On Friday, the price of Bitcoin remained stable around $90,000, supported by short positions covering and dip buying. Market maker Flowdesk stated that these factors helped alleviate recent dumping pressure, leading to a more stable market performance. Meanwhile, traders are generally betting that the Fed may cut rates in December, a sentiment that is impacting multiple asset classes, including Crypto Assets.
Ethereum is slightly above 3000 dollars, showing some return of buy orders. However, compared to Bitcoin, Ethereum has endured greater selling pressure in the past month. Prediction platform Polymarket shows that traders believe the probability of Bitcoin maintaining a weekly high of 92,000 dollars by the end of November is 74%, while the probability of breaking above 96,000 dollars is in the single digits. The continuous outflow of ETFs still poses resistance to price increases, and traders expect that once Bitcoin rebounds to around 95,000 dollars, the supply pressure may increase again.
In the stock market, although futures rose slightly on Friday, major U.S. stock indices are expected to record a decline this month. The Dow Jones Industrial Average and the S&P 500 both saw slight pullbacks in November, while the Nasdaq fell by 2%, which may end a seven-month streak of gains. The pullback of large tech stocks has become the main reason for the market pressure this month, as investors reassess whether AI-related companies can meet profit expectations in the short term.
On Friday morning, the Chicago Mercantile Exchange experienced a brief suspension due to a data center failure, affecting futures and options trading for commodities such as crude oil and gasoline. The market was closed on Thursday for Thanksgiving, and on Friday, it will close early, resulting in lower overall trading volume.
Looking ahead, Wall Street institutions have begun to release their market forecasts for 2026. Deutsche Bank expects the S&P 500 to reach 8000 points by the end of next year; HSBC and JPMorgan's target is around 7500 points. Gold is oscillating in the range of 4150 to 4170 USD, and analysts point out that its upward trend remains solid, benefiting from falling interest rates, a weaker dollar, and geopolitical risks.
On a macro level, inflation remains high, the labor market is weakening, and the credit risk of AI tech stocks is increasing, making the market outlook more complex. In terms of Bitcoin, the key support remains in the range of $80,000 to $82,000, with the trend continuing to be linked to the macro economy rather than driven by a single industry factor.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Giant whale “first set 10 big goals” keeps adding to BTC and ETH short positions, with a position size of up to $270 million
Gate News announcement, April 10, the whale “sets 10 big targets first” (social media account @Jason60704294) has updated its latest positions. Currently, total unrealized profit is $644k. The specific holdings include: BTC short positions of 2567.49 units, entry price $71,554.61, unrealized loss of $644k; ETH short positions of 38,465.22 units, entry price $2,248.74, unrealized profit of $1.37M.
GateNews45m ago
Bitcoin sees over 27k options contracts expire! Analyst: Bear market characteristics continue to dominate
According to Greeks.live data, April 10 saw BTC and ETH options expire. For BTC options, the number of contracts was 27,000, the Put/Call Ratio was 0.71, and the maximum pain point was $69,000. For ETH, it was 151,000 contracts, and the Put/Call Ratio was 0.77. The analysis indicates that market characteristics are skewed bearish, and falling implied volatility suggests the market expects less short-term volatility. Despite the recent rebound, internal momentum in the market has not formed, and no clear sentiment shift has been observed.
MarketWhisper47m ago
Today, BTC and ETH options with a nominal value of $2.27 billion expire, and the IV index drops sharply
On April 10, 27k BTC options and 151k ETH options expired, with Put Call Ratios of 0.71 and 0.77, respectively. Bitcoin broke above $72,000 on news of a U.S.-Iran ceasefire, but the overall market is still in a correction phase, and implied volatility has fallen significantly.
GateNews59m ago
Bitcoin Gets First Working Prototype of Quantum-Resistant Wallet Rescue Tool
Olaoluwa Osuntokun of Lightning Labs has revealed a prototype for a Bitcoin wallet rescue mechanism to aid wallets at risk due to future quantum upgrades. The tool leverages zk-STARK proofs and aims to provide a fallback for BIP-86 wallets, allowing them to transition to a post-quantum environment without exposing sensitive seed information.
CryptoNewsFlash1h ago
A giant whale deploys a $53.0 million position of going long 多BTC空HYPE and shorting HYPE; as HYPE rises today, it results in a daily loss of $9.0 million.
A giant whale recently deployed large-scale hedging positions on-chain, including $30.4 million in BTC long positions and $23.2 million in HYPE short positions, for a total size of about $53 million. As HYPE rises, this portfolio faces losses, with a net loss of roughly $300k. Previously, this address profited $37.1 million across a variety of altcoins using a similar strategy.
GateNews1h ago
Bitcoin community gospel! The first quantum-resistant Bitcoin trading solution that requires no soft fork, QSB, is here
StarkWare’s Avihu Levy publicly unveils a post-quantum bitcoin trading scheme, “Quantum Safe Bitcoin (QSB),” which can fend off quantum attacks without modifying the Bitcoin protocol. QSB addresses the quantum-safety problem using a hash function; it runs within the existing framework, and each transaction requires roughly $75 to $150 in computational fees. The scheme has not yet been integrated into consumer wallets, so users should avoid reusing addresses and monitor the wallet development progress.
ChainNewsAbmedia2h ago
