1. Bitcoin Market
Bitcoin Price Movement (November 8, 2025 – November 14, 2025)
Over the past seven days (November 8th to November 14th), Bitcoin's overall performance can be summarized as: "Low-level rebound → Sideways consolidation → Attempt to reach a high point → Pullback and rebound → Rapid breakdown and decline."
The main price trading range was approximately $98,000–$107,000. On November 10th and 11th, it repeatedly attempted to break through the $105,000–$107,000 resistance level without success. The highest point reached around November 11th was approximately $107,244, before recovering to around $103,000 on November 12th (approximately $102,480–$103,811). After a brief dip and pullback on November 13th, a flash crash occurred during the US trading session on November 14th, with the price rapidly falling below $100,000 again to the $98,000-$99,000 range, reaching a low of $98,077. It is currently in a slow pullback, with the price at $99,484 at the time of writing, not yet breaking the $100,000 mark.
Low-level rebound phase (November 8th)
On November 8th, Bitcoin dipped to approximately $99,200-$99,500 in the early morning, hitting a new low for the period, before rebounding quickly, recovering all losses to above $103,000 for the day.
Causes ofthemovement:
1. Easing liquidation pressure: The large-scale leveraged liquidation of the previous week ended, releasing short-term selling pressure and significantly reducing selling volume.
2. Technical Rebound: The RSI fell into oversold territory, triggering a rebound driven by low-level buying and algorithmic trading.
3. Signs of Fund Inflow: Jinse Finance's November 8th news flash indicated that some institutional buyers re-established positions near the $100,000 mark, leading to a price rebound.
Sideways Consolidation Phase (November 9th)
On November 9th, Bitcoin traded in a narrow range between $101,500 and $102,500. Trading volume shrank, and market sentiment stabilized temporarily but the direction remained unclear.
Causes of the Price Movement:
1. Support Level Stabilization: The $101,500-$102,000 range became a concentrated area of short-term buying.
2. Limited Macroeconomic News: Investors awaited the release of US CPI data and institutional reports, resulting in a strong short-term wait-and-see attitude.
3. Market Recovery Period: After the initial panic subsided, BTC entered a consolidation phase.
The Upward Push (November 10th – November 11th)
From November 10th to 11th, Bitcoin initiated an upward surge, breaking through resistance levels at $104,000 and $105,000, and repeatedly attempting to break through the $106,500-$107,000 range, but failing to hold above these levels.
Causes of the Price Movement:
1. Improved Macroeconomic Sentiment: The passage of the US government's temporary budget plan boosted market risk appetite.
2. Institutional Bullish Support: A JPMorgan report stated that Bitcoin, after deleveraging, possessed "significant upside potential," attracting some institutions to increase their short-term positions.
3. Technical Correction: Short-term moving averages formed a golden cross, driving in trend-following buying.
4. High-Level Resistance Emerges: Multiple failed tests of the $107,000 area indicated that this was a strong resistance level, leading to profit-taking.
Pullback and Rebound Phase (November 12th - November 13th)
On November 12th, Bitcoin pulled back after failing to break through resistance, falling to around $103,000. The market then consolidated, trading between approximately $102,480 and $103,811.
On November 13th, the market briefly rebounded to around $105,000 before quickly falling back to $100,000. It then consolidated in the $101,000-$102,000 range, failing to break through $104,000, and consolidating around $103,000.
Causes of the Price Movement:
1. Profit-taking and Declining Volume: Short-term funds closed out positions, leading to a decrease in trading volume. The cryptocurrency market remained sluggish, indicating weakening momentum.
2. Quiet Macroeconomic News: Investors awaited guidance from US inflation data (CPI) and US Treasury yield trends, and the market re-entered a wait-and-see phase. 3. Technical Adjustment: The short-term upward channel has been blocked, and the price has returned to the middle of the oscillation range, indicating a temporary weakening trend. The *Times of India* reported, "Despite a short-term rebound in Bitcoin, the overall crypto market's gains for the year have been almost wiped out, and investor confidence still needs to be restored."
