Bitcoin at Make or Break Level as China Suspends 24% Tariff on U.S. Goods
--
U.S.-China trade tensions are easing, with China suspending additional tariffs on U.S. goods.
Loading...
U.S.-China trade tensions are easing, with China suspending additional tariffs on U.S. goods.
[UPBIT to Launch Intuition (TRUST) Today and Support Multiple Trading Pairs] UPBIT announced that it will launch Intuition (TRUST) trading services on November 5, 2025, at 20:00 (UTC+8). The platform will support trading pairs of TRUST with Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). This move further expands UPBIT's asset trading range, providing users with more options.
[Madras High Court of India Rules XRP as Property Protected by Criminal Law] The Madras High Court of India has ruled that XRP is property and confirmed that it is protected under criminal law.
**[Bitcoin Falls Below Key Support Level of $107,000, $101,000 Becomes Crucial Defense Zone]** After approximately 130 days of consolidation within the $107,000 to $123,000 range, Bitcoin recently lost the key support level of $107,000 and briefly dipped to $98,000, triggering widespread deleveraging in the futures market. On-chain data shows that approximately $640 million in long positions were liquidated in the past 24 hours, marking the second-largest single-day liquidation event since June 2021. This wave of liquidations exacerbated the market downturn, forcing high-leverage traders to exit. However, after the price hit the $98,000 low, buying pressure quickly stepped in, pulling the price back to the critical $101,000 level. This level is not only a psychological threshold but also coincides with the bottom of the long-term ascending channel that has defined the bull market structure since October 2023. Analysts suggest that if bulls can hold the $101,000 level, this correction may be seen as a buying opportunity; however, if the daily close falls below this level, it could significantly impact the bull market structure and further increase the risk of a market pullback.
[Whale Achieves Weekly Profit of Over $5.6 Million Through Spot Bottom Fishing and Contract Hedging Operations] On November 5, the on-chain AI analysis tool CoinBob recommended a smart money address starting with 0xcac. Recently, this whale has engaged in spot BTC and ETH bottom fishing and conducted hedging operations by shorting major cryptocurrencies at high contract levels. The current total contract position size is approximately $35.23 million, with an overall account floating profit of $9.9 million (about 502%). Weekly profit exceeds $5.6 million, monthly profit reaches $22.12 million, and the maximum drawdown this week is only 3.7%. Monitoring shows that the main short positions of this address include: - $15.9 million in BTC with 20x leverage, floating profit of $2.8 million (351%) - $14.6 million in ETH with 20x leverage, floating profit of $5.44 million (744%) - $4.12 million in HYPE with 20x leverage, floating profit of $1.43 million (346%) Over the past six months, cumulative profit from spot and contract hedging operations has reached $10.65 million, with monthly profit of $2.2 million.
OKX-ETH/USDT is currently trading at $3303.29, with a 5-minute drop of 0.30%. Please be aware of market fluctuations.