Bitcoin (BTC) — Onchain News & Whale Tracking

MSCI includes Bitcoin treasury firm The Smarter Web Company in its Global Micro Cap Index.

In its November index review, index provider MSCI added UK-based Bitcoin treasury firm The Smarter Web Company (ticker: SWC) to the MSCI Global Micro Cap Index. The changes will take effect after the close of trading on November 30. Meanwhile, MSCI removed Strategy from its indices including the MSCI USA Index in the same review, with the adjustments also effective after the close on November 30.

Strive CEO: Bitcoin hits the 200-week moving average, long-term risk-reward profile is now constructive.

Matt Cole, CEO of crypto treasury firm Strive, noted in a post that Bitcoin has recently fallen to around its 200-week moving average, near $68,000. Historically, this level has typically been one of the best times for investors to increase their Bitcoin risk exposure. He acknowledged that Bitcoin’s downturns and years of negative returns have been tough for many investors—especially those unaccustomed to its extreme volatility—but as a long-term Bitcoin believer, he has long grown accustomed to these cyclical fluctuations. Despite recent bearish market sentiment, Cole remains highly constructive on Bitcoin’s outlook heading into 2027. He argued that the current dip should not spark panic; instead, it should be viewed as a rare opportunity, even a "blessing". Long-term investors should learn to adapt to this volatility and see the current slump as a window to generate additional value.

Analysis: Binance Bitcoin order absorption ratio drops to one-year low, extreme pessimism could signal a short-term reversal

CryptoQuant analyst Darkfost noted that Bitcoin has accelerated its pullback in recent days, dropping 17.5% from its recent peak of $87,400 — a correction relatively common in a bull market phase. However, bearish sentiment in the derivatives space is intensifying. Binance’s order book buy-sell ratio has fallen to a 1+ year low of 0.85, with sell orders dominating the platform’s trading volume. Meanwhile, the monthly average of this metric has plummeted to 0.97, hitting a new low since February this year when Bitcoin plunged below $60,000 and accelerated its pullback. The analyst explained that this data reflects derivatives traders are trapped in extreme bearish sentiment. Still, such extreme pessimism often occurs in the later stage of a pullback; in the short term, this indicator typically acts as a bullish "contrarian signal". When market panic is fully priced in, it often signals an upcoming rebound opportunity.

Data: Bitcoin is nearing a breakdown below the on-chain average cost line, and has remained below the cost basis of short-term holders for five consecutive days.

Analyst Axel Adler Jr. wrote that Bitcoin once fell to around $68,000 and has stayed below the short-term holder realized price of $75,429 for five consecutive days. The price-to-cost ratio is approximately 0.90, indicating that short-term holders as a whole face an unrealized loss of around 10%, and the gap between the spot price and the average cost of recent buyers has further widened. Over the same period, the MVRV Z-Score dropped 0.13 week-over-week to 0.54. The indicator remains positive, but the market’s overall unrealized profit buffer is narrowing. If it falls below zero, it means the price has dropped below the on-chain average cost. The analyst noted that when this indicator turned negative in late 2022, it was accompanied by the final capitulation sell-off of the bear market. The last time the indicator approached this reading was on August 19, when Bitcoin traded at around $69,335, and it rose by about 14% a week later. Over the past year, the indicator has been at or below this level on 38% of trading days. Bitcoin is still in a correction; if it can sustainably rise back above the short-term holder realized price, it will reinforce the view that the market is building support. If the MVRV Z-Score breaks below zero, it signals deeper pressure.

Analysis: Binance’s Bitcoin taker order ratio drops to a one-year low, extreme pessimism may signal a short-term reversal

CryptoQuant analyst Darkfost pointed out that Bitcoin has accelerated its pullback in recent days, falling 17.5% from its recent peak of $87,400 — a correction relatively common in bull markets. However, pessimism in the derivatives market is intensifying. Binance’s taker buy-sell ratio has dropped to a more than one-year low of 0.85, with sell orders dominating the platform’s trading volume. The monthly average of this metric has also plummeted to 0.97, marking a new low since February this year, when Bitcoin plunged below $60,000 and accelerated its pullback. The analyst noted that this data indicates derivatives traders are in extreme pessimism. However, such extreme bearish sentiment often emerges in the late stage of a pullback; in the short term, this metric typically serves as a bullish contrarian signal. Once market panic is fully priced in, it often signals an impending rebound opportunity.

