📊👀 Swissblock: Yes, alts are red across the board, but we need to focus on what’s happening beneath the surface.

With Bitcoin testing below $100K and still lacking force, #BTC dominance stays stable, but without the “capitulation spike” where capital flees into BTC.

Instead, we’re seeing renewed accumulation in alts, a clear sign of early rotation.

The stabilization zone can hold, acting as a buffer even if BTC retests below the $97K–$98.5K zone.

📊👀 #BTC in November

🇺🇸✅ The U.S. SEC and CFTC are resuming operations after a 43-day government shutdown. cointelegraph.com

🇺🇸 #XRP #ETF Bloomberg analyst: #XRPC surpassed trading volume of $59.1 million on the first day, the highest volume of any ETF launched this year (out of 900) and surpassing #BSOL with its $57 million.

🇺🇸🕹 #RWA The FDIC is developing guidance on "tokenized deposit insurance" to provide clearer regulatory parameters for financial institutions looking to expand into digital assets. bloomberg #regulation

🤔 #BTC Bitcoin Archive: BTC closed below $100k for the first time in 188 days.

⛏️ #BTC Bitfarms has announced plans to wind down BTC mining operations over the next two years and convert its facilities into #AI and high performance computing (HPC) data centers. cointelegraph

✏️ Wintermute released a report noting that the correlation between BTC and the Nasdaq-100 remains high (~0.8). Despite this close correlation, BTC, does not share the strength of the stock market, moving in sync only in moments of deterioration.
Pointed out that historically such negative asymmetry is not observed near peaks, but rather near bottoms.

👍 #POL #RWA R25 backed by Ant Financial launches RWA revenue-generating stablecoin protocol on Polygon. theblock.co

🤝 #HBAR #BTC WBTC расширяется на Hedera. cointelegraph

📉 #BTC #ETH #ETF Yesterday, total net outflows of spot BTC-ETFs totaled ~$866.7 million.

Total net outflows of spot ETH-ETFs amounted to ~$259.6 mln.

💸 #BTC Over the last 24 hours, ~$1.02 billion worth of contracts have been liquidated, of which longs have liquidated ~$895 million and shorts ~$126 million.

🔍🐳 Whale Transactions:

1. Anchorage Digital received 4,094 #BTC ($405 million) from Coinbase, Cumberland, Galaxy Digital and Wintermute;
2. 0xa13C, possibly owned by Richard Hart, received 4978 #ETH ($16.29M) from TornadoCash and sold for $3273;
3. Machi Big Brother closed a #UNI long with a loss of $481k. He still has a $7350.7 #ETH ($23.58 million) long open with a liquidation price of $3039. His total losses exceeded $17.7 million;
4. 66kETHBorrow bought another ~36,400 #ETH (~$104m), bringing his total purchases since Nov 4 to ~421,300 #ETH ($1.30bn) at an average price of $3489, currently with ~$126m in unrealized losses.

🙅‍♂️ Kraken co-founder says they are not planning an IPO in the US. cointelegraph

👀🆕 #BNB Binance Futures Will Delist COIN-M RUNEUSD Perpetual Contract (2025-11-19) binance #Binance #Listing

📊 Friday options expiration:
- Nominal value of #BTC options: $3.95 billion
- put/call ratio: 0.61
- max pain point: $105,000

- Nominal value of #ETH options: $730 million $
- put/call ratio: 0.59
- max. pain point: $3,475.

🕵 0x0c19 sold his 2,404 #ETH ($7.7M) that he's been holding for over 4 years.
He bought them on August 25, 2021, when #ETH was worth ~$3,190, and has now sold them to breakeven.

😱🤑 Fear&Greed Index for #BTC and #ETH

🤔 #BTC CEO CQ: Those who entered Bitcoin 6 to 12 months ago have a cost basis near 94K.

Personally, I do not think the bear cycle is confirmed unless we lose that level. I would rather wait than jump to conclusions.

🔝 Top Bridges and Messaging Protocols by 30-day volume

Total 30-day bridge volume has climbed to ~$51B, with #USDT0 and LayerZero each capturing ~25% of the market. #USDT #ZRO #HYPE

📊👀 #ETH Glassnode: Since late August, as Ethereum pulled back from its new peak, 3–10 year holders have ramped up their average daily spending to >45K ETH/day (90D-SMA).

This marks the highest spending level by seasoned investors since Feb 2021.