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Crypto analyst Murphy stated that after the significant drop in Bitcoin yesterday, the high-positioned chips of short-term holders only slightly loosened. Data shows that in the range of $73,000 to $86,000, there are approximately 1.48 million Bitcoins, accounting for 68% of the total short-term holders, currently all in a state of unrealized loss. However, the net decrease of chips in this range yesterday was only 34,000 coins, accounting for about 2.3%, indicating that most short-term holders did not panic sell due to the drop.Specifically, the cost ranges of $75,000, $80,000, and $85,000 saw decreases of 7,282 coins, 8,481 coins, and 5,441 coins respectively, with selling pressure relatively dispersed. At the same time, the total number of short-term holders increased by 17,500 coins that day, meaning some long-term holders were also distributing chips during the decline. The chip absorption was mainly concentrated at $68,000, with approximately 42,200 new Bitcoins added in that price range alone.In terms of profitable chips, the range of $62,000 to $64,000 holds about 480,000 Bitcoins, making it the only large-scale profitable chip range among short-term holders currently, with only about 3,100 coins reduced yesterday, less than 1%. Murphy believes this range is the nearest chip support below; if Bitcoin falls into it, the profitable chips of short-term holders will essentially drop to zero, and market sentiment pressure may further increase. Conversely, if the upper trapped positions remain stable, there may still be opportunities for prices to regain support.

The Federal Reserve report pointed out that vulnerabilities related to financial leverage remain significant, with hedge fund leverage reaching its highest level since 2013.

According to The Block, the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission have filed a lawsuit against Arkansas Attorney General Tim Griffin, concerning his state-level enforcement action against the prediction market platform Kalshi. The lawsuit was submitted on Thursday, seeking to prevent future state-level actions against prediction markets regulated by the CFTC.

On-chain data analysis platform CryptoQuant analyst Darkfost stated that as Bitcoin falls below several key price levels, market panic is spreading, whereas just a few weeks ago, investors were generally in a profitable state.He pointed out that according to the long-term valuation model he follows, Bitcoin has currently entered an extremely undervalued range, having historically spent only about 3.4% of the time at similar levels. Darkfost believes that such phases of market panic should not be overly concerning, as they often provide good positioning opportunities for long-term investors, but this indicator does not mean that Bitcoin has necessarily bottomed out or will rebound in the short term.

According to Bloomingbit, the U.S. Treasury is promoting a plan to impose counterparty due diligence requirements on stablecoin issuers that are equivalent to those for banks.The core of the proposal is to require stablecoin issuers to bear the same counterparty due diligence obligations as U.S. banks, tightening the verification standards for stablecoin issuers. Specific details, including the implementation timeline and the scope of entities and activities covered, have not yet been disclosed.

Injective announced on the X platform that the Injective Veyra mainnet upgrade is now open for voting. This is the last major upgrade for Injective in 2026, which will introduce institutional-grade RWA infrastructure, expand enterprise gateways, and lay the foundation for native privacy through CypherOS.

The founder of Liebit Mining Pool, Jiang Zhuoer, posted on the X platform stating that BTC has fallen below the Fibonacci 50% retracement level of the previous upward trend ($72,600). The next level to watch is the 61.8% retracement level ($69,100), and it is necessary to observe whether BTC can rebound before falling to $70,000.In addition, he mentioned plans to look for opportunities to close the hedge short position established around $73,000 in BTC.

Multiple storage industry insiders have revealed that some leading companies have verbally informed channel partners of their intention to raise prices for enterprise-grade chips. The official price increase notice has not yet been formally issued, but prices on the channel side have already begun to move, with several agents confirming the aforementioned price increase signals. One agent from SK Hynix stated that prices are increasing daily and observed that the second-hand recovery prices are continuously rising, driving overall quotes upward; the price adjustment path involves provincial agents adjusting prices weekly, with the prices of agency products being passed down further.One agent from Samsung indicated that this round of price increases is not a universal rise across all categories, but is mainly concentrated on the DRAM contract side and enterprise-grade SSDs at both the manufacturer and channel levels, rather than a comprehensive increase in consumer-grade NAND. This agent noted that the major demand still comes from data centers, while feedback from the grassroots level indicates that demand is generally average. Since the price increases are initially focused on the DRAM contract side and enterprise-grade SSD segment, when prices are transmitted from manufacturers outward, they first reach manufacturing companies and module manufacturers, rather than end consumers.

According to a report by the Science and Technology Innovation Board Daily, there is a significant price disparity in the embodied intelligence data collection industry. For the same 1-hour period, the listed price for high-quality real machine data can reach 300 to 1000 yuan, while the hourly wage for end collection workers is as low as 8 yuan, with some original data transactions even dropping to 3 to 5 yuan per hour.The investigation found that the price difference mainly stems from multi-level subcontracting and the resale of data copies. A hundred-yuan order from the client, after being passed through five or six intermediaries, leaves the grassroots collectors with only about 15 yuan. The baseline remuneration for county-level projects is around 30 yuan/hour; falling below this standard poses compliance or source risks. Additionally, the resale of non-original data three to five times is "very common" in the industry, with some teams monetizing the same material through private copies or additional equipment for simultaneous recording.The report points out that while the industry loudly claims that high-quality data is scarce, data collection service providers are valued at tens of billions; on the other hand, low-priced copies are rampant, and data traceability has failed. Some intermediaries gain pricing power through order control, with domestic data producers averaging a gross profit of about 20% to 30%.