Rapid Downward Phase (November 14th)
On November 14th, Bitcoin prices plummeted, experiencing a flash crash during the US trading session, rapidly breaking below $100,000 to approximately the $98,000–$99,000 range, reaching a low of $98,077. It is currently in a slow pullback, with the price at $99,484 at the time of writing, still not breaking the $100,000 mark. Market sentiment has deteriorated, and risk appetite has waned.
Causes of the Price Movement:
1. Fading Bullish Momentum: No new strong catalysts emerged after November 12th, leading to a weakening of the rebound momentum.
2. Increased Macroeconomic and Funding Pressures: Data shows that long-term holders have begun to increase selling, weakening market confidence.
3. Cooling Fed Expectations: The pullback occurred amid a sharp decline in risk assets, with investors beginning to realize that the Fed currently seems unwilling to cut interest rates in December. The Nasdaq fell 2%, and the S&P 500 fell 1.3%. Cryptocurrency-related stocks were hit hard again, especially miners with significant exposure to AI infrastructure and data centers. Crypto and tech stocks weakened in tandem, with market capital withdrawing from high-risk assets such as crypto.
2. Market Dynamics and Macroeconomic Background
Fund Flows
1. ETF Fund Flows
This Week's Bitcoin ETF Fund Flows:
November 10: +$0.012 billion
November 11: +$5.240 billion
November 12: -$2.781 billion
November 13: -$6.101 billion
ETF Inflow/Outflow Data Image
During this period, ETF fund flows quickly reversed from inflows to outflows, reflecting the continued caution of institutional funds in the current market environment. Although there was a brief inflow on the 11th, it was immediately offset by large-scale outflows, indicating that the liquidity situation has not yet stabilized. In recent weeks, the US spot Bitcoin ETF has turned to moderate outflows, reflecting weak price action and waning momentum. After strong inflows in the middle of the year, aggregate demand has leveled off, indicating a pause in institutional accumulation. Historically, this neutral liquidity regime aligns with market consolidation, namely, rebuilding confidence before the next directional move. A decisive return of fund inflows would signal a recovery in institutional confidence, while prolonged outflows could reinforce a more defensive market tone.
2. Exchange leverage dries up, derivatives sentiment calm
Bitcoin Perpetual Contract Funding Rates (Across Exchanges) 168-Hour Moving Average
Funding rates for Bitcoin perpetual futures on major exchanges remain subdued, highlighting a lack of speculative interest in the derivatives market. Both funding rates and open interest have declined since the leverage surge in October, suggesting traders remain cautious with limited directional exposure. This lack of aggressive positioning reflects a phase of market hesitation, typically occurring before renewed volatility. Currently, the derivatives landscape remains calm and balanced, favoring neutral sentiment rather than speculative momentum.
3. Options Market Remains Bearish
Bitcoin Options 25-Delta Skewness
Put protection remains high, indicating traders continue to pay a premium for downside insurance. Hedging remains a primary theme, with implied volatility priced in for short-term expiration options at approximately 11% biased towards puts. The bias is more moderate for three-month and six-month expiration options, with downside biases of 8 and 4 volatility points respectively. Currently, the lack of a clear catalyst limits the likelihood of the skew shifting in favor of call options. The options market continues to price in a retest of the $100 level and could potentially fall below it. However, ultimately, what matters is how the market reacts to such a test, not just the pricing of the event itself. Implied profit-taking pressure from traders is rising. In this environment, the clearing of futures open interest and leveraged positions could accelerate, and liquidity risks remain a concern.
4. On-Chain Data and Long-Term Holder Dynamics
Over the past 30 days, long-term Bitcoin holders have sold 815,000 BTC, a new high since January 2024. Given the current weak funding environment, price structure, and demand, persistently high spending by long-term holders (LTH) will further exacerbate market supply pressure. However, as of now, public on-chain reports have not explicitly disclosed changes in LTH spending this cycle.
