Bitcoin whipsawed from $89k to $87k and then to $91k within a single four-hour candle, putting the $90k threshold in focus. Analysts said $171 million in long positions and $71 million in shorts were liquidated in that window, with nearly $500 million erased over 24 hours. Open interest has fallen $30 billion from a $94 billion October peak, signaling deliberate de-risking.

BitMine (BMNR) accumulated 2.44 million Ethereum tokens during Q3 2025, expanding its treasury by 1,495% as ETH climbed to $4,900. The company added another 900,000 ETH in Q4, yet Ethereum declined 26% despite continued institutional purchases.

The altcoin market displays potential bottom signals amid Bitcoin's consolidation phase. Open Interest across non-BTC/ETH assets climbed 1.85% to $17 billion. A trader opened a $300 million leveraged position across ETH, XRP, and HYPE, currently facing $20.64 million in unrealized losses.

Vanguard Group reversed its crypto stance on December 2, opening its platform to digital asset ETFs including Solana. SOL trades near $135, down 28% year-to-date, marking its worst annual performance since 2022. Despite price weakness, Solana's network processes 798.5 transactions per second with 12.8-second finality.

The cryptocurrency market lost $160 billion in value as Bitcoin dropped 4.3% to $86,000, triggering $637 million in liquidations with long positions accounting for 90% of the total. Data show MicroStrategy's market-to-net-asset value fell to 0.97× on November 22, with investors effectively paying less than $1 for each $1 of Bitcoin held by the company.

Large Bitcoin holders have repositioned after Q4 liquidations erased billions in market value. Data show whale outflows increased across BTC and XRP, while some investors opened leveraged short positions worth hundreds of millions during the downturn. On-chain metrics suggest accumulation activity may resume in the $85,000–$90,000 range.

Bitcoin Capital listed a BONK exchange-traded product on Switzerland's SIX exchange, extending institutional memecoin adoption following Dogecoin's U.S. ETF debut in September. BONK gained 9.24% over the week, outperforming Bitcoin and posting its first weekly advance after five consecutive declines totaling approximately 30%.

Solana's stablecoin supply increased 10% over the past week, adding nearly $1.3 billion in liquidity and bringing the total to $14.33 billion, data show. The network recorded 11.1 million weekly active users compared to Ethereum's 2.6 million. Memecoin trading now represents just 5% of daily DEX volume, the lowest share in two months.

Ethereum is trading at $3,000 with an MVRV ratio of 1.27, reflecting neutral market conditions. The network increased its block gas limit to 60 million from 45 million, while staking inflows rose by 160,000 ETH over the past ten days ahead of the December 3 Fusaka upgrade.