Bitcoin (BTC) — Onchain News & Whale Tracking

Approximately 64,000 Bitcoin mining rigs had their computing power hijacked, and the attackers failed to successfully mine blocks to obtain profits.

Approximately 64,000 Bitcoin mining rigs were hijacked, with a combined hashrate of around 13 EH/s. Attackers redirected the rigs’ hashrate to the OCEAN mining pool and set the payout address to a Bitcoin wallet under their control. The attack reportedly began around 20:00 Central Time (10:00 Beijing Time) on November 14. OCEAN’s dashboard showed its hashrate spiking sharply in a short window, nearly hitting 50 EH/s before falling back to around 40 EH/s. Mining hosting provider CoreX Hosting was the first to issue an alert, noting some rigs were unauthorizedly switched to other pools. An affected mine operator said their entire facility was hijacked, pointing to Luxor’s Commander mining management software as a potential root cause of the security incident. Other operators reported similar unauthorized pool-switching incidents several days earlier, suggesting the attack may be more widespread. CoreX later stated the attack appeared to have concluded, with the hijacked hashrate dropping from 13 EH/s to roughly 100 PH/s. The attackers failed to mine any Bitcoin blocks during the hijacking, so they earned no block rewards. However, affected miners permanently lost the Bitcoin mining revenue they would have generated during the attack, as this hashrate time is irrecoverable. To date, the full scope of the incident and whether Luxor Commander was compromised have not been independently verified.

German customs is expected to gain the authority to seize illegally sourced Bitcoin starting in 2027.

German customs may soon gain a new authority: even without initiating criminal proceedings, it can seize cryptocurrencies if there is sufficient reason to suspect their illegal origin. The German Bundestag passed the relevant reform bill on November 12, targeting large-value assets, especially those worth more than 100,000 euros. The bill is set to take effect on January 1, 2027, but still requires approval from the Bundesrat and formal promulgation. Aimed at strengthening customs' law enforcement powers and its ability to combat financial crime, the bill establishes an administrative procedure allowing law enforcement to freeze assets based on concrete evidence of suspected illegal origin. Therefore, merely holding large amounts of Bitcoin is not sufficient grounds for asset seizure. The German government has explicitly stated that crypto assets fall within the bill's scope. The government believes this mechanism will help address the challenge law enforcement faces in tracing the origin of certain assets, as asset holders possess information that can explain the source of funds. However, a distinction must be made between temporary seizure and final confiscation; the latter still requires a ruling by the finance court.

Michael Saylor has once again released information on the Bitcoin Tracker, potentially signaling an increase in BTC holdings.

Strategy founder Michael Saylor has once again shared updates on its Bitcoin Tracker, noting, "This pullback might need a little orange." Per past patterns, orange dots represent Strategy’s Bitcoin purchase records, so this move likely signals the company intends to increase its BTC holdings. Strategy typically discloses changes to its Bitcoin holdings the day after such announcements.

Peter Brandt: Bitcoin's head and shoulders top pattern may have formed, and historical highs are unlikely to be broken again.

Renowned trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, said in a social media post that Bitcoin’s price action may have formed a valid head and shoulders top pattern. If confirmed, this pattern would indicate that Bitcoin’s all-time high has been reached and will not be broken again at least in his lifetime.

He Yi: Bitcoin’s long-term logic remains solid, volatility is unavoidable.

Binance co-founder He Yi published an article stating that in the short term, a tightening macro environment and shifting market sentiment around AI financing prospects are putting pressure on various assets, a normal market reaction. However, in the long run, the fundamental logic underpinning Bitcoin and the crypto market remains solid: institutional infrastructure is continuously improving, market adoption is advancing, and volatility itself is an unavoidable part of the market’s maturation process.

Traders pull all-nighters: Bitcoin’s plunge has no substantial negative catalysts, so cherish low-priced positions.

