Market Signal Briefing

Dogecoin, a leading cryptocurrency long known for its humorous origins, witnessed a sharp decline recently, dropping from $0.185 on November 11 to a low of $0.135 within ten days. Currently, Dogecoin has rebounded slightly, trading at $0.145.

Bitcoin continues to battle one of its most challenging phases of the year as declining spot demand, negative ETF flows, and fading confidence in derivatives markets apply persistent downward pressure. After a strong run earlier in the cycle, BTC has slipped below key cost-basis models and is struggling to reclaim previously stable support zones — a signal that sellers continue to outweigh buyers across short-term orders.

What's happening to Bitcoin? Will it go to Zero? (Photo illustration by Dan Kitwood/Getty Images)

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Bitcoin is down 30% from its peak and gold is tumbling from $4,200+. According to Financial Times, Nasdaq had its worst week since April 2025, especially the tech heavy companies. Many of my friends are asking me “Is Bitcoin going to $0?” after believing the potential of the asset highlighted in this Forbes article when Bitcoin hit $126K!

When the 'digital gold' crashes alongside actual gold, and AI darling stocks crater together, are we witnessing a fundamental shift or just a spectacular correction? Is this the great unraveling of 2025 where everything falls together?

It is unusual when everything, including those instruments who typically have opposite characteristics, go down together. So I did some research to figure out what is happening.

The bottom line is that the 2025 crash isn’t just a Bitcoin story or an AI story. It’s really a liquidity story.

And liquidity stories rewrite correlations.

What’s Happening in the Market and to Bitcoin? Just one month ago,

according to CME's FedWatch tool, the probability of the Federal government cutting rates was 93.7%. Now the probability of the cut now has dipped to 44.9%, a dramatic drop in a short period of time. When investors realize they are all collectively wrong about the Fed’s direction, they all self-correct at the same time.

Rate cuts usually boost both stocks and alternative assets like gold and digital assets making borrowing cheaper and cash less expensive. Both when that turns out to be incorrect, the opposite happens and sometime, like in 2025, in brutal reversal.

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At the same time, there is talk about an AI Bubble.

According to CBS news analysts, “There’s a recognition that if they (companies) spend all this money on data centers, it will weigh on their earnings.” The numbers tell a stark story. Microsoft and Google collectively announce over $250B in combined AI infrastructure spending 2024-2025, yet their revenue streams remain largely unquantified in earnings calls.

More troubling, enterprise software companies riding the AI wave show disconnect between promises and performance. Palantir trades at 180x trailing earnings while customer acquisition costs have doubled year over year. The echo of dot com is unmistakable.

A recent McKinsey report found that only 23% of companies using Generative AI report measurable productivity gains, yet those same companies are increasing their AI spend. Everyone has been talking about the value that AI brings to businesses, but AI has been hard to measure and hardly any company is talking about their results.

Even the FANG (Facebook, Amazon, Nvidia, Google) companies are having issues. Nvidia announced positive revenue growth, but their stock price went down. It really shows that in these volatile times, even great execution cannot overcome the inertia in the market. Note: the circular revenue didn’t help either. According to the Register, Nvidia was going to invest $100M in OpenAI, and OpenAI in turn was going to buy $100M in Nvidia chips, so it appeared like Nvidia was bankrolling its own revenue.

Finally the US Dollar has surged in the last three months to highs. This actually makes the purchase of gold, bitcoin and other assets more expensive to international buyers. So breaking gold’s traditional safe haven means investors didn’t run to buy gold and other precious metals. Gold lost its defensive spot with a high dollar, and didn’t provide a place for investors to hide.

Bitcoin’s Death Spiral or Growing Pains?Currently, Bitcoin is moving with stocks, not as a hedge. This reality tanks the narrative that Bitcoin is digital gold. According to The Block, institutional investors took out $900M from Bitcoin ETFs. When the market needed Bitcoin to move independently, it instead moved lockstep with tech stocks. In fact, Gold, stocks and long term bonds are all outperforming Bitcoin.

Yet the history of Bitcoin is all about resilience, and its history is filled with sharp declines and spectacular recoveries. Although this time is a bit different, with institutional investors, pension funds, corporations and ETFs all betting on bitcoin, and these factors create a foundation that didn’t exist in the past. It provides a floor and a legitimacy, that wasn’t there before.

Demand for downside protection around $80,000 to $85,000 has soared. The question isn’t will Bitcoin survive but rather, how it will emerge from the crucible it is now in.

The Broader Market Message for Bitcoin InvestorsThe 2025 crash reveals a fundamental shift in how markets operate. The broader market message is signaling the end of easy money and instead a focus on real value. Investors are now not looking at speculation but on fundamentals. Those fundamentals are the same for AI companies, Bitcoin traders, and the entire industry.

The fact that we may be in an AI Bubble doesn’t phase some people. Robert Metcalfe said that “bubbles are an innovation tool. They cause innovation to occur that might not otherwise have happened.” According to Sarbjeet Johal, “bubbles are self-healing mechanisms of the system working as designed.”

But we do now have an interconnectedness problem. Institutional investment now has triggered new correlations between cryptocurrency and traditional tech stocks. When Nasdaq falls in its worst week since April 2025, Bitcoin doesn’t act as a hedge and now amplifies the decline.

In 2013, bitcoin rose significantly, tech stocks remained flat, and gold crashed. And then in 2018, crypto sold off while tech stocks rose. In 2025, for the first time, everything from gold to bitcoin to AI stocks corrected on the same day. That’s the hallmark of a liquidity driven market.