On-chain data highlights the brief accumulation around $100, indicating local support, but upward momentum may be limited if short-term holders' cost base does not decisively recover. On-chain readings support the prospect of a bottom. As CoinDesk pointed out on Wednesday, Bitcoin's net unrealized profit (NUP) ratio has fallen to 0.476, a level historically indicative of a short-term market bottom.
Bitcoin Unrealized Profit Margin (NUP)
The NUP ratio has previously triggered price rallies, with Bitcoin experiencing double-digit percentage gains after several similar readings in 2024. This shift in sentiment occurs at a time when the broader market remains under pressure. The total market capitalization of cryptocurrencies has fallen to $3.47 trillion, continuing a month-long downtrend. On-chain data shows a brief accumulation around $100,000, indicating local support. However, if short-term holders' cost base doesn't decisively reclaim $111,900, "upward momentum may continue to be limited."
Technical Indicator Analysis
1. Relative Strength Index (RSI 14)
Bitcoin 14-day RSI data image
As of the end of this period, the RSI is approximately 39.29, in the weak zone.
The RSI has slightly rebounded compared to last week, no longer approaching the oversold threshold (<30 is oversold), but it is still far from rising to the upward momentum confirmation zone (>50), indicating limited short-term rebound strength.
2. Moving Average (MA) Analysis
MA5, MA20, MA50, MA100, M200 data chart. Latest moving average data shows:
- MA5 (5-day moving average): $101,775
- MA20 (20-day moving average): $107,005
- MA50 (50-day moving average): $112,843
- MA100 (100-day moving average): $115,029
- Current price: Approximately $99,653. The price is significantly below several key moving averages, indicating that the short-to-medium-term trend remains weak. If the price cannot quickly break through the MA20, the correction may continue.
3. Key Support and Resistance Levels
Support level: $97,500-$100,000 area; the current price is approaching the lower edge of support.
Resistance level: $106,000-$118,000 area. The current price is trading near support; a break below this level would increase the risk of a pullback; a break above resistance would open the door to a rebound.
Market Sentiment Analysis
Fear & Greed Index Data Image
As of November 14th, the "Fear & Greed Index" was approximately 22 points, placing it in the "Extreme Fear" range.
Looking back at this week (November 8th to November 14th), the Fear & Greed Index readings were 25 (Fear), 24 (Fear), 29 (Fear), 31 (Fear), 26 (Fear), 25 (Fear), and 22 (Fear). The overall range was between 31 and 22 points, consistently remaining within the "Fear" zone. After a brief rebound in sentiment between November 10th and 11th, market sentiment was quickly impacted by falling prices, leading to low investor confidence and a significant decline in risk appetite. Such low sentiment often aligns with the early stages of a market bottom, but it does not automatically indicate a reversal. If sentiment continues to deteriorate, be wary of panic triggering further selling pressure.
Macroeconomic Background
1. US Senate Begins Voting on the "Continuing Appropriations and Extensions Act of 2026"
November 11th news, according to Jinshi Data, the US Senate began voting on the "Continuing Appropriations and Extensions Act of 2026," which aims to provide government funding until January 30th and end the government shutdown.
Related Picture
2. ADP Data Reveals US Employment: Companies Lay Off Over 10,000 Per Week, Labor Market Continues to Weaken
November 12th, the latest weekly employment trend estimate released by the US payroll processing agency ADP showed that in the four weeks ending October 25th, US companies cut an average of more than 11,000 jobs per week, reflecting a continued slowdown in hiring activity in the fall. Analysts believe this sign reinforces the cooling trend in the labor market and provides more policy space for the Federal Reserve to continue cutting interest rates in the coming months.
ADP's monthly report last week showed that the private sector added 42,000 jobs in October, reversing two consecutive months of decline. However, the latest weekly estimate indicates that hiring is gradually slowing. ADP Chief Economist Nela Richardson stated, "The labor market struggled to create jobs steadily in the second half of the month." She added that ADP's immediate data reflects businesses remaining cautious about adding new jobs, particularly in the service and information technology sectors.