Well-known trader "Aoying" stated in a post that today's crypto market plunge has no substantial negative catalysts, noting that Bitcoin's $62,000 price is the result of institutional investors incurring significant losses, advising market participants to hold onto this level.

Bitcoin's mining difficulty dropped by 9.13% yesterday to 134.82 T.

Bitcoin mining difficulty fell 9.13% on Saturday, marking the largest decline since June this year. Following a slowdown in block time to around 11 minutes, the adjustment is expected to boost the expected revenue of active miners. Per on-chain data, the difficulty adjustment took place at block height 975744 at 00:02 AM Eastern Time on November 14, with Bitcoin’s mining difficulty sliding from 148.36 T to 134.82 T.

OneKey Founder: Steer clear of leverage and altcoins during market corrections, hold firm to Bitcoin spot positions.

OneKey founder Yishi stated in a social media post that financial markets never trade yesterday’s sentiment, but rather expectations of future consensus and liquidity. The recent BTC price trend has disappointed many investors, with the entire crypto market generally gripped by fatigue, and some investors suffering severe financial losses and portfolio drawdowns. However, now is precisely not the time to succumb to despair. Market washouts and liquidity crunches are part of cyclical evolution; similar phases were experienced in 2015, 2018, 2022, and 2026. Even if BTC falls from $1 million to $500,000 in the future, the market may repeat this process. Core assets with genuine long-term value often solidify their positions when market attention is at its lowest and sentiment is most pessimistic. Investors should avoid using leverage and high-risk debt to bet on cycle bottoms, stay away from altcoins and get-rich-quick illusions, stick to holding core spot assets, and maintain sufficient cash flow to support normal living expenses. BTC often completes market washouts through extreme despair; only when market sentiment is completely frozen can the next rally possibly begin. In harsh market environments, survival is always the top priority, and time will ultimately select investors who can truly endure full market cycles.

Bitcoin briefly surged past $66,000

According to HTX market data, Bitcoin briefly broke through the $66,000 threshold and is now trading at $65,857, with its 24-hour decline narrowing to 1.88%.

Bitcoin rebounds to break through $65,000

According to HTX market data, Bitcoin has rebounded to break through the $65,000 mark, currently trading at $65,275, with its 24-hour decline narrowing to 2.5%.

Position-rolling trader AguilaTrades accurately shorted Bitcoin, then bottom-fished, netting over $5 million in profits.

According to on-chain analyst monitoring by Yu Jin, Bitcoin has experienced sharp recent swings. Renowned rollover trader AguilaTrades first shorted the falling market, then flipped to long positions when Bitcoin dropped to around $63,000. His account balance grew from roughly $610,000 to $5.86 million. Specific trade details: Nov 13: Shorted BTC at $71,697, closed the position at $69,081, netting a $1.3 million profit. Nov 14: Shorted BTC at $68,682, closed at $66,858, earning $1.34 million; another short position entered the same day at $67,197, closed at $65,527, for an $820,000 profit. Nov 15: Opened a long BTC position at $62,792, which remains open with an unrealized profit of $1.31 million.

Bitcoin falls below $64,000.

According to HTX market data, Bitcoin has fallen below $64,000, with a 24-hour decline of 4.58%.

The probability that Bitcoin will fall to $55,000 this year has risen to 35%.

Latest data from prediction market platform Predict.fun shows the probability of Bitcoin falling to $55,000 this year has climbed to 35%, up from 7% on November 5. Additionally, the likelihood of it dropping to $60,000 stands at 61%, while the probability of it rising to $90,000 is just 7%.

Bitcoin’s Ahr999 indicator has further dipped to 0.3064, and has remained in the buy-the-dip zone for 9 consecutive days.

