Core Insights - The cryptocurrency market is experiencing a significant downturn, with a notable withdrawal of funds from major investment funds, ETFs, and corporate treasuries, leading to a new period of market vulnerability [2] - Negative sentiment is dominating the cryptocurrency market, with a sharp increase in negative discussions surrounding Bitcoin, Ethereum, and XRP, resulting in a substantial decline in investor confidence [2] Group 1: Market Performance - In the past 24 hours, approximately 160,000 individuals in the cryptocurrency market faced liquidation, totaling $580 million, with long positions accounting for $410 million and short positions for $170 million [1] - Bitcoin has fallen below the critical $100,000 milestone, driven significantly by the selling activities of "whales" (individuals holding over 1,000 Bitcoins) and long-term holders [4] Group 2: Investor Behavior - Long-term Bitcoin holders have sold approximately 815,000 Bitcoins in the past 30 days, marking the highest selling activity since early 2024 [5] - Whales holding Bitcoin for over seven years are selling at a rate exceeding 1,000 Bitcoins per hour, indicating a sustained and staggered distribution rather than a sudden coordinated sell-off [5] - Many early holders view the $100,000 mark as a psychological threshold for profit-taking, which has accelerated selling since Bitcoin first surpassed this level in December 2024 [5]

What a difference a month makes. On October 6, Crypto Twitter was in a state of euphoria after Bitcoin surged to $126,198.07 — a new all-time high. There was firm belief that “Uptober” would kick off the start of a face-melting rally that would draw retail and institutional investors into the space. But the opposite turned out to be true. Bitcoin’s price fell 3.69% last month — the first October in the red in seven years, and only its third October loss since 2013. Market watchers are nervously drawing ...

Market Overview - The global cryptocurrency market capitalization is stable at $3.49 trillion, with a total trading volume of $162.6 billion over the past 24 hours, indicating ongoing activity despite muted price movements [1][8] Cryptocurrency Performance - Bitcoin (BTC) is trading at $102,492, reflecting a 0.6% decline in the last 24 hours and a 6.6% drop over the past week [3][8] - Ethereum (ETH) is priced at $3,351, down 1.3% in the last day and 13.7% over the week [3][8] - XRP shows a slight gain of 1.6%, trading at $2.28, while BNB is down 1.1% at $943.91 [3] - Solana (SOL) continues to decline, down 0.9% to $157.47, and Dogecoin (DOGE) fell 1.0% to $0.1613 [4][8] Altcoin Trends - Among trending assets, Ergo (ERG) leads with a 10.1% gain, followed by Zcash (ZEC) up 12.7% [4] - Top gainers in the altcoin sector include Sapien (+160.7%), SOON (+98.7%), and Giggle Fund (+80.6%), indicating strong speculative momentum [4] Whale Activity - Ethereum whales have significantly increased their holdings, acquiring 394,682 ETH worth $1.37 billion over the past three days, suggesting strong bullish momentum for Ethereum [5][8] - The largest buyer repurchased 257,543 ETH at approximately $3,480, totaling $896 million [6] Market Sentiment - Bitcoin rebounded above $103,000, driven by stronger-than-expected US economic data that boosted investor confidence [7] - The Fear & Greed Index is at 24 (Fear), slightly up from 20 yesterday, indicating cautious market sentiment [8] - Recent gains in US Treasury yields and a firm dollar have kept risk appetite in check, although traders have reduced expectations of a near-term Fed rate cut [9]

Market Sentiment - Crypto market long term is always bullish [1] - Patience is everything in the crypto market [1] Investment Strategy - Don't forget why you started HODLing [1]

Core Insights - The crypto market experienced significant losses on November 4, with Bitcoin dropping below $100,000 and Ethereum falling under $3,150, resulting in a total market capitalization loss of approximately $3.5 trillion, marking one of the worst single-day declines in recent months [1][2]. Bitcoin ETFs Performance - Bitcoin ETFs faced substantial outflows, recording $577 million in net outflows on November 4, marking their fifth consecutive day of losses [3]. - Fidelity's FBTC led the outflows with nearly $356 million withdrawn, while Ark & 21Shares' ARKB saw $128 million in exits [3][4]. - Other funds from Grayscale, VanEck, and Valkyrie also experienced losses ranging from $10 million to $50 million [4]. Ethereum ETFs Performance - Ethereum ETFs also suffered, with spot ETH ETFs recording $273.5 million in daily outflows on November 4, continuing a trend of five straight days of losses [8]. - BlackRock's iShares Ethereum Trust (ETHA) led the outflows with $111 million, followed by Grayscale with approximately $90 million in combined outflows [9]. Altcoin ETFs Resilience - In contrast to the major Bitcoin and Ethereum funds, altcoin ETFs linked to Solana, Hedera, and Litecoin attracted steady inflows, demonstrating investor confidence amid the broader market downturn [2][6]. - All three altcoin ETFs have seen net inflows every trading day, indicating a divergence from the trends observed in Bitcoin and Ethereum ETFs [6]. Market Sentiment Shift - Just weeks prior, Bitcoin ETFs were attracting over $2.7 billion in weekly inflows, but this enthusiasm has diminished rapidly, raising concerns about the sustainability of the market's bullish momentum [7]. - The tightening liquidity and wavering confidence have led even institutional investors to reassess their positions in the crypto market [10].