3. Record Shutdown Ends, Bitcoin Rises Slightly
November 13th news, according to Jinshi, Bitcoin rose slightly after the House of Representatives passed a spending bill aimed at ending the record-breaking US government shutdown. Trump signed the bill into law later on November 13th, which will provide funding for the government until January 30th. However, high uncertainty limited Bitcoin's gains. With the government reopening, official data will resume release, but the timing and reliability of these releases remain unclear. This data is key to determining expectations for a Federal Reserve rate cut in December.
Related Picture
4. US stocks fell across the board, with the Nasdaq down 2.29%.
According to Jinshi News on November 14th, US stocks closed down 1.6% on Thursday, the S&P 500 down 1.6%, and the Nasdaq Composite down 2.29%. Tesla (TSLA.O) fell more than 6%, Nvidia (NVDA.O) fell 3.5%, and Oracle (ORCL.N) and AMD (AMD.O) both fell more than 4%. Cisco (CSCO.O) bucked the trend, rising more than 4%. The Nasdaq China Golden Dragon Index fell 1.59%, Alibaba (BABA.N) rose 1%, and Baidu (BIDU.O) fell more than 6%.
3. Mining Dynamics
Hashrate Changes
Over the past seven days, the Bitcoin network hashrate has steadily increased, remaining within the range of 941.03 EH/s to 1281.50 EH/s this week, at a relatively high level.
From a trend perspective, the network hashrate remains high, with frequent but limited fluctuations, showing an overall strong trend. Affected by the stabilization of power supply in North American mining areas, the hashrate of many mining companies has gradually resumed operation, maintaining strong support for the network hashrate. This week's main hashrate fluctuations remained synchronized with the Bitcoin price movement: during the Bitcoin price correction on November 8th, the network hashrate briefly dipped, falling to a low of approximately 941.03 EH/s; subsequently, with the rapid price rebound, the hashrate also recovered synchronously, approaching a recent high by the end of the week. Against the backdrop of continuously increasing difficulty and high energy consumption, miner profits have been squeezed, causing a short-term adjustment in the hashrate within the high range, but the overall trend remains stable.
Weekly Bitcoin Network Hashrate Data
As of November 14th, the network hashrate reached 1.09 ZH/s, and the mining difficulty was 152.27 T. The next difficulty adjustment is expected to take place on November 26th, with an estimated increase of 0.40%, bringing the difficulty to approximately 152.88 T.
Bitcoin Mining Difficulty Data
Bitcoin Hash Price Index
From the perspective of daily revenue per unit of hashrate (Hashprice), Hashrate Index data shows that as of November 14th, 2025, the Hashprice was $41.23/PH/s/day. This week, Hashprice's price movement largely mirrored Bitcoin's, showing a pattern of high-level pullback followed by gradual recovery:
- November 11th: Weekly high of $43.35/PH/s/day
- November 7th: Weekly low of $40.58/PH/s/day
Hashprice's volatility is primarily driven by Bitcoin's price and transaction demand. Affected by Bitcoin's price correction and cooling on-chain demand, miner profits repeatedly failed to rebound. The continued rise in network hashrate further compressed the profit margin per unit of hashrate. Although there was a slight recovery over the weekend, it has not yet returned to the levels seen at the beginning of the week. Short-term profit pressure on miners remains, and the mining ecosystem is entering a phase that places greater emphasis on efficiency and cost control. Overall, it has shown some resilience. Considering Hashprice's price movement, miner profits have fluctuated in the short term, showing an overall downward trend, and miner profit margins are being compressed to some extent.
Hashprice Data
4. Policy and Regulatory News
South Korean Financial Regulators Plan to Submit Stablecoin Regulatory Bill to National Assembly by End of 2025
November 10th news: According to the Korea Times, South Korea's four major financial holding companies, KB, Shinhan, Hana, and Woori, are vying to establish partnerships with large technology companies such as Naver, Kakao, and Samsung Electronics to gain an advantage in the rapidly growing stablecoin market.
