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1Bitget Daily Digest (Nov 5) |BTC Drops Below $100K Amid Market Panic; Chainlink Conference Focuses on TradFi–DeFi Integration; Perp DEX October Volume Hits $1.75 Trillion2Research Report|In-Depth Analysis and Market Cap of Momentum (MMT)3Bitcoin (BTC) Testing Key MA Fractal Support — Will It Repeat the Bounce Back?
Flash
- 18:14In the past 24 hours, the total liquidations across the entire network reached $1.603 billions, mainly long positions.BlockBeats News, November 6, according to Coinglass data, the total liquidations across the network in the past 24 hours reached $1.603 billions, with long positions liquidated for $1.195 billions and short positions liquidated for $408 millions.
- 18:14Federal Reserve Governor Milan: The ADP data is a pleasant surprise, and the trend in the U.S. job market seems to persist even before the government shutdown.BlockBeats News, November 6, Federal Reserve Governor Milan stated that the ADP data was a pleasant surprise, and the employment market trends before the U.S. government shutdown still seem to persist. (Golden Ten Data)
- 18:14Galaxy Head of Research: Bitcoin Year-End Target Price Lowered from $185,000 to $120,000BlockBeats News, November 5, according to CoinDesk, Galaxy Digital Head of Research Alex Thorn wrote in a report to clients on Wednesday morning: "While the structural investment logic for bitcoin remains solid, cyclical dynamics have changed." Thorn pointed out that multiple factors have created market resistance, including: whale distribution, declining interest in bitcoin-related investments, capital rotation into other investment themes such as gold, artificial intelligence (AI), and stablecoins, as well as "sluggishness" among treasury companies. As a result, he lowered his year-end target for bitcoin from $185,000 to $120,000.