crypto market panorama
BTC (1.22% | Current price 86,634 USDT): The short-term price of BTC previously fell after reaching a high of 93,167 USD, forming a temporary low around 80,646 USD, followed by a weak rebound. The current price has fallen back to around 86,600 USD, and if it continues to lose support from the short-term moving averages, it will face the risk of further probing the support range of 85,800–84,500 USD. Conversely, if it can stabilize above 87,500 USD and break through with volume, there is hope to test the resistance area of 89,000–90,200 USD again. On November 21, the net inflow/outflow of BTC ETF was 238 million USD in a single day, with BlackRock's IBIT seeing an outflow of 122 million USD, and Fidelity's FBTC seeing an inflow of 108 million USD.
E

Gate Research Institute: On November 24, the current price of BTC has fallen to around $86,600. If it continues to lose support from the short-term moving averages, it will face the risk of further testing the support range of $85,800–$84,500; the short-term trend of ETH shows a weak oscillation pattern, with the price encountering resistance and falling back after reaching around $2,840, currently consolidating around the $2,780 level; the price of GT formed a phase low around $9.24 after a rapid decline earlier, followed by a wide oscillation stabilizing and slowly climbing along the MA30. Furthermore, TNSR (+53.24%), PARTI (+41.58%), and DYM (+23.68%) have shown significant rises, indicating a noticeable increase in market enthusiasm for high-elasticity assets in the short term. Ethena's Q3 fee revenue reached a historic high, surpassing $150 million; the video sharing platform Rumble has launched the Rumble Wallet, supporting tipping functions for BTC, XAUT, and USDT; Wormhole Labs has launched Sunrise, bringing assets like MON into the Solana ecosystem.

Summary
Polymarket has implemented a strategic shift from a single platform to an open ecosystem through Builder Codes, addressing core challenges such as excessive liquidity concentration, diverse user demands, and intensified market competition.
The Polymarket ecosystem has formed a four-layer structure comprising backend, middleware, frontend applications, and AI Agents, including

Market Overview
To systematically present the current funding behaviors and trading structure changes in the cryptocurrency market, this report focuses on five key dimensions: price volatility of Bitcoin and Ethereum, long-short trading ratio (LSR), contract holdings amount, funding rates, and market liquidation data. These five indicators cover price trends, market sentiment, and risk conditions, providing a comprehensive reflection of the current market's trading intensity and structural features. The following will sequentially analyze the latest changes of each indicator since November 4:
1. Bitcoin and Ethereum Price Volatility Analysis
According to CoinGecko data, from November 4 to November 17, BTC and ETH maintained a generally weak oscillation pattern, with prices continuing to decline since October, and market sentiment leaning towards caution. BTC has weakened after falling from a high above $125,000.

Cryptocurrency Market Overview
BTC (-5.68% | Current price 86,923 USDT): In the past 24 hours, BTC has shown a clear downward trend overall, with the price weakening from around $92,000. The decline accelerated driven by several large downward 1-hour K-line candles, reaching a low of approximately $86,100, with a significant cumulative drop. Overall, BTC experienced a sharp decline followed by weak oscillation in the past day, remaining in a short-term recovery zone. It needs to be observed whether it can regain above $90,000 to alleviate downward momentum.
ETH (-6.14% | Current price 2,852 USDT): Today, ETH's price remains weak overall, showing a synchronized accelerated correction pattern with BTC. After multiple unsuccessful attempts to rebound in the short term, the price experienced a sharp decline, reaching a low of approximately 2,790 USD.

Cryptocurrency Asset Panorama
BTC (-5.68% | Current price 86,923 USDT)
In the past 24 hours, BTC's overall price trend has shown a significant downward movement, with the price declining from above approximately $92,000. The decline accelerated due to several large downward 1-hour K-line candles, with the lowest touching around $86,100, resulting in a substantial decline. Moving averages across all timeframes (MA5, MA10, MA30) have formed a consistent downtrend after the price broke below $90,000. The short-term moving averages quickly crossed below the medium- and long-term moving averages, indicating that bearish momentum is accelerating. Subsequently, Bitcoin briefly stabilized in the $86,000 to $87,000 range, accompanied by a minor rebound. However, the rebound was limited and has yet to effectively recover key short-term moving averages, with market sentiment still relatively weak. Overall, BTC has exhibited a structure of sharp decline followed by weak oscillation over the past day, and in the short term, it remains in

Abstract
1. The $93,000–$94,000 range has become a key short-term position for BTC, and attention should be paid to the gains or losses at this resistance.
2. The weakness of BTC stems from significant loopholes in the balance sheets of one or two major market makers, Bitmine states that it continues to accumulate ETH;
3. Vitalik calls on all parties in the community to cooperate in completing the Ethereum quantum upgrade over the next 4 years;
4. Nvidia's earnings report exceeded market expectations, driving a rebound in the US stock and cryptocurrency markets;
5. IBIT reported a net outflow of $523.15 million on Tuesday, marking the largest net outflow in history;
6. On Tuesday, the inflow of BSOL reached $23 million, and the total inflow has now surpassed $600 million.
7. Perpetual contract traders quickly leveraged during the decline of Bitcoin prices, which led to Bitcoin's excessive...

