Gate Research Weekly Review & Outlook: This week, as Trump’s key appointments take shape, Bitcoin (BTC) has surged to a record high of $93,000, marking its entry into the $90,000 era. The futures market shows strong bullish sentiment, with call options dominating 63.37% of open interest. The Zoo-Themed sector experienced a remarkable surge, posting a 430.5% increase over the past week. DeltaPrime suffered another attack, resulting in significant on-chain fund movements. In an interesting development, the government of Bhutan revealed its holdings of 12,574 Bitcoins, valued at over one-third of the country’s GDP. On the funding front, 19 projects successfully raised a total of $139.55 million this week.

Market Analysis: As Trump’s key appointments take shape, BTC has reached a peak price of $93,000, officially entering the $90,000 era. Short-term market sentiment is bullish, with open interest in futures showing a 63.37% dominance of call options, reflecting investor optimism for the market’s outlook.

Weekly Spotlights: The U.S. Department of Justice has launched an investigation into the prediction market Polymarket, to which the CEO has responded publicly. DeltaPrime has faced another attack, leading to significant on-chain fund movements.

Data Highlights: In the crypto market, liquidation data shows over $850 million was cleared in the past 24 hours, affecting as many as 252,580 traders. Additionally, Dune Analytics introduced a new metric, the Dune Index, to provide real-time tracking of blockchain adoption.

Market Opportunities: A notable airdrop project to watch this week is CLND. Colend, the top decentralized lending protocol on the Core blockchain, one of the fastest-growing Bitcoin sidechains, innovates with its unique ve(3,3) governance model, giving users substantial influence over reward distribution.

What to Watch Next Week: On November 15, the Hong Kong Stock Exchange will launch its Virtual Asset Index Series, marking a step forward in the integration of traditional finance with the crypto market. The G20 Summit will take place from November 18-19, focusing on global economic and financial policy coordination.

Deep Dive into This Week’s Review 👉🏻 Gate Research: BTC Enters the $90K Era, PNUT Leads Gains, Zoo-Themed Sector Surges 430%

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Gate.io Team
Nov 15th, 2024