Traders "hold out patiently" for Bitcoin: All initial bottom-fishing positions have been fully purchased, priced between $66,000 and $68,000.

Well-known trader "Aoying" posted that Bitcoin has entered the dip-buying range of $68,000 to $66,000, and he has fully built up his core position.

Bitcoin rebounds to break through $69,000

According to HTX market data, Bitcoin has rebounded to break through the $69,000 mark, with its 24-hour decline narrowing to 5.9%.

Trader holds firm for Bitcoin: Full initial bottom-fishing position purchased at $66,000 to $68,000

Well-known trader "Aoying" posted that Bitcoin has entered the bottom-fishing range of $68,000 to $66,000, and he has fully bought his entire core position.

Abnormal large transactions in Bitcoin futures contracts briefly appeared on Binance, likely stemming from a liquidation by a major futures whale.

According to market data, an unusually large transaction on Binance's Bitcoin USDT futures contract occurred at 13:56, with 10,296 Bitcoin traded in a short time, totaling $698 million in volume, likely a liquidation by a futures whale.

Analysis: Bitcoin valuation hits historical extreme undervaluation, standing at the 3.4th percentile of the full cycle.

Analyst Darkfost, using the power-law quantile regression model, points out that Bitcoin has broken below a key support level, with market panic spreading rapidly. This stands in stark contrast to the profit-dominated market environment seen just a few weeks ago. Currently, Bitcoin has reached an extreme level of undervaluation; over its entire historical cycle, it has only stayed in this range roughly 3.4% of the time. Darkfost believes that instead of fearing the current market situation, investors should learn to capitalize on these extreme moments. In the long run, the strategy of buying the dip during such extreme undervaluation periods has consistently proven effective. When panic pushes valuations to their limits, it often creates strong long-term positioning opportunities.

Bitcoin has rallied 1.84% over the past 30 minutes, now trading at $68,800.

According to HTX market data, Bitcoin has extended its downward movement today, hitting a temporary low of $67,568 in a sudden flash dip before quickly bouncing back to recoup some losses. It is now trading at $68,800, with a 1.84% rebound over the past 30 minutes, while its 24-hour decline has narrowed to 6.52%.

Three Hyperliquid whales collectively shorted approximately $19.66 million worth of Bitcoin (BTC).

According to OnchainLens monitoring, three large crypto whales hold a combined BTC short position worth approximately $19.66 million on Hyperliquid, with leverage ranging from 10x to 25x. One of them has a historical cumulative loss of around $24.86 million, while another has a historical cumulative profit of about $17.08 million.

Bitcoin falls below $68,000

According to HTX market data, Bitcoin has dropped below $68,000.

Two early Bitcoin miners dormant for over 16 years reactivated their wallets and transferred a total of 100 BTC.

According to TradingBeats’ monitoring, two wallets that mined 50 BTC each on September 8, 2010 and September 19, 2010 respectively have resumed activity after being dormant for more than 16 years, transferring a combined total of 100 BTC to a new wallet. When these 100 BTC were mined, they were worth approximately $6; at the current price of around $69,000 per BTC, their total value has risen to roughly $6.9 million, marking an increase of about 1.15 million times.

Bitcoin plunges amid panic selling, with three long positions worth over $10 million liquidated in the last five minutes.

According to HTX market data, Bitcoin saw a short-term panic sell-off, breaking below $70,000 and then falling further below $69,000. It is currently trading at $69,358.54, with a 3.28% drop in the past 24 hours. Separately, Coinglass data shows that three long positions worth over $10 million were liquidated in the market in just 5 minutes. Two of these liquidations occurred on Binance, and one on Bybit. Total liquidations across the entire network hit $52.7155 million over the past 30 minutes, with 1,172 liquidation orders.

Bitcoin drops below $69,000

According to HTX market data, Bitcoin has fallen below $69,000, with a 24-hour decline of 6.36%.

Huang's ouster leads to losses for the crypto community, as Bitcoin falls below the $70,000 mark and bullish traders shift to a cautious outlook.

