Bitget Daily Briefing (November 27) | The number of initial jobless claims for the week of November 22 recorded 216,000; Nasdaq ISE proposed to raise the IBIT options position limit to 1 million contracts; S&P Global downgraded the stability rating of USDT to the lowest tier, warning of Bitcoin exposure risks

Today's Outlook

1. SpaceX has transferred 1,163 BTC to a new address, worth approximately $105 million.
2. The IBIT holdings of BlackRock's SIO fund have increased to 2.39 million shares, a quarterly increase of about 14%.
3. Vitalik donated 128 ETH each to Session and SimpleX to support privacy communications.

Macro & Hot Topics

1. The number of initial jobless claims in the U.S. for the week ending November 22 was recorded at 216,000, the lowest since the week of April 12, 2025.
2. JPMorgan economists have changed their forecast, believing that the Federal Reserve will start cutting interest rates in December, reversing the bank's judgment a week ago that policymakers would delay rate cuts until January next year.
3. Federal Reserve Beige Book: Economic activity has remained largely unchanged in recent weeks, with increasing polarization among consumers.
4. Jinshi: On November 26 local time, the U.S. Trade Representative's office announced that the U.S. would extend the exemption period for some tariffs on China until November 10, 2026, including tariffs established under Section 301 investigations related to technology transfer and intellectual property issues. The existing exemption was originally set to expire on November 29 of this year.
5. K33 Research Director: The Bitcoin sell-off is nearing its end, presenting a good opportunity for positioning.

Market Trends

1. In the past 24 hours, the cryptocurrency market saw a total liquidation of $276 million, with $197 million from short positions. The total liquidation amount for BTC was $90 million, for ETH it was $46 million, and for HYPE it was $33 million.
2. U.S. stocks: The Dow Jones rose by 0.67%, the S&P 500 rose by 0.69%, and the Nasdaq Composite rose by 0.82%.
   
3. Bitget BTC/USDT liquidation map shows: BTC's current price is below $90,895 (approximately $85,000--$89,000) with a dense distribution of high-leverage long positions at 50--100 times. A downward fluctuation will trigger a series of long liquidations. Above $91,200 begins the accumulation of short liquidation zones; if it breaks above this range, shorts will face passive liquidation pressure.
   
4. In the past 24 hours, BTC spot inflow was $278 million, outflow was $209 million, with a net inflow of $69 million.
   

News Updates

1. DWF Labs launched a $75 million DeFi investment fund.
2. Vitalik proposed increasing gas costs for inefficient operations to address network scalability.
3. Analyst @ai_9684xtpa: An ancient ETH whale that interacted with the Ethereum Foundation 10 years ago is accumulating. Yesterday, he bought 7,318.56 ETH on-chain at an average price of $3,016.09, worth $22.07 million.

Project Progress

1. The Block: CryptoQuant pointed out that after Bitcoin's price fell below $80,000 last week, the amount of Bitcoin transferred to exchanges by large holders surged.
2. SpaceComputer completed a $10 million seed round financing for secure blockchain computing from space.
3. Securitize received EU approval to operate a tokenized trading and settlement system, selecting the Avalanche blockchain.
4. The Block: The modular blockchain platform Avail has launched its cross-chain execution layer Nexus mainnet, supporting multiple ecosystems including Ethereum, BNB Chain, and Base.
5. Nasdaq ISE proposed to raise the IBIT options position limit to 1 million contracts.
6. Vitalik responded to "Is there a planned economy?": Gas usage is still determined by the market.
7. Upexi plans to raise $23 million through a targeted issuance to strengthen its SOL treasury strategy.
8. Bitwise launched the Bitwise Dogecoin ETF on the NYSE, with the ticker "BWOW."
9. CleanSpark: Fiscal year 2025 revenue doubled to $766 million, with a net profit of $365 million.
10. S&P Global downgraded USDT's stability rating to the lowest tier, warning of Bitcoin exposure risks.
    **Disclaimer: This report is generated by AI, with human verification for information only, and does not constitute any investment advice.