Bithumb will list Meteora (MET) spot trading

November 18th. Wintermute issued a report indicating that in the past week, the market mainly digested the significant adjustment in the expectations of a December rate cut. The rate cut probability plummeted from 70% to 42% within a week. During this period, the vacuum of macro data amplified the volatility. Powell's ambiguous stance on a December rate cut forced the market to reevaluate the divergences among FOMC members, revealing that a consensus on a rate cut has not yet formed. Risk assets weakened accordingly, and the cryptocurrency market, as a sentiment barometer, was hit the hardest. In terms of cross-asset performance, digital assets continued to lag behind. This weakness is not a new phenomenon. Since early summer, cryptocurrencies have consistently underperformed the stock market, partly due to their negative deviation relative to the stock market. What is unusual is that in this round of decline, BTC and ETH actually underperformed the overall altcoin market. This can be

On November 18th, the on-chain data analyst Murphy announced on social media that the 7-day moving average of Bitcoin's Profitable Supply in Percentage (PSIP) has dropped below 70%. This indicates that after this round of decline, nearly 30% of the entire chain's chips are currently at a loss. If we exclude Bitcoin that has not been in motion for a long time, lost coins, and similar addresses like Satoshi's, this percentage is expected to reach over 40%. Murphy further pointed out that in the first round of decline from the bull market to the bear market over the past 10 years, PSIP has always reached its current position. Subsequently, there has been a rebound after extreme emotional pressure, as seen in 2018 and 2020. Especially in 2020, it was further aggravated by the March 519 Black Swan event. However, even if a rebound occurs, it may not be able to resume an upward trend because there are too many chips in the market waiting to exit during the rebound.

On November 18th, according to HTX market data, Bitcoin has shown a rebound and surged beyond $91,000. It is now trading at $91,082.

On November 18th, as per the monitoring of Onchain Lens, the Mt. Gox address made another deposit of 185.52 BTC to Kraken 7 minutes ago. The value of this deposit is $16.8 million.

According to official sources, DGRAM was launched on Binance Alpha on November 18th, with a reported market capitalization of $21.64 million.