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周周1688
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🇨🇳 Nov 11 | Crypto Market Brief
$BNB 🧧
Inflation is heating up again, while market risk appetite continues to cool.
📊 Market Overview
BTC: $73,700–73,900
ETH: $2,055–2,065
SOL: $82.8–83.2
BNB: $679–681
The total crypto market cap is approximately $2.45–2.50T, BTC dominance is around 60%, and the Fear & Greed Index is 29. The market remains in the Fear zone. BTC is holding up relatively well, while ETH and SOL are under greater pressure.
🔥 Today's Highlights
1️⃣ U.S. inflation exceeds expectations; expectations for a December rate hike rise
The U.S. October CPI rose 0.4% month over month, above the market expectation of 0.3%. Core CPI rose 0.3%, also above the expected 0.2%. This marks the third consecutive month of rising core inflation.
Because data for October last year was not collected during the 2025 government shutdown, the BLS was unable to publish this CPI's year-over-year figure.
Inflationary pressure is picking up again, and the market has significantly increased its bets on a December Fed rate hike. Some traders are even beginning to consider the possibility of a 50-basis-point hike. Expectations of higher interest rates are weighing on BTC and other risk assets.
2️⃣ Continued outflows from spot BTC ETFs
On November 10, spot BTC ETFs saw net outflows of about $95M, according to some tracking data, marking a fourth consecutive trading day of outflows. Total net outflows over the past five trading days were about $1.06B.
BlackRock's IBIT was one of the main sources of outflows. ETF assets remain close to $93B, but short-term institutional demand has cooled noticeably.
3️⃣ Bitmine posts huge paper loss but continues betting on ETH
Tom Lee's Bitmine reported fiscal-year results through August 31, 2026, with a net loss of about $6.31B, including approximately $6.23B in unrealized losses on digital assets.
As of the end of August, the company held about 5.9 million ETH, with a fair value of approximately $14.56B, representing about 4.9% of ETH's circulating supply at the time. It is still working toward its goal of holding 5% of the ETH supply.
Note: These are primarily paper losses caused by falling asset prices and do not represent an equivalent cash outflow.
4️⃣ Initia hit by another security incident
Layer-1 project Initia was attacked for the second time in less than three weeks. The attackers used stolen cloud credentials and a command injection vulnerability to transfer approximately $3.27M in crypto assets.
#1688Familyfamily #BlueFriend1688 #Crypto #Binance #BNB
$BNB 🧧
Inflation is heating up again, while market risk appetite continues to cool.
📊 Market Overview
BTC: $73,700–73,900
ETH: $2,055–2,065
SOL: $82.8–83.2
BNB: $679–681
The total crypto market cap is approximately $2.45–2.50T, BTC dominance is around 60%, and the Fear & Greed Index is 29. The market remains in the Fear zone. BTC is holding up relatively well, while ETH and SOL are under greater pressure.
🔥 Today's Highlights
1️⃣ U.S. inflation exceeds expectations; expectations for a December rate hike rise
The U.S. October CPI rose 0.4% month over month, above the market expectation of 0.3%. Core CPI rose 0.3%, also above the expected 0.2%. This marks the third consecutive month of rising core inflation.
Because data for October last year was not collected during the 2025 government shutdown, the BLS was unable to publish this CPI's year-over-year figure.
Inflationary pressure is picking up again, and the market has significantly increased its bets on a December Fed rate hike. Some traders are even beginning to consider the possibility of a 50-basis-point hike. Expectations of higher interest rates are weighing on BTC and other risk assets.
2️⃣ Continued outflows from spot BTC ETFs
On November 10, spot BTC ETFs saw net outflows of about $95M, according to some tracking data, marking a fourth consecutive trading day of outflows. Total net outflows over the past five trading days were about $1.06B.
BlackRock's IBIT was one of the main sources of outflows. ETF assets remain close to $93B, but short-term institutional demand has cooled noticeably.
3️⃣ Bitmine posts huge paper loss but continues betting on ETH
Tom Lee's Bitmine reported fiscal-year results through August 31, 2026, with a net loss of about $6.31B, including approximately $6.23B in unrealized losses on digital assets.
As of the end of August, the company held about 5.9 million ETH, with a fair value of approximately $14.56B, representing about 4.9% of ETH's circulating supply at the time. It is still working toward its goal of holding 5% of the ETH supply.
Note: These are primarily paper losses caused by falling asset prices and do not represent an equivalent cash outflow.
4️⃣ Initia hit by another security incident
Layer-1 project Initia was attacked for the second time in less than three weeks. The attackers used stolen cloud credentials and a command injection vulnerability to transfer approximately $3.27M in crypto assets.
#1688Familyfamily #BlueFriend1688 #Crypto #Binance #BNB
