Crypto News Roundup, November 19th
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First, let's look at the macro picture:
- Analysts point out that the Federal Reserve was forced to formulate policies due to the US government shutdown and lack of data, leading to unstable market expectations for interest rate cuts, thus exacerbating downward pressure on Bitcoin.
- The US SEC removed the dedicated section on crypto from its key 2026 fiscal year document, which is seen as consistent with the Trump administration's crypto-friendly policies.
- Sentora states that long-term Bitcoin holders have not yet clearly bought the dip in this round, and the institutional funding structure has changed the traditional cyclical rhythm, making market declines more susceptible to the risk framework of professional capital.
Now let's look at market highlights:
- Yesterday, Bitcoin spot ETFs saw net outflows of $255 million, and Ethereum spot ETFs saw net outflows of $183 million. The market's fear and greed index is 15, indicating extreme fear.
- The founder of Gemini stated that this may be the last opportunity to buy Bitcoin below $90,000.
- The LIBRA team used 17 million USDC to buy 120,000 SOL at an average price of $133.
- On-chain data shows that a whale who had been holding 20,000 BTC at an average price of approximately $10,000 just deposited 250 BTC into Binance.
- Yi Lihua suggests placing ETH spot orders in the $3,000-$3,300 range, and cautions against non-professionals participating in contract trading due to the complex current macroeconomic environment.
Finally, let's look at industry dynamics:
- The CEO of Hashed stated that the current bear market is different from previous ones, and there is no "risk of disappearing" for the industry. Institutional adoption, improved regulation, and the growth of stablecoins are driving an irreversible improvement in fundamentals.
I'm Mark, this is "Crypto Morning News," see you tomorrow!
