View: If selling pressure weakens this week, it could serve as a reliable bottom signal

On November 24th, Paolo Zanghieri, a senior economist at Generali Investments, stated that he and his team think that the market's anticipation of rate cuts is greater than the magnitude of rate cuts that the Fed is likely to implement. "We believe that the probability of a rate cut next month is 50%." Since there is a limited amount of new data available, it is reasonable for the Fed to wait until January next year to reduce rates while indicating an easing tendency. More importantly, based on the expectation of a rapid drop in inflation, the market anticipates nearly four rate cuts next year, which appears to be overly optimistic. We anticipate only a 50-basis-point rate cut by summer. (FXStreet)

On November 24th, according to Naver, South Korea has expedited the institutionalization of Security Token Offerings (STOs) by amending the Electronic Securities Act and the Capital Market Act. These amendments have passed through the subcommittee of the Legislation and Judiciary Committee of the National Assembly, laying the foundation for the opening of the STO market in the first half of next year. It is expected that the amendments will formally incorporate blockchain distributed ledger technology into the electronic registration system, enabling issuers to register and manage blockchain-based security tokens as electronic securities. At the same time, it will bring investment contract securities and non-monetary trust beneficiary securities, such as small-scale over-the-counter trading platforms, under regulation, providing a basis for the legal operation of fractional investment exchanges. If the bill is finally passed at the full meeting of the National Assembly next month, the

November 24th. The columnist of HTX DeepThink and the researcher of HTX Research, Chloe, pointed out that this week, the U.S. market showed a feature of "data-intensive landing" before the holiday. Multiple core economic indicators are scheduled to be released from Monday to Wednesday. High-frequency employment data (especially initial jobless claims on Wednesday) will be a key factor influencing risk appetite. The crypto market is still digesting the adjustment since October. Bitcoin has fallen back about 30% from its high point. ETFs are experiencing continuous net outflows, and the Coinbase premium is weakening. Overall sentiment remains low. Although there is support for the mid-term outlook with expectations of "stop tapering + rate cut in advance," the current stage is closer to a rebalancing before the liquidity transition, and institutional positions are mainly reducing and hedging. Derivative pricing reflects a defensive stance in the market: The CME BTC futures basis has fal

November 24th: In response to community worries, it was noted that "Binance has begun to reclaim the improper profits from the Alpha airdrop due to violating operations. Multiple Alpha airdrop hunter accounts suspected to be studios have had assets of more than $10,000 frozen." He Yi responded to verify this incident and said that regular users are not affected.

On November 24th, as per Bitcoin Magazine, Nomura Securities and other major asset management companies in Japan are scheming to launch Bitcoin and cryptocurrency investment products. Nomura Securities, which manages assets up to $670 billion, is anticipated to exert a substantial influence on the industry upon its entry into the crypto market.

On November 24th, the analyst Darkfost_Coc from the cryptocurrency data analysis platform CryptoQuant pointed out that the open interest of Bitcoin has witnessed the largest 30-day decline in this cycle. Historical data shows that these liquidation phases are usually essential processes for forming a strong bottom and creating conditions for restarting the bull market trend.