🔥 BTC has reclaimed 80K, but the real fastest mover isn’t Bitcoin—it’s DePIN!
📊 According to Phemex/PANews, over the past 24 hours BTC is up 4.94% and ETH is up 7.21%, climbing above 2,400. The whole market is in the green:
• DePIN +5.79%: ATH +9.91%, RENDER +9.23%
• RWA +5.47%: ONDO +7.25%
• L2 +5.28%: STX +11.31%
• DeFi: RAY +17.73%; L1: INJ +12.41%
👉 My take:
1️⃣ This rally is a “relief bounce” driven by short covering and fading election uncertainty. About $950 million in positions were liquidated over the past 24 hours, including around $560 million in shorts (KuCoin Daily).
2️⃣ Capital hasn’t followed through: spot BTC ETFs still saw net outflows of around $116 million on 11/3, marking three consecutive days of outflows.
3️⃣ AI narrative-related DePIN and computing power sectors have shown the most upside in this rebound, but they could also fall the fastest. Be mindful of your position size if chasing the rally.
⚠️ Key levels: Watch 76K below (the election-period low was around 75.6K); 82K–86K is the resistance zone above.
Which do you favor for the next rotation, DePIN or RWA? Let’s talk in the comments 👇
$BTC $ETH $RENDER
#DePIN #加密市场 #BTC
Personal opinions only; not investment advice.
📊 According to Phemex/PANews, over the past 24 hours BTC is up 4.94% and ETH is up 7.21%, climbing above 2,400. The whole market is in the green:
• DePIN +5.79%: ATH +9.91%, RENDER +9.23%
• RWA +5.47%: ONDO +7.25%
• L2 +5.28%: STX +11.31%
• DeFi: RAY +17.73%; L1: INJ +12.41%
👉 My take:
1️⃣ This rally is a “relief bounce” driven by short covering and fading election uncertainty. About $950 million in positions were liquidated over the past 24 hours, including around $560 million in shorts (KuCoin Daily).
2️⃣ Capital hasn’t followed through: spot BTC ETFs still saw net outflows of around $116 million on 11/3, marking three consecutive days of outflows.
3️⃣ AI narrative-related DePIN and computing power sectors have shown the most upside in this rebound, but they could also fall the fastest. Be mindful of your position size if chasing the rally.
⚠️ Key levels: Watch 76K below (the election-period low was around 75.6K); 82K–86K is the resistance zone above.
Which do you favor for the next rotation, DePIN or RWA? Let’s talk in the comments 👇
$BTC $ETH $RENDER
#DePIN #加密市场 #BTC
Personal opinions only; not investment advice.
