Daily market data review and trend analysis, produced by PANews.

1. Market Observation

Market sentiment was boosted by hopes that the US government would end its longest shutdown in history , driving a broad rally in risk assets such as US stock futures, cryptocurrencies, and commodities. However, the Federal Reserve faces a complex balancing act. New York Fed President Williams warned that low- and middle-income families in the US are experiencing a growing affordability crisis, which could put the economy at risk of recession. This predicament, coupled with a cooling job market, is a key factor influencing whether the FOMC will cut interest rates again in December. While optimism about the artificial intelligence investment boom has replaced earlier recession fears, and Williams believes the risk of a related investment bubble is manageable, Fed Chairman Powell and other officials remain cautious about the economic outlook.

Against this backdrop, Warren Buffett's upcoming open letter is highly anticipated, seen as his farewell address before stepping down as CEO. Investors hope to glean insights into Berkshire Hathaway's future under his successor and Buffett's market views. Recently, amid a tech stock sell-off, Berkshire's stock price bucked the trend, rising thanks to its defensive business portfolio and a record $382 billion in cash reserves.

In the Bitcoin market , bullish and bearish opinions are fiercely clashing, with prices hovering near key support levels. Technical analyst Ali points out that if Bitcoin falls below $100,980, the next key support zone will be $93,400. Despite the mixed market sentiment, Robert Kiyosaki , author of "Rich Dad Poor Dad," remains extremely bullish, giving a target price of $250,000. In contrast, Alex Thorn, head of research at Galaxy Digital , while bullish in the long term, has lowered his year-end target price from $185,000 to $120,000, citing investor attention shifting to other areas such as AI. Short-term technical indicators are equally complex. Analyst KillaXBT warns that spot selling pressure could lead to a price decline. Bitcoin open interest (OI) increases as prices rise, but the spot market has turned deeply negative, indicating intensified spot selling. In the short term, short liquidity is concentrated between $105,600 and $105,900, while long liquidity is around $103,600 and $102,000. Furthermore, the CME has not yet opened to form a $900 upward gap, and the price is expected to pull back to test the $103,800 area. Daan Crypto Trades emphasizes that the 200-day moving average at $104,000 on the CME futures chart is a key support level that must be held. Delphi Digital analyst that1618guy believes that if the early November lows can hold and ETF funds flow back in, Bitcoin's price could rebound to $130,000 by December. This is contingent on BTC overcoming its recent weakness, especially a daily closing price that needs to regain above $116,000 to turn bullish in the short term.

The Ethereum market is also at a critical juncture, with its price performance influenced by multiple factors. Analyst Ali , based on on-chain data, points out that Ethereum faces significant resistance around $3,700, formed by the accumulation of over 869,000 ETH, while key support levels are located at $2,866, $2,528, and $1,789. There are optimistic voices in the market; Liquid Capital founder Yi Lihua has set a target price of $7,000 for Ethereum in this round, believing that the US midterm elections, potential fiscal stimulus, and crypto-friendly regulatory policies (such as the CFTC's proposed allowance of stablecoins as collateral) will jointly drive a new bull market. However, short-term technical indicators and market data reveal challenges. According to Cointelegraph analysis, factors such as outflows from spot ETFs, futures market premiums remaining low at 4%, TVL falling to its lowest level since July, and declining DApp revenue are all putting pressure on Ethereum's price, making its path back to $3,900 fraught with obstacles. Analyst Daan Crypto Trades points out that Ethereum needs to return to the $3,500 area in the short term to correct the decline. The current support level of $3,365 is crucial; if it is breached, it could trigger a deeper correction.

In the altcoin market, Ore, a long-established mining protocol within the Solana ecosystem, saw its daily revenue surge to over $1 million after launching its V2 mechanism, with its token price tripling within a week. Furthermore, Trump proposed distributing at least $2,000 in tariff "dividends" to every American , potentially through tax cuts in his earlier landmark economic policy bill. Following this news, World Liberty Financial ( WLFI ) rose 30%, and Trump rose 10%. Additionally, the privacy project ZEC remains popular, with multiple KOLs still recommending it; it has risen 20% in the past 24 hours. NEAR, which facilitates ZEC cross-chain transfers through the Near Intents protocol, has also garnered attention, rising over 50% since November.

2. Key Data (as of 13:00 HKT, November 10)

(Data source: Coinglass, Upbit, Coingecko, SoSoValue, CoinMarketCap)

• Bitcoin: $106,095 (year-to-date +13.35%), daily spot trading volume $67.7 billion

• Ethereum: $3,604 (year-to-date +8.02%), daily spot trading volume $29.62 billion.

• Fear of Greed Index: 29 (Panic)

• Average GAS: BTC: 1 sat/vB, ETH: 0.1 Gwei

• Market share: BTC 59.2%, ETH 12.2%

• Upbit 24-hour trading volume rankings: XRP, ETH, BTC, 0G, FIL

• 24-hour BTC long/short ratio: 49.96%/50.04%

• Sector Performance: DeFi sector rose 8.99%, PayFi sector rose 8.45%.

• 24-hour liquidation data: A total of 118,364 people worldwide were liquidated, with a total liquidation amount of $344 million. This included $115 million in BTC liquidations, $91.77 million in ETH liquidations, and $7.66 million in GIGGLE liquidations.

3. ETF Flows (as of November 7)

• Bitcoin ETF: -$558 million

• Ethereum ETF: -$46,624,500

4. Today's Outlook

• Binance Alpha will launch JCT and ALLO airdrops on November 10th and 11th.

• Linea (LINEA) will unlock approximately 2.88 billion tokens at 7 PM on November 10th, representing 16.44% of the current circulating supply, with a value of approximately $34.4 million.

• Aptos (APT) will unlock approximately 11.31 million tokens at 2 PM on November 11th, representing 0.49% of the current circulating supply, with a value of approximately $33.4 million.

• Solayer (LAYER) will unlock approximately 27.02 million tokens at 10 PM on November 11th, representing 9.51% of the current circulating supply, with a value of approximately $6.6 million.

The top 100 cryptocurrencies by market capitalization with the largest gains today are: Starknet up 31.4%, World Liberty Financial up 29.2%, Aerodrome Finance up 18.1%, Pump.fun up 17.5%, and Zcash up 16.6%.

5. Hot News

• This Week's Preview | US October CPI Report May Be Absent; Ethereum Treasury Companies SharpLink and ETHZilla Release Q3 Earnings Reports

• Data: LINEA, APT, AVAX and other tokens will see large-scale unlocking, with LINEA unlocking value estimated at approximately $34.4 million.

• This Week's Macro Outlook: US CPI May Be Absent for the First Time, Gold Awaits New Catalyst

• Theoriq: AlphaVault is about to enter its second phase; THQ TGE is scheduled for December.

• This year, approximately 4.64 million bitcoins have been transferred out of dormant wallets, worth over $500 billion.

• Analysis: Five spot XRP ETFs have already been listed on the DTCC website and are expected to be officially launched this month.

• Re7 Labs releases report on the impact of xUSD de-pegging: Over $13 million in funds affected by Stable Labs, with no response yet received.

• Analysts: Whales who have held Bitcoin for over 7 years began cashing out in large quantities last November, and this trend has intensified this year.

• This week, NFT transaction volume fell 9.22% to $85.31 million, with both the number of buyers and sellers dropping by over 95%.

• Early Bitcoin investor Owen Gunden deposited 600 BTC into Kraken