Today's top story:
ARK files for a tokenized market infrastructure ETF, offering indirect exposure to assets such as ETH and SOL
ETF flows are one of the main themes during this period; shifts in fund flows are more worth watching than daily price movements.
Major cryptocurrencies:
$BTC 76,068.01(-0.16%)|$ETH 2248.55(+0.28%)|BNB 696.62(+0.19%)|SOL 90.53(+0.33%)
The market is consolidating sideways, with both bulls and bears waiting for a signal.
Sentiment and capital flows:
Fear & Greed Index: 25 (Extreme Fear), down 3 from yesterday
BTC network-wide long/short account ratio: 3.12, with longs accounting for 75.7%
What's being discussed on the Plaza:
#FinCEN美联储撤回250美元加密转账提案 #非农就业数据推升加息预期
Gainers and losers:
Top gainers: AKE +149.52%, ONE +66.37%, UAI +44.57%
Top losers: MAGMA -17.93%, CLANKER -13.08%, CAP -8.37%
News:
1. STABLE will unlock approximately $22.32 million worth of tokens tomorrow (November 8), representing 4.93% of the circulating supply.
My take:
Looking at sentiment, fund flows, and positioning together is more reliable than looking at price alone.
How will you trade today?