1Price and market
- As of 8:40 AM ET, 50 minutes ahead of the opening bell, Bitcoin traded near $75,650: down 5% over 24 hours, down 2.2% over 7 days and down 9.2% over 30 days, with a 24-hour range of $75,208–79,865.Binance
- The $75,208 low is also the 7- and 30-day low: since the overnight slide price never got above $76,500, with no real bounce through Asia and Europe.Binance
- When the jobs report hit at 8:30 AM ET, Bitcoin dipped from $76,000 to $75,200 and recovered almost all of it within minutes.Cryptopotato
5 more facts
- Altcoins fell harder: Ether $2,231 (−6.5% in 24 hours), XRP $1.18 (−9.5%), Solana $90.2 (−5.4%), CoinDesk 20 index −6.2%.CoinDesk
- Bitcoin's market cap is $1.53 trillion, the whole crypto market $2.57 trillion (−6.6% in 24 hours); BTC dominance 59.2%, ETH 10.6%.CoinGecko
- Bitcoin sits 40% below its $126,080 record (Oct 6, 2025) and is down 26% over a year.CoinGecko
- Binance BTC/USDT spot volume over 24 hours was 26,700 BTC (about $2.04 billion), above normal: sellers were active.Binance
- The Coinbase premium is slightly negative (−0.05%, about −$37): US buyers were not stepping in ahead of the open.Coinbase
2Technical analysis
- Daily RSI(14) is 38: weak, but still some room before oversold (30).Binance
- MACD at −1,369 is below its −1,058 signal line, histogram −312: downside momentum persists, though it stopped widening today.Binance
- Price is below the EMA20 ($79,241), EMA50 ($79,834) and EMA200 ($76,822); the EMA200, 1.5% higher, is the nearest resistance.Binance
6 more facts
- The 50-week simple average is $75,552 and price is sitting right on it; a weekly close below it Sunday night would weaken the picture.Binance
- The 50-week exponential average (~$78,400) is already lost; the next weekly support is the round $75,000.CoinDesk
- Wintermute sees downside targets of $73,000 and $68,000 and says reclaiming and holding $80,000 would signal strength.CoinDesk
- The 200-day average is $73,243, Mayer Multiple 1.03; the 200-week average is $67,615 with price 11.9% above it; Pi Cycle at 0.5 is far from overheated.CoinLab
- Fractals: the 2-week pattern (−7.1%) matches 6 historical episodes, 5 of them followed by gains, median +4.5%; the 50-day window has a +7% median (4 of 6), the 6-month window +18.9% (6 of 6).CoinLab
- Polymarket's median for Nov 7 (17:00 UTC) is $75,978, interquartile range $74,606–77,326, with 56% betting above the current price: the market expects sideways trading, in line with our base case.Polymarket
3Derivatives
- Liquidations across the market over 24 hours were about $1.25–1.27 billion, more than $1.1 billion of it (almost 90%) longs.CoinDesk
- Binance BTC futures open interest is 94,698 BTC ($7.17 billion): −5.4% in 24 hours and −2.5% over the week, leverage still being cut.Binance
- Binance funding is 0.0074% per 8 hours (8.1% annualized) vs a 0.0056% 30-day average: even after the crash shorts never started paying longs.Binance
4 more facts
- Funding elsewhere: Bybit 0.0069%, OKX 0.0071%, Hyperliquid 0.01% per 8 hours, positive everywhere.Bybit
- Binance long/short account ratio is 2.92 (74.5% long), top traders 2.18: retail is still trying to catch the bottom.Binance
- Taker buy/sell ratio is 0.97: market sellers are slightly stronger.Binance
- Our squeeze index is −4 (−23 this morning): the long skew eased after the flush and the components barely agree.CoinLab
4Options
- This morning's Deribit expiry (08:00 UTC) settled far from its $79,000 max pain: it held no calls at or below $75,000, so most of them expired worthless.Bitcoin.com
- After the expiry, open interest is 322,857 BTC ($24.4 billion), put/call 0.72.Deribit
- Saturday's Nov 7 expiry is 5,512 BTC with max pain at $78,000; the next big one is Nov 13: 21,663 BTC, max pain $78,000, put/call 1.30.Deribit
3 more facts
- The Nov 27 monthly expiry holds 68,805 BTC with max pain at $80,000; December (25th) holds 140,278 BTC with max pain at $75,000.Deribit
- The DVOL volatility index is 41.3 vs 42.0 a week ago: options price a daily move of about ±2.2% (±$1,650).Deribit
- Nov 27 skew is −5.4: puts are pricier than calls, traders keep hedging against further downside.Deribit
5ETFs and institutions
- Spot Bitcoin ETFs lost $430.2 million on Nov 5: FBTC about $200 million, IBIT $105 million, GBTC $49.9 million.Bloomingbit
- Nov 4 saw a $74.6 million inflow, after three straight days of outflows: $643 million (Oct 30), $399 million (Nov 2) and $116 million (Nov 3).SoSoValue
- Bitfinex analysts warned that sustaining a bounce needs real spot demand, and ETF flows aren't showing it yet.CoinDesk
