On December 1, Bitfarms Ltd., a Bitcoin mining company listed on Nasdaq, announced its monthly update for November 2023. The company mined 392 BTC and sold 350 BTC last month. It is expected that the operating capacity in H1 2024 will increase by 29% and the computing power will increase by 88%.

According to Coinglass data, the open position of Bitcoin futures contracts on Binance has increased to 114,200 BTC (approximately $4.413 billion), surpassing the open position of CME contracts (108,900 BTC, approximately $4.21 billion) and becoming the largest Bitcoin futures trading platform once again.

Glassnode data shows that over 37,000 bitcoins (worth $1.4 billion) have flowed out of trading platforms since November 17th.

According to on-chain analyst Yu Jin's monitoring, a whale withdrew 980 BTC ($37.5 million USD) from Binance one hour ago. This address has withdrawn a total of 2,380 BTC ($90.78 million USD) from Binance in the past three days. The whale currently holds a total of 2,431 BTC ($93.05 million USD) with an average cost of $37,985 USD.

According to blockchain data tracking service Whale Alert, at around 15:33 Beijing time today, 980 BTC (worth about $37,533,232) was transferred from Binance to an unknown wallet.

According to a report by Matrixport, Bitcoin is expected to reach $63,140 in April 2024 and $125,000 by the end of 2024. Matrixport attributes this trend to historical trends, halving of mining rewards, favorable geopolitical and macroeconomic factors, and expects a sustained three-year bull market to emerge.

OKX market shows that BTC has once again broken through 38,000 USDT, currently reporting 38,005.1 USDT, with a 24-hour increase of 1.02%.

Hong Kong-listed company BC Technology announced that its licensed virtual asset trading platform OSL has expanded its cooperation with Victory Securities to the Hong Kong retail market. BC Technology stated that Victory Securities is the first licensed corporation in Hong Kong approved by the Securities and Futures Commission to provide virtual asset trading and advisory services to retail investors. Previously, the cooperation between the two parties was limited to professional investors. Currently, Victory Securities will support Hong Kong retail customers to trade virtual assets such as Bitcoin (BTC) and Ethereum (ETH) through the OSL platform.

According to a memo released this week, the US Securities and Exchange Commission (SEC) is in official contact with asset management companies before making a decision on whether to approve a Bitcoin ETF. The regulatory agency stated in a memo that it met with Grayscale on Thursday to discuss the potential conversion of its Bitcoin Trust fund into an ETF. SEC officials also met with representatives from BlackRock and Nasdaq. While the SEC may still decide to block crypto ETFs, many industry experts expect such funds to launch in the US early next year. In recent months, the regulatory agency has delayed decisions on several Bitcoin funds and may choose to approve or reject all applications around the same time.

According to a report released by Grayscale, as of November 6th, 2023, approximately 74% of Bitcoin addresses hold less than 0.01 BTC, which is worth around $350. Only 2.3% of Bitcoin owners have 1 BTC or more (as of November 6th, 2023, each Bitcoin was worth around $35,000). Additionally, as of November 6th, 2023, the top five Bitcoin holders are either cryptocurrency exchanges or government entities.

MicroStrategy, a business intelligence firm, has purchased 16,130 Bitcoin in November for approximately $593.3 million, at a price of $36,785 per Bitcoin. This brings the company's total Bitcoin holdings to 174,530, worth roughly $6.6 billion at the time of publication. MicroStrategy has consistently been purchasing large volumes of Bitcoin since adopting it as its treasury reserve asset in August 2020 and reported a gain of $900 million for its Bitcoin holdings in Q3 of 2023.

According to The Data Nerd, since November 28th, the whale address starting with 157hv has accumulated a total of 10,796 BTC ($401 million) at an average price of $37,208. This whale is the 71st largest holder of Bitcoin and currently has an unrealized profit of $11.2 million.

As monitored by The Data Nerd, a new whale address starting with "157hv" has accumulated a total of 10,796 BTC (approximately $401 million) at an average price of $37,208 since November 28th. Currently, they are the 71st largest holder of BTC with unrealized profits of $11.2 million.

According to [email protected] monitoring, 29,000 BTC options are about to expire with a Put Call Ratio of 0.58, a maximum pain point of $37,000, and a nominal value of $1.13 billion.23,000 ETH options are about to expire with a Put Call Ratio of 0.49, a maximum pain point of $2,100, and a nominal value of $470 million.<br>Cryptocurrency volatility has significantly decreased this week. After last week's monthly settlement, BTC has hit $38,000 three times in a row but ultimately failed to hold.

Saturn, a non-custodial P2P order book service provider for Bitcoin, announced the completion of over $500,000 in Pre-Seed funding, with Big Brain Holdings leading the investment and participation from UTXO Management, Kelsier Ventures, BOOGLE Syndicate, and a group of Web3 angel investors. Saturn mainly provides small-scale Bitcoin P2P order book trading services based on "satoshis" as units. Its wallet tools can protect and manage users' small-scale Bitcoin funds, and the new funds will be used to develop new infrastructure to provide users with an on-chain token experience similar to Ethereum and Solana.

On November 30th, Deribit data shows that BTC options with a nominal value of over $1.12 billion and ETH options with a nominal value of over $469 million will expire and be delivered on Friday, December 1st. The maximum pain point price for BTC is $37,000 and for ETH it is $2,100.

According to BTC.com data, on November 30th, BlockBeats reported that the total network transaction fee for Bitcoin was only 63.6 BTC yesterday, a decrease of 79.9% compared to the total network transaction fee of 317.4 BTC on November 16th.

On November 30th, according to the report "Uncovering Bitcoin Ownership Patterns" released by Grayscale Research, as of November 6th, 2023, about 74% of Bitcoin addresses hold less than 0.01 BTC, which is approximately equivalent to $350. Only a small portion (2.3%) of Bitcoin holders own more than one Bitcoin.

According to on-chain browser data from BlockBeats on November 30, a Bitcoin whale address that had been dormant for nearly 4 years transferred all 3623 BTC at 09:01:48 today, with a current market value of approximately $100 million in profit.

Bitcoin ABC announced on X platform that Bitcoin ABC 0.28.4 has been released. This version reduces the duration of the avalanche bootstrapping needed for subsequent restarts and fixes the seeder.