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🏦 Another step forward in the crypto industry: What’s the difference between a trust license and a regular bank? Public records from the U.S. Office of the Comptroller of the Currency show that Coinbase National Trust Company's national trust bank charter took effect on November 6. This application had previously received preliminary conditional approval in April this year. This institution is involved in digital asset custody and other services, but a trust license is not equivalent to a regular commercial bank license, nor does it mean it can accept deposits or issue loans like a regular bank. Notably, crypto asset services are increasingly entering the traditional financial regulatory framework; however, the license itself does not imply that the assets are risk-free, nor does it mean all services automatically enjoy deposit insurance. What are your thoughts on the integration of traditional finance and the crypto industry? For informational purposes only, not investment advice. Why Bitcoin’s Rebound Keeps Failing: Short-Term Holder Losses and Shrinking Stablecoin Reserves “Recently moved coins held by short-term investors are, on average, moving at a loss.” – By @xwinfinance$ETH ｜ Opportunity comes after the crash! Whales start bottom-fishing, ETH is set for a rebound!!! Ethereum has recently experienced continuous pullbacks, with market panic rising. However, some large wallets have started buying against the trend. On November 9, a whale borrowed $22 million USDT to buy 10,000 ETH around $2155, indicating some funds are attempting to bottom-fish. Currently, ETH is oscillating near $2100, with the daily RSI in a weak and oversold zone, showing short-term technical rebound demand. Key support is at $2100–$2040, with resistance first at $2160, then $2200–$2230. If it stabilizes above $2160 again, the rebound space could reopen; some whales have increased holdings by about 35,000 ETH; if market sentiment recovers, ETH is likely to follow the broader market rebound! Fa Ge's short-term plan: Long strategy: Gradually build positions after stabilizing between $2110–$2150 Stop loss: $2055 Targets: $2200, $2230, $2260 Backup opportunity: Short strategy: Consider shorting if the rebound meets resistance at $2160–$2200 or if it breaks below $2040 and fails to recover Stop loss: $2225 Targets: $2000, $1950 The above operational suggestions are for reference only and do not constitute investment advice! $BTC $SOL #美国10月CPI前瞻：12月加息预期会否改变？ USDC TRANSACTION VOLUME JUMPS 49% AS CIRCLE REPORTS STRONG Q3 Circle reported Q3 2026 revenue and reserve income of $865M, up 17% year over year. USDC onchain transaction volume increased 49%, while net income from continuing operations rose 5% to $226M. However, reserve income declined 8% to $658M as reserve asset yields fell. Revenue from the Arc blockchain token presale also contributed significantly to quarterly growth. #CircleQ3USDCVolumeUp49% 🔥The non-farm payrolls were just the appetizer; the real market-moving event is tomorrow's US CPI! A strong labor market has led the market to raise expectations for a December rate hike. But this doesn't necessarily mean the Fed will hike; we still need to see if the inflation data provides strong enough evidence. Especially worth focusing on are the core CPI, as well as changes in service and housing inflation. 📊 If higher than expected, it means inflation may be more stubborn than the market imagines, rate hike expectations will heat up, the dollar and US Treasury yields will strengthen, while gold and risk assets are likely to be suppressed; if in line with expectations, the market may continue to fluctuate, waiting for more signals; if significantly lower than expected, it could cool rate hike bets, the dollar may retreat, and gold and BTC will find support. 📍 In terms of price, gold first looks at resistance at 4080 and 4106, with support at 4026 and 3970; BTC focuses on resistance at 76300, with support at 74500 and 73700; Nasdaq 100 watches support at 18200 and resistance at 18850. ⚠️ I care more about the real reaction after the data release rather than simply guessing high or low. If CPI is hot but the dollar and yields do not continue to strengthen, be wary of the market having priced in the bad news early. Let's observe tomorrow first, then decide the direction. Do you think this CPI will be a boost for the bears or an opportunity for the bulls to fight back? #美国10月CPI前瞻：12月加息预期会否改变？ ZEC/USDT Prediction Zcash is the ultimate outlier! While most alts bleed, ZEC is up a staggering 152% over 90 days. It’s currently consolidating in a volatile range between $ZEC 1,121 and 1,398. The moving averages are flattening, indicating a potential cooldown. A breakout above 1,250 could trigger another leg up toward recent highs, but expect choppy price action. Will ZEC resume its parabolic run, or is it time for a much-needed correction?OPENAI SECURES $11B IN FUNDING AT A $1.25T VALUATION OpenAI has reportedly closed an initial $11B tranche of its latest funding round at a valuation of around $1.25T. SoftBank and MGX participated, while reports point to continued interest from major institutional investors. At the same time, Microsoft, Meta and Oracle are raising substantial capital to support AI infrastructure. The AI race is becoming increasingly capital-intensive. #OpenAI11BFunding According to the publicly disclosed trading records of U.S. Congress members, some stocks have experienced significant pullbacks. 