Domestic stablecoin trading volume in South Korea has exceeded 60 trillion won (approximately US$41.15 billion). Financial regulators are preparing to submit a stablecoin regulatory bill to National Assembly by the end of 2025. Banks are considered the primary issuer option for won-pegged stablecoins.
Related Picture
Stablecoin Development Receives Support from Japan's Financial Services Agency
On November 10th, Japan's Financial Services Agency (FSA) announced its support for a stablecoin experiment under the Payment Innovation Project (PIP) to be conducted in Japan starting in November 2025. Participants include Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi Corporation, Mitsubishi UFJ Trust, and Progmat Corporation. The FinTech Proof-of-Concept Center launched the PIP on November 7th, 2025. This experiment tests the joint issuance of so-called stablecoins (electronic payment methods) to verify legal and appropriate regulatory and operational responses.
The FSA will publish the results and conclusions of the experiment on its website upon completion, including compliance, supervisory responses, and legal interpretation issues related to consumer-facing services. The FSA will also indicate that the project meets criteria of clarity, social benefit, innovation, user protection, and feasibility. Availability and next steps depend on the experiment's results and relevant judicial approvals or EU/other cross-border considerations.
Related Picture
Canada's New Budget Allocates Resources to Stablecoin Governance Development
November 10th news: It's hard to believe, but for most of 2025, Canada had been without a budget following a tense election in which new Prime Minister Mark Carney narrowly won. Then, finally on Tuesday, Carney's Liberal Party, described by Conservative leader Pierre Polijev as the "most expensive government" in Canadian history, unveiled its financial plan, titled the "Budget for 2025," which surprisingly includes a small section on "creating a regulatory space for stablecoins."
The Trump administration became the first government to pass the GENIUS Act through Congress to legislate on stablecoins. "This afternoon, we took a giant step forward, signing the landmark GENIUS Act, putting the United States at the forefront of global finance and crypto technology," Trump announced. Since then, the stablecoin market has swelled to a market capitalization of $300 billion.
"The Budget for 2025 introduces a new federal framework to regulate the issuance of fiat-backed stablecoins," the document states. "Regulating stablecoin issuance will benefit all Canadians, ensuring stablecoins are backed by high-quality reserves, establishing appropriate redemption policies, and setting up appropriate data security and risk management protections."
The Bank of England proposes a £20,000 cap on individual stablecoin holdings.
On November 11th, the Bank of England proposed that 60% of the assets backing stablecoins could be short-term UK government bonds, with at least 40% held by the Bank of England.
The Bank of England proposed a £20,000 cap on individual stablecoin holdings and a £10 million cap on corporate holdings.
Stablecoins transitioning from the UK Financial Conduct Authority (FCA) regulatory system can have up to 95% of their reserve assets invested in short-term government bonds.
A bipartisan bill in the US Senate seeks to expand the CFTC's regulatory authority over the cryptocurrency spot market.
On November 11, according to Decrypt, Senator John Boozman, Chairman of the Senate Agriculture Committee, and Senator Cory Booker released a bipartisan draft bill that would grant the Commodity Futures Trading Commission (CFTC) explicit regulatory authority over spot trading in digital commodities.
The proposal requires major cryptocurrency spot platforms to register with the CFTC and implement anti-fraud, record-keeping, fund segregation, and dispute resolution measures. Brokers and dealers will follow separate registration rules. The draft explicitly protects the rights of self-custodial wallets, allowing individuals to directly hold and trade digital assets through hardware or software wallets. The draft defines digital commodities as "any fungible digital asset that can be held and transferred privately from person to person without the need for intermediaries and is recorded on a cryptographically secure public distributed ledger." The bill will take effect 270 days after enactment, with a transition period. The Senate passage timeline remains uncertain.
Related Picture
The Monetary Authority of Singapore (MAS) will pilot tokenized notes and introduce laws related to stablecoins.
November 13th, that it plans to pilot tokenized MAS notes and introduce legislation to regulate stablecoins. This comes as the MAS plans to build a scalable and secure tokenized financial ecosystem.
