#11.26 Quick overview of currency circle data (short side): [BRC20 cooling shutdown price increases]
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BTC liquidation chart: support below $37,000, pressure above $38,287
DeFi total locked-up volume increased by 20% weekly
Fear Greed Index: 73 Greed
Bitcoin Volatility Index (DVOL): 53 (the greater the volatility, the greater the risk of decline)
Shanzhai Season Index: 41 (measures the relative strength of BTC and Shanzhai, the higher it is, the more enthusiastic the Shanzhai is)
Mainstream Bitcoin miner shutdown price: $22893 (S19Pro+Hydro)
Market evaluation: As BRC20 cools down and computing power increases, the shutdown price of mining machines has further increased. The BTC liquidation chart has a large number of chips waiting for liquidation near 37,000, which may occur in the near future. Bond yields have already risen first to express panic, and Federal Reserve officials may pour cold water on market expectations of interest rate cuts.
24-hour long-short ratio: 49.18%/50.82%, short side is long
24-hour liquidation: $37.42 million long order: short order = 1:1 basic balance
There are 149 days left until the Bitcoin halving (estimated on April 23, 2024)
Strong currencies: APE, VET, INJ, MANA, KLAY
Recent large-amount unlocks: YGG (November 27), PENDLE (November 29), GMT (December 1)
key message
Macro news (bearish)
Several Fed officials will give speeches to counter market expectations of interest rate cuts.
Inflation data expected to contradict Fed stance
The U.S. Treasury market faces another important test next week
Expected rise in bond yields signals market panic
Global stocks on track for biggest monthly gain in three years
Currency news
The Cosmos Hub community has voted to adopt the proposal to “reduce the ATOM maximum inflation rate to 10%”
Data: Grayscale GBTC negative premium rate has narrowed to 8.07%
Data: Blast Network TVL breaks $500 million
AzukiDAO changed its name to "Bean" and has raised US$10 million in funds to issue 1 billion memecoin
