Klapklap 💛💛💛 💯

1/ Bitcoin fell 1.5% to $74,577.82 in 24 hours. The broader crypto market dropped 1.52% to $2.5 trillion. Bitcoin underperformed a wider market that fell 1.98%. Its 91% correlation with the S&P 500 over the past week points to a macro-driven move. 2/ The primary cause was a leveraged long liquidation cascade. More than $1 billion in crypto leveraged positions closed in the 24 hours before November 6. Bitcoin accounted for $224.65 million. Longs made up over 88% in one report and 96% in another. Forced selling pushed prices lower. 3/ Bitcoin long liquidations spiked over 3339% in 24 hours to $224.65 million. Total 24-hour liquidation volume rose over 3300%. The average funding rate plunged 75%. Normalizing these signals would show leveraged selling pressure easing. 4/ Secondary drivers included a 5.5% Nasdaq drop on November 5 on AI growth concerns. Spot Bitcoin ETFs including BlackRock's saw multi-day net outflows. A reported $104.97 million sale added sell-side pressure. U.S. action against MEXC Global alleged $16 billion in illicit activity added regulatory uncertainty. 5/ Bitcoin traded below its 7-day and 30-day Simple Moving Averages. Its 200-day Simple Moving Average at $73,187.78 is major support. The key zone is $73,188 to $74,795. Reclaiming the 7-day Simple Moving Average near $77,159 would signal potential recovery. 6/ The $2.49 trillion to $2.5 trillion market-cap support zone aligns with the 78.6% Fibonacci retracement. A hold and lower liquidation volume could bring a relief bounce. A break below risks a test of the 200-day moving average near $2.48 trillion. Reclaiming $2.56 trillion and ETF flow data would gauge institutional conviction. 7/ The main catalyst is US October CPI on November 10. A hot print could renew rate fears and pressure risk assets. A cool reading could offer relief. The near-term outlook stays bearish until key resistance returns and leverage conditions calm.

Reclaim $77,159 or Break $73,188: Which Comes First for Bitcoin?

I am NOT a Chinese spy.

Read more: Bitcoin is bruised, not broken: Why the crypto sector is holding its ground e27.co/bitcoin-is-bruised-no…

Enough of Jensen Huang. Keep building on Elon Musk's platform. Build crazy friendships and communities.

Bitcoin just absorbed a $1.28B ETF exit and still held $75K. Most people expected a cascade. It didn’t happen. Bitcoin is trading ~$74,980 after tagging its lowest level since August. It stabilized right at the $75K psychological level and is still holding its 200-day moving average near $73,200. Dominance stayed near 60% while ETH and XRP both dropped 5–6%. That’s not random. U.S. spot Bitcoin ETFs saw $1.28B in weekly net outflows. Public companies dumped roughly $869M in BTC. Supply hit the market hard while demand pulled back. Over $1B in leveraged positions got liquidated in 24 hours, almost all longs. The forced selling slammed price through support, then the cascade faded. The most aggressive sellers got cleaned out. Meanwhile, broader markets got hit too. Nvidia dropped 4.3% after Jensen Huang’s China-related admission, wiping $220B+ in market cap. Nasdaq tech/AI names were down ~5% on the week. Midterm election results added regulatory uncertainty, and macro traders are watching CPI + a potential December rate hike. Equities bounced hard on Nov 9 (S&P +2.35%, Nasdaq +2.74%). Crypto didn’t fully follow yet, but the correlation is still alive. Here’s the actual takeaway: > Bitcoin held its key levels while altcoins bled and leveraged longs got liquidated. It found a floor near $75K instead of extending the breakdown. >This looks like a stress test that passed, not the start of a new leg down. > The sector is bruised. It is not broken. Do you think this is the bottom, or is the trap still being set? Watch out: The U.S. October Consumer Price Index (CPI) report is scheduled for release tonight at 8:30 a.m. Eastern Time (9:30 p.m. SGT) by the U.S. Bureau of Labor Statistics. I think Bitcoin will go to $75K for now, then dip further after the scheduled release.

