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No results1Bitget Daily Digest (Nov 21) | U.S. September Nonfarm Payrolls Unexpectedly Increase by 119,000; BTC Falls Below $86,000, Crypto Market Sees $834M in Liquidations; OpenAI Launches ChatGPT Group Chat Feature Globally2Bitcoin slump to $86K brings BTC closer to ‘max pain’ but great ‘discount’ zone3Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut
Flash
- 06:58Data: Bitcoin spot ETF saw a total net outflow of $903 million yesterday, the second highest in history.ChainCatcher News, according to SoSoValue data, the total net outflow of Bitcoin spot ETFs yesterday (Eastern Time, November 20) was $903 million. The Bitcoin spot ETF with the largest single-day net outflow yesterday was Blackrock ETF IBIT, with a single-day net outflow of $355 million. Currently, IBIT's historical total net inflow has reached $62.826 billion.The second largest was Grayscale ETF GBTC, with a single-day net outflow of $199 million. Currently, GBTC's historical total net outflow has reached $25.095 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $113.02 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) reaching 6.55%. The historical cumulative net inflow has reached $57.397 billion.
- 06:58CryptoQuant CEO: No need to fear holding spot; selling or shorting at this time is extremely unwiseChainCatcher News, CryptoQuant founder and CEO Ki Young Ju analyzed on the X platform: If you only hold bitcoin spot without trading futures, the current bitcoin price seems to be a suitable range for accumulation. From the perspective of on-chain cycles, the bull market cycle may have ended earlier this year when bitcoin reached around $100,000. According to classic cycle theory, the realized market price should fall back to around $56,000. However, the macroeconomic situation indicates that global liquidity injections have begun, and market sentiment could rebound at any time. Selling or shorting at this point would be extremely unwise. Ki Young Ju added that he could also be wrong in his judgment. He no longer uses leverage, so he is not very good at timing entries, but he still remains confident in the long-term trend.
- 06:54Japan approves 21 trillion yen economic stimulus package, with inflation relief accounting for more than halfChainCatcher News, the Japanese Prime Minister Sanae Takaichi's cabinet has approved the largest additional spending plan since the pandemic, allocating funds through a comprehensive package to ease voter dissatisfaction. However, this move may unsettle investors who closely monitor Japan's fiscal situation, as it has already caused the yen to fall to a 10-month low and super-long-term government bond yields to soar to historic highs. The Japanese Cabinet Office stated on Friday that the stimulus plan includes 17.7 trillion yen (approximately $112.0 billion) in general account spending. This expenditure will likely be provided through a supplementary budget, marking a 27% increase compared to the scale introduced by its predecessor a year ago. The overall package amounts to 21.3 trillion yen, with measures ranging from price relief to support for investment in key sectors. The Japanese cabinet plans to approve the supplementary budget to fund this package as early as November 28, and aims to secure parliamentary approval by the end of the year.