Following the U.S. midterm elections, Bitcoin has remained weak. Recently, its decline has accelerated amid factors including the Jensen Huang incident and macroeconomic conditions. As of press time, per HTX market data, Bitcoin has officially broken below the key psychological threshold of $70,000, trading at $69,637.87. On the daily chart, Bitcoin has started to give back gains from its sharp rally during the August 19 period. In response, most traders and analysts who were previously bullish on the market have shifted to cautious and bearish outlooks. Yilihua, founder of Liquid Capital, posted multiple times yesterday, noting that Binance’s black swan incident and the U.S. Democratic Party’s landslide victory have significantly impacted both AI U.S. stocks and the crypto market, advising investors to adjust strategies continuously based on market conditions. At this stage, investors should remain wary of premature bottom-fishing, and it is recommended to wait for market trends to clarify before pursuing right-side trading opportunities. Jiang Zhuoer, founder of LeBit Mining Pool, said early today that Bitcoin is "very unlikely to have hit the bottom" at present, with the market in a large-scale downtrend and no immediate V-shaped rebound expected. Market recovery will require a return of spot market demand. Killa, a prominent trader who accurately bottom-fished Bitcoin in June this year, admitted in a post today that he had been "overly optimistic" about the recent market trend. He also believes that real panic is likely to set in after Bitcoin falls below $70,000. However, if Bitcoin drops below $57,000, it would mean the market has been in a downtrend for over 400 days, exceeding the 2023 bear market and the cycle acceleration-deceleration factor he previously referenced. He emphasized that after midterm elections, the market typically signals explosive upside for BTC on a higher time frame.

Bitcoin falls below $70,000

According to HTX market data, Bitcoin has fallen below $70,000, with a 5.22% drop in the past 24 hours.

Bitcoin falls below $71,000, hitting a new low since September.

According to HTX market data, Bitcoin has fallen below $71,000, hitting its lowest level since September, and is currently trading at $70,902, with a 4.27% decline in the past 24 hours.

If Bitcoin drops below $70,000, the total liquidation volume of long positions across major centralized crypto exchanges (CEXs) will hit $622 million.

According to Coinglass data, if Bitcoin falls below $70,000, the cumulative long liquidation intensity on major centralized exchanges (CEXs) will reach $622 million. Conversely, if Bitcoin breaks through $73,000, the cumulative short liquidation intensity on major CEXs will hit $838 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to adjacent clusters—i.e., intensity. Therefore, the chart shows the degree of market impact when the underlying asset’s price reaches a certain level. A higher "liquidation bar" indicates that once the price hits that level, it will trigger a more intense reaction driven by liquidity waves.

Friday kicked off with a slump: Bitcoin extended its losses, and the three major U.S. stock indexes closed lower.

Federal Reserve officials delivered a series of hawkish remarks on Thursday, reinforcing market expectations of further monetary tightening by the Fed. Additionally, the Nvidia controversy continues to escalate: Jensen Huang resigned from all his positions; he agreed to testify before the U.S. House Committee on Foreign Affairs; U.S. media reported that Nvidia is facing an antitrust investigation by the U.S. Department of Justice; and Jensen Huang was exposed to having a close relationship with a second Nvidia employee. Nvidia's stock decline dragged down U.S. AI-related stocks. According to HTX market data, Bitcoin's downtrend continues, currently trading at $71,222, hitting its lowest level since September, with a 3.6% drop in 24 hours. According to data from the BIT stock platform, U.S. stocks closed on Thursday: the Dow Jones Industrial Average fell 0.36%, the S&P 500 dropped 0.35%, and the Nasdaq declined 0.39%. Nvidia (NVDA.O) closed down 4.3% and plunged as much as 13% during intraday trading. Nvidia's competitors Broadcom (AVGO.O) and AMD (AMD.O) rose more than 5.5%.

Bitcoin falls below $72,000

According to HTX market data, Bitcoin has fallen below $72,000.

Bitcoin and Ethereum ETFs See $1.8B in Outflows Over Past Week

Nov 12 Update: #Bitcoin ETFs: 1D NetFlow: -3,621 $BTC(-$262.8M)?? 7D NetFlow: -19,453 $BTC(-$1.41B)?? #Ethereum ETFs: 1D NetFlow: -66,020 $ETH(-$132.41M)?? 7D NetFlow: -210,673 $ETH(-$422.51M)??

Bitcoin moved lower alongside Nvidia, with spot ETFs logging net outflows of approximately $1.44 billion over five consecutive days.

