Today's Major Daily Puzzle Durov for November 1-2, 2024
Key Takeaways
Today's Major Daily Puzzle Durov for November 1-2, 2024
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitcoin News Today: Bitcoin Holds at $84K Amid $14B Bearish Options and Optimism for Institutional Surge
- Bitcoin hovered near $88,000 on Nov. 24 amid a $14B options expiry on Dec. 26, with prices down 30% from October’s $126,000 peak. - BlackRock’s IBIT ETF saw $1.425B in five-day outflows, but Abu Dhabi’s sovereign wealth funds tripled holdings in Q3, signaling mixed institutional sentiment. - Deribit’s $80,000 put ($2.01B open interest) and a $1.74B call condor targeting $100,000–$112,000 highlighted bearish positioning and controlled rally expectations. - Weak U.S. labor data and Fed rate-cut speculation
Bitcoin News Update: Bitcoin's Death Cross and Federal Reserve's Interest Rate Challenges Ignite Stagflation Discussions
- U.S. Federal Reserve faces internal division over December rate cuts amid rising stagflation risks, with market odds shifting to 70% for a cut due to weak labor data. - Bitcoin's "death cross" below $80,000 signals prolonged bear market risks, contrasting institutional bullishness with $2.96B ETF outflows and leveraged product launches. - Crypto innovation accelerates amid selloff, including 100x leverage platforms and Bitcoin Munari's Solana-based presale, while BlackRock's IBIT sees $2.1B in redemption

AI Bubble Fears Rise as Hype Surges and Michael Burry Shorts the Sector
X’s Drive for Openness Reveals Overseas Interference, Ignites Discussion on Privacy
- X's new transparency feature exposing overseas locations of pro-Trump accounts sparked backlash, revealing accounts from Nigeria, Bangladesh, and Eastern Europe. - High-profile accounts like "@BarronTNews_" and "MAGA NATION" flagged as foreign raised concerns about foreign influence in U.S. politics and disinformation campaigns. - Privacy critics called the update an "invasion of privacy," while X's product head acknowledged accuracy issues and plans to address proxy/VNP loopholes. - Political reactions