Sources: CoinMarketCap Bitcoin price history, Nasdaq historical index data, Macrotrends gold performance charts, Financial Times (2025 market reporting)

Sandy Carter

The result is a market where traditional diversification fails.

What to Watch: The Next 90 Days Will Tell The Story For BitcoinIn the next 90 days, the immediate catalyst is the Federal Reserve’s December 18th meeting. If the Feds cut rates, we could see a relief rally in risk assets by year end. But watch the Fed’s 2026 guidance. Any signal of prolonged higher rates might trigger another selloff.

For Bitcoin, monitor three levels: $85,000 represents institutional support where major ETF inflows occurred. A break below $75,000 may signal another issue, and above $95,000 would confirm the bull market remains intact. These levels will be tested over the next 4-6 weeks.

Watch for Nvidia's 4Q Earnings (Photo by Justin Sullivan/Getty Images)

Getty Images

AI stocks are on a different timeline. Q4 earnings season will be the tell tale sign. Companies must show strong ROI from AI investments. Watch for Nvidia’s guidance on datacenter demand and the FANG’s AI revenue disclosure. If either disappoints, there may be another sector wide correction.

Will Bitcoin Hit $0? It is very unlikely that Bitcoin will hit zero but this crash signals something more profound. And that is that Bitcoin has now transformed from revolutionary outsider to established player.

The real question now isn’t survival but identity.

What becomes of a digital asset that was designed to be uncorrelated when it now moves lockstep with Nasdaq?

This identity crisis isn’t temporary. Bitcoin’s next decade comes down to a simple choice: does it stay a macro-sensitive institutional asset or does it rediscover its independence.

The institutional path means Bitcoin trades like a high beta tech which is driven by Fed policy and fund positioning. The decentralized path requires different catalysts: more self custody, stronger L2 adoption, rising onchain stablecoin flows and sustainable mining economics.

The current generation of Bitcoin holders bought into the narrative of “digital gold”. The next generation will determine whether Bitcoin can reclaim its revolutionary purpose or accept its fate as just another asset in a diversified portfolio.

We’ve just ended the post-2020 “everything rally”. Now, it’s a return to the fundamentals.

In markets, as in life, the most interesting transformations happen when everything seems to be falling apart at once. What emerges from the chaos may not bear resemblance to what came before for Bitcoin, and that might not be entirely bad.

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In a recent announcement, cryptocurrency exchange Coinbase revealed that it is conducting a scheduled migration of significant amounts of digital assets to new internal wallets.

Why Move Funds To New Wallets?
On Saturday, November 22, Coinbase executed the migration of large crypto funds (specifically Bitcoin and Ether tokens) from internal legacy wallets to fresh wallets. According to the exchange’s announcement, this significant asset movement is a standard security practice to avoid keeping funds in the same publicly known wallet addresses for long periods.

The crypto exchange noted that this wallet migration has been “planned well in advance” and is not related to industry landscape shifts or the current price structure. Additionally, the exchange said that any large-volume on-chain movement is not associated with any cybersecurity threats or data breach incidents. 

Coinbase wrote to users in the announcement: 

As part of our efforts to maintain our industry-leading security standards, Coinbase will undergo internal wallet migrations for BTC and ETH. This is a standard practice that reflects our commitment to keeping assets safe. During this time, Coinbase will migrate funds on-chain from legacy internal wallets to new internal wallets.

The US-based exchange warned users to be vigilant during and after the migration, as scammers and bad actors may try to take advantage of the situation. Coinbase reminded users that no representatives will reach out to customers requesting their login information or ask them to move their funds.

Source: @CoinbasePltfrm on X
As seen with significant security breach incidents in recent years, hackers tend to target cryptocurrency exchanges due to their centralized nature. Moreover, the (often necessary) use of hot wallets, which are always connected to the internet, adds an extra layer of security risk to crypto exchange operations.

Hence, Coinbase’s initiative to not keep user funds in a single reserve or publicly known internal wallets minimizes the risk of long-term exposure. 

How Much BTC Did Coinbase Move?
The Bitcoin Exchange Reserve metric fell significantly on Saturday, with over 200,000 BTC withdrawn from exchanges in the past day. Given Coinbase’s earlier announcement, it should be little surprise that there was a substantial impact on this on-chain metric on the day.

According to Darkfost, a pseudonymous on-chain analyst on the X platform, this wallet migration saw the exchange move around about 300,000 BTC (equivalent to over $25 billion). The analyst noted that the Bitcoin Exchange Reserve metric will eventually correct and update with the new Coinbase-controlled addresses.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView

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Opeyemi Sule is a passionate crypto enthusiast, a proficient content writer, and a journalist at Bitcoinist. Opeyemi creates unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi enjoys reading poetry, chatting about politics, and listening to music, in addition to his strong interest in cryptocurrency.

On November 23, 2025, XRP, the cryptocurrency associated with Ripple, has climbed above the $2 mark following a turbulent week. The past few days saw the digital asset plummet from $2.30 to just above $1.80, marking a low point not seen for weeks.

Rich Dad Poor Dad author Robert Kiyosaki has sold $2.25 million worth of Bitcoin (BTC) to invest in a string of brick-and-mortar businesses, as the top cryptocurrency’s prices continue to wobble. Despite the sale, Kiyosaki disclosed that he remains largely “bullish” and “optimistic” toward BTC for the long term.