Affected by the sell-off in U.S. tech stocks, Bitcoin hit an intraday low on Thursday and is now trading at around $73,400, down 0.7% from UTC 00:00; Ethereum fell about 0.5% to approximately $2,044. Nvidia dropped roughly 7% in pre-market trading, following reports of an extramarital affair between Jensen Huang and a company executive; The Wall Street Journal (WSJ) noted the board is preparing to oust him, though Nvidia has not yet made a decision on the matter. In capital flows, U.S. spot Bitcoin ETFs saw a net outflow of $299.9 million on Wednesday, marking the fifth consecutive trading day of net outflows, with a cumulative total of around $1.44 billion pulled out since November 5. BlackRock’s IBIT alone recorded a single-day net outflow of $269.7 million, its ninth straight trading day of fund redemptions. In derivatives markets, crypto futures volume fell 20.64% to $168.6 billion over the past 24 hours, while open interest dropped 2.92% to $125.8 billion, signaling cooling trading activity and capital outflows. Global crypto liquidations declined 63.67% to $263.7 million, with long positions making up 64.5% of the total. Bitcoin futures open interest fell roughly 2.9% and volume dropped 27.6%, with selling pressure remaining dominant.

Bitcoin drops below $73,000

According to HTX market data, Bitcoin has fallen below $73,000.

A hacker is peddling TSMC employee data for 3 Bitcoin, with the chipmaker confirming that some of the data was publicly disclosed without authorization.

A hacker is selling suspected TSMC employee data on underground forums, claiming to hold up to 46,000 records totaling 6.9GB, priced at 3 Bitcoin, and even threatening to release all the data in full if no buyer is found within a week. In response, TSMC confirmed today that personal data of some current and former employees was leaked without authorization. Initial probes show the data matches information from a cloud service provider’s systems, though there is currently no evidence that TSMC’s own data systems were breached. TSMC stressed that the data in question is unrelated to the company’s production and customer information. The company has notified affected individuals, provided necessary assistance, and is working closely with the relevant cloud service provider, law enforcement agencies, and third-party cybersecurity firms to quickly clarify the incident’s cause and take necessary measures. (Source: Jiemian News)

Analysis: Deleveraging Process Accelerates, Binance’s Bitcoin Open Interest Positions Fall 17% in One Month

CryptoQuant analyst Darkfost noted in a recent post that BTC open interest on Binance has fallen 17% from $10.6 billion to $8.8 billion in less than a month. Meanwhile, its 180-day moving average has risen from $8.4 billion to $8.6 billion. With open interest dropping below the moving average, the market is showing new deleveraging signals. In bull markets, this signal typically emerges near the end of a market correction, reflecting traders cutting leveraged exposure—both through voluntary position closures and forced liquidations due to insufficient margin. Outside of bear markets where this process can drag on for months, the last similar signal occurred in June this year, when BTC traded below $60,000 before rallying to over $87,000, a gain of more than 45%. Alongside the current open interest decline, the market has also seen massive liquidations. Low volatility appears to have pushed some traders to take on higher risks to offset insufficient returns from narrowed price swings, leaving them more exposed to market reversals. Over the past three months, Binance’s monthly liquidation volumes have hit their highest levels since 2021: over $1.4 billion in August, $1.1 billion in September, and $1.3 billion in October. This trend is continuing in November; as of the end of the first half of the month, liquidations have already exceeded $520 million. These figures underscore the potential losses leveraged trading can inflict on investors. In a market environment marked by low volatility and shrinking trading volumes, blindly increasing risk exposure out of impatience can quickly lead to heavy costs. That said, the deleveraging phase also helps improve market conditions. Reduced leveraged positions lower the risk of cascading liquidations, allowing spot demand to play a larger role in market pricing, thereby helping Bitcoin build a more robust market structure.

Yesterday, US spot Bitcoin ETFs recorded a net outflow of $299.8 million, while US spot Ethereum ETFs saw a net outflow of $144.8 million.

According to Farside's monitoring, U.S. spot Bitcoin ETFs posted a total net outflow of $299.8 million yesterday. Among them, IBIT saw a net outflow of $269.7 million, GBTC a net outflow of $39.1 million; MSBT recorded a net inflow of $9 million, while the remaining funds had zero net flow. Separately, U.S. spot Ethereum ETFs totaled a net outflow of $144.8 million yesterday. Breakdown: ETHA had a net outflow of $129.8 million, ETHB $5.3 million, ETHW $4.8 million, FETH $4.1 million, EZET $0.8 million; the rest of the funds registered zero net flow.

Two Bitcoin whales holding their positions for over a year transferred 1,929.5 BTC to trading platforms, worth approximately $140 million.

