1.5 million ETH will be unstaked, the Whale is crazily selling 50,000 BTC, is the market trend about to change?

[Coin World] The Ethereum staking market is about to see significant movement. Data shows that around 1.5 million ETH is set to be released from staking status by the end of December, which is quite a substantial amount. Meanwhile, Vitalik Buterin has recently spoken out, expressing his hope that Zcash can withstand the pressure and not be thrown off track by the token voting trap.

There are also new developments on the exchange side. Upbit plans to gradually resume deposit and withdrawal functions starting December 1, which is a relief for users. Another leading platform has launched Alpha points rewards— as long as you hold at least 245 points, you can receive an airdrop of 500 SQD Tokens, giving the opportunistic players something to do again.

Whale movements have been quite intense lately. In the past week, large holders have been疯狂 selling, directly dumping over 50,000 BTC, which amounts to about $4.6 billion at the current price. In contrast, Nasdaq-listed company Prenetics is taking the opposite approach, with their latest disclosure showing an increase in BTC holdings to 504 coins.

News from the regulatory side: Tianfeng Securities has been investigated by the Securities Regulatory Commission, but its Hong Kong subsidiary has received approval for virtual asset trading services. Vitalik Buterin also discussed an interesting topic, saying that Meme culture is reshaping English expression, and the English internet is nearing the formation of its own “idiom system.”

There was a situation on JAN3's side, and the CEO confirmed that Dolphin Cards have been suspended, but emphasized the safety of user funds, and users in the testing phase will receive refunds. The co-founder of HyperLiquid also came out to clarify that they have not engaged in any external financing, so there is no such thing as investors unlocking HYPE tokens.

Arthur Hayes recently gave advice to the project Maelstrom he invested in, urging them to release all the tokens quickly; however, the project team has not yet responded. BlackRock, on the other hand, remains calm, stating that the $2.34 billion outflow from IBIT this month is just a normal adjustment, and they are still optimistic about the growth potential of spot ETFs in the long term.

There are also brutal cases in the market. A trader's long position on MON was completely liquidated, resulting in a direct loss of 1.9 million dollars. Analysts believe that the price of BTC may not recover until Q1 of next year, and the current trend is strikingly similar to the bear market of 2022. Recently, Brother Ma opened a 10x leverage long position on ZEC, and his overall position value has now surpassed 30 million dollars.