Robert Kiyosaki Sells Bitcoin To Diversify Investment
Amid Bitcoin’s prolonged price decline, Robert Kiyosaki has confirmed selling a portion of his BTC holdings. According to an X post, the American author sold $2.25 million in Bitcoin, revealing plans to invest in a string of cash-flow-positive businesses.

At current prices, Kiyosaki offloaded around 25 BTC, representing approximately 34% of his holdings. Kiyosaki stated that he purchased Bitcoin at an average price of $6,000 several years ago, netting him an impressive 1,400% gain per coin.

Previously, the author revealed that his Bitcoin holdings stood at 73 BTC and disclosed plans to increase his stash to 100 BTC. Following the sale, Kiyosaki disclosed that the funds from the BTC purchase will be used to buy two surgery centers and to invest in a billboard business in the US.

“I estimate my $2.25 million Bitcoin investment into the surgery centers and Billboard business will be positive cash flowing, approximately $27,500 a month income by next February… tax-free,” wrote Kiyosaki.

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He added that the investments will generate around $27,500 per month by February 2026. Kiyosaki noted that the anticipated earnings will bring his monthly income to over $100,000, and he intends to use the funds to purchase more Bitcoin as part of his “rich plan.” 

Despite the sale, Kiyosaki reiterated a firm belief in Bitcoin’s long-term price performance. Previously, the author tipped Bitcoin to surge to over $1 million, citing excessive government money printing and BTC’s inherent scarcity.

“I am still very bullish and optimistic on Bitcoin and will begin acquiring more with my positive cash flow,” added Kiyosaki.

Bitcoin Price Roils Under $90,000
Kiyosaki’s BTC sale comes amid a torrid patch for the largest cryptocurrency, underscored by a steep decline in prices. At press time, Bitcoin is trading at $86,563, down by 33% from its all-time high of $126,198, which it set in October 2025.

The latest decline is the biggest correction from an all-time high since 2022, erasing all its gains since the start of the year. Meanwhile, Bitcoin’s realized losses have risen to levels last seen during the infamous FTX collapse, as ETFs have recorded steep outflows over the last day. Meanwhile, a Bitcoin whale has since offloaded all his $1.3 billion worth of BTC stockpile after hodling since 2011.

Cardano fell victim to an attack that split the network into two, but swift action from several engineering teams has resolved the issue. At press time, the bad actor behind the chain partition has been identified, with Charles Hoskinson threatening legal action as ADA trades below $0.5.

A Network Partition Spooks Cardano Users
According to on-chain data, the Cardano mainnet experienced a network partition event just a day after the preview testnet faced similar issues. The fork split the Cardano network into two distinct chains, with an incident report blaming the chain partition on a “malformed delegation transaction.

Published by Intersect, the incident report noted that the malformed delegation transaction exploited a bug in an underlying software library from 2022. While previous ledger versions have masked the bug, Intersect’s analysts say the attacker used specialized tooling to trigger the bug.

“The bug allowed an oversized hash in a malformed delegation transaction to pass initial validation checks when it should have been rejected,” read Intersect’s report.

Aware of the divergence, engineering teams from the Cardano Foundation, Input Output, and Intersect collaborated to develop a hotfix for the issue. Within hours, SPOs and other node users were instructed to upgrade their nodes, increasing the weight of the healthy chain with the poisoned chain and its blocks rendered invalid.

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Contrary to claims, the incident report noted that Cardano did not stall, and both divergent chains produced blocks throughout the incident. Meanwhile, several cryptocurrency and third-party service providers have paused deposits and withdrawals as a precautionary measure. A specialized working group is tasked to reconcile valid transactions from the poisoned chain into the main “healthy” chain.

Suspect Identified Amid Threat Of Legal Action
Intersect’s incident report disclosed that the team has identified the wallet responsible for the malformed transaction. Preliminary investigations linked the wallet to a participant from the Incentivized Testnet (ITN) era, with the team branding it a potential cyberattack.

At press time, the Federal Bureau of Investigation (FBI) and other relevant authorities were investigating the attack. Pseudonymous X user Homer J has claimed responsibility for the incident, describing his actions as a personal challenge without the intent to cause harm or make a profit. Meanwhile, Cardano founder Charles Hoskinson downplayed his reasons for triggering the bug. Hoskinson argued that the incident is a personal, premeditated attack by a disgruntled SPO with a long-standing animosity toward the Cardano founder. In a series of X posts, Hoskinson revealed that the incident targeted his personal pool and could have far-reaching consequences for the network.

Since the incident, Cardano’s price has fallen by nearly 7% to $0.4095, a steep decline of over 35% in the last 30 days. Previously, a Cardano whale lost $6.2 million in ADA during a botched stablecoin swap, adding heavy downward pressure on the beleaguered asset.

According to a myriad of reports, Aerodrome Finance and Velodrome Finance spent Saturday putting out fires after a DNS hijack quietly rerouted users to phishing sites. Aerodrome–Velodrome Front Ends Compromised The Base and Optimism platforms woke up on Nov.

Influencers on X love pointing to rising M2 charts or a softening dollar as proof that Bitcoin is about to blast off.

Those overlays make for great engagement, but they flatten a far more complex relationship. They matter, but not in the simple, linear way they’re often sold.

Money printing, which increases the global M2 money supply, is said to lead Bitcoin price movements by about 12 weeks. The thinking is that once more liquidity enters circulation, it takes a little while to find its way into Bitcoin.

