Today’s Outlook
1、SpaceX has transferred 1,163 BTC to a new address, worth approximately $105 million.
2、BlackRock’s SIO fund has increased its IBIT holdings to 2.39 million shares, up about 14% this quarter.
3、Vitalik donated 128 ETH each to
Session and
SimpleX to support private communication.
Macro & Hot Topics
1、U.S. initial jobless claims for the week ending November 22 recorded 216,000, the lowest since the week of April 12, 2025.
2、JPMorgan economists reversed their view and now expect the Federal Reserve to begin rate cuts in
December, overturning last week’s prediction that policymakers would delay cuts until January.
3、Fed Beige Book: Economic activity has been largely unchanged in recent weeks, with consumer polarization intensifying.
4、Jin10: On November 26 local time, the U.S. Trade Representative announced an extension of certain tariff exclusions on China until November 10, 2026, including issues related to technology transfer and intellectual property under Section 301. These exclusions were originally set to expire on November 29 this year.
5、K33 Research Director: Bitcoin selling pressure is nearing an end, making the current moment a good entry opportunity.
Market Performance
1、Over the past 24 hours, total crypto derivatives liquidations reached $276 million, including $197 million in short liquidations. BTC liquidations totaled $90 million, ETH totaled $46 million, and HYPE totaled $33 million.
2、U.S. stocks: The Dow rose 0.67%, the S&P 500 gained 0.69%, and the Nasdaq Composite increased 0.82%.
3、Bitget BTC/USDT liquidation map shows: Below the current BTC price of $90,895 (around the $85,000–$89,000 range), there is dense clustering of 50–100x high-leverage long positions, meaning downward volatility could trigger cascading long liquidations. Above $91,200, short liquidation levels begin to accumulate; a breakout above this level could pressure shorts into forced liquidation.
4、In the past 24 hours, BTC spot inflows reached $278 million, outflows $209 million, resulting in net inflows of $69 million.
News Updates
1、DWF Labs launched a $75 million DeFi investment fund.
2、Vitalik proposed increasing gas costs for inefficient operations to support network scalability.
3、Analyst @ai_9684xtpa: An old ETH whale who interacted with the Ethereum Foundation 10 years ago is accumulating again. Yesterday, the whale bought 7,318.56 ETH on-chain at an average price of $3,016.09, totaling $22.07 million.
Project Developments
1、The Block: CryptoQuant noted that after Bitcoin dropped below $80,000 last week, large holders significantly increased BTC transfers to exchanges.
2、SpaceComputer completed a $10 million seed round to run secure blockchain computation from space.
3、Securitize obtained EU approval to operate a tokenized trading and settlement system, choosing Avalanche as its blockchain.
4、The Block: Modular blockchain platform Avail launched its cross-chain execution layer Nexus mainnet, supporting Ethereum, BNB Chain, Base, and more ecosystems.
5、Nasdaq ISE proposed raising the IBIT option position limit to 1 million contracts.
6、Vitalik responded to “planned economy” concerns: Gas usage remains determined by market forces.
7、Upexi plans to raise $23 million through a private placement to strengthen its SOL vault strategy.
8、Bitwise launched the Bitwise Dogecoin ETF on the NYSE under the ticker “BWOW”.
9、CleanSpark: FY2025 revenue doubled to $766 million, with net profit reaching $365 million.
10、S&P Global downgraded USDT’s stability rating to the lowest tier, warning of risks associated with Bitcoin exposure.
Disclaimer: This report is AI-generated. Human reviewers only verify information. This does not constitute investment advice.
