ChainCatcher news, the rise of the "Trump trade" in November has become a dominant factor driving global market trends. According to 4E monitoring, last week all three major U.S. stock indices rose, with weekly gains exceeding 1%. In November, the Dow Jones increased by 7.5% and the S&P rose by 5.7%, both marking the largest single-month gains of the year, while the Nasdaq accumulated over 6%. Large tech stocks saw widespread gains, with Tesla rising over 38% in November, achieving its best performance in nearly two years, and Nvidia accumulating a 179.23% increase this year. So far this year, the S&P 500 index has risen over 27%, compared to a 24% increase last year, leading to differing views on the outlook for U.S. stocks.The cryptocurrency market performed impressively in November, attracting widespread global attention. Bitcoin's monthly increase exceeded 37%, while Ethereum's rise reached 54%. Altcoins experienced significant gains at the end of the month, with market share continuously expanding; Bitcoin's market share has dropped by 8.15% from the peak of this bull market (61.78% on November 21), while the total market capitalization of altcoins rose nearly 70% in November. Historical data shows that Bitcoin has a significant average increase in December during the second half of the year, combined with the fact that most of Trump's cabinet are cryptocurrency investors, leading to strong bullish sentiment in the market.In the foreign exchange market, the dollar fell by 1.67% last week, ending an eight-week streak of gains, with a cumulative increase of 1.72% in November. The "Trump trade" boosted the dollar in November, hindering gold's upward momentum and triggering a sell-off after the election; spot gold fell about 3.7% in November, marking the largest monthly decline since September of last year. Oil prices continued to decline last week, with a weekly drop of over 3%.In recent weeks, investors have focused on Trump's various economic policies, but at the same time, the expectations for interest rate cuts by the Federal Reserve have also become quite nuanced. While the market expects an increased probability of a rate cut in December, the space for cuts in 2025 is continuously decreasing. The "near increase, far decrease" phenomenon largely reflects anxiety about the resurgence of inflation under a future Trump administration. This Thursday's speech by Powell and Friday's non-farm payroll data will largely set the tone for year-end rate cuts.eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, precious metals, and foreign exchange. Recently, it launched a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher news, according to The Block, Deribit CEO Luuk Strijers stated: "As the U.S. elections approach, we are observing heightened market expectations, with approximately $3 billion in options open interest set to expire on November 8, including Bitcoin call options with strike prices of $70,000, $75,000, and $80,000, indicating relatively strong bullish sentiment."

ChainCatcher news, K33 Research senior analyst Vetle Lunde stated that the CME Bitcoin futures open interest reached a nominal all-time high yesterday, totaling 172,430 BTC. With the significant increase in open interest, the futures premium has risen to a 5-month high.The analyst believes that the growth in open interest is driven by active/direct market participants, rather than inflows from futures-based ETFs.

ChainCatcher news, on-chain analytics company Glassnode stated that the Bitcoin market is still in a long-term consolidation phase, which is very similar to the period from late 2019 to early 2020.Since the historical peak in March, the capital inflow into the Bitcoin network has slowed down, posing challenges to the profitability of short-term holders. However, despite experiencing local net capital outflows, new investors' confidence in the market remains quite strong, and a very mild bullish preference has also emerged in the perpetual futures market in recent weeks.

ChainCatcher message, Santiment published data on social media stating that after a 22% increase in Bitcoin price over the past 3 weeks, bullish sentiment has quickly replaced bearish sentiment, with traders expecting the price to reach $70,000 soon.If investors are waiting to see Bitcoin hit a new all-time high, they may need to wait until people lower their expectations. Currently, the number of bullish views significantly outweighs bearish views. However, historically, the market always moves in the opposite direction of crowd expectations.

ChainCatcher news, according to Decrypt, based on data from CoinGlass, despite the recent market crash, the funding rates for Bitcoin and Ethereum contracts remain bullish.On Tuesday morning, the funding rate for Bitcoin's open contracts was 0.0024%. This indicates that there are more traders opening long positions than those opening short positions. Therefore, measured by Bitcoin derivatives activity, the current market sentiment remains slightly above negative sentiment. The price crash has not completely eliminated the bullish sentiment among Bitcoin holders.

ChainCatcher news, QCP Capital stated that in the past two days, there has been an unusually large sell-off in the BTC and ETH Perp-June Basis, causing the entire forward curve to compress to 15-17%.They suspect that this liquidity may be related to Ethena, or it could be large investors reducing leverage positions while squeezing high forward yields.Additionally, despite the relatively small price fluctuations over the past week, they have observed an increase in bullish sentiment for BTC. The main reasons include increased inflows into BTC spot ETFs, positive news about traditional financial institutions joining Blackrock's ETF, significant purchases of BTC call options, reduced BTC leverage, and the upcoming BTC halving event.