Analyst Murphy pointed out that the investor confidence index is approaching emotional lows. If BTC does not experience a significant rebound, a signal will be triggered next week. Short-term traders without positions may face the best opportunity. Past data shows a major trend between the red panic zone and the optimism zone. The current market sentiment is fluctuating and has not yet formed a consensus direction.

PANews November 9th News, Coinbase Institutional stated in its monthly outlook report that although the crypto market remains shrouded in panic, the liquidation events in October are more likely to indicate a strong medium- to long-term rebound rather than weakness, laying a solid foundation for gains in the fourth quarter. However, a comprehensive market stabilization may take several months, and in the near term, a slow upward trend is more likely than a surge to new all-time highs. The report mentioned that current leverage levels have improved, but liquidity gaps still exist. Capital is rotating, and savvy funds are gathering around EVM chains, RWA, and yield protocols—indicating that investors are engaging in selective risk reinvestment rather than withdrawal. Macro risks still exist, but structural demand is strengthening. Coinbase ultimately believes this is the bottoming phase before the next rally.

Galaxy Digital Research Director Alex Thorn stated that although the bullish sentiment for Bitcoin has waned, it may regain popularity in the future. He believes that investors shifting to other sectors have affected Bitcoin allocations and has lowered the year-end target price from $185,000 to $120,000.

PANews November 9th – According to Cryptoslate, regarding a chart shared by Charles Edwards, co-founder of Capriole Investments, on the X platform, indicating that Bitcoin OGs are cashing out. On-chain analyst Willy Woo tweeted that not every move by OGs should be interpreted as a sale. He highlighted three key points often misunderstood as sales but may be unrelated to price-driven liquidations: Address upgrade: Many OG holders are transferring tokens from traditional addresses to Taproot addresses for security reasons (not for cashing out). Custody rotation: Tokens may be transferred to institutional custody (e.g., Sygnum).

Crypto analyst Matthew Hyland believes that although the altcoin market may rebound, Bitcoin dominance remains weak, and price fluctuations are influenced by manipulation. The overall market focus still centers on Bitcoin, with the altcoin season index at only 28/100, indicating it is in the Bitcoin season zone.

BiyaPay analysts point out that the global interest rate cut cycle may be nearing its peak, with liquidity reaching a turning point. In the future, markets will be influenced by capital flows. If liquidity tightens, high-value assets such as stocks and cryptocurrencies may come under pressure. BiyaPay offers flexible trading services to adapt to market changes.

金色财经报道，美联储理事米兰表示，稳定币的广泛使用可能会增加触及零利率下限的风险，大量使用稳定币可能会降低中性利率；稳定币的兴起或将推动美元更广泛地使用，推高美元价值，使美联储的利率降低。

The Office of the South Korean President stated that the results document of the Korea-U.S. tariff security consultations is being finalized and may involve new issues such as nuclear-powered submarines. The joint situation report will reflect the outcomes of the talks between both sides, including authority over reprocessing spent fuel and uranium enrichment.

Modular data layer CARV announced its AI Agentic Chain mainnet upgrade "Shielded Mind" on November 7th, implementing privacy protection and data sovereignty through zero-knowledge proof technology. This upgrade introduces a dual-layer architecture and front-running resistance features, while the Cashie payment tool is also being updated. CARV has adjusted the airdrop timing and eligibility period, increasing the distribution ratio to 4%. Binance will list related perpetual contracts.

