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With a valuation comparable to OpenAI and surpassing SpaceX and ByteDance, Tether has attracted significant attention.
No need for chart analysis, macro research, or even inputting the amount of funds.
The US government shutdown has entered its 36th day, leading to a decline in global financial markets. The shutdown has prevented funds from being released from the Treasury General Account (TGA), draining market liquidity and triggering a liquidity crisis. Interbank lending rates have soared, while default rates on commercial real estate and auto loans have risen, increasing systemic risk. The market is divided over future trends: pessimists believe the liquidity shock will persist, while optimists expect a liquidity release after the shutdown ends. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model is updated.
Nvidia CEO Jensen Huang stated bluntly that, thanks to advantages in electricity prices and regulation, China will win the AI race. He added that overly cautious and conservative regulation in Western countries such as the UK and the US will "hold them back."
As Wall Street grows increasingly concerned about an AI bubble burst, OpenAI's CFO is instead calling for "more enthusiasm." She also stated that going public is currently not in the company's plans.
The Federal Reserve's ongoing interest rate cuts continue to inject liquidity into the market, which should, in theory, boost the prices of risk assets. However, why does the crypto market continue to decline? In particular, why did BTC experience a significant breakdown yesterday? This article will explore the underlying reasons and present key observation indicators.
- 08:03Data: The top ZEC contract position on Hyperliquid has an unrealized loss of $10.8 million.ChainCatcher news, according to HyperInsight monitoring, the top position holder of ZEC contracts on Hyperliquid is currently shorting 50,370.45 ZEC (approximately $25.56 million) with 5x leverage, with a floating loss of $10.8 million on this single asset. The average entry price is $293.03, and the liquidation price is $712.68.
- 07:59MMT drops to around $0.6, down 52.55% in 24 hoursJinse Finance reported that according to market data, MMT has dropped to around $0.6, currently quoted at $0.6105, with a 24-hour decline of 52.55%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 07:43Analysis: Bitcoin's current price shows "almost no bubble," with nearly 40% of holdings at a lossBlockBeats News, November 6, analyst Murphy stated in a post that Bitcoin has recently dropped to a level almost equal to its fair value—$98,000. The fair price of Bitcoin is calculated as the historical average of the MVRV ratio. If the market valuation level (MVRV) is at its historical average, then the price of BTC should be near this level, so the fair price is regarded as a "mean reversion center." Compared to the average cost of all active positions, the current price has almost no bubble. If the market remains rational, value discovery should occur and buying should enter the market. If it continues to fall below this level, it indicates that the market has entered an irrational phase (oversold), or even a collapse of confidence, which would ignore value reversion and instead lean more towards active risk aversion. Currently, the proportion of profitable BTC supply (PSIP) is 72%, which has already fallen into the extreme range of a bull market correction (70%-75%). If Satoshi Nakamoto's and lost BTC are excluded, this proportion would be even lower, meaning that at least nearly 40% of positions are currently in a floating loss. It has also been observed that the proportion of long-term holders at a loss has surged, which is also a signal that the correction has entered a relatively bottom range. The analyst believes that if the recent decline is not the extreme of a bull market correction, then it is the beginning of a cycle turning bearish. The analysis is for learning and communication purposes only and does not constitute investment advice.