The “slightly softer” rebound after Friday’s PPI release has already been completely erased overnight, according to the timeline. 链研社 wrote that headline PPI rose 0.3% month over month, below the 0.4% forecast; core PPI rose 0.3%, in line with expectations; and the annual rate accelerated to 6.5% from last month. Collins and Logan stuck to their announced remarks and didn’t discuss policy, so there were no new signals on whether the Fed will raise rates by 25 or 50 basis points in December. 青云 first wrote, “The coins finally didn’t fall when U.S. stocks opened—maybe there’s a rebound coming,” then, a few minutes later, declared his own words “complete bullshit.” Professor 梭 said this morning that U.S. stocks were still seeing big swings, while crypto had capitulated first, with daily losses landing near the top of the decliners list. $NVDA : People are still refreshing the feed to see whether Huang Renxun will return. 香港老雷 listed Musk as having signed the petition, along with public support from CZ and others; IamRamenPanda reposted unusual_whales, saying the New York Times reported that Trump had once urged him to try to keep his position. 链研社 also wrote that the Binance copy-trading account “踢倒丹炉Jason007” opened a long at an average price of about 165.41 and closed it all at around 169.80, using 20x leverage on a notional position of about $616,000 and making roughly 15,900 USDT. U.S. markets had closed by the time of publication. @PhyrexNi also relayed Chicago Fed President Goolsbee’s view that inflation had spread beyond energy and tariffs, that demand from AI infrastructure projects was also pushing up prices, and that the Fed might still continue raising rates. There were also reports of two more oil tankers hitting mines in the Strait of Hormuz, and the situation worsened after Trump rejected peace talks with Iran.
$BTC wasn’t holding up either. Professor 梭 wrote, “Everyone says it’s strong, but when it falls, the truth comes out.” @whale_alert spent the night posting large transfers: Gemini transferred out 793 coins, worth about $54.17 million; Kraken transferred out 1,525 coins, worth about $104.3 million; Coinbase Institutional made an outflow and inflow of about 2,878 and 2,120 coins, respectively, at prices equivalent to roughly $68,300–$68,800; and earlier, 742 coins were transferred out of Binance at a price equivalent to about $69,400. @PhyrexNi added the November 12 spot ETF figures: Bitcoin saw net outflows of about 4,421 coins for the day, its sixth consecutive trading day of outflows, with net outflows of about $1.6474 billion over the past seven days. BlackRock’s IBIT accounted for about $1.4741 billion, or roughly 89.5% of the market-wide net outflows, while Grayscale’s GBTC saw about $100.1 million. Overall, holdings fell by around 29,700 coins in November. The one-day figures for November 13 hadn’t appeared on the timeline yet. $ETH looked even worse. Professor 梭 wrote, “A perfect break below 2,000.” In the same batch of ETF data, Ethereum saw net outflows of about 30,400 coins for the day, its sixth consecutive day of outflows, with roughly 258,400 coins out over the past seven days. Overall, holdings fell by around 381,100 coins in November.
AKE was the loudest of the meme coins. FAN wrote, “Tripled in a day—is it meme-coin season again?” Patrick-妖币大统领 said it was rallying on bearish sentiment after the big drop, with around four million dollars’ worth of short positions liquidated in a few hours. The evening report had said “nearly doubled in a few hours from the lows”; the overnight account has raised the stakes. The same account first wrote that IDOL might make a move over the weekend, that futures positions hadn’t been cut much, and that spot-market price control was suspected. Later, it complained, “The market maker is so bad—wiping out liquidations on both sides and painting the chart.” On stablecoins, @whale_alert recorded several USDC Treasury mints of 250 million each; at least three were visible, totaling at least around $750 million. Another 140 million USDT was transferred from Tether Treasury to Bitfinex. leaf said Kraken had opened subscriptions for tokenized Anthropic IPO shares, ticker ANTx, starting at $10. The subscription price is the offering price plus a 5% underwriting fee; these are not direct shares. For product news, Binance Wallet announced the second Alpha RaveDAO (RAVE) airdrop, requiring at least 256 points to claim 270 tokens and consuming 15 points. On sentiment, 青云 later wrote, “I’ve lost so much I need a couple of days off,” adding that going forward he’d focus more on U.S. stocks and Bitcoin swings, and wouldn’t open altcoin positions above 100,000 U unless a major bull run was underway. For reference only, not investment advice.
$BTC wasn’t holding up either. Professor 梭 wrote, “Everyone says it’s strong, but when it falls, the truth comes out.” @whale_alert spent the night posting large transfers: Gemini transferred out 793 coins, worth about $54.17 million; Kraken transferred out 1,525 coins, worth about $104.3 million; Coinbase Institutional made an outflow and inflow of about 2,878 and 2,120 coins, respectively, at prices equivalent to roughly $68,300–$68,800; and earlier, 742 coins were transferred out of Binance at a price equivalent to about $69,400. @PhyrexNi added the November 12 spot ETF figures: Bitcoin saw net outflows of about 4,421 coins for the day, its sixth consecutive trading day of outflows, with net outflows of about $1.6474 billion over the past seven days. BlackRock’s IBIT accounted for about $1.4741 billion, or roughly 89.5% of the market-wide net outflows, while Grayscale’s GBTC saw about $100.1 million. Overall, holdings fell by around 29,700 coins in November. The one-day figures for November 13 hadn’t appeared on the timeline yet. $ETH looked even worse. Professor 梭 wrote, “A perfect break below 2,000.” In the same batch of ETF data, Ethereum saw net outflows of about 30,400 coins for the day, its sixth consecutive day of outflows, with roughly 258,400 coins out over the past seven days. Overall, holdings fell by around 381,100 coins in November.
AKE was the loudest of the meme coins. FAN wrote, “Tripled in a day—is it meme-coin season again?” Patrick-妖币大统领 said it was rallying on bearish sentiment after the big drop, with around four million dollars’ worth of short positions liquidated in a few hours. The evening report had said “nearly doubled in a few hours from the lows”; the overnight account has raised the stakes. The same account first wrote that IDOL might make a move over the weekend, that futures positions hadn’t been cut much, and that spot-market price control was suspected. Later, it complained, “The market maker is so bad—wiping out liquidations on both sides and painting the chart.” On stablecoins, @whale_alert recorded several USDC Treasury mints of 250 million each; at least three were visible, totaling at least around $750 million. Another 140 million USDT was transferred from Tether Treasury to Bitfinex. leaf said Kraken had opened subscriptions for tokenized Anthropic IPO shares, ticker ANTx, starting at $10. The subscription price is the offering price plus a 5% underwriting fee; these are not direct shares. For product news, Binance Wallet announced the second Alpha RaveDAO (RAVE) airdrop, requiring at least 256 points to claim 270 tokens and consuming 15 points. On sentiment, 青云 later wrote, “I’ve lost so much I need a couple of days off,” adding that going forward he’d focus more on U.S. stocks and Bitcoin swings, and wouldn’t open altcoin positions above 100,000 U unless a major bull run was underway. For reference only, not investment advice.