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This is widely regarded as the most challenging bull market in the industry's history. While bitcoin has doubled from its 2023 low, the market's spirit has already become hollow.
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- 04:29JackYi: ETH may experience a short squeeze rally after NovemberJinse Finance reported that Jack Yi, founder of LiquidCapital (formerly LDCapital), stated that WLFI has risen 50% against the trend in recent days. The reasons are: first, optimism about the stablecoin USD1 sector and its prospects; second, the WLFI team’s continuous investment in buybacks; and third, the overall market and US stocks are also rebounding. From research data, ETH has been heavily shorted by multiple platforms and institutions. If it weathers the most difficult November, a short squeeze may follow. Compared to ETH four years ago, the current environment—with stablecoins, ETFs, DAT, and policies—is on a completely different level of positive factors, and the ETH price is severely undervalued.
- 04:14Yilihua: WLFI rises 50% against the trend, ETH is severely undervaluedChainCatcher news, Yilihua posted on the X platform stating that the WLFI team continues to invest in buybacks, and WLFI has recently surged 50% against the market trend. According to research and investment data, ETH is being heavily shorted by multiple platforms and institutions, which may lead to a short squeeze in the future. Compared to four years ago, under favorable conditions such as stablecoins, ETF, DAT, and policies, the price of ETH is severely undervalued.
- 04:02US-listed company Reliance sells previously held digital assets and reallocates to Zcash (ZEC)Foresight News reported that US-listed company Reliance Global Group (NASDAQ: RELI) has announced the completion of a strategic adjustment to its Digital Asset Treasury (DAT), positioning Zcash as the crypto reserve asset in its future digital asset treasury. The company stated that it has sold its previously held DAT assets and reallocated the proceeds to Zcash (ZEC), with the specific amount undisclosed. According to a previous Foresight News report, Reliance had previously purchased ADA and ETH as part of its DAT strategy, with the specific amounts undisclosed.