#加密市场观察 December 6 Web3 Crypto Market News

1 • Macro Economy: US September core PCE annual growth rate fell to 2.8%, a five-month low, providing more room for a Fed rate cut in December. Polymarket predicts the probability of a 25 basis point Fed rate cut in December has risen to 94%. US leading economic indicators continue to deteriorate, with the ratio to coincident economic indicators falling to the lowest level since 2008.
2 • Bitcoin Trends: After the PCE data release, Bitcoin briefly dropped to around $87,000, momentarily falling below $89,000. Key support is in the $89,000–$90,700 range, with resistance at $94,400 and $97,000. Bitcoin SOPR ratio dropped to 1.35, indicating profit-taking has faded and selling pressure is nearly exhausted. CryptoQuant's risk-avoidance oscillator is nearing the "high risk" zone, signaling pullback risk.
4 • Ethereum Trends: Ethereum dropped to $3,000, with a 24-hour decline of 5.08%.
5 • Spot ETF: Yesterday, US Bitcoin spot ETFs saw a net inflow of $54.8 million. ARK ARKB had a net inflow of $42.8 million, while BlackRock IBIT saw a net outflow of $32.5 million. Ethereum spot ETFs had a net outflow of $75.2 million, and Solana spot ETFs had a net inflow of $15.7 million.
6 • Market Sentiment: The Crypto Fear & Greed Index dropped to 23, returning the market to an "extreme fear" state. Mainstream CEX and DEX funding rates indicate the market remains bearish.
7 • Whale Activity:
Whale "0x50b3" opened a 20x leveraged long on Bitcoin, while another whale "0x9311" opened a 40x short on Bitcoin, acting as opposing positions. A suspected Bit address increased holdings by 22,676 ETH, worth about $68.86 million.
Whale "0xDE3...ddFCc" spent $8 million to open a position with 2,640 ETH for the first time.
A whale address increased holdings of $14 million in altcoins, with total holdings valued at $74.83 million.
A dormant whale address awakened after 14 years and transferred 1,000 BTC to a new address, with a unit cost of only $3.88.
The CEX whale ratio surged, especially BTC inflow on Bn approaching yearly highs, indicating whales are hedging and taking profits after the price rebound.
8 • Stablecoins: The market cap of euro stablecoins has doubled in the past year to about $683 million. Circle has issued an additional 10 billion USDC in the past month. CoinShares' head of research believes market concerns over Tether "seem unfounded."
9 • Meme Coins: Solana ecosystem meme coin PIPPIN's market cap briefly surpassed $330 million, up 45.87% in 24 hours. Meme token Franklin's market cap briefly topped $13 million, up 404% in 24 hours.
10 • Market Forecast:
CbInstitutional expects a market recovery in December for crypto.
JPMorgan maintains a Bitcoin gold-anchored target price of $170,000 in the next 6 to 12 months.
CoinShares' head of research believes the digital asset treasury (DAT) bubble has largely burst, and companies should hold positions and wait for a rebound.
11 • Futures Trading: In the past 4 hours, total liquidations across the network reached $97.297 million, with long liquidations at $90.4036 million. If Bitcoin falls below $88,000, total long liquidation strength on major CEXs will reach $617 million; if Ethereum breaks above $3,200, total short liquidation strength on major CEXs will reach $764 million.