If Bitcoin surpasses $108,000, the mainstream CEX cumulative short liquidation strength will reach 5.76 billion.

On November 4th, the US Treasury Department issued its borrowing estimate for the fourth quarter. It is expected to borrow $569 billion in the fourth quarter, which is $21 billion less than the estimate in July. This mainly results from a higher cash balance at the beginning of the quarter. However, this increase was partially offset by the expected lower net cash flows. Excluding the higher-than-expected cash balance at the beginning of the quarter, the borrowing estimate for the quarter is $20 billion higher than the data announced in July. Assuming a cash balance of $850 billion at the end of March next year, the Treasury Department anticipates borrowing $578 billion in the January to March quarter of 2026 through the private placement of net marketable debt securities. (Jinshi)

On Monday, November 4th, Federal Reserve Governor Cook stated that she considers there to be a possibility of a rate cut during the December Federal Reserve meeting. Nevertheless, the decision at that time will be based on information from various channels between now and then, particularly given the situation where the government shutdown has led to delays in the release of official data. Cook said, "Currently, risks are increasing on both sides of the dual mandate. Maintaining interest rates at an overly high level could increase the likelihood of a significant deterioration in the labor market. Conversely, a too large rate cut could result in the anchoring of inflation expectations." She further added, "It is quite a challenging task to provide an economic outlook speech at this moment." She mentioned that since the government shutdown on October 1st, the latest official data on employment, inflation, and economic growth have been unavailable. However, she emphasized that "We are

On November 4th, Daniel Li, the founder of Liquid Capital (formerly LD Capital), posted, saying, "As the Nasdaq is on the rise, the current sentiment in the cryptocurrency market is overly panicked. In the short term, the cryptocurrency market has investment value. When others are panicking, it is time to be greedy. Certainly, risk control and stop-loss measures should also be in place because there may still be unknown risks in the market. It is still recommended that non-genius professional traders should not participate in contract trading; the volatility of the spot cryptocurrency market is already quite significant enough."

On November 4th, as monitored by lookonchain, a certain anonymous hacker once more panicked and sold during the market downturn. They sold 2,243 Ether at a price of $3,589 each, with a total value of approximately $8.05 million. As is often the case, the hacker bought at a high price and sold at a low price.

On November 4th, Coinbase announced in a post that the Kite (KITE) spot trading will officially commence on November 3rd, 2025, in the local time. If the liquidity conditions are satisfied and trading is supported in your region, the KITE/USD trading pair will become active later on that day.