Bitcoin (BTC) — Onchain News & Whale Tracking

Eric Trump: Bitcoin Will Continue to Skyrocket, 'All In' on Bitcoin

November 8th, Eric Trump recently showed strong optimism about Bitcoin in an interview. He said, "First of all, the largest family desires Bitcoin. The largest private wealth fund is interested in Bitcoin. Fortune 500 companies are all valuing it. People are accumulating Bitcoin. I mean, there are some major countries that will use all their excess energy to engage in Bitcoin mining." Guys, I don't know how many more times I need to tell you. I believe it will continue to rise. I think it will perform very well, and I am fully committed to it.

Point-to-Point Bitcoin Transaction Protocol Rift Secures $8 Million Investment from Paradigm

November 8th. The Rift, a peer-to-peer Bitcoin transaction protocol, announced that it has secured $8 million in funding from Paradigm. This funding will be used to facilitate native Bitcoin transactions on Ethereum and other platforms.

Yesterday Bitcoin ETF saw a net outflow of $558.4 million, while Ethereum ETF saw a net outflow of $46.6 million

On November 8th, based on the monitoring of Farside Investors, yesterday the net outflows of the US Bitcoin spot ETF amounted to $558.4 million. IBIT saw a net outflow of $131 million, FBTC had a net outflow of $256 million, and ARKB experienced a net outflow of $144.2 million. The net outflow of the Ethereum spot ETF was $46.6 million. While ETHA had a net inflow of $34.4 million, FETH had a net outflow of $72.2 million.

「1011 Insider Whale」 closes Bitcoin long position and opens 5x Ethereum long position

On November 8th, according to HyperInsight's monitoring, the "1011 Insider Whale" has just completed the closure of its Bitcoin long position and simultaneously initiated a 5x leveraged Ethereum long position. As of the moment of this writing, the address holds a long position of 40,000 ETH, with a position value of $138 million.

Bitcoin OG Owen Gunden once again Deposits 500 BTC into Kraken

On November 8th, as per the monitoring of Onchain Lens, Bitcoin OG Owen Gunden once more deposited 500 BTC into Kraken this morning. The value of these deposits is approximately $51.68 million. Owen Gunden still possesses 6,650 BTC, with a value of approximately $6.8571 billion.

The crypto market saw a general rise last night, with Bitcoin briefly breaking through $104,000. Established public blockchains also experienced a widespread increase.

On November 8th, based on HTX market data, the crypto market witnessed a general upward trend last night: Bitcoin briefly exceeded $104,000 and is currently trading at $103,395, with a 24-hour increase of 2.58%; Ethereum broke through $3,400 and is currently priced at $3,436, with a 24-hour gain of 4.21%. Some layer 1 tokens achieved gains of over 10%, with DOT rising by 14.1% in a single day, DOGE increasing by 11% in a single day, ADA rising by 9% in a single day, LTC rising by 17.7% in a single day, AVAX rising by 11.1% in a single day, and ICP rising by 21.1% in a single day.

Bitcoin Breaks $102,000, Up 1.1% in 24 Hours

On November 8th, according to HTX market data, Bitcoin surpassed $102,000, showing a 24-hour change of 1.1%.

Bitcoin Dominance Drops to 60.11%, Altcoin Market Shows Signs of Recovery

On November 8th, based on market data, the current cryptocurrency "Altcoin" market is witnessing a recovery. Bitcoin's dominance (BTC.D) has decreased by 1.32% over the past 4 days and now stands at 60.11%. As of the time of this report, the total cryptocurrency market capitalization has reached $3.464 trillion, with a 24-hour growth of 0.6%.

Bitcoin Soars Above $101,000, 24-Hour Loss Narrows to 1%

On November 7th, according to HTX market data, Bitcoin saw a rebound and exceeded $101,000. The 24-hour decline narrowed to 1%.

