Daily Digest: ETH ETF daily inflow exceeds 330 million, creating historical record, BTCD drops significantly and funds flow into altcoin.

According to Farside Investor data, the net inflow of Spot BTC ETF in the United States last Friday was 320 million dollars. Among them, BlackRock IBIT had an inflow of 137 million dollars, and Fidelity FBTC had a net inflow of 106 million dollars.

Last Friday, the US ETH Spot ETF saw a large inflow of $332 million. Among them, BlackRock's ETHA had an inflow of $250 million, while Fidelity's FETH had a net inflow of $79 million.

BTC market dominance fell to 56.75%, the total Market Cap of altcoins surged nearly 70% unilaterally in November.

According to TradingView data, BTC dominance (BTC.D) has fallen to 56.75%, a decrease of 8.15% since the top of this bull market (61.78% on November 21).

In addition, since November 5th, the total market value of encryption excluding BTC (TOTAL2) has experienced a unilateral pump market. After bottoming at 856.1 billion US dollars on November 5th, it pumped by about 70%, now standing at 1.46 trillion US dollars.

This week's unlocking data overview: 135 million JTOs will be unlocked at 0:00 on December 8th, exceeding the current total circulation.

According to Tokenomist.ai data, JTO, ENA, and ADA will experience significant unlocks next week. Among them, Ethena (ENA) will unlock approximately 12.86 million tokens at 15:00 Beijing time on December 4th, accounting for 0.45% of the current circulation and worth about $10.58 million. Cardano (ADA) will unlock approximately 18.53 million tokens at 08:00 Beijing time on December 6th, accounting for 0.05% of the current circulation and worth about $21.49 million. Jito (JTO) will unlock approximately 135 million tokens at 00:00 Beijing time on December 8th, accounting for 103% of the current circulation and worth about $507 million.

CryptoQuant Analyst: XRP pump accompanied by increased contract holdings, easy to trigger a certain pullback

CryptoQuant analyst Maartunn posted on social media that the current pump of XRP is accompanied by a surge in contract holdings, similar events in the past have caused a 17% price pullback. Investors need to pay attention to the volatility, stay sharp, and manage the risk accordingly.

According to Coinglass data, as of the time of writing, the total XRP Holdings on the entire network has exceeded $4 billion, temporarily reported as $4.181 billion ($1.747 billion XRP), with a 24-hour total Holdings pump of 27% (price pump of 29.2%).

Market Analysis: The old coins DASH, LTC surged, and ETH performed very strongly

Market Hotspots

The old coins LTC, DASH, ALGO, and others have surged. LTC and DASH are both POW coins that have experienced several bull and bear cycles. The market has seen capital overflow and the phenomenon of zone rotation has begun; ALGO is also an old public chain project, with a cumulative increase of over 300% since November, but the project has not introduced new products or ecological incentives, only market sentiment speculation;

HYPE skyrocketed. Last week, HYPE announced the largest Token Airdrop in the history of the blockchain, airdropping over 30% of HYPE Tokens to users. HYPE has been pumping from $3 to above $9.5 since its launch. HYPE is the native token of Hyperliquid, which is both a layer1 public chain and an on-chain DEX.

Market Trends

BTC is performing strongly, breaking through $98,000 this morning. BTCD has dropped significantly in the past week, with possible outflows of funds into AltCoins.

ETH has shown strong performance returning to above $3700, ETH/BTC hit a Rebound at the bottom, and the fund inflow of ETH ETF exceeded that of BTC ETF for the first time on Friday, with a single-day inflow of $332 million, also setting a record for ETH ETF inflows;

Alts are generally pumping, established coins are also pumping, XRP has pumped over 300% since November, and XRP is back to the third in Market Cap.

Macro News: The three major U.S. stock indexes collectively pump, and non-farm data remains the key focus.

Last Friday, the three major indices collectively saw a rise, with the Dow rising by 0.42%, the S&P 500 rising by 0.56%, both hitting historical records, and the Nasdaq rising by 0.83%. Looking at the weekly performance, all three major U.S. indices rose, with the Dow, S&P 500, and Nasdaq up by 1.39%, 1.06%, and 1.13% respectively. In terms of monthly performance, the Dow rose by 7.54%, the S&P 500 rose by 5.73%, both achieving the largest monthly rise so far this year, and the Nasdaq rose by 6.21%.

The annual rise of the three major stock indices is quite impressive. As of November 29th, the Nasdaq has risen by 28.02%, the S&P 500 has risen by 26.47%, and the Dow Jones has risen by 19.16%. If the S&P 500 continues to rise at the end of the year, it will break through a rise of 29.60%, setting a record for the highest rise since the 21st century.

In the short term, the Fed's interest rate decision still depends on data, and non-farm employment data is still the most important variable followed by the Fed when there is no significant upward risk of short-term inflation. Next year will depend on the specific policies of Trump, the smoothness of their implementation, and their impact on inflation, with high uncertainty.

Author: icing, Gate.io Researcher *This article represents only the author's opinion and does not constitute any trading advice. Investment involves risks, and decisions should be made with caution. *This article is original and the copyright belongs to Gate.io. Please indicate the author and source when reprinting, otherwise legal liability will be pursued.