I identified that the closest correlation is actually over 84 days. Thus, the chart below uses that window as a basis for my analysis.

Liquidity and the dollar – 2 clocks, 1 alarmBitcoin does move on those two clocks: liquidity and the dollar. However, they rarely strike together.

I compiled daily price data over the last 12 months to map interactions among Bitcoin, global M2 supply (shifted forward by 84 days), and the DXY dollar index.

The picture, however, does not align with a single rule.

Liquidity aligns with price at slow turns, the dollar exerts quicker pressure, and the connection between all three strengthens or dissolves with the market regime.

The full-period level relationships are clear. Bitcoin’s price co-moves with the liquidity gauges and moves in the opposite direction of the dollar.

Across 203 trading days, the correlation between Bitcoin and M2 (shifted back by 84 days) is 0.78 and 0.77 for the 84-day-forward version (showing price into the future), while Bitcoin versus DXY is −0.58. M2 and DXY are themselves inversely related at −0.71.

These figures describe the backdrop, not day-to-day action, because the series trends over months. On the daily tape, they barely line up at all.

Using log returns rather than levels, same-day correlation is 0.02 for Bitcoin versus M2 and 0.04 for Bitcoin versus DXY, which means the common maxim, dollar up and Bitcoin down, is not a one-day phenomenon in this window. The timing lives in the lags.

A lag test on daily returns shows two time scales. With a minimum of 120 overlapping observations to avoid spurious fits, Bitcoin returns are most correlated with prior moves in the liquidity series about six weeks earlier, and most inversely correlated with prior moves in DXY about one month earlier.

The best values inside these constraints are a correlation of 0.16 when M2 leads by 42 days and −0.20 when DXY leads by 33 days.

In plain terms, liquidity acts like slow gravity, the dollar acts like a throttle, and both push through with measurable, if modest, strength only once their impulses persist for weeks.

Bull run vs bear market relationshipThe regime split around Bitcoin’s 2025 high is decisive. Before the Oct. 6 peak, Bitcoin’s level correlation with M2 is 0.89 and with the forward-shifted M2 is 0.87, while the correlation with DXY is −0.58.

In the post-peak slice through Nov. 20, the sign flips for liquidity, with correlations around −0.49 for both M2 series, while the inverse link to the dollar remains near −0.60. That pattern matches the visual overlay traders watch on charts.

During the move up, the 84-day-forward M2 line tracks the price path.

During the downswing, M2 keeps grinding higher while the price diverges.

The dollar’s pressure persists across both phases.

I also crafted a 180-day rolling correlation panel, defined as Bitcoin versus an 84-day-lagged M2, which captures the same turnover in a single line.

It tops at 0.94 on Dec. 26, 2024, then fades through the first quarter, crosses near zero, and prints a low of −0.16 on Sept. 30, 2025.

The reading on Nov. 20 is −0.12. That arc is consistent with a bull leg that respects the M2 lead, followed by a late-cycle period in which a firmer dollar and positioning compress the link.

Bitcoin to M2 (84d lag) correlation over 180 daysThe result is not that one variable “explains” Bitcoin. The data says the relationships are conditional and time-varying.

Liquidity adds the slow impulse that often frames multi-month advances when the dollar is not rising, which is why the forward-shifted overlay looks accurate around turns.

The dollar adds the faster impulse that tracks Bitcoin’s drawdowns and hesitations when its own trend is firm.

When M2 and DXY align, the tendency is strong and the path is smoother.

When they conflict, correlation collapses, and the lag that worked in one season fails in the next.

M2 Liquidity causes a slow, multi-month lift — but only when the dollar isn’t rising.

Dollar strength causes fast pressure on Bitcoin — it cools rallies and deepens pullbacks.

So, in simple terms, this means:

To keep the emphasis on timing rather than narrative, the core numbers from the data are below.

MeasureSeriesWindowValueNotesLevel corrBTC vs M2 (84d Shifted)Full sample0.78203 daysLevel corrBTC vs M2 (84d forward)Forward sample0.77203 daysLevel corrBTC vs DXYFull sample−0.58203 daysReturn corrBTC vs M2 (same day)Full sample0.02162 daysReturn corrBTC vs DXY (same day)Full sample0.04162 daysBest lag corrM2 leads BTCLag 42 days0.16n = 120Best lag corrDXY leads BTCLag 33 days−0.20n = 129Pre-peak level corrBTC vs M2 (84d Shifted)Through Oct. 60.89advancePost-peak level corrBTC vs M2 (84d Shifted)After Oct. 6−0.49drawdown sliceRolling corr panelBTC vs M2 (84d Shifted)Max value0.94Dec. 26, 2024Rolling corr panelBTC vs M2 (84d Shifted)Min value−0.16Sept. 30, 2025Rolling corr panelBTC vs M2 (84d Shifted)Latest−0.12Nov. 20, 2025These numbers line up with what chart readers infer by eye, with one refinement: the optimal lag is not fixed.

My 84-day choice performs well during the upswing, and it degrades in late 2025 as the dollar strengthens.

In the return data for this sample, the strongest M2 relationship is nearer six weeks, while the dollar relationship is around 1 month. The forward overlay still adds value as a directional anchor, yet the lag is elastic.

How to interpret the dataA practical view is to treat M2 as the slow trend compass and DXY as the gatekeeper that can block or accelerate the path.

When the compass points north and the gate is open, correlation rises.

When the compass points north and the gate closes, the track bends or stalls.

For anyone keen to monitor these trends, two elementary checks cover most of what the sample shows.

