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After the FOMC meeting, bitcoin entered a correction phase. Long-term holders realized profits on 3.4 million BTC, and the slowdown in ETF inflows has made the market more vulnerable. Both spot and futures markets are under pressure, and the cost basis for short-term holders at $111,000 is a key support level. Summary generated by Mars AI. The accuracy and completeness of this summary are still under iterative improvement.
Goldman Sachs trader Paolo Schiavone warns that the bitcoin flash crash is a signal of a market shift and that the frenzy in risk assets may cool down. He believes that after a short-term correction, the market will move towards a "melt-up" scenario. While technical indicators show warning signals, fundamentals still support buying. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
- 13:52Data: Stablecoin circulating market cap returns to $305 billions, with a cumulative increase of 0.8% recentlyAccording to ChainCatcher, citing DefiLlama data, the total market capitalization of stablecoins reversed its downward trend over the past week, with the circulating market cap now at $305.578 billions, an increase of 0.8%. USDC was the main source of this growth, with its circulating market cap increasing by 3.31% over the past week.
- 13:39S&P 500 index futures rise 0.2%Jinse Finance reported that S&P 500 and Nasdaq 100 index futures have resumed trading after an interruption. S&P 500 index futures rose by 0.2%, and Nasdaq 100 index futures increased by 0.3%.
- 13:39The U.S. stock market is expected to face opening volatility due to a CME system outage.On November 28, according to Jinse Finance, Saul Knapps from Scope Markets stated that due to a system outage at CME Group, US stock traders are preparing for volatile market conditions when the US market reopens after the Thanksgiving holiday. He noted that the accumulation of unfilled orders caused by the freeze in futures trading, including S&P 500 and Nasdaq 100 futures, will result in a surge of orders once trading resumes. Because futures trading was forced to pause, "the market temporarily lost a key tool for determining where prices should be," Knapp said. Before the system outage, US stock index futures were rising, with Nasdaq futures frozen at a 0.2% gain, and Dow Jones Industrial Average and S&P 500 futures both up 0.1%.