Yesterday, the US Bitcoin Spot ETF saw a net outflow of $14.9 million

Update: The Nikkei 225 Index posted a 2.00% daily gain on December 4, per market data.

**December 4th Update** Farside Investors monitoring reveals U.S. Solana spot ETFs recorded a net outflow of $32.9 million yesterday, with the following breakdown: - Bitwise BSOL: +$5.6 million - Fidelity FSOL: +$1.7 million - 21Shares TSOL: -$41.8 million - Grayscale GSOL: +$1.6 million This structure aligns with U.S. financial快讯 conventions—concise, clear bullet points for breakdowns, and active verbs ("reveals," "recorded") that emphasize data transparency.

On December 4, Farside Investors reported that U.S. Ethereum spot ETFs recorded a net inflow of $140 million yesterday, with the following breakdown: - BlackRock ETHA: +$53 million - Fidelity FETH: +$34.4 million - Bitwise ETHW: +$4.5 million - Grayscale ETHE: +$27.6 million - Grayscale Ethereum Trust: +$20.7 million

As of December 4th, Coinglass data indicates: If Bitcoin **breaks above $95,000**, total short liquidation pressure across major centralized exchanges (CEXs) will hit $1.051 billion. Conversely, a **drop below $91,000** would trigger $1.368 billion in total long liquidation pressure on those same major CEXs. BlockBeats Note: Liquidation charts do not show the exact number or value of contracts pending liquidation. Instead, their bars reflect how significant each liquidation cluster is relative to nearby clusters—i.e., the intensity of potential price impact when the underlying asset hits that level. A taller bar signals a more pronounced price reaction due to a liquidity cascade at that price point.

On December 4, Whale Alert data shows Circle completed two split transactions on the Solana network in the past five minutes, minting a total of 5 billion USDC.

December 4: Cryptocurrency market research firm Delphi Digital took to social media to note that the Federal Reserve’s interest rate path for next year is the clearest it’s been in years. A 25-basis-point rate cut is anticipated in December 2025, bringing the federal funds rate to roughly 3.5%-3.75%. The forward curve points to at least three additional rate cuts in 2026, with rates expected to fall to around 3% by year-end. But rate cuts are only part of the picture. Quantitative tightening (QT) wrapped up on December 1. The Treasury General Account (TGA) is set to draw down gradually instead of being replenished, and overnight reverse repo (RRP) facilities have been fully drained. Together, these factors have created the first liquidity-positive environment since early 2022. The Secured Overnight Financing Rate (SOFR) and federal funds rate have fallen to the upper end of the 3% range. Real interest rates have also declined from their 2023-2024 peaks—but this has been a control