James Wynn Reveals 40x Bitcoin Short Position Profit, Entry Price $105,148.7

Trump Media & Technology Group realized a $15.3 million gain in Q3 through Bitcoin-related security options premium.

On November 7th, the Trump Media & Technology Group (DJT.O) announced that as of the end of the third quarter, its total financial assets amounted to $3.1 billion. It achieved a gain of $15.3 million through the premium on Bitcoin-related securities options. During the third quarter, it generated $13.4 million in interest income from other financial investments. The operating cash flow reached $10.1 million, and the quarterly net loss was $54.8 million. (FX168)

Forbes Article Mocks Trump for Buying Bitcoin at an Inopportune Time, Resulting in a $490 Million Wealth Drop

On November 7th, the Trump family had previously filed a lawsuit against the US media Forbes due to its inaccurate reporting on Trump Media, referring to Forbes as "fake news media." At the very moment when Bitcoin just dropped below $100,000, Forbes published a new article titled "Trump Heavy on Bitcoin, But His Timing Couldn't Be Worse," and made fun of Trump by stating, "Buying in, especially at the top, doesn't necessarily make one richer." The article mentioned that Donald Trump, who was once skeptical of cryptocurrency, has now become the "chief cryptocurrency advocate." This summer, he purchased Bitcoin worth $2 billion through Trump Media at an estimated price of $115,000 per coin. Initially, everything seemed fine, but in the past month, Bitcoin's price has dropped by 17%, resulting in Trump Media's stock price falling by 24%, indirectly reducing Trump's personal wealth by $490 million. As Donald Trump pointed out in 2019, cryptocurrency itself is very v

The Trump family-affiliated mining company ABTC has increased its holdings by 139 bitcoins, bringing its strategic reserve to 4004 bitcoins.

On November 7th, according to The Wall Street Journal, the mining company American Bitcoin (ABTC) affiliated with the Trump family increased its holdings by 139 bitcoins as of October 24, 2025, and its strategic reserve reached 4004 bitcoins.

Bitcoin Falls Below $100,000, 24-hour Loss of 2.8%

On November 7th, based on HTX market data, Bitcoin has fallen below $100,000, with a 24-hour decline of 2.8%.

Opinion: Bitcoin Could See a 60% Correction if It Breaks Below the "Bull-Bear Line" 50-week Moving Average

On November 7th, according to analyst @ali_charts, if Bitcoin drops below the "bear-bull line" which is the 50-week moving average, it suggests the advent of a bear market. This pattern has been verified by the trends observed in 2011, 2014, 2018, and 2020. If this previous trend is repeated, Bitcoin will encounter a 60% decline, indicating that it will reach a bottom near $40,000.

Block Inc. has increased its Bitcoin holdings by 88 coins, bringing its total holdings to 8780 coins.

On November 7th, according to BitcoinTreasuries.NET, Block Inc., which was founded by Jack Dorsey of Twitter, purchased 88 bitcoins, and as a result, the company's total bitcoin holdings reached 8780 bitcoins.

BiyaPay Analyst: Bitcoin Drops by Almost $100,000, US Stock Crypto Concept Stocks Experience Another Heavy Setback, Short ETF Surges

November 7th: The price of Bitcoin fell once more and approached $100,000, dragging down the US stock cryptocurrency sector. The three major US stock indexes closed with declines: the Nasdaq -1.9%, the S&P 500 -1.12%, and the Dow Jones -0.84%. The bearish sentiment intensified, with the 2x short CRCL ETF rising by more than 24% and the 2x short COIN ETF rising by nearly 15%. Investors' risk aversion sentiment increased. BiyaPay supports USDT trading for US stocks, Hong Kong stocks, and futures, with zero fees for digital currency spot/contract trading, enabling you to flexibly navigate the market.

