Gate Latest Crypto Assets Market Analysis (November 3): Bitcoin 107,000 Bull vs Bear Battle, investors' cautious sentiment is obvious.

On November 3, the analysis of Crypto Assets market shows that Bitcoin is currently priced at $107,000, with a 24-hour fall of 0.92%. The daily Trading Volume is $8.3 billion, and institutional investments continue to drive the amount of coins held by listed companies to exceed 1 million. In terms of alts, ZBAI has experienced a big pump of 48.78% in a single day. The Fear and Greed Index is at 42 points, indicating a “fear” zone, and investor sentiment is clearly cautious.

Bitcoin holds at $107,000, institutional holdings surpass one million coins

The current price of Bitcoin is $107,000, with a 24-hour fall of 2.41%, and a price range of $109,400 to $111,200. The 24-hour trading volume is $8.3 billion. Institutional investments continue to drive public companies' holdings of coins to surpass 1 million, marking an important milestone. Public companies hold 1 million Bitcoins, which at the current price is approximately $109.5 billion, demonstrating that institutional confidence in Bitcoin as a reserve asset continues to strengthen.

The technical indicators show that Bitcoin is oscillating around $110,000, with intensified long and short battles. From the analysis of Crypto Assets market trends, a daily Trading Volume of $8.3 billion is considered a healthy level, indicating good market liquidity. In terms of price stability, the 24-hour volatility is within 2%, relatively stable, and such low volatility often occurs during the consolidation phase before a trend choice.

The current fear index is at 42 points, within the “fear” range, indicating a clear cautious sentiment among investors. This sentiment contrasts with the relative stability of prices, showing that the market is building a bottom. Historical experience shows that when the fear index is in the 40-50 range, it often represents a mid-term buying opportunity, as overly pessimistic sentiment has already been reflected in prices.

Bitcoin Core Data (November 3)

Current Price: 109,500 USD (24h fall 0.92%)

Price Range: 10.94-11.12 thousand USD (fluctuation of about 1.6%)

24h Trading Volume: 8.3 billion USD (good liquidity)

Institutional Holdings: The amount of coins held by listed companies has exceeded 1 million pieces (valued at approximately 10.95 billion USD)

Technical Status: Fluctuating around 110,000 USD, intensifying the battle between bulls and bears.

Ethereum Trading Volume Surpasses Bitcoin, Ecosystem Activity Increases

Ethereum's current price is $3,830, with a 24-hour decline of 1.93%, and a price range of $3,828-$3,917. The 24-hour trading volume is $4.76 billion. In terms of market dynamics, the spot trading volume in August has surpassed BTC for the first time, indicating increased ecosystem activity. This is an important milestone, showing that Ethereum is not only leading in on-chain activities (DeFi, NFT, etc.) but is also starting to surpass Bitcoin in spot trading activity.

Technical indicators show that Ethereum is fluctuating around $4,300, with active institutional trading. The current price of $3,830 has about 12% upside potential to $4,300, which is an important resistance level in the short term. From the analysis of crypto asset market trends, the $165 billion stablecoin reserves on the Ethereum chain provide strong fundamental support for its price.

Compared to Bitcoin, Ethereum's fall is greater (1.93% vs 0.92%), indicating a higher volatility. This characteristic often allows Ethereum to outperform Bitcoin during pumps, but it also falls deeper during declines. For traders with a higher risk appetite, Ethereum offers greater short-term trading opportunities.

Institutional trading activity is another highlight for Ethereum. Large institutions are increasing their Ethereum allocation through spot ETFs and on-chain DeFi protocols. The staking yield of Ethereum (around 3-5% annualized) provides institutions with an additional source of income, which is an advantage that Bitcoin cannot offer.

Alts surge, ZBAI leads with a 48.78% increase

There is a significant differentiation in the altcoin market. ZBAI has a 24-hour pump of 48.78%, with a price of 0.000005 USD and a trading volume of 13,000 USD, experiencing high volatility. MIDLE has a 24-hour pump of 42.64%, with a price of 0.00009962 USD and a trading volume of 13,000 USD, showing strong speculation. H3S has a 24-hour pump of 29.95%, with a price of 0.02152 USD and a trading volume of 81,700 USD, with a leverage multiplier of 3.2.

The common characteristic of these alts is that they have extremely low trading volume (with a maximum of only $81,700), indicating a severe lack of liquidity. In cryptocurrency market analysis, although the price increase of low liquidity alts can be astonishing, the risks are extremely high. Such price increases are often manipulated by a few large holders, making it difficult for ordinary investors to sell at high prices.

The leverage multiple of H3S is 3.2, which means that the token supports leveraged trading, further amplifying volatility and risk. Leveraged trading can amplify profits in a bull market, but it can also lead to liquidation when the market reverses. For such high-leverage alts, it is recommended to participate with only a very small position and set strict stop losses.

From the market structure perspective, mainstream coins are relatively stable while alts experience significant fluctuations, which is a typical characteristic of the market hesitation period. When investors are unclear about the direction of mainstream coins, some funds will flow into low market cap alts in search of short-term big pump opportunities. However, this kind of funding is often unsustainable; once the direction of mainstream coins becomes clear, the enthusiasm for alts will quickly fade.

Investment Strategies and Risk Management Advice

In terms of short-term trading strategies, the cryptocurrency market analysis indicates that the entry points are BTC at 109,000-111,000 USD and ETH at 3,800-3,900 USD. The take profit and stop loss settings are BTC stop loss at 107,000 USD and take profit at 113,000 USD; ETH stop loss at 3,750 USD and take profit at 4,000 USD. Position management suggests a conservative allocation of 20%-30%, an aggressive allocation of 40%-50%, and the risk rating is medium risk.

The logic behind this strategy setup is based on the current oscillation pattern. The oscillation of BTC in the range of 109,000 to 111,000 USD provides short-term trading opportunities, with the stop loss set at 107,000 USD because a drop below this level would confirm a short-term downtrend. The take profit is set at 113,000 USD because a breakout above this resistance level would open up more significant upward space. The setup logic for ETH is similar, with 3,750 USD being the key support level and 4,000 USD being the psychological barrier and technical resistance.

In terms of mid-term investment layout, the trend judgment is mainly a震盪調整, cautiously bullish. The allocation suggestion is 60% BTC and 40% ETH. This allocation leans towards Bitcoin due to its lower volatility and higher institutional recognition. Key points to pay attention to include SEC regulatory policies and institutional investment trends. Scenario analysis suggests increasing allocation in a bull market and reducing positions to retain cash in a bear market.

Core Risk Identification List

Systemic Risk: Global economic uncertainty, trade wars, inflation, and other macro factors

Coin Risk: Regulatory policy changes, specific project or exchange risk events

Liquidity Risk: Market events may trigger a liquidity contraction, such as the 10·11 incident.

Regulatory Risk: The SEC is strengthening regulation, which may put pressure on specific tokens or business models.

The probability assessment for market outlook is: 50% for a fluctuating upward trend, 30% for sideways consolidation, and 20% for a pullback adjustment. This probability distribution indicates that the market overall leans towards a neutral to bullish stance, but it is not entirely bullish. A 50% probability of a fluctuating upward trend means that in most cases the market will slowly rise but with volatility. A 30% probability of sideways consolidation suggests that the market may enter a longer period of consolidation. A 20% probability of a pullback reminds investors to maintain risk awareness.