📊🤔 Swissblock: #BTC liquidity is tight and needs to reset into full exhaustion. Every reset has led to stabilization and recovery. Macro signals suggest we’re entering the late phase of the current correction, not a deeper bear market, not yet.

📊👀 #BTC The Pi Cycle Top & Bottom Indicator just hit its lowest value in a year. The Pi Cycle Top indicator is a technical analysis tool used to historically identify potential market cycle peaks for Bitcoin price

📊🤔 #BTC Swissblock: Alts are showing clear relative strength, a rare dynamic during Bitcoin capitulation. Many Alts are only –5% while BTC is falling hard, in a normal capitulation they'd be –10% or –15%. Two forces explain it: flows are still entering alts, and BTC dominance remains neutral. Each BTC drop creates a stronger divergence, a sign that altcoin accumulation continues beneath the surface.

🗽📉 #BTC Coinbase Bitcoin Premium Index drops to its lowest level in Q4.

📊👀 #BTC Weekly RSI is at the most oversold level since the bottom of the bear market 3 years ago.

🤬📉 $1 trillion wiped out from the US stock market cap. #macro $120 billion wiped out from the crypto market cap today. #btc

📊 Glassnode: #BTC’s Mayer Multiple has retraced toward the lower bound of its long-term range, signalling a slowdown in momentum. Historically, such compressions have aligned with value-driven phases where price consolidates and demand begins to step in.

💸🤔 CQ: Liquidations of long positions are at extreme levels for the past year. The metric has eased slightly at the moment, but it doesn’t change the overall picture.

🔝 Top 15 Spot DEXs by Volume Growth in the last 30 Days. #PEAR #THL #ICS

💰📉 CryptoRank: Fundraising Activity Analytics Even though sales have attracted attention lately, including Coinbase Echo’s $375M M&A deal, we can see from the current data that the number of sales in November has fallen significantly, reaching only 96 sales as of November 20. With this in mind, we can also see that the total value raised in USD is lower than in previous months, at only $2.3B compared with around $7B previously.

📈🤯 #BTC just printed $6B in taker sell volume in 5 hours. One of the biggest intraday spikes we’ve seen lately.

🇺🇸👀 Crypto #ETF Flows Today: #BTC-ETFs: NetFlow: +1,840 BTC ($166.3M) 🟢 Grayscale inflows 1,505 BTC ($136.02M) and currently holds 46,978 BTC ($4.25B); #ETH-ETFs: NetFlow: +12,986 ETH ($38.57M) 🟢 Grayscale inflows 20,011 ETH ($59.43M) and currently holds 699,753 ETH ($2.08B).

🥳 #NMR Numerai has reached a $500 million valuation in a new funding round

🇺🇸👀 #BTC Congressman Warren Davidson has introduced a bill authorizing the payment of federal taxes in BTC and directing the revenue to the BTC Strategic Reserve.

🥳 #MORPHO Coinbase launches #ETH collateralized lending service via Morpho.

🙅‍♂ FG Nexus (#FGNX) sold 10922 #ETH

🇺🇸👀 #macro USA (Sep): - Nonfarm Payrolls: 119k (pre: 22k); - Unemployment: 4.4% (pre: 4.3%)

💵💸 Circle has minted another 500 million #USDC. Tether and Circle minted $15 billion worth of stablecoins after market crash

📊 #BTC CQ: If the Fed doesn't cut rates in December, BTC will likely trade in the $60,000 to $80,000 range by the end of the year. Growth is limited until policy clarity is restored. The key factor is whether the large steablecoin reserve will stay on the sidelines or start moving once macroeconomic risk diminishes after the meeting.

📊 #BTC CEO CQ: Traders and short-term holders are selling. Mainers and long term holders are not selling.

📊 #BTC Glassnode: The shift from a confirmed bull to a true bear market often comes after multiple major on-chain price models fail: 🔴 STH Cost Basis: $109.8K 🟡 Active Investors Mean: $88.6K 🟢 True Market Mean: $82K 🔵 Realized Price: $56.1K We are now testing Active Investors Mean. A breakdown below both Active Investors and the True Market Mean would mark the first major confirmation of a deeper bear trend since May 2022.

🐳 #BTC Santiment: Bitcoin's whales have gotten more and more active as prices have dumped over the past six weeks. So far this week, we have seen: — Over 102.9K Whale Transactions exceeding $100K; — Over 29K Whale Transactions exceeding $1M; This week has a good chance of ending up as the most active whale week of 2025, with the context of these whale moves gradually turning from dumping to accumulating again.

🇺🇸👀 #ETH #ETF BlackRock is preparing to file for an "iShares Staked Ethereum Trust ETF"

🤬💸 CoinGlass: >$100 million liquidated in the last hour

📊🤔 Swissblock: The unusual strength in Alts continues The #BTC–Altcoin Cycle is flipping toward an Alt-Season dynamic, something atypical during a BTC bottoming process. This doesn’t mean full Alt Season yet, but if BTC stabilizes and bottoms, the Alt reaction could be explosive.

