Bitcoin rebounded overnight alongside U.S. stocks, climbing to around 74811 before failing to hold. The Asian session gave back nearly all of the gains; it is now around 73664, roughly where it was last night.
Binance Spot $BTC is currently around $73664 (24-hour change: +0.16%), with a range of around 73209–74811. It hit a high around 5 a.m. Beijing time this morning, then dipped to around 73480 around 7 a.m. $ETH climbed to around 2104 before falling back to around 2051 (24-hour change: +0.10%), with an intraday low of around 2036.
U.S. stocks held on to their gains. Yahoo Finance shows that on November 11, the S&P 500 closed at 7619.38 (+1.31%), the Nasdaq Composite at 25466.19 (+1.60%), and the Dow at 52486.49 (+0.49%). Crypto only followed the overnight rally for a while and did not carry those gains forward.
On the flows front, data for major products from Farside for November 11 is still incomplete: IBIT, FBTC, ETHA, and others have yet to report. Among the figures disclosed so far, Bitcoin ETFs saw net outflows of around $30.1 million in total (GBTC: around -$39.1 million; MSBT: around +$9 million), while Ethereum ETFs saw net outflows of around $5.6 million. The complete November 10 figures remain around -$95 million for Bitcoin and -$1.3 million for Ethereum.
Tonight at 21:30 Beijing time, watch for U.S. initial jobless claims. The previous figure was 189,000, and the median estimate in a Reuters poll is around 195,000. PPI is due at the same time tomorrow.
Do you think this pullback after the spike looks more like a failed short-term rally that failed to keep pace with U.S. stocks, or should we wait for the November 11 data from major ETF products to come in before drawing a conclusion?
Sources: Binance Spot, Yahoo Finance, Farside Investors, Reuters (as relayed by Interactive Brokers). This is not investment advice.
#美股 #InitialJoblessClaims
Binance Spot $BTC is currently around $73664 (24-hour change: +0.16%), with a range of around 73209–74811. It hit a high around 5 a.m. Beijing time this morning, then dipped to around 73480 around 7 a.m. $ETH climbed to around 2104 before falling back to around 2051 (24-hour change: +0.10%), with an intraday low of around 2036.
U.S. stocks held on to their gains. Yahoo Finance shows that on November 11, the S&P 500 closed at 7619.38 (+1.31%), the Nasdaq Composite at 25466.19 (+1.60%), and the Dow at 52486.49 (+0.49%). Crypto only followed the overnight rally for a while and did not carry those gains forward.
On the flows front, data for major products from Farside for November 11 is still incomplete: IBIT, FBTC, ETHA, and others have yet to report. Among the figures disclosed so far, Bitcoin ETFs saw net outflows of around $30.1 million in total (GBTC: around -$39.1 million; MSBT: around +$9 million), while Ethereum ETFs saw net outflows of around $5.6 million. The complete November 10 figures remain around -$95 million for Bitcoin and -$1.3 million for Ethereum.
Tonight at 21:30 Beijing time, watch for U.S. initial jobless claims. The previous figure was 189,000, and the median estimate in a Reuters poll is around 195,000. PPI is due at the same time tomorrow.
Do you think this pullback after the spike looks more like a failed short-term rally that failed to keep pace with U.S. stocks, or should we wait for the November 11 data from major ETF products to come in before drawing a conclusion?
Sources: Binance Spot, Yahoo Finance, Farside Investors, Reuters (as relayed by Interactive Brokers). This is not investment advice.
#美股 #InitialJoblessClaims