Gate Research Institute: BTC bottoming out and rebounding | Monad mainnet will be launched on November 24th

/image/ann_cn_20251106_131953_bf9b425f9e47ef38a21098043782be62.webp) Market Review: Both BTC and ETH have shown a bottoming out and rebounding trend this week, with clear signs of short-term technical recovery but still a weak trend. BTC rebounded from its stage low of $98500 to around $103000, still under pressure from the MA5-MA10 range. If it cannot break through the $105000-107000 range, the rebound may be difficult to continue; ETH rebounded from $3056 to around $3400, but was still suppressed by the short-term moving average, and overall fluctuated and consolidated. In terms of market structure, funds are flowing towards the privacy and infrastructure tracks, and overall sentiment is temporarily recovering but still cautiously observing. This week's focus: Monad confirms that the mainnet will be launched on November 24th, and the MON airdrop claim window has been closed; Balancing has released a preliminary report on the attack incident, confirming that V2's combinable stable pool was exploited due to a rounding logic error; Vanish, the Solana ecosystem privacy trading platform, has launched a public beta version that supports token privacy trading and Silent Rewards revenue mechanism, promoting increased activity in the privacy arena. Highlight data: BTC spot ETF fund flow turned positive, with a net inflow of 239 million US dollars in a single day, and market sentiment temporarily recovered; The total market value of stablecoins is 313.8 billion US dollars, with trading volume dropping to approximately 179.3 billion US dollars and a slight decrease in liquidity; The gas fee on the Ethereum network has dropped to 0.315 Gwei, significantly reducing the cost of on chain activities; The total market value of the cryptocurrency market has rebounded to $3.45 trillion, and overall sentiment has briefly stabilized. Next week's focus: According to Tokenomist data, there will be multiple important token unlocks in the next 7 days, with LINEA, APT, and AVAX ranking among the top three, with unlocking amounts of 35.16 million, 29.86 million, and 27.59 million US dollars respectively, accounting for 18%, 1.5%, and 0.4% of the circulating supply, which may cause some selling pressure on short-term coin prices. Explore today's details → Gate Research Institute: BTC bottoming out and rebounding | Monad mainnet will be launched on November 24th Gate Research Institute is a comprehensive platform for blockchain and cryptocurrency research, providing readers with in-depth content including technical analysis, hot topic insights, market reviews, industry research, trend forecasting, and macroeconomic policy analysis. Disclaimers Investing in the cryptocurrency market involves high risks, and it is recommended that users conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate shall not be liable for any loss or damage caused by such investment decisions. Gate team November 6th, 2025