November 4 market roundup: $BTC closed at 80,504, up 3.94%. It first fell to 75,736 intraday, just about 285 below Strategy’s average cost of 75,451, then surged to 81,196 in the evening; it has now closed below the 82,563 range floor for 14 consecutive days. Short positions worth about $225 million were liquidated, more than the $169 million in long liquidations. Brent crude fell 9% in a day to 94.8, while gold rose 3.2%.
【Highlights】Open interest in perpetual futures fell by 2,487 coins. About $109 million in short positions were liquidated during the hour starting at 23:00 Beijing time, so this rally was mainly driven by short covering. The Fear & Greed Index rebounded from 34 to 50. Democrats won both chambers in the U.S. midterm elections, and the odds of a rate hike in December rose again to about 81%. As for the Binance hack, the new reserve snapshot covers 44 tokens (up from 10 last time), and the zero-knowledge proof is expected on November 6. The hacker has transferred out all approximately 970,000 SOL; half of the Aave position held by one ETH address was liquidated. Outlook: first, watch whether it can close above the 82,563 range floor.
Follow me for a daily market roundup every morning.
#币安 #BTC
【Highlights】Open interest in perpetual futures fell by 2,487 coins. About $109 million in short positions were liquidated during the hour starting at 23:00 Beijing time, so this rally was mainly driven by short covering. The Fear & Greed Index rebounded from 34 to 50. Democrats won both chambers in the U.S. midterm elections, and the odds of a rate hike in December rose again to about 81%. As for the Binance hack, the new reserve snapshot covers 44 tokens (up from 10 last time), and the zero-knowledge proof is expected on November 6. The hacker has transferred out all approximately 970,000 SOL; half of the Aave position held by one ETH address was liquidated. Outlook: first, watch whether it can close above the 82,563 range floor.
Follow me for a daily market roundup every morning.
#币安 #BTC
