ChainCatcher message, QCP's analysis states that BTC is currently stable at a high level of 90,000 USD, with market risk sentiment improving and the expectation of a rate cut in December rising to 85%. However, macro signals remain complex, inflation is still high, and labor data is weak.
Warning signals have appeared in the AI credit sector, with credit default swaps (CDS) widening, raising concerns about rising accounts receivable and inventory at Nvidia. The capital flow in cryptocurrency shows a similar trend: ETFs continue to see outflows, and most products are trading below their net asset value. MicroStrategy's strategy is under scrutiny again, as its BTC holdings approach breakeven, and its stocks have been added to the MSCI delisting watch list.
The options market shows cautious sentiment, the correlation between Bitcoin and AI stocks has increased, and the fear and greed index has decreased. Technically, Bitcoin is around 95,000 USD.