Citigroup: Bitcoin's recent weakness may portend a Nasdaq 100 trend reversal

On November 7th, Citibank issued a warning that the recent sluggish transaction pattern of Bitcoin might indicate a weakening trend in the Nasdaq 100 Index. Bitcoin's performance has always shown a high degree of correlation with the Nasdaq. When the price is above the 55-day moving average, the return rate of the Nasdaq significantly improves. However, Bitcoin has now dropped below this threshold, and the risk-adjusted returns of the stock market are declining in sync. Analysts attribute the weakness in the crypto market to the tightening of liquidity. Bank reserve balances have decreased by approximately $500 billion since mid-July, draining market liquidity. Nevertheless, the report also points out that Treasury balances are approaching the bottom of previous replenishment cycles, and liquidity may soon improve, thereby boosting the performance of Bitcoin and the stock market.

Yesterday's US Bitcoin Spot ETF saw a net inflow of $2.399 billion

On November 7th, based on Farside's monitoring data, the net inflow of the US Bitcoin spot ETF yesterday was $239.9 million, bringing an end to the consecutive 6-day net outflow state.

Block's third-quarter Bitcoin revenue reached $2 billion, accounting for nearly one-third of its total revenue.

On November 7th, it was reported that the Block company of Jack Dorsey recorded $2 billion in Bitcoin revenue during the third quarter, which accounted for nearly one-third of its total revenue. According to Block's Q3 report, the gross profit increased by 18%, with the Q3 revenue reaching $6.11 billion and the reported profit being $461.5 million. The performance met or exceeded the expectations of some analysts but failed to reach other key metrics. Bitcoin still remains Block's second-largest revenue source, second only to subscription and service-based revenue. The XYZ stock fell by 3.7% to $70.94 at the market close and further dropped by 9.6% to $64.10 during after-hours trading.

Tether Once Again Increases Holdings by 961 Bitcoins, Worth $97.34 Million

On November 7th, as monitored by Onchain Lens, the USDT issuer Tether once again increased its holdings of Bitcoin by 961 BTC, which is worth $97.34 million. Tether currently holds 87,290 BTC, and the total value is $8.84 billion.

Crypto Market Downtrend: Bitcoin Breaks Below $10,100, US Stock Crypto-related Companies Significantly Affected

On November 7th, based on market data, the crypto market sustained another heavy setback. The total market capitalization plummeted to $3.462 trillion, witnessing a 24-hour decline of 2.5%. Bitcoin briefly dipped below $101,000 and is currently trading at $101,471. Ethereum remained at $3,300. SOL is being traded at $154, and BNB is trading at $949. U.S. stocks closed with all three major indexes showing a downward trend. The Dow dropped by 0.8%, the S&P 500 decreased by 1.1%, and the Nasdaq Composite fell by 1.9%. U.S. tech stocks witnessed a widespread decline. Tesla declined by 3.5%, Nvidia dropped by 3.65%, and Meta, Amazon, and Intel all saw a decrease of over 2.5%. In the altcoin market, there was a general decline. GIGGLE is currently being traded at $203, with a 22% decrease in the last 24 hours. MITO is currently trading at $0.086, experiencing a 27.2% decrease in the last 24 hours. KITE is currently trading at $0.07, with a 21% decrease in the last 24 hours. DCR is currently

Bitcoin Drops Below $101,000

On November 7th, based on HTX market data, Bitcoin fell below $101,000, with a 24-hour decline of 2.6%.

Bitcoin Drops Below $102,000

On November 6th, according to HTX market data, Bitcoin fell below $102,000, experiencing a 24-hour decline of 0.95%.

JPMorgan Chase: Bitcoin to Reach Around $170,000 in the Next 6 to 12 Months

On November 6th, J.P. Morgan analysts pointed out that as leverage is reset and the volatility of Bitcoin relative to gold improves, Bitcoin may rise to approximately $170,000 within the next 6 to 12 months. Led by Managing Director Nikolaos Panigirtzoglou, the analyst team noted in a report on Wednesday that the crypto market has retraced by about 20% from recent peaks. The most significant decline took place on October 10th when the crypto market witnessed the largest liquidation event in crypto history in the perpetual contract market. A smaller-scale liquidation occurred again on November 3rd. The analysts stated that the event on November 3rd was related to further weakening investor confidence as the decentralized finance (DeFi) space's Balancer protocol suffered a loss of more than $120 million due to an exploit, once again raising concerns about protocol security in the market.