According to on-chain analyst Yu Jin’s monitoring, two whales or institutional holders with positions held for over a year transferred 1,929.5 BTC to trading platforms roughly 4 hours ago, valued at approximately $143.6 million. Of this, 1,000 BTC accumulated 5 years ago at a price of $46,700 was moved to Binance around 6 hours ago, booking a profit of about $27.73 million. The remaining 929.5 BTC, accumulated 1 year ago at $107,125, was transferred to Kraken roughly 4 hours ago, incurring a loss of around $30.36 million.

Bitcoin mining firm MARA sold roughly 14,000 Bitcoin after the quarter, raising $1.1 billion, with the proceeds likely to be used for artificial intelligence infrastructure.

Bitcoin mining firm MARA Holdings (MARA) disclosed in its Q3 2026 report and shareholder letter filed on November 9 that after the third quarter ended, the company sold 13,597 bitcoins at an average price of roughly $81,039, bringing in around $1.1 billion in proceeds. It used $750 million of that sum to fully repay bitcoin loans borrowed from Coinbase Credit and Two Prime, and released 17,477 bitcoins previously pledged as collateral. The sale represents approximately 40% of MARA’s 34,012 bitcoin holdings as of September 30. The shareholder letter noted the $750 million loan was taken on August 4, comprising $600 million in new financing and $150 million to replace an existing line of credit, to fund the Long Ridge acquisition. The company borrowed against its bitcoin holdings when the cryptocurrency traded at around $64,000, and sold the coins at the aforementioned average price after the quarter, generating an estimated net profit of roughly $170 million. Following the repayment, the share of MARA’s bitcoins that were lent or pledged as collateral fell to below 5%, down from about 57% at the end of Q3. The firm also said it has cut its debt by $1.4 billion since the start of 2026, equal to 37% of its total debt. The letter added MARA will continue to sell bitcoins as market conditions permit to boost financial flexibility, with proceeds potentially allocated to artificial intelligence (AI) infrastructure, convertible bond put options exercisable next year, and potential share repurchases. In the first nine months of 2026, MARA has sold approximately 26,984 bitcoins, generating $1.9 billion in proceeds.

Bitcoin surges $1,000 in 5 minutes, breaking above $74,000.

According to HTX market data, Bitcoin rallied 1,000 USD in a 5-minute short-term surge, breaking through the 74,000 USD level, with a 0.7% gain in the past 24 hours.

Bitcoin and Ethereum ETFs See $1.41B in Outflows Over Past Week

Nov 11 Update: #Bitcoin ETFs: 1D NetFlow: -1,649 $BTC(-$121.78M)?? 7D NetFlow: -15,624 $BTC(-$1.15B)?? #Ethereum ETFs: 1D NetFlow: -11,512 $ETH(-$23.65M)?? 7D NetFlow: -127,828 $ETH(-$262.66M)??

Bitcoin Core discloses three fixed security vulnerabilities, including a high-severity flaw that could prevent miners from generating block templates.

Bitcoin Core has publicly disclosed three previously patched security vulnerabilities, one rated high-severity. The high-severity flaw, CVE-2025-62861, impacts versions 28.0 through 28.2 and 29.0 through 29.1. During chain reorganization, the "evict siblings" rule for version 3 transactions is incorrectly enforced, potentially removing a transaction from the mempool while retaining its descendants, leading to inconsistent mempool state. Affected miner nodes cannot generate valid block templates and require a restart to resume block production. The issue was discovered and responsibly disclosed by Niklas Goegge in September 2025. The other two vulnerabilities are medium-severity. CVE-2025-62859, reported by Eugene Siegel, allows malicious nodes to exploit segwit malleability in compact blocks to delay a peer’s block processing by up to roughly 10 minutes. This attack can be repeated if the attacker controls all three of the peer’s high-bandwidth peers, or if the peer operates in -blocksonly mode. CVE-2025-62860 affects nodes with non-default -whitelist settings where the whitelisted range covers Tor proxy addresses. Incoming Tor connections may be incorrectly granted whitelist privileges, weakening some denial-of-service (DoS) protections and privacy safeguards. Bitcoin Core noted that thousands of accessible mainnet nodes had this setting open to incoming Tor connections; nodes without the configuration enabled are not impacted. Patches for the vulnerabilities were rolled out in releases including 30.0 (published October 10, 2025), 29.2 (October 14, 2025), and the subsequent 28.3. The last affected version reached end-of-life on October 27 this year.