Encryption Asset Panorama
BTC (+0.43% | Current Price 92,719.1 USDT)
BTC continued its weak consolidation from the previous day in the early morning of the 20th, finding support around $89,000 and showing a slight rebound, with the current price at approximately $92,700. The short-term moving average structure shows some signs of recovery: MA5 has crossed above MA10 and MA30, and the short-term moving averages are beginning to turn upward, indicating that short-term buying interest is trying to recover, with prospects for further challenges to the resistance level around $93,000–$94,000. In addition, the MACD has shown a bullish crossover at the bottom, with the red bars expanding again, indicating that short-term momentum is warming up. Overall, BTC is currently in a short-term recovery phase, with slight technical improvements, but upward pressure remains evident. It is advisable to maintain a short-term perspective in operations, focusing on the $89,000-$90,000 range.

Summary
Despite the global economic slowdown and the impact of AI on traditional employment structures, the cryptocurrency industry is expected to perform strongly in 2024-2025, with a market capitalization exceeding $3 trillion. The industry's pace of attracting high-quality talent has significantly increased, particularly in the areas of core technology, smart contracts, security, and AI+Web3.
Currently, technical positions account for more than 50% of the cryptocurrency job market, covering core functions such as blockchain development and security auditing; at the same time, product, operations, compliance, and marketing positions are growing year by year, and the industry as a whole is evolving from "technology-driven" to "advancing ecology and compliance together."
Exchanges, public chain infrastructure, and DeFi are absorbing over 70% of the positions. The RWA (Real World Assets on Chain) and AI+Crypto sectors are rapidly rising, creating a demand for composite talent, especially engineers with backgrounds in both machine learning and blockchain.
Global Crypto Job Market

Encryption asset panorama
BTC (+0.15% | Current price 92,410 USDT)
BTC found initial support around $91,800 on November 18, and there was a brief rebound in the early hours of the 19th, peaking at around $94,000, but then it fell back to oscillate near $92,500. The short-term moving average structure has slightly improved, with MA5 and MA10 returning above MA30, but the overall distance to form a clear upward trend remains to be observed. The MACD slightly strengthened during the early rebound, and the red bars expanded at one point, but the momentum then contracted, indicating limited capital inflow strength. If BTC can stabilize above $92,800, it will help continue the short-term recovery; conversely, if it breaks below the $91,800 support, the pressure for a pullback may increase again.
ETH

crypto market panorama
BTC (+0.15% | Current Price 92,410 USDT): After initially finding support around 91,800 USD on November 18, BTC experienced a brief rebound in the early hours of the 19th, reaching a high of about 94,000 USD, but then fell back to oscillate near 92,500 USD. The short-term moving average structure has slightly improved, with MA5 and MA10 returning above MA30, but the overall distance to form a clear upward trend still needs observation. The MACD showed slight enhancement during the early rebound, with the red bars temporarily expanding, but then momentum has somewhat contracted, indicating limited capital inflow strength. If BTC can stabilize above 92,800 USD in the future, it will help continue the short-term repair; conversely, if it breaks below the 91,800 USD support, the pullback pressure may increase again.
ETH（+

Last week's market data showed that BTC and ETH experienced a technical Rebound, with TEL seeing a big pump of over 100%. The Sei ecosystem and capital inflow are rising rapidly, and Uniswap has proposed a governance reform plan that could reshape its economic model. The complete report provides in-depth analysis and data support.

