Market Overview
| Asset | Level | 1d Change | 7d Change | 30d Change |
|---|---|---|---|---|
| Global Crypto Market Cap | $2.93T | -6.65% | – | – |
| BTC | $86,632 | -5.29% | -16.31% | -19.81% |
| ETH | $2,832 | -6.33% | -19.93% | -27.13% |
| Dow Jones | 45,752 | -0.84% | -4.54% | -1.31% |
| S&P 500 | 6,539 | -1.56% | -4.50% | -2.92% |
| Nasdaq | 22,078 | -2.15% | -5.92% | -4.11% |
| VIX | 26.42 | +11.67% | +52.89% | +60.80% |
US markets reversed sharply with the S&P 500 down 1.6% to 6,538, Nasdaq 100 down 2.4%, and VIX surging above 26 (highest since April) as Nvidia initially jumped over 5% after-hours on Wednesday following Q3 revenue of $57 billion and Q4 forecast of $65 billion both beating expectations, but tumbled 3% by Thursday’s close erasing a 5%+ intraday gain as Bitcoin’s 4.2% drop to $86,676 triggered algorithmic selling according to Interactive Brokers strategist Steve Sosnick. The delayed September jobs report showed 119,000 positions added (better than 50,000 expected) but unemployment unexpectedly climbed to 4.4% (a near four-year high), as Fed officials including Barr, Hammack, and Goolsbee reinforced hawkish tones casting doubt on December rate cuts.
European markets rose 0.4% with the Stoxx 600 snapping a five-day losing streak before Wall Street’s reversal as banks led gains up 0.8% with BNP Paribas surging 4.4% on share buyback plans and BBVA rising 1.2% on capital return timeline, while industrials rose 0.8% driven by defense stock rebounds after JPMorgan called Wednesday’s declines an “overreaction”.
US Spot ETF Flows
| Asset | Daily Inflow | Daily Change | Weekly Inflow | Total Assets | Daily Volume |
|---|---|---|---|---|---|
| BTC ETFs | $-903.1M | -1296.7% | $-1.5B | $113.0B | $8.9B |
| ETH ETFs | $-261.6M | +600.3% | $-556.0M | $17.4B | $2.8B |
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
| Liquidation Type | Value | % of Total | 24h Change |
|---|---|---|---|
| Total Liquidations | $924.07M | – | $+351.75M (+61.46%) |
| Shorts | $110.80M | 12.0% | $-73.69M (-39.94%) |
| Longs | $813.27M | 88.0% | $+425.44M (+109.70%) |
| BTC | $470.37M | 50.9% | $+322.33M (+217.74%) |
| ETH | $211.20M | 22.9% | $+10.73M (+5.35%) |
- Cathie Wood’s ARK Invest bought over $39 million in crypto-related shares, including Bullish, Circle, and Bitmine, amid market weakness.
- Early Bitcoin holder Owen Gunden sold his entire 11,000 BTC position worth $1.3 billion since October 21 with his final 2,499 BTC ($228 million) transferred to Kraken on Thursday according to Arkham.
- According to CryptoQuant, institutional ownership of US spot Bitcoin ETFs surged to 40% on Wednesday (up from 27% in Q2 2024) based on 13-F filings according to Bitcoin analyst Root, despite $2.8 billion in ETF outflows so far in November per Farside Investors data.
- 21Shares announced on Thursday the cross-listing of six additional products on Nasdaq Stockholm, including ETPs for Aave, Cardano, Chainlink, Polkadot and two crypto basket products.
- Coinbase expands its base-powered network, allowing users to borrow up to $1 million in USDC against Ether, after processing $1.25 billion in loans.
- AI hedge fund Numerai raised $30 million at a $500 million valuation led by top university endowments (names undisclosed), causing its NMR token to surge over 40% according to CoinGecko, as AUM expanded to $550 million from $60 million over three years, building on a $500 million commitment from JPMorgan Asset Management secured in August.