Barclays significantly ramped up its holdings in BlackRock's Bitcoin ETF in Q3, while Citigroup newly established a position in Fidelity's Bitcoin ETF.

Barclays' latest 13F filing shows that as of September 30, the bank held approximately 3.94 million shares of BlackRock's spot Bitcoin ETF (IBIT), valued at around $187 million, a 48% increase from 2.66 million shares worth $88.5 million as of June 30. Citigroup, meanwhile, newly disclosed holdings of Fidelity's spot Bitcoin ETF (FBTC) worth about $119 million, with its IBIT position rising from roughly 347,000 shares at the end of June to around 521,000 shares, a roughly 50% increase. Bitwise data shows that among 1,389 institutions that have filed third-quarter reports, banks' total holdings stand at $258 million, accounting for 4.9% of all disclosed spot Bitcoin ETF positions, up from $107 million and 3.2% in the second quarter. Investment advisors remain the largest holding group, with $3.5 billion in positions, making up 66.6% of the total. The combined holdings of these institutions rose from $3.35 billion to $5.25 billion. Early data indicates that long-term holders' share among spot Bitcoin ETF investors is rising, and financial advisors at major banks and wealth platforms are now able to recommend these products to clients. JPMorgan Chase, Wells Fargo, and hedge funds Millennium, Schonfeld, and others have not yet filed their reports, with the submission deadline being next Monday. It is important to note that IBIT's price rose approximately 41% in the third quarter, so the increase in position value does not equate to an equivalent amount of new purchases; share changes should be the focus. The above positions are as of September 30, after which Bitcoin prices pulled back. U.S. spot Bitcoin ETFs saw a net inflow of about $6.34 billion in the third quarter, followed by a net outflow of roughly $2.1 billion in the fourth quarter as of Tuesday.

Analysis: Bitcoin short-term holders start realizing losses, market leans toward capitulation or a brewing buying opportunity.

CryptoQuant analyst Darkfost points out that the losses of short-term holders (STH) are starting to show on the SOPR (Spent Output Profit Ratio) indicator. This metric measures realized profit or loss when unspent transaction outputs (UTXOs) are spent; the STH’s SOPR has now dropped to 0.98. The indicator has remained in negative territory since October 30, meaning short-term holders are beginning to feel pressure from falling prices. Previously, the monthly average SOPR for this group hit 1.013, but it has now just fallen back to the neutral level of 1, indicating their average profits have largely evaporated. Combining recent data, the analyst believes the market is leaning toward "capitulation" and panic selling. Against the backdrop of a longer-term bull market, a SOPR drop into negative territory often signals a strong buying opportunity. However, the current monthly average has not yet reflected extreme panic, suggesting the current capitulation trend may persist for several days until it reaches a truly extreme level.

CoinShares: Average crypto allocation among digital asset funds rises to 1.3%, with Bitcoin and Ethereum remaining core positions.

CoinShares has released its October digital asset fund manager survey. This round featured 28 investors, representing approximately $642 billion in assets under management (AUM). The average allocation to crypto assets in respondents' portfolios rose to 1.3% from 1.2% in July. Funds are increasingly shifting from stocks and bonds to alternative assets such as commodities and crypto, rather than cash. The largest allocators remain groups with more flexible mandates, including family offices and individual investors. Regarding investment motivations, portfolio diversification climbed to 40% as the top reason, a trend that has persisted since the survey’s launch in 2021. Speculation has fallen to fifth place, accounting for less than 9% of responses. More respondents now view crypto as having allocation value, while replies citing client demand as an investment driver have dropped significantly. In holdings-related responses, Bitcoin and Ethereum remain core positions, together making up 47% of allocations. Bitcoin still holds a substantial lead in growth outlook assessments, while the outlooks for Ethereum and Solana have improved slightly. Respondents are shifting from established altcoins outside Ethereum to newer tokens, with Sui, NEAR, Aave, Hyperliquid, Uniswap, and Chainlink being frequently mentioned.

Data: Over the past 24 hours, short-term Bitcoin holders transferred 48,500 BTC to crypto exchanges, with 47,300 of those holdings in the red.

CryptoQuant analyst Darkfost stated in a post that BTC has been in a continuous distribution phase since October, with its price correcting by roughly 15%. After short-term holders (STHs) took profits, losing trades now dominate. Over the past 24 hours, STHs transferred 48,500 BTC to trading platforms, 47,300 of which were moved at a loss. This is one of the largest capitulation sell-offs by short-term holders in recent months.

