Morning Report | The Nasdaq Composite Index rose 2.7% on November 9; a certain whale had approximately 140 million USD in BTC and ETH long positions liquidated, resulting in a loss of over 49 million USD

Compiled by: ChainCatcher

Data from the Past 24 Hours

Bitcoin is currently priced at $75,368, up 0.7% in the past 24 hours, with a high of $75,599 and a low of $73,750. Ethereum is currently priced at $2,135.24, up 0.4% in the past 24 hours, with a high of $2,160.50 and a low of $2,083.10. The current Crypto Fear and Greed Index is at 30, indicating fear. The S&P 500 closed at 7,549.94 points on November 9, up 2.3%. The Nasdaq Composite closed at 25,253.14 points on November 9, up 2.7%. The Dow Jones Industrial Average closed at 52,389.75 points on November 9, up 2.2%.

Important Events in the Past 24 Hours

1. A whale with approximately $140 million in BTC and ETH long positions was liquidated, realizing a loss of over $49 million

According to on-chain analyst Yu Jin, a whale that previously held approximately $253 million in long positions faced massive liquidation during the market downturn, with about $140 million in BTC and ETH long positions forcibly closed, realizing a loss of over $49 million.

2. Bitcoin falls below Strategy's average purchase price, with unrealized losses of about $500 million

According to The Defiant, Bitcoin has fallen below Strategy's average purchase cost of $75,451 per coin. Strategy holds 849,327 BTC, with a purchase cost of $64.08 billion, and the current position value is approximately $63.58 billion, about $500 million lower than the purchase cost.

Meme Popularity Rankings

According to data from the meme token tracking and analysis platform GMGN, as of November 10, 08:00

The top five popular tokens for ETH in the past 24 hours are: SEPPUKU, MAX, cirBTC, DACITY, GTA6

The top five popular tokens for Solana in the past 24 hours are: PUSSY, BTC, STONK, FLOAT, TREMP

The top five popular tokens for Base in the past 24 hours are: AXIS, AERO, Coinbank, NVDAc, SOL

The top five popular tokens for BSC in the past 24 hours are: Awesome, BNCB, GM, GANG, JAGENT

What are the Must-Read Articles in the Past 24 Hours?

NVIDIA's Jensen Huang's full apology letter regarding extramarital affair and board investigation announcement

NVIDIA founder and CEO Jensen Huang sent an email to employees apologizing for personal disloyalty and stated he would fully cooperate with the independent investigation initiated by the board. The board's statement mentioned that an independent committee has been established to review related national security concerns, but emphasized that there is currently no evidence of compromised confidentiality.

After the U.S. stock market crash, "Cathie Wood": The more the market worries, the more optimistic I am; the bull market is not over

As the Nasdaq enters a correction phase, Cathie Wood stated that the prevailing market worries make her more confident about the continuation of the bull market. She attributed the current adjustment to pressures in the bond market and controversies over AI capital expenditures, but emphasized that the technological revolution is still underway and revealed that ARK has taken advantage of the situation to increase positions in high-confidence assets like SpaceX, expecting the stock market to perform well in 2027.

CICC: Has the U.S. stock market reached its bottom?

CICC believes that this rapid clearing may not be bad for the long-term trend, but to regain upward momentum, two catalysts are needed: a significant breakthrough in AI or the Federal Reserve ending its tightening policy, or even shifting to easing.

Coinbase details its security strategy: Over 99% of customer assets are stored in cold wallets

Coinbase responded to the Binance hot wallet security incident: over 99% of customer assets are stored in cold wallets, with private key sharding, transfer speed limits, anomaly detection, and emergency stop mechanisms forming a multi-layered defense.

Interpreting the State Council's Financial Work Report: Is RWA an illegal financial activity?

Central Bank Governor Pan Gongsheng presented the financial work report to the National People's Congress Standing Committee, mentioning "strengthening the regulation of tokenization of real-world assets (RWA)." Lawyer Liu Honglin interprets: does this equate to classifying RWA as illegal financial activity?