BTC $82,800 / ETH $2,445.86
Overnight highlights:
- BTC surged to $83,300 overnight (met resistance at the 21-day moving average, ~$83,230) before pulling back, holding near $82,000; $125 million in short positions were liquidated between 10 and 11 a.m. ET, while futures open interest reached $53.86 billion, its highest level since 10/8
- In its annual Long-Term Capital Market Assumptions report, JPMorgan Asset Management provided a bitcoin return forecast for the first time: a base case of 10% per year (over 10–15 years), 17% in a bull market, and -9.7% in a bear market; its expected returns for U.S. large-cap stocks, gold, and U.S. Treasuries were 7.5%, 5.5%, and 5.6%, respectively. However, its volatility assumption was 55% (versus 18% for U.S. stocks), and the report explicitly advised against including bitcoin in portfolio allocations
- NFLX Q3: EPS of $0.87 beat expectations ($0.82 expected); revenue of $12.87B was up 11.8% year over year and in line with expectations, with an operating margin of 34.6%. However, Q4 guidance was weak (EPS guidance of $0.67 vs. $0.73 expected, and ad revenue guidance lowered to $2.7B); shares fell about 5% after hours
- U.S. stocks closed: Dow +1.02%, S&P 500 +0.28%, Nasdaq -0.02%, VIX -6.13%; AI-related stocks rebounded (Workday +4.5%, Adobe +3.9%); WTI briefly fell nearly 5% on rumors of a ceasefire with Iran, then recovered some losses to around $97.6
- ETH traded between $2,374 and $2,472 overnight, with about $32.72 million in short positions fully liquidated
BTC $82,800, resistance reference at $83,300 (overnight high/21-day moving average), support references at $81,570 (50-day moving average) / $80,000
ETH $2,445.86, resistance reference at $2,470 (near the overnight high), support reference at $2,375 (near the overnight low)
Today's watchlist: No major U.S. economic data today; Tesla, Meta, and IBM Q3 earnings after the U.S. market close (tomorrow morning Beijing time); EIA crude oil inventories at 22:30 tonight
Data is based on Coinbase spot prices, for reference only and does not constitute a buy or sell recommendation
Overnight highlights:
- BTC surged to $83,300 overnight (met resistance at the 21-day moving average, ~$83,230) before pulling back, holding near $82,000; $125 million in short positions were liquidated between 10 and 11 a.m. ET, while futures open interest reached $53.86 billion, its highest level since 10/8
- In its annual Long-Term Capital Market Assumptions report, JPMorgan Asset Management provided a bitcoin return forecast for the first time: a base case of 10% per year (over 10–15 years), 17% in a bull market, and -9.7% in a bear market; its expected returns for U.S. large-cap stocks, gold, and U.S. Treasuries were 7.5%, 5.5%, and 5.6%, respectively. However, its volatility assumption was 55% (versus 18% for U.S. stocks), and the report explicitly advised against including bitcoin in portfolio allocations
- NFLX Q3: EPS of $0.87 beat expectations ($0.82 expected); revenue of $12.87B was up 11.8% year over year and in line with expectations, with an operating margin of 34.6%. However, Q4 guidance was weak (EPS guidance of $0.67 vs. $0.73 expected, and ad revenue guidance lowered to $2.7B); shares fell about 5% after hours
- U.S. stocks closed: Dow +1.02%, S&P 500 +0.28%, Nasdaq -0.02%, VIX -6.13%; AI-related stocks rebounded (Workday +4.5%, Adobe +3.9%); WTI briefly fell nearly 5% on rumors of a ceasefire with Iran, then recovered some losses to around $97.6
- ETH traded between $2,374 and $2,472 overnight, with about $32.72 million in short positions fully liquidated
BTC $82,800, resistance reference at $83,300 (overnight high/21-day moving average), support references at $81,570 (50-day moving average) / $80,000
ETH $2,445.86, resistance reference at $2,470 (near the overnight high), support reference at $2,375 (near the overnight low)
Today's watchlist: No major U.S. economic data today; Tesla, Meta, and IBM Q3 earnings after the U.S. market close (tomorrow morning Beijing time); EIA crude oil inventories at 22:30 tonight
Data is based on Coinbase spot prices, for reference only and does not constitute a buy or sell recommendation