1 Billion SHIB Sell-Off Accelerates Price Decline, Analysts Warn of Deeper Correction

Singapore’s central bank has joined a growing list of authorities calling out how expensive tech and AI stocks have become.

The post EUR/CHF slides as Euro struggles post-inflation data appeared on BitcoinEthereumNews.com. EUR/CHF weakens for a second straight session as the euro struggles to recover post-Eurozone inflation data. Eurozone core inflation steady at 2.3%, headline CPI eases to 2.0% in August. SNB maintains a flexible policy outlook ahead of its September 25 decision, with no immediate need for easing. The Euro (EUR) trades under pressure against the Swiss Franc (CHF) on Wednesday, with EUR/CHF extending losses for the second straight session as the common currency struggles to gain traction following Eurozone inflation data. At the time of writing, the cross is trading around 0.9320 during the American session. The latest inflation data from Eurostat showed that Eurozone price growth remained broadly stable in August, reinforcing the European Central Bank’s (ECB) cautious stance on monetary policy. The Core Harmonized Index of Consumer Prices (HICP), which excludes volatile items such as food and energy, rose 2.3% YoY, in line with both forecasts and the previous month’s reading. On a monthly basis, core inflation increased by 0.3%, unchanged from July, highlighting persistent underlying price pressures in the bloc. Meanwhile, headline inflation eased to 2.0% YoY in August, down from 2.1% in July and slightly below expectations. On a monthly basis, prices rose just 0.1%, missing forecasts for a 0.2% increase and decelerating from July’s 0.2% rise. The inflation release follows last week’s ECB policy decision, where the central bank kept all three key interest rates unchanged and signaled that policy is likely at its terminal level. While officials acknowledged progress in bringing inflation down, they reiterated a cautious, data-dependent approach going forward, emphasizing the need to maintain restrictive conditions for an extended period to ensure price stability. On the Swiss side, disinflation appears to be deepening. The Producer and Import Price Index dropped 0.6% in August, marking a sharp 1.8% annual decline. Broader inflation remains…

PANews reported on November 5th that Singapore-based crypto investment firm QCP Capital analyzed that Bitcoin's overnight drop below the key support level of $100,000 triggered a decline in global risk assets. This round of decline was mainly driven by a stronger US dollar and uncertainty surrounding Federal Reserve policy, which generally dampened market risk appetite. Macroeconomic pressures quickly transmitted to the crypto market, with the US spot Bitcoin ETF experiencing net outflows of approximately $1.3 billion for four consecutive days, turning it from a significant driver at the beginning of the year into a short-term resistance level. The market saw a coexistence of weak spot demand and forced deleveraging, with over $1 billion in long positions being liquidated during the price bottoming process, followed by bargain hunting. The options market structure also exacerbated volatility, with traders maintaining net short gamma positions near the $100,000 strike price, their hedging behavior amplifying price fluctuations. The $100,000 mark has become a key psychological barrier. If ETF inflows stabilize, market sentiment is expected to recover quickly. On the macro level, the October non-farm payroll data was delayed due to the US government shutdown, and the market is relying on private sector indicators to judge the economic trend. Pre-shutdown data showed economic resilience: Q2 GDP was revised upward to 3.8%, job growth slowed but productivity improved, and the Q3 GDPNow forecast remained at a high of 4.0%. High-frequency indicators show that the economy is still expanding moderately. The policy outlook is unclear. The Fed cut rates by 25 basis points in October but released cautious signals, weakening expectations for another rate cut in December. Currently, the market expects 60-65% for further rate cuts. If the quiet period extends, the possibility of pausing rate cuts will increase, further supporting the dollar and tightening credit. For Bitcoin to resume its upward trend, it needs to wait for a reversal in ETF outflows and a recovery in risk sentiment.