1/6 Intel ($INTC) 📌 Public trading records show that the Pelosi family bought Intel-related assets on the following dates: - May 29: reference price approximately $114.68 - July 24: reference price approximately $92.32 - Latest reference closing price: $56.28 (November 6) This means the stock price is about 50.9% and 39.1% lower than the two reference prices above, respectively. 📰 Latest market update: Intel has recently faced significant selling pressure. After the earnings report at the end of October, market concerns about performance guidance, supply capabilities, and PC business performance have intensified. Meanwhile, competition in the AI industry chain and changes in chip demand have also become focal points for investors. 📊 Key factors to watch: - Next quarter's revenue and profit performance - Growth in AI and data center businesses - Competitiveness of the foundry business - Whether the stock price can stabilize and restore market confidence ⚠️ A stock price below the trading reference price disclosed by politicians does not necessarily mean it is undervalued, nor does it imply that the party still holds the related assets. Opportunities and risks coexist; focus on fundamentals and avoid blindly bottom-fishing. #Intel #INTC #NancyPelosi #StockMarket #DailyOrbit #InvestmentWatchThis is somewhat interesting, but when I see this kind of news, I usually like to cool down the altcoin narrative first: big funds willing to buy Bitcoin does not mean small coins also have funds coming in.👀 According to PANews, STRATEGY purchased 1,037 Bitcoins last week, increasing its total holdings to 850,364. My judgment is that this is somewhat positive for confidence in holding Bitcoin, but has limited boost to sentiment for small coins: the buying is focused on Bitcoin, with no direct inflow into altcoins; a single company's increased holdings also cannot prove a comprehensive rebound in market risk appetite. Opportunities in high-volatility assets come from sentiment spreading, but the risk is mistaking sentiment for sustained buying. If this news drives market activity, I will observe whether trading spreads to more sectors, rather than just looking at short-term rallies in small coins. This is my observational hypothesis, which still needs to be verified by market performance. Which sectors have you been paying attention to recently? Will you particularly watch how Bitcoin sentiment transmits?🔥Once tomorrow's CPI is released, gold, BTC, and the Nasdaq may all need to choose a new direction! The core change in this market cycle is that strong nonfarm payrolls have reignited expectations for a December rate hike. After employment data exceeded expectations, investors began reassessing whether the Fed still needs to tighten policy further, and the October CPI is the next key test. 📌 I divide the possible scenarios into three: First, if CPI is higher than expected, it indicates inflation cooling is not going smoothly, the dollar and US Treasury yields may continue to strengthen, and gold and crypto markets will face pressure; second, if data meets expectations, both bearish and bullish factors may have been priced in advance, making the market more likely to enter a wide range of volatility; third, if CPI is significantly lower than expected, rate hike bets may cool down, the dollar weakens, and gold and risk assets are likely to gain support. 🔍 Regarding levels, gold faces resistance at 4080 and 4106, with support at 4026 and 3970; BTC key focus is whether 76300 can be reclaimed, with 74500 and 73700 as observation zones below; Nasdaq 100 support is at 18200 and resistance at 18850. ⚠️ Don’t rush to guess the data tonight; after tomorrow’s release, first watch how the market moves. Positive data doesn’t necessarily mean prices will rise; the key is the expectation gap and capital reaction. Which scenario do you lean towards? #美国10月CPI前瞻：12月加息预期会否改变？ Three crypto stocks reporting earnings this week, stock prices first dropped 37% MARA, DeFi Development, and Gemini are all releasing their Q3 earnings this week. The total crypto market cap rose 40.86% this quarter, but the stock prices of these three companies have fallen at least 37% from September 30 to now. Holders of these three stocks have been pulled in two directions this week. MARA reported after hours, with analysts expecting a loss of $0.33 per share and revenue of $176 million, still holding 35,600 $BTC. DeFi Development holds 2,600,900 $SOL and equivalents, and the CHAD preferred stock dividend yield was raised from 13% to 14%. Gemini's trading volume dropped from $11.3 billion in the same period last year to $3.8 billion, with exchange revenue down 38%. Crypto prices up, stocks down — this divergence itself is a point to watch. Check if the unrealized gains on the asset side in the earnings report have actually been realized in the income statement or are just on paper.OKLO’S NUCLEAR PLANS MOVE INTO THE CONSTRUCTION PHASE Oklo reported a net loss of approximately $123M for the first nine months of 2026, while holding around $3.1B in cash and marketable securities. Structural steel installation has begun at its Aurora demonstration reactor in Idaho. Its planned Ohio project with Meta could eventually provide up to 1.2GW of power, with electricity generation targeted for 2030. #OkloNuclearBuildout US stock market opened with small