4 more facts
- ETH ETFs lost $431.5 million in the week from Nov 2, Solana ETFs $71.5 million; only XRP funds were positive ($4.3 million).Kucoin
- Strategy bought 811 BTC for $65.5 million at $80,846 from Oct 26 to Nov 1; it holds 849,327 BTC at a $75,451 average, so price is at its cost basis.Benzinga
- 181 public companies hold 1.30 million BTC (6.2% of supply), worth about $98.7 billion.CoinGecko
- Miner and crypto stocks fell 15–20% and more than 10% respectively on Nov 5, following AI names lower.CoinDesk
6Sentiment and on-chain
- The Fear & Greed Index is 28 (Fear), vs 50 a day ago, 30 a week ago and 71 a month ago.alternative.me
- CoinLab's market temperature is 29 out of 100: across eight metrics the market is in the cold half of the cycle.CoinLab
- MVRV is 1.42 (as of Nov 2), 33rd historical percentile: holders are in moderate profit on average.Coinmetrics
5 more facts
- Short-term holder cost basis is about $75,774 (as of Oct 30): price is at or slightly below it, so new buyers are roughly flat on average.Bgeometrics
- Long-term holders cut their holdings by 248,000 BTC in Q3, while spot ETFs added 79,800 BTC over the same period.21shares
- Large wallets added about 60,000 BTC in October, per a Nov 5 estimate, as price bounced toward $80,000.Invezz
- Stablecoin supply is $295.5 billion: −2% over the week and −4.6% ($14.1 billion) over 30 days, no fresh money coming into crypto.Defillama
- Alex Krüger noted that on Nov 5 QQQ fell 6.4% and Bitcoin 5.3%, only the second time the Nasdaq dropped more than 5% while BTC fell less.Bitcoin.com
7Mining
- Hashrate is about 1,042 EH/s, difficulty 148.4 T.mempool.space
- The next difficulty adjustment is around Nov 13 (934 blocks away), estimated at −3.1%; the previous one was +5.5%.mempool.space
- Fees are minimal: 4 sat/vB for fast confirmation, 3 sat/vB within an hour.mempool.space
4 more facts
- Block height is 974,810, with 75,190 blocks to the halving (around April 2028).mempool.space
- Hashprice was $33.26 per PH/s per day on Nov 2; miner revenue keeps shrinking as price falls.Millionminer
- Bernstein cut price targets on seven miners by up to 54% on Nov 4 over uncertainty about data center construction after the elections.CoinDesk
- VanEck calls miners oversold: shares of those pivoting to AI data centers fell 35% on average in October.CoinDesk
8Macro
- The US added 165,000 jobs in October vs 59,000 expected; unemployment fell to 4.1% vs 4.2% expected.CNBC
- Wages rose 0.4% on the month and 3.1% on the year (forecast 0.3% and 2.9%); August was revised up by 53,000 and September by 31,000 to 60,000.CNBC
- The strong labor data pushed Treasury yields higher and firmed bets on a Fed hike on Dec 9: about 70% on CME FedWatch, 70.5% on Polymarket (65.5% this morning).CNBC
7 more facts
- US futures were split ahead of the open: Nasdaq-100 +1.6%, S&P 500 +0.2%, Dow −0.9% (−478 points); Nvidia +3% premarket after Thursday's −9%.CNBC
- Europe sold off: the Stoxx 600 was down 1.7%, on track for its worst session since March; tech held up best (−0.2%).CNBC
- Asia closed sharply lower: Nikkei −6% to 57,435 and in a bear market, Kospi −6% (−11.7% on the week, with a trading halt intraday), Taiex −4.5%.CNBC
- On Thursday the Nasdaq fell 5.5% to 24,315 and the S&P 500 4.4% to 7,354, the worst day since April 2025, on fears for AI data center buildouts.CNBC
- VIX is 27.5 after Thursday's 70% spike: fear in equities remains elevated.Yahoo Finance
- The 2-year Treasury yield was 4.46% (−12 bp) and the 10-year 4.84% (−6 bp) on Nov 5, before today's strong jobs data.Treasury
- The dollar index DXY is 102.05 (+0.5%), gold $4,073 (−1%), oil $90.8 (−12.8% over 5 days).Yahoo Finance
9Regulation and events
- Democrats won control of both chambers of Congress, and markets fear pushback on the data center buildout that miners are pivoting to.CoinDesk
- House Democrats are preparing a broader crypto market structure bill that strengthens the SEC; the new Congress convenes Jan 3, 2027.Decrypt
- Greece approved a 10% tax on crypto gains and a 15% levy on DeFi income.CoinDesk
3 more facts
- The Binance hack (since Oct 29) is about $6.3–6.4 billion; Chainalysis attributes it to North Korea's TraderTraitor group, and about $2.8 billion had been frozen by Nov 3.Chainalysis
- Next Fed decisions: Dec 8–9 (hike at 70.5% on Polymarket) and Jan 26–27 (hold at 73.5%).Polymarket
- Polymarket for November: a touch of $80,000 is priced at 60.5%, $72,500 at 63.5%, $70,000 at 42.5%.Polymarket