人间留半拍

First, let’s look at the most striking numbers. In the week of November 2 to 6, U.S. spot Bitcoin ETFs saw net outflows of $1.28 billion—the biggest weekly outflow since the end of June, and the seventh-largest single-week outflow since they launched in January 2024. That’s two weeks of net outflows in a row.
Who pulled their money out? Mostly BlackRock. IBIT saw $1.21 billion in outflows for the week, accounting for 94% of the industry’s total. It lost $405 million on Monday and $403 million on Friday, with net outflows every single trading day for six straight days—a streak that began on October 30.
So who was buying? Fidelity’s FBTC, which saw net inflows of $93.1 million for the week, was the only major fund to bring in money. On Wednesday alone, it took in $236.7 million—the only day that week with net inflows, when the industry as a whole saw $74.6 million come in.

Yesterday, IDOL touched $0.0445, a new all-time high. Checking again this morning, it was around $0.033, down a quarter from its peak. But it was still up more than 30% over 24 hours, up over 95% in 7 days, and up 257% in a month. Of the top 100 cryptocurrencies, 71 were down, making it one of the few still climbing.
$IDOL is the token of MEET48, a Web3 project that brings together AI and idol fandom, with fan voting, livestreams, games, and the metaverse. It has a solid pedigree: it came out of the BNB Chain accelerator, received investment from Binance-affiliated YZi Labs, launched through a Binance Wallet IDO, and was listed on KuCoin on November 3.

Trump personally confirmed on Friday that the U.S. military had struck Iran again. Bitcoin’s reaction? Barely moved.
This morning, BTC was still hovering around $75,800, down just over 0.2% in 24 hours. Under normal circumstances, you’d call that sideways trading. On a weekend when “the U.S. military has opened fire again,” it’s a little unusual.
First, let’s get the facts straight. On Friday evening U.S. time, after stepping off a plane in Florida, Trump told reporters that the U.S. military had taken out a newly built Iranian air-defense system. His exact words were: “It took 15 minutes, maybe five.” Iran said two explosions were heard in the Suza area of Qeshm Island, and the Iranian military also claimed it had shot down a U.S. MQ-9 drone. U.S. Central Command described the area as “relatively calm.” Qeshm Island lies right by the Strait of Hormuz, a key passage for oil tankers. This is the U.S. military’s second round of strikes since November 2.

On November 6, the U.S. Treasury issued an order cutting MEXC, one of the world’s top 20 exchanges, off from the U.S. financial system. FinCEN says that between May 2021 and May 2026, MEXC handled at least $16 billion in funds linked to illicit activity, including nearly $1.5 billion that helped people evade sanctions on Russia. Transactions directly involving sanctioned entities totaled $232 million.
So what exactly does this order affect? First, what it doesn’t affect: MEXC has not been added to the U.S. Treasury’s sanctions list, no assets have been frozen, and no one is urging you to withdraw your crypto. The order targets U.S. banks and financial institutions. It takes effect 30 days after publication in the Federal Register, which, as of this morning, had not yet been published. MEXC doesn’t serve U.S. users anyway, and its response this morning was defiant: operations are normal, assets are safe, and the company is assessing the situation and has launched an independent review.

Bitcoin has been hovering around $76,000 for two days, while an obscure coin has gained 34% in 24 hours.
First, a look at the broader market. Bitcoin closed last night at $75,700 and Ether at $2,235; both were essentially unchanged over the day. But don’t let those two fool you: 30 of the top 50 coins are up, only 12 are down, and the median gain is 0.7%. The money hasn’t left—it’s just moved somewhere else.
Here’s what today’s gainers list looks like. The coin originally at the top was called AKE, but different data sources put its gains anywhere from 78% to 143%, so the numbers don’t add up. Let’s skip it for now. The one that actually belongs on the list is $ICNT , up around 34% in 24 hours to $0.30. It’s gained more than 50% in a week and is nearly up 100% over the past month. It’s a decentralized cloud project focused on storage and computing power, with a market cap of just over $70 million. I looked around and couldn’t find any major news. It’s going up, and that’s that.

At 9:30 last night, the U.S. Department of Labor released the October nonfarm payrolls report: employment rose by 165,000, against expectations of just 65,000. September’s figure was also revised up from 29,000 to 60,000, while the unemployment rate fell from 4.2% to 4.1%. The numbers were almost too good, and Bitcoin ($BTC ) was the first to take a hit.
The logic is pretty straightforward. A strong jobs report tells the Fed there’s no need to rush into easing. The odds of a rate hike in December jumped from over 60% to nearly 77%, and the 10-year Treasury yield surged to 4.89%. As expectations of higher borrowing costs set in, risk assets took the first hit.
As soon as the data came out, Bitcoin fell 0.3% to around $75,500. After U.S. stocks opened, the Nasdaq rebounded 1.7%, but Bitcoin went the other way and slipped again, hitting a low of $74,762—its lowest level since August 21. That put it below MicroStrategy’s average cost of $75,451. The buffer of just over $300 we calculated yesterday vanished overnight, leaving it nearly $700 underwater.

First, the big question: How much is Bitcoin ($BTC ) going for right now? Finnhub's live Binance price is $75,783, down 5.9% over 24 hours; CoinGecko has it at $76,028, down 5.8%. Both are hovering around $76,000.
So how far is it from MicroStrategy's cost basis? Its November 2 8-K spells it out: it holds 849,327 coins at an average cost of $75,451, for a total spend of about $64.1 billion. Subtract $75,783 from that and there's just $332 left; using CoinGecko's quote, it's only $577. Another half-step down, and the world's largest publicly traded corporate Bitcoin holder will have no unrealized gains left on paper.

I opened the gainers list today, and it was like opening a mystery box.
At midnight UTC today, CoinStats showed 85 of the top 100 coins in the red, with only 10 up. CoinPaprika’s numbers paint a broader picture: 460 coins were down, with a median drop of 5.7%. Bitcoin was just over $76,000, and Ethereum hovered around $2,240.
Turns out, a few really are defying logic.
At the top is Bitway, hovering around $1.10, with a market cap of over $1.6 billion. The wild part is the gain: CoinStats says 7.1%, BlocFolio says 11.5%, and another source says 13.3%. The data providers can’t even agree with each other, so I can’t give you an exact figure. But they all agree on one thing: it’s in first place.

Bitcoin was still at $81,000 yesterday morning, but by this morning it had fallen back to around $76,000. It dropped about 6% in 24 hours. From its peak, Bitcoin $BTC gave back more than $5,000 in a single day.
Two days ago, it was at $75,600. Yesterday, it climbed above $81,000, and this morning it was right back where it started. It went in a full circle, and those who jumped in yesterday are now figuring out how much they’ve lost.
The trigger wasn’t in crypto—it was in U.S. stocks. After the Democrats’ big win in the midterm elections, markets began worrying that regulations on AI data center construction would be tightened. On top of that, Qualcomm issued a weaker-than-expected outlook, and chip stocks crashed first: the Nasdaq closed down about 5.5%, the S&P 500 fell about 4.4%, and the Dow dropped about 3.4%. The Nasdaq is now down more than 10% from its October high, officially entering a technical correction. Nvidia fell 9%, AMD and Micron each dropped 17%, and SanDisk slid 22%. The Nasdaq lost about $2 trillion in market value in a single day. This latest crypto sell-off was simply dragged down by U.S. stocks.