Former White House Advisor: Trump Still Intends to Boost Bitcoin Holdings for the U.S. Strategic Reserve, But Faces Legal Barriers

Former White House crypto advisor Patrick Witt told the podcast *What Bitcoin Did* that President Trump remains interested in purchasing Bitcoin to bolster the U.S. strategic Bitcoin reserve, with related plans having been discussed multiple times before. However, Witt noted that direct government purchases of Bitcoin on the open market face legal uncertainty, as the U.S. Congress holds authority over federal spending. Congress has already included relevant restrictions in the National Defense Authorization Act (NDAA) banning such direct purchases, and the administration is currently seeking the necessary authorization. The U.S. government established the strategic Bitcoin reserve via executive order in March 2025, with initial assets primarily from Bitcoin previously seized by the government; the Treasury Department and Commerce Department have been tasked with exploring budget-neutral ways to acquire more BTC, though no specific plans have been announced nor has an open-market purchase program been revealed. Witt also stated that permanently enshrining the strategic Bitcoin reserve through standalone legislation would face significant challenges given the divided Congress. Without legislative support, the reserve currently relies on executive orders and could be revoked by a future president via a new executive order.

Analysis: Persistent outflows from ETFs combined with weak U.S. spot demand suggest Bitcoin may extend its correction.

CryptoQuant certified author Axel Adler Jr. published a report stating that U.S. spot Bitcoin ETFs have recorded a cumulative net outflow of $969 million over the past five trading days, with related fund flow indicators declining by $766 million over the past week. Only 15% of trading days in the past year have seen this indicator at or below the current level, reflecting a clear weakening in fund demand. Meanwhile, the Coinbase Premium Index has stayed negative for 70 consecutive days, currently standing at -0.14%—one of the lower levels in the past year, indicating sluggish demand in the U.S. spot market. The combined pressure from ETF outflows and weak U.S. spot demand is weighing on the Bitcoin market, with both indicators suggesting the market may continue its correction. If ETF fund flows shift back to net inflows and the Coinbase Premium Index rises above zero, it will signal an improvement in demand.

Trader AguilaTrades has a mere 33% win rate in Bitcoin (BTC) trades over the past week, incurring losses of $547,000.

According to TradingBeats' monitoring, trader AguilaTrades has completed 18 BTC trades over the past week, with a win rate of just 33% and total losses of $547,000. He currently holds a 40x leveraged long position of 340.45 BTC, valued at roughly $25.16 million, with a liquidation price of $73,009. Prior data shows his cumulative losses from rollover trading on Hyperliquid since last June stand at $38.2 million.

Viewpoint: Bitcoin treasury firms signal "capitulation", with the three prior instances all marking strong buying opportunities.

Capriole Fund founder Charles Edwards posted that Bitcoin treasury companies are "surrendering". The ratio of their cumulative purchases to sales has just dropped below 90%. (Note: A declining ratio typically signals increased selling pressure (bearish), but extreme lows have historically aligned with market bottom zones.) This pattern has only occurred three times in history, each time marking a strong buying opportunity. Thus, Edwards argues that although these firms are offloading Bitcoin (the so-called "surrender" in the short term), this is actually a bullish signal for Bitcoin based on historical precedent.

Bitcoin whales reduced their holdings by 34,000 BTC over the past week.

According to analyst Alicharts, Bitcoin has dropped from $79,000 to below $73,000 over the past week, with large holders reducing their positions by more than 34,000 BTC, worth roughly $2.6 billion. Meanwhile, Ethereum whale groups have also been trimming their holdings, though at a slower pace. The group sold around 17,800 ETH in the past week, valued at approximately $40 million based on recent prices.

Bitcoin Core has disclosed a critical vulnerability that could leave some miner nodes unable to generate block templates; a fix was released in 2025.

Bitcoin Core has disclosed a high-severity vulnerability, CVE-2025-62861, affecting versions 28.0–28.2 and 29.0–29.1. Affected miner nodes may experience inconsistent transaction mempools after a blockchain reorganization, which will prevent them from generating valid block templates until a restart. This is a local transaction mempool processing issue on individual nodes, not a full halt in Bitcoin network block production. The vulnerability was reported by security researcher Niklas Goegge in September 2025. Bitcoin Core released the patched version 30.0 on October 10, 2025, and later integrated the fix into versions 29.2 and 28.3. Nodes still running affected versions should upgrade to maintained, patched releases.

