Antminer S19 series miners, as well as Whatsminer M60 series miners and below, have reached shutdown price

November 14th: In the cryptocurrency market, there was a new round of sell-offs. Bitcoin fell below the $100,000 psychological level and hit a low of $96,600, refreshing the low since May. With the significant decline in the US tech sector and the resurgence of risk aversion sentiment, large funds, ETF positioning funds, and corporate buying pressure that had previously supported the market all withdrew simultaneously, resulting in a rapid shift in the market structure towards fragility. 10x Research confirmed that the market has entered a bear market phase and pointed out that the weakening of ETF fund flows, the accelerated selling by long-term holders, and the low retail participation are the current main reasons. From a market structure perspective, after Bitcoin lost the monthly midline support at $100,266, the price is now rapidly testing the downside liquidity zone. The short-term support is in the range of $93,000 to $95,000. If it is broken, the next liquidity gap may move do

On November 14th, as per RaveDAO News, the initially planned five-day RaveDAO Genesis Membership NFT minting event got sold out one day in advance because of the strong global community demand. The sales pace of each membership tier over four days was as follows: The Emerald Pass: It was sold out within 11 minutes after its launch. The Black Pass: It was sold out within 1 hour after its launch. The Gold Pass: It was sold out within 23 hours after its launch. The Platinum Pass: It was sold out on the 4th day after its launch. This event attracted users from Asia, Europe, North America, and other regions to participate, and the communities in various time zones showed high activity, which demonstrated strong market expectations for the RaveDAO ecosystem and future roadmap. The list of winners for the Genesis Rewards lottery will be announced on the X platform and Telegram one week after the Total Good Enough (TGE) ends, and the corresponding lottery rewards will be distributed two weeks

On November 14th, Eric Trump once more extolled Bitcoin during an interview with the Fox Business Channel yesterday evening. He claimed that modern finance has numerous problems, such as the incapability of conducting transfer transactions on non-working days. "Cryptocurrency will thoroughly address these issues. Bitcoin is digital gold; it will evolve into one of the most remarkable stores of value we have ever witnessed."

November 14th: JD Vance said in an interview with Fox News that Democratic Senate Leader Chuck Schumer is likely to end his entire political career because of "leading a government shutdown." JD Vance stated that Schumer "has worked harder than anyone to advocate for a government shutdown." This week, Chuck Schumer suffered a significant setback. Reports indicated that he will not run for re-election in 2028.

On November 14th, McKenna, a partner at Arete Capital, pointed out in the market outlook that in the short term, Bitcoin still has a considerable pullback space, with the potential for a maximum decline of 31%. However, in the long term, institutional holding and fund inflows will drive the price to reach a new all-time high in the next few years. McKenna stated that Bitcoin has broken below the weekly 50-period moving average, which may lead to further downward pressure. The potential support levels include $96,200 (a high-volume node), $93,300 (the yearly opening price and the midpoint of the range), and the range of $86,000 - $91,000 (a full retracement would correspond to approximately a 31% pullback). He pointed out that the price has received support around $92,000 twice, which is typically regarded as a preferred phased entry position. Although a correction is expected in the short term, McKenna emphasized that he would view the pullback as an opportunity to hold spot position

On November 14th, the CryptoQuant analyst @AxelAdlerJr tweeted that, based on his established Bitcoin conservative valuation model (which is said to be based on the epoch cycle method and has a backtesting score as high as 95/100), during the bear market phase, the first support level for Bitcoin is $87,000 and the second support level is $74,000.