Market Overview of Mars | Bitcoin shows strong trading flows and accumulation structure — a classic bottom indicator on short-term timeframes

Cardano: Exploitation of a code vulnerability caused a temporary network split, FBI involved in the investigation

According to the analytical publication Cointelegraph, the Cardano network experienced an intermittent blockchain split due to the exploitation of a multi-month vulnerability in the core code. The cause was a “deformed” ADA delegation request to a staking pool, which, although valid at the protocol level, triggered unpredictable processing by nodes and discrepancies in network operation.

Intersect organization published a detailed report describing how a pool operator named Homer J used code generated by artificial intelligence to activate this specific transaction. The vulnerability lay in outdated library components that mishandled such requests, leading to a consensus split. Homer J has already acknowledged his role in this situation.

Developer teams recommended operators immediately update node software to the latest version to resolve the split and synchronize the chain. This incident has already sparked heated discussions within the ecosystem: some see it as a useful demonstration of the security system’s vulnerability, while Cardano founder Charles Hoskinson characterized it as a targeted attack. The FBI has already been involved in the investigation.

Bitcoin shows massive trading volume rotation and a cumulative decline structure

The CoinKarma analytics platform identified key technical bottom signals on Bitcoin charts. According to the CVD indicator, during this week, after BTC lost critical medium-term supports, the market experienced intense selling pressure for several days, accelerating the decline in quotes.

At the same time, analysts recorded an unprecedented volume of spot transactions at the close of daily candles on most crypto exchanges. Such indicators suggest a significant reallocation of capital in the market. According to CoinKarma, the combination of high trading volume and a structure that delays further decline is a classic indicator of short-term bottom formation.

Current BTC data: the current price is $90.60K with a 24-hour volume of $798.20M and a change of -0.21% over the day.

FOMC in December: 71% probability of a 25 basis point rate cut

According to CME FedWatch forecasts from November 22, the majority of market participants (71%) expect a quarter-point rate cut, while 29% anticipate no change. This will maintain excess volatility in the crypto market in the coming weeks.

Bitwise analyst: Volatility indicates expectations of a quick rebound, compression will remain noticeable

Bitwise consultant Jeff Park, in his post from November 23, pointed out an interesting feature of current volatility. Instead of the typical delta-hedging behavior of market makers (dynamic position balancing), the market now demonstrates “stickiness to strike” — concentrated actions of large players around specific price levels.

This pattern differs radically from what is observed during unlocking events. It could signal two scenarios: first — market participants are confident in a quick rebound of quotes; second — volatility will remain elevated for a long time.

Port3 Network: Code vulnerability allowed a hacker to release 1 billion tokens, price dropped 82%

On the morning of November 23, the Port3 network announced a critical security incident. The attacker discovered and exploited a vulnerability in the BridgeIn contract, allowing them to mint an additional 1 billion PORT3 tokens.

The team promptly withdrew a significant portion of liquidity from DEX pools and canceled deposits on centralized exchanges to block the possibility of converting the stolen tokens. Blockchain data showed that the attacker managed to sell a large amount on-chain but failed to withdraw them to CEX.

After revoking access to liquidity, almost all remaining tokens were burned. As of the report, PORT3 dropped by 82.8% — from $0.037 in the morning to a low of $0.0066, then partially recovered to $0.0086. The current market capitalization is only $1.39M, with an FDV of $2.00M.

Crypto analyst Banmuxia: $80,500 — critical support in a bearish cycle, but it’s not the end

Respected analyst Banmuxia, in a post from November 23, suggested that Bitcoin is currently entering a “pistol-pumping” phase for the next cycle. The $80,500 level is considered an almost guaranteed bottom of the current bear market, possibly the absolute minimum of this cycle.

However, this does not mean the end of the bear market. The ongoing prolonged decline, which has lasted over 3 months, could extend another 3-4 months, but it will transition into horizontal consolidation instead of further sliding down. For traders, this means that spot accumulation and holding until the next bull run remain a justified strategy.

Aave aims to scale: from $31 billion to $100 billion TVL through retail investors

Aave is introducing a new segment for retail audiences — a savings protocol with stablecoin interest rates of 6%-9%. This move aims to reposition DeFi as an alternative to traditional bank deposits and attract millions of new users who have so far avoided cryptocurrencies.

Structural market crisis: Market makers losing monopoly on a central role

Analysts note profound changes in the network architecture of the crypto market. The role of market makers is gradually transforming, new liquidity accumulation centers are emerging, and the laws of natural monopoly are evolving under the influence of innovative decentralized tools.