fluctuations? Check again around 11 PM Bears, don't blink, $BTC 74723 rebound is just giving away money, $ETH 2122 breaking 2063 is only a matter of time, $ZEC 1214 can't escape this drop BTC's rebound is ridiculously gentle, 74700 can't even touch MA25 at 75028, Bollinger middle band at 74805 is pressing down hard. Funding rate is still positive at 0.0055%, bulls are still holding on waiting for reinforcements? The spike down to 73500 was pulled back, looks like support but it's just bait from the bears. My view is straightforward: the rebound is an opportunity to add shorts, don't be fooled by this small bullish candle, it can't break 75000, the 73500 support below will eventually break. ETH is the real disaster zone today, -5.23% directly smashed through 2063, now the 2121 rebound has just barely stood above MA7, MA25 at 2160 is pressing down, Bollinger lower band at 2060.83 is almost drawn right at the low point. Going long at 2122? That's catching a flying knife. 2063 is just a matter of time, once broken below there's a vacuum underneath, bears don't hesitate here. ZEC at 1214 can't escape the drop, with the market like this it has no reason to hold up. BTC shorts at 74800-75000, stop loss above 75500, targets first at 73500 then 72800; ETH add shorts on rebound at 2130-2145, target 2063 break then chase below 2050.$PIEVERSE has become one of the standout tokens in the market, attracting a large number of traders' attention in a short period. The price surged with volume to around $1.86, showing clear short-term buying strength. However, after the rapid rise, there was a certain pullback, indicating some investors are taking profits. Next, the key is whether buyers can hold the support zone and drive a new round of upward movement. 📊 Trading Strategy (Long Position Reference) - Entry Range: $1.71–$1.74 - Stop Loss: $1.66 - TP1: $1.80 - TP2: $1.87 - TP3: $1.98 Market Observations: - Volume breakout reflects a rise in short-term market heat. - During the pullback phase, pay attention to whether volume gradually shrinks. - If the price stabilizes above the support zone, there is still a chance to continue the rebound. - If support fails, beware of breakout failure and further retracement. Trend Judgment: Short-term bullish bias, but confirmation signals after pullback are still needed. Confidence Rating: Medium Do not blindly chase highs; focus on volume, support levels, and market liquidity. Strictly control position size and risk. NFA. DYOR. Trading involves risks; please make decisions cautiously.After reading, I noted three things: 1. Core Trader 11 just opened a short position of 1,000 NVDA at 20x leverage, with a notional value of about $175,600. I'm more concerned about the leverage than the amount: this position has very low tolerance for adverse price movements. 2. Roughly calculating at 20x leverage, if the price moves against the position by about 1%, the loss would be approximately 20% of the initial margin, excluding fees. Directional judgment and position management are two different things; even if the direction is correct for the subsequent trend, it might not withstand interim volatility. 3. This is just a record of opening the position, not yet a time to evaluate win or loss. The data lacks stop-loss and account margin information, so I treat it as a bearish action rather than directly using it as my own shorting basis. My summary to myself is: first list the risks, then consider the direction; if adding a fourth point, would you prioritize checking the stop-loss level of this position or the account margin status?$AVAX is trading at $8.835 (+11.35%), strong within its 24h range between $7.745 and $8.880. Price is trading above MA5 ($8.581), MA10 ($8.317) and MA20 ($8.158), after a sharp breakout from the $7.745 low. Driven by $54.99M USDT in daily turnover and 6.22M $AVAX in 24h volume, holding above $8.835 could open the way for a bullish push back toward the $8.880 high. @OKX成长学院 #DailyOrbit Just now, MicroStrategy bought another 1,036 bitcoins. The total holdings have reached an astonishing 850,364. Many people only see how much Saylor spent again, but overlook the most valuable lesson behind it: True long-termism is not about daring to buy when prices rise, but about continuing to buy according to plan even when prices fall. ETF outflows, exchange hacks, US stock market crashes, end of bull markets... The market creates panic every day, yet Saylor keeps buying. Of course, I can't compare with his financial power. He buys 1,036 at once, while I invest a few hundred U every day at 3 a.m. according to the rules. Just yesterday, I transferred the 1.75 $BTC I had saved into my Ledger cold wallet. The scale is worlds apart, but the underlying logic is the same: Don't let short-term emotions dictate your long-term plan. Most people overestimate their ability to predict candlesticks but underestimate the power of long-term persistence. He continues to buy his 850,000 coins. I continue to accumulate my 2nd and 3rd coins. The hardest part of dollar-cost averaging is not buying, but sticking to the rules you set when clear-headed, even when the screen is full of bad news. See you in 2056.The greater the $BTC volatility, the more I only do three things Viewpoint: Volatility is not risk; not setting a stop loss is the real risk. Price fluctuations are normal; what really forces people out is holding on to an unbalanced position. Strategy: 1️⃣ Before entering, set a fixed invalidation price; if you can't set it, don't open a position; 2️⃣ Reduce leverage, switch from full position to isolated margin, and fix single trade risk at a fixed proportion of principal; 3️⃣ Do not double down on the same direction, diversify and hedge perpetual and TradFi positions, do not stack the same exposure. The value of TradFi is: putting US stocks, gold, crude oil, and BTC in one account allows you to distinguish whether the current volatility is "risk-off" or "liquidity contraction," which is much clearer than focusing on a single coin. Ranking doesn't guarantee you won't be liquidated; stop loss guarantees you have a next round. Are you still holding on, or have you already cut losses? 