Gate News Bot message, November 7th, according to CoinMarketCap data, as of press time, SKYAI (SKYAI) is priced at $0.02, up 36.24% in the past 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $22 million, an increase of $5.86 million from yesterday. SKYAI is a project that provides extended MCP and aggregated on-chain data services. The project aims to enable large language models to access on-chain and aggregated data in real-time through MCP, facilitating autonomous decision-making. SKYAI's goals include breaking down data silos, helping large language models enter the blockchain space, and accelerating blockchain development. The project plans to release the extended MCP and launch the Playground (MVP) by May 2025, followed by support for ETH and

Golden Finance reports that despite increased market volatility and an overall downward trend, experts remain optimistic, expecting Bitcoin to achieve a positive close in the fourth quarter. Bitcoin needs to rebound at least 10% to reach the quarterly breakeven price of $114,000. If this level is broken through, the trend for this quarter will turn upward. "The impact of the US-China trade war on risk assets like cryptocurrencies may exceed expectations," said Daniel Liu, CEO of Republic Technologies. He added that a potential government shutdown crisis in the United States has also heightened market caution. Adam Chu, Chief Researcher at GreeksLive, stated that this cautious attitude is reflected both in market behavior and in declining liquidity. He cited cryptocurrency options data indicating that currently, neither bulls nor bears hold an advantage. "On the contrary, they expect the market..."

Trump for the first time acknowledged that the costs of the tariffs he implemented might be partially borne by American consumers, marking a significant shift in his "foreigners pay" rhetoric. This statement was made during a Supreme Court hearing questioning the legality of his tariff authority, where Trump warned that an unfavorable ruling would be a "catastrophic blow" and said the government should prepare contingency plans. Nevertheless, he still believes that the overall tariff policy is beneficial to the United States.

Galaxy CEO Mike Novogratz pointed out that the cryptocurrency market is currently sluggish, with long-term holders adjusting their asset allocations, which could put downward pressure on prices in the short term. Looking ahead, the dovish stance of the new Federal Reserve Chair may help stimulate a market recovery.

Liquid Capital founder Yi Lihua analyzes the current market situation, believing that Bitcoin and Ethereum may rebound. He points to expectations of interest rate cuts and strong US corporate earnings as support, advising investors to stay confident in buying. Cryptocurrencies are still undervalued.

BlockBeats reports that on November 6th, Morpho co-founder Merlin Egalite issued a statement addressing the issue of "insufficient liquidity" in some liquidity pools. He explained, "When the market is under pressure, people tend to reduce risk, which often leads many lenders to attempt to withdraw all their funds at once. This causes capital utilization to rise and liquidity to decrease, and in extreme cases, there may be no available liquidity in the short term. This is not a system vulnerability but a natural response mechanism of the lending pools under stress. To restore balance, the interest rate model automatically increases borrowing rates. Taking Morpho as an example, its target utilization rate is 90%, meaning that under normal circumstances, about 90% of the deposited funds are lent out. When utilization surges to 100%, the interest rate increases fourfold. In most cases, market interest rates typically recover within a few minutes."

Odaily星球日报讯 美联储古尔斯比表示，可能不愿继续降息周期，提前降息让我更加不安。（金十）

Bitfinex reports show that over the past two days, Bitcoin long positions were liquidated by $2.8 billion. The price dropped below October's low to $99,045, reducing market capitalization by $280 billion. Deleveraging is linked to market risk aversion, with buyers entering at key support levels. Open interest has fallen to $69.3 billion, indicating an optimistic outlook.

The Bank of England kept interest rates unchanged at 4%, a decision that caught the market off guard. The voting was nearly evenly split, with Bailey's stance being a key factor. Policymakers are awaiting more data, and the autumn budget will influence the pace of future policy adjustments.

金十数据11月6日讯，伦敦资本集团分析师Matt Basi在一份报告中表示，预计英国央行将在稍后公布的利率决议中把基准利率维持在4.0%不变，原因是央行正等待11月26日英国预算案中财政计划的细节。Basi指出，预算中可能出台的新政策措施存在不确定性，已导致部分企业和家庭搁置其财务计划，从而抑制了经济活动。他认为，英国央行可能会等到预算公布之后，才会考虑投票支持进一步降息。

A study conducted by the Oxford Internet Institute and other organizations found that artificial intelligence evaluation methods often exaggerate their performance and lack scientific rigor. Analyzing 445 benchmark tests, the researchers discovered that many test objectives were unclear and lacked reliability, raising questions about their validity. The researchers called for a thorough review of these tests.

