TD Cowen reports that the strategy premium for Bitcoin continues to decline and is approaching the lows seen during the 2021-2022 period. theblock.com

Whale Transactions:

A significant mover contributed $10 million in USDC on HyperLiquid and opened a 5x long position in 15,000 ETH, valued at approximately $44.15 million.

Another participant created a new wallet and injected $5.35 million into HyperLiquid, establishing a 20x short position in 495 BTC, amounting to $43.56 million, with a liquidation threshold set at $98,360.

Additionally, address 0x755b spent $1.35 million to acquire 37.04 million MON tokens at a unit price of $0.0364.

The Sharpe ratio for Bitcoin has fallen to zero, indicating heightened uncertainty and the early stages of risk re-evaluation. Similar to periods in 2019, 2020, and 2022, the ratio remains low for an extended duration before new multi-month trends develop. While not a guarantee of a market bottom, this suggests that the outlook for future returns may be improving as volatility stabilizes and market conditions normalize.

The Sharpe ratio for Bitcoin has fallen to zero, indicating heightened uncertainty and the early stages of risk adjustment. Historical parallels include 2019, 2020, and 2022, when the ratio remained low for extended periods before new multi-month trends developed. While this does not guarantee that a market bottom has been reached, it suggests that prospects for future gains may be improving as volatility normalizes and market stability returns.

Current prices, all-time highs, and all-time lows for leading cryptocurrencies in 2025.

Crypto venture funds secured $4.6 billion in the third quarter, marking the second-highest quarterly total since the FTX collapse. cointelegraph

Solana Spot ETFs see $58 million in net inflows over 20 days post-launch, The Block reports.

Santiment reports that since November 11, the number of Bitcoin wallets holding at least 100 BTC has increased by 0.47%, representing 91 additional wallets. Conversely, wallets with 0.1 BTC or less have declined. Historically, retail capitulation has been associated with favorable long-term price movements for cryptocurrencies.

In the past 24 hours, approximately $380 million in contracts have been liquidated, with longs totaling about $137 million and shorts approximately $242 million.

Bitcoin is approaching $67,000, with analyst James Wynn suggesting the target could be reached by the end of the week or over the weekend. Wynn noted that while certainty is unattainable, current support levels and buying activity make the move plausible.

Japan’s Metaplanet has drawn an additional $130 million from its $500 million credit facility, bringing the total to $230 million. The capital will be used for Bitcoin acquisitions, expanding BTC revenue-generating operations, and share repurchases.

The UAE has implemented legislation bringing DeFi platforms, Web3 protocols, stablecoin systems, decentralized exchanges, and cross-chain bridges under the jurisdiction of the central bank. cointelegraph #regulation

HEMI experienced a 41% increase today. At 4:45 PM Moscow time, substantial purchases bolstered its position as the leading asset across all centralized exchanges, prompting the price rally. Subsequently, at 7:36 PM Moscow time, HEMI ranked among the top assets in open interest growth on Bybit.

Elon Musk refuted claims regarding the shutdown of D.O.G.E.

Klarma to Launch Stablecoin on Tempo Blockchain Supported by Stripe and Paradigm

U.S. inflation metrics show easing pressures, with September’s Producer Price Index (PPI) rising 0.3% month-over-month, rebounding from a 0.1% decline. Year-over-year, PPI increased 2.7%, modestly higher than August’s 2.6%. Core PPI remained steady at 2.7% annually, down slightly from 2.8%. Retail sales increased 0.2% in September, slowing from August’s 0.6%. ADP employment data indicated a decline of 13,500 jobs, compared to a decrease of 2,500 in the prior month.

Treehouse to Launch TREE Token Buyback Program Funded by Protocol Revenues

Arthur Hayes is waiting for #MON to reach a price of $10, referring to the project as a "useless L1."

Paxos acquires New York-based cryptocurrency wallet startup Fordefi for over $100 million. More details can be found here.

Bitcoin remains below the realized price for short-term holders, according to Glassnode, while remaining well above deeper realized levels, indicating a neutral market stance. A rebound within these levels could signal the first significant sign of a structural recovery.

The Bank of Russia has lifted restrictions on qualified investors concerning investments in settlement instruments tied to cryptocurrencies through mutual investment funds.