Bitcoin falls below $73,000, hitting its lowest level since September.

According to HTX market data, Bitcoin has fallen below $73,000, hitting its lowest level since September, and is now trading at $72,952, with a 24-hour decline of 3.31%.

Bitcoin and Ethereum ETFs See $1.4B Outflows in Past Week

Nov 10 Update: #Bitcoin ETFs: 1D NetFlow: -3,081 $BTC(-$228.74M)?? 7D NetFlow: -14,833 $BTC(-$1.1B)?? #Ethereum ETFs: 1D NetFlow: -65,908 $ETH(-$137.92M)?? 7D NetFlow: -150,813 $ETH(-$315.6M)??

Binance Research: Global monetary tightening policy slowdown could be favorable for Bitcoin

Binance Research said on Tuesday that with the pace of global monetary tightening slowing, Bitcoin is expected to find support even as markets anticipate a U.S. Federal Reserve interest rate hike in December. In a report, the research arm noted that among the 10 central banks it tracks, 8 have raised interest rates over the past six months, including a hike announced by Sweden’s Riksbank on November 4. However, the momentum of global monetary tightening has started to ease since peaking in July this year. “Whether this slowdown trend can continue into early 2027 will be key to judging whether the macro environment is reducing its adverse impact on the crypto market,” the report said. Binance Research also reviewed previous market cycles: Bitcoin hit a bottom in November 2022, and its six-month return turned positive in February 2023, at a time when none of the central banks tracked by the index had yet begun cutting rates. Similarly, in 2024, despite global monetary tightening measures still in place, Bitcoin’s six-month return in March that year exceeded 160%, marking the highest level of that cycle. The report emphasized: “In both cases, Bitcoin followed the direction of changes in global monetary policy, rather than the absolute level of policy interest rates.”

Bitcoin dives in short-term trading, dropping below $74,000.

According to HTX market data, Bitcoin has seen a short-term price plunge below $74,000, currently trading at $73,762, with a 1.31% drop over the past 24 hours.

Hyperscale Data liquidated its entire Bitcoin reserves to support the subsequent development of its AI data centers.

Hyperscale Data, Inc. announced today that as of November 8, 2026, it has sold all its remaining Bitcoin reserves at an average price of roughly $76,000 per BTC. The latest sale involved approximately 211.56 BTC, generating total proceeds of around $16 million. Since it first began selling a portion of its Bitcoin reserves in late July 2026, Hyperscale Data has cumulatively sold about 1,113 BTC, bringing in total revenue of roughly $74.4 million. The company will use the proceeds to repay debt and support the subsequent development of its AI data center in Michigan.

Analyst: Bitcoin long-term holders' SOPR falls to 0.94, transferring at a loss for 8 consecutive days.

CryptoQuant analyst Axel Adler Jr released data showing Bitcoin’s Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) has fallen to 0.94, remaining in negative territory for eight consecutive days. This means the average price at which old coins moved by long-term holders is below their holding cost basis. While similar readings were observed over the past year, Adler noted the speed at which the metric turned negative this time is particularly notable, adding that it will be critical to monitor whether the indicator can rebound back above 1. Separately, Bitcoin’s long-term holder supply has dropped to 16.3 million BTC, a decrease of 171,700 coins over the past month. The analyst explained that tokens are automatically categorized as long-term holder supply after being held for 155 days, so changes in this metric do not necessarily signal buying or selling activity. Over the past year, the supply has stood at or below the current level on 47% of trading days. Adler pointed out a comparable LTH-SOPR reading occurred on August 22, 2026, when Bitcoin traded at $77,075; the price rose 12.4% one month later. He emphasized this is a historical reference, not a prediction. Both metrics point to a correction scenario, Adler said, with the monthly decline in LTH-SOPR being one of the most significant over the past year as old coins continue to circulate at a loss. If such circulation returns to positive territory, his assessment will shift to neutral.

Bitcoin mining firm MARA transfers another 500 BTC, valued at approximately $37.38 million.

According to Lookonchain monitoring, Bitcoin mining firm MARA Holdings transferred out an additional 500 BTC today, valued at approximately $37.38 million. Since October 1, MARA has sold a total of 13,597 BTC, worth around $1.1 billion, with an average selling price of $81,039.