According to the latest data from CoinGlass, Bitcoin’s Ahr999 index stands at 0.3064, a further drop from yesterday’s 0.3477, and remains below the 0.45 "buy-the-dip threshold". The index fell back below 0.45 on November 6, and has now stayed in the "buy-the-dip zone" for 9 consecutive days. The previous "buy-the-dip window" this year (May 29 to August 19, when the index was below 0.45) lasted approximately 82 days. Currently, Bitcoin’s 200-day dollar-cost averaging (DCA) cost is around $72,525. BlockBeats Note: The Ahr999 index helps Bitcoin DCA users make investment decisions by combining timing strategies. It reflects Bitcoin’s short-term DCA returns and the deviation between its price and expected valuation. Historically, Bitcoin’s Ahr999 index has been below the 0.45 buy-the-dip threshold for 741 days.

Analyst: Bitcoin short-term holders’ overall loss ratio has climbed to 73%, with trapped positions likely to continue suppressing its rebound.

Crypto analyst Murphy wrote in a post that Bitcoin’s current correction has pushed the Short-Term Holders’ Profit/Loss Ratio (STH-PSIL) to 73%. By comparison, during the previous cycle—driven by interest rate hikes and a traditional banking crisis—the metric hit 51% in the first correction round and rose to 67% in the second. Murphy dubbed the current trend a "giant pit start" and noted it bears similarities to the market performance between 2019 and 2020. During the 2019 first correction, the metric once climbed to 97%, and the market took roughly a year to recover from the slump afterward. Murphy said there’s no need for excessive pessimism right now, but investor confidence has been damaged. A large volume of trapped positions above the current price may continue to exert selling pressure when the price rebounds to key levels, making the current recovery more challenging than the 2019 cycle. He added that he built a heavy BTC position from February to June, and despite the current price being near his cost basis, he has no plans to sell.

Analysis: Bitcoin's selling pressure remains primarily from the US, with Coinbase's spot selling pressure being the most prominent.

Anchorage Digital’s Head of Research David Lawant noted in a post that Bitcoin’s selling pressure remains primarily driven by the U.S. The chart he shared shows that between November 9 and 14 UTC, the cumulative volume difference (CVD) of major BTC spot trading pairs on Coinbase fell to approximately -8,900 BTC, indicating active sell volume outpaced active buy volume by around 8,900 BTC — the largest gap among the four exchanges included in the chart. During the same period, Binance and Bybit’s CVD stood at roughly -3,100 BTC and -700 BTC respectively, while OKX’s CVD was approximately +1,400 BTC.

Analyst: Bitcoin’s current sell-off is mainly driven by leverage liquidation, recommends "buying amid panic".

Wellington-Altus strategy analyst James E. Thorne published a report stating that Bitcoin’s "head and shoulders bottom" technical pattern remains intact. The left shoulder is near $59,000, the head is around $57,000, and the right shoulder is currently forming. He pointed out that the recent sell-off was mainly triggered by the liquidation of leveraged positions, not a deterioration in fundamentals, and advised buying amid the panic. Bitcoin will first need to reclaim $73,000, then break through $87,000 to confirm this pattern. If the pattern is validated, Thorne’s mid-2027 Bitcoin target is $117,000, and he expects the cryptocurrency to subsequently surpass its all-time high of $126,000, with a year-end target of $150,000 to $170,000. If Bitcoin falls below $57,000, the above assessment will be invalid.

Bitcoin rebounds to break through $65,000

According to HTX market data, Bitcoin has rebounded to break through $65,000, with its 24-hour decline narrowing to 3.9%.

Bitcoin posts a V-shaped reversal, rebounding more than 4% from its recent low.

According to HTX market data, Bitcoin once dipped to $62,006 before rallying rapidly. In the past hour, it has rebounded to $64,836, a roughly 4.56% gain from the low point, recapturing the $64,000 threshold it held ahead of the sharp sell-off.

Bitcoin rebounds, breaking through $64,000.

According to HTX market data, Bitcoin has rebounded to surpass $64,000, with a 6.05% decline in the past 24 hours.