Analyst: Risk Appetite Improves, Bitcoin Stabilizes After Falling Below $100,000

On November 6th, a Deutsche Bank analyst pointed out that Bitcoin had recently stabilized after initially falling below $100,000 for the first time since June. This was because the U.S. stock market had rebounded overnight and risk appetite had improved. They stated that the main driving factors were better-than-expected economic data and the increasing speculation in the market that the U.S. government shutdown might be coming to an end. This had boosted investors' optimistic outlook on the short-term outlook, and risk assets had performed well overall, including Bitcoin. The ADP National Employment Report and ISM Non-Manufacturing PMI, which were released on Wednesday, also exceeded expectations. (FXStreet)

Cathie Wood has lowered her Bitcoin price prediction for 2030 from $1.5 million to $1.2 million.

On November 6th, the founder of Ark Invest, Cathie Wood, has adjusted her highest price prediction for Bitcoin by 2030 from $1.5 million to $1.2 million. This adjustment is due to the rapid growth of stablecoins. Cathie Wood stated that stablecoins are assuming the role that she originally believed Bitcoin would play, particularly in emerging markets and payment contexts. Nevertheless, Cathie Wood remains positive about Bitcoin's long-term prospects and believes that it will continue to play a central role in institutional adoption and the transformation of the global monetary system.

Bitfinex Report: Bitcoin Sees Over $2.8 Billion in Long Liquidations in Past Two Days, Deleveraging May Be Nearing End

On November 6th, Bitfinex issued a report indicating that in the previous two days, the total amount of Bitcoin long liquidation reached more than 2.8 billion US dollars. During the same period, the price of Bitcoin dropped by over 10.4%, breaking below the low on October 10th to $99,045. The overall market capitalization decreased by 280 billion US dollars. This deleveraging event is similar to the adjustment in April, suggesting that leverage and high valuations are being cleared out, but it also implies that the market may have reached a bottom. This decline may be attributed to the market's lower expectations of a rate cut in December and risk-off sentiment triggered by Bitcoin's continuous weakness compared to the stock market (which has been rising due to a strong earnings season). However, once the price finally falls below the key $100,000 mark, buyers begin to enter the market, indicating that the deleveraging phase is coming to an end as the total value of open interest has

Michael Saylor: Bitcoin is on Sale

On November 6th, the founder of Strategy, Michael Saylor, posted and said, "Bitcoin is on sale."

BOB (Build on Bitcoin) has announced that it will launch its community sale on CoinList on November 10.

On November 6th, BOB (Build on Bitcoin) issued an official announcement indicating that the community round public sale would officially commence on CoinList at 8:00 PM Beijing time on November 10th and would last for 72 hours until 8:00 PM on November 13th. This sale represents the first opportunity for users to obtain $BOB native tokens, which will be utilized to construct a hybrid chain and Bitcoin DeFi ecosystem. According to the BOB official announcement, the total supply of &BOB tokens is 10 billion, with 4% (400 million) set aside for this public sale, raising a total of $8.55 million with a token price of approximately $0.021. The individual account purchase limit is between $50,000 and $250,000.

Willy Woo: Bitcoin Liquidity Showing Signs of Recovery, Price to be Validated in Two Weeks if Trend Continues

On November 6th, the crypto analyst Willy Woo made a post stating, "There are signs of a rebound in Bitcoin's liquidity. If this recovery trend persists, the price usually validates it approximately two weeks later."

