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#AMD data center revenue nearly doubled, revenue and guidance both exceeded expectations
#AMD outperformed expectations but stock price fell #Circle Q3 revenue exceeded expectations, USDC on-chain transaction volume grew 49% $AMD After AMD's earnings report surged post-market, it turned down before the market opened on November 4. Highlights of the earnings report include strong growth in Q3 data center business, positive revenue and Q4 guidance, but notable weaknesses: significant declines in gaming and client businesses, combined with rising inventory and weak free cash flow, resulting in uneven growth structure. After the initial surge, profit-taking occurred due to high valuation and high market performance expectations. Meanwhile, the AI computing sector faced collective pressure, with market concerns over cloud providers cutting capital expenditures, dragging down stock prices through sector linkage. Thin pre-market liquidity further amplified volatility. Coupled with macro interest rate expectations, export controls, post-election regulatory and tax expectation games, and industry competition pressure, these factors collectively triggered the pullback. It is important to note that pre-market fluctuations do not necessarily indicate the final intraday trend; technically, the stock was previously oversold and still faces volatility risk.The most striking change today is not that Bitcoin fell below 76,000 again, but that the price bounced back while ETF money is still flowing out.
1. What happened? Bitcoin dropped to $75,690 intraday, then pulled back above $77,400; however, on the same day, the US spot Bitcoin ETF saw net outflows for the third consecutive day, with BlackRock's IBIT outflowing about $95 million in a single day, and Grayscale Mini Trust outflowing $52.6 million.
2. Why is this worth noting? A price rebound is the easiest to breathe a sigh of relief over, but the continuous bleeding of ETFs indicates institutions are still reducing positions. Retail bottom-fishing and institutional retreat are happening simultaneously, so the foundation of the rebound is not clean.
3. Which observation is currently more supported? It looks more like a repair after a leverage purge rather than a reversal of capital inflow. Long positions liquidated in 24 hours reached $269 million, the fear and greed index rose from 26 to 35, sentiment has recovered, but the money has not returned.
Key points to watch next: whether ETF outflows continue to narrow or IBIT leads another round of exits. Whether the rebound can hold is not seen from the candlestick chart but from the ledger. What do you think about this "price up, money out" wave? Let's discuss in the comments. $ETH $BTC There's something quite surreal: a cross-chain protocol token rose by 10%, and everyone thought it was good news, but actually North Korean hackers are using it to launder money.
The logic is simple—they first convert the stolen money into ETH on Ethereum, then use THORChain to swap it into Bitcoin. $48.3 million goes in, $42.7 million comes out, with 12% lost just on fees and slippage.
12%! Normally, who would pay that price to swap chains? Willing to pay means they're not buying cheapness, but leaving no trace.
So this round of RUNE, the excitement belongs to others, the revenue to the protocol, but who ultimately bears the risk is uncertain.$AMD 交出史上最强财报：营收133.8亿(+45%)，数据中心85.5亿(+97%)，EPS 2.09(+74%)，Q4指引170亿(+66%)。
盘后一度冲到523(+8%)。
然后，全部跌回去了。
盘前473，-2%。
这不是基本面问题，是筹码问题。 先看数字有多硬：
· 营收超指引上限
· 数据中心占比64%
· non-GAAP毛利率56%
· 经营利润率29%（去年24%）
· Q4环比+27%，增速还在加快
· 2027指引：营收增长>80%，服务器CPU翻倍
这是"加速中的加速"。 三大分部，冰火两重天：
数据中心 85.5亿 +97%
客户端 29.5亿 +7%
游戏 7.7亿 -40%
嵌入式 11亿 +29%
一台引擎拉动全公司，游戏和PC已经是拖累项。
别再用"PC芯片公司"的框架看AMD 增长的底牌是客户名单：
OpenAI 6GW
Meta 6GW
Anthropic 2GW（2027H1起部署）
微软Azure、Oracle OCI、Vultr/HPE
这不是意向订单，是已经进了Helios机柜的rack-scale部署。 为什么市场不买账？三个原因：
一个账户从8789.03¥的峰值一路摔到505.98¥，再爬回3529.29¥——这不是运气曲线，而是一场关于小市值币种定价权的压力测试。第40天，挑战者用两笔低倍空单给出了他的答案：在流动性稀薄的山寨市场，趋势的惯性远比反弹的诱惑更可靠。 先看账本。月度收益+2604.07¥，回报率97.80%，但这条曲线的剧烈程度本身就是信息：小币种市场的盈亏切换速度，足以在极短时间内抹掉数倍利润。真正值得拆解的，是他此刻的仓位结构。 $IRYS 空单，2倍杠杆打满可用资金，开仓价0.02129，现价0.02063，浮盈6.13%，清算价约0.04689。这是一个刚经历高位崩塌、随后低位横盘的新币——弱势格局未被打破，反弹缺乏成交量支撑。$LAB 空单则用4倍杠杆，开仓0.04511，现价0.04487，浮盈2.04%，清算价0.06708。作为小市值DeFi标的，它的长期趋势更弱，上方抛压沉重，反弹持续性差。 两笔仓位的共同点值得注意：都选择了低倍杠杆，而非追求瞬时爆发的极限倍数。这背后是一套明确的风控逻辑——用清算价作为硬边界，赌的是超跌反弹结束后的二次下行，而不是精准抄顶。$BTC 作为大盘Here's a fact:
$SUI rebounded from 0.8578 to 0.9196, rising about 7%, then quickly gave back to 0.90, dropping 1% within an hour.
Analyst Ali Martinez gave a TD buy signal on the 3-day chart, but this is only an indication of "declining downward momentum," not a confirmed reversal.
The real threshold is 0.92–0.94: the price is still about 30% below the late September high of 1.30.
If it can't hold above that, this is just an oversold rebound. The sharp drop and the subsequent rebound were done by the same person.
First, let's piece together the timeline.
Previously, as expectations grew that the Democrats would sweep both chambers of Congress, Bitcoin was hammered down from above 78,000 to 75,618 USD, hitting a new low since September 16. The crypto market was worried that with Democrats controlling Congress, the legislative process supporting cryptocurrencies would stall.
