The current mainstream CEX and DEX funding rate indicates a market bias towards bearishness

November 21st. Financial market independent researcher Perera (Shanaka Anslem Perera) noted that yesterday, an unprecedented upheaval took place. After Nvidia's financial report was released, its stock price surged by 5%, but within 18 hours, it plummeted into negative territory. Wall Street algorithms captured a significant anomaly that humans had not noticed: there was a severe discrepancy in the financial data. The specific findings are as follows: Nvidia's accounts receivable increased by 89% to $33.4 billion in one year. The payment cycle extended from 46 days to 53 days, and chip inventory soared by 32% to $19.8 billion. A $19.3 billion profit only converted into $14.5 billion of cash flow, with a conversion rate of 75%, which is far below the industry average of 95%, resulting in a $4.8 billion gap reaching a crisis level. The AI ecosystem fund loop was exposed: Nvidia injected $2 billion into xAI. xAI borrowed $12.5 billion to buy back Nvidia chips. Microsoft invested $13 bil

On November 21st, at the 11th Benzinga Fintech Awards taking place in New York, Bitget received the "Best Cryptocurrency Exchange" award. This award holds significant influence among the annual selections in the fintech field and is intended to recognize platforms and innovative achievements that lead the future development of the industry. This year's list of winners encompasses several traditional financial institutions and industry companies, such as Interactive Brokers, TradeStation, Ramp, WisdomTree, Best Egg, and Groundfloor.

On November 21st, as per the monitoring by HyperInsight (accessible via https://t.me/HyperInsight and targeted at _blank), the "Ultimate Bear" whale (identified as 0x5D2) initiated a 20x BTC short position on May 9th, boasting a floating profit exceeding $31 million. On the 14th, this address had previously set a take-profit order within the range of $89,000 to $91,000. Recently, it withdrew this order and then placed a new take-profit order between $75,000 and $79,000. This month, it has continuously withdrawn approximately $22.09 million in account margin and transferred a total of $28 million to a Binance wallet. The current position size of the address amounts to about $106 million, with an average price of $111,500. Over the past week, the liquidation price has dropped from $105,700 to $101,000 and it currently holds the TOP 1 position in BTC short positions on Hyperliquid. Previously, this address had opened large BTC short positions four times this year, all of which led to lo

On November 21st, JPMorgan no longer anticipates that the Fed will lower interest rates in December. Its previous forecast was a 25-basis-point rate cut. (FXStreet)

On November 21, based on Farside's monitoring data, yesterday the net outflow of the US Ethereum spot ETF was $261.6 million, and no ETF recorded any inflows.

On November 21st, based on Farside's monitoring data, yesterday the net outflow of Bitcoin's spot ETF in the United States was $9.032 billion, and no ETF recorded any inflows.