🔥Stop mistaking every rebound for a bull market comeback! The most obvious feature of the current market is that rebounds are getting weaker and weaker. 📉BTC has fallen back from around $82,000, with bottom-fishing funds near $79,000 and $76,000 coming under pressure one after another, and the price has returned to around $73,700. ETH has also experienced a significant decline; the bulls who kept adding positions before probably aren't as confident now. 🌪️I believe what we need to guard against next is weak consolidation rather than expecting an immediate strong price reversal. If every rebound fails to surpass the previous high, it indicates that the market structure hasn't fundamentally changed. Institutional fund outflows and leverage liquidations will also cause short-term rallies to lack sustained momentum. 🧭So my strategy is simple: don't blindly bottom-fish, don't chase rebounds, wait for confirmation signals at key levels. Spot positions can be built up slowly, but contracts must be based on structure. ⚠️Short-term bearish views don't mean being bearish forever; if the price retakes key resistance zones, judgments should be promptly revised. How long do you think BTC will continue to consolidate, and is there still a chance for the bull market to return? #美国10月CPI前瞻：12月加息预期会否改变？ Recently, some people asked, what new things are coming after ACO? Looking at the latest official updates, there are actually quite a few things coming up. First, regarding games, the second blockchain game is preparing to take the farm adventure route, which is different from the previous gameplay direction. The DEX also plans to update in future versions, aiming to bring a more streamlined experience. Additionally, the ACO public chain is waiting for the right time to launch, and RWA is exploring new application directions. There are also international offices, global talent, multilingual support, as well as light and dark modes. You will find that ACO is focusing not just on adding a few features, but gradually improving the entire development direction from product, technology, applications to user experience. Some of these plans are underway, while others are still in the planning stage; specific arrangements will be based on official announcements. No need to rush to conclusions about the future, just keep watching to see if each step can truly be implemented. #ACO #ACOChat #AladdinRWA🔥The biggest fear in trading is not getting the direction wrong, but having no plan at all and still believing that the next bottom-fishing attempt will definitely succeed! 📉In the past few days, BTC has dropped from $82,000 and $79,000 down below $76,000, with pressure still around $73,700. Many bulls who kept bottom-fishing are now trapped at various levels. ETH isn’t doing much better; market sentiment is clearly weak. 📊Why is this happening? Because many people only focus on how much the price has fallen, without considering whether the trend has reversed. The rebound hasn’t broken the previous high, volume hasn’t clearly recovered, and spot funds haven’t continuously entered. Such a rise can’t be easily taken as a reversal signal. 🛡️I always emphasize that you must set target positions in advance when trading. When going long, know where to set stop-loss; when going short, know where to take profit. No structure means no entry; no plan means no adding positions. 💵Today, I still lean towards caution. I’d rather miss a move than gamble on direction with high leverage. Do any of you still have long positions trapped? #美国10月CPI前瞻：12月加息预期会否改变？ 🚨 XPL HAS A BIG STORY, BUT WHY IS ITS PRICE STILL FALLING? Plasma is building stablecoin payment infrastructure, with zero-fee USDT transfers, payment cards, Stripe collaboration, and growing real-world use. But the token faces serious challenges: weaker liquidity, past security concerns, and heavy selling pressure from upcoming unlocks — including 228M XPL on November 25. The real question is: Can ecosystem growth turn into actual demand for $XPL? 