2026.11.13 Chan Theory Community Web3 Evening News💥
1. Bitcoin flash-crashed intraday, falling below $69,000 to a new low since August
Commentary: Three bearish factors converged: a tech stock storm triggered by NVIDIA CEO Jensen Huang’s resignation, concerns about rate hikes after CPI came in hotter than expected, and continued ETF outflows
2. Over $1.3 billion in liquidations across the market, with longs accounting for nearly 90%
Commentary: Leveraged bulls betting on a rebound were systematically crushed after Bitcoin broke below the key $70,000 level
3. The Fear and Greed Index fell to 20, entering “Extreme Fear” territory
Commentary: Sentiment has hit an extreme low; historically, this zone has often coincided with mid-term bottoms
4. NVIDIA CEO Jensen Huang resigns, sending risk appetite for tech stocks tumbling
Commentary: The NVIDIA news was the cross-market trigger for today’s sell-off
5. U.S. October CPI came in hot, fueling expectations of a December rate hike
Commentary: Until rate hike expectations fade, any rebound will lack a solid foundation
6. Bitcoin spot ETFs recorded net outflows for 9 consecutive days, with IBIT alone seeing $2 billion in outflows
Commentary: Redemptions mean funds have to sell actual BTC
7. Ethereum ETFs have seen outflows for 7 consecutive weeks, totaling over $2.1 billion
Commentary: Combined selling pressure from ETFs and the Foundation, with no catalyst to drive a recovery in the ETH/BTC ratio
8. Stablecoin supply contracted by $14.2 billion over 30 days, as new capital dried up
Commentary: Not only is outside capital staying away, but existing funds are also pulling out
9. NVIDIA’s valuation hits a 14-year low: retail investors buy at a record pace, while Wall Street remains divided
Commentary: For now, NVIDIA is only worth watching for a rebound
10. Alameda transferred 93,000 SOL worth $7.51 million to Coinbase
Commentary: This is directly related to SOL’s fall below $80
11. Strategy’s 850,364 BTC holdings have fallen below their cost basis
Commentary: The world’s largest corporate Bitcoin holder has gone from unrealized gains to unrealized losses
12. MSCI officially removes Strategy from its U.S. indexes, effective November 30
Commentary: The financing flywheel of selling shares to buy Bitcoin will slow significantly
13. Total crypto market capitalization fell to around $2.35–$2.39 trillion
Commentary: Altcoins generally fell more than BTC, and capital is also concentrating in the largest assets within crypto
14. Order book depth is 33% below normal, with extremely thin liquidity
Commentary: Thin liquidity means that any somewhat larger sell order can trigger sharp volatility
15. Key watchpoints: $68,000 support and spillover effects from U.S. stocks tonight
Commentary: Until the market structure stabilizes, position management takes priority over directional calls
$BTC
1. Bitcoin flash-crashed intraday, falling below $69,000 to a new low since August
Commentary: Three bearish factors converged: a tech stock storm triggered by NVIDIA CEO Jensen Huang’s resignation, concerns about rate hikes after CPI came in hotter than expected, and continued ETF outflows
2. Over $1.3 billion in liquidations across the market, with longs accounting for nearly 90%
Commentary: Leveraged bulls betting on a rebound were systematically crushed after Bitcoin broke below the key $70,000 level
3. The Fear and Greed Index fell to 20, entering “Extreme Fear” territory
Commentary: Sentiment has hit an extreme low; historically, this zone has often coincided with mid-term bottoms
4. NVIDIA CEO Jensen Huang resigns, sending risk appetite for tech stocks tumbling
Commentary: The NVIDIA news was the cross-market trigger for today’s sell-off
5. U.S. October CPI came in hot, fueling expectations of a December rate hike
Commentary: Until rate hike expectations fade, any rebound will lack a solid foundation
6. Bitcoin spot ETFs recorded net outflows for 9 consecutive days, with IBIT alone seeing $2 billion in outflows
Commentary: Redemptions mean funds have to sell actual BTC
7. Ethereum ETFs have seen outflows for 7 consecutive weeks, totaling over $2.1 billion
Commentary: Combined selling pressure from ETFs and the Foundation, with no catalyst to drive a recovery in the ETH/BTC ratio
8. Stablecoin supply contracted by $14.2 billion over 30 days, as new capital dried up
Commentary: Not only is outside capital staying away, but existing funds are also pulling out
9. NVIDIA’s valuation hits a 14-year low: retail investors buy at a record pace, while Wall Street remains divided
Commentary: For now, NVIDIA is only worth watching for a rebound
10. Alameda transferred 93,000 SOL worth $7.51 million to Coinbase
Commentary: This is directly related to SOL’s fall below $80
11. Strategy’s 850,364 BTC holdings have fallen below their cost basis
Commentary: The world’s largest corporate Bitcoin holder has gone from unrealized gains to unrealized losses
12. MSCI officially removes Strategy from its U.S. indexes, effective November 30
Commentary: The financing flywheel of selling shares to buy Bitcoin will slow significantly
13. Total crypto market capitalization fell to around $2.35–$2.39 trillion
Commentary: Altcoins generally fell more than BTC, and capital is also concentrating in the largest assets within crypto
14. Order book depth is 33% below normal, with extremely thin liquidity
Commentary: Thin liquidity means that any somewhat larger sell order can trigger sharp volatility
15. Key watchpoints: $68,000 support and spillover effects from U.S. stocks tonight
Commentary: Until the market structure stabilizes, position management takes priority over directional calls
$BTC