Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

On November 27th, as per The Block and based on data from GasLimit.pics, the block Gas limit of Ethereum has been raised from 45 million to 60 million following the call by users and developers for capacity expansion. Ethereum Foundation researcher Toni Wahrst?tter announced this adjustment on the X platform, deeming it the outcome of a year-long community endeavor to enhance the base layer processing capacity of Ethereum. He stated: "Just a year after the community began advocating for an increase in the Gas limit, Ethereum is now functioning under a 60 million block Gas limit. This indicates a doubling within a year - and this is just the outset." The adjustment came into effect automatically on November 25th as more than half of the validators signaled their support, fulfilling the required threshold for approval under Ethereum's current consensus rules.

On November 27th, according to Bloomberg, although Bitcoin has experienced a retracement of up to 36% from its all-time high set in early October, the implied volatility of the cryptocurrency remains at a relatively controlled level. This change indicates that as Bitcoin gradually moves towards institutionalization, its risk transmission mechanism is being reconfigured. In the early stage, Bitcoin's value was mainly driven by speculative traders who aimed to profit from its frequent and large price fluctuations. The derivatives market as a whole is showing a reversal of bearish sentiment. According to Coinglass data, the demand for long positions in Bitcoin perpetual contracts, a high-leverage trading market commonly used by cryptocurrency traders, is currently on the rise, while the open interest size is at a relatively moderate level. The funding rates of these contracts have turned positive, suggesting that after falling into negative territory earlier this week, bullish bets have

Update, on November 27th. Based on the monitoring of Onchain Lens, a whale initiated an 18x leveraged long position on BTC after being silent for 18 months. The unrealized PNL of this position has now reached $4.39 million. Position details are as follows: · Position Value: $56.7 million · Entry Price: $84,306 · Liquidation Price: $78,642

On November 27th, based on CME's "FedWatch" data, the likelihood of the Fed cutting rates by 25 basis points in December is 85.1%, while the probability of rates remaining unchanged is 14.9%.

On November 27th, according to Coinglass data, Coinbase's Bitcoin Premium Index has been in a negative premium for 28 consecutive days and is currently narrowing to 0.018%. BlockBeats Note: The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream U.S. exchange) and the global market average price. This index is an important indicator for observing U.S. market capital inflows, institutional investment enthusiasm, and market sentiment changes. A positive premium indicates that the Coinbase price is higher than the global average, usually suggesting: strong buying pressure in the U.S. market, institutions or compliant funds actively entering the market, abundant USD liquidity, and a tendency towards optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, usually reflecting: significant selling pressure in the U.S. market, a decrease in investor risk appetite, a

Update: On November 27th, based on the monitoring of Onchain Lens, the Government of Bhutan transferred 320 ETH to Figment for staking (with a value of $970,000).