Spanish Research Institution Plans to Sell Bitcoin Purchased for $10,000 in 2012, Now Worth Over $10 Million

On November 6th, as per Cointelegraph, a public research institution in Spain is set to sell its holdings of Bitcoin, which are currently valued at over 10 million dollars. These Bitcoins were originally purchased in 2012 as part of a blockchain research project for just 10,000 dollars. According to the Spanish newspaper El Día, the Renewable Energy and Technology Institute (ITER), affiliated with the Tenerife Island Council, bought 97 Bitcoins more than a decade ago for the purpose of researching blockchain technology. The council is currently in the process of finalizing the plan to sell this holding. Juan José Martínez, the Commissioner of Innovation Affairs of Tenerife, stated that the council is collaborating with a Spanish financial institution authorized by the Bank of Spain and the National Securities Market Commission to facilitate the completion of this sale. Due to regulatory and volatility risks, the majority of European banks still refrain from processing Bitcoin

Coinglass: Bitcoin Sees $105K Sell Wall Above, Potentially Acting as Resistance

On November 6th, Coinglass declared in a posting that the spot Bitcoin order book heatmap presents a sell wall emerging above $105,000 BTC. This sell wall may act as resistance for Bitcoin.

Trump: Hopes to Make America a "Bitcoin Superpower"

On November 6th, as per a report by CoinDesk, on November 5th (local time at 1 p.m. during the first day of the "American Business Forum" held in Miami, Florida), during a keynote speech, Trump advocated that the United States should embrace crypto assets (cryptocurrencies) and demonstrated his aspiration to lead in this domain. Trump stated, "We are gathered here in Miami today to embrace a significant industry. I have signed a historic executive order, bringing an end to the federal government's war on crypto assets. The crypto industry was once under attack, but that is no longer the case. For this is a huge industry, a vast industry. I am surrounded by numerous talented individuals and outstanding entrepreneurs who are not only engaged in other businesses but are also actively involved in the crypto asset space." Furthermore, he also said, "Crypto assets can significantly reduce the burden on the US dollar and bring about a lot of positive impacts, and we are concentrating on pro

The U.S. Court Rules FBI Not Responsible for Wiping Hard Drive Holding Potentially 3,400 Bitcoins

November 6th. Lately, the U.S. Court of Appeals made a ruling that the FBI is not liable for erasing a hard drive which might contain more than 3,400 bitcoins. This is because the convicted owner of the hard drive never informed the government of their ownership of the tokens. The key figure in this case, Prelim, had previously served a prison term for identity theft. After being released in July 2022, Prelim applied to the court to have the hard drive containing bitcoins returned. Nevertheless, the FBI had already erased it in accordance with their standard procedure. Prelim claimed that this action was illegal and appealed. The judge finally stated that Prelim waited too long to file the appeal and their testimony was inconsistent, raising doubts about whether they really held bitcoins. Before reaching a plea agreement and serving a prison term in November 2019, Prelim had claimed to possess "about 3,500 bitcoins." However, after being incarcerated, Prelim changed their story. A fin

Analysis: Bitcoin Current Price Has "Almost No Bubble", with Nearly 40% of Chips in Unrealized Losses

November 6th: Analyst Murphy posted a message indicating that during the recent decline, Bitcoin has gotten extremely close to its fair value of $98,000. The fair value of Bitcoin is calculated by taking the average of historical MVRV. If the market's valuation level (MVRV) is at its historical average, then the price of BTC should be around this level, making the fair value a "mean-reverting center." When comparing the current price with the average cost of all active chips, it shows that there is almost no bubble. If the market continues to remain rational, there should be value discovery and buying interest. If the price continues to fall, it suggests that the market has entered an irrational stage (oversold), possibly due to a collapse in confidence. In such cases, participants tend to ignore value reversion and are more inclined towards active hedging. The current BTC Profit Supply Inflation Price (PSIP) is at 72%, already falling into the extreme range of a bull market pullback

Yesterday, the US Bitcoin spot ETF saw a net outflow of $137 million, marking the sixth consecutive day of outflows.

