NEWS UPDATE 11/06 | Khoa Chophel x GoatCryptoGains
Wishing you all a smooth trading day.
Macro
* Trump continues to ramp up pressure on Iran, stating that Tehran will have to “pay the price” for prolonging negotiations and that the U.S. is ready to take stronger actions if necessary.
* Iran announces the closure of the Strait of Hormuz following U.S. airstrikes, warning that vessels passing through may become military targets.
* The U.S. confirms it has disabled an oil tanker suspected of violating sanctions against Iranian oil.
Hormuz is the most crucial oil transport route in the world, so any escalation here can significantly impact the energy market.
Market Recap
BTC: 62.0K
Gold: 4,095
WTI Oil: 90.1 USD
ETF Flow
🔴 BTC: -65.4M USD
🔴 ETH: -16.6M USD
⚪️ SOL: 0 USD
🟢 HYPE: +2.8M USD
Crypto Quick Hits
* Raydium gets exploited through a vulnerability in the old AMM V3, with damage around 1.34M USD.
* Botanix announces the closure of the Bitcoin Layer 2 network after nearly 4 years of development; users need to withdraw assets before 09/07.
* StarkWare and Sui unveil an anonymous trading solution that can still be audited when necessary.
* CME launches Nasdaq Crypto Index futures contract, tracking BTC, ETH, SOL, XRP, ADA, BCH, LINK, and XLM.
Fear & Greed: 14 (Extreme Fear)
Liquidation Map
Upper Cluster: 62,800 – 63,100
Lower Cluster: 60,900 – 61,100
24h Liquidations: 408.34M USD
Largest Order: 3.30M USD
Conclusion
* BTC continues to range in the area of 60.8K – 62.8K.
* Fear & Greed remains at very low levels, with funding differentiation indicating that the crowd is still trading in a state of fear and lacking clear direction.
Wishing you all a smooth trading day.
Macro
* Trump continues to ramp up pressure on Iran, stating that Tehran will have to “pay the price” for prolonging negotiations and that the U.S. is ready to take stronger actions if necessary.
* Iran announces the closure of the Strait of Hormuz following U.S. airstrikes, warning that vessels passing through may become military targets.
* The U.S. confirms it has disabled an oil tanker suspected of violating sanctions against Iranian oil.
Hormuz is the most crucial oil transport route in the world, so any escalation here can significantly impact the energy market.
Market Recap
BTC: 62.0K
Gold: 4,095
WTI Oil: 90.1 USD
ETF Flow
🔴 BTC: -65.4M USD
🔴 ETH: -16.6M USD
⚪️ SOL: 0 USD
🟢 HYPE: +2.8M USD
Crypto Quick Hits
* Raydium gets exploited through a vulnerability in the old AMM V3, with damage around 1.34M USD.
* Botanix announces the closure of the Bitcoin Layer 2 network after nearly 4 years of development; users need to withdraw assets before 09/07.
* StarkWare and Sui unveil an anonymous trading solution that can still be audited when necessary.
* CME launches Nasdaq Crypto Index futures contract, tracking BTC, ETH, SOL, XRP, ADA, BCH, LINK, and XLM.
Fear & Greed: 14 (Extreme Fear)
Liquidation Map
Upper Cluster: 62,800 – 63,100
Lower Cluster: 60,900 – 61,100
24h Liquidations: 408.34M USD
Largest Order: 3.30M USD
Conclusion
* BTC continues to range in the area of 60.8K – 62.8K.
* Fear & Greed remains at very low levels, with funding differentiation indicating that the crowd is still trading in a state of fear and lacking clear direction.