The Order Book

The Order Book by @tradermayne
🔴LIVE: Tue & Thur - 6pm EST

[The Order Book @OrderBookShow]

HUGE! Check out the 1st video of many in the Trader Mayne Bootcamp

[Mayne @Tradermayne]

Super excited to post the 1st video of a MASSIVE series I have been working on.

There will be over 30 videos in this playlist once it is complete.

I'm calling it the whiteboard series but really it's a price action trading bootcamp.

Enjoy!

https://t.co/DzNlX3LMo9

[The Order Book @OrderBookShow]

Tradermayne reveals that there was a memecoin scam based on Elon's son.

"Yesterday, someone impersonated Elon Musk’s son on X. Hackers created a token which reached a peak market cap of 13 million, extracting 2 million during the process. It was bundled. Big surprise there. And then the token crashed after Elon unfollowed the account. An X account called chain chomp 131 with 5,000 followers claimed to belong to Saxon James Musk. So one of his kids with a regular ass name. That’s not even fun. Elon’s 20-year-old son, on November 10th, Elon followed the account. 48 hours later, they launched the coin scam inspired by the Musk family dog. 47 wallets across eight bundles clustered clusters accumulated 16.8% of the supply."

Feat. @Tradermayne

[The Order Book @OrderBookShow]

"We have now officially matched the drop top to bottom from last bear market bottom post weekly MSB, the obvious difference here is we are in the midst of our 6th straight weekly red candle..doesn't look or feel nearly as bullish. For now my DCA plan remains slow and steady until the eend of the year but there bulls have yet to show signs of life."

[The Order Book @OrderBookShow]

Bitcoin dominance has pushed back toward 60% while Ethereum is underperforming BTC on the week (ETH down roughly 13% versus BTC’s mid-single-digit decline).

In risk-off environments capital often concentrates in the most liquid asset first, and the ETH/BTC pair sliding to multi-month lows shows that rotation is not yet flowing into large-cap alts. Spot ETH ETF flows have also been negative, adding another relative headwind.

Is this simply bitcoin:native acting as the relative safe haven inside crypto while the broader tape is weak, or does the lag in ETH and other alts keep getting worse until Bitcoin stabilizes first?

[The Order Book @OrderBookShow]

Crypto Fear & Greed is sitting in Extreme Fear (around 20) after Bitcoin’s move back below $70k and into its prior consolidation range.

This is occurring while markets are still pricing a high probability of a December Fed hike (roughly 85–90% for 25 bps on CME FedWatch, with a non-zero chance of 50 bps), keeping yields elevated and pressuring risk assets ahead of this morning’s PPI.

Extreme Fear readings have historically clustered near local lows, but only when the macro backdrop stops deteriorating. With ETF flows still negative and leveraged longs getting flushed, the sentiment extreme is notable but not yet a standalone signal.

Does a cooler-than-expected PPI print start to ease the rate-hike pricing and let the $60–70k range act as support, or does any upside get sold into while Fear remains extreme?

[The Order Book @OrderBookShow]

Bitcoin is trading below $70,000, reaching its lowest level in nearly THREE MONTHS.

Down roughly 7% over the past 24 hours, as selling pressure continues across the crypto market. More than $1.4 BILLION in leveraged crypto positions have been liquidated over the past day, with the overwhelming majority coming from long positions.

Looking at the 4H chart, Bitcoin has now re-entered its previous consolidation range between $60,000 and $70,000, an area where price spent much of June, July, and August.

This is particularly interesting because the same range previously served as the foundation for Bitcoin's rally toward $87,000.

The important question now is whether bulls can reclaim the $70K area or whether BTC continues moving deeper into its previous trading range, with $60K marking the lower boundary.

[The Order Book @OrderBookShow]

U.S. inflation is back in focus today, with October's Producer Price Index (PPI) report arriving at 8:30 AM ET.

Economists are expecting:

Headline PPI (MoM):
• Expected: +0.4%
• Previous: +1.3%

Core PPI (MoM):
• Expected: +0.3%
• Previous: +0.7%

Headline PPI (YoY):
• Expected: +6.6%
• Previous: +6.3%

Core PPI (YoY):
• Expected: +5.0%
• Previous: +5.0%

Monthly producer inflation is projected to slow significantly following September's sharp increase. However, annual headline inflation is still expected to accelerate.

Another hotter-than-expected reading could reinforce expectations for tighter monetary policy, putting additional pressure on stocks, bonds, and crypto.

[The Order Book @OrderBookShow]

Tradermayne notes that 5 red weekly candles on bitcoin:native without some form of relief is exceedingly rare.

"I want you to go back on your chart and try and tell me how many times you see five or six red weeklies in a row without getting at least relief, right? One, two, three, four. One, two, three, four, five, six. And then after that sixth one, we had a 30, 40% rally, right? So five red weeklies in a row is very, very rare unless we’re in some sort of like really, really kind of tricky spot where it’s like the bear market’s not actually over and we’re going to have another major structural leg down. I just, I don’t really see."

Feat. @Tradermayne

[The Order Book @OrderBookShow]

@WatcherGuru It keeps getting more and more interesting

that man is doing numbers!

