The Fed suddenly turns hawkish—will crypto fall again? Here are some unusual signals worth watching!
Market news is a little complicated today. The macro picture is bearish, but on-chain funds are showing some unexpected changes.
1. Hawkish Fed expectations are heating up
U.S. core CPI rose 0.3% month over month in October, above expectations. The 2-year Treasury yield climbed to 4.75%, its biggest one-day gain since April 2025. Expectations of a rate hike in December are growing, which could continue to weigh on BTC and ETH in the short term.#英伟达Q3财报将至：能否化解市场疑虑？
2.$ETH Staking exit pressure has eased significantly
The ETH staking exit queue fell from 457,840 ETH on October 11 to 5,061 ETH on November 9, a decline of nearly 99%. Around 44.5 million ETH remains staked, accounting for 36.4% of the total supply. While this does not directly signal a bullish outlook, it does at least show that the pressure from concentrated exits has eased.
3. Large holders are starting to buy ETH again
The well-known large holder “7 Siblings” bought 10,792 ETH at an average price of $2,038 after ETH fell, worth around $22 million. They had previously sold 18,500 ETH near $2,356. Their return to the market is worth watching.
#CPI高于预期，美股与BTC再度承压
4. The AI industry is still growing
OpenAI’s quarterly revenue reached $10 billion for the first time, up nearly 50% quarter over quarter and about threefold year over year. As the AI industry continues to expand, computing power, chips, and data infrastructure remain areas worth watching over the long term.
5.$BTC Selling pressure remains
Data shows that 14 publicly traded companies have sold a combined approximately $8.08 billion worth of BTC so far in 2026. MARA sold about $3.03 billion worth, while Riot sold about $1.51 billion worth. Corporate selling has put some pressure on the market.
@Btc颜言 In summary: This is what makes the market interesting right now: the macro environment is bearish and BTC is facing selling pressure, but=ETH staking exits are down and large holders are starting to buy again. I don't think it's time to blindly turn bullish in the short term, but there's also no need to assume the bull market is over because of a single Fed announcement. Next, keep an eye on BTC fund flows and whether ETH can hold key support levels.
你觉得这次是牛市结束，还是新一轮上涨前的洗盘？
Market news is a little complicated today. The macro picture is bearish, but on-chain funds are showing some unexpected changes.
1. Hawkish Fed expectations are heating up
U.S. core CPI rose 0.3% month over month in October, above expectations. The 2-year Treasury yield climbed to 4.75%, its biggest one-day gain since April 2025. Expectations of a rate hike in December are growing, which could continue to weigh on BTC and ETH in the short term.#英伟达Q3财报将至：能否化解市场疑虑？
2.$ETH Staking exit pressure has eased significantly
The ETH staking exit queue fell from 457,840 ETH on October 11 to 5,061 ETH on November 9, a decline of nearly 99%. Around 44.5 million ETH remains staked, accounting for 36.4% of the total supply. While this does not directly signal a bullish outlook, it does at least show that the pressure from concentrated exits has eased.
3. Large holders are starting to buy ETH again
The well-known large holder “7 Siblings” bought 10,792 ETH at an average price of $2,038 after ETH fell, worth around $22 million. They had previously sold 18,500 ETH near $2,356. Their return to the market is worth watching.
#CPI高于预期，美股与BTC再度承压
4. The AI industry is still growing
OpenAI’s quarterly revenue reached $10 billion for the first time, up nearly 50% quarter over quarter and about threefold year over year. As the AI industry continues to expand, computing power, chips, and data infrastructure remain areas worth watching over the long term.
5.$BTC Selling pressure remains
Data shows that 14 publicly traded companies have sold a combined approximately $8.08 billion worth of BTC so far in 2026. MARA sold about $3.03 billion worth, while Riot sold about $1.51 billion worth. Corporate selling has put some pressure on the market.
@Btc颜言 In summary: This is what makes the market interesting right now: the macro environment is bearish and BTC is facing selling pressure, but=ETH staking exits are down and large holders are starting to buy again. I don't think it's time to blindly turn bullish in the short term, but there's also no need to assume the bull market is over because of a single Fed announcement. Next, keep an eye on BTC fund flows and whether ETH can hold key support levels.
你觉得这次是牛市结束，还是新一轮上涨前的洗盘？