MAS Managing Director Chia Der Jiun stated at the Singapore Fintech Festival, “Tokenization has begun, but have asset-backed tokens reached ‘escape velocity’? Not yet.” He added that the MAS is refining the details of its stablecoin regulatory framework and will draft relevant legislation, with a core focus on “robust reserve asset backing and reliable redemption mechanisms.” Der Jiun further stated that the MAS is also supporting pilot projects under the “Blue Initiative,” which aims to explore the use of tokenized bank liabilities and regulated stablecoins for settlement.
5. Bitcoin-Related News
Collected and compiled content related to "Global Corporate and National Bitcoin Holdings (This Week's Statistics)"
1. American Bitcoin Corp. Purchases 139 Bitcoins
November 10th news: American Bitcoin Corp. (Nasdaq: ABTC) purchased approximately 139 Bitcoins, increasing its strategic reserves to approximately 4,004 Bitcoins. The purchase date is November 10, 2025.
2. International Business Settlement Holdings Acquires Nearly 248 Bitcoins, Worth $25.7 Million
November 10th news: According to Zhitong Finance, International Business Settlement Holdings Limited stated that it has acquired 247.8694 Bitcoins, worth $25.7 million.
3. Strive Increases Holdings by 1567 BTC, Total Holdings Reach 7525
November 10th news, according to Globenewswire, Nasdaq-listed Strive announced the completion of a 2 million share offering of variable-rate Series A perpetual preferred stock at $80 per share, raising a total of $160 million. The company also disclosed the purchase of 1567 bitcoins at an average price of $103,315, bringing its total bitcoin holdings to 7525 as of November 10th.
4. Canadian Listed Company Matador Technologies Discloses Increase in Bitcoin Holdings by 92
November 12th news, Canadian listed company Matador Technologies announced the completion of its previously disclosed $100 million secured convertible bond financing arrangement with ATW Partners, and the completion of the first drawdown under this financing arrangement, purchasing 92 bitcoins for CAD 13.2 million (US$9.5 million). The date of the increase was November 12, 2025.
5. Falconedge, a listed company, increased its holdings by 4.11 BTC, bringing its total holdings to approximately 19.275 BTC.
On November 12, according to an official announcement, Falconedge, listed on the London Stock Exchange, announced that it had increased its holdings by approximately 4.11 BTC, with an average purchase price of $102,164.39. As of now, its total Bitcoin holdings have reached approximately 19.275 BTC.
6. Hyperscale Data: Bitcoin Treasury Allocation Fund Expanded to $75.25 Million, Current Holdings Increased to Approximately 267.6 BTC.
On November 12, according to PR Newswire, Hyperscale Data, a NYSE American company, announced that it had expanded its Bitcoin Treasury Allocation Fund to $75.25 million, including current holdings and funds allocated to commit to purchasing Bitcoin.
Sentinum currently holds approximately 267.6862 Bitcoins and has allocated $47.25 million in cash for purchasing Bitcoins on the open market.
7.Analyst: Whales are accelerating their Bitcoin accumulation driven by positive macroeconomic factors.
November 13th news: Amidst the overall sideways movement in the crypto market this week, Bitcoin has entered a narrow trading range. However, analysts point out that a large-scale accumulation of tokens is taking place beneath the surface of market calm. Timothy Misir, Head of Research at BRN, stated, "Whales continue to accumulate, adding over 45,000 Bitcoins this week, the second largest increase since 2025." At current prices, this equates to an inflow of approximately $4.6 billion. He added that this indicates structural positioning is gradually being established amidst weak liquidity and low market momentum.
US Government Reopens Soon, Bitcoin Continues to Rise!
November 10th news: The longest US government shutdown in history is finally coming to an end.
A government shutdown due to a budget impasse is almost unique to the US political system. The 40-day shutdown significantly impacted global financial markets. The Nasdaq, Bitcoin, tech stocks, the Nikkei index, and even safe-haven assets like US Treasury bonds and gold were not spared.
