Bitget Daily Morning Report: Initial jobless claims for the week of November 22 reached 216,000; Nasdaq ISE proposes raising the IBIT options position limit to 1 million contracts
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Bitget Daily Morning Report: Initial jobless claims for the week of November 22 reached 216,000; Nasdaq ISE proposes raising the IBIT options position limit to 1 million contracts
S&P Global downgrades USDT's stability rating to the lowest tier, warning of Bitcoin exposure risks.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. SpaceX has transferred 1,163 BTC to a new address, worth approximately $105 million.
2. BlackRock’s SIO fund has increased its holdings in IBIT to 2.39 million shares, a quarterly rise of about 14%.
3. Vitalik donated 128 ETH each to Session and SimpleX to support private communication.
Macro & Hotspots
1. U.S. initial jobless claims for the week ending November 22 came in at 216,000, the lowest since the week of April 12, 2025.
2. JPMorgan economists reversed their forecast, now expecting the Federal Reserve to begin rate cuts in December, reversing their previous stance from a week earlier that policymakers would delay cuts until January next year.
3. Federal Reserve Beige Book: Economic activity remained largely unchanged in recent weeks, with increasing consumer polarization.
4. Jinshi: On November 26 local time, the Office of the U.S. Trade Representative announced that the U.S. will extend certain China tariff exemptions until November 10, 2026, including tariffs established under Section 301 investigations related to Chinese technology transfer and intellectual property issues. The existing exemptions were originally set to expire on November 29 this year.
5. K33 Research Head: Bitcoin sell-off is nearing its end; current conditions present a good opportunity for positioning.
Market Trends
1. Over the past 24 hours, total liquidations in the cryptocurrency derivatives market reached $276 million, with $197 million from short positions. BTC liquidation totaled $90 million, ETH $46 million, and HYPE $33 million.
2. U.S. stocks: Dow Jones rose 0.67%, S&P 500 rose 0.69%, Nasdaq Composite rose 0.82%.
3. Bitget BTC/USDT liquidation map shows: Dense clusters of 50–100x leveraged long positions are concentrated below BTC’s current price of $90,895 (approximately $85,000–$89,000); downward volatility could trigger cascading long liquidations. Short liquidation zones begin accumulating above $91,200; a breakout upward would pressure shorts with forced unwinding.
4. In the past 24 hours, BTC spot inflows amounted to $278 million, outflows $209 million, resulting in net inflows of $69 million.
News Updates
1. DWF Labs launches a $75 million DeFi investment fund.
2. Vitalik proposes increasing gas costs for inefficient operations to address network scalability.
3. Analyst @ai_9684xtpa: An ancient ETH whale who interacted with the Ethereum Foundation ten years ago is accumulating. Yesterday, he bought 7,318.56 ETH on-chain at an average price of $3,016.09, valued at $22.07 million.
Project Developments
1. The Block: CryptoQuant noted that after Bitcoin prices fell below $80,000 last week, large holders significantly increased Bitcoin transfers to exchanges.
2. SpaceComputer raises $10 million in seed funding to enable secure blockchain computing from space.
3. Securitize receives EU approval to operate a tokenized trading and settlement system, selecting the Avalanche blockchain.
4. The Block: Modular blockchain platform Avail has launched the mainnet of its cross-chain execution layer Nexus, supporting ecosystems including Ethereum, BNB Chain, and Base.
5. Nasdaq ISE proposes raising the IBIT options position limit to one million contracts.
6. Vitalik responds to "planned economy" concerns: Gas usage remains market-determined.
7. Upexi plans to raise $23 million through a private placement to strengthen its SOL treasury strategy.
8. Bitwise launches Bitwise Dogecoin ETF on NYSE, ticker symbol "BWOW".
9. CleanSpark: Fiscal year 2025 revenue doubled to $766 million, with net profit reaching $365 million.
10. S&P Global downgrades USDT’s stability rating to the lowest tier, warning of Bitcoin exposure risks.
Disclaimer: This report is generated by AI; human input was limited to information verification. It does not constitute any investment advice.
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