On November 6th, as monitored by Farside Investors, the net outflow of the US Bitcoin spot ETF yesterday was $137 million, indicating the 6th consecutive day of net outflows. Specifically, yesterday witnessed a net outflow of $375.5 million for BlackRock's BIT, a net inflow of $113.3 million for Fidelity's FBTC, and a net inflow of $82.9 million for ARK's ARKB.

James Wynn opened a 40x Bitcoin short position, with a position value of $2.22 million

On November 6th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight), the bankrupt whale James Wynn initiated a "Ant Farm" Bitcoin short position this morning. The leverage used was 40 times, the nominal value of the position was $2.22 million, the entry price was $106,339.5, and the unrealized gain was $54,000.

Crypto Market Heats Up: Bitcoin Breaks $104,000, US Stock Crypto-Related Stocks Soar

On November 6th, according to HTX market data, the crypto market has witnessed a rebound. Bitcoin rose this morning and broke through $104,000. Meanwhile, Ethereum rose to $3,430. The total market capitalization of cryptocurrencies has reached $3.552 trillion, with a 24-hour increase of 2.8%. The three major U.S. stock indexes closed higher this morning. The Dow increased by 0.48%, the S&P 500 rose by 0.37%, and the Nasdaq gained 0.65%. Crypto-related stocks rose across the board, including: Coinbase (COIN) rose by 3.9%; Circle (CRCL) rose by 2.8%; MicroStrategy (MSTR) rose by 3.42%; Bitmine Immersion (BMNR) rose by 4.89%; SharpLink Gaming (SBET) rose by 3.85%. The altcoin market also rebounded, with: GIGGLE currently priced at $265, experiencing a 24-hour increase of 137%; MITO currently at $0.116, with a 24-hour increase of 38%; 1INCH currently at $0.19, showing a 24-hour increase of 30.2%; KITE currently at $0.086, with a 24-hour increase of 26%; DCR currently at $44, with a 24-hour

Bitcoin Rises to Touch $104,000

On November 6th, according to HTX market data, Bitcoin rebounded and touched $104,000. It is currently trading at $104,000, with a 24-hour increase of 1.65%.

Galaxy Research Head: Bitcoin Year-End Price Target Revised Downward from $185,000 to $120,000

On November 5th, as per a CoinDesk report, Alex Thorn, the Head of Research at Galaxy Digital, wrote in a report to clients on Wednesday morning: "Although the structural investment thesis of Bitcoin remains solid, the cyclical dynamic has undergone a shift." Thorn pointed out that multiple factors have given rise to market resistance, such as whale distribution patterns, a declining interest in Bitcoin-related investments, capital rotation into gold, artificial intelligence (AI), stablecoins, and other investment themes, as well as the emergence of "listlessness" in corporate treasuries. Consequently, he has adjusted Bitcoin's year-end target from $185,000 to $120,000.

Analyst: Bitcoin is at a "Key Turning Point," with Bottom Signs and Early Downside Signals Coexisting

November 5th. As per The Block, Bitcoin's November began in the continuation of the downward trend of Tuesday. This trend had already been affected during what K33 referred to as the "dreadful October." According to a new report released by K33, Bitcoin has dropped by 10% in the past week and has once again tested the $100,000 mark. This is the lowest point since June this year and the weakest 30-day performance against the Nasdaq index since July 2024, as stated by Research Director Vetle Lunde in the report. Lunde attributed this decline to restricted liquidity and fear-driven market sentiment. Especially after the historic deleveraging event on October 11th, when the largest liquidation of at least $20 billion in crypto assets occurred. He stated, "Fear-driven market sentiment, combined with significant sell-offs from long-term holders, further weakened the market as buyers remained cautious in the face of perceived heightened risks." Lunde also pointed out that Bitcoin is now at

Bitcoin Surges Above $103,000

On November 5th, according to HTX market data, Bitcoin saw a rebound and managed to break through $103,000. It is currently trading at $103,038, with the 24-hour decline narrowed to 1%.

