According to Wu Blockchain, Coinbase Institutional shared that the crypto market underwent adjustments in November, setting the stage for December trends. Data shows that open interest in BTC, ETH, and Solana perpetual contracts dropped by 16% month-over-month. Meanwhile, U.S. spot ETFs saw outflows of $3.5 billion in Bitcoin and $1.4 billion in Ethereum. The funding rate for Bitcoin perpetual contracts briefly fell below two standard deviations of the 90-day average before rebounding. Coinbase Institutional stated that excessive market speculation has been cleared, with systemic leverage dropping from around 10% this summer to 4%-5% of total market cap. Reduced leverage contributes to a healthier market structure and lowers the risk of significant pullbacks before year-end. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53276