Coinglass: Bitcoin Sees $105K Sell Wall Above, Potentially Acting as Resistance

On November 6th, Galaxy Research put out a post saying, "Among the top 100 cryptocurrencies in terms of market capitalization, 72 have seen a decline of 50% or more from their all-time highs."

On November 6th, the Bank of England maintained its benchmark interest rate at 4.00%, which was in line with market expectations. It paused the rate cut cycle that had been implemented quarterly since August 2024. (FXStreet)

On November 6th, based on the data from the Polymarket website, the probability of "Stablecoin Issuance This Year" on the platform is currently 97%. Previously, it was reported that Binance will launch STABLEUSDT perpetual contract trading at 20:00 on November 6, 2025 (UTC+8) with a maximum leverage of up to 5x.

On November 6th, Simon Ballard and Almahdi Alnuaimi from First Abu Dhabi Bank stated that the U.S. government shutdown and the disruption of official economic data releases have added complexity and uncertainty to the outlook, potentially causing the Fed to pause its rate cuts next month. The two analysts pointed out that the uncertainty resulting from the government shutdown may strengthen the Fed's reason to "hit the pause button" in December, regardless of the strength of the dissenting views presented by Governor Mester. Fed Chair Jerome Powell also hinted after last week's 25-basis-point rate cut that a rate cut in December is "not a certainty." (FX678)

On November 6th, as monitored by Onchain Lens, BlackRock deposited 4,652.87 BTC into Coinbase, with a value of $4.7851 billion. Additionally, it deposited 57,455 ETH, worth $1.9486 billion.

On November 6th, as monitored by on-chain analyst Yu Jin, the "Former 100% Win Rate Whale" used a leverage ratio of 40 times with the remaining $570,000 in the address. After experiencing 5 consecutive trading losses, it took a long position in BTC. The opening price was $102,700, the liquidation price was $101,400, and the position was valued at approximately $23.05 million. Last night, it shorted ETH and lost the remaining $1.4 million in funds. It even withdrew funds from the trading platform to increase its position.