Prediction market sentiment is close to record | Delta 02 on Binance Square

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Prediction market sentiment is close to record highs.Foresight News reports that Kaito AI data shows market sentiment is almost as high as it was on election night.
#foresightnews 

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$BTC Will Peck, a top leader at WisdomTree, says that crypto index ETFs will bring the next big wave of people into the crypto market. He says these ETFs are good for beginners because they let people invest in many different cryptocurrencies at the same time, instead of choosing one coin and taking higher risk. According to him, most new investors understand Bitcoin, but they don’t know which other 20 or more coins are good. Crypto index ETFs solve this problem by giving safe and wide exposure to the whole crypto sector. This year, companies like 21Shares and Hashdex have already launched new index ETFs, especially after the SEC changed some rules. Peck believes that many more ETFs will come soon. But he also thinks that if too many are launched, the idea that “an ETF means a project is trusted” may become weaker.

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$BTC U.S. Retail Investors Face ‘Black Tuesday’ as Stocks and Crypto Crash Main Points: All big U.S. stock markets fell badly on Tuesday. The Nasdaq dropped 2%. Goldman Sachs’ index (which follows small retail investors) fell 3.6%, the biggest one-day fall since April. The crypto market lost over $1.3 billion as Bitcoin went below $100,000 and Ethereum fell more than 10%. Weak results from Palantir and negative bets by investor Michael Burry made people more scared. Stocks Fall as Fear Grows According to reports, U.S. retail (small) investors faced a big loss day called “Black Tuesday.” The Nasdaq dropped more than 2%, and Goldman Sachs’ retail index fell 3.6%. Even though losses were high, data from JPMorgan showed that retail investors still bought $560 million worth of stocks and ETFs. Experts say the fall happened because of bad earnings from Palantir, more short selling, and high volatility in the crypto market. Palantir and Michael Burry Cause Panic Palantir’s stock (PLTR) fell almost 8% after its report showed slow growth and overvalued shares linked to AI spending. Meanwhile, famous investor Michael Burry (known for predicting the 2008 crash) made new bets against U.S. stocks. This scared many small investors and caused more selling. Crypto Market Crash – $1.3 Billion Lost The crash spread to cryptocurrencies. Bitcoin dropped below $100,000, and Ethereum fell more than 10% in one day. Over 342,000 traders lost their positions (liquidated) within 24 hours, causing $1.3 billion in total losses. Because there were fewer buyers and high leverage, prices dropped very fast. What’s Next for the Market? Experts say both the stock and crypto markets may stay unstable for a while. Investors are waiting for the new U.S. economic data and Federal Reserve updates. Some analysts believe this crash might help the market clean up and become stable again later in November. #BTC

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The government of Bhutan moved 355.51 Bitcoin (worth about $387.8 million) to a new wallet. The transfer was tracked by Onchain Lens and shows that Bhutan is actively managing its cryptocurrency holdings. #Crypto

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$ETH Whale Alert reported that the USDC Treasury burned (destroyed) 55 million USDC tokens on the Ethereum blockchain. Burning tokens is a normal step in cryptocurrency, used to control the number of coins in circulation. This move can affect the market and how investors feel about USDC. It also shows how digital money systems keep changing and adjusting. #BinanceNews

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Altcoin Season Index Falls to 62 According to BlockBeats, the Altcoin Season Index has dropped to 62, down from its recent high of 78 on September 20. This number shows that in the last 90 days, about 62 out of the top 100 cryptocurrencies made better gains than Bitcoin. The Altcoin Season Index, shared by CoinMarketCap, is a tool that helps people see if altcoins (cryptos other than Bitcoin) are leading the market. It compares how well the top 100 altcoins have performed compared to Bitcoin over the past 90 days. #CryptoNews

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