[Bitwise CIO: Bitcoin Allocation Ratio May Increase] Bitwise Chief Investment Officer Matt Hougan stated that the era of allocating only 1% of assets to Bitcoin has come to an end. With the advancement of institutional adoption and ETF trading, Bitcoin's volatility has significantly decreased, marking its evolution into a mainstream asset. Hougan believes that Bitcoin's progression from a $2.5 trillion market cap toward gold's $25 trillion market cap may happen faster than expected.

[Bitcoin Falls Below the Critical $100,000 Support Level, Market Sentiment Impacted by Dollar Strength and Policy Uncertainty] Singapore-based crypto investment firm QCP Capital analyzed that Bitcoin fell below the critical psychological threshold of $100,000 overnight, leading to a synchronized decline in global risk assets. This pullback was primarily driven by the strengthening U.S. dollar and uncertainty surrounding Federal Reserve policies, significantly reducing market risk appetite. U.S. spot Bitcoin ETFs saw a net outflow of approximately $1.3 billion over four consecutive days, with the momentum that drove gains earlier this year now turning into short-term resistance. Weak spot demand and forced deleveraging coexisted, with over $1 billion in long positions liquidated during the price dip, followed by dip-buying activity. In the options market, net short gamma positions were maintained near the $100,000 strike price, and hedging activities by traders further exacerbated price volatility. On the macroeconomic front, the U.S. government shutdown delayed the release of non-farm payroll data, leaving the market reliant on private indicators to assess economic trends. The Federal Reserve cut interest rates by 25 basis points in October but issued cautious signals, weakening expectations for a December rate cut. The strengthening dollar may further tighten credit conditions. For Bitcoin to resume its upward trend, a reversal in ETF outflows and a recovery in risk sentiment will be necessary.

According to the data of major single orders in the past 12 hours, the total transaction volume of sell orders reached $770 million, while buy orders were only $267 million. The net outflow of major orders was $502 million, with a buy sell ratio of 1:2.88, indicating strong bearish sentiment. Especially at 9:34 am yesterday, there was a major selling order of $55.74 million in Binance contracts, which directly suppressed the price to around $99100, further intensifying downward pressure. The current 1-hour cycle K-line has formed a bearish swallowing pattern, with prices falling below the support of the EMA24 and EMA52 moving averages. Coupled with the continued decline in trading volume, market buying is weak, and the downward trend may continue. The main single order indicators accurately capture the trend of funds, helping you predict the market trend in advance! Open a membership, grasp the main dynamics, and seize the opportunity! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.

[Metalpha Withdraws 6,800 ETH and Deposits into AAVE] Nasdaq-listed company Metalpha withdrew 6,800 ETH from the Binance platform 6 hours ago, with a total value of approximately $22.72 million (calculated at current market prices), and deposited all funds into the decentralized lending protocol AAVE.

**[Trump's Remarks Have Limited Impact on the Federal Reserve, Market Reaction Remains Calm]** November 5 news: The Federal Reserve has faced pressure from nearly a year of continuous attacks by Trump, including insults, threats to fire Fed Chair Jerome Powell and Governor Cook, as well as demands for interest rate cuts to reduce government debt costs. Treasury Secretary Besant also accused the Fed of overstepping its authority since the financial crisis. Despite this, financial markets remained calm throughout 2025. Research by scholar Francesco Bianchi shows that inappropriate remarks during Trump's first term significantly influenced market expectations for the federal funds rate, but in the long term, the impact of presidential remarks is limited. Former Fed Governor Randy Kroszner and former Treasury Secretary Larry Summers both believe that the market has little concern about medium-term inflation rate increases, and the issue of the Fed overstepping its authority is not a major problem for the United States.