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According to Jinse Finance, Dune data shows that the total on-chain holdings of US spot bitcoin ETFs have surpassed 1.3 million BTC, currently reaching approximately 1.321 million BTC, accounting for 6.62% of the current BTC supply. The on-chain holding value has reached about $134.2 billion.

BlockBeats News, November 29, according to DL News, investment institutions have already poured nearly $25 billion into crypto companies in 2025, representing an increase of more than 150% compared to last year and far exceeding market expectations.

This year, leading institutions participating in deals include tech-focused Paradigm and Sequoia Capital, as well as Wall Street giants BlackRock, JPMorgan, and Goldman Sachs. According to DefiLlama data, the hottest sectors are: centralized trading platforms (raising $4.4 billion), prediction markets (raising $3.2 billion), and DeFi platforms (raising $2.9 billion).

Jordan Knecht, Head of Institutional Strategy at blockchain services company GlobalStake, pointed out: "Projects attracting capital today must meet regulatory transparency, operational resilience, and be able to connect with traditional financial institutions and their standards. In a volatile market, investors prefer to build compliance-first, sustainable business models to lay a long-term foundation for the asset class."

Charles Chong, Vice President of Strategy at crypto-native consulting firm BlockSpaceForce, stated: "The environment for crypto startups is shifting, with funds now flowing to mature players whose revenues and unit economics can support their valuations. This is not a sign of market weakness, but rather a reflection of market normalization and maturation. Fundraising is becoming more rational, more focused on fundamentals, and less driven by reflexive speculation."

Georgii Verbitskii, founder of crypto investment firm TYMIO, believes: "The crypto market is following the same pattern as other technology cycles—in all major tech cycles, capital always flows first into underlying infrastructure, and only later into consumer-facing applications."

BlockBeats News, November 29, according to monitoring by Farside Investors, the net inflow of US spot Ethereum ETFs yesterday was $76.6 million, including:

BlackRock ETHA: + $68.3 million

Grayscale ETHE: + $8.3 million

BlockBeats News, November 30 — This week, due to the impact of the Thanksgiving holiday in the United States, market trading volume has remained very low, which is a typical feature of Thanksgiving trading. However, as the CME "pulled the plug" on Friday due to a data center failure, spot gold and silver experienced significant volatility and continued to rise after futures prices resumed quoting. Gold prices surged nearly $150 this week, returning above $4,200. In terms of data, the U.S. September PPI and retail sales data performed poorly, and the weekly private sector employment data released by ADP was also quite weak.

At 09:00 on Tuesday, Federal Reserve Chairman Powell will deliver a speech at a commemorative event;

At 23:00 on Tuesday, Federal Reserve Governor Bowman will testify before the House Committee.

At 21:15 on Wednesday, U.S. November ADP employment numbers;

At 21:30 on Wednesday, U.S. September Import Price Index MoM;

At 22:15 on Wednesday, U.S. September Industrial Production MoM;

At 22:45 on Wednesday, U.S. November S&P Global Services PMI final reading;

At 23:00 on Wednesday, U.S. November ISM Non-Manufacturing PMI;

At 21:30 on Thursday, U.S. Initial Jobless Claims for the week ending November 29;

At 23:00 on Friday, U.S. December one-year inflation expectations preliminary reading, December University of Michigan Consumer Sentiment Index preliminary reading, September Core PCE Price Index YoY, September Personal Spending MoM, September Core PCE Price Index MoM.

If November services activity grows healthily again, it will support the hawks within the Federal Reserve, while a sudden drop to 50.0 or below would support the case for an immediate rate cut. Equally important is next Wednesday's ADP employment report. The official November nonfarm payrolls report will not be released until December 16, and with the October report canceled, the ADP private sector employment survey will provide an important update on the labor market.

BlockBeats News, November 29, according to Cointelegraph, after several weeks of strong selling, bitcoin may be forming a short-term bottom. A market analyst believes that market conditions are now in place to support a rebound in bitcoin toward the $100,000–$110,000 range.

Trader Mister Crypto stated that bitcoin's short-term structure is showing signs of stabilization, following what he described as "capitulation selling" in the market. He pointed out that indicators related to trader behavior show that as market sentiment fell into the extreme fear zone, major players have started to open new long positions. Historically, this combination often signals a rebound during downturns. One of the main technical signals he cited is the RSI (Relative Strength Index) on bitcoin's weekly chart, which is currently approaching the 30 level. He said: "We are seeing the bottom for bitcoin right here. RSI is already close to 30. Boom (bottomed out)."

The analyst noted that in previous cycles, this area has often closely coincided with market bottoms. Although he cautioned that this does not guarantee a new bull market has begun, it usually indicates that at least a short-term reversal will occur. Another factor supporting the rebound view is the current distance between bitcoin and the 50-week moving average (around $102,000). According to the analysis, in past cycles, after bitcoin fell below this moving average, there were multiple instances of price pulling back to this level. The current expectation is that bitcoin may rebound, pushing the price back into the six-figure range, before potentially experiencing a deeper trend in the future.

The macro environment has also added to the optimism in the short term. He pointed out that the market expects quantitative tightening (QT) may be coming to an end, and there is speculation that another rate cut may be announced at the upcoming monetary policy meeting. Both developments tend to ease financial conditions, which is favorable for risk assets such as bitcoin.

BlockBeats News, November 29, according to Coinglass data, in the past 24 hours, the total liquidations across the network reached 159 million US dollars, with long positions liquidated for 121 million US dollars and short positions liquidated for 38.15 million US dollars.

In the past 24 hours, a total of 84,258 people were liquidated globally, with the largest single liquidation occurring on a certain exchange - BTC-USDT-SWAP, valued at 2.3577 million US dollars.

According to Jinse Finance, official data from BlackRock shows that as of November 26, the market value of IBIT holdings reached $68,287,095,164.17, with a holding amount of 777,722.8 BTC.

BlockBeats News, on November 29, from the evening of November 27 to the morning of November 28 local time, a key data center used by the Chicago Mercantile Exchange Group in the United States suspended service for more than 10 hours due to overheating. Reportedly, this critical data center is located in Aurora, a western suburb of Chicago. After the air conditioning equipment in the data center malfunctioned, the temperature rose to nearly 49 degrees Celsius, exceeding the maximum temperature stipulated by U.S. industry regulations by about 48%, resulting in the service outage.

It is currently unclear why CME did not activate its backup data center in the New York area. Some sources speculate that the possible reason is that major traders quoted on CME lack sufficient technical infrastructure at the backup data center, and therefore prefer to wait for the Aurora outage to be resolved. (Golden Ten Data)