analysis - Cardano's price is currently within a broad ascending channel, having found support near $0.61 and rebounding towards $0.73, which aligns with the 0.236 Fibonacci retracement level [7] - A breakout above $0.73 could lead to the next major resistance zone at $0.86, a critical level where previous rallies faced rejection [8] - Sustaining above $0.61 is essential for maintaining the bullish setup, with potential targets of $1.01 and $1.12 if the price breaks above $0.86 [9]

Group 1 - PEPE cryptocurrency surged over 2.5% in the last 24 hours, outperforming the memecoin sector which increased by 2.24% [1] - The price of PEPE rose from $0.00000969 to a high of $0.00001027, with trading volumes exceeding 314 billion tokens during a rapid price movement [1] - The trading activity in the $0.00001000 to $0.00001003 range indicates a temporary floor, suggesting accumulation by investors rather than quick profit-taking [2] Group 2 - PEPE's performance also surpassed the wider cryptocurrency market, as indicated by the CoinDesk 20 index which rose by 1.8% [2] - Whale accumulation is increasing, with the top 100 PEPE addresses on the Ethereum network adding 4.28% to their holdings over the last 30 days [3] - Open interest for PEPE futures products has risen to approximately $645 million, indicating growing market interest [3]

Market Sentiment - Bullish traders have been frustrated by the lack of sustained price bounces since Bitcoin's all-time high six weeks ago [1] - The report highlights encouraging whale accumulation, suggesting strong buying interest from large investors [1] - The report points to "buy the dip" enthusiasm, indicating positive sentiment among investors to purchase Bitcoin during price declines [1] Bitcoin On Exchanges - The report mentions declining $BTC on exchanges, potentially signaling reduced selling pressure and increased holding behavior [1]

Group 1 - The $ASTER token experienced a significant decline of 33% from its peak value shortly after its launch, but has begun to rebound [1][6] - The token reached a high of approximately $1.94 at launch, but fell to a low of $1.33 before recovering to around $1.60 [2][6] - Trading volumes for $ASTER have been substantial, reaching nearly $2 billion in a single day, indicating strong activity among early buyers and sellers [3] Group 2 - $ASTER is positioned as a competitor to Hyperliquid, backed by Binance founder CZ and YZi Labs, and distributed 704 million tokens to early participants [4] - Analysts suggest that the recent price dip may have been driven by profit-taking after an initial surge, but signs of recovery are emerging [6][7] - Whale accumulation appears to be increasing post-dip, and if this trend continues, $ASTER could target a price of $2.50 [7]

Market Trends - Industry should watch ETH supply squeeze and whale accumulation [1] - Industry should track RWA adoption, especially Private Credit/Treasuries [1] - Altcoin season is expected to begin with capital rotation into leading Alts [1] - Industry should follow ETF flows as cycle tripwires [1] - Industry should evaluate institutional vs retail flow balance [1]

Market Trend & Token Performance - Useless 代币在 24 小时内价格上涨 20.6% [1] - 24 小时交易量达到 9530 万美元，市值达到 2.906 亿美元 [1] - 交易所资金流入增加 2170 万美元，可能为价格上涨做准备 [3] - 鲸鱼钱包流入 270 万美元 [6] - 交易所流出 68.7 万美元，可能预示着供应紧张 [6] - 新增钱包 240 万个，表明散户投资者 FOMO 情绪高涨 [6] - 净流入 130 万美元，购买量大于卖出量 [6] Whale & Institutional Activity - 早期投资者获利了结（最高盈利 -31 万美元），同时鲸鱼大量涌入，可能代表机构投资者入场 [5] - 95 个鲸鱼钱包流入 270 万美元 [6] Exchange & Accessibility - 该代币已获得多个 Tier-1 交易所的批准，增加了其合法性 [1][6] - 该代币可在所有主要平台访问，降低了进入门槛 [6] - 持续的 2 亿美元以上交易量证明了市场真实需求 [6] Potential Catalysts - 市场盛传 Coinbase/Binance 上币传闻 [6] - 完全机构准入（也在 OKX、Bybit 上线）[6] - 交易量爆发式增长：9530 万美元（通常为 1000 万美元至 2000 万美元）[6] - "Useless" 品牌具有讽刺意味，兼具 Meme 属性和市场荒诞性 [6] - 完美时机——Meme 季高峰 + 最大交易所覆盖率 [6]

Market Trend & Token Performance - USELESS experienced a 40% dip, marking a significant drop [1] - The dip was rapidly bought up, indicating strong buying pressure [1] - USELESS is now the third most traded token on the Solana blockchain [1] - USELESS has an organic score of 96% on Jupiter, suggesting organic volume and price action [1] Smart Money & Whale Activity - Smart money is accumulating USELESS, making it the most purchased token by smart money in the past 24 hours [1] - Whales continue to accumulate and aggressively buy every dip [1] Ecosystem & Valuation - BonkFun now has over 70% market share, while Pumpfun has less than 30% [1] - The top Pumpfun ecosystem memecoin is at $1 billion+, while USELESS, the top BonkFun memecoin, sits at $260 million [1] - The BonkFun ecosystem is expected to reprice accordingly, suggesting USELESS is undervalued [1] Holder Behavior & Sentiment - Core holders are still holding and haven't sold, even during pullbacks, showing conviction [1] - Panic sellers are getting punished aggressively, as their sells are rapidly gobbled up [1]

Market Sentiment & Valuation - Market perceives NFTs as "dead," potentially overlooking significant developments [1] - Pudgy Penguins, an NFT project, receives a CBOE 19b-4 ETF filing, alongside DOGE and DOT, indicating institutional interest [1] - Pudgy Penguins' market cap of $708 million is receiving similar treatment as assets worth $24 billion, suggesting undervaluation or market inefficiency [1] Whale Accumulation & Listings - Nansen data indicates whale accumulation of +11.37% in Pudgy Penguins over 30 days, signaling strong investor confidence [1] - Pudgy Penguins is listed on Nasdaq bell with Vaneck, Bitstamp, and Revolut, increasing accessibility and exposure [1] Expansion & Partnerships - A mobile battle royale game featuring Pudgy Penguins is in development with Mythical Games, expanding the project's utility and reach [1]