Monitor the slope of the liquidity series and the slope of the dollar over rolling one to three months, in returns rather than levels, then require alignment before leaning on the M2 overlay.Let the lag float within a band rather than locking it to a single number, since the lead that dominated around the 2024 holiday period is not the same as the one that best fits late 2025.Both steps can be implemented with rolling correlations on weekly returns and a simple lag search.

The bottom line is a framework rather than a slogan.

Liquidity dominates turns and multi-month trends when the dollar is calm-to-weaker.

The dollar tends to dominate near-term swings when it trends higher.

The past year delivered both states, and the correlations moved with them.

Investors would have seen their investment more than triple in value.

The S&P 500 (^GSPC +0.98%) tracks 500 of the largest U.S. companies on the stock market and is the most closely followed stock market index. There are various exchange-traded funds (ETFs) that track the index, but one of the most popular is the SPDR S&P 500 ETF Trust (SPY +1.00%).

This ETF boasts more than $680 billion in assets under management, and it has been a rewarding investment since its inception. However, its performance has been particularly impressive over the past decade with a gain of 219%. If you had invested $1,000 in the fund 10 years ago, it would be worth $3,190 today.

Image source: Getty Images.

Being up 219% after a decade might not seem celebration-worthy when investors regularly see high-flying growth stocks achieve similar gains in as little as a year, but it's important to maintain the proper perspective.

An fund like the SPDR S&P 500 ETF Trust has long been considered a well-rounded investment because it offers a trifecta: diversification (although it has become more concentrated in recent years), low cost (SPY has a 0.0945% expense ratio), and a strong contingent of blue chip stocks.

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The S&P 500 isn't a perfect parallel for the U.S. economy, but it tends to move in the same direction long term as the companies within the index naturally benefit from a growing economy. If you're looking for something that can be a cornerpiece of your portfolio, the SPDR S&P 500 ETF Trust is it.

Stefon Walters has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Shares of cloud-based storage solutions provider Snowflake Inc. (NYSE: SNOW) lost 5.34% over the past month after gaining 11.97% the month prior.

November 23, 2025 8:04 AM EST | Source: Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses in Molina to Contact Him Directly to Discuss Their Options

If you purchased or acquired securities in Molina between February 5, 2025 and July 23, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - November 23, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Molina Healthcare, Inc. ("Molina" or the "Company") (NYSE: MOH) and reminds investors of the December 2, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose: (1) material, adverse facts concerning the Company's "medical cost trend assumptions;" (2) that Molina was experiencing a "dislocation between premium rates and medical cost trend;" (3) that Molina's near term growth was dependent on a lack of "utilization of behavioral health, pharmacy, and inpatient and outpatient services;" (4) as a result of the foregoing, Molina's financial guidance for fiscal year 2025 was substantially likely to be cut; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On July 7, 2025, before the market opened, Molina issued a press release announcing financial results for the second quarter of 2025 and slashing full year 2025 adjusted earnings per share guidance. The press release revealed the Company's second quarter 2025 adjusted earnings of approximately $5.50 per share, which was "below its prior expectations" due to "medical cost pressures in all three lines of business." The Company announced it "expects these medical cost pressures to continue into the second half of the year" and cut guidance for expected adjusted earnings per share 10.2% at the midpoint, from "at least $24.50 per share" to a "range of $21.50 to $22.50 per share." The press release revealed Molina was experiencing a "short-term earnings pressure" from a "dislocation between premium rates and medical cost trend which has recently accelerated."

On this news, Molina's stock price fell $6.97, or 2.9%, to close at $232.61 per share on July 7, 2025, on unusually heavy trading volume.

Then, on July 23, 2025, after the market closed, Molina issued a press release reporting its financial results for the second quarter ended June 30, 2025 and further slashing the Company's full-year 2025 earnings guidance. The press release revealed, in part, that the Company's "GAAP net income was $4.75 per diluted share for the second quarter of 2025, a decrease of 8% year over year;" and it "now expects its full year 2025 adjusted earnings to be no less than $19.00 per diluted share." This represented another 13.6% cut to guidance of earnings per share at the midpoint, from the cut to guidance announced less than two weeks earlier. The Company also cut its guidance for its full year 2025 GAAP net income 27% to $912 million. The Company attributed its results a full year outlook to a "challenging medical cost trend environment," including mere "utilization of behavioral health, pharmacy, and inpatient and outpatient services." The Company alleged its guidance cut also reflected "new information gained in the quarterly closing process."

On this news, Molina's stock price fell $32.03, or 16.84%, to close at $158.22 per share on July 24, 2025, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Molina's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Molina Healthcare, Inc. class action, go to www.faruqilaw.com/MOH or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275473

The holiday season usually means peak sales, driven by the return of seasonal favorites, increased high-margin specialty drinks, and a surge in gift card sales that secure future revenue. It's a time when busy cafes and iconic red cups lead to the company's strongest quarterly results.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: I am not an investment advisor and this is not a recommendation to buy or sell a security. Investors are recommended to read all of the company's filings and press releases as well as do their own research to determine if the company fits their own investment objectives and risk portfolios.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

