「100% Win Rate Whale」 Long Position on SOL Surpasses $11 Million

Dec 19 — The crypto market took another hit overnight. Per HTX market data: - Bitcoin dipped below $85,000 to a low of $84,450, now trading at $85,382 (24-hour drop: 0.68%) - Ethereum briefly fell under $2,800, currently at $2,825 (24-hour decline: 0.02%) - SOL dropped below $120, down 2.81% in 24 hours - Total crypto market cap fell below $3 trillion, now at $2.96 trillion (24-hour decrease: 1.1%) Some altcoins led losses, including: - PUMP: $0.00186 (-11.41% 24h) - GIGGLE: $0.00186 (-11.41% 24h) - AXL: $0.086 (-9.3% 24h) - DOLO: $0.034 (-8.7% 24h) - VELODROME: $0.0197 (-8.8% 24h) U.S. stocks closed higher across the board: - Dow +0.14% - S&P 500 +0.79% - Nasdaq Composite +1.38% Nvidia climbed nearly 2%, Tesla surged over 3%. Trump Media & Technology Group (DJT.O) soared 41.9% after yesterday’s after-hours news that it will merge with TAE Technologies in an all-stock deal (expected to close mid-2026). The merged entity plans to select a site in 2026 an

On December 19, the Nasdaq and New York Stock Exchange (NYSE) announced U.S. stock markets will open as usual on December 24 and 26. Earlier that same day—just hours before the exchanges’ announcement—Donald Trump signed an executive order declaring the U.S. federal government will be closed on those two Christmas-season days.

As of December 19, CME’s FedWatch Tool shows the U.S. Federal Reserve has a 26.6% probability of cutting interest rates by 25 basis points in January 2024, with a 73.4% chance of holding rates steady.

On December 19, U.S. stocks broadly advanced, with the Nasdaq up 2%, the S&P 500 gaining 1.4% and the Dow Jones Industrial Average rising 0.95%, per market data.

Dec. 19: Bitwise has filed an S-1 registration statement for a spot Bitcoin ETF with the U.S. SEC, per market reports.

December 19: Coinglass data shows total crypto liquidations across the network topped $484 million over the past 24 hours, with $336M in long positions and $148M in short positions.