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I hope to see more dogs and cats in the top 100.

Life-changing crypto wealth almost always goes to holders chasing a mission, not chasing the next candle.

1/ October U.S. CPI rose 0.4% month over month against a 0.3% forecast, and core CPI rose 0.3% against 0.2%. The surprise revived fears that the Federal Reserve will raise rates or keep them high at its December meeting. Higher rates lift yields on cash and government bonds, which makes non-yielding Bitcoin less attractive. 2/ Bitcoin fell 1.89% to $73,601.89 over 24h and broke below $73,000 to a nearly 3-month low. The broader crypto market fell 2.14% over the same period, so the move looked market-linked rather than tied to a Bitcoin-specific announcement. The CPI report gave sellers a clear macro trigger. 3/ Leverage amplified the drop. Over $1 billion in leveraged crypto positions were liquidated within 24h, and roughly 88% were long positions. About $178 million in crypto longs closed within 1 hour after the CPI release, while BTC liquidations totaled $204.41 million over 24h. Forced selling pushed prices lower and triggered more liquidations. 4/ Institutional demand weakened. U.S. spot Bitcoin ETFs recorded record net outflows of $1.28 billion in a single week, led largely by BlackRock’s IBIT fund. The available data also shows $201 million in net outflows on November 9. Public companies unloaded roughly $869 million worth of Bitcoin, adding supply pressure when the ETF bid had already faded. 5/ Broader risk assets sold off. A chip-led selloff sent the Nasdaq 100 tumbling 6.4%, and Bitcoin moved with tech-correlated assets. Headlines about stalled U.S.-Iran negotiations and an independent board investigation into Nvidia’s CEO dampened risk appetite. Crypto showed an 83% correlation with the S&P 500 and a 95% correlation with gold, consistent with cross-asset repricing. 6/ Sentiment and positioning are defensive. The Fear and Greed Index sat at 26. The total crypto market cap is $2.45T as the current pivot, and a move back toward $2.52T would suggest the selloff is easing. A break below $2.45T would raise downside risk. The next U.S. equity session and ETF flow reports offer measurable confirmation. 7/ The near-term bias stays cautious. Bitcoin is near its 200-day simple moving average at $73,136, with a recent swing low around $72,689. A hold above $73,136 and a reclaim of $74,000 to $75,000 could support a rebound. A break below $72,689 risks deeper weakness. Watch whether ETF flows turn positive.

CPI at 0.4% Broke Bitcoin’s $73,000 Floor. What Happens if the Fed Goes Bigger?

1/ South Korea plans a fourth cryptocurrency tax delay, moving implementation from January 2027 to 2029, pending legislative approval. Finance Minister Lee Hyoung-il announced it on November 5. The government says taxation needs a coherent regulatory foundation first, since the Digital Asset Basic Act remains unfinished. 2/ DABA aims to define digital assets, license businesses, and regulate stablecoin issuance, but talks remain unresolved. The Bank of Korea wants commercial banks to hold at least 51 percent of won stablecoin issuers, while industry warns this could stifle innovation and competition. Reserve backing rules are also debated. 3/ New Foreign Exchange Transactions Act amendments, effective December 3, will require covered virtual asset service providers to register and report cross-border transfers. Exchanges must connect to the government's foreign exchange monitoring network, adding compliance costs. This expands oversight of international crypto activity and closes reporting gaps. 4/ Existing law would tax annual crypto gains above 2.5 million won at 22 percent, including local income tax. Administration is complex: acquisition costs, losses, deductions, DeFi, airdrops, staking, and overseas transfers all need clear rules. OECD reporting timing differs, with US information exchange expected only in 2029. 5/ The government argues delay supports better reporting, clearer rules, and international coordination, plus three-year loss carryforward. Critics see repeated postponements as bureaucratic inertia. Fairness requires enforceable, consistent taxation, not just a nominal rate. The delay should include measurable milestones and accountability rather than become another excuse. Read the full article: intpolicydigest.org/south-ko…

South Korea’s Crypto Tax Is Delayed Again. That’s a Good Thing.