SummaryU.S. equity markets dipped in a volatile week, while benchmark interest rates pulled back from one-month highs, as renewed anxiety over stretched AI-driven valuations collided with mounting monetary policy uncertainty.Public commentary from Fed officials revealed an unusually fractured committee, with a divide that was deepened further by a mixed slate of employment data via the long-delayed September payrolls report.Payrolls data showed that the U.S. economy added 119k jobs in September- better than estimates- but prior months were revised lower and the unemployment rate rose to four-year highs.Four voting members signaled a preference towards another December rate cut, another two appear to be leaning towards a cut, while five signaled a preference to hold rates steady.Adding a fitting and ironic twist, the likely swing votes on the committee appear to be Lisa Cook and Jay Powell - the very officials the President has called on to resign - intensifying the political and institutional tension surrounding this final policy call of 2025.Black Friday Sale 2025: Get 20% Off pabradyphoto/iStock via Getty Images

Real Estate Weekly Outlook U.S. equity markets dipped in a volatile week - while benchmark interest rates pulled back from one-month highs - as renewed anxiety over stretched AI-driven valuations collided with mounting uncertainty over the path of monetary policy

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RIET, HOMZ, IRET, ALL HOLDINGS IN THE IREIT+HOYA PORTFOLIOS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Hoya Capital Research & Index Innovations ("Hoya Capital") is an affiliate of Hoya Capital Real Estate, a registered investment advisory firm based in Rowayton, Connecticut, that provides investment advisory services to ETFs, individuals, and institutions. Hoya Capital Research & Index Innovations provides non-advisory services including market commentary, research, and index administration focused on publicly traded securities in the real estate industry. This published commentary is for informational and educational purposes only. Nothing on this site nor any commentary published by Hoya Capital is intended to be investment, tax, or legal advice or an offer to buy or sell securities. This commentary is impersonal and should not be considered a recommendation that any particular security, portfolio of securities, or investment strategy is suitable for any specific individual, nor should it be viewed as a solicitation or offer for any advisory service offered by Hoya Capital Real Estate. Please consult with your investment, tax, or legal adviser regarding your individual circumstances before investing. The views and opinions in all published commentary are as of the date of publication and are subject to change without notice. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Any market data quoted represents past performance, which is no guarantee of future results. There is no guarantee that any historical trend illustrated herein will be repeated in the future, and there is no way to predict precisely when such a trend will begin. There is no guarantee that any outlook made in this commentary will be realized. Readers should understand that investing involves risk, and loss of principal is possible. Investments in real estate companies and/or housing industry companies involve unique risks, as do investments in ETFs. The information presented does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. An investor cannot invest directly in an index, and index performance does not reflect the deduction of any fees, expenses, or taxes. Hoya Capital Real Estate and Hoya Capital Research & Index Innovations have no business relationship with any company discussed or mentioned and never receive compensation from any company discussed or mentioned. Hoya Capital Real Estate, its affiliates, and/or its clients and/or its employees may hold positions in securities or funds discussed on this website and in our published commentary. A complete list of holdings and additional important disclosures is available at www.HoyaCapital.com.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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November 23, 2025 9:02 AM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 23, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Firefly Aerospace Inc. (NASDAQ: FLY) resulting from allegations that Firefly Aerospace may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Firefly Aerospace securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46681 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On September 22, 2025, after market close, The Wall Street Journal published an article entitled "Firefly Aerospace Posts Wider Loss as Revenue Falls." The article stated that Firefly "logged a wider loss and lower revenue in its latest quarter, marking its first earnings report since its stock market debut last month."

On this news, Firefly stock fell 15.3% on September 23, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275596

2 Top Cannabis Stocks In The Market Right Now

2 minute read

This Is How Marijuana Stocks Should Be Understood To Make Money
Marijuana stock investors are awaiting the next jump in the market. More people are readjusting their strategies to prepare for this upcoming trading year. There is another push for a chance to federally legalize cannabis. When the campaign begins, shareholders will take better market action. History has shown that when federal reform news shows progression, it reflects well in the public sector for most pot stocks.

Not only have companies been hard at work developing new products and taking on new partnerships. With how fast the cannabis industry is evolving, staying up to date as a company and business is key. Changing with the times as things expand as a whole will only make things more efficient over time. For the global legal market, there has been a lot of money made. So much so that even with the reversal of the Farm Bill in the US, it could be the setup needed to pass federal reform.

This would only help improve the connection to other legal markets like Canada and Europe. Investors are seeing this and trying to take the downfalls in stride while waiting for the moment when trading takes off once more. For now, it’s about patience and strategy for investors and shareholders. Below are a few marijuana stocks to watch for better gains in 2026

Top Marijuana Stocks Today For Wiser Cannabis Investing

Curaleaf Holdings, Inc.(OTC:CURLF)
Green Thumb Industries Inc.(OTC:GTBIF)

Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. produces and distributes cannabis products in the United States and internationally. In more recent news, the company delivered outstanding Q3 2025 financial results.

Highlights And Keymentions

Third quarter 2025 net revenue of $320 million
Third quarter 2025 International revenue of $46 million
Third quarter 2025 adjusted gross profit margin(1) of 50%
Year-to-date operating and free cash flow from continuing operations of

$104 million and $57 million, respectively

[Read More] Three Leading Ancillary Cannabis Stocks Poised for Growth in November 2025

Green Thumb Industries Inc.
Green Thumb Industries Inc. manufactures, distributes, markets, and sells cannabis products for medical and adult-use in the United States.

It operates through two segments, Retail and Consumer Packaged Goods. During the first week of November 2025, the company released its Q3 2025 earnings.

