Bitcoin Surpasses $103,000

On November 14th, according to Coinglass data, in the event that Bitcoin drops below $100,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $922 million. Conversely, if Bitcoin exceeds $102,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $295 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain position. Higher "liquidation bars" indicate that once the price is reached, it will experience a more intense reaction due to a liquidity cascade.

On November 14th, Musk responded on social media to the news that xAI had raised $15 billion in Series E funding and stated, "That's not true."

Update: On November 14th, the market lessened its wager on a December rate cut by the Fed. Based on CME's "FedWatch" data, the likelihood of a December rate cut has dropped to 47.4%.

On November 14, the Solana Treasury Company Upexi, which is listed on Nasdaq, announced that its board of directors has given the green light to a share repurchase plan. Under this plan, $50 million of outstanding common stock will be repurchased. The timing, method, price, and amount of the repurchase will be decided by the management at their discretion, taking into account factors such as the stock price, market conditions, and available liquidity.

On November 14th, according to HTX market data, Bitcoin dropped below $101,000, experiencing a 24-hour decline of 0.85%.

On November 14th, Stable tweeted, "In the Stable network, USDT functions as the native Gas token. It is employed to guarantee that transaction fees remain foreseeable under any network circumstance. This leads to the elimination of volatility in the payment process. This design decision establishes the foundation for reliable settlement and daily payments. The mainnet will be launched soon."