1. Market Observation

Keywords: BTC, TORN, MOVE

Bitcoin (BTC) fell below $91,000 this morning, currently reported at $92,533. According to CryptoQuant data, long-term holders have sold over 728,000 BTC in the past 30 days, and the market is facing profit-taking pressure. However, analysts at Standard Chartered Bank expect BTC to have upward potential after consolidating in the $85,000 to $88,700 range.

In addition, positive signals have emerged in the regulatory environment, as a U.S. court ruled that OFAC overreached in sanctioning the Tornado Cash smart contract. The price of TORN reacted strongly to this news, increasing nearly tenfold. Meanwhile, the Pantera Bitcoin fund has performed impressively, with a cumulative return of over 131,000%, highlighting institutional investors' recognition of Bitcoin's long-term value.

In terms of the macro environment, U.S. stocks continue to remain strong, with the S&P 500 Index at 6,021.63 points, a year-to-date increase of 26.24%; NASDAQ Index at 19,175.58 points, a year-to-date increase of 27.74%. Several important economic data will be released tonight, including core PCE price index, quarterly GDP growth rate, etc., which may affect market sentiment.

2. Key Data (as of November 27, 10:00 HKT)

  • S&P 500: 6,021.63 points (year-to-date +26.24%)

  • NASDAQ: 19,175.58 points (year-to-date +27.74%)

  • 10-year U.S. Treasury yield: 4.302% (year-to-date -3.34 basis points)

  • U.S. Dollar Index: 106.494 (year-to-date +4.89%)

  • Bitcoin: $92,533.04 (year-to-date +118.93%), daily spot trading volume is $89.53 billion

  • Ethereum: $3,335.90 (year-to-date +46.22%), daily spot trading volume is $38.39 billion

3. ETF Flows (November 26 EST)

  • Bitcoin ETF: Net outflow of $120.5 million

  • Ethereum ETF: Net outflow of $8.3 million

4. Important Dates (November 27, 9:30 PM)

  • Core PCE price index month-on-month (previous: 0.3%, expected: 0.3%)

  • Quarterly GDP growth rate (previous: 3.0%, expected: 2.8%)

  • Personal income (previous: 0.3%, expected: 0.3%)

  • Personal spending (previous: 0.5%, expected: 0.4%)

5. Hot News

  • A U.S. court ruled that OFAC overreached in sanctioning the Tornado Cash smart contract, TORN surged nearly tenfold

  • Vitalik obtained 22.89 ETH by selling meme coins and donated 320 ETH to CoinCenter

  • Movement Network Foundation announced MoveDrop, which will airdrop 10% of MOVE tokens to the community

  • WalletConnect launched a qualification check page for WCT tokens

  • Standard Chartered Bank analysts: BTC may consolidate in the $85,000 to $88,700 range, then rise

  • CryptoQuant: Long-term Bitcoin holders have sold over 728,000 BTC in the past 30 days

  • Kraken will close its NFT market and focus on other projects

  • Pantera Bitcoin fund returns reached a thousand times, cumulative return over 131,000%

  • Uniswap Labs launched a record $15 million bug bounty program

  • Starknet becomes the first Ethereum Layer-2 network to support crypto staking

  • Zhao Changpeng: No intention to hit meme coin investments, only hopes to encourage more developers to participate in building

  • AXIOS: Trump is considering appointing an AI minister

  • Binance will delist GFT, IRIS, KEY, OAX, REN

  • Binance HODLer airdrop launches second phase project Thena (THE), THE's 1-hour increase exceeds 430%

  • 80% of the supply of the JUSTICE token issued by the owner of the internet-famous squirrel Peanut is suspected to be controlled by an internal team

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#BTC