ChainCatcher news, QCP analysis states that BTC is currently stable at a high of 90,000 USD, market risk sentiment is improving, and the expectation for a rate cut in December has risen to 85%. However, macro signals remain complex, inflation is still high, and labor data is weak.
Warning signals have emerged in the AI credit sector, with credit default swaps (CDS) widening, raising market concerns about Nvidia's accounts receivable and rising inventory. The flow of funds in cryptocurrency shows a similar trend: ETFs continue to experience outflows, and most products are trading below net asset value. MicroStrategy's strategy is under scrutiny again, with its BTC holdings approaching breakeven, and its stock has been placed on the MSCI delisting watch list.
The options market shows cautious sentiment, with the correlation between Bitcoin and AI stocks increasing, and the fear and greed index declining. Technically, Bitcoin may encounter ETF-related selling pressure around $95,000, while the $80,000-$82,000 range remains a key support level.
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