Even the strained bipartisan relationship couldn't dampen the desire to enjoy Thanksgiving before November 27th. The recently concluded Senate session finally secured the 60 votes needed to push through the budget, potentially ending the longest government shutdown in history and allowing the US government to reopen smoothly. A mini bull market may be on the horizon!
Related Picture
DWF Labs Managing Partner: Personally Holds Only Bitcoin, USDT, and FF On November 10th, Andrei Grachev, Managing Partner of DWF Labs, stated that his personal investment portfolio only includes Bitcoin, USDT, and FF tokens, reminding investors to conduct their own research (DYOR).
Square Launches Bitcoin Payment Functionality, Merchants Can Choose BTC or Fiat Currency Settlement
November 10th news: According to an official announcement from Square, its Bitcoin payment function has officially launched. Merchants can now choose from four payment methods: BTC → BTC, BTC → Fiat, Fiat → BTC, or Fiat → Fiat.
Square founder Jack Dorsey stated on the X platform that this function allows sellers to directly receive Bitcoin to their Square wallets or choose automatic conversion to USD for settlement, marking the formal integration of Bitcoin payments into the mainstream merchant system.
Data: Short-Term Holders' MVRV Rises to 0.95, Bitcoin May Rebound to $115,000 to $120,000 Range
November 11th news: The US Senate passed a procedural motion. Under the agreement, Congress will provide full-year funding to the Department of Agriculture, the Department of Veterans Affairs, and Congress itself, while providing funding to other agencies until January 30th. Before the vote, eight key moderate Senate Democrats reached an agreement with the Senate Republican leader and the White House, agreeing to push for a government reopening on the condition of a future vote on extending the Affordable Care Act subsidy program.
Moderate Democrats defended their vote, arguing it was the best deal they could make. Kane, who voted in favor, argued that this would allow Democrats to push important healthcare issues to a vote.
CryptoQuant: Stablecoin Reserves Reach Historical Lows, Bitcoin May Usher in a New Round of Rise
On November 11th, CryptoQuant reported that the stablecoin supply ratio (SSR) has fallen to historically low levels (13), indicating a large amount of "dry powder" waiting to enter the market. Meanwhile, Binance's Bitcoin reserves have decreased while stablecoin reserves have increased—a liquidity pattern that has only appeared a few times since 2020, and each time has foreshadowed a strong rebound in Bitcoin prices.
Analysts point out that the current market exhibits weak selling pressure and an attractive risk/reward ratio, but investors should also closely monitor key support levels, as a break below these levels could trigger a deeper correction.
Bitget CEO: Bitcoin May Reach All-Time High If Fed Pauses Balance Sheet Reduction and Begins Rate Cut Cycle
November 11th, Forbes published an article citing Bitget CEO Gracy Chen's latest views on ETF inflows and the impact of institutional funds. She pointed out that the core driver of Bitcoin's current price has shifted to liquidity in the US market, rather than capital from Europe, the Middle East, or Asia. Funds from these regions tend to flow into the gold and stock markets, explaining the strong performance of gold, AI-related US stocks, and Chinese stock indices this year.
Gracy Chen believes that once the US government shutdown ends in November, fiscal spending and market liquidity will restart; if the Federal Reserve pauses its balance sheet reduction and begins a rate-cutting cycle in December, a new bull market for Bitcoin may officially begin. Back in January, Gracy Chen boldly predicted that "BTC is expected to break through $130,000 and further surge towards $150,000 to $200,000." Although this goal has not yet been achieved, she emphasized that once the government shutdown ends and the Federal Reserve shifts to easing, it's only a matter of time before Bitcoin reaches $150,000, whether in the fourth quarter of this year or the first quarter of next year. "I've personally gone all-in again and look forward to witnessing Bitcoin reach a new all-time high with everyone."
Related Picture
Windtermute Report: BTC Ready to Outperform Altcoins; No "Alternative Season" Yet
November 12th news: A new report from Windtermute suggests that current crypto market conditions are not conducive to an immediate altcoin season. Instead, analysis shows that Bitcoin may outperform altcoins in the short term.
