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A Telegram repost claims that hedge funds have engaged in record selling, while Morgan Stanley believes the market may present a buying opportunity.
CryptoQuant analysts stated that active BTC sell volume has exceeded active buy volume since October 14, with CVD dropping to 105300 BTC; during the same period, the price fell from 84000 USD to 76000 USD.
BlockBeats, citing Alternative data, reports that the cryptocurrency Fear and Greed Index rose from 25 yesterday to 28, with the market moving from extreme fear into the fear range.
BlockBeats reported that QwQiao, co-founder of Alliance DAO, believes that charts, investor psychology, and positions indicate a massive bubble almost certainly exists in AI trading, stating that one should wait for long-term bottoming out and thoroughly damaged market sentiment before reassessing.
According to Alternative data, the Crypto Fear and Greed Index rose to 50 on November 5, up from 34 yesterday, with market sentiment shifting from fear to neutral.
A Telegram channel says this address's HYPE long-position unrealized profit fell from 67637900 USD to 65184200 USD, with a position size of approximately 119000000 USD. The channel also says it built a large long position before Robinhood listed HYPE; however, the claim of insider information has not been verified.
Santiment says retail sentiment toward BTC and most altcoins has turned bearish, and the election results could create new selling pressure; if BTC regains 79,000 USD, it may indicate that price action is moving against retail expectations.
UBS said the market is pricing in a rising possibility of a Democratic "Blue Wave," which may increase policy resistance facing artificial intelligence, data center investment and fiscal issues.
November 2 The Crypto Fear & Greed Index stood at 37, 34 up from yesterday, but market sentiment remained in Fear.
CoinGlass data show that the Coinbase Bitcoin Premium Index has remained negative for consecutive 39 days, most recently at -0.17%. The indicator shows weaker Bitcoin buying power in the U.S. market relative to the global market.
Analyst Darkfost said that the average cost basis of Bitcoin short-term holders is close to 76,000 USD，STH MVRV returning to a neutral range near 1, while holders' confidence remains to be seen.
CryptoQuant founder Ki Young Ju said that the Coinbase Premium Index has declined to a 4-year low, with similar levels last seen after the 2022 November FTX crash. He believes the current pessimism may constitute a bullish signal.