[Trump Admits for the First Time That Tariff Costs Are Partially Borne by U.S. Consumers] On November 7, U.S. President Trump admitted for the first time that the costs of the tariffs he implemented might be partially borne by American consumers. This marks a significant shift from his long-standing stance of 'foreign countries paying.' This statement comes at a critical moment when the U.S. Supreme Court is questioning the legality of Trump's tariff authority. Trump warned that if the Supreme Court issues an unfavorable ruling, it would deal a 'catastrophic blow' to the U.S., and stated that the U.S. government must prepare a 'Plan B' in response. He also emphasized that the overall tariff policy has brought significant benefits to the U.S. and is an important tool for resolving international trade conflicts.

On November 6th, the net inflow of Bitcoin spot ETF was $239.9 million, and the net inflow of Ethereum spot ETF was $12.5 million. In addition, the SOL spot ETF had a net inflow of $29.2 million on the same day. （Cointelegraph）

A sharp 3.3% decline pushed ether below a key support level, but institutional whales bought the dip, signaling long-term confidence despite technical breakdowns.

**[Glassnode Co-Founder: Bitcoin's "Four-Year Cycle" Has Failed, Transforming into a Macro Liquidity-Driven Asset]** Glassnode co-founder Negentropic stated that Bitcoin's "four-year cycle" model is no longer applicable. As Bitcoin gradually evolves into a more mature asset, its volatility has significantly decreased, and it has become more deeply integrated into global macro investment portfolios. This change is not a flaw but a natural result of the asset's growth in scale and stability. Negentropic pointed out that Bitcoin's market performance is gradually moving away from being influenced by structural supply factors (such as halving events and miner selling pressure) and is instead being driven by liquidity, credit cycles, and macroeconomic trends. He also emphasized that outdated mental models could become a weakness for retail investors, as market behavior often leverages public consensus as a tool. While the "four-year cycle" still exists, it has become a strategic tool in the crypto market targeting retail investors.

According to AiCoin monitoring, the net inflow of US spot BTC ETF reached $240 million yesterday, the highest daily net inflow since October 29th. Among them, IBIT had the largest inflow of funds, reaching $112 million; Next is FBTC, with an inflow amount of 61.6 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only