加密货币市场在11月开局不利，比特币与以太坊双双大跌，引发大规模爆仓，并使市场信心再度承压。 在缺乏宏观面利好催化的背景下，投资者情绪明显转向防御，交易结构也呈现更浓厚的避险倾向。 比特币价格周一跌超3%，在短时暴跌中一度从10.8万美元跌至10.5万美元，跌破200日均线，令市场开 始关注10万美元下方关键支撑位。本轮抛售压力主要来自长期持有者，10月期间约有40万枚比特币(约 占流通量2%)被卖出,但比特币价格并未出现更深幅度回撤，显示需求侧仍具一定承接力。分析人士指 出，新的市场结构(由现货ETF、大型资金账户及长期储蓄型钱包吸纳供应)与过往周期不同，令波动性 略有收敛，但"韧性≠反转"，在宏观环境未出现积极变化前，仍难言反弹确定性已建立。 以太坊跌势更为惨烈，盘中最大跌幅接近9%，跌破3600美元关键支撑位，自8月高点4885美元以来累计 跌幅约25%。资金面压力也同步显现：永续合约资金费率自10月中旬以来持续走弱，多家交易所已转为 负值，意味着做空者需为持仓付费，反映市场偏空情绪正在升温。Deribit数据显示，11月28日到期的以 太坊看跌期权持仓显著增加，尤其集中在3700美元、3500美元与3 ...

Group 1 - Bitcoin's rally attempt has stalled again, failing to hold above $116,000, with prices dropping to $112,700, down nearly 2% over the past 24 hours [1] - Ether has fallen 4%, dropping below the $4,000 level, while the broader crypto market showed mostly negative performance despite new spot ETF listings in the U.S. [2] - Crypto-related stocks initially showed gains but faded sharply into the red by the end of the session, with notable declines in companies like Bitfarms, CleanSpark, Hive, and Galaxy [4] Group 2 - Analysts from Bitfinex warned that Bitcoin's correction may not be over, indicating that it needs to hold above the short-term holder cost basis at $113,600 to confirm a constructive shift [5] - Failing to sustain above the $113,600 level poses a risk of a deeper retracement to around $97,500, which is seen as the likely lower bound of the current consolidation range [6]

Core Insights - The digital-asset market is experiencing significant turmoil following the largest single-day liquidation event in the crypto space on October 10, which resulted in the loss of at least $20 billion in positions [1] Group 1 - The liquidation event on October 10 is described as the biggest in the history of the crypto market [1] - The aftermath of this event continues to impact the digital-asset market, indicating ongoing volatility and uncertainty [1]

Market Overview - The cryptocurrency market capitalization has increased by 1.3%, now standing at $3.8 trillion, with total trading volume at $190 billion [1][2] - 80 of the top 100 coins have appreciated over the past 24 hours, indicating a positive market trend [1][4] Top Performers - Bitcoin (BTC) has risen by 1.7% to $109,789, while Ethereum (ETH) is up by 0.3% to $3,875 [2][3] - Binance Coin (BNB) saw the highest rise among the top coins, increasing by 3.2% to $1,103 [3] - ChainOpera AI (COAI) recorded the most significant increase among the top 100 coins, appreciating by 70.4% to $13.96 [4] Market Sentiment and Trends - The market sentiment remains within the fear zone, with signals of 'demand exhaustion and fading momentum' [2] - Recent outflows from US BTC and ETH spot ETFs amounted to $101.29 million and $18.77 million, respectively [2] - Investors are awaiting the US consumer price index (CPI) report, which may influence near-term market direction [6] Notable Declines - Zcash (ZEC) experienced the largest decline, dropping by 9.8% to $243.46, followed by Provenance Blockchain (HASH) with a 6% decrease [5] - The market has seen renewed volatility, particularly after a $19 billion wipe-out in leveraged positions, leading to increased caution among investors [5] External Factors - The Bank of Korea has kept its benchmark interest rate unchanged, which may impact market dynamics in South Korea [7]

Officials of the Federal Reserve recently lost access to employment data from ADP, the Washington Post reported on Oct. 22. Since the central bank is already unable to receive key economic data in the U.S. due to the ongoing government shutdown, the loss of ADP jobs data would make it even more difficult for it to make policy decisions regarding interest rates. The uncertainty fuelled the crypto markets to slump even further. The total crypto market cap fell to $3.65 trillion at press time, down 4.79% in ...