Strategy's unrealized loss on its Bitcoin holdings widens to $11.14 billion

As Bitcoin falls below $63,000, unrealized losses on holdings at Strategy, the world’s largest corporate Bitcoin treasury firm, have widened further. A SEC 8-K filing submitted by Strategy on November 9 shows the firm currently holds 850,364 BTC, with a total cost of approximately $64.16 billion and an average cost basis of $75,456 per BTC. Calculated at Bitcoin’s current price of $62,354, Strategy’s total unrealized loss on its Bitcoin holdings has reached $11.14 billion.

Bitcoin falls below $63,000

According to HTX market data, Bitcoin has fallen below $63,000, with a 24-hour decline of 7.69%.

Bitcoin falls below $64,000, altcoins see broad declines, KAVA plunges over 60% in 24 hours.

According to HTX market data, as Bitcoin fell below $64,000, altcoins saw a broad sell-off. Specifics: KAVA is currently priced at $0.02651, down 60.99% in 24 hours; AGT trades at $0.03491, a 29.53% 24-hour drop; ASTER is at $0.4875, down 24.33% over 24 hours; BERA stands at $0.0924, down 23.95% in 24 hours; "Niu Lai" is priced at $0.04834, down 22.66% in 24 hours; H is at $0.01652, down 22.59% over 24 hours; USELESS trades at $0.09761, a 21.98% 24-hour decline; PENGU is at $0.004823, down 20.93% in 24 hours; PONS is priced at $0.115, down 19.92% over 24 hours.

Bitcoin falls below $64,000

According to HTX market data, Bitcoin has fallen below $64,000, currently trading at $63,779.93, with a 6.47% decline over the past 24 hours.

Bitcoin drops to $65,000

According to HTX market data, Bitcoin has fallen to touch $65,000, currently trading at $65,375, with a 24-hour decline of 4.82%.

Bitcoin fell below $66,000 to hit a new low in the current correction cycle, with a near 25% phase decline, and the total cryptocurrency market capitalization evaporated over $680 billion during the same period.

According to HTX market data, Bitcoin has fallen below $66,000, hitting a new low for this round of correction. It has dropped nearly 25% from its September 21 phase high of $87,395. Meanwhile, Ethereum also declined to $1,845, down nearly 35% from its September 21 phase high of $2,807. The total market capitalization of cryptocurrencies currently stands at $2.354 trillion, down 3.3% over the past 24 hours, and has erased 23% from its September 22 phase high of $3.04 trillion. Notably, altcoins have seen relatively smaller corrections compared to top cryptocurrencies by market cap.

A crypto whale transferred Bitcoin out of Binance and amassed over $115 million worth of Bitcoin.

According to monitoring from OnchainLens, a crypto whale has just withdrawn 441 BTC from Binance once more, valued at roughly $29.31 million. Over the past five months, the wallet has received around 2,943 BTC from Binance-linked wallets, transferred out approximately 1,208 BTC, and currently holds 1,735 BTC worth about $115.25 million.

Bitcoin falls below $66,000, with a 3.4% drop over 24 hours.

According to HTX market data, Bitcoin has fallen below $66,000, with a 3.4% decline in the past 24 hours.

Li Yihua: Discussed with Justin Sun the reasons for being bearish on the Nasdaq and Bitcoin; the AI industry chain may usher in a round of deleveraging and bubble correction.

易理华, founder of Liquid Capital, posted that after exiting Bitcoin at the $86,000 peak, he had been seeking opportunities to buy the dip. However, with the Democratic Party taking office and the Jensen Huang incident completely disrupting the short-term AI ecosystem, his recent reflections on the impact this will have on the U.S. stock market over the next 1-2 years have outstripped the data frameworks used to analyze Bitcoin trading. Last night, he discussed for nearly an hour with Justin Sun, exploring why Sun is bearish on the Nasdaq and Bitcoin. Sun noted that liquidating AI stocks now could well prove to be a future peak. Over the past few years, AI firms represented by NVIDIA have amassed far more leverage and subprime-style debt due to excessive optimism about the AI trend than the current growth in AI revenue. If issues emerge with leading player NVIDIA or even Elon Musk, the entire industry will face deleveraging and a bubble-bursting process, leading to a sharp, sustained correction in the U.S. stock market. In a worst-case scenario, this could even trigger a financial crisis; one must always prepare for the worst.

