On the morning of November 8, Bitcoin was trading at approximately $75,752 on Binance Spot, down about 0.23% over 24 hours; Ethereum was around $2,236, down about 0.24%. Bitcoin perpetual funding rates were approximately positive 0.0053%, and Ethereum’s were approximately positive 0.0038%, both within the normal range.

1. Avalanche (AVAX) unlock window today. According to data from Token Unlocks reported by BlockBeats, approximately 1.67 million AVAX tokens were unlocked at 08:00 (UTC+8) on November 8, representing about 0.30% of the circulating supply. At the current spot price of approximately $8.205, the tokens are worth an estimated $13.7 million; this amount varies with the price. AVAX was down about 1.48% on Binance Spot over 24 hours.

2. $GTC : Spot price decline coupled with a negative funding rate. GTC was trading at approximately $0.1618 on Binance Spot, down about 10.90% over 24 hours. Its perpetual funding rate was approximately negative 0.1051%, with perpetual trading volume of approximately $20.14 million over the same period. When funding rates deviate from normal levels, long and short trading costs and basis volatility can be substantial; this does not indicate a directional outlook.

3. On-chain whale buys Ethereum again. According to monitoring by Ember, reported by BlockBeats, an address that bought Ethereum in June purchased approximately 8,775 ETH again on November 7, after five months. The average purchase price was approximately $2,245, for a total of about $19.7 million. The address’s holdings increased to approximately 23,097 ETH, worth about $51.69 million at the time. This is solely a record of on-chain transactions and does not indicate a directional outlook.

Market sentiment: The Alternative.me Fear & Greed Index rose to 28 (Fear) from 25 (Extreme Fear) yesterday. CoinGecko trending searches included Dacity Coin (DACITY), with a market cap of approximately $22.26 million and a 24-hour gain of about 79%, as well as other new, small-cap assets such as STONK, which fell about 35% over the same period. Among larger-cap assets, Zcash (ZEC) fell about 5.75% over 24 hours, while Bitcoin Cash (BCH) fell about 5.57%. Other monitoring data showed that the proportion of altcoins on Binance trading below their 200-day moving averages had rebounded to about 70%.

The above is a record of market data and does not constitute investment advice.
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