👀 #DailyOrbit ANTHROPIC IPO WATCH: VALUATION EXPECTATIONS UNDER PRESSURE Anthropic is reportedly preparing for an IPO roadshow, with a potential fundraising target of $80B to $100B. However, the recent AI stock selloff has complicated valuation discussions. Reports suggest some investors are considering valuations between $1.1T and $1.3T. These figures reflect investor expectations, not confirmed IPO pricing. The real test will be whether revenue growth can justify ambitious #AnthropicIPOPriceDebate Layer 2 doesn't all rise together; even if $ETH falls, it can still go up $ETH is at 2,143.77, down 4.2% in 24 hours. $ARB is at 0.1718, actually up 1.2%. How is this calculated: the two coins are not synchronized because the payment and the purchased item are different. Using Arbitrum for transactions, the fee is paid in $ETH. What $ARB represents: buying $ARB means buying governance rights and ecosystem expectations, not transaction fees. So when $ETH falls, $ARB can move independently. A common misunderstanding: both are Layer 2, but $OP is at 0.09985, down 1.5% in 24 hours. If you say all Layer 2s move stronger together, $OP's market doesn't align with that. The gain/loss list puts public chain coins and Layer 2 governance coins in one row for convenience. What really matters is what currency the transaction fee is ultimately paid in. #BTC与ETH现货ETF单周净流出超16亿美元 #$ETH $ARB Wallet (0xC356) withdrew 34,601 $ETH ($73.75M) from #Binance over the past 3 hours after more than 2 years of inactivity. Is someone buying a huge amount of $ETH during the market crash?$XAU Some people asked, if Iran gives up control of the Strait of Hormuz, what impact will it have on gold? Previously, the default old thinking was: if the Middle East stops fighting, the demand for safe-haven assets disappears, and gold will fall. But this time it's different; this easing actually benefits gold, the logic is a bit roundabout. Iran loosens control of the strait → oil prices fall. Oil prices are a major driver of inflation. When oil prices fall, the market is less worried about inflation surging again. Inflation is no longer scary, so the Federal Reserve has no need to aggressively raise interest rates. Gold does not yield interest, so when rate hike expectations weaken, gold is more likely to rise. This is not just nonsense from Sister Lu; the market has already confirmed it: after the news came out, gold actually surged, touching around 4110. Overall, this news is only good for gold, not bad. Long positions should continue to be held, with a target of 4147. #US October CPI preview: Will the December rate hike expectations change? VITALIK CHALLENGES THE WAY ETHEREUM VALUE IS MEASURED Vitalik Buterin argues that Ethereum’s long-term value should not depend mainly on token burns. He points instead to decentralization, security, censorship resistance and ETH’s role in real-world asset and collateral use cases. EIP-1559 remains important, but lower fee burns do not automatically mean Ethereum is failing. The bigger question is whether real network utility can sustain long-term demand for $ETH. #VitalikETHStoreOfValue The New York Stock Exchange is moving stock settlement onto the public blockchain, this time choosing Avalanche. According to Bloomberg, the NYSE will settle tokenized stocks on the Avalanche blockchain. Tokenized stocks are the toughest and most valuable piece in the RWA narrative. The NYSE endorsement means Wall Street is starting to consider on-chain settlement as an optional infrastructure. Choosing Avalanche over the Ethereum mainnet signifies recognition of its subnet and customized settlement capabilities. This is generally positive for AVAX but more of a sector-level signal rather than an immediate change to AVAX's profit structure. Scenario one to watch: If real tokenized stock issuance and settlement volume materialize later, the narrative will truly connect with fundamentals. Scenario two to watch: If there is only hype without capital support, short-term price surges driven by the “NYSE + Avalanche” news are likely to be quickly given back. There is still some distance from the announcement to actual settlement volume, involving AVAX and the RWA and tokenized securities sectors, with sentiment leaning bullish. Do you value the NYSE endorsement more, or will you wait for real settlement volume before taking action? Source: BlockBeats🔥Some say that carving a mark on a boat to seek a sword is useless, but I believe that studying historical cycles is actually a very practical risk management method in the investment market! 📉BTC has currently dropped back to around $73,700, still some distance from the stage low of $57,800. For now, we can only say that the previous risk assessment seems to be materializing; whether a deep crash like in history will repeat remains to be answered by the market. 📚In 2018, BTC fell from around $6,000 all the way down to $3,000; in 2022, it continued to drop from around $20,000 to $15,000. History does not repeat exactly, but market sentiment, leverage liquidations, and cyclical pullbacks do have similarities worth studying. 💵Last year, when BTC rose to $110,000–$120,000, I chose to exit early based on historical trends and cycle patterns. Compared to blindly believing in an eternal bull market, I prefer to trust the risk signals I have summarized. 🧭Ordinary investors may not be able to accurately analyze all macro variables, but at least they can study historical highs and lows, pullback ranges, and cycle changes. Carving a mark on a boat to seek a sword is not 100% accurate, but it can help you prepare in advance. Do you think analyzing historical cycles has value? #美国10月CPI前瞻：12月加息预期会否改变？ 🔥BTC has dropped to around $73,700. What I want to say is: the market trend seems to validate some of the judgments, but the real test may still be ahead! 📉 There is still considerable room from the previous stage low of $57,800. What we need to watch next is whether the market will experience a second round of deep retracement similar to 2018 and 2022. In 2018, it fell from $6,000 to $3,000; in 2022, it dropped from around $20,000 to $15,000. These historical cases are worth studying repeatedly. 