🤔 #BTC Jim Cramer: It feels like conspirators are trying to keep BTC above $90,000. I like BTC, but I don't like any of the derivatives created to play or mine it.

📊 #BTC Glassnode: During last week's downturn, altcoins have shown unusual relative strength vs BTC. While uncommon, it follows a long period of alt underperformance. Most sectors are actually outperforming BTC.

📊 Sentora: Even stablecoins are feeling the pressure in the current market, with only #USDT, #USDC, and #PYUSD posting growth over the past month among top stables. Ethena’s #USDe stands out, with its market cap dropping by more than 35% over the same period. #stablecoin

🔝 Top 15 Ethereum Layer 2 Coins by Diluted Valuation. #L2 #ETH #MNT

📊 #POL Top projects by volume in 30 days on Polygon.

📉 #BTC #ETH #ETF Yesterday, total net outflows of spot BTC-ETFs totaled ~$372.8 million. Total net outflows of spot ETH-ETFs amounted to ~$74.2 mln.

🤔 #ETH Vitalik Buterin warned at the Devconnect conference that cryptography could be cracked by quantum computing before the US presidential election in 2028, calling for Ethereum to move to quantum-resistant cryptography within 4 years. He also stated that future innovations should be moved to the L2 layer, wallets and privacy tools rather than the core protocol layer.

🧑‍💻 Top overall coins by notable development activity the past 30 days. #RAD #LINK #ICP

📉💸 #ETH Alphractal: Ethereum wiped out most traders holding long positions over the past year. Now, unliquidated short positions are dominating across the major exchanges.

🔮📈 #OPN Opinion led the prediction markets by last week’s notional volume, surpassing Polymarket and Kalshi. Aggregate volume reached a new ATH, breaking above $3.68B.

🦐 Santiment: #BTC, #ETH, and #XRP are all showing good signs of a potential rebound with retail dumping on all three. We measure small, retail wallets as: 🔻<0.01 coin Bitcoin Wallets: 0.36% of holdings dumped in past 5 days; 🔻<0.1 coin Ethereum Wallets: 0.90% of holdings dumped in past 1 month; 🔻<100 coin XRP Wallets: 1.38% of holdings dumped since start of November; Prices move the opposite direction of small wallets' behavior. So we're keeping an eye on retail traders continuing to panic sell as a positive sign for crypto's recovery.

📊 #BTC Swissblock: Downside volatility is easing, but selling pressure stays heavy as short-term holders panic-sell. Spot demand helps absorb it, though too discreet against the intensity. Bitcoin stabilizes once the Risk-Off Signal starts showing exhaustion.

🇺🇸🗣 President Trump says he would love to replace Fed Chair Jerome Powell "right now."

🇺🇸🏦 U.S. banking regulator says banks can store cryptocurrency to pay for blockchain network fees

📊👀 #BTC vs M2 Global Liquidity. The last time bitcoin was here, global liquidity was $7 trillion lower.

🤑😱 #BTC The fear and greed index is 11 - extreme fear.

💸 #BTC Over the last 24 hours, ~$1.02 billion worth of contracts have been liquidated, of which longs have liquidated ~$724 million and shorts ~$291 million.

✏️ #BTC Arthur Hayes posted a new essay noting that BTC's decline is due to reduced liquidity, not fundamentals, as #ETF and DAT flows are declining. He believes that BTC will potentially fall to $80-85k. However, once the US stock market recovers and liquidity returns, BTC could recover to $200-250k by the end of the year.

🇺🇸 Trump said the $2,000 tariff dividend will be sent to Americans by mid-2026.

📉👀 #XRP Glassnode: The share of XRP supply in profit has fallen to 58.5%, the lowest since Nov 2024, when price was $0.53. Today, despite trading ~4× higher ($2.15), 41.5% of supply (~26.5B XRP) sits in loss — a clear sign of a top-heavy and structurally fragile market dominated by late buyers.

📊🤔 #BTC Swissblock: The Risk-Off Signal has climbed back to selling pressure levels last seen in the late-Feb to early-Apr correction. That phase was defined by persistent stress that delayed Bitcoin’s bottom until early April, with no return to low-risk until mid-month.

📉💸 #BTC CQ: Another wave of Short-Term Holder capitulation. 31,800 BTC just hit exchanges at a loss—signaling growing panic among recent buyers.

🇺🇸🇨🇳 #tradewars US Treasury Secretary Scott Bessent said the Trump administration intends to finalize a trade agreement with China by Thanksgiving (Nov. 27).

📈🤔 #BTC supply spikes on exchanges. 11,750 BTC worth $1.1 billion hit exchanges over the last 3 days.

📊📉 #BTC CQ: At peak capitulation, Short-Term Holders sent -64.6K BTC to exchanges at a loss. That selling pressure is now cooled off.