Bitget Daily Briefing (December 1) | $478 million in long positions liquidated across the network in the past 24 hours; Spot Chainlink ETF expected to launch this week; 55.54 million SUI unlocked today

Today's Outlook

1. Bank of Japan Governor Kazuo Ueda signals interest rate hike, stating that inflation trends are close to the target.
2. Spot silver breaks $57 per ounce for the first time in history, up 1.34% on the day.
3. Hassett: Would be very willing to serve as Fed Chair if nominated by Trump.

Macro & Hot Topics

1. U.S. President Trump: I know who I want to choose as Fed Chair, and I will announce it soon.
2. Wall Street Insights: Analysts from Goldman Sachs' Fixed Income, Currency and Commodities (FICC) division believe that a rate cut by the Fed at the upcoming December meeting has become almost a certainty.
3. Economic analyst Timothy Peterson: The current Bitcoin trend is highly similar to the 2022 bear market, with an 80% correlation on the daily chart and a 98% correlation on the monthly chart compared to 2022. If history repeats itself, a real recovery in Bitcoin prices may not occur until the first quarter of next year.

Market Trends

1. In the past 24 hours, the cryptocurrency market experienced a total liquidation of $546 million, with $478 million in long positions liquidated. BTC liquidation amounted to $156 million, ETH $141 million, SOL $31 million, and ZEC $15 million.
2. U.S. stocks: Dow Jones up 0.61%, S&P 500 up 0.54%, Nasdaq Composite up 0.65%.
   
3. Bitget BTC/USDT liquidation map shows: BTC current price at $87,337 is near the lower edge of a high-leverage long position zone; if it continues to decline, longs in the $87,100--$88,000 range will face concentrated liquidation risks. The $88,400--$92,500 range has accumulated a large number of high-leverage short positions, which could trigger a series of short liquidations and push prices up if the price breaks above.
   
4. In the past 24 hours, BTC spot inflow was $663 million, outflow was $839 million, resulting in a net outflow of $176 million.
   

News Updates

1. Tether CEO: S&P may intend to target Tether, currently holding U.S. Treasury bonds generating about $500 million in monthly income.
2. Strategy CEO: Will only sell Bitcoin if mNAV falls below 1 and no new funds are available.
3. Vitalik Buterin: Hopes Zcash can resist the influence of dark forces like token voting; token voting is bad in every way, even worse than the current state of Zcash, and if ordinary token holders are allowed to take control, privacy will gradually erode over time.

Project Progress

1. Grayscale submits LINK trust S-1 amendment, spot Chainlink ETF expected to launch this week.
2. Telegram founder Pavel Durov: The decentralized confidential computing network Cocoon based on TON and the Telegram ecosystem has officially launched, with the first batch of AI requests processed through Cocoon, achieving 100% privacy protection.
3. Rayls conducts TGE today.
4. Yesterday, Michael Saylor released Bitcoin Tracker information again, and may disclose increased holdings next week.
5. The behavior-based proof-of-contribution protocol OracleX reconstructs the prediction market and is globally tested on December 1.
6. Sui (SUI) has unlocked approximately 55.54 million tokens today, accounting for 0.56% of the total supply, valued at about $85 million.
7. Santos FC Fan Token (SANTOS) has unlocked approximately 5.7 million tokens today, accounting for 19% of the total supply, valued at about $12.7 million.
8. Walrus (WAL) has unlocked approximately 32.7 million tokens today, accounting for 0.65% of the total supply, valued at about $5.5 million.
9. Yearn yETH was attacked, with approximately $3 million in ETH flowing into Tornado Cash.
10. Data: Approximately 1.5 million ETH are expected to exit staking by the end of December.
    **Disclaimer: This report is generated by AI, with human verification for information only and not intended as investment advice.