Then, the results became clear. The Democrats indeed won.
Normally, with bad news confirmed, prices should continue to fall. But Bitcoin did not. It stopped falling at 75,618 and then rallied back up to 78,700.
Dick Lo, founder of TDX Strategies, explained this clearly: "Bitcoin initially dropped due to the Democrats' comprehensive victory, but as the election results became clear and political uncertainty was removed, Bitcoin subsequently rebounded." The market had basically priced in this outcome — the options market priced about 1.8% volatility, actual volatility was about 1.7%, and there was no large-scale leveraged liquidation.
The sharp drop was due to "not knowing who would win." The rebound was because "now that we know, it's just like that." $BTC $ETH $SOL #美国中期选举：民主党赢得国会两院控制权 #CircleQ3营收超预期，USDC链上交易量增长49% #AMD数据中心收入近翻倍，营收及指引均超预期 A single on-chain channel rose 10% in 24 hours, not because of a demand surge, but because someone was fleeing.
TraderTraitor took $6.3 billion stolen from Binance, first swapped it to ETH on Ethereum, then used THORChain cross-chain to convert it to BTC. As of November 1, about $48.3 million passed through this path, ending with about $42.7 million — 12% was eaten by fees and slippage in between.
What does 12% mean? Normally, cross-chain fees of a few dozen basis points are considered expensive. Those willing to pay 1200 basis points are not buying efficiency, but "not being tracked."
So the recent rise in RUNE is essentially dirty money paying tolls to the protocol. The protocol income is real, but the demand is fake.
On the other hand, Binance froze about $2.85 billion and covered about 98% of the affected tokens with company funds. The FBI has attributed the October 29 incident to TraderTraitor and specifically asked THORChain node operators to block the addresses. But Elliptic says the stolen funds are mainly still moving between different addresses.
One point worth thinking about: an anti-censorship cross-chain protocol’s biggest paying customers may be criminals. This business model has no middle ground — either regulators choke the nodes, or it keeps earning this money.Xiaobai discovered today: coin prices are falling, but the companies printing US dollars are counting money 💵🤡
Circle's Q3 earnings report is out:
· Total revenue + reserve income $865M, up 17% year-over-year
· $USDC on-chain transaction volume $13.9 trillion, up 49% year-over-year
· Adjusted EPS $0.84, analysts only predicted 0.37
But Xiaobai caught two Easter eggs:
1) Reserve interest income actually down 8%, because yield dropped to about 3.5% — rate cuts really hurt stablecoin companies
2) $182M came from the pre-sale of ARC tokens on their own Arc chain, issuing tokens counts as revenue now? 👀
They also laid off 5%
Xiaobai's summary: more and more users, but earning interest is getting harder. Do you have USDT or USDC in your wallet?
#CircleQ3营收超预期，USDC链上交易量增长49%
Learning check-in, not investment advice 1104 这一轮行情，三天磨出来的修复预期，在短短半小时里被全盘抹除。 BTC 顺着小阳线慢慢向上爬行，慢慢把不少人的戒备冲淡，转头就落到 76200，ETH 摸到 2300 的时候，很多人已经愿意相信反弹会延续，很快又滑落到 2240。这种拉扯节奏，最容易悄悄改变大家对风险的感知。 连续数日的小幅抬升，会让人不自觉接纳偏向乐观的判断，把细碎的上涨信号当成趋势转向的凭证。 这份慢慢建立起来的笃定，不是来自扎实的盘面证据，只是平缓的行情消磨了等待的耐心，等到跳水来临，预期和现价之间的落差会直接冲击持仓心态。 急跌落地之后很容易生出两种冲动，看到价格下沉就想伸手接筹码，或是顺着下跌的惯性继续追空。 这两种动作都被短期波动牵着走，下跌这件事本身，证明不了底部已经站稳，同样也不能判定抛压会持续释放。行情擅长用时间做圈套，先耗光耐心，再击穿带着情绪进场的仓位。 现在点开你的持仓面板，逐一核对每一张单子预设的离场边界，确认当前浮亏有没有触及你提前定下的承受上限。 放量重新站上 76200，本篇对于群体心理状态的观察逻辑就失效。 BTC ETH币圈新手必看！这些交易真相，越早明白越好！ 送给刚进币圈的朋友们几句话： 凡是劝你恐慌下车的声音，别轻易相信；凡是催你赶紧上车的声音，也要保持警惕。你觉得行情岌岌可危时，可能机会正在酝酿；当你觉得遍地都是机会时，也可能风险已经悄悄来临。 利空不跌，可能是强势信号；利好不涨，反而要警惕调整。 这不是绝对规律，但值得参考。 都在喊着抄底，未必是真底；所有人都在做空，也不代表行情马上就会跌。交易别总想着吃满全程，只吃中间那段确定性更高的利润，不猜底，也不摸顶。 K线可以参考，但别被短期走势牵着鼻子走。短期猜对一次不难，长期靠猜，迟早会掉进陷阱。 当你被行情跌到绝望、所有人都不敢买的时候，反而要开始观察机会；但观察不等于盲目抄底，还是要等信号确认。 害怕错过和贪婪，是交易中最容易让人失去理智的两个敌人。 越怕踏空，越容易追高；越想赚满，越容易把利润还回去。 你的对手盘不只是和你做反方向的人。合约交易中，交易规则、手续费、滑点和强平机制，都会影响你的最终收益。长期高频、高杠杆地玩合约，普通人很容易陷入被动。 极端行情下，不同平台的价格、指数和标记价格可能存在差异，爆仓结果也可能不同。所以别总觉得Tonight is a typical night full of news. Friends trading off-exchange should pay close attention to timing, as rapid stop-loss sweeps and back-and-forth shakeouts often occur around data releases.
