Bitget UEX Daily | Chip Rebound Faces Rate Pressure; Bitcoin Slips Below $75K; AI Orders Face Scrutiny (November 9, 2026)

I. Hot News Highlights

US Employment | Stronger Hiring Keeps Rates in Focus

US October payrolls rose by 165,000, unemployment was 4.1% and average hourly earnings increased 0.4% month over month. Combined August and September payroll gains were revised up by 84,000, making the report stronger than markets had expected.

Resilient hiring reduces concerns about a sharp slowdown while weakening the case for monetary easing. Growth companies gain support for demand but face a higher valuation hurdle from rates. Tomorrow’s US CPI will test that tension.

AI Construction | Contract Delivery Joins Regulatory Scrutiny

Concerns about tighter oversight of data-center expansion remain. Reports that Microsoft is winding down part of its Oracle computing rental arrangements also highlight the difference between long-term AI demand and the commercial value of individual contracts.

Regulation affects whether projects proceed; customer choices affect whether equipment stays rented. Both feed into revenue and cash returns. Renewals, delivery and utilization matter, while an individual contract adjustment does not establish an industry-wide demand decline.

Energy | Diplomacy Continues, but Supply and Rate Risks Remain

US officials continued to signal a preference for diplomacy with Iran over the weekend, although substantial disagreements remain. Friday’s nearby WTI and Brent futures settled at $90.83 and $98.32 respectively, posting small daily gains.

Negotiating progress could reduce supply risk premiums, while a stronger dollar and tighter monetary conditions could restrain demand expectations. Diplomatic contact does not establish a completed agreement.

II. Market Review

Commodities and Foreign Exchange

The dollar and Treasury yields rose after payrolls, while gold futures declined. Safe-haven demand coexists with rate pressure; inflation data will help determine whether gold’s preceding recovery can continue.

Cryptocurrency Performance

BTC trades at 74,971.62 USDT, down 1.09% over 24 hours; ETH trades at 2,131.80 USDT, down 4.61%, with quotes observed around 09:22–09:23 Beijing time. Total crypto capitalization is approximately $2.50 trillion, down 4.72%, with 24-hour volume of approximately $49.019 billion; aggregate figures were independently updated at 09:01.

BTC / ETH Liquidation Zones: Verifiable current liquidation zones were not obtained. Upper and lower ranges, distances and nearer-side assessments are omitted.

Institutional Cost Basis | BTC: Strategy’s latest November 2 disclosure reports 849,327 BTC at an average cost of $75,451. Using the contemporaneous dollar-denominated coin price, BTC is approximately 0.66% below that basis, indicating a reference unrealized loss. A verified latest aggregate US spot BTC ETF cost measure was not obtained, so an older estimate is not carried forward.

Market Takeaway: BTC is fluctuating around $75,000, slightly below Strategy’s aggregate cost reference. Watch whether it can regain and hold that area, followed by sustained demand on a rebound. ETH’s larger decline shows an uneven recovery. Institutional cost is a reference level, not fresh buying or guaranteed support.

Major US Equity Indexes

Market Moves Explained

Market Performance: Chips led Friday’s Nasdaq recovery, with AMD up 11.04% and Nvidia up 2.78%, while the Dow declined. The rebound did not extend across the entire market.

Logic 1: Previously hard-hit chips recovered first. The rise reversed some pessimistic pricing, but one session does not establish that data-center regulatory concerns have disappeared.

Logic 2: Strong hiring supports demand while raising the valuation hurdle. Economic resilience helps revenue expectations, while higher yields and a stronger dollar weigh on distant earnings, leaving indexes and individual stocks divided.

Logic 3: Delivered operating results matter more. Airbnb’s 11.67% post-earnings gain contrasted with uncertainty around cloud computing contracts. Delivery, profits and cash flow provide firmer evidence than broad AI growth narratives.

Magnificent Seven

Four rose and three fell. Tesla and Nvidia led gains, while Microsoft, Apple and Amazon declined. Platforms and hardware suppliers continue to require separate assessments.

Sector Moves

Semiconductors: AMD gained 11.04% and Nvidia rose 2.78%, recovering after heavy selling. Orders and earnings guidance must support any sustained recovery.

Travel Platforms: Airbnb gained 11.67%. Accelerating revenue and a higher full-year outlook provided company-specific support.

III. In-Depth US Equity Analysis

Berkshire Hathaway | Separate Investment Swings from Operating Results

Event Overview: Berkshire’s November 7 release reported Q3 net earnings of $22.112 billion, down 28.20%, and operating earnings of $12.705 billion, down 5.78%. It repurchased approximately $9.6 billion of shares during the quarter. The first regular-session reaction to the weekend release is still ahead.

Market Interpretation: Investment fluctuations amplified the net earnings decline, but operating earnings also fell. Insurance underwriting and investment income weakened, while railroad, energy, and manufacturing, service and retail earnings increased.

Investment Implications: Watch whether insurance earnings recover and other businesses continue offsetting weakness. Completed repurchases differ from authorization, and the amount alone does not establish undervaluation.

Oracle | Contract Changes Test Equipment Fit and Renewal Economics

Event Overview: November 6 reporting said Microsoft declined to renew part of its Oracle computing rental arrangement and was turning off related capacity using older Nvidia chips. Oracle said demand remained strong, including for earlier-generation GPUs.

Market Interpretation: The issue is whether equipment meets changing customer needs and contracts renew. Industry growth does not guarantee the same return for every hardware generation or agreement.

Investment Implications: Monitor renewals, re-leasing and related earnings guidance. Retain the reported status of the development; it does not establish that Microsoft is abandoning all external AI capacity purchases.

Airbnb | Faster Growth and Higher Guidance Drive a Separate Rally

Event Overview: Q3 revenue rose 19% to $4.9 billion and gross booking value increased 21% to $27.7 billion. Airbnb raised its full-year revenue growth and adjusted EBITDA margin outlook. Shares rose 11.67% to $189.99 on November 6.

Market Interpretation: Stronger bookings and accelerating revenue corroborate operating improvement. Delivered results offer more observable evidence than valuations dependent on distant projects.

Investment Implications: Watch booking momentum and the effect of marketing spending on margins. The additional buyback authorization of up to $12 billion does not represent completed purchases.

IV. Market & Project Updates

Brazilian crypto transfer disruption: Nubank and Mercado Pago separately reported on November 6 that external service-provider problems affected some crypto deposits, withdrawals or external-wallet transfers. Both said client funds were secure. Full restoration was not confirmed at this report’s verification time.

China’s gold reserves increase: Official end-October reserves were 78.30 million ounces, versus 77.47 million at end-September, an increase of 830,000 ounces. This is a monthly reserve change, not today’s immediate buying.

CoreWeave earnings timing: The company schedules its Q3 earnings call for November 10 at 17:00 Eastern, or November 11 at 06:00 Beijing time. Watch order conversion, delivery and financing costs. Unreleased results cannot be cited on Monday.

V. Today’s Market Calendar

Event Outlook: Wholesale figures add demand and inventory evidence; the New York Fed survey tests inflation expectations. Tomorrow’s CPI is the more direct rate catalyst. Persistent price pressure would leave the growth-stock rebound facing higher-yield constraints.

Institutional View: Glassnode’s November 4 weekly report described insufficient fresh capital, with ETF flow data through November 2. This historical observation highlights why new spot demand accompanying a rebound matters more than the price gain alone.

For market information only; not investment advice.