This is truly a historic bull market! Bitcoin keeps hitting new highs, trending every day, but most people don't have Bitcoin, only altcoins, and these altcoins are continuously declining with no signs of hitting the bottom. Bitcoin keeps rising, and more shorts are being placed, resulting in a situation where the more you short, the more it rises, with the funding rate back to 0.01, and even negative funding rates appearing. Many shorts are still going against the big trend. Gaps after the big trend starts sometimes are not filled, like the $20,000 gap which has not been filled to this day. Here are the key points from today:
1. Bitcoin accounts for 61%, altcoins are plunging
2. Ethereum and altcoins follow Bitcoin, be cautious about shorting
3. Ethereum shows a short-squeeze 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 may be submitted in December
6. Nvidia's earnings slightly exceeded expectations, but the stock price fell
7. FOLKI surged after being listed on Coinbase
8. Sun Yuchen's 'buy bananas' incident caused a crash in Ban coin