Do not try to predict in advance when trading; it is recommended to wait until the data is released and the market stabilizes before looking for opportunities. Avoid chasing the instantaneous pulse of data-driven moves. If you don’t have an open position, just wait for the data to drop before trading. Make sure to always set stop-losses before entering; do not hold losing positions. The news-driven market has a very low tolerance for errors. $BTC $ETH
#美国中期选举：民主党赢得国会两院控制权 Tonight at 21:15, the US October ADP employment data will be released
The market expects an increase of 69,000 jobs, down from the previous 90,000, indicating that the slowdown in employment growth is already priced in
Today, the Nasdaq 100 briefly turned down before the session, so this data is worth paying attention to:
The market may no longer simply view weak employment as a positive 🤨
If the data is slightly below expectations, the rising expectations of rate cuts might provide some support to the Nasdaq and $BTC
But if employment deteriorates significantly, market concerns may shift from interest rates to economic growth, causing risk assets to come under pressure
Therefore, tonight I am more focused on the reaction of US Treasury yields and the Nasdaq after the data release, especially whether tech stocks can rally when rates decline
After all, Friday has even more important nonfarm payroll data; tonight's ADP is more like a rehearsal
My judgment is that a mild weakening of the data may be beneficial for risk assets, but a large miss could warrant caution for further market declines
Cooling employment is good news, but a sharp employment slowdown is a different story
#美国10月非农前瞻：就业增长或牵动12月加息预期 #Meta issues another $15 billion in bonds, raising financing costs. The funds are primarily allocated for AI computing power and data center expansion, serving as complementary financing for this round of massive capital expenditure. Although subscription demand for the bonds is decent, compared to April this year, the yield spread for bonds with the same maturity has significantly widened. There are two core pressures behind this: first, the current overall high-yield environment of U.S. Treasury bonds; second, growing market concerns over Meta's "continued cash burn and uncertainty in AI return realization," with S&P having downgraded its credit outlook to negative.
In the short term, Meta remains investment grade with solid cash flow fundamentals and no default risk. However, ongoing debt issuance combined with equity financing will continue to increase interest expenses, squeezing future profits. The market's dilemma lies in the rapid pace of computing power investment, while monetization of AI cloud and large model businesses lags behind capital expenditure, extending the investment return cycle. This is the main reason for the recent market repricing of its credit risk.
On the market front, the news is somewhat bearish for META's stock price, as high-valuation growth stocks are very sensitive to financing rates; it also indirectly confirms that leading AI companies are collectively competing for computing power and capital, driving up financing premiums across the tech sector. For the crypto market, this represents rising funding costs for tech giants and an overall contraction in institutional risk appetite. $BTC $ETH $SOL #BTC spot ETF capital outflow, corporate treasury accumulation slows down
The ETF outflows these past two days look scary, but it’s increasingly looking like an issue with just one client of BlackRock.
Farside’s data for 11/3 is out: the whole market saw a net outflow of $116 million, much smaller than the $399 million on 11/2. IBIT had $95 million outflows, and Grayscale’s mini BTC also had some outflows. Bitwise and Fidelity actually had small inflows.
In total, the two days saw $514 million outflows, with IBIT alone accounting for $500 million. On 10/30, Fidelity and ARKB were also selling together, but this week it’s just IBIT on its own.
For those holding BTC, this means the selling pressure on the spot market is currently concentrated in one channel. But no new money is stepping in to buy; the few million from others can’t fill IBIT’s hole.
So I don’t quite buy the idea that "everyone is running." Next, I’ll watch if IBIT alone remains the main force. If Fidelity and ARKB also have another day of outflows before Friday, I’ll admit I was wrong and that the whole market is pulling out.$SPCX After this midterm election, the real concern might be rockets!
With the Democrats taking control of the House, Musk's days might not be so easy. After all, he previously invested a lot of resources in political battles, and now that the congressional landscape has changed, subsequent scrutiny around government contracts, funding support, and SpaceX-related collaborations could increase uncertainty.
Especially government orders and related contracts—once they attract more attention, the market will inevitably reassess SPCX's outlook.
Although many tech stocks and the storage sector rebounded today, the performance of big rockets was noticeably weak, which is a signal worth watching.
My approach is clear: no rush to bottom-fish in the short term; instead, focus on shorting opportunities during rebounds.
Operationally, continue to watch the resistance around 135, and patiently wait for rebound opportunities near 125.
The end of the election does not mean the end of risks; some stocks' tests may just be beginning! $SNDK $SKHYNIX #美国中期选举：民主党赢得国会两院控制权 The Crazy Comeback of Gold: From the Shadow of a Plunge to a Strong Rebound, Is $4000 a New Starting Point or the Bulls' Last Celebration? $XAU
When everyone was doubting whether the gold bull market had ended, gold declared its presence to the market again with a strong rebound.
On November 4, 2026, the gold market once again became the focus of the global financial markets.
After a significant prior adjustment, international gold prices saw a strong rebound. Spot gold rose nearly 3% at one point, climbing back near the $4000/ounce mark, with a weaker dollar being a key driver of this rebound.
But what truly deserves attention is not how much gold rose today, but a deeper question:
Is gold brewing the next historic rally, or is it using this last wave of rebound to lay the groundwork for a deeper correction?
This could be one of the most closely watched financial market battles in Q4 2026.
1. The Gold Market Is Staging a Thrilling Reversal
Looking back at gold’s performance in 2026, one word sums it up: wild.
At the start of the year, international gold prices hit a historic high of $5595/ounce, then sharply retreated, falling to around $4000.
From the peak to this phase low, market sentiment changed dramatically.
Investors who were once firmly bullish on gold began to hesitate, and voices claiming the gold bull market was over grew louder.
However, on November 4, gold suddenly launched a strong counterattack.
According to Reuters on November 4, spot gold rose about 2.9%, reaching around $4041.77/ounce.
Behind this rebound were important factors: a weaker dollar, changes in the U.S. political landscape, and the market’s reassessment of future economic policies.
But there is a phenomenon worth pondering here:
Why can gold still quickly attract market funds after such a large adjustment?
The answer may not be just inflation.
Rather, global investors’ uncertainty about the future financial environment has not truly disappeared.
2. The Dollar Is Losing Some Advantage, Gold Regains Opportunity
There has long been a complex competitive relationship between gold and the dollar.
When the dollar strengthens, gold priced in dollars often faces pressure; when the dollar weakens, gold usually gains upward momentum.
The gold rebound on November 4 reflects this market logic.
The U.S. midterm election results changed some market expectations about U.S. political and fiscal prospects, weakening the dollar and giving gold new upward momentum.
