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The Federal Reserve announced a 25 basis point rate cut and halted quantitative tightening (QT), but the market experienced short-term panic due to Powell's hawkish comments regarding uncertainty over a rate cut in December. Bitcoin and Ethereum prices declined. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still in the process of iterative improvement.
Bitcoin (BTC) traders are watching mid-November closely as multiple signals point to a potential local bottom near $100,000. The 50-day moving average is expected to cross below the 200-day SMA, forming a “death cross” that historically marks exhaustion, not major downturns.
Bitcoin is showing clear signs of weakness, and market confidence is being put to the test.
Solana’s stalled rally and plunging inflows point to fading investor confidence, with the altcoin now battling to defend $183 support after multiple failed breakout attempts.
In a new report, FTX founder Sam Bankman-Fried claims his exchange was solvent and blames its collapse on lawyers—not fraud—sparking backlash from investigators who accuse him of rewriting history.
Bitcoin's recent drop was a "textbook shakeout of weak hands," analysts say, noting long-term conviction is intact. Unrealized losses remain minor, suggesting the bull cycle structure holds.
- 07:17Data: Bottom-fishing whale 7 Siblings increased holdings by 2,211 ETH at an average price of $3,166According to ChainCatcher, Onchain Lens monitoring shows that the bottom-fishing whale “7 Siblings” recently invested 7 million USDS to purchase 2,211 ETH at an average price of $3,166. Since then, this whale has accumulated a total of 44,008 ETH, with a total value of approximately $152.99 million and an average purchase cost of about $3,477.
- 07:05Whale "7 Siblings" continues to buy during ETH decline, investing $7 million in a single dayJinse Finance reported, according to Onchain Lens monitoring, that the whale "7 Siblings" continued to buy ETH during the recent price drop of Ethereum. This whale used 7 million USDS to purchase 2,211 ETH at a price of $3,166. Since November 4, "7 Siblings" has accumulated a total purchase of 44,008 ETH, with a total investment of 152.99 million USD and an average purchase price of $3,477.
- 07:05Analysis: $3,150 is an important support level for EthereumAccording to Jinse Finance, analysis by @ali_charts indicates that 2.53 million Ethereum were traded at the price of $3,150, making this a key support area.