A new address received 630 BTC from FalconX, totaling $64.2 million.

On November 7th, based on market data, the pre-market trading of US stocks related to the crypto sector generally declined. These included: Circle (CRCL) decreased by 2.01%; Coinbase (COIN) decreased by 1.57%; MicroStrategy (MSTR) decreased by 2.19%; MARA Holdings (MARA) decreased by 2.2%; Riot Blockchain (RIOT) decreased by 2.54%; Bitmine Immersion (BMNR) decreased by 2.11%; SharpLink Gaming (SBET) decreased by 2.5%.

On November 7th, according to Bloomberg, Kazakhstan is in the process of setting up a national cryptocurrency mining reserve fund. The expected size of this fund is between $500 million and $1 billion. A portion of the funding will be sourced from assets that have been seized overseas and repatriated. The governor of the Central Bank, Timur Suleimenov, stated that the investments of the fund will include ETFs and stocks of companies engaged in the cryptocurrency business. The fund will be extremely cautious when it comes to directly holding cryptocurrency. It is anticipated that the fund will officially launch and commence operations by the end of this year or in January of the next year.

On November 7th, based on HTX market data, Bitcoin has fallen below $100,000, with a 24-hour decline of 2.8%.

On November 7th, according to Defilama data, in the mainstream Perp DEX's recent 24-hour trading volume, Hyperliquid still holds the top position. Aster has witnessed a slight decrease in trading volume over the past month. After a recent 20x airdrop, Pacifica has seen a surge in trading volume. The current trading volumes of some Perp DEXs are as follows: Hyperliquid has a 24-hour trading volume of approximately $9.7 billion and a TVL of around $4.605 billion; Lighter has a 24-hour trading volume of approximately $9.53 billion and a TVL of around $1.114 billion; Aster has a 24-hour trading volume of approximately $7.4 billion and a TVL of around $1.479 billion; ApeX has a 24-hour trading volume of approximately $2.43 billion and a TVL of around $47.27 million; Pacifica has a 24-hour trading volume of approximately $1.06 billion and a TVL of around $38.08 million.

On November 7th, according to analyst @ali_charts, if Bitcoin drops below the "bear-bull line" which is the 50-week moving average, it suggests the advent of a bear market. This pattern has been verified by the trends observed in 2011, 2014, 2018, and 2020. If this previous trend is repeated, Bitcoin will encounter a 60% decline, indicating that it will reach a bottom near $40,000.