But the dollar is only part of the story.
What truly influences gold’s medium- to long-term trend is global investors’ comprehensive judgment on dollar assets, government debt, inflation, and monetary policy.
If the market starts worrying about the continued expansion of the U.S. fiscal deficit or doubts the dollar’s long-term purchasing power, gold’s appeal as a non-sovereign credit asset could further increase.
It should be noted that the dollar and gold do not always move strictly inversely. Real interest rates, capital flows, and market risk appetite can also alter their relationship.
Gold’s true competitors have never been just the dollar, but other assets within the global financial system.
3. Central Banks Are Sending a Clear Message: Gold Remains Important
If short-term gold prices are influenced by market sentiment, then central banks’ gold purchases deserve even more attention.
The World Gold Council’s Q3 2026 gold demand report released on November 3 shows:
Global central banks’ net gold purchases in Q3 reached 321 tons, a 42% year-on-year increase.
Central banks’ net gold purchases for the first three quarters of 2026 totaled 675 tons.
Global gold ETFs saw a net inflow of 211 tons in Q3.
Global gold ETF holdings reached a record high of 4256 tons.
These data send a very important signal:
Gold has not lost its strategic allocation value despite price adjustments.
For central banks, gold is not just a precious metal but a tool for reserve asset diversification.
It does not rely on any country’s credit promises nor depend on a single currency system to maintain its value.
In the context of ongoing changes in the global economy, geopolitics, and international financial environment, this attribute is especially significant.
However, another fact cannot be ignored: high gold prices are suppressing some physical gold demand.
World Gold Council data shows that global gold jewelry demand in Q3 fell 17% year-on-year, and demand for gold bars and coins dropped 19% year-on-year.
This means the gold market is showing clear differentiation:
Institutions and central banks still maintain certain allocation demand, while some ordinary consumers are becoming cautious about the high prices.
This is a battle between different types of capital.
4. Gold’s Biggest Enemy May Not Be a Plunge, But High Interest Rates
Many believe that as long as global economic uncertainty exists, gold will rise.
This understanding is incomplete.
One of gold’s biggest characteristics is that it does not generate interest.
When U.S. Treasury yields continue to rise or the market expects the Federal Reserve to maintain higher interest rates, the opportunity cost of holding gold increases.
Investors may reconsider their capital allocation.
This is why gold sometimes shows seemingly contradictory behavior:
Global economic risks increase, yet gold falls instead of rising.
The 2026 gold market has fully demonstrated this complexity.
According to Reuters on October 27, due to relatively high U.S. Treasury yields, a stronger dollar, and changes in interest rate expectations, analysts lowered their gold price forecasts for the year.
Yet market reports on November 4 show traders still expect a high chance of a Fed rate hike in December.
This means gold has not entered a frictionless upward environment.
Whether gold can sustain its rebound largely depends on changes in the dollar, real interest rates, and Fed policy expectations.
If rate pressures strengthen again, the rebound momentum gold just built could be tested once more. $BLUR is priming for a violent bullish reversal.
Key support levels are holding firm as buyers step in to absorb dip supply.
Buy Zone
0.007450 - 0.007655
Ep
0.007550
Tp
0.008000
0.008500
0.009100
Sl
0.007200
Selling exhaustion has set in cleanly while aggressive bids form a solid foundation. Expect a fast upside expansion wave toward higher liquidity pools.
Let's go $BLUR
#OKXOrbitTopics Circle ($CRCL) reported Q3 2026 results. Shares first rose ~3.7% pre-market, then reversed to about -3.2% at $72.83. Key numbers: Revenue + reserve income: $865M (+17% YoY) Net profit (continuing ops): $226M (+5%) Adjusted EBITDA: $317M (+85%) What stands out: 1️⃣ Core income is shrinking. Reserve income fell 8% to $658M, while other income surged 627% to $207M, with $182M coming from the ARC token presale. Headline growth leans on this line. 2️⃣ Usage is outpacing monetization. Average $USDC su$BTC BTC first dropped to 75731 today before pulling back to 77700, with an intraday swing of 3000 dollars. It rebounded after the Democrats won all seats in the midterm elections. But look, the fear index is only 34, and retail optimism is 58 — the market hasn't fully trusted the price rise yet.
The funding rate is neutral at 0.01%, open interest barely moved, and stablecoins shrank by 1 billion. This wave is just short covering, not new money entering. Don't think a bull market has arrived just because prices are rising; in a real bull market, the funding rate would surge above 0.03%.
My view is: the rebound is real, but it's just a cover. Before the last FOMC, I stayed out waiting for the result; when the statement came out and it jumped 10%, I missed it. This time I won't miss out again, but I also won't chase the highs. 76000 is the bottom, 78000 is the top, trade within that range. If someone tells you it will break out, let them push the funding rate up first. #美国中期选举：民主党赢得国会两院控制权 #美国10月非农前瞻：就业增长或牵动12月加息预期 #BTC现货ETF资金流出，企业财库增持放缓 #CircleQ3营收超预期，USDC链上交易量增长49% #Oracle AI cloud business grows rapidly, plans to raise $20 billion to support expansion
The leader has something to say
Oracle's $20 billion financing round has directly slammed market sentiment into a big pit. Issuing 1 billion new common shares at an 11% discount, priced at $116, plus $10 billion in bonds, with new bond spreads 95 basis points higher than old bonds, interest rates heading toward 8.6%.
On one hand, the cloud business is indeed booming. Last fiscal quarter OCI revenue surged 84%, cloud infrastructure sales grew 121%. On the other hand, it became the first large tech giant with negative free cash flow, with a $23.7 billion outflow in fiscal 2026 and total borrowings exceeding $125.3 billion.
I believe Oracle has been completely hijacked by the AI infrastructure arms race. Just days ago it promised a financing cap, then immediately maxed out the quota. S&P even downgraded its rating to BBB-, and the market started pricing its new debt according to junk bond logic.
Oracle's predicament represents a turning point for the entire AI infrastructure narrative. Capital is no longer blindly paying for computing power and is beginning to scrutinize huge debt and return cycles. The crypto market is extremely sensitive to this kind of structural credit squeeze, which often first manifests as a contraction in risk appetite.
