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BTC $77,501.05 +2.89%
ETH $2,431.92 +3.07%
BNB $642.00 +0.83%
XRP $1.49 +1.91%
SOL $89.25 -0.53%
TRX $0.3272 +0.27%
DOGE $0.1001 +1.15%
ADA $0.2611 +0.64%
BCH $455.25 +1.93%
LINK $9.68 +0.59%
HYPE $44.35 +1.13%
AAVE $117.13 +0.29%
SUI $1.01 +1.66%
XLM $0.1748 +4.12%
ZEC $329.20 -4.21%

soaring

The "Pizza Index" shows fluctuations again, with orders from stores around the Pentagon soaring to 227%

The "Pizza Index," humorously referred to as the "barometer" for U.S. military actions, has once again shown abnormal fluctuations. The latest data from the monitoring account Pentagon Pizza Watch indicates that the order volume at the Domino's Pizza located about 1.4 miles from the Pentagon surged to 227% of normal levels on Monday evening, raising the alert level to "DOUGHCON 4."Comparing with surrounding stores, some pizza shops reported being "exceptionally busy," while others remained "quiet" or closed, displaying a structural increase in volume. The relevant monitoring model suggests that the sudden spike in orders in this area is typically associated with increased overtime work within the Pentagon.Historically, the "Pentagon Pizza Index" has shown unusual movements before several significant international military actions. Abnormal changes in this index were observed prior to the U.S. military action against Venezuela in January this year, as well as during the escalation of tensions involving Iran.Market analysis points out that the logic behind this index is based on the assumption that when the Pentagon's high-level operations center is dealing with sudden international crises or military deployments, staff work longer hours, leading to a significant increase in nighttime delivery orders. Therefore, this data is viewed by some observers as an alternative forward-looking signal of geopolitical risk. Currently, there has been no official statement from the U.S. regarding related military movements. The market is closely monitoring the evolution of the situation in the Middle East and potential risks of military escalation.

4E: Bitcoin erases its gains for the year, with soaring correlation and a retreat of funds suppressing the market

In the context of an intensified crypto bear market and a cooling risk appetite, Bitcoin has completely erased all gains since the end of last year. In the early hours of Monday, BTC fell below $93,600, reaching below the opening price at the beginning of the year. Bitwise CIO Matthew Hougan pointed out that major buyers—including ETF allocators and institutional debt allocators—have been continuously withdrawing over the past month, leading to the emergence of the capital outflow effect that originally supported BTC's all-time highs. In just 41 days, the total market capitalization of the crypto market has evaporated by $1.1 trillion. Although the current liquidation scale is about 10% lower than the peak on October 10, the risk sentiment remains fragile.At the same time, the correlation between Bitcoin and U.S. tech stocks has rapidly increased. Data from the Kobeissi Letter shows that the 30-day correlation between BTC and the Nasdaq 100 has risen to 0.80, a new high since 2022, with a five-year correlation also reaching 0.54. Bitcoin is behaving more like a "high-beta tech stock" rather than an independent macro hedge asset.While sentiment is under pressure, external structural changes are also worth noting. The global ETF issuance reached 137 new funds in October, with 15 new cryptocurrency ETFs, more than double that of September. The total number of global ETFs issued this year has reached 918, and it is expected to exceed 1,100 for the entire year, setting a new historical record.In terms of market views, BitMine Chairman Tom Lee emphasized that although BTC has experienced multiple rounds of deep declines, it is still in a super cycle level over the past decade, and he believes Ethereum is entering a similar path. Arete Capital partner McKenna pointed out that BTC may have a short-term downside risk of up to 31%, with key support levels at $96,200, $93,300, and the $86,000-$91,000 range. He expects that it may be difficult to reach new highs within 2025, but with institutional accumulation and ETF capital driving it, BTC is expected to break through $200,000 before the end of Trump's term.4E reminds investors: The market is currently under "triple pressure" from macro risk aversion, capital withdrawal, and increased correlation with tech stocks. The mid-to-long-term logic for BTC remains unchanged, but short-term volatility may continue to amplify, necessitating attention to capital flows, changes in correlation, and the stability of key support areas.

MNT performed brilliantly on Bybit, with quarterly trading volume soaring 450% to reach a record high

ChainCatcher news, Bybit announced today that due to the comprehensive advancement of the Bybit x Mantle roadmap, Mantle (MNT) has shown strong performance in the third quarter, becoming one of the fastest-growing and most actively traded assets on the platform.Data shows that MNT's average daily trading volume on Bybit has increased by over 450% quarter-over-quarter, far exceeding the overall growth rate of the platform, demonstrating high user engagement and strong market confidence. Meanwhile, MNT's average assets under management (AUM) have grown nearly 300% quarter-over-quarter, reflecting investors' long-term optimism and continuous capital inflow.The deep strategic cooperation between Bybit and Mantle continues to yield results in enhancing liquidity, product integration, and user accessibility.Emily Bao, Bybit's Head of Spot and a key advisor to Mantle, stated: "MNT's outstanding performance on Bybit reflects the maturity of the Mantle ecosystem and the high enthusiasm of users. This growth stems from real application value, solid fundamentals, and a vibrant community. Bybit will continue to work hand in hand with Mantle to provide users with deeper liquidity, better tools, and richer participation opportunities."Currently, MNT's market capitalization has surpassed $6 billion, with its price doubling since August. With a robust technical architecture and global community support, MNT is continuously expanding its ecological footprint in areas such as DeFi and payments.Bybit will continue to support the long-term development of high-potential assets like MNT through advanced trading tools, educational resources, and joint activities, driving innovation and inclusivity in the crypto ecosystem.
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