1160 didn't hold. $ZEC fell by more than 10% in a day and is now around 1134. I looked around, and it wasn't the only one falling today—the broader market was moving down across the board. It just fell harder than the others. Long positions were liquidated yesterday, and the sell-off continued today, breaking straight through the 1160 level. The next level down is around 1100.
It fell more than 10% in a day. $NEAR slid all the way from 4.31 to 3.87, even dipping to a low of 3.85 intraday. It had just broken below 4.3 yesterday, and today it failed to reclaim that level. I looked around, and there doesn’t seem to be any new news specific to NEAR behind this move. It’s mostly been falling along with the broader market. Yesterday’s wave of liquidations of long positions first pushed it through support, and today it continued to weaken. The price is now stuck in the 3.8–4.0 range, while 4.4–4.5 was a previous support zone.
I waited two days for this tally, and $XRP finally adds up.
On November 1, 1 billion tokens were released. Today, it was confirmed that 700 million have been locked back up in three transactions: 500 million plus two lots of 100 million. That leaves only 300 million out there—the same playbook as September and October.
The price barely moved, still hovering around 1.25. There was quite a stir on the unlock day, but in the end, the net outflow was just 300 million. This tranche is settled.
After three days of talks with no result, oil prices opened more than 1% lower on Monday. Brent fell to 111.92, down 1.51; US crude was at 102.34, down 1.78. Reuters said the move came as Iranian and Qatari officials held ceasefire talks for a third consecutive day, prompting the market to unwind some of the war premium. Interestingly, OPEC+ had just kept its December target unchanged on Sunday, marking the third consecutive month with no increase or cut. The drop in oil prices had little to do with that; it was purely driven by news of the negotiations. The next thing to watch is the full-member meeting on November 29, where they’ll discuss quotas for 2027.
Opened a long position in SanDisk Gold, $ZEC $NEAR contracts. Then headed out to have some fun, so I’m not watching the market for now. Hope I’ll be rich in a few days~🤑
The monthly recurring show is back. $XRP Today, 500 million tokens were released from escrow, bringing the total to around 626 million.
When I saw that number, I checked the price first. It was basically unchanged at around 1.25, up just over 0.3% in 24 hours—almost as if nothing had happened.
Unlocking doesn’t mean selling. This process has been the same since 2017, and over the past 12 months, an average of around 70% has been relocked. What’s more, the 1 billion tokens released last month were still sitting untouched in those two wallets as of October 29.
A complete split: on the last day of October, gold and silver went in the opposite direction from oil.
Spot gold closed near 3,880, down more than 3% on the day and more than 6% for October, its lowest level since last October. Silver fared even worse, closing near 49, down more than 18% in October and losing the 50 level outright.
Oil went the other way. December Brent futures settled at 117.64 and WTI at 104.12, both up more than 2% on the day. For October, one rose more than 13% and the other more than 15%, both reaching six-month highs.
OPEC+ meets on Sunday, followed by the midterm elections next Tuesday and the nonfarm payrolls report on Friday. It’s a packed schedule for oil.
$PEPE This hour, it climbed from around 0.0000048 to above 0.0000051, up a little over 5%. By the time I checked, the move was already over. It had dipped as low as 0.00000481 during the day, and it still hasn’t touched the intraday high of 0.00000550. Over 24 hours, it’s only up a little over 3%—not the start of another rally, just a bounce off the lows. $BTC Meanwhile, it was down a little over 1%, hovering around 77,000. Memes are doing their own thing.
Let’s start with the numbers: it still hasn’t broken through the 0.0000055 level.
When I woke up this morning, I checked my phone first. The U.S. market closed even worse than it had looked during the session last night. The Nasdaq closed down 2.86%, its lowest level in three months. The S&P 500 fell 1.82%, and the semiconductor index plunged 7.2%. Intel dropped more than 28% overnight, putting the question of AI spending back in the spotlight. Even more striking were some of the memory stocks: SanDisk reported earnings that beat expectations, yet still fell more than 10%; Micron dropped more than 5%, and SK Hynix fell more than 7%. Even strong earnings couldn't save them. Gold wasn't spared either. At one point in the middle of the night, 3,891 still wasn't the bottom; by the close, it had slipped to around 3,880. Silver was around 49, while $BTC was still hovering above 77,000.