BTC is still oscillating between 77,000 and 80,000, watching to see if it can hold above 80,000. If it can't hold, expect a deeper pullback, with resistance above at 84,000 to 85,000. Don't chase the rally or sell in a panic; set your stop losses properly.
The above analysis is time-sensitive; orders must have stop losses set. Good luck. $BTC $ETH SMCI's earnings report blew past expectations, surging to about 35 after hours, then dropping back to 31.4 before the US market opened. I'm not chasing it.
Here's what I saw: The official IR (11/3) recorded Q1 revenue at $19.9 billion (up about $500 million YoY), Non-GAAP EPS at $1.81; Q2 guidance at $19.5–21.5 billion, full year at $72–82 billion.
Yahoo reported that after closing at 31.39 yesterday, it briefly hit 33.65 after hours (about +7.2%).
OKX perpetual is around 31.45 now, 1-hour K chart high at 35.01; Nasdaq pre-market about 31.41 (8:01 AM ET).
CNBC on the same day wrote that with Democrats sweeping both chambers and a change in Texas governor, data center stocks are under pressure.
My take: The earnings numbers are solid, but the political landscape has knocked down the AI infrastructure premium; the spike and pullback feels more like profit-taking than confirmation of a new trend.
What I'll do: Watch and not chase. First, see if it can hold above 33 again; if it falls below yesterday's close of 31.39, the short-term earnings rebound narrative fails.
What do you think? Should we wait for a rebound above 33, or wait for a break below 31.4 to confirm failure before deciding?
$SMCI $NVDA $AMD
#美国中期选举：民主党赢得国会两院控制权 #AMD数据中心收入近翻倍，营收及指引均超预期 ONDO rose slightly against the trend by 1.84% to stand at $0.392, with a market cap of $1.91 billion highlighting the fundamental resilience of the RWA sector. However, the daily volume of $2.41 million only accounts for a turnover rate of 0.13%, with social sentiment completely lacking on both bullish and bearish sides, and smart money net short positions at zero, presenting a divergence pattern of "price rising with volume shrinking, smart money watching from the sidelines."
Although the narrative of physical asset tokenization has a long and solid foundation, pricing power in the secondary market has shifted from narrative to fundamental realization. ONDO's current valuation implies an annualized yield of about 4.5%, with a risk premium over U.S. Treasury bonds of only around 100 basis points, compressing the safety margin to the extreme. On-chain data shows the number of institutional holding addresses has slightly increased for three consecutive weeks, but the average holding per address has decreased, indicating retail investors are taking over — a signal that adjustments are likely to continue before the expected interest rate decline materializes.
Core judgment: ONDO's valuation has already priced in short-term positives. Without new TVL or protocol revenue catalysts, the probability of a pullback to the $0.35–$0.37 range to reshape the risk-reward ratio is relatively high.Wall Street funds are starting to "change faces" again. What do you think about this rebound?
Friends in the community, have you noticed? Wall Street's moves this time are really hard to understand. A few days ago, they were collectively retreating, and today they are buying, buying, buying again.
Data: BTC net inflow of 40.8 million, ETH inflow of 29.4 million, and SOL has also turned positive. The three major forces are simultaneously recovering, but does this really mean the market is about to reverse? Let me pour some cold water on that.
We can't just look at one day's data. ETH has had a net outflow of 680 million over the past 30 days, and SOL has also seen an outflow of over 50 million. This shows that although institutions have turned back, they have not fully shifted to bullish. Looking at current prices: BTC is at 84,500 (with strong resistance at 85,000), ETH at 2,507 (a battle around 2,500), and SOL at 108.4 (110 is hard to break).
This rebound might just be the calm before the storm.
Let's talk opinions: Do you think this wave of funds is here to bottom-fish or to do short-term swing trading? Before 10.28, would you choose to go heavy for a gamble or light to observe? Share your thoughts in the comments!
This is just a market record and does not constitute investment advice.
#美国10月非农前瞻：就业增长或牵动12月加息预期
#美国中期选举：民主党赢得国会两院控制权
#CircleQ3营收超预期，USDC链上交易量增长49% #US Midterm Elections: Democrats Gain Control of Both Houses of Congress
Will Trump retaliate? After the Democrats won both chambers, the American political drama is just beginning!
Facing Democratic control of both the House and Senate, how will Trump respond next?
I believe he is unlikely to fully concede and will instead adopt three strategies.
First, continue to use executive power to push tariffs, immigration, trade, and foreign policies, trying to maintain his policy initiative.
Second, seek bipartisan common ground to cooperate on budget, infrastructure, employment, and some industrial policies.
Third, turn Democratic control of Congress into his political bargaining chip. If the economy performs well, he can claim it as the government's achievement; if it performs poorly, he can blame Congress for obstructing policies.
Of course, Democrats won’t sit idle either; congressional investigations, hearings, and budget negotiations may become the norm over the next two years.
This means American politics may become livelier, but major policy changes could slow down.
For the market, the most important thing is to watch whether both sides escalate political battles into a fiscal deadlock.
Politicians can argue, but investors have to do the math. Hopefully, both sides remember that the economy is not a debate contest, and the people's wallets are the real judge!$BTC $ETH Observation: Contract funds are increasing positions, spot ETFs have had outflows for 7 consecutive days
ETH is currently at $2319, up 1.70% in 24 hours, with a low of $2226, slightly stronger than BTC's 1.46%
Funds are moving in opposite directions on both sides. CoinDesk data shows ETH contract open interest increased by 4.2% in one day, outpacing the price increase during the same period, while BTC open interest only increased by 1.6%
On the spot side, SoSoValue reports that on November 3, ETH spot ETFs had a net outflow of $85.35 million, marking the 7th consecutive trading day of outflows, with BlackRock's ETHA alone seeing an outflow of $74.44 million
Options are not following the rally either; among the 6 most active ETH contracts, 4 are bearish, while BTC is the opposite
Regarding levels, the 200-day moving average is at 2313, the current price has just risen above it, with the 100-day moving average at 2350 as the first resistance. If 2313 does not hold, it will return to the previous weak structure. #US Midterm Elections: Democrats Gain Control of Both Houses of Congress
With Democrats controlling both chambers, will Crypto regulation change? Bitcoin investors, don't pop the champagne just yet!