The on-chain data analysis platform CryptoQuant stated that the contraction rate of USDT supply has exceeded the level after the FTX collapse. In the past 60 days, the market value of USDT has shrunk by 6.6 billion dollars, more than double the decline during the same period in December 2022.CryptoQuant also pointed out that in this round of the cryptocurrency market cycle, the growth of stablecoin scale has been an important source of funds driving the market upward, and now this liquidity support is gradually weakening.

Today, the metal derivatives market continues to be active, with gold and silver showing a high-level consolidation and repair trend after a strong rally earlier. According to CoinGlass data, the current price of gold (XAU) perpetual contracts is $4,128.8, with a slight decrease of 0.16% over the past 24 hours; the current price of silver (XAG) contracts is $53.26, with a slight decrease of 0.34% over the past 24 hours.Among them, the XAU contracts on the Gate platform had a 24-hour trading volume of $453 million, with a net inflow of $15.08 million, ranking second among global centralized exchanges; the XAG contracts had a 24-hour trading volume of $268.16 million, with a net inflow of $11.24 million, both ranking second across the entire network.

On-chain data analysis platform Glassnode stated on platform X that the trading volume of altcoins has returned to normal levels. Throughout September, the total trading volume of altcoins had risen to four times that of Bitcoin, marking a period of active altcoin trading.Glassnode pointed out that this speculative altcoin activity often coincides with local market tops, when Bitcoin peaked around 87,000 USD.

The October Consumer Expectations Survey by the New York Federal Reserve shows that U.S. consumers' inflation expectations for one year, three years, and five years remain at 3.9%, 3.3%, and 3%, respectively. The average expected probability of an increase in the unemployment rate over the next year has risen to 45.3%, the highest since April 2020. The expected growth in household income has decreased to 3%, and the expected growth in consumer spending has decreased to 5.3%.

According to Caixin, Chen Zhongyue, Chairman of China Mobile, stated on November 6 at the 2026 Mobile Network Conference that the largest incremental investment for China Mobile in 2026 will be in computing power. This year, three gigawatt-level computing parks will be newly constructed, expected to deliver 1.5 gigawatts of capacity, and next year, two more will be built, bringing the total to seven gigawatt-level data parks.Chen Zhongyue mentioned that China Mobile has established multiple ten-thousand-card intelligent computing clusters, and in the next two years, computing capacity will double continuously; by 2027, the total procurement amount is planned to be increased to over 500 billion yuan, with more than 100 billion yuan invested in computing power. In addition, China Mobile has currently set up six data centers overseas.

Crypto analyst Ali Charts posted that the Bitcoin 3-day K-line chart shows it has been oscillating within a range of $87,000 to $60,000 over the past year, with $73,000 being the midpoint of this range. If it breaks below this key level, the lower boundary of the channel around $60,000 will become an area of concern.In contrast, Ethereum seems to have already fallen out of the right corner expansion pattern on the daily chart. With the loss of the support level at $2,385, if selling pressure continues, this pattern points towards a potential drop to $1,963.

Binance founder CZ retweeted a warning about a critical vulnerability in Microsoft Paint, stating: "The application cannot protect you from operating system vulnerabilities, please update your operating system immediately."It is reported that Microsoft has disclosed a Windows Paint vulnerability numbered CVE-2026-83844, with a CVSS score of 8.1, affecting versions of Microsoft Paint below 11.2605.91. The vulnerability stems from an out-of-bounds read issue, which could allow an unauthenticated attacker to remotely execute malicious code without user interaction. Microsoft has released a security patch, and there have been no confirmed reports of the vulnerability being actively exploited. CZ uses this to remind users that application layer security measures cannot replace the security updates of the operating system itself, and system and software patches should be installed promptly.

BNB Chain announced that BEP-706 has been incorporated into the Jenner hard fork upgrade, which will provide millisecond-level block timestamps to smart contracts through the deployment of a new precompiled contract at address 0x70. Previously, contracts could only read time accurate to the second via block.timestamp, and even if multiple blocks were generated within the same second, their time differences could not be distinguished.After the upgrade, developers can read timestamps in milliseconds through the new interface, while the return value of the existing block.timestamp and the second-level timing logic remain unchanged. This feature can be used in scenarios that require sub-second precision, such as quote settlements with a validity period of only a few hundred milliseconds, auction deadlines, and price oracle data update timeliness checks. The computation cost of the new precompiled contract is 20 Gas, and the call will also incur corresponding call and memory costs. BNB Chain reminds developers to pay attention to the consistency of units between seconds and milliseconds, and to check whether the call is successful and whether it returns the expected 32-byte data during integration.

Federal Reserve's Williams stated that the U.S. labor market is exceptionally stable and robust, with remarkable economic resilience and enhanced growth. Currently, inflation levels in the U.S. are too high and have persisted for too long, and the inflation rate must be reduced to 2%.Energy prices affect ticket prices, and artificial intelligence has a limited impact on chip prices. The effects of tariffs have largely become a thing of the past.

Uniswap posted on platform X that the Permissioned Pools Hook is a new standard that introduces permitted assets into automated market makers (AMM) and performs compliance checks at the protocol level.