Early Bitcoin supporter Erik Voorhees appears to be bottom-fishing for Ethereum, buying 48,647 ETH over the past four days.

According to Lookonchain's monitoring, Erik Voorhees, an early Bitcoin supporter and founder of ShapeShift, appears to be buying the dip on Ethereum. Multiple wallets linked to Voorhees spent $97 million over the past four days to acquire 48,647 ETH at an average price of $1,994. These wallets still hold $78.68 million in stablecoins, indicating they may continue purchasing.

Analysis: Bitcoin’s active supply in loss has surpassed that in profit, historical patterns point to a cyclical bottom.

CryptoQuant analyst Darkfost noted that the proportion of active Bitcoin supply currently in a loss state has exceeded that of profitable supply. The estimate excludes Bitcoin that has not moved for over a decade. After adjustment, the share of supply in profit stands at less than 45%, meaning the majority of Bitcoin in this group is currently trapped in losses. Historically, when this proportion falls below 40%, it typically aligns with the bottom of a market correction phase. Conversely, when this proportion approaches 100%—meaning nearly all active Bitcoin holdings are in profit—the risk of a downward market reversal rises. The analyst argues that contrarian investing is becoming increasingly attractive: building positions gradually when the market is dominated by losses, while reducing positions appropriately when profitability becomes widespread.

BIT-related entities hold a total of $155 million in long positions of Bitcoin (BTC) and Ethereum (ETH), with an unrealized loss of $44.06 million at present.

According to monitoring by Ai Yi, the "Iron Head Bulls" (a BIT-affiliated entity) that previously took a large long position of 120,000 ETH has recently activated a batch of new addresses to re-establish long positions. The nine addresses currently hold a combined long position valued at roughly $155 million, comprising 60,841.22 ETH and 600 BTC, with an unrealized loss of approximately $44.06 million—excluding substantial funding fee expenses. All of the entity’s previously used operating addresses have been deactivated, per reports. Between April and August this year, it amassed over $67.05 million in profits from ETH long trades. The move to reactivate new addresses to build large-scale long positions signals that some of its earlier accumulated profits may now face pressure of being eroded.

US spot Bitcoin ETFs have posted net outflows of $2.35 billion over two consecutive weeks, with BlackRock’s IBIT facing capital withdrawals for 11 straight trading days.

U.S. spot Bitcoin ETFs have posted net outflows for two consecutive weeks, totaling $2.35 billion. Of this, net outflows reached $1.07 billion for the week of November 9 to 13, and $1.28 billion for the prior week. On Friday, U.S. spot Bitcoin ETFs recorded a single-day net outflow of $185.4 million, with BlackRock’s IBIT seeing $143.5 million in outflows and Fidelity’s FBTC posting $41.9 million in outflows. This marks the seventh consecutive trading day of net outflows for U.S. spot Bitcoin ETFs, with cumulative outflows totaling around $1.71 billion since November 5. Among them, BlackRock’s IBIT has suffered net outflows for 11 consecutive trading days, with total outflows reaching roughly $2.35 billion. The fund’s net outflows since November have hit $2.12 billion, accounting for approximately 90% of the total net outflows of U.S. spot Bitcoin ETFs over the same period.

U.S. spot Bitcoin ETFs recorded a net outflow of $185.4 million yesterday, extending their streak of large net outflows to seven consecutive trading days.

According to Farside's monitoring, US spot Bitcoin ETFs saw a net outflow of $185.4 million yesterday, marking the seventh consecutive trading day of large net outflows.

