Cryptocurrency News
November 5 Highlights:
1. The ether.fi community has initiated a buyback plan of up to $50 million in ETHFI through a proposal.
2. Franklin Templeton updates XRP ETF registration statement, planning to launch the product this month.
3. MMT briefly touched $6.47 before retreating, with over $100 million in short positions liquidated in 24 hours.
4. Coinbase's application for a federal trust bank license faces opposition from U.S. banking lobby groups.
5. Perp DEX's trading volume reached a new high of $1.2 trillion in October, driven by incentives and liquidations.
Trading Insights
Four Stages of Major Players' Involvement in Cryptocurrency: A Practical Breakdown from Accumulation to Distribution
Accumulation Stage: The "quiet accumulation" period of major players. The core action of major funds during this stage is to collect chips at low prices, with major players being the primary buyers and retail investors mostly selling. From the market characteristics, one can judge through the volume-price relationship: when the cryptocurrency price is in a low range, there will be a stepwise increase in volume (gradually increasing trading volume), accumulation (continuous large transactions), and simultaneous rise in volume and price (price rising along with trading volume). These characteristics correspond directly to the chip distribution chart, reflecting that major players are steadily accumulating.
Markup Stage: The profit-taking period where major players "push up the price." After completing accumulation, the cryptocurrency price will move away from its cost zone, and major players will start to realize paper profits. During this stage, major players will use a small portion of funds to wash out (consolidate and clean up retail investors' floating chips), while most chips remain unchanged; the chip distribution chart shows that a large number of chips still occupy the bottom area, which is the core holding of major players, aiming to wait for subsequent high-level cashing out to further push up the price.
Peak Stage: The signal period where major players "prepare to exit." When the cryptocurrency price is at a high level, if a large number of chips suddenly disappear from the bottom area, it is a clear sign of major players preparing to distribute. The key characteristics of this stage are: low-level chips continuously moving to high levels and forming a dense accumulation at high levels, while the market turnover rate significantly increases (large chips changing hands at high levels), indicating that major players are accelerating the transfer of chips, and the price is about to peak.
Distribution Stage: The final period where major players "cash out." After realizing profits at high levels, market chips will be fully concentrated in the high range, with no major player holdings at the bottom. At this point, the major players' distribution actions have been completed, and the cryptocurrency will lack upward momentum; investors should not continue to hold and should immediately take stop-loss or take-profit actions to avoid being trapped.
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Below are the real trading signals from the Big White community this week. Congratulations to the friends who followed along; if your operations are not going smoothly, you can come and test the waters.
The data is real, and each order has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Starting Monday, the price of Bitcoin began to decline, so it is very normal for the spot ETF to experience selling. However, from the data, the main outflow still comes from BlackRock's investors: but the outflow did not exceed 1,800 Bitcoin. In the short term, this has not caused panic among investors, and most investors remain calm. Looking back at Bitcoin's data, there is indeed a sense of panic. Moreover, the panic sentiment is intensifying, with a significant increase in turnover rate. Although this is mainly due to short-term investors, currently, due to low purchasing power, the selling by these short-term investors can already affect the price trend of Bitcoin, while earlier investors have not seen much change.
In the evening, the price fell below around 99,000, and the current trading price is about 101,900. Testing the demand around 99,000-101,000, in this area, buying has previously intervened multiple times. If the price maintains its position in this area, a rebound may be possible.
ETH
Analysis
Not only cryptocurrencies but also the decline in U.S. stocks is widening, which is not what Trump wants to see. Continuing the shutdown will cause greater harm to the U.S., which does not align with the interests of both parties. Just like the debt ceiling, although everyone knows the U.S. government will not default, neither party will seriously sit down to discuss until the last moment. From the current trend, it is indeed possible to reach an agreement within this week and resume government operations next week.
On the daily level for Ethereum: In terms of price action, yesterday's price closed with a bearish candle again, but there is a long lower shadow + significant volume at the bottom. This position has a lot of buying, and the price has reached the support level of ema576 and 676. This area is likely the first strong rebound position during the downward process.
On the 4-hour level: After the price pierced the daily support, the K-line closed with a bullish golden candle—a bullish pin bar. The pin bar has three characteristics: the lower shadow is twice or more the body, significant volume, and it appears at a key position.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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