With Democrats winning both houses, the biggest concern in the Crypto market is: will US cryptocurrency regulation suddenly shift?
My view is that the biggest short-term change may not be immediate tightening or loosening of regulations, but rather that the legislative process and policy negotiations will become more complex.
Democrats control congressional committees and agenda-setting power, which could strengthen oversight of the crypto industry, trading platforms, stablecoins, and digital asset markets.
However, the Democratic Party's stance on Crypto is not entirely unified; it cannot be simply labeled as fully supportive or fully opposed.
For BTC, what truly matters is whether US institutions can obtain a stable, clear regulatory framework, and whether long-term funds like pensions, funds, and publicly listed companies continue to participate.
There may be news-driven market moves in the short term, legislative progress in the mid-term, and ultimately it depends on adoption and capital demand in the long term.
I have always believed that clear regulation is more important than regulatory slogans.
What Crypto needs is not a policy direction that changes every day, but a system that allows innovators to work with peace of mind and investors to have rules to follow.
After all, the market can be volatile, but the rules are best not to drift! $BTC $XLM is priming for a violent bullish reversal move.
Key demand levels are providing maximum support for buyers.
Buy Zone
0.1580 - 0.16237
Ep
0.1600
Tp
0.1700
0.1800
0.1920
Sl
0.1530
Selling pressure has dried up completely near structural support. Expect an explosive upside push as buyers re-engage with heavy volume.
Let's go $XLM
#OKXOrbitTopics $xTSLA is setting up a high-probability bullish reversal right off major support.
Selling pressure has fully dried up as buyers absorb the local order blocks.
Buy Zone
368.00 - 376.33
EP
368.00 - 376.33
TP
390.00
405.00
422.00
SL
359.00
Volume profile indicates steady accumulation forming a tight launchpad near the base. A clean reclaim of immediate resistance paves the way for a rapid upward stretch.
Let's go $xTSLA
#OKXOrbitTopics . $BTC #美国中期选举：民主党赢得国会两院控制权 加密总统还在，但加密国会没了。 中期选举落幕，民主党横扫两院。过去18个月，川普在币圈做了一场史无前例的实验：一边给史上最友好的监管，一边让家族直接下场变现。 现在实验结束了，账该算一算。 一条长文，说清这23亿美元的去向。 先看一组对称的数字。 川普家族加密获利：超过23亿美元。 同一时期，超过100万散户净亏损：约23亿美元。 一进一出，几乎完全相等。 这不是巧合。家族控制World Liberty Financial六成权益，TRUMP币的版税机制无论涨跌照收不误。 散户不是投资者，是退出流动性。 公平地说，他确实给了币圈最想要的东西。 联邦稳定币法案落地，战略比特币储备建立，SEC从起诉改成握手，比特币ETF累计净流入570亿美元。 比特币因此冲上12.6万美元的历史新高。 这是币圈等了十年的制度承认。 但代价写在另一本账上。 WLFI代币从峰值跌去八成，TRUMP币跌去九成八。 一条关税推文，单日爆仓190亿美元。 政策最友好的2025年，比特币全年反而收跌18%。 政策给了确定性，宏观又把确定性收了回去。 11月3日，选Bitcoin has rebounded from a six-week low, climbing back above $78,000, but during the same period, Bitcoin ETF outflows have exceeded $1.15 billion, and institutional selling pressure is beginning to ease. The price is rising while funds are withdrawing; this divergence itself is worth close attention.
On one side, ETFs continue to see net outflows and institutions are reducing positions; on the other, the price refuses to drop further, with short-term buying returning. The $78,000 area is a recently confirmed support level. Whether the rebound holds depends on two key points—whether ETF outflows converge and whether trading volume expands with the rebound.
If outflows persist and the price only shows pulse-like surges, it is more likely short-covering rather than genuine buying. Practically, it is unwise to blindly chase highs before ETF funds turn positive. Focus on daily ETF net inflow data and whether the $78,000 support is tested again.
Source: CryptoNews
#BTC
Are you more concerned about ETF outflow convergence or the $78,000 support being tested again? There's something I've never quite understood: when a company issues bonds, why does everyone rush to buy them?
Meta issued euro bonds for the first time, and subscriptions flooded in for €53 billion. The pre-market stock price even rose 0.61% to $626. My first reaction was, if they're borrowing money, doesn't that mean they need money? How can needing money be a positive signal?
Later I realized, they’re not actually short on cash; the market recognizes them. Issuing bonds is like selling credit as a commodity—the better it sells, the more it shows there are buyers.
From the crypto side, it feels a bit sour. $BTC is constantly questioned about its real-world use, while Meta’s bond money lines up at the door.
The difference isn’t in the quality of the assets, but whether there’s an established pricing mechanism. Don’t use this to hype crypto; where one side is crowded, the other naturally cools off. The most valuable thing about Dogecoin isn't necessarily its hype. It's the fact that it has survived for more than a decade. Thousands of crypto projects have disappeared, but DOGE is still here, supported by a recognizable brand, loyal community, exchange access, and global awareness. 1. Lindy's Law
The longer something survives, the more confidence people may develop in its continued existence. DOGE has already survived multiple bull and bear markets. 2. Community Is Its Biggest Asset
Its recMeta gave the bond market a number last night: €53 billion.
First, let's look at the phenomenon. Meta rose 0.61% pre-market, trading at $626. At the same time, the company entered the euro bond market for the first time, receiving subscription demand of €53 billion, setting a record.
Now, the structure. The €53 billion is subscription demand, not the issuance size. Only a small portion actually received bonds; the rest is queued money that didn't get allocated. The oversubscription doesn't measure how much money Meta needs, but how much capital in the European bond market is waiting for the name of a US dollar tech giant.
Mechanically, this is a credit pricing event. A US company borrowing in the euro market means putting its balance sheet into another interest rate system for repricing. The crazier the subscription, the cheaper the price this system offers. For those watching macro, it's a signal: long-term money is still looking for duration, not running away.