💡 Last year, when BTC surged to $110,000–$120,000, I chose to exit early and was not trapped by the eternal bull market sentiment. This was not because I could precisely predict the top, but because historical cycles taught me that the more frenzied the market, the more one should consider the risks. 📊 I don’t think ordinary investors must thoroughly research fundamentals, liquidity, and macro policies to trade. Historical trends, cycle patterns, and market sentiment can also serve as a basis for judgment. 🛡️ However, history can only provide reference and cannot guarantee repetition every time. Today, I still lean towards caution, first observing the rebound structure and not rushing to bottom-fish. Do you think this time will see a second round of decline similar to past bear markets? #美国10月CPI前瞻：12月加息预期会否改变？ #تدفع ASTS is a direct satellite communication service via mobile phone, offering commercial progress pending launch It currently has more than 60 ground gateways under development worldwide while targeting initial satellite coverage on regular smartphones by the end of 2026. It's great to see telecom company partners helping to fund the ground infrastructure so ASTS can focus more of its capital on expanding its constellation as the commercial service approaches. #Crypto market 24-hour liquidations reach $1.16 billion 【Follow Old Leek, Wealth Is Yours】$1.16 billion liquidated in 24 hours, bulls face concentrated washout The crypto market has undergone another intense deleveraging round. In the past 24 hours, the total liquidation volume reached about $1.16 billion, with the biggest casualties being the bulls betting on price increases rather than the shorts. During this downturn, BTC briefly dropped near $74,000, and ETH fell to around $2,100. The previously high-leverage long positions triggered forced liquidations one after another as prices rapidly declined. 1️⃣ ETH is the hardest hit in liquidations According to CoinDesk, ETH liquidations in the past 24 hours amounted to about $501 million, accounting for a significant portion of total liquidations; BTC liquidations were about $305 million. ETH’s price drop and leverage position adjustment pressure were notably severe. 2️⃣ Bulls are exiting en masse, market is deleveraging Derivatives trading volume increased over 200% in 24 hours, reaching about $180 billion, while open interest dropped about 3% to $127 billion. Increased trading volume alongside decreased open interest indicates a large number of positions are exiting. Note that liquidation amounts represent the notional value of forcibly closed contracts, not equivalent spot capital outflows. 3️⃣ Market risk appetite clearly cools down $BTC, $ETH, $XRP, and SOL are generally under pressure, and the options market’s expectations for short-term volatility are rising. Investors are increasing downside protection, indicating caution about further pullbacks remains.🔥The most dangerous thing in the market is not being bearish, but when the price rises to over a hundred thousand dollars, some still firmly believe the bull market will never end! 📉BTC has now returned to around $73,700. Although there is still room before reaching the stage low of $57,800, this does not mean the risk has been fully released. If the rebound is weak later and it falls below the previous low again, that is not entirely impossible. 📊Looking back at history, BTC fell from around $6,000 to $3,000 in 2018, and in 2022 it also experienced a deep correction from around $20,000 down to $15,000. The reasons for each cycle differ, but valuation corrections, leverage clearing, and panic emotions after the frenzy often share similarities. 💡When BTC rises to $110,000–$120,000 in 2025, I choose to exit, based on historical cycles rather than shouting eternal bull market with the crowd. Protecting profits in advance is sometimes more important than predicting the peak. 🧭I still believe studying history is valuable, but I won’t assume this time will definitely replicate the past. Today, I continue to watch the rebound highs and previous low structures. Do you think this cycle will have a second deep correction? #美国10月CPI前瞻：12月加息预期会否改变？ 📉 $BTC closed below the 50-week moving average, with over $1 billion long positions liquidated in 24 hours. My view: The market is still bearish, with resistance stacked around $74,888–$75,569, so I won’t chase the rebound. The $76,239 level has been tested with 6 rallies, 4 pullbacks, 1 breakout (which then fell back), and 1 no reaction; I won’t turn bullish unless it holds above this level. In the past 27.6 hours, $24.74 million long positions were liquidated, with $11.36 million U.S. Senator Issues Final Ultimatum to Binance: Confirm Receipt Today On November 5, U.S. Senator Richard Blumenthal sent letters to Binance, Tether, and two crypto companies linked to the Trump family: submit records by the deadline of January 4, 2027, or alternative measures will be considered. The letter to Binance CEO Changpeng Zhao demands confirmation of receipt today (November 9), with the first batch of materials due starting November 30. The letter is blunt: the Senate Permanent Subcommittee on Investigations minority party has been probing for 18 months, focusing on Binance’s anti-money laundering and the alleged $1.7 billion Iran-related transfers. Two hearings were held in February and April, but Binance has not submitted a single record. Blumenthal is now the minority party’s senior member and will become chairman when the new Congress convenes in January. At that point, requests for materials will no longer be "requests for cooperation." Note the tone: this is not a subpoena nor an accusation of guilt, but a voluntary request for records. However, the January 4 deadline is very deliberate—the new Congress convenes on January 3, making the next day the hard deadline. Following the shift to a Democratic majority, accountability letters are arriving first.