US Stock Futures Dive Further

On November 21, based on HTX market data, DYM has exceeded $0.2 and is currently priced at $0.2019. It has witnessed a surge of more than 50% in the past hour.

November 21st. According to analyst @ali_charts, by analyzing the Unspent Transaction Output Realized Price Distribution (URPD) chart, the key support level for Bitcoin is $82,045. Moreover, @ali_charts analyzed that with the same method, BNB has 3 key support levels at $853, $660, and $564.

On November 21, Tom Lee, the chairman of BitMine, stated in an interview with CNBC that the current weakness in the market is highly similar to the sharp decline on October 10. At that time, the largest-scale liquidation in history was triggered due to a stablecoin pricing error, which led to the liquidation of nearly 2 million accounts and an instant depletion of liquidity. Lee pointed out that such deleveraging cycles usually last about 8 weeks, and we are currently in the 6th week, suggesting that the market may be in the late stage of the adjustment.

On Thursday evening local time on November 21st, following Morgan Stanley, JPMorgan Chase withdrew its forecast of a 25-basis-point rate cut by the Federal Reserve in December. The bank still anticipates that the next rate cuts will occur in January and April of next year. However, Kevin Hassett, one of the candidates for the position of Federal Reserve Chair mentioned by President Trump and the Director of the White House National Economic Council, stated earlier on the same day that for the world's largest central bank, halting rate cuts at this moment would be a "very bad time" because the government shutdown has had an impact on fourth-quarter economic growth. He expects the government shutdown to cause a 1.5-percentage-point decline in fourth-quarter Gross Domestic Product (GDP). At the same time, he pointed out that the September Consumer Price Index (CPI) showed that inflation was performing better than expected.

On November 21st, as per the monitoring of LookOnChain, the whale address that "once borrowed coins to short 66,000 ETH" has once again made a purchase of 7,837 ETH (approximately $21.9 million), and now it holds a total of 440,558 ETH (approximately $1.23 billion).

November 21st - The Cabinet of Japanese Prime Minister Sanae Takaichi approved the largest supplementary budget since the pandemic broke out. Funds will be disbursed through a comprehensive plan to ease voter dissatisfaction. However, this move may raise concerns among investors closely monitoring Japan's fiscal situation. It has led to the yen falling to a 10-month low and the ultra-long-term government bond yield surging to a historical high. The Japanese Cabinet Office stated on Friday that this stimulus plan includes ￥17.7 trillion (approximately $112 billion) in general account spending. These expenditures are likely to be provided through a supplementary budget, representing a 27% increase compared to the scale introduced by its predecessor a year ago. The overall plan has a scale of ￥21.3 trillion, covering various aspects from price relief to targeted sector investment support. The large scale of price relief funds shows Sanae Takaichi's determination to address persistent in