The Bank of England will consider the upcoming autumn budget at this month's meeting, with markets expecting Chancellor of the Exchequer Jeremy Hunt to announce tax increases. The tax hikes could help ease inflation by dampening consumer demand but may also impact household incomes. Economists predict that if the tax increases are implemented, the central bank might cut interest rates next year.

Golden Ten Data, November 6 — According to informed sources, SoftBank Group considered acquiring U.S. chip manufacturer Marvell earlier this year. If the deal had gone through, it would have been the largest semiconductor industry merger and acquisition in history. Reports indicate that SoftBank founder Masayoshi Son has viewed Marvell as a potential target for years, as part of its strategic focus on artificial intelligence hardware. Several months ago, SoftBank engaged in discussions with Marvell, but the two sides could not reach an agreement on the terms. Sources say that SoftBank originally planned to merge Marvell with Arm, the chip design company controlled by SoftBank. Although there are no current substantial negotiations underway, some believe SoftBank may revisit its interest in the future. Marvell's stock has fallen 16% this year, with a market value of approximately $80 billion. In contrast, Nvidia, Broadcom, and Arm have all seen significant stock price increases this year, with Arm's current valuation around $170 billion.

Golden Finance reported that if the repurchase协议利率 rises above the effective federal funds rate target range, or just at the upper end, and remains there for several weeks, decision-makers may need to make adjustments, Barclays strategist Samuel Earl stated in a report. Earl wrote that the repurchase market is an "important driver" of the direction of the federal funds Intrerest Rate, and officials need to be concerned about the repo rate remaining at or even above the upper limit of the range. This means that the Federal Reserve will ultimately need to increase reserves through more repo lending or direct purchases of Treasury bills.

BlockBeats news, on November 5th, Morgan Stanley CEO Gorman stated that the economy may rise, and the labor market remains relatively stable, with no signs of cracks in the credit cycle. (Jin10)

Jin10 data, November 5th – Monex Europe analysts stated in a report that the euro has rebounded against the dollar, but due to fluctuations in global risk sentiment, the rise may still be limited and short-lived. They pointed out that the risk aversion sentiment following the stock market sell-off and concerns over the ongoing U.S. government shutdown drove the earlier rise of the dollar. In addition, the divergence among Fed officials on interest rate issues has also suppressed short-term rate cut expectations. Given that the European Central Bank advocated for keeping interest rates unchanged last week, analysts believe the euro will fluctuate between 1.14 and 1.16.

PANews, November 5 - According to a report by Reuters, from launching new products and services in Japan to promoting Margin Trading, Japanese cryptocurrency exchanges and financial companies are seizing the opportunity of investors' rising enthusiasm for digital assets amid expectations of potential regulatory easing, aiming to profit from it. As of the end of July, the scale of crypto assets held by Japanese investors exceeded a record 50 trillion yen, an increase of 25% compared to just a month ago. During the same period, Bitcoin, as the main Holdings, saw a price increase of only 15% in yen terms. By the end of September, the Holdings scale slightly decreased to 49 trillion yen. Currently, industry participants are preparing to accelerate growth. The regulatory changes being discussed may attract more retail investors by reducing cryptocurrency capital gains tax and easing restrictions on lending and asset securitization transactions. Satoshi Hasuo, a representative director of Coincheck, pointed out that the number of securities accounts is approximately equal to that of cryptocurrencies.

PANews, November 5 news, according to Matrixport analysis, Bitcoin is currently approaching the oversold area, which has historically been a high-frequency rebound zone. However, the technical indicators show that there has not yet been a clear signal of a stop in the fall, and it still needs to be observed whether the market has entered a recovery phase. In addition, Bitcoin's price has pulled back to the previously indicated risk range, which has a certain attractiveness for low-level layouts, but sustained upward movement still requires favourable information from the macro environment. Some technical indicators like RSI have shown signs of stabilization and recovery, but the market's completion of bottoming may still need to experience a deleveraging process dominated by spot trading and clearing of chips.

