A CryptoQuant report shows that Bitcoin has fallen 9% in the past 30 days and retreated 15% from its September high. The bullish rating index has dropped from 90 to 20, entering extremely bearish territory; apparent demand has shrunk by 284,000 BTC in the past 30 days, USDT's market capitalization has decreased by $6.6 billion in the past 60 days, and traders' unrealized returns have fallen to -6%. Bitcoin has fallen below its 365-day moving average of $76,400, with $73,200 serving as key support. The report predicts it will consolidate in the $70,000 to $76,000 range over the next few weeks; a break below this key support level would trigger a deeper correction.

Trader 0xb644's long position of 41,658 SOL tokens was completely liquidated, worth approximately $3.42 million.

Binance - The INIT/USDT price hit a near one-year high, currently trading at $0.258, up 98.87% in the last 24 hours, with a trading volume of $23.52 million. After reaching a new high, a price correction is highly likely. (AiCoin Research Institute)

US CPI data came in higher than expected, and Polymarket data showed that the probability of a 25 basis point rate hike by the Federal Reserve in December rose to 87%. AI Interpretation: The unexpectedly strong inflation data shattered market optimism regarding interest rate cuts. Strong price pressures forced the Federal Reserve to maintain a tight stance to curb the rebound in inflation. This outcome completely reversed expectations of monetary policy easing, and market funds quickly converged on pricing in interest rate hikes. The high-interest-rate environment will persist for a longer period, directly suppressing risk assets. The Federal Reserve has lost any policy space to shift to a dovish stance until its anti-inflation mission is accomplished.

Visa has expanded its cryptocurrency stablecoin settlement network, which now supports transactions on weekends and public holidays. (Watcher.Guru)