Analysis: Bitcoin Indicators Show Profit-Taking Phase Fading, Seller Pressure Nearing Exhaustion

On December 6, market data shows POWER rallied 40% in the short term, driven by its listing on Binance USD-M Futures. As of press time, the token is trading at $0.1637, with a market capitalization of $34.39 million.

On December 6, per official sources, Binance will launch perpetual contract trading for Power Protocol (POWER) with U-based settlement at 17:00 Beijing time, offering up to 20x leverage.

December 6 – Pakistan’s Ministry of Finance hosted a consultation on the country’s national digital asset framework Wednesday, with top officials from the State Bank of Pakistan, CEOs of Pakistan’s major banks, and Binance Co-CEO Richard Teng in attendance. The discussion centered on Pakistan’s next steps to build a secure, transparent, innovation-focused digital asset ecosystem. Key topics included advancing responsible on/off-ramp infrastructure, strengthening anti-money laundering (AML) and counter-terrorism financing (CTF) compliance standards, and boosting transparency in the digital asset market.

On December 6, Decrypt reported that an Indiana lawmaker introduced legislation Thursday aimed at expanding ways for state residents to access digital assets—while barring local governments from passing rules that could restrict cryptocurrency use. The bill would require public employee retirement and savings plans to offer a cryptocurrency ETF as an investment option. Additionally, the measure would mandate that local governments refrain from enacting rules that "unreasonably" limit digital asset use for payments, cryptocurrency mining, or personal asset protection. The legislation has been referred to the Indiana House Committee on Financial Institutions.

December 6th, 202X Pundi AI announced today that its core feature, Data Pump, has officially launched on Binance Wallet—letting millions of users directly create, tokenize, and trade AI datasets on-chain. This no-code tool simplifies entry into the decentralized AI economy, aligning with Pundi AI’s core vision: empowering everyone to contribute to AI development, own data as an asset, and earn fair rewards for their participation. Data Pump enables dataset owners holding Access NFTs to convert high-quality AI data into tradable Dataset Tokens (DTOK) and trade them on decentralized exchanges like PancakeSwap. Thanks to Binance Wallet integration, users can connect their wallet, join data projects, participate in seed rounds, and claim rewards in just a few steps. Pundi AI founder Zac Cheah stated: “Data Pump makes engaging with the AI economy as simple as swapping tokens. With Binance Wallet’s support, we’re turning data into a community-shared resource—every contribution is

**December 6th Update** Per monitoring from Farside Investors, U.S. Bitcoin spot ETFs posted net inflows of $54.8 million yesterday. Key fund-level data follows: - BlackRock IBIT: Net outflow of $32.5 million - Fidelity FBTC: Net inflow of $27.3 million - Bitwise BITB: Net inflow of $4.9 million - ARK ARKB: Net inflow of $42.8 million - VanEck HODL: Net inflow of $11.4 million - WisdomTree BTCW: Net inflow of $0.9 million Separately, U.S. Ethereum spot ETFs recorded net outflows of $75.2 million yesterday. Only BlackRock’s ETHA ETF has publicly available net flow data for the Ethereum spot ETF category.