Matrixport analysis indicates that Bitcoin's technical indicators are approaching the oversold area, which may lead to a rebound, but a clear reversal signal is still needed. Although "Buy the Dips" is attractive, a real trend reversal still requires macro favourable information, which has not yet appeared.

Jin10 data reported on November 5th, this week, the Reserve Bank of Australia decided to keep the Benchmark Interest Rate unchanged and predicted that inflation risks will persist until next year. Some economists are beginning to believe that the easing cycle that started in February may have ended. JP Morgan economist Tom Kennedy stated that the number of sub-items with still high inflation levels is concerning, posing the first substantial challenge to the "inflation slowdown" narrative that the Reserve Bank of Australia has adhered to over the past few quarters. He added that the easing cycle is likely coming to an end, and the cash rate may remain at 3.6%.

He Yi, co-founder of Binance, published an article on platform X reviewing the significant fluctuations in Bitcoin prices throughout history, emphasizing that each cycle has both pessimists and optimists, and reminding everyone to study the market in depth; history may not repeat itself, but it will have similarities.

BlockBeats news, on November 5, according to crypto KOL AB Kuai.Dong's tweet, during the Q&A session at the Jeju Island event, Aster CEO stated that they will prepare a privacy public chain to serve traders, with a base 0 Gas fee, and may use ASTER as the future Gas fee. Regarding assets, more traditional assets, such as stock token futures, are planned to be launched in the future, and there are plans to collaborate with IPO platforms.

On November 5, Jin10 reported that the market capitalization of global chip manufacturers has sharply declined, as investors' concerns over the high valuations of tech stocks deepen. The selling wave led to a combined evaporation of about $500 billion in market capitalization for the Philadelphia Semiconductor Index on Tuesday and the index tracking Asian chip stocks on Wednesday. This big dump highlights that the rise of semiconductor stocks driven by the AI boom has been excessively overdrawn. Since the low point in April, as investors bet on a surge in AI computing demand, the market capitalization of chip manufacturers has increased by several trillion dollars. However, the current pullback reflects the market's growing concerns about the industry’s earnings prospects and excessively high valuations, especially against the backdrop of interest rates potentially being 'higher for longer.' Chris Weston, the research director at Pepperstone Group, stated: 'The entire market is a 'sea of blood,' presenting a gloomy and dull risk landscape. We must keep an open mind and acknowledge that this adjustment may further expand. Currently, there is almost no reason to buy.'

BlockBeats news, on November 5th, Chinese encryption analyst Banmuxia stated, "Regarding Bitcoin, many people still underestimate the complexity of the upcoming market situation. I believe that this small Bear Market will most likely end around 84,000 USD, but that doesn't mean it will continuously decline smoothly to 84,000 USD; this time it will likely be a complex horizontal adjustment. Currently, it seems that there may be a slight decline to around 94,500 USD, and then it will probably enter an exceptionally complex oscillation market, with a rebound potentially reaching above 116,000 USD, before slowly falling back to the 84,000 USD and below 6-8% range."

According to ChainCatcher news and Jin10 reports, before the big dump in the US stock market and the stock markets of Japan and South Korea, several executives from Goldman Sachs and Morgan Stanley issued warnings, pointing out that the market may face a pullback space of up to 15%.

According to ChainCatcher news, The Block reported that Julio Moreno, research director at the on-chain analysis company CryptoQuant, stated that if Bitcoin fails to hold the $100,000 support level, the price could fall to $72,000 within 1-2 months. Currently, Bitcoin has dropped below $100,000, trading at approximately $100,800, with a decline of over 5.2% in the past 24 hours. Since the largest liquidation event in crypto history occurred on October 10 (over $20 billion in leveraged positions were liquidated), market demand has continued to shrink, U.S. ETF fund flows are negative, and overall market sentiment has turned bearish. Despite short-term pressure, analysts believe that the long-term trends of ETF inflows and institutional adoption remain strong.