$1.647B LEAVES US SPOT BTC AND ETH ETFs IN ONE WEEK US spot Bitcoin and Ethereum ETFs recorded combined net outflows of approximately $1.647B between November 2 and 6. Bitcoin funds lost around $1.282B, while Ethereum funds saw $365M in outflows. BlackRock’s IBIT and ETHA accounted for a significant share. The brief return to inflows on November 4 failed to reverse the trend. Sustained ETF demand will be important to watch for any recovery in institutional appetite. #BTCETHETFOutflows1.6B BTC trades near $74,674, down from its $87.4K weekly high. Lower highs and consecutive red candles show sellers still control the weekly structure RSI(6) at 36.96 signals weak short-term momentum, while RSI(12/24) near 47 shows recovery strength is limited Support $73.5K, then $70K Resistance $78K, then $82K A weekly breakdown below $73.5K could open further downside Reclaiming $78K would be the first sign of recovery wait for a confirmed breakout or breakdown #USCPIDecemberRateWatch $BTC As market makers reduce weekend market activity, DOGE's trading depth has noticeably become more fragile. Sunday’s trading volume may drop about 44% compared to Friday, meaning even small buy or sell orders could trigger more intense price fluctuations. 📊 Key points to watch next: - Weekend liquidity is insufficient, increasing the risk of short-term spikes and rapid pullbacks. - The market reactivates on Monday, with volume likely to gradually recover. - But volume growth does not equal a trend reversal. - A true recovery requires a thicker order book, narrower bid-ask spreads, and sustained spot buying support. My view: Don’t rush to be bullish on DOGE just because of Monday’s volume surge. First observe whether liquidity truly improves, then judge if the rebound can last. Remember: volume represents participation, but market depth determines price stability. #DOGE #Dogecoin #CryptoMarket #DailyOrbit #OKXOrbitTopicsROCKET LAB EARNINGS: NEUTRON PROGRESS IN FOCUS $RKLB is set to report Q3 2026 results after the US market closes on November 9. The company previously guided for revenue of $250M to $265M. Beyond the headline numbers, investors will be watching Electron launch activity, Neutron development and new space systems orders. Execution and delivery timelines could be just as important as revenue in shaping the company’s outlook. #RocketLabQ3Neutron TECH REBOUND FACES ITS BIGGEST TEST The November 5 selloff hit AI and semiconductor stocks hard, with the Philadelphia Semiconductor Index falling more than 12%. Nvidia and AMD bounced on November 6, helping lift the Nasdaq, but concerns around AI spending, data center regulation and high valuations remain. One recovery session doesn’t erase the damage. Investors need to see whether buying momentum can last. #TechStocksReboundWatch US CPI COULD SET THE TONE FOR DECEMBER’S FED DECISION October’s US CPI report is due November 10, with headline inflation expected to rise 0.3% month over month, down from 0.6%. Core CPI is forecast at 0.2%. Stronger payrolls and a 4.1% unemployment rate have already shifted rate expectations. A hotter-than-expected inflation reading could add further pressure on risk assets, while softer data may ease concerns. Markets are waiting for the next signal from the Fed. #USCPIDecemberRateWatch Dare not open more longs, today's crash must have reasons 1. Regulatory concerns rise after the US midterm elections, risk appetite declines 2. Binance $6 billion security incident shocks confidence 3. Tech stock crash transmission, BTC once dropped to around 74780, ETH fell over 7% 4. Over $1 billion leveraged positions liquidated, longs account for about 88%, liquidation triggers chain sell-off Originally wanted to open another long on $AKE, now dare not move. From 0.006 it has been steadilyI look at the crypto prediction markets and feel they are quite similar to digital options; both have expiration times and require checking trigger conditions. Spot trading is like how much Bitcoin rises or falls, but prediction markets are more like submitting an answer sheet—at the deadline, the rules judge right or wrong, and no matter how exciting the process is, it may not count towards the score. Odds reveal the market's assigned probability for an event, but when liquidity is thin, the price tag can fluctuate and it's not a leak of divine secrets. I originally just wanted to see if something "would happen," but just the question of "which exchange's quote to settle by" dragged me into a reading comprehension test.🚨 Ethereum is losing market share, but its ecosystem is far from losing strength! In 2021, Ethereum and its L2s controlled 72% of app fees. Today, that share is 39%, while Solana has climbed to 31%. But the bigger picture matters: active app economies have grown from just 6 chains to 16. Competition is rising, but Ethereum’s interconnected ecosystem remains a major advantage. 