11.15 Morning Report |

1️⃣ $BTC
Yesterday before sleeping, I thought 94k was likely the stage bottom, but when I woke up, it dropped from 96k back to 93.8k.
Currently, this structure can basically only be "walk while watching"; it's impossible to guess the bottom from the charts, we have to rely on staying alive and waiting.

2️⃣ $ETH
The old lady's trend is like sliding down a slide. A few days ago it almost touched 3800, now it's nearly falling to 3000.
But at least it's a bit tougher than BTC, the drop isn't that severe.

3️⃣ $SOL
has become very difficult to explain using the conventional logic of "shanzhai and big pie."
It has its own joys and sorrows, neither following nor listening, purely self-directed.

4️⃣ Near Intents data explosion
The cumulative trading volume has exceeded 5 billion USD, with fees of 9.4 million.
24-hour trading volume 133 million, fees 239 thousand.

But the fees are distributed across multiple channels and do not go directly into the NEAR protocol itself.
This may be the key constraint preventing NEAR from gaining traction.

5️⃣ Harvard University 3Q Holdings
IBIT increased to 6.81 million shares, a month-on-month surge of 257%.
Institutions really don't pay attention to market trends, only to the long term.

6️⃣ Multicoin Capital enters ENA
Their liquidity fund officially bought ENA.
Once these people place their bets, they usually take further actions.

7️⃣ The U.S. Department of Justice has seized 15 million USDT again.
Involves North Korea evading sanctions and cyber attacks using cryptocurrency.
Stablecoins have become a new battleground for global law enforcement agencies.

8️⃣ Coinbase Engineering Director yuga.eth has cut all altcoins.
Only keep BTC. The signal is too straightforward: I don't want to get involved anymore.

9️⃣ US tech stocks continue to be cut.
The expectation of interest rate cuts has been dampened, and panic sentiment is quite evident.

🔟 Michael Saylor shouts again: We are still buying BTC
The latest coin purchase plan will be announced next Monday.
The eternal "Bitcoin Pumping Squad."

1️⃣1️⃣ The global market welcomes "Black Friday"
The Fed's hawkish tone resurfaces, and the market is repeatedly educated under pressure.

1️⃣2️⃣ Bloomberg Analyst: SEC Issues New Guidance
Allow for the acceleration of the effectiveness process of certain declaration documents, making it likely for related encrypted ETFs to pass through faster.

1️⃣3️⃣ U.S. Census Bureau: October CPI data has not been fully collected.
This indeed adds a bit of uncertainty to the market.

1️⃣4️⃣ NAGA Analyst: The direction of the US dollar completely depends on the data.
The strength and weakness in the future will determine the trend; whether it rises or falls cannot escape the macro environment.

1️⃣5️⃣ ZEC unexpectedly becomes stronger
When all coins are falling with BTC, it instead starts to rise.
Those who originally called for it to go to zero have now found a bit of oasis.