Bitcoin rebounds to break through $67,000

According to HTX market data, Bitcoin has rebounded to break through the $67,000 mark, with its 24-hour decline narrowing to 2.65%.

Bitcoin's Ahr999 bottom-fishing indicator stands at 0.34, having fallen back to its mid-August level.

According to HTX market data, Bitcoin experienced a sharp price drop on Saturday, falling from the $69,000 range earlier this morning to as low as $66,700. The cryptocurrency has declined 12% over the past seven days and 18% over the past 30 days. Bitcoin’s Ahr999 “bottom-fishing” indicator has now fallen back to its mid-August level, standing at 0.34. The previous “bottom-fishing window” (May 29 to August 19 this year, when the indicator was below 0.45) lasted about 82 days. BlockBeats Note: The Ahr999 indicator assists Bitcoin dollar-cost averaging (DCA) users in making investment decisions by combining timing strategies. It incorporates the short-term return of Bitcoin’s DCA and the deviation between Bitcoin’s price and its expected valuation. Historically, Bitcoin’s Ahr999 index has remained below the bottom threshold (0.45) for 655 days.

Analysis: Bitcoin's sharp plunge did not trigger panic selling among short-term holders, with $68,000 emerging as the primary support level for buying interest.

Crypto analyst Murphy noted in a post that following yesterday’s sharp BTC plunge, the high-trapped coins of short-term holders (STH) only saw minor loosening. Data shows roughly 1.48 million BTC are held in the $73,000–$86,000 range, making up 68% of total STH holdings, all currently in unrealized losses. Yet only a net 34,000 BTC were removed from this range yesterday, accounting for ~2.3%, indicating most short-term holders did not panic-sell amid the downturn. Specifically, the $75k, $80k, and $85k cost ranges saw reductions of 7,282, 8,481, and 5,441 BTC respectively, with selling pressure relatively dispersed. Meanwhile, total STH holdings added a net 17,500 BTC that day, meaning some long-term holders (LTH) also distributed their coins during the drop. Coin accumulation was concentrated mainly at $68k, with ~42,200 new BTC added to this range alone. For profitable coins, the $62k–$64k range holds ~480,000 BTC, the only large profitable segment among current STHs, with a reduction of just ~3,100 BTC yesterday, less than 1%. Murphy argues this range is the nearest immediate support below; if BTC falls into it, short-term holders’ profitable coins will largely be erased, and market sentiment pressure could rise further. Conversely, if the upper trapped coins stay stable, prices still have a chance to regain support going forward.

MicroStrategy's unrealized loss on its Bitcoin holdings widens to $6.85 billion.

As Bitcoin briefly dipped below $67,000, the floating loss on holdings of Strategy — the world’s largest Bitcoin treasury firm — has widened further. In an SEC 8-K filing submitted on November 9, Strategy disclosed it currently holds 850,364 BTC, with a total cost of approximately $64.16 billion and an average holding price of $75,456. Calculated at Bitcoin’s current price of $67,400, Strategy’s overall floating loss on its Bitcoin positions has reached $6.85 billion.

Bitcoin falls below $67,000.

According to HTX market data, Bitcoin has fallen below $67,000.

Bitcoin fell below $68,000 again early this morning, with $1.291 billion in liquidations across the network over the past 24 hours.

According to HTX market data, Bitcoin once again dipped below $68,000 early this morning, hitting a low of $67,865. As of press time, it has rebounded to $68,274, with its 24-hour decline narrowing to 3.73%. Over the past 24 hours, total network liquidations hit $1.291 billion, including $1.078 billion in long positions and $213 million in short positions. A total of 164,145 traders were liquidated in the period, with the largest single liquidation order coming from Hyperliquid-BTC-USD, valued at $20.1535 million.

Coinbase's Bitcoin Premium Index has posted negative readings for 51 consecutive days, reflecting a sustained slump in U.S. market purchasing power.

