BTC Plunges as Tech Stocks Sell Off, Triggering Widespread Leveraged Liquidations【MEXC Alpha Trader – Daily Market Brief (November 6, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $76,047.00 (-5.69%)｜ETH $2,238.00 (-7.81%)｜SOL $90.14 (-6.08%)

· Market Sentiment: Funding Rate +0.0082%｜Fear & Greed Index 28 (Fear)

· Volatility: The VIX rose 62.73% to 27.03. Further Reading

· Bank of England: Raised interest rates by 25 basis points to 4.00%, its first rate hike since August 2023. Further Reading

II. Trading Signals / Hot Topics

· [Today's Focus] BTC｜Spot Inflows Coincide With Leveraged Liquidations

· BTC, the primary liquidity anchor for the crypto market, saw $74.6 million in net inflows into spot ETFs in the previous trading session. At a later point, liquidations across the crypto market totaled $869 million over four hours.

· Takeaway: ETF flows and derivatives liquidations were recorded at different times, so the net inflows do not fully capture the leverage pressure during the plunge.

· Further Reading: 1 2

· [U.S. Stocks Focus] NVIDIA｜Semiconductor Sell-Off Pressures AI Valuations

· NVIDIA, a leading AI hardware company, was down 7.23% at the time of reporting, while the Philadelphia Semiconductor Index fell 11.48%.

· Takeaway: The decline in both the stock and the sector index suggests the sell-off was not driven solely by a single company event.

· Further Reading: 1

· [On-Chain] SOL｜Payment Access Expands, but On-Chain Usage Remains Unproven

· Solana, a major network for high-frequency on-chain activity, gained USDC access through Samsung Wallet, reaching approximately 82 million devices.

· Takeaway: The integration expands access to stablecoin payments, but device reach does not equate to actual transaction demand.

· Further Reading: 1

III. Regulation & Major Events

· United States｜Sources say Democrats are discussing advancing a crypto market structure bill based on the Waters amendment, with proposed changes to the SEC's and CFTC's respective powers and responsibilities. Further Reading

· Binance｜Reuters reports that the Federal Reserve and OCC are examining unusual bank activity and service disruptions after the platform suffered a hack of approximately $6.3 billion. Further Reading

· South Korea｜The government plans to delay its crypto gains tax from 2027 to 2029 and is considering allowing losses to be carried forward for three years. Further Reading

IV. Platform-Exclusive Benefits

· Alpha Trader October Trading Competition (Futures)

· Battle of the Brave V15 (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: Citi Wealth Promotes Spot Bitcoin ETFs — Will Institutional Allocation Accelerate?

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