🌙 Nov 9 Recap | A grim week closes, crypto markets await CPI
Today, BTC fell below $74,000, ETH below $2,125, and SOL below $90. Over $1 billion in crypto positions were liquidated across the market within 10 minutes. Spot Bitcoin ETFs saw $1.282 billion in net outflows last week ($1.209 billion from IBIT), while Ethereum ETFs posted net outflows for the sixth consecutive week, keeping funding conditions under sustained pressure.
Three macro headwinds: ① The Nasdaq plunged 5.5% into correction territory, wiping out $2.5 trillion in a single day—the biggest drop in 19 months; ② Fed officials Williams, Musalem, and Daly voiced support for further rate hikes, fueling bets on a December hike; ③ The US-Iran conflict escalated as “Operation Iron Gate” blockaded the Strait of Hormuz, with three oil tankers exploding and catching fire, sending oil prices into a tailspin.
Highlights: $INJ ’s first US ETF (INJC), featuring built-in staking, debuted on Nasdaq, marking Wall Street’s formal embrace of Injective this week. Tokenized US stocks showed their weekend advantage: as the Nvidia scandal unfolded, Binance’s NVDA perpetual contract fell 4.2% ahead of the market, enabling price discovery.
Tuesday’s CPI report is the next major test. A hotter-than-expected reading could see rate-hike bets put further pressure on risk assets. Whether $BTC can hold the $74,000 level will determine the short-term direction. Manage your position size and survive the volatility.
NFA | DYOR
#比特币 #加密货币 #美股代币化 #CPI #MarketRecap
Today, BTC fell below $74,000, ETH below $2,125, and SOL below $90. Over $1 billion in crypto positions were liquidated across the market within 10 minutes. Spot Bitcoin ETFs saw $1.282 billion in net outflows last week ($1.209 billion from IBIT), while Ethereum ETFs posted net outflows for the sixth consecutive week, keeping funding conditions under sustained pressure.
Three macro headwinds: ① The Nasdaq plunged 5.5% into correction territory, wiping out $2.5 trillion in a single day—the biggest drop in 19 months; ② Fed officials Williams, Musalem, and Daly voiced support for further rate hikes, fueling bets on a December hike; ③ The US-Iran conflict escalated as “Operation Iron Gate” blockaded the Strait of Hormuz, with three oil tankers exploding and catching fire, sending oil prices into a tailspin.
Highlights: $INJ ’s first US ETF (INJC), featuring built-in staking, debuted on Nasdaq, marking Wall Street’s formal embrace of Injective this week. Tokenized US stocks showed their weekend advantage: as the Nvidia scandal unfolded, Binance’s NVDA perpetual contract fell 4.2% ahead of the market, enabling price discovery.
Tuesday’s CPI report is the next major test. A hotter-than-expected reading could see rate-hike bets put further pressure on risk assets. Whether $BTC can hold the $74,000 level will determine the short-term direction. Manage your position size and survive the volatility.
NFA | DYOR
#比特币 #加密货币 #美股代币化 #CPI #MarketRecap