December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
#DecemberMarketOutlook Spot Bitcoin ETF experiences a $3.5 Billion earthquake! The largest outflow of the last nine months occurred!
The US Spot Bitcoin ETFs saw a net outflow of $3.5 billion in November. This outflow was the largest in the last 9 months.
Bitcoin (BTC) experienced sharp declines in October and November. While a recovery began at the end of November, it did not continue.
After recovering, Bitcoin rose to over 91 thousand dollars, but it entered December with a decline and fell to the 86 thousand dollar level.
This sharp decline in Bitcoin has also negatively impacted the US Spot ETFs, while the spot Bitcoin ETFs recorded a net outflow of 3.5 billion dollars in November.
This ETF outflow has become the largest in the last 9 months.
According to a report by The Block, spot Bitcoin ETFs experienced net outflows for four consecutive weeks, totaling $3.5 billion in outflows throughout the month.
However, towards the end of the month, ETF funds partially balanced the exit trend by experiencing inflows for three consecutive days.
BlackRock's Bitcoin ETF IBIT fund led the outflows in November with a net outflow of $2.34 billion.
IBIT saw its largest single-day outflow since it started trading on the 18th of last month, with an outflow of 523 million Dollars.
LVRG Research President Nick Ruck stated that the exit trend is due to institutions making profits after Bitcoin reached a new record level and rebalancing their portfolios for the year-end. He also added that this activity does not affect the underlying fundamentals of Bitcoin.
Withdrawals Continue on Ethereum!
Additionally, spot Ethereum (ETH) ETFs recorded their highest net outflow to date. According to the data, it recorded a net outflow of 1.42 billion Dollar.
In contrast, newly launched altcoin ETFs such as Solana (SOL) and XRP have continued to record net inflows since their launch date.
IT IS NOT INVESTMENT ADVICE$BTC $GT $ETH $#