Crypto markets rallied strongly on December 3, marking one of the most notable reversals of the month. Over the past 24 hours, total liquidations reachedย $156.82 billion, yet the Fear & Greed Index climbed toย 22, reflecting a meaningful recovery in sentiment after several sessions of pressure.ย Bitcoinย (BTC) roseย 6.05%ย toย $91,865, with a trading range between a high ofย $92,298.59ย and a low ofย $86,215.ย Ethereumย (ETH) outperformed with aย 7.44%ย daily gain, closing atย $3,010.92, while swinging betweenย $3,032.98ย at the high andย $2,782.49ย at the low.
Derivatives positioning signaled a gradual shift from caution toward optimism. BTC long positions accounted forย 49.71%ย compared withย 50.29%ย shorts, while ETH sawย 50.28% longsย againstย 49.72% shorts, showing a balanced but improving risk appetite. Several tokens posted exceptional gains, includingย PIEVERSE/USDTย withย 94.61%,ย OREC/USDTย withย 55.99%, andย VEL/USDTย withย 47.65%, highlighting pockets of strong speculative momentum.
Macro and protocol-level developments also shaped market sentiment. The probability of aย 25 bps rate cutย at the December Federal Reserve meeting rose toย 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 toย $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 aย $38.3 trillion โcrisisโย 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 Decemberโs final stretch.
#cryptocurrency #blockchain #technical analysis #finance #Bitcoin



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