Bitcoin’s sitting around $87K after a brutal weekend, and the 30-day picture looks even worse with a 21.3% decline overall. $394M in Bitcoin liquidations exploded in a single day. That’s a 1,376% jump. Overleveraged traders just got a painful reminder about risk management. Meanwhile, Japan’s floating a 20% crypto tax proposal, and “Operation Choke Point 2.0” fears are back in the headlines. Because apparently, regulatory anxiety never actually left. The timing made everything worse. Weekend trading means thin liquidity, and that $4K Bitcoin drop turned into a full-blown cascade. So what’s really driving this mess?
Saylor’s Company May Actually Sell Its Bitcoin
Michael Saylor’s Strategy now holds 650,000 Bitcoin. But the company just created a $1.44 billion cash reserve by selling stock. Saylor spent years saying “never sell your Bitcoin.” That playbook just changed. The company slashed its year-end Bitcoin price forecast from $150,000 down to a range between $85,000 and $110,000. What Bitcoin price would force Strategy to start selling? Read more.
Crypto Companies Are Thriving While Prices Tank
Bernstein analysts noticed something different about this crypto downturn. Operating businesses are executing shifts not seen in previous corrections. Coinbase stock dropped 21% over the past month, Circle fell 37%, and Robinhood declined 12%. But these companies are building revenue streams that don’t depend on trading volume anymore. What new revenue streams are these businesses launching in December? Read more.
Whales Dumped Bitcoin Before Retail Even Noticed
Addresses holding 1,000+ ETH dropped from 5,628 to 5,547 since September 25. Bitcoin fell to $85,600 Monday, wiping $144 billion in market value. Retail wallets holding under 1 BTC picked up the buying while large holders stepped back. Over $600 million in positions got liquidated in 24 hours. Why are whales selling while retail keeps buying? Read more.
Tom Lee Is Buying Ethereum While Losing Billions
BitMine purchased 96,798 ETH last week, lifting total holdings to 3.73 million tokens. The company now controls roughly 3% of Ethereum’s total supply. BitMine is sitting on nearly $4 billion in unrealized losses. Tom Lee cited the Fusaka upgrade launching December 3 as reason to accelerate buying by 39%. What’s Tom Lee’s average ETH buy price? Read more.
Bitcoin Miners Are Bleeding Money Again
Bitcoin miners earned $41,400 per exahash in November, down 14% from October. Daily block reward profits fell 26% month-over-month. The combined market cap of 14 major U.S. mining companies dropped 16% to $59 billion. Network hashrate declined 1% after hitting record highs in October. What’s causing the mining profit crash? Read more.
AI News: Sector Extends Slide as Brutal November Hits Risk Assets
BTC posts one of its worst Novembers as yen carry and leverage unwind, spilling into alts. AI sector mcap fell 7.3% (~$1.5B) as thin-liquidity AI tokens sold off. Read more.
