Crypto markets rallied strongly on December 3, marking one of the most notable reversals of the month. Over the past 24 hours, total liquidations reached $156.82 billion, yet the Fear & Greed Index climbed to 22, reflecting a meaningful recovery in sentiment after several sessions of pressure. Bitcoin (BTC) rose 6.05% to $91,865, with a trading range between a high of $92,298.59 and a low of $86,215. Ethereum (ETH) outperformed with a 7.44% daily gain, closing at $3,010.92, while swinging between $3,032.98 at the high and $2,782.49 at the low.
Derivatives positioning signaled a gradual shift from caution toward optimism. BTC long positions accounted for 49.71% compared with 50.29% shorts, while ETH saw 50.28% longs against 49.72% shorts, showing a balanced but improving risk appetite. Several tokens posted exceptional gains, including PIEVERSE/USDT with 94.61%, OREC/USDT with 55.99%, and VEL/USDT with 47.65%, highlighting pockets of strong speculative momentum.
Macro and protocol-level developments also shaped market sentiment. The probability of a 25 bps rate cut at the December Federal Reserve meeting rose to 89.2%, fueling expectations of easing liquidity. Trump signaled that Hassett may be the next Federal Reserve Chair, increasing attention on future monetary policy direction. On-chain activity improved as Ethereum mainnet gas fees fell to $0.02, even lower than some L2 networks, making interactions significantly cheaper. The Aave community proposed adjustments to its V3 multi-chain deployment strategy, including changes to reserve coefficients for underperforming networks. Elon Musk added further intrigue by suggesting that a $38.3 trillion “crisis” could ultimately drive Bitcoin prices sharply higher.
With BTC and ETH staging powerful rebounds and macro conditions showing signs of easing, market sentiment is strengthening rapidly. As year-end approaches, traders are increasingly optimistic that the recovery may continue into December’s final stretch.
#cryptocurrency #blockchain #technical analysis #finance #Bitcoin



JU Blog
2025-12-03 05:25
BTC and ETH Surge as Market Sentiment Improves Sharply – December 3, 2025
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