Market dynamics on November 5: Both BTC and altcoins are falling, the market is quiet, the US election is approaching, and there is a strong wait-and-see atmosphere
I. Market Dynamics
1. BTC is falling, altcoins are generally falling, the market lacks hotspots.
2. U.S stocks are falling. The countdown to the U.S election has begun and there's a strong wait-and-see sentiment in the market.
II. Market Focus
1. Small coins such as TROY and SANTOS are rising. They're all new contracts opened by bn for small coins; TROY is transitioning from being a dealer stock to doing AI MEME.
2. Musk-themed DOGE, MASK etc., are on the rise.Trump temporarily leads in Pennsylvania, the biggest swing state.
3. The major trend is that funds are moving from CEX to DEX; centralized exchanges will gradually decline in future and even their most profitable contract business will be replaced by chain-based MEMEs.Long-term view suggests planned economies definitely can't keep up with the evolution speed of free economies.Since this year,the proportion of DEX/CEX trading volume has increased from 8% to a new high of 15%, doubling its value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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