The relationship with crypto is not causal but about sentiment. The fact that a giant can smoothly raise money in the bond market shows risk appetite hasn't died out. But on the other hand, this money might have gone to higher volatility places but is now held by coupon yields. $BTC is the most sensitive to liquidity and won't get incremental inflows in the short term.
My judgment: this should not be read as a crypto positive but as a record of capital diversion. If a batch of tech companies follow with euro bond issuances, it's collective action; if only Meta does, it's an isolated event.
One question remains: of the €53 billion subscription, how much is buy-and-hold allocation and how much is first-day flipping trading?The Republican Party suffered a crushing defeat in this midterm election, with the Democratic Party regaining control of both chambers of Congress. This outcome means that Trump will be in a "lame duck" status for the next two years, facing risks of investigations and even impeachment; for Musk, his massive political investments are lost, and his companies will face stricter regulatory scrutiny from the Democrat-led Congress. After the election results were announced, Tesla's stock price fell more than 6% in pre-market trading, SpaceX dropped about 5.6%, significantly underperforming the broader tech stocks.Prediction-market expectations are increasingly pointing toward Democrats gaining control of Congress, with reported odds reaching 70%. Midterm elections are often viewed as a referendum on the sitting president. Economic conditions, inflation, public sentiment, and policy controversies can all influence the outcome. But political history also reminds us that polling expectations do not always translate into final results. What could this mean for markets? Bitcoin: Regulatory expectations, instiPrediction markets are heavily betting on a major Q3 revenue beat for Circle Internet Group Inc. ($CRCL). Ahead of its upcoming earnings report, Polymarket odds have climbed to a 73% chance that the USDC stablecoin issuer will surpass a GAAP EPS of $0.37.
Wall Street analysts estimate Q3 revenue will hit $791.2 million, marking an impressive 12.8% growth quarter-over-quarter and a 7% jump year-over-year. #CircleQ3RevenueBeat A friend told me that BTC always declines after US midterm elections. But looking at history more closely, that conclusion misses an important detail. 2014: BTC was trading below a declining 200-day moving average, with no confirmed trend reversal. 2018: Another deep bear-market phase. Price remained under major moving averages, and the broader downtrend was still intact. 2022: The market was also dealing with a prolonged bear-market structure. 2026: The technical picture is different. BTC previ$RIOT
$28 billion. Riot has leased out the entire 910MW IT capacity of the Corsicana campus, according to the 20:46 breaking news.
The flip side of the same document is: in the first three quarters, they sold 20,264 BTC, cashing out $1.5 billion, and used the money to build data centers. Miners have turned themselves into data center landlords; the coins are fuel, not positions.
The token reacted sharply. At 20:00, it jumped from 13.9 to 15.3, with 8,615.8 contracts traded, compared to 582.8 contracts previously, a fifteenfold increase; over 24 hours, it rose from 12.06 to 14.98, up 24%.
The pool is ridiculously thin. OKX perpetual positions are only 4,563 contracts, equivalent to $69,000, with a fee rate of 0.0000. Those entering at this price are news-driven hands, not position-building hands.
This morning I was still writing about misreading the semiconductor double top, and tonight I encountered another one I dare not chase. Understanding and profiting have always been two different things.
#美国中期选举：民主党赢得国会两院控制权 $ETH's rhythm today is quite similar to Bitcoin's, with a surge followed by a pause, hovering around 2310.
The long-short ratio is about 1.48, with bulls making up nearly 60%. The sentiment leans bullish but isn't extremely crowded, unlike SOL which has a scary clustering. Funding rates are mostly positive, occasionally dipping into negative territory, indicating many short-term traders are doing high sell and low buy, not blindly pushing in one direction.
The first short-term resistance is between 2360 and 2390, where there is selling pressure ahead; breaking through requires volume. The strong resistance lies between 2440 and 2470, a key watershed for opening up upside space.
Defensive support is first seen at 2260; holding here means the short-term bullish momentum remains. If volume breaks below this, the next support is at 2200, and breaking that calls for caution as rebounds may weaken.
In summary: biased bullish but not blindly chasing. Currently, it's a consolidation test after a rebound. Until resistance is broken with volume, chasing highs has average cost-effectiveness; it's much more comfortable to consider buying after a stable pullback at support.Binance hackers are still dispersing SOL tokens into multiple new wallets. Several days have passed since the hack, but the funds continue to flow!
According to Bitquery data, about 41,000 $SOL have been exchanged for USDC and distributed across multiple wallets. Other branches of this cryptocurrency are also transferring assets between different networks via bridging and THORChain.
I think it's worth noting not only the volume of SOL sales but also the increasingly complex tracking process. How long do you think this selling pressure from the hackers will last? #CircleQ3 revenue exceeded expectations, USDC on-chain transaction volume increased by 49% $xCRCL Why are so few people buying into Circle's narrative now? I think there are two reasons:
1. The business model is inherently fragile: profits are highly tied to the Federal Reserve interest rates, and revenue is single-sourced. The vast majority of profits come from interest on USDC reserves in U.S. Treasury bonds, but its scale grows very slowly.
So even though U.S. Treasury yields have surged recently, $CRCL hasn't risen much because everyone is looking at expectations.
2. Recently, it also faces selling pressure from the 180-day lock-up release after the IPO, and continuous insider selling by directors. As long as there is a large potential sell-off looming, institutions will not actively sustain net inflows.
But it must be said, Circle's narrative is still very appealing.
Within two years, Stripe, Mastercard, and Circle itself have acquired a total of three stablecoin companies, with a total amount exceeding $3 billion. The main battlefield for stablecoins is shifting from issuing coins to consolidating infrastructure, and Circle is one of the key players at the table.
Moreover, Circle's coin price slightly rose this week, performing much better than major coins like $BTC. Bitcoin saw nearly $400 million net outflow from ETFs in October and briefly dropped from 84,000 to 81,000.
So when will the coin price have a major breakthrough? I think it depends on capital entering the market.
1. The Federal Reserve's rate cut expectations are fully priced in, U.S. Treasury yields stabilize, and the interest rate spread no longer continues to compress;
2. Stablecoin legislation details are implemented, clarifying the compliance framework and eliminating the greatest regulatory uncertainty; $TIA is unlocking a powerful bullish continuation setup.
