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1Bitget Daily Digest (Nov 21) | U.S. September Nonfarm Payrolls Unexpectedly Increase by 119,000; BTC Falls Below $86,000, Crypto Market Sees $834M in Liquidations; OpenAI Launches ChatGPT Group Chat Feature Globally2Bitcoin slump to $86K brings BTC closer to ‘max pain’ but great ‘discount’ zone3Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut
Bitcoin Faces $4B in Short Liquidation Risk at $112,600: Can the Descending Wedge Trigger a Bullish Reversal?
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Elon Musk Tells Joe Rogan the Next Tesla Roadster Will Fly—And AI Is Coming for Everyone
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Dogecoin Witnesses Death Cross After 3 Months As Price Falls Below $0.200
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Bitcoin Price Reaches Make-or-Break Zone After October’s 3.5% Retreat
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Berachain introduces a $50 million DAT, BERA may usher in a new round of explosive growth
Recently, the Berachain ecosystem received an epic piece of positive news. According to Berachain’s official Twitter account @...,
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OpenAI Eyes $1 Trillion Valuation with 2026 IPO Plans Amid Rising AI Competition
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Crypto: Key Senate Negotiations Underway Despite the Shutdown
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$2.49B In XRP : Ripple’s November Unlock Raises New Questions
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The Bitcoin white paper turns 17 years old
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Is Bittensor (TAO) Poised for a Bullish Rally? This Emerging Fractal Setup Saying Yes!
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Flash
- 02:55The address that liquidated its ZEC long position yesterday with a loss of $846,000 has now opened a $2.66 million short position.According to a report by Jinse Finance, on-chain analytics platform Lookonchain monitored that the address starting with 0x152e closed its ZEC long position yesterday with a loss of $846,000. As the price of ZEC rebounded, this address shorted 4,574.87 ZEC with 5x leverage in the past 40 minutes, worth approximately $2.66 million. At the same time, this address also went long on 367.36 BTC with 20x leverage, worth about $31.63 million.
- 02:52Port3 was exploited by hackers this morning, who minted, sold, and burned tokens through a vulnerability, causing the token price to drop by over 82% cumulatively.BlockBeats news, on November 23, AI intelligent agent Port3 Network issued a security alert on social media this morning, stating that a hacker exploited a vulnerability in BridgeIn to mint an additional 1 billion tokens. To protect users, the team has removed part of the liquidity and is preparing to communicate with the hacker. On-chain data shows that the hacker sold a large number of tokens on-chain, but did not deposit them into any CEX. Afterwards, the Port3 team removed on-chain liquidity, preventing the hacker from further cashing out. Some trading platforms have also closed deposit channels. The hacker eventually burned all remaining tokens. Market data shows that as of press time, this incident caused the PORT3 token to drop by 82%, falling from $0.037 this morning to a low of $0.0066, and now rebounding to $0.0086. The market cap is only $4.05 million, with an FDV of $8.11 million.
- 02:52When Bitcoin hit its weekly low, the Federal Reserve collectively turned dovish; traders and analysts are optimistic about a short-term bottom forming.BlockBeats News, November 23, this week Bitcoin continued to decline from a high of $96,000, hitting a low of $80,600 around 20:25 on Friday, November 21 (UTC+8). That evening, several Federal Reserve officials delivered speeches releasing positive signals, reversing the market's previous view that "there will almost certainly be no rate cut in December." The earliest speech coincided almost exactly with the $80,600 low. Among them: New York Fed President Williams stated that given the current slightly tight policy, the Federal Reserve may still cut rates in the short term. The inflation process has stalled, but it is expected to reach the 2% target by 2027. Federal Reserve Governor Milan said that the impact of the non-farm payroll data released last Thursday was "clearly dovish," and insufficient data does not mean the Fed has no forecasts. Federal Reserve Vice Chair Jefferson also stated that he believes the current AI-related US stock rally is unlikely to repeat the crash scenario of the late 1990s internet bubble, mainly because today's AI-related companies are more mature and have real profitability. Federal Reserve's Logan said that the Fed's balance sheet is expected to resume growth soon. After several officials "collectively turned dovish" and reversed the situation, the three major US stock indexes opened higher, and Bitcoin simultaneously began to rebound. The market believes the probability of a rate cut in December quickly rebounded to above 70%. As of press time, Bitcoin's rebound has once broken through $86,000. Several market analysts and traders expressed the view that "the short-term bottom has appeared," among them: Well-known Chinese crypto analyst Banmuxia said that $80,500 can basically be confirmed as an important low point in this round of the bear market, and may even be the lowest point, but the bear market is not over yet, and the market may still undergo "bottom consolidation" in the future. Crypto trading indicator analysis platform CoinKarma pointed out that at the daily close of BTC on November 21, spot trading volume on multiple exchanges reached the highest recent levels, indicating significant turnover in the market. This kind of "large turnover and increased volume to stop the decline" structure is a typical short-term bottom signal. Placeholder VC partner Chris Burniske stated that the crypto market seems ready for a rebound, enough to make people bullish again, and then the next round of sharp declines will follow.