Ether (ETH) showed a strong 29% price surge last week, surpassing the $3,000 mark for the first time since August. However, the rally has slowed down despite Bitcoin (BTC) gaining 13% in the past few days.

ETH/USDT Weekly Chart
While Ethereum price has only increased by 0.66% since November 11, data shows that whales are looking at current prices as an opportunity for long-term accumulation.
“New” Whale Buys $23.44 Million ETH

People often regret the things they have spent time, love, money and effort on. For example, I had a 5-year relationship. Even though I felt like I had run out of feelings, I still continued because I regretted spending time, money and youth on that relationship.
After reading that analysis, I felt like I was also in that situation in investing and after learning that in investing there is an effect called Sunk Cost. This is a type of psychology that makes investors continue to invest in a project even though it is losing money just because they have put their money, time, effort, and passion into it. Even though their reason tells them that "this project will continue to go down", the "animal" part of them still chooses to continue investing and then they lose. This is called "Sunk Cost".

According to a new report from Bloomberg, Republican Senator Cynthia Lummis of Wyoming has proposed a policy that would sell a portion of the Federal Reserve’s gold to buy one million Bitcoins to create a Bitcoin reserve strategy. The senator, an ally of President Trump, proposed this proposal to fill the Bitcoin reserve — a strategy proposed by the president-elect — without costing the government money.

In love, when you are in a relationship with someone for too long, when you run out of feelings, feel very uncomfortable or feel constrained and pressured, really want to break up but the result is still staying... And in investment, even though there are losses, you still do not cut and continue to pump capital into investment. Have you ever thought about why that is? In this article, I will answer some of those questions for you.

Continuing with this series, sometimes we rely on luck to be right or rely on our feelings to achieve our goals. After a few times in a row like that, we tend to be confident in our feelings. Just like in investing, many times we "like" to Short/Long and we make a profit. Gradually, we become too confident in our judgment. And the next type of psychology in this series is the psychological effect of "Overconfidence bias" - overconfidence bias - and how this type of psychology will affect us.

Several publicly traded Bitcoin mining companies reported third-quarter earnings on Wednesday morning, as the industry continues to face challenges in the post-halving economic landscape.
Hut 8 (HUT) reported revenue of $43.7 million, beating estimates by $5.5 million and nearly double the year-ago figure. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were $5.6 million. The company's generally accepted accounting principles (GAAP) earnings of $0.01 per share beat MarketWatch's estimate of a loss of $0.29 per share. Those numbers represent a significant improvement from the $71.9 million loss in Q2.

The Bitcoin (BTC) market is gearing up for the $11.8 billion options expiration at the end of the year, which will take place at 3 p.m. ET on December 27. Recent data shows a strong dominance of call options, although bears could significantly reduce losses if Bitcoin can keep the price below $75,000.

Total Open Interest in Bitcoin Options for December 27

In this life, not everything we like or it doesn't make us like it enough to buy it and sometimes we still buy it without understanding why. So this article will tell everyone about that reason. If you find it interesting, please give me a like and a comment to share your feelings and thoughts!
Coming to our main character "The crowd psychology effect", crowd psychology is a negative psychology not only for investors in particular but also for the general psychology of people. In investing, people are easily influenced by the crowd, causing them to place orders/invest without researching the market or market data. This is the most common and easiest type of psychology that leads investors to risk and lose money.