CQ: Due to the Coinbase migration, the measured STH supply is now around ~5.4M $BTC. A non-trivial chunk of that belongs to corporate treasuries and ETFs, while the rest is held by the real-economy investors who are effectively providing ongoing demand on the market.

Glassnode: $BTC continues to trade in a structurally unstable environment where rising unrealized losses, increased realization of realized losses, and significant profit taking by long-term holders have combined to hold back price movement. Despite this persistent selling pressure, demand remains robust enough to keep the price above the true market average, suggesting that patient buyers are still absorbing allocations.

Big week for $SEI last week. Some new drops and some reminders, but a lot of chatter.

Crypto activity just saw its biggest cooldown in months: chain revenues dropped to $200M in November, with BSC hit hardest after an October spike. App revenues followed—PancakeSwap fell from a top industry earner to a fraction of its October pace. Historically, similar 70%+ revenue drops (like in 2021) have often preceded strong recoveries, with major chains like Ethereum and Solana seeing 2–3x gains within six months.

$BTC has been consistently dumping ~2-3% within minutes of the US cash open (10 a.m. ET) almost every trading day since early November. Many traders point to Jane Street’s massive $2.5B+ position in BlackRock’s IBIT as the likely driver: engineered liquidity sweeps to accumulate spot #ETF’s at a discount.

Santiment: $SHIB recorded a record number of whale transfers since June 6, accompanied by a +1.06 trillion net change in SHIB volume on exchanges. The token is likely to experience high volatility in the coming days.

Top 15 #DeFi Protocols by TVL growth in the last 30 days
Among the top performers are Curve, a DEX liquidity pool on Ethereum, Sentora, an on-chain portfolio and risk analytics platform, and Sky, a major DeFi lending protocol.

$SEI does not care what the market is doing.
It just keeps building and pushing forward.

Glassnode Report: Momentum strengthened with the 14-day RSI rising from 38.6 to 58.2 and spot trading volume increasing 13.2% to $11.1 billion. However, spot CVD fell from -$40.8 million to -$111.7 million, indicating that selling pressure is intensifying. Also, online activity stabilized slightly.

Whales sold 510 million $XRP in the past week

CoinShares bringing a staked $SEI ETP to Interactive Brokers is a big step.
IBKR is one of the largest brokerages in the world with real reach and real volume, so this puts $SEI exposure in front of a mainstream audience that actually trades. Crazy cool.

UPDATE: Strategy ranks 5th when compared to SNP500 companies.

Seeing $SEI listed among the assets reachable through Vanguard’s DIME ETF is a strong signal. That is 50M users and one of the largest asset managers in the world opening the door to broader crypto access.

Matrixport analysts note that Ethereum is showing a familiar pattern last seen before May’s 38% surge. Positioning in both $ETH and BTC has reset to unusually low levels, creating conditions where fresh inflows could drive sharp upside moves.