Top Q3 2025 Financial Results
[Read More] 3 Top Marijuana Stocks To Invest In To Set Up Winning Trades

Revenue of $291.4 million, an increase of 1.6% over the prior year.
Cash at quarter end totaled $226.2 million.
GAAP net income of $23.3 million or $0.10 per basic and diluted share, excluding the one-time gain on asset sales, GAAP net income would have been $9.7 million or $0.04 per basic and diluted share.
Adjusted EBITDA of $80.2 million or 27.5% of revenue.
Cash flow from operations of $74.1 million.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

The thriving digital bank's shares have soared fivefold in just the past three years.

SoFi Technologies (SOFI +1.12%) has been one of the best-performing stocks in the market. Over the past three years, shares of the digital banking powerhouse have soared 402% (as of Nov. 19). Investors have no choice but to become more bullish, given the strong fundamental performance of the business.

But after such a monumental run, is this fintech stock yesterday's news?

Image source: SoFi.

SoFi keeps reporting exceptional financial results
During the third quarter (Q3 ended Sept. 30), SoFi reported financial results that gave shareholders more reasons to cheer. This points to the company's ongoing momentum.

Adjusted revenue jumped 38% year over year to $950 million. This was driven by a monster 50% gain in fee-based revenue, which is viewed as being less risky. Loan originations increased by 57%.

SoFi added 905,000 net new customers, bringing the total number of members to 12.6 million. This figure is more than three times the size of what the business had at the end of 2021. People are gravitating toward SoFi's products and services, with its superior user experience standing out in the competitive banking industry.

SoFi first achieved generally accepted accounting principles (GAAP) profitability in the fourth quarter of 2023. Since reaching this milestone, the bottom line has expanded in remarkable fashion. In 2024, the company reported adjusted net income of $227 million. Management expects SoFi to post $455 million in adjusted net income in 2025.

Critics of SoFi probably didn't think the business would become such a profit-making machine. However, it's clear that SoFi can leverage its operating expenses as it scales up. It helps that there are no physical bank branches to deal with.

From a purely fundamental perspective, SoFi is not even close to being yesterday's news. The company is firing on all cylinders. This is noteworthy, particularly because the economy isn't on the best footing these days. Any investor who looks at SoFi's financials will surely come away impressed. The future is extremely bright.

Today's Change

(

1.12

%) $

0.28

Current Price

$

25.19

Has SoFi stock gotten too expensive?
Investors interested in owning a growing and profitable fintech disruptor must keep an eye on SoFi. But just because the company is performing well doesn't mean the stock is a smart buy. Investors must look at the valuation.

SoFi shares have skyrocketed. And a valid case can be made that the stock is expensive. It trades at a forward price-to-earnings ratio of 44. That's not a bargain, to be sure.

However, SoFi's financial metrics are incredibly encouraging. Given that the business is poised to be much larger five years from now, the current valuation might be justified.

SummaryJacobs Solutions (J) fell over 10%, despite strong Q4 results, facing environmental sector challenges and a looming one-time tax event in 2026.J's backlog hit a record $23.1 billion, with growth in life sciences, advanced manufacturing, and critical infrastructure, but valuation remains elevated.J is well-diversified and positioned to benefit from AI, data center, and CapEx tailwinds, while its exposure to these sectors is still moderate.While J is somewhat expensive, it is investable now for a small position and could be a strong rebound stock during an economic downturn. Catherine Delahaye/DigitalVision via Getty Images

Earnings Highlights, Fundamentals, and Valuation Considerations Jacobs Solutions (NYSE: J) fell more than 10% despite beating EPS estimates and reporting solid overall numbers in Q4 2025. The stumble was due in part to challenges in

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in J over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Zcash price surged by 10% in the past 24 hours after news of OKX considering ZEC for relisting. The sudden rally pushed Zcash above $57, signaling strong bullish momentum. Traders are already positive and are looking to gain more as the privacy-centric cryptocurrency gains increased interest.

Zcash price outlook emerged as the top-performing asset in the crypto market during this period. This prominent increase comes after a week of uncertainty and mixed feelings among the investors. 

In the meantime, the overall crypto market recovered by 2.68% following a previous drop of 9.09% in the week before. BTC, ETH, SOL, and XRP also registered a small 24-hour recovery.

OKX Relists Zcash, Spot Trading Resumes Soon
Zcash (ZEC) is returning to OKX, one of the largest cryptocurrency exchanges in the global market.

On November 23, OKX announced in its Chinese blog that it will re-list Zcash, the most privacy-oriented cryptocurrency.

At 12:00 UTC, November 24, the ZEC/USDT spot trading will become operational. OKX users will be able to deposit ZEC already, and withdrawals will be provided two hours after the trading has started.

OKX 将上线 ZEC (Zcash) 现货交易，现已开放充币，开盘时间11月24日晚20:00 (UTC+8)，详见公告👇🏻

— OKX中文 (@okxchinese) November 23, 2025

The relisting is important, with OKX already delisting Zcash, Monero (XMR), and Dash (DASH) between January 4–5, 2024. The delisting was a larger regulatory compliance initiative

The largest offshore crypto exchange serving the Chinese-speaking community, OKX, seems to be turning around. The bulls have become strongly interested in Zcash because of this change. After the announcement, ZEC shot up dramatically, reaching a local high of $601.

This change is significant in the position of OKX on privacy coins and demonstrates that the market has new confidence in the future of ZEC.

How High Can Zcash Price Go This Week?
The latest Zcash price climbed to $574.31, and has seen a strong surge after holding a key support area. 

