Bitunix Weekly Market Report: Macroeconomic Pressures Rise, Market Sentiment Returns to Risk Aversion

Mars Finance reports that on November 17th, the market focus this week was on the dissipation of the brief reassurance following the extension of the US government shutdown to January 30th, 2026. Coupled with the impending return of a large amount of delayed economic data, putting the market under renewed pressure from a fundamental vacuum, the global sell-off triggered by hawkish signals from the Federal Reserve became the core trend this week. US stock momentum sectors experienced increased volatility, while the cryptocurrency market faced stronger selling pressure due to risk aversion, with Bitcoin falling below $95,000, erasing gains since its October high. Meanwhile, market funds clearly shifted towards defensiveness this week: US Treasury yields rose slightly to 4.15%, but the US dollar index failed to break through the 100 mark, indicating that the market remained cautious in the absence of key data. The cryptocurrency market continued the large-scale deleveraging that began on October 10th due to the chain reaction of liquidations. After more than $190 billion in liquidations, the overall portfolio adjustment pressure remains heavy. ETF and futures positions tended to retreat, leverage cooled, and risk appetite temporarily returned to a conservative stance. Market Outlook for Next Week: The market tone next week will be dominated by the "return of a large amount of delayed data." The first series of delayed reports since the shutdown, including non-farm payrolls, factory orders, construction spending, and real income, will be released, becoming a key catalyst influencing expectations of a December rate cut. Furthermore, a flurry of speeches from Federal Reserve officials—including key voting members Williams, Kashkari, Goolsby, and Logan—may further sway interest rate expectations. Bitunix analysts believe the current market focus is not on Beta, but on the pricing chaos caused by a macroeconomic information vacuum. BTC is currently in a monthly chart retest phase, and the market is unlikely to have a clear direction until a large amount of delayed data returns. Weak US data next week could help alleviate risk aversion and even initiate the next rebound cycle.