I checked the market when I got up this morning, and $UNI had quietly climbed back on its own. The 24-hour low is still around 6.26. It’s now just above 7, up about 10% over the past 24 hours, after peaking at 7.16 along the way. Over the past few hours, it’s been hovering between 6.85 and 7, without dropping any further. Interestingly, $BTC fell by a little over 2% over the same period, to just under 77,000. This run by $UNI seems to be its own thing. I haven’t seen any new developments that would explain it, so I won’t speculate. I’ll just leave the numbers here for now.
I took a quick look at the charts after dinner, and $PEPE moved again. It was still hovering around 0.00000488 this morning, then surged from 0.00000492 to 0.00000535 over the past hour this afternoon. It’s now around 0.00000525, up more than 7% in 24 hours.
It’s managed to reclaim the 0.000005 level, but it’s still some way off today’s high of 0.00000568. I haven’t seen any new takes on it, so I’ll just call this a rebound after spending the day grinding around the lows.
First, about Binance: I personally still have a lot of confidence in it. Given its years of experience in the industry and its scale, I believe it has the ability to handle this situation properly.
Now, looking at the crypto market as a whole, 2026 hasn’t seen much growth. After surging at the start of the year, the market went through several rounds of correction. At its current level, it’s not exactly high, but it’s not particularly low either.
I’m not quite convinced that I should jump in and buy the dip right now 🤣
But looking at it from another angle, if this correction is nearing its end, could this actually be an accumulation phase before the next bull market begins?
Last October, the market also went through a period of sharp volatility. It didn’t immediately take off afterward, but eventually it found its own momentum.
Of course, history doesn’t simply repeat itself, and I don’t want to rush into calling a bottom.
I’ll keep some powder dry and wait patiently. If this really is the start of a new bull market, there should be more than just one day of opportunity.
What do you think? Is there still a chance we’ll hit a new all-time high again this year?
First thing this morning, I checked the Bank of Japan. As expected, it stood pat at 1.25%. They did say they’d reached their inflation target, but a rate hike in December is still up in the air.
$BTC was quite a roller coaster this morning, dipping to 76,500 before climbing back to around 78,000. At noon, it was still just above 78,000—about where it was early this morning, so all that morning’s action was basically for nothing.
Gold, on the other hand, really did break through. It dipped to around 3,995 this morning, failing to hold the key 4,000 level.
I woke up once a little after five and checked the market out of habit. $PEPE had moved again, this time down: over the past hour, it slid from around 0.00000525 to around 0.00000488, a drop of more than 7%. Looking at the 24-hour chart, it’s actually down less than 4%; it’s basically given back last night’s gains, and I haven’t seen any new explanation. The price is now hovering around 0.00000488, not far from the 24-hour low of 0.00000478.
Woke up once in the middle of the night and took a quick look at the charts—$NEAR had already slid to 4.19, down more than 10% in 24 hours.
Yesterday, the 4.3 level was still holding, but today it broke straight through. The intraday low hit around 4.16, and after peaking at 4.77, it barely paused on the way down. And it’s not the only one: BNB, UNI, TAO, and FLOKI have all fallen more than 5% in the past hour too. The whole market is moving lower, and it still hasn’t recovered from yesterday’s pullback in risk appetite after the tech stock sell-off.
Now that 4.3 has broken, there aren’t many clear support levels below it. Watching it fall like this overnight is definitely a bit rough.
I checked the U.S. premarket in the evening, and Google was doing even worse than we said this morning, down more than 10% before the bell. It has negative free cash flow of over $9 billion, and is still planning to spend $195 billion to $205 billion on capital expenditures for the full year. The market is really starting to reckon with the cost of burning cash on AI today. Microsoft was still up premarket, while Nasdaq futures were down more than 1%. Software stocks were also getting hit, with Fortinet down more than 25% premarket. GDP and PCE are up first tonight at 8:30, followed by Amazon and Intel after the close.
This morning, I still thought $BTC was hovering around 81,000. By noon, it had already fallen to just over 79,000.
The slide started with Asian markets. Samsung’s semiconductor profits grew more than tenfold, but still fell short of expectations. Its share price dropped by over 5%, and South Korea’s index fell by more than 2%. As tech stocks lost steam, crypto followed suit.
$BTC slid all the way down from 81,700. Long positions worth $356 million were liquidated in 24 hours, wiping out the morning’s rebound.
A little after 10, I checked the chart and $NEAR had dropped pretty quickly—down over 5% in an hour, now around 4.47, and also down a little over 5% in 24 hours. It was still hovering above 4.7 this morning, and now it’s nearly back at the intraday low of 4.46.
I haven’t seen any new news specifically about it; it looks more like it’s moving down along with everything else. The 4.3 area held twice before, and now it’s heading that way again.