OSL Trading Moments: The market faces profit-taking pressure, and the regulatory environment shows positive signals

1. Market Observation

Keywords: BTC, TORN, MOVE

BTC fell below $91,000 this morning, and was reported at $92,533 at the time of writing. CryptoQuant data shows that long-term holders have sold more than 728,000 BTC in the past 30 days, and the market is facing profit-taking pressure. However, Standard Chartered Bank analysts said that BTC is expected to have upside potential after consolidating in the range of $85,000 to $88,700.

In addition, the regulatory environment has shown positive signals. A U.S. court ruled that OFAC exceeded its authority in sanctioning the Tornado Cash smart contract, and the TORN token price reacted strongly, surging nearly 10 times. Meanwhile, the traditional financial institution Pantera Bitcoin Fund has performed impressively, with a cumulative return rate exceeding 131,000%, highlighting institutional investors' recognition of BTC's long-term value.

In the macroeconomic environment, U.S. stocks continued to be strong, with the S&P 500 index at 6,021.63 points, up 26.24% year-to-date, and the Nasdaq index at 19,175.58 points, up 27.74% year-to-date. Important economic data, including the core PCE price index and quarterly GDP growth rate, will be released tonight, which may affect market sentiment.

2. Key Data (as of November 27, 10:00 HKT)

• S&P 500: 6,021.63 points (YTD +26.24%)

• Nasdaq: 19,175.58 points (YTD +27.74%)

• 10-year U.S. Treasury yield: 4.302% (YTD -3.34 bps)

• U.S. Dollar Index: 106.494 (YTD +4.89%)

• BTC: $92,533.04 (YTD +118.93%), daily spot trading volume of $89.53 billion

• ETH: $3,335.90 (YTD +46.22%), daily spot trading volume of $38.39 billion

3. ETF Flows (November 26, EST)

• BTC ETF: Net outflow of $120.5 million

• ETH ETF: Net outflow of $8.3 million

4. Important Dates (November 27, 9:30 PM)

• Core PCE Price Index MoM (Previous: 0.3%, Expected: 0.3%)

• GDP Quarterly Growth Rate (Previous: 3.0%, Expected: 2.8%)

• Personal Income (Previous: 0.3%, Expected: 0.3%)

• Personal Spending (Previous: 0.5%, Expected: 0.4%)

5. Hot News

• U.S. Court Rules OFAC Exceeded Authority in Sanctioning Tornado Cash Smart Contract, TORN Surges Nearly 10 Times

• Vitalik Sells Meme Coins to Obtain 22.89 ETH, and Donates 320 ETH to the Coin Center

• Movement Network Foundation Announces MoveDrop, Airdropping 10% of MOVE Tokens to the Community

• WalletConnect Launches WCT Token Eligibility Check Page

• Standard Chartered Bank Analyst: BTC May Consolidate in the $85,000 to $88,700 Range, Then Move Higher

• CryptoQuant: Long-Term BTC Holders Have Sold Over 728,000 BTC in the Past 30 Days

• Kraken to Shut Down NFT Marketplace, Focusing on Other Projects

• Pantera Bitcoin Fund Gains Thousandfold, with a Cumulative Return Rate Exceeding 131,000%

• Uniswap Labs Launches a Record-High $15 Million Bug Bounty Program

• Starknet Becomes the First Ethereum Layer-2 Network to Support Crypto Staking

• CZ: No Intention to Crack Down on MEME Coin Investments, Just Hoping to Encourage More Developers to Participate in Building

• AXIOS: Trump Considering Appointing an Artificial Intelligence Minister

• Binance to Delist GFT, IRIS, KEY, OAX, and REN

• Binance HODLer Airdrop Launches Second Project Thena (THE), THE Surges Over 430% in 1 Hour

• Influencer Peanut's JUSTICE Token Suspected to Have 80% of Supply Controlled by Internal Team

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