Poll: Trump's Approval Rating Holds Steady at 40%, Disapproval Rating Rises to 58%

On November 13th, JPMorgan Chase announced that the stock market might rebound by the end of the year. This is because hedge funds reduced their stock exposure to the lowest level in more than a year in October. Analyst Nikolaos Panigirtzoglou noted that this cautious attitude has created upside potential for the improvement of market sentiment. Retail investors continue to be a crucial market force. Although their surging trading activity during the pandemic has become stable, it still has an impact on the overall market fund flows.

On November 13th, based on CME's "FedWatch" data, the likelihood of the Fed cutting rates by 25 basis points in December is 53.9%, while the probability of rates remaining unchanged is 46.1%.

On November 13th, according to Coinmarketcap data, the Altcoin Season Index currently stands at 30 (yesterday it was 28). This index indicates that among the top 100 cryptocurrencies by market capitalization, approximately 30 projects have outperformed Bitcoin in the past 90 days. Note: The CMC Cryptocurrency Altseason Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. This index is based on the performance of the top 100 altcoins relative to Bitcoin in the past 90 days.

On November 13th, the cryptocurrency analyst Willy Woo stated that "the market does not adhere to the expansion of global M2 supply; rather, it is of a speculative nature. This implies that the market will anticipate and price in expected liquidity in advance. Risk assets usually lead M2. Consequently, at the global top, one will observe the S&P Index peaking ahead of time, and Bitcoin will also reach its peak earlier. This is because Bitcoin can serve as a liquidity perception mechanism." Moreover, M2 is a flawed metric. When evaluating the total fiat supply in the system by measuring in dollars, it is noted that only about 17% is actually in dollars, with the rest in foreign currencies. Thus, M2 actually reflects more the strength of the dollar. In fact, there is a more appropriate metric, which is the DXY (Dollar Index), and it is much more reliable when evaluating the correlation with Bitcoin."

On November 13th, Binance Wallet made an announcement that the airdrop of the Planck Network (PLANCK) token is currently postponed. Please stay tuned for further official announcements regarding the specific claim time.

On November 13th, as per Cointelegraph, Emory University has augmented its holdings in the Grayscale Bitcoin Trust to more than 1 million shares, which are valued at approximately $51.8 million. This information was disclosed in the quarterly 13F form submitted to the U.S. Securities and Exchange Commission on Wednesday. Since the second quarter, the university has doubled its holdings in the Bitcoin ETF by adding 487,636 shares with a value of around $25 million.