Murphy
Murphy|Nov 05, 2026 15:40
This sharp drop in BTC was entirely driven by the US stock market. I checked all the data and found nothing unusual. During the decline, Coinbase didn't show any strong, proactive selling pressure, nor did it see a large influx of external tokens. There was only a transfer of 2980 tokens into LTH at 6 PM tonight, but that's not considered significant selling pressure; while STH remained almost completely still. Can anyone tell me what's wrong with the US stock market? If it were due to the midterm election results and the market pricing in a slowdown in data center construction, it should have fallen yesterday.
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