Citigroup: AI Optimism Wanes, Maintains Caution on S&P 500 Long Position

On November 22nd, as per Forbes, the partner of the Trump family's crypto project "World Liberty Financial", WLFI Reserve Company ALT5 Sigma stated in a filing with the U.S. Securities and Exchange Commission (SEC) that its CEO was officially suspended on October 16th. However, internal emails indicate that the company's board had actually placed him on "administrative leave" as early as September 4th. Several securities regulatory experts have signaled that this significant difference in timing may have violated disclosure rules. The same email also revealed that Chief Revenue Officer Vay Tham was placed on leave simultaneously because a special committee of the board was investigating "certain matters related to the company". According to SEC regulations, a public company must disclose within 4 business days of a significant change in the executive's actual cessation of duties (Form 8-K). Intentionally submitting false or misleading information by the company may constitute a

On November 22nd, the London-based ETF issuer LeverageShares is scheduled to launch the world's first 3x Long/Short Bitcoin and Ethereum ETF in Europe next week. Four new products (Bitcoin 3x Long, Bitcoin 3x Short, Ethereum 3x Long, Ethereum 3x Short) will be listed on the Swiss SIX Exchange, further expanding the company's existing leveraged product range.

On November 22, the U.S. Department of Labor: The October Consumer Price Index (CPI) report will not be made available, and the November Consumer Price Index (CPI) report will be released on December 18. (Golden Ten)

On November 21st, on-chain data analyst Murphy issued a warning. According to Bitcoin's Unrealized PNL Distribution (URPD), the real largest sell-off range in the past three days was within the price range of $88,000 - $89,000, with a total of 64,334 BTC sold. The most stacked chip range did not witness a large amount of selling. Currently, the market downturn is mainly attributed to the "whale dumping" of chips purchased at recent highs, while profit-taking chips and high trapped chips are not the main sellers. The analyst believes that some of the sell-off is due to short-term/high-frequency funds being forced to liquidate, but the more significant reason is the trading mechanism of derivatives market makers amplifying short-term volatility. The Options Net Premium Heatmap indicates that there is a large amount of Put selling in the current $82,000 to $87,000 range. When BTC approaches $82,000, market makers are forced to buy BTC due to the trading mechanism in order to establish a

On November 21st, according to HTX market data, Bitcoin fell below $83,000, with a 24-hour decline of 8.3%. Ethereum also dropped below $2,700, with a 24-hour decrease of 9.5%.

On November 21st, Tony Pasquariello, a partner at Goldman Sachs, holds the view that the U.S. stock market has exhibited signs of a bullish surrender. It is expected that there will be further selling pressure before the market stabilizes. Despite Nvidia announcing remarkable earnings beats and raising guidance, the market appears to be entering a new phase of the artificial intelligence cycle. Investors are becoming skeptical about the sustainability of capital expenditures and the future returns of mega-scale cloud service providers. (FX678)