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 This address has withdrawn a total of 2,380 BTC ($90.78 million USD) from Binance in the past three days.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.