J.P. Morgan: Predicts S&P 500 Index to Reach 7800 Points by the End of 2026

On November 17th, QCP Capital put up a post on social media, saying that Bitcoin has almost wiped out all its gains for the year. It has dropped by 27% from its high and closed below $100,000 for the first time since May. With the 50-week moving average being broken through, the market sentiment has rapidly turned bearish. All eyes are focused on the $92,000 support level and the $88,000 CME gap, waiting to see signs of a short-term rebound. The macroeconomic headwinds still remain strong. The U.S. government reopened this week, and the long-delayed data is about to be released. It is expected that the volatility will remain high. Bitcoin's implied volatility is above 50, indicating a clear tendency towards put options.

November 17th: According to CoinShares' latest weekly report, last week, digital asset exchange-traded products (ETPs) witnessed a record outflow of $2 billion. This was mainly driven by currency policy uncertainty and whale sell-offs in the crypto space. Among this total, the US accounted for 97% of the outflows ($1.97 billion), while Germany went against the global negative sentiment and had an inflow of $13.2 million. Bitcoin and Ethereum led the decline, with outflows of $1.38 billion and $689 million respectively. During this period, investors shifted towards multi-asset ETPs (with an inflow of $69 million) and increased their short positions on Bitcoin.

November 17th. According to the report of South China Morning Post, Ant Group International based in Singapore (a spin-off of Ant Group) is speeding up its global asset management business through a strategic partnership with the Swiss banking giant UBS Group AG. The aim is to explore blockchain-based tokenized deposit innovations. On Monday, the two companies announced that under a memorandum of understanding signed at UBS's Singapore office, Ant Group International will use UBS Digital Cash, a blockchain-based payment platform launched last year, for its global asset management operations to enhance efficiency, transparency, and security. The collaboration will also explore joint innovations in tokenized deposits, including an "interconnected solution" that will involve Ant's in-house blockchain-based Whale platform, which is its internal treasury management system.

On November 17th, the Singaporean exchange announced that it will commence Bitcoin and Ethereum perpetual futures trading on November 24th. Bitcoin and Ethereum perpetual futures will be accessible only to eligible institutional investors. (Golden Finance)

On November 17th, as monitored by The Data Nerd, 30 minutes prior to this, Amber Group deposited 1,392,000 UNI tokens (approximately $10,980,000) into Coinbase.