Bitcoin spot price broke through 92,312 late at night; this surge came quite suddenly.

Vanguard in the US has lifted purchase restrictions on BlackRock’s IBIT and other crypto ETFs. This is a big deal—the gates are open for traditional asset management giants, and capital flows may shift.

Keep a close eye on two time windows in the coming days: the US November employment data will be released at 10:30 PM on December 5, and the Fed meeting statement will be out around 4:00 AM on December 11. The market now expects an interest rate cut with a probability over 80%, which is pretty interesting.

One more reminder: if you’re trading perpetual contract DEXs, platform choice is really crucial.

BTC7.21%

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GasGuru

· 6h ago

This move by Pioneer is quite interesting. Is big money really about to enter the market? Feels like they've opened a door. --- 92312 broke and that's that. Why does it always feel so "sudden" every time? --- 80% rate cut expectation—I only half believe that number. Anyway, we'll know for sure on December 5. --- If you don't pick the right perpetual DEX platform, you could lose everything in one go. Really need to do more research. --- With Pioneer opening the gates, will traditional capital coming in change anything? Or is it just another round of hype? --- Waiting to see the November employment data—feels like that's the real turning point. --- With this 92312 move, did retail investors get wiped out by the overnight market again? --- Asset management giants are making moves. Retail investors better hurry and get on board.

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HodlTheDoor

· 6h ago

This move by Vanguard makes me feel like big money is really about to enter the market. --- 92312 has been breached, but I'm more concerned about whether the following narrative can hold up. --- 80% chance of a rate cut sounds good, just worried it might turn out to be another illusion. --- There are too many pitfalls with perpetual contracts; choosing the wrong platform really means losing everything. --- Vanguard opening the floodgates—this is the real signal of institutional recognition, right? --- Just waiting for the November employment data, feels like it will be crucial. --- This surge came fast. Should I be more optimistic about the future trend, or is it time to reduce my position? --- The Fed's meeting statements are never as simple as the market thinks.

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pvt_key_collector

· 6h ago

92312 level was breached too carelessly; it feels like the main players are just testing the waters. Vanguard lifting the ban on IBIT? Now that’s the real catalyst—traditional finance is starting to take things seriously. Wait, an 80% probability of a rate cut... How did they even calculate that number? That seems a bit absurd. Never touch small platforms on perpetual DEXs. A buddy of mine got liquidated on an exchange that has since run off.

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FundingMartyr

· 7h ago

The opening up by Vanguard is the real game changer. If institutional funds really come in, things will be different. ---- The key is whether it can hold steady after breaking 92312, not just pump and then dump again. ---- Picking the wrong perpetual contract DEX really means losing everything, the fees will eat you alive. ---- Will the Fed meeting push it below 90K? I'm betting two cups of coffee. ---- Asset management giants entering the market is a long-term positive. Don't overthink the short term. ---- If you need to be out of the market before the employment data is released, do it quickly. There are always people who like to gamble. ---- The IBIT unlock is sending us a signal, right? Traditional finance is really coming.

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WhaleWatcher

· 7h ago

Late night 92k, traditional funds are coming in, this pace is a bit intense. I'm optimistic about this wave, but we need to be careful on the day of the Fed's statement—could be a dump. There are too many traps in perpetual contracts, picking the wrong platform can be a bloodbath—speaking from painful experience. With rate cut expectations so high, is it all priced in already? Vanguard opening the gates is really a big deal, retail investors have a chance this time.

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