👀 #Ethereum #ETH #Solana #Crypto #DeFi #OKXOrbit #DailyOrbit 🔥US stocks fall, crypto falls, once market sentiment weakens, even rebounds become increasingly difficult! 📉 The most worrisome aspect of this market cycle is the simultaneous emergence of multiple risk factors. AI sector valuation adjustments, Nasdaq under pressure; strong US employment data challenges rate cut expectations again; changes in congressional power lead the market to reassess regulation and industrial policies. 💵 Some say US Treasury bonds have drained hot money from the market, but I think more accurately, investors are reducing risk exposure. Funds are unwilling to chase high-volatility assets, ETF buying has not clearly recovered, so prices naturally lack sustained upward momentum. 🌪️ A black swan event last October, severe volatility again this October. Two consecutive years of market shocks remind us not to take rallies for granted, nor to treat every crash as a buying opportunity. 🛡️ My current strategy is simple: spot trading in batches, contracts for structure, no high leverage bets on direction. Wait for Nasdaq to stabilize first, then see if BTC can volume-wise reclaim key resistance. Do you still have confidence to buy the dip now, or are you preparing to hold cash and wait? #美国10月CPI前瞻：12月加息预期会否改变？ On November 9, the crypto market continued its downward trend. Bitcoin hit an intraday low of about $73,500–$73,700, then fluctuated repeatedly around $74,000–$75,000. Ethereum was weaker, with a significant 24-hour decline, once dipping near $2,060, then consolidating in the $2,100–$2,140 range. Currently, the market is not facing a single negative factor but multiple overlapping pressures: Continuous outflows from spot ETFs; Weakness in US tech stocks dragging down risk assets; Concentrated liquidation of leveraged long positions amplifying the decline; Ongoing concerns about future regulation and interest rate paths. In the short term, watch whether BTC can hold $73,500–$74,000 and ETH can hold $2,100. If these levels fail, the market may continue to test lower support.  🔥Last October was a black swan event, and this October brings another round! Could it be that every year around this time, the market gives investors a lesson? 📊This time, from the US stock market to the crypto market, there are hardly any safe havens. The Nasdaq is dragged down by adjustments in the AI sector, tech stock valuations are starting to be repriced, and BTC and ETH are also under pressure. Originally expecting a rally after the elections, but risk sentiment quickly changed again. ⚠️What's more troublesome is that strong non-farm payroll data has affected market expectations for a Fed rate cut; policy uncertainty brought by changes in congressional power also brings new discussions for the AI industry and crypto sector. 💥So this downturn can't be judged by candlesticks alone. US stock risk appetite, dollar liquidity, ETF fund flows, and contract leverage could all influence the next move. 🧭I'm not rushing to guess the bottom now; first, let's see if the Nasdaq can stop falling, then if BTC can regain spot buying. Keep cash ready, wait for contract structures, and build spot positions in batches. Do you think this October's correction counts as another black swan? #美国10月CPI前瞻：12月加息预期会否改变？ When a company holds Bitcoin in units of "ten thousand coins" and increases its holdings, the market's pricing power has quietly shifted. As of November 8, Strategy's holdings were fixed at 850,364 BTC, with assets totaling 4.9 billion USD. This time, it added 1,036 coins. The quantity alone is not the largest in history, but consider another action it took simultaneously: repurchasing 188 million USD worth of STRC. On one hand, it is adding coins to its assets; on the other, it is reclaiming the tools it issued. Looking at these two actions together, the conclusion is straightforward: it is not short of money and does not intend to stop. Many companies buying coins halfway rely on issuing bonds or market sentiment to survive; once the financing window closes, they have to stop or even sell coins. Strategy's current state is that it is collecting on the financing side while increasing assets on its own terms, controlling the pace itself. Therefore, in this round of decline, the biggest potential seller in the $BTC sell pressure is missing. The "whale dumping" scenario does not hold for now. Conversely, $ETH and $SOL, which follow the overall market, lack this kind of support force, so when they fall, no one steps in to buy. What is truly worth considering is not how much it has bought, but under what conditions these coins will turn back into sell orders. With holdings of 850,000 coins, there are only a few exit channels; if any one of them is blocked, the price reaction will not be mild.$1.28 billion USD has left US spot Bitcoin ETFs in the past week, marking the largest weekly outflow since the end of June. On Friday alone, BlackRock's IBIT lost about $403 million USD. After this sell-off, the total Bitcoin ETF cash flow since the beginning of 2026 is negative $914 million USD. $ETH ETFs also recorded their sixth consecutive week of outflows, with $365 million USD leaving the market. $SOL is reportedly set to host its first tokenized stock venue operating under an SEC framework, with Galaxy, Exodus and Forward Industries shares on offer. Formation Securities plans to open it in early 2027.