According to CoinGlass data, Coinbase’s Bitcoin Premium Index has recorded negative values for 51 consecutive days, with the latest reading at -0.1%, pointing to continued sluggish purchasing power in the U.S. market. Earlier, on August 24, the index turned positive for the first time since May 19, hitting 0.0052%, briefly ending its historical longest negative premium streak of 97 days. The Coinbase Bitcoin Premium Index tracks the Bitcoin price spread between Coinbase Pro and Binance. A sustained negative index usually means Coinbase’s quoted price is relatively lower, reflecting weak buying demand or heavy selling pressure in the U.S. market, though the metric alone should not be used to directly conclude that institutional funds are flowing out.

Analysis: Factors including Anthropic’s IPO squeezing liquidity, Jensen Huang’s departure, and rising expectations of Federal Reserve interest rate hikes have driven Bitcoin lower.

Bitcoin is on track to log its sixth consecutive weekly decline, a losing streak similar to the first quarter of this year, when the cryptocurrency bottomed near $60,000. The longest weekly losing streak in Bitcoin’s history was nine straight weeks in 2022. Since November, Bitcoin has fallen 11%, 17% since the start of the fourth quarter, and 21% year-to-date in 2026. Next week, the market will host Anthropic’s IPO, with subscription orders roughly six times the number of shares available for sale. Anthropic plans to raise up to $64.4 billion via the IPO, plus an additional $26 billion in concurrent private placements, targeting a fully diluted valuation of around $1.4 trillion. Nvidia has committed to investing roughly $10 billion in the private placement. Some investors may be freeing up capital to participate in the Anthropic IPO, which offers one explanation for Bitcoin’s recent sell-off. Taking price action around SpaceX’s IPO as a reference: between June 1 and 5 this year, Bitcoin dropped from around $75,000 to $60,000, a roughly 20% decline; after SpaceX listed on June 12, Bitcoin rebounded to nearly $68,000. Beyond potential capital diversion, Jensen Huang’s resignation as Nvidia’s CEO, and rising market expectations of a 25 basis point interest rate hike by the Federal Reserve at its December 9 meeting, have also weighed on Bitcoin.

Analyst: If Bitcoin falls below $69,000, it may retest the $65,000 level.

Bitcoin has pulled back to around $68,500. Matt Mena, senior crypto research strategist at 21Shares, stated that if Bitcoin breaks below $69,000, it could retest $65,000 again. For Bitcoin to stage a sustained rally, it must first reclaim $70,000, followed by $74,000. Mena added that Bitcoin still has the potential to rally to $87,000 and climb further above $90,000. He pointed out that historical data shows Bitcoin’s average return in the fourth quarter exceeds 61%.

Bitcoin and Ethereum ETFs See Massive Outflows: $BTC -$308.81M, $ETH -$64.95M in 24 Hours

Nov 13 Update: #Bitcoin ETFs: 1D NetFlow: -4,423 $BTC(-$308.81M)?? 7D NetFlow: -19,045 $BTC(-$1.33B)?? #Ethereum ETFs: 1D NetFlow: -32,917 $ETH(-$64.95M)?? 7D NetFlow: -218,001 $ETH(-$430.15M)??

Bitcoin rebounds, breaks through $70,000

According to HTX market data, Bitcoin has rebounded to break through the $70,000 level, with a 3.62% decline in the past 24 hours.

Analyst: Bitcoin’s momentum indicators have weakened; if historical bearish patterns repeat, BTC could drop below $60,000.

