Wall Street strategists are bullish on buying opportunities following the sell-off in US tech stocks.

[XRP Profitable Wallets See Decrease in Long Positions, Shorts Add 2.1 Million XRP] Data from Santiment on November 6th shows that among the "most profitable XRP wallets" it tracks, only one long position remains, and it has not traded since August. Three active short positions have collectively added approximately 2.1 million XRP since the end of October. A trader on the Score Arena platform predicted a drop in XRP to $0.99, stating that if XRP closes above $1.36, the prediction would be incorrect. As of November 7th, the XRP price was approximately $1.16, and this prediction will be finalized on November 19th. The number of wallets holding at least 1 million XRP reached 2,147 on November 3rd, a new high since 2026. XRP Ledger added 7,934 new wallets on November 1st. Santiment believes that a sustained increase of over 4,000 new wallets per day and a price rebound above $1.30 would constitute a constructive signal. (Source: Bitcoin.com News)

The S&P 500 fell 4.4% on Thursday, and the Nasdaq 100 fell 6.4%; the S&P 500 rebounded 0.3% on Friday, but has fallen 2.5% since the midterm election results were announced. Market concerns linger regarding potential tightening regulations on the data center and AI industries following a Democratic victory. Morgan Stanley's chief U.S. equity strategist, Mike Wilson, said the next two to three weeks would be a good time to increase positions, maintaining his year-end target of 8,000 for the S&P 500. Bloomberg data shows that the average year-end target for the index from major Wall Street institutions is 7,973. Ed Yardeni, chief investment strategist at Yardeni Research, characterized the decline as a correction with a year-end target of 7,900 points. Jonathan Golub, chief equity strategist at Seaport Global Holdings, gave a year-end target of 8,200 points, calling himself a staunch buyer. Wells Fargo's chief equity strategist, Ohsung Kwon, has a year-end target of 7700 points, noting that the semiconductor and AI infrastructure sectors will remain under pressure. The Philadelphia Semiconductor Index fell 12% on Thursday, and is down 36% from its June high. Kwon believes that if concerns about a contraction in AI investment persist, tech giants like Alphabet and Amazon may find support. (Source: Bloomberg)

Nine hours ago, a hacker received 3,100 ETH from Tornado, then exchanged them for 6.93 million USDC via Cowswap and deposited them into Hyperliquid. The address's 20x leveraged BTC long position increased to 263.81 BTC, and its ETH short position increased to 8945.744 ETH, with a total value of approximately $19.98 million.

The Drift Protocol attackers transferred $6.92 million to Hyperliquid. The attackers exchanged ETH for $6.92 million in USDC via CoWSwap and transferred it across-chain to Hyperliquid. They then opened $13 million in long BTC positions and $13 million in short ETH positions, both with 20x leverage. (Onchain Lens)

The address 0x924...a2BB0, a major staking holder, redeemed 7,500 ETH in the past three days, suggesting a possible sale. Since November 5th, this address has cumulatively redeemed over $17.11 million worth of ETH from EtherFi and deposited it into Binance. The address currently has 1483.94 ETH staked on Kelp DAO.