This is truly a historic bull market! Bitcoin keeps hitting new highs and trending every day, but most people don't hold Bitcoin, only altcoins, which are continuously dropping with no signs of bottoming out. Bitcoin keeps rising while more and more shorts are being added, leading to a situation where the more they short, the more it goes up, and the funding rate has returned to 0.1%, with even negative funding rates appearing. Many shorts are still going against the overall trend. Gaps created after the trend started sometimes do not get filled, like the $20,000 gap that has yet to be filled. Here’s a summary of today’s key points:
1. Bitcoin accounts for 61%, altcoins are crashing
2. Ethereum and altcoins are following Bitcoin, be cautious when shorting
3. Ethereum shows a bearish trap pattern, continue to go long at low levels
4. Neiro, Pnut, Act have bottomed out and rebounded, can build positions in batches
5. Multiple cryptocurrency ETF applications are in progress, DOGE ETF might be submitted in December
6. Nvidia's earnings report slightly exceeded expectations, but the stock price fell. Stay tuned for updates: Little Bear on coins, no waste in great skirts
7. FOLKI skyrocketed after being listed on Coinbase
8. Sun Yuchen's "buy bananas" incident caused a crash in the Ban coin