Crypto market panorama
BTC (-3.19% | Current price 91,788 USDT): In the past 24 hours, the price of Bitcoin broke the momentum of stabilizing at 95,000 USD from November 15 to 17, and once again fell significantly to a low of 91,212.9 USD, with a cumulative decline of 14.2% over the past 7 days. Market sentiment has reached "extreme fear," RSI indicates overselling, and the MA5, 10, and 30 moving averages are in a bearish arrangement. The main reasons for the current decline in Bitcoin include panic selling by short-term holders, technical indicators signaling a downturn, and a shift in bearish sentiment in the prediction market. The prediction market shows that the probability of falling below 90,000 USD by the end of December has increased from 8% last week to 22%, while retail and leveraged traders often overreact to changes in the prediction market. In the short term, the oversold state and strategic buying.

encryption asset panorama
BTC ( -0.42% | Current Price 95,092 USDT)
BTC is still in a short-term weak downward oscillation structure. In the past few trading days, the price has repeatedly been blocked near MA5 and MA10, with the overall operating center continuing to shift downward, and remaining below MA30, indicating that the bearish trend still dominates at the one-hour level. However, in the latest round of rebound, BTC has re-established itself above MA5 and MA10, and is beginning to attempt a breakthrough towards MA30. The short-term moving averages have shown slight convergence, which helps alleviate the previous one-sided weakness, indicating that bearish forces have been released at lower levels, and the market is beginning to enter a transition phase of stabilization - oscillation.
From a key price level perspective, $92,976 constitutes an important low point for the short cycle and is also the core defense position for the bulls. As long as this range is not broken, the price is expected to continue building a rebound in the bottom range.

Crypto market panorama
BTC ( -0.42% | Current Price 95,092 USDT): BTC is still in a weak short-term downward oscillation structure, with 92,976 USDT constituting an important short-term low point, which is also the core defense position for the bulls. As long as this range is not broken, the price is expected to continue building a rebound structure at the bottom range; on the upside, it is necessary to focus on the breakthrough situation at 95,200 USDT. Once stabilized, the short-term rebound may extend to the previous dense trading area of 96,500–97,200 USDT. On November 14, the net outflow of BTC ETF reached 492 million USDT in a single day, with BlackRock's IBIT outflowing 463 million USDT and Fidelity's FBTC outflowing 2.1 million USDT.
ETH ( -1.8% | Current Price 3,143 USDT): ETH is still in a short cycle trend.

In October, the total market capitalization of the Crypto Assets market experienced Fluctuation, rising to 4.4 trillion before falling back to 3.8 trillion, indicating insufficient market confidence. Solana leads in average daily volume, while Starknet attracts funds due to the "BTCFi" narrative, with TVL increasing to 245 million. The Web3 industry has raised 5.12 billion, with DeFi leading the way.

encryption asset panorama
BTC (-6.54% | Current Price 97,088 USDT)
After experiencing a period of oscillation and decline, the BTC price found support near $98,000 in the short term, followed by a slight rebound. The price is currently temporarily stabilizing around the $97,000 mark. The short-term moving averages (MA5, MA10) show preliminary signs of turning, but they are still running below MA30, indicating that although the bearish momentum has weakened, the bullish side has not yet formed an effective counterattack structure.
Today, the early rapid decline accompanied by increased volume shows that panic selling is concentrated and being released; while the current rebound has a relatively limited trading volume, more reflecting a technical correction after an oversold condition. If the price can continue to stabilize above $99,500 and break through the MA30 (approximately $101,300) resistance, it is expected to initiate a new round of rebound market. Attention should be paid to whether the short-term moving averages can complete a golden cross.

crypto market panorama
BTC (-2.37% | Current Price 99,697 USDT): After experiencing a period of fluctuating decline, the BTC price found support around 98,000 USD in the short term and subsequently showed a slight rebound. The current price is temporarily stabilizing at 99,600.

From October 28 to November 10, 2025, the crypto market continues its rotation pattern, with BTC and ETH rebounding to above $105,800 and $3,630 respectively, while PoW and AI concepts become the core driving forces. ORE rises by 514%, AIA and SOON increase by 238% and 188% respectively, with funds concentrated in AI and emerging application themes; infrastructure and privacy projects such as ICP, ZEC, and FIL also rise simultaneously, forming a "narrative + technology" dual resonance. Recently, popular project tracks such as AI, Layer2, social points, and identification have successively opened airdrop activities. This article will organize key participation methods to help users seize rebound dividends and potential opportunities.

encryption asset panorama
BTC (-0.86% | Current Price 102,106 USDT)
Bitcoin is currently trading around $102,000, attempting to rebound after recent fluctuations. The price previously found support in the major demand zone near $100,000, but fell back to around $101,000 after encountering significant resistance in the $105,000 area. Although there are signs of a recovery in buying pressure, the overall market structure indicates that if trading volume does not increase significantly, this rebound may only be a temporary correction. Technically, the $106,000 to $110,000 range has transformed into a key supply zone; if buyers can break through and hold above $110,000, the upward target will point to $114,000. Conversely, if it fails to stabilize, this rebound may come to an end, and the price could test $100,000.