[The Order Book @OrderBookShow]

Tradermayne shares Pumpanomics' take on why the 2026 drawdown feels more personal than historical drawdowns.

"His take is a lot of people on here have decided there’s now a clock running. AI is coming, the door to escaping the middle class is closing. If you’re not making 100K, you’re lower middle class. And if you haven’t made it in the next couple of years, you’re on UBI as a pleb forever. I don’t know if that’s true, but it doesn’t matter if it’s true. People here believe it. So they’re putting a deadline on themselves when the market doesn’t cooperate on that timeline. It feels like they’re missing the last train out of a burning town rather than just a few bad months, but we can recover."

Feat. @Tradermayne

[The Order Book @OrderBookShow]

@blknoiz06 Stack more syndrome? hell yeah

[The Order Book @OrderBookShow]

Another wave of crypto token unlocks is approaching, with several projects preparing to release significant amounts of additional supply over the coming week.

Here are 5 notable upcoming unlocks:

• PIEVERSE - Nov. 14: ~$61.4M
• CONX - Nov. 14: ~$12.7M
• SIGN - Nov. 15: ~$2.8M
• ERA - Nov. 17: ~$2.1M
• ZRO - Nov. 19: ~$36.2M

That's approximately $115 MILLION across these five projects alone, based on current tracker estimates.

PIEVERSE and SIGN are particularly worth monitoring, with their scheduled releases representing approximately 10% of their respective market capitalizations.

[The Order Book @OrderBookShow]

Someone on stream asked me.. "Why not long now and get a better entry?" was the question..

Look at the chart now and you have your answer, confirmation gives you confidence.

Sweep but no MSB = no trade

[The Order Book @OrderBookShow]

"Lots of nice bounces on some of these beaten down tech names, let's see what happens here, quick reclaim or bearish retest."

[The Order Book @OrderBookShow]

Tradermayne points out that the $NVDA situation is a case of reality being stranger than fiction

"Reality is oftentimes crazier than fiction. Sometimes you watch these movies, you’re like, how could this happen in real life? And then the CEO of literally one of the biggest and most important companies in the entire country has an affair with a Chinese spy. Pretty crazy stuff."

Feat. @Tradermayne

[The Order Book @OrderBookShow]

@Poly_Perps Now that would be a match made in heaven

[The Order Book @OrderBookShow]

@WatcherGuru I think they are blowing this out of proportion too much, instead he should've owned to it instead of falling victim to everyone and kept running the company

[The Order Book @OrderBookShow]

Stablecoin supply has contracted by $14.2B over the past 30 days, the largest drop since June 2022 (Glassnode).

USDT and USDC account for the bulk of the redemptions. Total supply is now back near levels last seen in September 2025, reducing the dry powder available for crypto bids.

This is landing alongside five straight days of U.S. spot BTC ETF outflows (~$1.44B cumulative) and BTC still sitting in the low-to-mid $73ks. Liquidity is leaving both the stablecoin and ETF channels at the same time.

[The Order Book @OrderBookShow]

Tradermayne highlights that $100K makes you lower middle class in 12 states now.

"Right now, $100,000 household income, guys, counts as lower middle class in 12 states. New Jersey, Massachusetts, Maryland, Hawaii, and California are among the 12 states where a household has to earn at least $117,000 U.S. to be considered above lower middle class."

Feat. @Tradermayne

[The Order Book @OrderBookShow]

OKXICE (OKX + NYSE parent ICE) confirmed its tokenized U.S. securities venue opens Nov. 23 for eligible U.S. customers under the SEC’s innovation exemption.

70+ assets expected: crypto-linked names including Coinbase, Circle, Robinhood and Strategy (plus Strategy preferreds), along with 59 Direxion ETFs. Most large traditional issuers opted out—67 objections, including the Magnificent Seven.

24/7 trading via the OKX app, tokens 1:1 backed by real shares with rights carried through. Another step in on-chain equity rails expanding while cash markets stay limited by hours.

[The Order Book @OrderBookShow]

U.S. unemployment claims data is on the calendar today, with the report arriving at 8:30 AM ET.

Economists are expecting:

Initial Jobless Claims:
• Expected: 194K
• Previous: 189K

Continuing Jobless Claims:
• Expected: 1.71M
• Previous: 1.718M

Last week's initial claims fell to their lowest level since July, with just 189,000 Americans filing for unemployment benefits.

Today's report will provide another look at the strength of the U.S. labor market, particularly whether layoffs are remaining low and how quickly unemployed workers are finding new jobs.

[The Order Book @OrderBookShow]

Tradermayne breaks down the $SPY short.

"So we’re getting that retest now. So if this thing’s really bearish, like it’s actually bearish, this is the setup, right? Like, this is the setup. And the reason I like this setup is because your invalidation is extremely tight. Your invalidation is extremely tight. And I can make a really good argument for both trades here, by the way. Like, this is a weekly pull. So you don’t even have to just enter on the weekly. You could enter on a lower timeframe within that weekly zone, right? But this is the weekly bearish setup. Your invalidation is just a new high."

Feat. @Tradermayne