Jin10 data, November 5 news, gold futures further fell below the $4000 per ounce mark, with some analysts calling this downward trend a "correction." RJO Futures analyst John Caruso stated in a report: "I think this is a kind of 'halftime,' but I also acknowledge that the adjustment may deepen in the short term." However, Caruso emphasized that after this pressure passes, prices may rise further, and there is currently no indication that gold prices have bottomed.

PANews, November 4th news, GoPlus Chinese community published an analysis on the X platform, stating that with the continuous fall in prices and reduced Liquidity, more stablecoins like XUSD may be lurking with a higher risk of de-pegging or insolvency. 1. Yield-bearing/leverage vault, synthetic yield stablecoins rely on high return strategies (lending/leverage/LP rewards), have a large exposure to external borrowing, and require high liquidity (xUSD belongs to this category). 2. Algorithm / Dual Token Stablecoin (without sufficient external collateral) The mechanism to maintain price stability relies on market arbitrage / token burning, and does not have reserves for immediate recovery in fiat currency. 3. Projects relying on centralized custody or single counterparty (custodial / centralized

BlockBeats news, on November 4th, well-known encryption analyst @IamCryptoWolf posted on the X platform stating that Ethereum is entering the final stage of the adjustment that started in August, and all of this is part of a larger pattern that began around 1500 dollars. If Ethereum cannot quickly return to 3900 dollars, then expect to buy Ethereum at 3400 dollars.

He Yi shared the progress of Giggle Academy on social media platforms, emphasizing the importance of the community's shift from one-way contributions to charitable mutual support, and pointed out the challenges of lacking standard answers and business models in the development of public chains. He believes that pessimists may be right, while optimists may succeed.

Jin10 reported on November 4 that Great Wall Technology announced that the company's actual controller is planning to transfer the company's shares through an agreement, which may lead to a change in the company's control. Due to the significant uncertainty surrounding the matter, the company's stock has been suspended from trading since the market opened on November 3, 2025, and it is expected that the suspension will not exceed 3 trading days. The company will fulfill its information disclosure obligations based on the progress of the matter.

Odaily News Encryption KOL Phyrex stated on platform X that in the past week, gold funds experienced a net outflow of over 7.5 billion dollars, marking the largest single-week net outflow in history. In the previous four months, gold funds had a cumulative net inflow of 59 billion dollars. He believes that the outflow of funds from gold funds may indicate a weakening of some investors' risk-averse sentiment and a rise in risk appetite, and this portion of funds may flow into risk markets.

PANews, November 4 news, Matrixport analysis points out that the Bitcoin price is currently close to the 21-week moving average, a metric that has shown reference value multiple times in past cycles. Analyst Markus Thielen stated that although there may be a possibility of further downward movement in the current trend, it does not signify the end of the market. This serves as a reminder to investors that rather than being disturbed by short-term market fluctuations, it is better to refer to time-tested indicators as a stable basis for decision-making.

Gate News Bot News, November 5th, according to CoinMarketCap data, as of the time of publication, XNO (Nano) is currently priced at $0.93, having risen 50.77% in the last 24 hours, with a high of $1.03 and a low of $0.59. The current market capitalization is approximately $124 million, an increase of $41.6 million compared to yesterday. Important news about XNO recently: 1️⃣ **Market attention rises** XNO (Nano) has seen significant price fluctuations recently, attracting widespread attention in the cryptocurrency market. Within 24 hours, the price surged from a low of $0.59 to a high of $1.03, demonstrating strong pump momentum. This dramatic price movement may have drawn the attention of more traders and investors, further boosting trading volume. 2️⃣ **Technical Analysis Indicators Strengthening**

Moody's Analytics believes that the Reserve Bank of Australia has ruled out the possibility of an interest rate cut in the near term due to concerns about inflation risks, and that any rate cuts may not occur until mid-2026 at the earliest, depending on economic conditions. Analysts point out that confirmation of a genuine decline in inflation is necessary before any rate cuts, and that the central bank will maintain a wait-and-see approach, anticipating a cooling of private demand.