「1.2M Principal MON Long」 position is at 117% unrealized gain, and further added to the position with HYPE and ZEC longs.

November 27th. On-chain data analyst Murphy disclosed an analysis indicating that following a fierce panic sell-off, BTC witnessed a rebound. The market is focusing on the $99,000 historical fair price line, which represents the average premium of BTC in relation to its historical average buy-in price. During the transition phase between the previous two cycle bear-bull transformations, BTC rebounded several times after falling below the fair price line but failed to effectively regain it, ultimately entering a deep bear phase. The current selling pressure stems from two aspects. Firstly, the pressure from short-term trapped chips at high levels is forcing a capitulation exit, heightening the market's panic sentiment. A significant panic sell-off was observed on the 21st. Secondly, there is selling from long-term profit-taking chips. Even though BTC has retraced more than 30% from its high point, for most long-term holders, they still hold a considerable amount of unrealized gains.

On November 27th, as monitored by Farside Investors, the net inflow of the US Ethereum spot ETF yesterday was $60.8 million, indicating that it was the fourth consecutive day of net inflows. Among them, the net inflow of the BlackRock ETHA was $50.2 million.

On November 27th, as monitored by Farside Investors, yesterday the net inflow of the US Bitcoin spot ETF was $21.1 million, indicating that it was the second consecutive day of net inflow. Among them, the BlackRock IBIT had a net inflow of $42.8 million, while the FBTC had a net outflow of $33.3 million.

On November 27th, Tether provided the latest update regarding the phased discontinuation of EUR? trading. As of today, the redemption of EUR? on all supported blockchains will come to an end. On November 27, 2024, Tether announced its intention to stop providing support for the Euro-backed stablecoin EUR?, halt the creation of EUR?, and no longer accept new requests for EUR? issuance. Tether stated that this decision is in line with its broader strategic direction, taking into account the evolving regulatory landscape for stablecoins in the European market. Tether will focus on supporting new projects, such as the launch of compliant stablecoins EURQ and USDQ.

On November 27th, Cathie Wood, the founder of ARK Invest, stated that the current liquidity squeeze affecting the artificial intelligence and cryptocurrency space will reverse in the next few weeks. The market appears to be in agreement with this view, and artificial intelligence is not in a bubble state.

On November 27th, Tom Lee, the chairman and CEO of BitMine, commented on the news that "Tether's quarterly purchase of gold exceeded that of many central banks" and said: "The stablecoin issuer in the crypto field is the world's largest gold buyer and has been the sole factor driving up the price since the early 2026. This trend will continue to push the gold price higher starting from the early 2026, which is definitely not bearish for Bitcoin. On the contrary, it indicates that the price of Bitcoin will also rise in the future."