Bulls are shattering local resistance with strong volume confirmation.
Buy Zone
0.4350 - 0.4456
Ep
0.4400
Tp
0.4650
0.4900
0.5200
Sl
0.4220
Steady accumulation is laying the groundwork for a heavy vertical expansion. Buyers remain completely in control of the trend structure.
Let's go $TIA
#OKXOrbitTopics The Hong Kong Legislative Council has passed the crypto asset reporting framework, along with the revised Common Reporting Standard. Simply put, this means incorporating crypto assets into the "automatic exchange of tax information" system, starting from 2028, to exchange tax-related information with other tax jurisdictions.
Previously, this mechanism mainly covered bank accounts and traditional financial accounts. Now that crypto assets are listed separately, platforms operating in Hong Kong need to identify users' tax residency status, report account and transaction information according to a unified standard, and then conduct cross-border exchanges.
For $BTC, the direction is towards increased transparency. Funds held under the "can't be traced" approach will feel pressure; conversely, clear rules are a plus for institutions preparing to enter the market, as it addresses the question of "dare to comply" rather than "want to buy or not." The implementation of such frameworks is a slow-moving variable; it may not change prices in the short term but will gradually alter the composition of capital.
Next, three things to watch: first, the pace at which major jurisdictions follow suit—if they lag, information exchange won't happen; second, whether the compliance costs of platforms will be passed on to ordinary users; third, whether there are changes in address migration and custody choices for large, long-term holders. Assets like Bitcoin are being incorporated into traditional financial reporting systems, and this trend is now difficult to reverse.
Hong Kong passes the crypto asset reporting framework revision $WLD 1. World发布线上交友防AI欺诈调查 11月2日，World发布一项由Harris Poll开展的美国线上交友调查。 数据显示，74%的受访交友用户怀疑自己匹配过虚假账号，81%表示如果交友平台能够确认用户是真人，自己会更愿意使用。 World希望通过World ID（人类身份验证）解决AI假账号、机器人和身份欺诈问题。 目前该技术已经在美国和日本的Tinder（交友平台）提供验证服务。 分析： 这说明wld正在寻找新的商业切入点，并且有了新的进展，将确认真人功能放在交友软件上，可以说是很有前景，长期属于大利好，但短期只属于小利好，因为没有看到明确的商业收入。 2. 巨鲸向交易所转入5615万枚WLD 11月3日，TokenPost报道，一名大型持币者在此前10天内向Bybit、OKX、Binance和Gate转入5615万枚WLD，价值约2585万美元。 另外，链上数据显示，Binance也曾将约1000万枚WLD分散转移至多个地址。 分析： 转到交易所，意味着巨鲸有打算进行交易售出的打算，巨量的现货很容易带来抛售压力导致币价下跌，属于利空。 3. World Cha$AAVE is coiling inside a tight accumulation block with buyers fully in charge.
Momentum is primed to erupt as price approaches key resistance levels.
Buy Zone
127.50 - 130.30
EP
127.50 - 130.30
TP
136.50
143.00
150.00
SL
124.00
Structure remains firmly bullish above support, showing zero sign of weakness. Sustained buyer pressure will trigger a high-velocity expansion leg up.
Let's go $AAVE
#OKXOrbitTopics . $BTC's big move today looks quite exhausting. It pulled up all the way to the high of 78690, then immediately plunged, now oscillating around 78200.
From the long-short data, the bulls still have a higher proportion, but the long-short ratio has gradually dropped from the peak, with many short-term bulls taking profits during the surge. The funding rate remains positive, indicating that the market's underlying sentiment hasn't turned bearish yet; it's just that after reaching the previous high, the courage to chase higher has clearly diminished. The 15-minute chart's MA20 and MA50 are still supporting the price, so the short-term trend hasn't deteriorated directly, but that long upper shadow is there. To continue breaking upwards, volume increase is a must.
Regarding resistance, the first hurdle is 78600–78800, which is the level where the price was just pushed down. Without volume, a hard push through here is basically a secondary bull trap; further strong resistance is seen at 79500–79800.
For defensive support, watch 77500 first. Holding here means the market can continue to fluctuate within the range; if volume-driven breakdown occurs, the next support is at 76800. Losing this level would require reassessing the short-term rebound rhythm.
In short: this is not a one-sided strong rally, but a "test period after the surge." If you want to go long, don't chase at the highs; if you want to play the pullback, wait for volume-backed resistance and stagnation signals—don't try to top out prematurely. $ARB is displaying sharp bullish continuation signals as buyers push the range high.
Key support levels are holding firmly against all downward pressure.
Buy Zone
0.1580 - 0.16159
EP
0.1580 - 0.16159
TP
0.1710
0.1820
0.1950
SL
0.1530
Order book flow shows aggressive buying activity locking in strong floor levels. Breakout momentum is building for a swift wave higher.
Let's go $ARB
#OKXOrbitTopics . A bear market is like a demon-revealing mirror. When you look at HYPE, UNI, and WLFI together, you’ll understand what it means to be in the same track but with different fates.
$HYPE was recently hammered below $84 by a $330 million unlocking dump. Many people around me cut losses and ran. But look at its fundamentals: the protocol’s daily revenue is $2.77 million, the highest in the entire industry; the majority of fees are used for buyback and burn, with a total of 50 million tokens burned, accounting for 5% of total supply; the funding rate in the $80-$84 demand zone is still positive, so the bulls haven’t fled at all. This set of fundamentals is top-tier among altcoins, so I’m really not worried if it dips.
$UNI rose mildly by 1.02%. This veteran DEX has stable income but weak growth—like a glass of plain water, holding it isn’t painful, but don’t expect to get rich quickly.
$WLFI looks really bad: Justin Sun has invested a total of $45 million, but now he’s applying to the US court to sanction it, accusing fraud, and the tokens have been frozen. The price is stuck at 0.05 with no one buying. Same type of coin, one makes money and does buyback and burn, the other survives on narratives and is entangled in lawsuits.
The logic this round of correction taught me about coin selection: only coins that can make money on their own qualify to talk about bottoms.