Crypto analyst Omkar Godbole noted in a post that Bitcoin’s weekly MACD histogram dropped below the zero line this week, signaling weakening price momentum. The weekly bearish signal will only be confirmed if the histogram remains negative at Sunday’s weekly close. At press time, Bitcoin trades at around $69,000; a 16% drop would push it below $60,000, approaching this year’s low of roughly $57,700. Statistics show that since November 2012, Bitcoin’s weekly MACD has generated 24 bearish signals. Of those, in 13 cases, Bitcoin fell at least 16% from the signal confirmation before the indicator turned bullish again. Among these 13 instances, 5 saw the decline hit within a week, 10 within four weeks, with a median time of three weeks. Notably, in November 2018 and February 2014, Bitcoin dropped 38% and 35% respectively within a week after signal confirmation. Conversely, the other 11 times saw declines of less than 16%. The most recent bearish signal occurred in June this year, when Bitcoin only fell around 3% to $57,700 before rebounding. The current signal emerges amid outflows from U.S. spot Bitcoin ETFs and a strengthening U.S. dollar, though a single technical indicator is insufficient to determine whether Bitcoin will retest this year’s low.

A crypto whale has withdrawn a total of $72.89 million worth of Bitcoin from Binance.

According to Onchain Lens monitoring, a whale has just withdrawn another 742.5 BTC from Binance, worth approximately $51.48 million. Over the past 19 hours, the whale has received a total of 1042.5 BTC from Binance, valued at around $72.89 million. Currently, the wallet holds approximately 1,410 BTC, worth about $97.81 million.

A prominent trader says Bitcoin has bottomed out near $68,000, and the trader is now aggressively buying in large volumes.

Well-known trader Doctor Profit stated in a post that he believes Bitcoin has bottomed near $68,000 and is aggressively buying at this level. Bitcoin is currently in the "golden pocket" range of Fibonacci retracement and has hit the 200-week moving average. According to him, over the past decade, the combination of the 200-week moving average and Bitcoin's four-year cycle has been a key signal for identifying bear market bottoms in each cycle. He also noted that in June, some traders were bearish on Bitcoin when it traded around $60,000, but the price subsequently rose to $87,000. Doctor Profit expects Bitcoin will not hit a new low in the current cycle.

JPMorgan increased its holdings in Strategy by approximately 36% in the third quarter, and holds around $540 million worth of BlackRock’s Bitcoin ETF.

JPMorgan’s latest 13F filing shows that as of September 30, it held 848,900 common shares of Strategy, with a market value of approximately $131.3 million calculated at the end-of-quarter price. Compared to the 624,400 shares held at the end of the second quarter, the share count increased by 224,500, a rise of around 36%. During the same period, the firm held 11,408,900 shares of BlackRock’s Bitcoin ETF (IBIT), with a market value of about $540 million, up approximately 9.6% from the 10,407,600 shares held at the end of Q2. The same filing also lists 1,581,800 common shares of Coinbase, valued at around $301 million, as well as stakes in Robinhood and listed Bitcoin mining companies including Core Scientific, MARA Holdings, Riot Platforms, Hut 8, and CleanSpark. The filing further shows JPMorgan holds a large number of Strategy put and call options: the put options correspond to around 1,148,500 shares with a notional value of approximately $178 million, while the call options correspond to around 349,500 shares with a notional value of $54.06 million.

JPMorgan Chase raised its holdings in Strategy by roughly 36% in the third quarter, and held approximately $540 million worth of BlackRock’s Bitcoin ETF.

JPMorgan Chase’s latest 13F filing shows that as of September 30, it held 848,900 common shares of Strategy, with a market value of roughly $131.3 million calculated at end-of-quarter prices. Compared to 624,400 shares held at the end of Q2, the holding volume rose by 224,500 shares, a 36% increase. In the same period, the firm held 11,408,900 shares of BlackRock’s Bitcoin ETF (IBIT), valued at approximately $540 million, up 9.6% from 10,407,600 shares at the end of Q2. The same filing also lists 1,581,800 common shares of Coinbase, worth around $301 million, plus holdings in publicly traded bitcoin miners including Robinhood, Core Scientific, MARA Holdings, Riot Platforms, Hut 8, and CleanSpark. The filing further reveals JPMorgan holds a large position in Strategy put and call options: the put options correspond to roughly 1,148,500 shares with a notional value of $178 million, while the call options cover about 349,500 shares with a notional value of $54.06 million.