Matrixport: Bitcoin Volatility Skew and Skewness Display, Market Risk-off Sentiment Heating Up

On November 24th, according to the monitoring of GMGN (https://t.me/gmgnaibot?start=i_m4TE56o8), the 24-hour trading volume of popular memes on the BSC chain has been continuously declining. Except for "Binance Life", most memes have had a trading volume of less than $1 million in the past 24 hours. Some low-market-cap new memes like "Life-Changing" and "Road to Success" have maintained a trading volume above $1 million. Among them: "Binance Life" has a market value of approximately $89.28 million, with a 24-hour trading volume of about $3.7 million and a current price of around $0.089. "Hakimi" has a market value of approximately $22.65 million, with a 24-hour trading volume of about $0.9 million and a current price of around $0.022. "GIGGLE" has a market value of approximately $106 million, with a 24-hour trading volume of about $0.97 million and a current price of around $106.7. "PALU" has a market value of approximately $6.13 million, with a 24-hour trading volume of about $0.3

On November 24th, based on Coinglass data, Coinbase's Bitcoin Premium Index has been in a negative premium for 25 consecutive days and is currently at -0.0509%. BlockBeats Note: The Coinbase Bitcoin Premium Index is utilized to measure the difference between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index serves as an important indicator for observing U.S. market capital inflows, institutional investment interests, and market sentiment changes. A positive premium indicates that the Coinbase price is higher than the global average, usually suggesting: strong buying pressure in the U.S. market, active institutional or compliant fund participation, sufficient USD liquidity, and a predominantly optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting: significant selling pressure in the U.S. market, decreased investor risk appetite, a rise in market ri

On November 24th, the SOON Foundation declared that the claim function for SOONer and SOONest NFT tokens has been reopened. All holders who have completed Know Your Customer (KYC) can proceed to the portal and complete the claim.

On November 24th, KobeissiLetter released a market analysis indicating that according to historical data, when the volatility index VIX exceeds 28.7 points, the S&P 500 index tends to generate strong returns over the subsequent 12 months. When the VIX index is within the range of 28.7 to 33.5, the average return over the next year from 1991 to 2022 is +16%. When the VIX index exceeds 33.5, the average return over 12 months soars to +27%. In contrast, when the VIX index fluctuates between 11.3 and 12.0, the S&P 500 index has a return of +15% over the next year. Historical data shows that an increase in the VIX index often presents buying opportunities. Currently, the VIX index is 23.42.

On November 24th, according to HTX market data, some meme coins are leading the gains. They include: TNSR is currently trading at $0.153, with a 24-hour increase of 54.2%; PARTI is currently trading at $0.103, with a 24-hour gain of 53.88%; DYM is currently trading at $0.116, with a 24-hour increase of 19%; BANANAS31 is currently trading at $0.0029, with a 24-hour gain of 18.9%; HIGH is currently trading at $0.238, with a 24-hour gain of 13.88%; ALICE is currently trading at $0.2428, with a 24-hour gain of 8.9%.

On November 24th, according to HTX market data, Bitcoin dropped below $87,000, and its 24-hour increase narrowed to 0.41%.