Democrats are gaining ground, weighing on U.S. stocks. How long can crypto hold up?
The market’s main source of pressure today is the U.S. midterm elections. Democrats are currently making gains in several key districts, raising expectations that they will take the House, while the Senate outcome remains uncertain. The market is concerned that regulation of AI and tech giants could tighten, sending U.S. stock futures lower. Nasdaq futures briefly fell about 1.8%, while S&P 500 futures dropped around 0.8%.#美国中期选举：市场有哪些期待？
This risk-off sentiment is also spreading to crypto. BTC is currently trading around $76,000, while $ETH is back near $2,240. The four-hour trend is weak, with limited rebound momentum. As for ETFs, spot BTC ETFs saw net outflows of about $399 million in a single day, while ETH ETFs recorded outflows for seven consecutive trading days, totaling around $582 million. Institutional funds have yet to show a clear return.
The derivatives market also warrants caution: $BTC , the share of ETH long accounts remains close to 70%, and funding rates are still positive, indicating that bullish sentiment has not fully faded. If prices continue to fall, crowded long positions could still trigger a cascade of stop-losses.
On the macro front, expectations for rapid Fed rate cuts remain limited, and uncertainty still surrounds the December rate decision. Election results, rate expectations, and fund flows are all shaping the performance of risk assets.#利率
Yan Yan believes it is too early to rush into buying the dip. Watch the area around $75,700 for BTC and the $2,225 level for ETH; if these support levels fail, further pullbacks remain a risk. Once the election results are finalized, market expectations could also reverse, so don’t focus on just one headline.
你觉得民主党继续领先，会让美股和币圈进一步下跌，还是利空落地后迎来反弹？
The market’s main source of pressure today is the U.S. midterm elections. Democrats are currently making gains in several key districts, raising expectations that they will take the House, while the Senate outcome remains uncertain. The market is concerned that regulation of AI and tech giants could tighten, sending U.S. stock futures lower. Nasdaq futures briefly fell about 1.8%, while S&P 500 futures dropped around 0.8%.#美国中期选举：市场有哪些期待？
This risk-off sentiment is also spreading to crypto. BTC is currently trading around $76,000, while $ETH is back near $2,240. The four-hour trend is weak, with limited rebound momentum. As for ETFs, spot BTC ETFs saw net outflows of about $399 million in a single day, while ETH ETFs recorded outflows for seven consecutive trading days, totaling around $582 million. Institutional funds have yet to show a clear return.
The derivatives market also warrants caution: $BTC , the share of ETH long accounts remains close to 70%, and funding rates are still positive, indicating that bullish sentiment has not fully faded. If prices continue to fall, crowded long positions could still trigger a cascade of stop-losses.
On the macro front, expectations for rapid Fed rate cuts remain limited, and uncertainty still surrounds the December rate decision. Election results, rate expectations, and fund flows are all shaping the performance of risk assets.#利率
Yan Yan believes it is too early to rush into buying the dip. Watch the area around $75,700 for BTC and the $2,225 level for ETH; if these support levels fail, further pullbacks remain a risk. Once the election results are finalized, market expectations could also reverse, so don’t focus on just one headline.
你觉得民主党继续领先，会让美股和币圈进一步下跌，还是利空落地后迎来反弹？
民主党继续领先，风险情绪降温，BTC、ETH进一步回调
利空逐渐被市场消化，BTC、ETH迎来反弹
22 hr(s) left
