Investors

Ethereum slid about 6% in the past 24 hours, dropping under the $3,000 level as long-term holders realized profits. The pullback has paused recent recovery momentum and put focus back on near-term support.

MicroStrategy CEO Phong Le said on Nov. 30 the company would only sell Bitcoin if its stock traded below its market net asset value (mNAV) and other funding avenues dried up, insisting any sale would be driven purely by financial necessity.

Short-term holders have sold 29,400 BTC at a loss while long-term holders distributed 815,000 BTC over the past month; on-chain analysts say this looks like profit-taking, not capitulation.

XRP tumbled more than 7% in a single day, sliding from about $2.50 toward $2 despite the debut of the first spot XRP ETF. Market participants point to profit-taking, ETF mechanics and wider risk-off sentiment as likely drivers.

U.S.-listed spot bitcoin ETFs recorded $869.86 million in outflows on Thursday, marking the second-largest daily redemption on record, according to SoSoValue. The move underscores weakening short-term demand for BTC via the ETF channel.

Bitwise’s newly approved Solana Staking ETF drew heavy inflows in its first week, with estimates ranging from $500 million to over $1 billion, even as SOL’s price softened. The flows suggest demand for staking exposure despite near-term volatility.

Fidelity’s Chris Kuiper says holders who have kept Bitcoin for a year or more appear to be the dominant sellers in the current market. That shift in who is selling could affect supply dynamics and price stability for BTC.

ETF flows rose about $40 billion over five trading days as investors poured back into equities, signaling renewed risk appetite. Bitcoin ETFs flipped to net inflows, marking a return of crypto allocations.