Hong Hao: Bitcoin May Fall to the $70,000 Range to Find Strong Support

On November 18th, as per the monitoring of LookOnChain, the LIBRA token team has just withdrawn 3.94 million USDC from the liquidity pool and utilized 17 million USDC to purchase 127,774 SOL at a price of $133 per token.

On November 18th, Binance will make adjustments to the minimum price movement unit of multiple U-based perpetual contracts at 15:00 on November 20th, 2025 (Beijing Time). These contracts include BASUSDT, SENTUSDT, COAIUSDT, BOMEUSDT, BOMEUSDC, and SHELLUSDT.

On November 18th, as monitored by Farside Investors, yesterday the US Bitcoin spot ETF experienced a net outflow of $220.1 million, indicating the fourth consecutive day of net outflows. Yesterday, the BlackRock IBIT witnessed a net outflow of $145.6 million, and ARKB saw a net outflow of $29.7 million.

November 18th: The Federal Reserve Governor Christopher Waller publicly expressed his support for another 25 basis point rate cut during the December meeting. The reasoning centers around the continuous weakness in the labor market and concerns regarding the pressure on mid- to low-tier consumers. Waller referred to this as a "risk management rate cut," believing that in a situation where official data is limited, it is better to provide insurance in advance to prevent a rapid deterioration in employment. Meanwhile, the hawkish voices within the Federal Reserve have not weakened, and a divided vote count creates uncertainty for the next decision. Whether to maintain the interest rate or cut it again could lead to at least three dissenting votes. Policy expectations are no longer unidirectional, and the market needs to hedge between "the possibility of a rate cut" and "an increasing policy divergence." In this policy haze, the crypto market has shown significant pressure. The fear inde

On November 18th, according to the monitoring of Farside Investors, yesterday in the US, the Ethereum spot ETF witnessed a net outflow of $182.7 million, indicating 5 consecutive days of net outflows. Yesterday, the Bitwise ETHA experienced a net outflow of $193 million, while Grayscale ETH had a net inflow of $10.8 million.

On November 18th, according to Arkham Data, it was reported that 6 minutes ago, the Mt. Gox cold wallet address in Mentougou transferred 10,608 BTC to an address starting with "1ANkDML", with a value of 9.5366 billion US dollars.