Crypto Morning Brief * Important information you can't miss daily * November 21, 2025
1. Non-farm employment in September unexpectedly increased by 119,000, while the unemployment rate rose to 4.4%, the highest in four years. The Federal Reserve's rate cut decision has become more complex, and the interest rate market continues to price in no rate cut in December;
2. The three major US stock indexes fell together, with the Dow Jones Industrial Average down 0.84%, the S&P 500 down 1.55%, and the Nasdaq Composite down 2.15%. NVIDIA(NVDA.O) opened high and then declined, ending down by 3.1%;
3. F

The most money I've ever made was not because I saw the right direction, but because I recognized mistakes faster than everyone else.
The market is always right; the more stubborn you are in being wrong, the worse it will end for you.
His most classic operation:
Shorted the pound with Soros in 1992 and made 1 billion USD;
In 2008, he shorted early and left Bridgewater and Soros behind; in 2022, he sold US stocks early and shifted to cash, perfectly avoiding that round of the big bear.
The original words of Druckenmiller:
The best investors are the ones who are the most humble in front of t

#BTC ETF
From November 13 to November 18, Bitcoin ETF experienced an unprecedented consecutive large-scale net outflow, with approximately $1.98 billion flowing out in just these four days ($869M + $492M + $254M + $372M).
The net inflow of $75.47M on November 19 is a brief respite or a buying opportunity after such a large-scale sell-off, but its scale is much smaller than the outflow in the previous days and is not enough to reverse the ongoing sell-off trend.
#ETH ETF
The performance of the Ethereum ETF has been weaker than that of Bitcoin. Since November 10, the ETH ETF has been in a sta

The demand for Bitcoin accumulation addresses (buy only, no selling) has reached an all-time high, with a net increase of 375,000 BTC in the past 30 days, reflecting the confidence of long-term holders.

Orange Evening Interpretation 11.19
It turns out that the drop in Bitcoin during the day yesterday was a prediction of the performance of the US stock market at night. Last night, the three major US stock indices collectively plummeted, hitting a new low in nearly a month.
The Shanghai Composite and NASDAQ fell over 1%, while the S&P experienced its longest losing streak in nearly three months with four consecutive declines. In contrast, Bitcoin staged a rebound last night, soaring above 93,000, clearly aiming for a double explosion in both bullish and bearish directions.
Today, Bitcoin starte

Crazy Thursday is coming, are you scared or not?
Key events (Beijing time):
03:00 | Release of the Federal Reserve FOMC October meeting minutes (Eagle and Dove signals galore)
03:00 | FOMC Permanent Voting Member and New York Fed President Williams speaks (Policy Outlook Insights)
05:00 | NVIDIA (NVDA) after-hours Q3 earnings report (Sustaining the AI frenzy? Revenue expectation of $55.2 billion, EPS $1.26)
21:30 | U.S. September unemployment rate (last month 4.1%, seeking stability amid change?)
21:30 | US September seasonally adjusted non-farm employment (expected +140,000, will exceeding ex

Pain + Reflection = Progress.
The market is not your enemy; it is your teacher.
Every loss teaches you a lesson you haven't learned yet.
If you do not reflect, you will forever repeat the same mistakes.
His life formula: believe that "principles" drive everything.
In trading, build your "Holy Grail" system: test, iterate, execute, and ruthlessly cut losses.
Don't let emotions dominate; data and history should be your compass.
The essence of trading is not to avoid pain, but to rise from it.
Treat each transaction as a lesson, and you will transform from a noob into a hunter.
——Ray Dali

#Gemini 3 pro is pretty cool, I asked it to demonstrate the operating principle of Bitcoin, and it quickly generated an animation for me~
The birth of Gemini 3 pro has reached a new level, with interactions evolving from purely text-based to simple and easy-to-understand dynamic animations~
All of the above are the simplest, and it can also help you handle the front-end display, the UI can be managed, directly creating an app for you, and it can also interact directly~
You can experience aistudio directly~

Orange Evening Interpretation 11.18
The big coin ultimately couldn’t hold the 90,000 level, but it’s not a big deal. The experience I’ve gained from the crypto market over the years is that whether the big coin rises or falls, it always manages to exceed your expectations. So, never use previous price points to gamble on future prices, or you’ll end up in a terrible situation. Recently, several whales that have been active in the hype have fallen, and there’s even a joke circulating online that after this wave, there will be no more friends in the world.
This big cut has really lost a lot, wit

Wall Street is never short of geniuses; what it lacks are those who can remain rational for a lifetime.
The biggest scam in the market is to make you believe:
This time is different from before.
There has always been only one thing that can truly determine your life or death:
Can you still stick to your most boring discipline when your emotions are at their highest?
He left a final message before jumping off the building in bankruptcy:
"Every penny I lost was because I thought I finally outsmarted the market."
It is never IQ that wins in trading, but rather extreme restraint against arrogance.

Originally 1USDJ = 1USDT
Now 1 USDJ = 1.55 TRX = 0.45 USDT

Encryption Daily * Important information not to be missed every day * November 18, 2025
1. Spot gold plunged during the session, falling for the third consecutive trading day, dropping nearly 100 dollars from the daily high, ultimately closing down 0.83%;
2. The three major U.S. stock indices all fell, with the Dow Jones down 1.18%, the S&P 500 down 0.9%, and the Nasdaq down 0.84%. Apple ( AAPL.O ) and Nvidia ( NVDA.O ) fell around 2%, while Coinbase ( COIN.O ) dropped 7%;
3. Federal Reserve Governor Waller: Supports a 25 basis point rate cut in December, which will provide additional support

BlackRock #BlackRock 10月底开始疯狂出售 #BTC, there may be secrets behind this that retail investors are unaware of, but for now, no one knows the exact reason. When retail investors find out the truth, that will be the time to buy the dip~
The highest position was 806,000 coins, and now I hold 795,000 coins. Just looking at the reduction data, it's actually not bad; it just depends on whether there will be continued reductions in the future~

The biggest mistake of my life was not losing 90% on a certain occasion, but instead treating the money I earned after making a 90% profit as if it were mine.
A true expert always sees profit as money from the market, temporarily stored in your account.
The sooner you realize that this is not your money, but just what the market lends you to play a bigger game, the less likely you are to get liquidated at the peak.
The end of trading is a profound respect for human nature.
Treat every profit as chips borrowed from the market, rather than your own ability, and you will be able to live longer an