Bitcoin is down 20%+ since October, its lowest since August, and analysts are split on why. Some blame investors raising cash for Anthropic’s 6x-oversubscribed IPO; others see a wider AI-trade unwind. Under 45% of active supply is in profit, a zone that has often marked correction lows. Tap for the full breakdown.Bitcoin Falls to $68,000 as Analysts Split on Whether Anthropic’s 6x-Oversubscribed IPO Is Draining CryptoBitcoin fell to around $68,000 overnight, its lowest since August, and was last near $67,240, extending a slide of more than 20% since early October. Anthropic’s IPO, which could raise up to $64.4B, is about six times oversubscribed, per Bloomberg. Xapo Bank CEO Seamus Rocca said order books opening pull money from liquid assets like bitcoin as investors scramble for allocations, and compared it to SpaceX’s IPO, which he said temporarily drained money from bitcoin. Risk Dimensions’ Mark Connors sees a wholesale deleveraging of the AI trade, citing gold’s decline. Hyperium Decimus’ Chris Sullivan sees no logical link between Nvidia’s troubles and bitcoin, pointing instead to shorts above their August peak, large IBIT outflows, extreme fear and the chance of a 50bp Fed hike within 30 days. Nvidia CEO Jensen Huang’s exit (shares fell as much as 14% on November 12) and Strategy’s MSCI removal at the November 30 close added pressure, though Schwab’s Jim Ferraioli said the timing of the sharpest drop, around 11 p.m. Eastern, suggests neither was the direct trigger. Strive CEO Matt Cole notes bitcoin fell 19% in the 50 days before SpaceX listed versus 18% before Anthropic; after SpaceX it bottomed 18 days later and was 28% higher by day 100. A repeat would put bitcoin near $90,000 by late February, though Strategy-related selling concerns also played a role then. Global Stock Funds Draw $98 Billion in a Week, Second-Largest Inflow Ever, as Investors Buy the DipGlobal equity funds took in a net $98B in the week to November 14, the second-largest weekly inflow on record and the fifth straight week of inflows, totaling about $350B. The four-week average rose to about $75B, a record; at the 2021 meme-stock peak it reached only about $45B. Global tech funds drew $2.6B in the week and $9.1B over three weeks despite the selloff. US spot bitcoin ETFs have swung to $1.56B in net outflows for 2026.Most Active Bitcoin Supply Now Held at a Loss as Share in Profit Drops Below 45%Less than 45% of bitcoin’s active supply is held at a profit, excluding coins unmoved for more than 10 years. Readings below 40% have often coincided with lows of market corrections, while readings near 100% have tended to raise reversal risk. Some investors use this as a contrarian signal. Bitcoin trades near $67,000, its lowest since August.Morgan Stanley’s Bitcoin ETF Adds 735 BTC This Week, Lifting Holdings to 11,625 BTC; Its Solana ETF Moves 24,452 SOLMSBT added about 735 BTC (about $52.87M) this week, per Arkham, bringing holdings to 11,625 BTC, worth about $784M, while US spot bitcoin ETFs overall saw heavy outflows. It took in $20M on November 10 as other funds lost money. Separately, Morgan Stanley’s Solana ETF (MSOL) moved 24,452 SOL to an exchange address Saturday morning, possibly to sell.Nvidia Says No CEO Talks Underway as "Stand With Jensen" Petition Tops 77,900 SignaturesNvidia says it is still selecting a search firm and has “not formally engaged with any potential candidates,” calling speculation premature, per Bloomberg. This followed an FT report that the board approached Arm CEO Rene Haas; Arm fell nearly 10% Friday before paring losses. Nvidia cut ties with Huang on Thursday over a scandal involving extramarital affairs and reports he was targeted by a suspected Chinese spy. A petition to reinstate him has more than 77,900 signatures, over 41,900 self-identified shareholders and 5,200 current or former employees, alleging removal “without meaningful due process.” Elon Musk signed and is lead signatory; Marc Andreessen and Garry Tan are also listed. The site notes all identities are self-reported and unverified.

Global equity funds took in a net $98 billion in the week to November 14, the second-largest weekly inflow on record, according to fund flow data. It was the fifth straight week of inflows, bringing the total to about $350 billion.The four-week average of inflows rose to about $75 billion, a record high. At the peak of the 2021 meme-stock frenzy, the four-week average reached only about $45 billion.Technology funds also drew money despite the recent tech selloff. Global tech equity funds took in a net $2.6 billion during the week and $9.1 billion over the past three weeks.The flows into stocks contrast with crypto. US spot bitcoin ETFs have swung to $1.56 billion in net outflows for 2026, after heavy withdrawals over the past two weeks.

