On November 9th, according to data from BitInfoCharts, a Bitcoin whale address starting with bc1qvh transferred another 1000 BTC within two days, holding a total of 13598 BTC (approximately $484 million). Previously reported by Golden Finance, this whale address has accumulated over 13,000 BTC since January 17th of this year, with a paper profit of approximately $100 million.

David Bailey, CEO of Bitcoin Magazine, posted on X that in the past 24 hours, 16,000 bitcoins (worth about $572 million) have left Binance and are still increasing.

The market showed BTC breaking through $36,000, now reporting at $36,033 with a daily increase of 1.73%. The market is volatile, please take risk control measures.

As NFTs related to Bitcoin (called Ordinals) are on the rise, Bitcoin transaction fees have soared to their highest level since the Meme coin frenzy in May last year. BitInfoCharts data shows that the average transaction fee for using the Bitcoin blockchain today is $6.84, up about 970% from the low point of $0.64 reached in August. In a report on Wednesday, digital asset management company 21Shares pointed out that this surge is driven by an increase in the number of Ordinals being minted, with nearly 1.9 million Ordinals uploaded to the blockchain in the past two weeks.

Ordinals Wallet posted on X platform stating that Bitcoin's 24-hour NFT sales volume has surpassed Ethereum's for the first time in history.

Greeks.live has published an analysis on the X platform, stating that as the rise of BTC slows down, short-term IV and RV are both decreasing. However, the volatility risk premium (VRP) of all major terms is still high, mostly exceeding 15%. VRP measures the current market's expectation of volatility, indicating that the market believes that future volatility may increase. The BTC price is currently at the end of its uptrend, and may choose a direction in the near future.

Alexander Blume, the managing partner of investment advisor Two Prime, stated that since September, we have seen a demand of about $2 billion for Bitcoin collateralized loans. So far, about 85% of the loans issued by Two Prime are collateralized by Bitcoin, while the rest are collateralized by Ethereum and other cryptocurrencies.

ZeroSync project leader and BitVM developer Robin Linus posted on social media that we have just broadcasted the first mainnet transaction of Blake3 hash lock implemented in Bitcoin Script. Prior to this news, Robin Linus previously published a white paper titled "BitVM: Compute Anything On Bitcoin". BitVM is an abbreviation for "Bitcoin Virtual Machine", which proposes a Bitcoin contract solution that can achieve Turing completeness without changing the consensus of the Bitcoin network.

Wu Jihan's mining company Bitdeer announced an update on its operations for October 2023. As of October 31st, the company's total managed hash rate (including self-mining, cloud mining, and hosting) reached 21.2 EH/s, with 462 BTC mined (only through self-mining). Among them, the Gedu data center in Bhutan provided 3.3 EH/s of hash rate and mined 211 BTC, accounting for 46% of the total BTC mined that month. The total power capacity of the six mining data centers remained stable, totaling 895 MW. In addition, the company has made progress in the 175 MW immersion cooling data center in Norway, which is expected to be completed in 2025.

Bitcoin experienced a nearly 3% spike to $35,500 due to a short squeeze, while solana led the gains in altcoins. The cryptocurrency market cap reached its highest level since May 2022, totaling $1.3 trillion. K33 analyst recommends aggressively accumulating bitcoin in November. Altcoins such as Solana, Toncoin, and Crypto.com's Cronos ecosystem token gained 5%-10%, while Binance's BNB, Ripple's XRP, Cardano's ADA, and Dogecoin (DOGE) retreated 3%-4%. The CoinDesk Market Index (CMI) increased by 1%. The total cryptocurrency market capitalization reached $1.31 trillion, supported by increasing risk-on sentiment on traditional markets. K33 Research noted that capital rotation into altcoins is creating a "mini altcoin season," while accelerating inflows into bitcoin-related funds provide support for BTC's price.

The market shows BTC breaking through $35,500, currently trading at $35,508.2, with an intraday increase of 1.55%. The market is volatile, please be cautious of risk control.

Whale Alert monitoring shows that at 22:53:04 today Beijing time, 3,654 BTC ($127,273,022) was transferred from an unknown wallet to Bitfinex.

On November 7th, Bitdeer publicly released its unaudited mining and operational updates for October 2023 on its official website. In October, Gedu data center provided 3.3EH/s of computing power and mined 211 bitcoins, accounting for about 46% of the total bitcoins mined in that month. The number of bitcoins mined in October 2023 increased by 173.4% compared to the same period last year. The number of bitcoins mined in October 2023 decreased by 4.1% compared to September 2023, mainly due to the increase in the total computing power of the Bitcoin network. The company generally does not hold cryptocurrencies obtained through its mining business and promptly converts them into fiat currency.

On November 7th, data analysis platform Glassnode stated that as the amount of Bitcoin held by long-term investors reaches a historic high, the supply of Bitcoin is in a historically tight state.

According to Coinglass platform data, the current open position of Bitcoin exceeds 15 billion US dollars, reaching 15.64 billion US dollars. Among them, Binance exchange has the largest proportion, reaching 4.096 billion US dollars; CME ranks second, reaching 3.656 billion US dollars; Bybit ranks third, reaching 2.776 billion US dollars.

According to Whle Alert monitoring, 1,500 BTC (valued at $52,128,992) was transferred from an unknown wallet to Coinbase at 21:05 Beijing time, as reported by DeepChain TechFlow.

Bitfarms Ltd., a Bitcoin mining company, has released its financial performance for the third quarter ending September 30, 2023. Out of the 398 BTC mined in October 2023, 341 BTC have been sold, generating revenue of $10 million. The remaining 57 BTC will be added to the treasury, increasing the amount of BTC held in custody to 760 BTC. Based on the BTC price of $34,200 on October 31, 2023, the total value is $26 million.

On November 7th, according to BTC.com data, the Bitcoin network has not produced a block for over 1 hour. The latest block, 815,689, was mined at 16:47:07, reported by AntPool.

Cryptocurrency writer Scott Dedels stated on X that a bank blocked two Bitcoin transactions without providing any "specific" reason. Dedels now hopes people can withdraw their funds and argues that financial institutions should not control how customers decide to use their money. It is currently unclear which bank blocked Dedels' Bitcoin purchases. However, the author claims it was one of the "Big Five" Canadian banks. An insider revealed that more and more Canadian banks are keen to bolster their balance sheets. In this effort, banks are becoming increasingly sensitive and hoping to retain more funds to improve their lending capacity. This "sensitivity" explains why more and more banks are prohibiting the transfer of funds to cryptocurrency.

According to BTC.com data, on November 7th, the total network transaction fee for Bitcoin reached 74.439 BTC, continuing the growth trend since November 3rd. Compared to the single-day total network transaction fee of 18.12 BTC on October 30th, which was more than 4 times higher.