The MACD approaches a potential bullish crossover, with the bearish pressure gradually decreasing. The reduction of red histogram bars indicates that the sellers are in discharge with the buyers withdrawing from the market.

The RSI is approaching the mid-40 area following previous oversold situations. This stance leaves Zcash with room to go up further in case market moods become optimistic.

ZEC/USD 4-hour chart: Tradingview
If downward pressure returns, support rests at $550, with deeper support below that threshold. The first upside target sits at $620, which remains a major short-term hurdle. A successful breakout could open the path toward $700, the next significant resistance region.

The past week in the crypto world was nothing short of eventful. From a Bitcoin whale offloading a massive stake to the debut of a Dogecoin ETF, the crypto market was buzzing with activity.

Here’s a quick recap of the top stories that made headlines.

Bitcoin Whale Dumps $1.3 Billion StakeAn early Bitcoin investor, Owen Gunden, made waves by selling off his entire stake, valued at a staggering $1.3 billion. Gunden, who has been holding onto his Bitcoin since 2011, transferred $230 million worth of Bitcoin to cryptocurrency exchange Kraken, marking his final sale. This move comes amid one of the steepest declines of the apex crypto in recent memory.

Read the full article here.

Dogecoin Celebrates ETF DebutDogecoin welcomed the launch of a new exchange-traded fund that aims to provide leveraged exposure to the popular meme coin. The 21Shares 2x Long Dogecoin ETF made its debut on the Nasdaq stock exchange, earning a “Much congrats” from Dogecoin’s official handle.

Read the full article here.

See Also: Shiba Inu Burn Rate Explodes 23,864% In 24 Hours

Michael Saylor Defends Strategy’s Business ModelMichael Saylor, Executive Chairman of Strategy Inc., defended his company’s business model, asserting that it can withstand Bitcoin’s fluctuations and continue to provide value to shareholders. Saylor stated that as long as Bitcoin increases by 1.25% annually, Strategy can maintain its dividend payments indefinitely.

Read the full article here.

Peter Schiff’s Warning To Bitcoin BuyersPeter Schiff, a long-time critic of Bitcoin, warned that the only hope for Bitcoin to reach a new all-time high now hinges on an unlikely scenario: the U.S. government purchasing massive amounts of BTC for its Strategic Reserve. Schiff argued that such a move would amount to a taxpayer-funded bailout of Bitcoin speculators.

Read the full article here.

Charles Hoskinson’s Take On Trump-Era Crypto BoomCharles Hoskinson, the man behind Cardano, opined that the Trump-era crypto boom was a “rib-crushing hug” that disrupted the market’s normal cycle. He argued that the rapid political enthusiasm created an irrational rush of capital, throwing off the ecosystem’s typical four-year rhythm.

Read the full article here.

Read Next:

Bitcoin Snubbed By Magnificent Seven: Prediction Market Odds Crash To 5% From 69%
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Solana has taken another decisive step toward institutional maturity as exchange-traded products tied to the network continue to attract increasing levels of capital. The U.S. market has seen a notable shift in recent weeks as Solana-focused ETFs record back-to-back inflows, reinforcing the idea that demand for SOL exposure is expanding even in volatile market conditions.

Bitcoin miners are aggressively draining their reserves in a bid to shore up balance sheets against a historic collapse in revenue efficiency.

Data from CryptoQuant reveals that miners have transferred more than 30,000 Bitcoin, valued at around $2.6 billion, from their wallets since November 21.

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Bitcoin Mining Faces Survival Phase as Reserves Fall to Lowest Level EverAs a result, the exodus has pulled total miner reserves down to 1.803 million BTC, the lowest levels on record.

Bitcoin Miners Reserve. Source: CryptoQuantThis sudden liquidity event signals that operators are pivoting from accumulation to survival, forced to monetize hard assets to cover operational overhead as cash flows dry up.

The catalyst for the sell-off is a brutal deterioration in mining economics.

According to Hashrate Index data, Bitcoin’s hashprice has fallen more than 50% in recent weeks to an all-time low of $34.49 per petahash per second.

Hashprice is the industry standard for tracking daily revenue per unit of computing power.

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Bitcoin Hashprice Over the Past Year. Source: Hashrate IndexFor context, even during the 2021 China mining ban and the depths of the 2022 bear market, this metric rarely dipped below $50.

The current levels imply that, for all but the most efficient operators, the cost of generating a new Bitcoin now exceeds the asset’s market price.

Compounding the pain is a stubborn disconnect between price and network difficulty. While Bitcoin has corrected 22% over the past month to trade near $86,075, the network’s total computing power has refused to budge.

The global hashrate remains elevated at over one zettahash, suggesting a high-stakes game is playing out across the sector.

This implies that well-capitalized public miners are keeping next-generation fleets online despite negative margins. They are effectively subsidizing production with equity issuance or cash reserves.

The strategy is designed to squeeze out smaller, private competitors who lack access to capital markets.

Considering this, industry analysts warn that if Bitcoin prices do not quickly reclaim their uptrend, the sector could face a prolonged wave of capitulation.

In that scenario, distressed miners may be forced to liquidate not only their Bitcoin holdings but their physical infrastructure as well.

Ethereum investors are facing one of the most uncertain phases of 2025, yet one major trading institution is taking a calculated stance that has captured the attention of the broader crypto community. Liquid Capital founder Yi Lihua has reaffirmed his firm's commitment to Ethereum through a renewed accumulation strategy — and this time, the focus is exclusively on spot buying within the $3,000 to $3,300 range.