Asian Star, a Japan-listed company, will distribute BNB worth a total of ¥8 million to eligible shareholders and plans to tokenize Japanese real estate on BNB Chain, Binance founder Changpeng Zhao (CZ) said on X.CZ called it a first for Japan and a global first, saying it gives traditional companies and their shareholders more ways to take part in crypto. Despite the stormy market, he said, industry builders are still pushing projects forward.

Morgan Stanley’s spot bitcoin ETF (MSBT) added about 735 BTC this week, worth $52.87 million, during the market decline, according to Arkham. That brings the fund’s holdings to 11,625 BTC, worth about $784 million at current prices.Separately, Morgan Stanley’s spot Solana ETF (MSOL) moved 24,452 SOL to an exchange address on Saturday morning, possibly to sell, according to Arkham.The bitcoin inflows came during a week when US spot bitcoin ETFs as a group saw heavy outflows. Earlier this week, MSBT took in $20 million on November 10 even as other funds lost money.

According to Jin10, Italy's data protection authority fined Meta Platforms €805 million, alleging that the company used Android users' videos and photos without their consent.

An address with a recent SOL trading win rate of about 86% increased its SOL short position by about $2.15 million. According to Odaily, the weighted average execution price for closing SOL shorts during the period was about $75.13, while the weighted average opening price was about $75.29. The address is 0xf517639a8872e756ac98d3c65507d2ebc25cc032.

Vào ngày 13 tháng 11, theo giờ địa phương tại Hoa Kỳ, người đồng sáng lập kiêm CEO của Anthropic, Dario Amodi, và CEO của JPMorgan Chase, Jamie Dimon, đã có cuộc đối thoại về chủ đề IPO tại New York.

Sự ra đi đột ngột của Jensen Huang đã khiến cỗ máy tài chính xoay vòng trị giá hơn 500 tỷ đô la của Nvidia dành cho trí tuệ nhân tạo, được xây dựng dựa trên các khoản đầu tư vốn chủ sở hữu, bảo lãnh và mua lại cổ phiếu, mất đi một người lãnh đạo tài ba.

Golden Weekly là chuyên mục tóm tắt hàng tuần về ngành công nghiệp blockchain do Golden Finance khởi xướng, bao gồm các tin tức quan trọng, dữ liệu thị trường và hợp đồng, thông tin khai thác, cập nhật dự án, tiến bộ công nghệ và các diễn biến khác trong ngành.

Ai cũng biết Jensen Huang và CEO của Anthropic đang bất đồng quan điểm công khai về chính sách AI và xuất khẩu chip. Từ những cuộc tranh luận gay gắt ở Washington đến việc Huang công khai phản đối lệnh cấm xuất khẩu toàn diện do Ammoddi đề xuất, cả hai đã từ lâu thể hiện rõ lập trường của mình.

Khi tin tặc bắt đầu nhắm mục tiêu vào danh tính nhân viên, quyền truy cập nội bộ và chuỗi cung ứng, việc chỉ lưu trữ khóa riêng tư không còn đủ để tạo nên một hệ thống phòng thủ an ninh hoàn chỉnh.

Sự ra đi đột ngột của Jensen Huang có thể chỉ là khởi đầu cho một loạt rủi ro chính trị tập trung tại các tập đoàn công nghệ khổng lồ của Mỹ.

Chiến lược cổ phiếu toàn cầu năm 2027 của Goldman Sachs chỉ ra rằng sự bùng nổ chi tiêu vốn cho trí tuệ nhân tạo đang gần đạt đỉnh điểm, và tốc độ tăng trưởng lợi nhuận toàn cầu sẽ chậm lại đáng kể.

Liệu người sáng lập, người đã xây dựng đế chế chip AI toàn cầu trong suốt 33 năm, có nên rời đi?

Jensen Huang, Nvidia, ETH. Jensen Huang cũng từng là một "KOL về Ethereum". Jinse Finance: "Ethereum sẽ trở nên rất có giá trị."

Jinse Finance ra mắt bản tin hàng ngày về tiền điện tử và blockchain, "Jinse lúc 8 giờ sáng", số 3242, cung cấp cho bạn những tin tức mới nhất và nhanh nhất về ngành công nghiệp tiền kỹ thuật số và blockchain.