Bitwise CIO: The Era of Allocating Only 1% of Assets to Bitcoin Is Over

On November 5th, Matt Hougan, the Chief Investment Officer of Bitwise, stated that the era of allocating only 1% of assets to Bitcoin has come to an end. Just like companies after their initial public offerings (IPOs) are much less risky compared to early-stage startups, today's Bitcoin is much more mature and stable than it was a decade ago, and there is a more widespread ownership distribution. With the adoption of institutions and ETF trading, its volatility has significantly decreased, indicating its evolution towards a mainstream asset. The path for Bitcoin to increase its market value from $2.5 trillion to gold's $25 trillion may be achieved more quickly than many had expected.

BiyaPay Analyst: US Stock Market Plunges, Asian Stock Markets Halt Trading, Bitcoin Falls Below $100,000

On November 5th, the US stock market witnessed a "Black Tuesday" as all three major indexes witnessed a decline. The Nasdaq dropped by more than 2%. Tech stocks came under particularly heavy pressure, with major tech stocks like NVIDIA and Tesla falling by more than 5%. Asian stock markets were also not immune. The South Korean KOSPI and the Japanese Nikkei 225 index fell by more than 4% and 2.7% respectively. Meanwhile, Bitcoin fell below the $100,000 psychological level, with a 5% decline. The US dollar strengthened to a three-month high, intensifying the downward pressure on high-valuation tech stocks and the crypto market. BiyaPay analysts stated that market sentiment is weak. The strong US dollar and changes in Fed rate cut expectations have led to a reduction in investor confidence in risk assets. It is expected that the US stock market and cryptocurrency will continue to face pressure, especially high-valuation tech stocks. BiyaPay supports USDT trading for US stocks, Hong Kong

Metaplanet Raises $100 Million by Collateralizing Its Bitcoin Assets

On November 5th, Metaplanet raised $100 million by using its Bitcoin assets as collateral. The raised funds will mainly be utilized to purchase more Bitcoin in order to expand its revenue sources and repurchase shares. As of October 31st, Metaplanet held 30,823 bitcoins.

Arthur Hayes: Bitcoin to Rally After US Government Shutdown Ends, Zcash to Outperform

On November 5th, Arthur Hayes, a co-founder of BitMEX, posted that since the U.S. debt ceiling was raised in July, BTC has decreased by 5% and U.S. dollar liquidity has fallen by 8%. The U.S. Treasury General Account (TGA) has absorbed liquid dollars from the market. When the U.S. government shutdown comes to an end, the TGA will decline, which will be beneficial to U.S. dollar liquidity, leading to an increase in BTC and a greater increase in ZEC.

Swiss Bitcoin Asset Management Company FUTURE Completes Approximately $34.6 Million Strategic Financing

November 5th - As reported by Reuters, the Swiss Bitcoin asset management firm FUTURE has declared the accomplishment of a CHF 28 million (approximately $34.6 million) strategic financing round. Participating in this round are Fulgur Ventures, Nakamoto, TOBAM, and others.

U.S. Senator Lummis: Firm Believer That a Strategic Bitcoin Reserve Is the Only Solution to Offset U.S. Debt

On November 5th, the U.S. crypto-friendly Senator Cynthia Lummis said, "I am firmly convinced that a strategic Bitcoin reserve is the sole solution to offsetting our national debt. I am grateful for President Trump's support and look forward to its final accomplishment."

Yesterday, the US Bitcoin spot ETF saw a net outflow of $566.4 million, marking the fifth consecutive day of outflows.

Update: On November 5th, as per Farside Investors, the net outflow of the US Bitcoin spot ETF was $566.4 million the previous day, indicating the fifth consecutive day of net outflows. Yesterday, Fidelity's FBTC witnessed a net outflow of $356.6 million, and ARK's ARKB had a net outflow of $128.1 million.