Is Short Covering the Only Reason Bitcoin Moved Higher?

1/ Bitcoin gained 0.73% to $73,937.65 and Ethereum gained 0.519% to $2,053.91 while the total crypto market rose 0.45%. The notes show a broad-market bounce, not a coin-specific catalyst. I view this as a relief move after selling eased, not a confirmed reversal. 2/ Bitcoin’s gain followed easing pressure after hotter than expected U.S. inflation data pushed BTC lower on November 10. Short liquidations suggest forced closing of bearish positions added buying. That support can fade once the squeeze ends. Bitcoin volume fell 14.3% over 24 hours, so the move lacks strong participation. 3/ U.S. spot Bitcoin ETFs recorded $95 million in net outflows on November 10, and a headline noted a 4th day of outflows. Outflows remove demand instead of adding fresh buying. Bitcoin’s 7-day change stayed down 8.06%. The daily gain sits inside a weak short-term backdrop. 4/ Bitcoin trades near $73,938, below its 7-day average of about $74,990 and above its 200-day average of about $73,118. Holding $72,689 and reclaiming $75,000 to $76,000 would support recovery. A break below $72,689 risks $70,000. Near-term momentum stays fragile without that reclaim. 5/ Ethereum gained 0.519% to $2,053.91 as broad-market beta, with no clear ETH-specific driver. Ethereum volume fell 33.19%, and its 7-day change was down 15.03%. The Fear reading of 27 shows cautious sentiment. The small rise looks vulnerable if wider-market buying fades.

COMMUNITY is always the real FLEX.

What If China’s AI Crash Was A Feature, Not A Bug? (Via @Benzinga) 1/ U.S. AI boom is highly concentrated. Microsoft, Alphabet, Amazon and Meta are spending hundreds of billions on infrastructure. Goldman Sachs estimates nearly $800 billion in hyperscaler capex this year. The AI Big 10 are about 42% of S&P 500 market value. This narrow leadership creates a fragile, single-point-of-failure system.

2/ U.S. valuations depend on a tiny group. Top 10 S&P 500 stocks are the most concentrated since 1965. The index trades around 22 times forward earnings, above its long-term average, while AI-linked names carry richer multiples. Rising AI profits support share prices, wealthy spending and demand, but sudden repricing risk never disappears; it waits. 3/ China absorbed a sharp AI correction. China’s AI stock sector lost roughly $480 billion. The STAR50 index fell over 40% from its July peak. Even after the selloff it traded near 100 times trailing earnings, down from nearly 250 times. Retail margin and speculation fueled the rally. Beijing did not engineer the crash; the business model reflected a strategic choice. 4/ China’s strategy centers on open-weight AI. DeepSeek, Alibaba and Moonshot release models anyone can download, modify and run. Chinese open-weight systems took 17.1% of global AI model downloads through August 2025, versus 15.86% for the U.S. By mid-2026, Chinese architectures captured 41% of Hugging Face downloads. Alibaba’s Qwen ecosystem spawned over 300,000 derivative models. 5/ Beijing supports diffusion, not stock mania. State-backed investors have sold into domestic rallies to temper speculation. China wants cheap, efficient AI embedded in manufacturing, logistics and supply chains. Its roughly 30% share of global manufacturing output provides a large testing ground for factory automation, robotics and logistics software. This favors industrial utility over short-term financial euphoria.

Jensen is just a political sacrifice > Why? His affairs are nothing new The timing to get rid of him after midterms is near perfect More people supporting Trump may get cancelled > Who is next? Elon Musk could be next Affairs won’t hurt him They may use his mum as a weak point cos she frequents China 🤡

Jensen Huang will return stronger