Market Signal Briefing

Bitcoin and crypto are primed for a monumental comeback as U.S. monetary expansion accelerates, with surging Treasury debt and Federal Reserve liquidity injections setting the stage for an explosive new bull cycle across digital assets.

The Sui blockchain has taken a major step to overhaul transaction handling in a major consensus update that targets lower latency and higher efficiency.

Summary

Sui upgraded its consensus engine to reduce latency.
Transaction handling is now lighter and more efficient.
A new submission path cuts bandwidth and CPU usage.

Sui is rolling out a new version of its consensus engine, designed to make transactions faster and less resource-intensive, without altering how the network operates at its base layer.

The update was announced by Mysten Labs engineers on Nov. 6, outlining how Mysticeti v2 integrates transaction validation directly into the consensus process.

A shift in how transactions move through the network
Mysticeti, first activated on Sui’s (SUI) mainnet in July 2024, is a DAG-based consensus model built for speed and responsiveness. The goal was always to reduce waiting time between when a transaction is submitted and when it becomes final. 

While the first version of Mysticeti improved network latency, part of Sui’s transaction handling still depended on a separate pre-consensus validation step. That step made sense from a control and security standpoint, but it added extra computation and slowed finalization for more complex transactions.

Mysticeti v2 eliminates that separation. Validation and consensus now occur simultaneously, eliminating redundant work and reducing the time required to confirm non-fast-path transactions. This change allows the network to move closer to the performance levels the original Mysticeti design aimed for — processing many transactions at once without increasing network strain.

A new path for submitting transactions
Alongside the consensus change, Sui is also replacing its transaction submission flow. The previous Quorum Driver sent every transaction to all validators and required multiple rounds of signature aggregation before ordering could begin. This protected the fast-path flow but consumed a large amount of bandwidth and CPU.

The new Transaction Driver sends a transaction to just one validator, which then coordinates certification through the network. Signatures are now batched inside consensus blocks instead of being attached to individual transactions, bringing both bandwidth and compute usage down.

Mysten Labs reported that early rollout on its own and partner-operated full nodes produced meaningful reductions in latency, especially in Asia and Europe. With node version 1.60, Mysticeti v2 and Transaction Driver will become the default configuration across the network.

What comes next
Mysten Labs said the next phase of work will focus on reducing the average number of message rounds needed to commit transactions, enabling consensus blocks to stream more directly to full nodes, and addressing object-level “deadlock” issues that appear in certain execution patterns.

These changes are aimed at tightening responsiveness while preserving the flexibility and ownership-based execution model that Sui is built on.

ETF approvals for digital assets continue to expand, highlighting rising demand and shifting regulatory approaches in the US financial markets.

Key Takeaways

Bitwise expects to launch its spot Dogecoin ETF within 20 days due to the 8(a) automatic approval process.
Last week, three crypto ETFs tied to SOL, LTC, and HBAR made their Wall Street debut.

Bitwise, a crypto asset manager, expects its spot Dogecoin ETF to launch within 20 days following an automatic regulatory approval process known as the “8(a) move,” unless the SEC intervenes, according to Bloomberg ETF analyst Eric Balchunas.

The filing relies on Section 8(a) of the Securities Act, which allows registration statements to become effective automatically after a set period without explicit SEC approval.

Grayscale has also submitted amended filings for its spot Dogecoin ETF, initiating a similar countdown period toward potential listing. Multiple asset managers have advanced spot crypto ETF proposals with exchange rule changes submitted for SEC review.

Bitwise’s updated filing reflects ongoing efforts to list the product on a major exchange, aligning with broader crypto ETF trends that have gained momentum following successful Bitcoin and Ethereum spot ETF launches.

Disclaimer

In a bold escalation of the crypto-policy debate, Senator Cynthia Lummis has publicly asserted that Bitcoin is the only solution capable of addressing the mounting national debt burden facing the United States. Her comments come amid rising tensions over monetary policy, inflation, and the role of digital assets in reshaping finance.

How Bitcoin Could Reshape Treasury Markets
Senator Cynthia Lummis has once again made headlines with her support for Bitcoin, stating in a recent Bloomberg interview that BTC is the only solution to America’s mounting national debt. According to a crypto news source, CryptosRus, posted on X, that Lummis expressed her pro-Bitcoin stance, mentioning that BTC is an asset that will continue to grow over time and is the key to offsetting the burgeoning national debt.  

Lummis highlighted the concept of a strategic BTC reserve, asserting that it represents the sole viable strategy to offset the national debt. However, CryptosRus noted that her consistent advocacy makes her one of Washington’s most ardent supporters of BTC, pushing for its integration to play the core role of US fiscal strategy.

Several companies are actively preparing for this move. An emerging euro-denominated Bitcoin treasury backed by Tyler and Cameron Winklevoss, Treasury_BTC, has announced the appointment of Tycho Onnasch as its new head of BTC strategy. Onnasch is widely recognized within the BTC community for his foundational work on BTC scaling solutions, insightful market analysis, and deep conviction in BTC.

Onnasch’s impressive background includes founding Zest Protocol, a leading BTC yield and landing platform, which is supported by BTC heavyweights Tim Draper and Binance Founder Changpeng Zhao. Academically, Tycho holds a degree from Oxford University, with a specialization in economic history. His achievements were further acknowledged with his inclusion in Forbes’ prestigious 30 under 30 Europe list. Onnasch’s role will be instrumental in driving the company’s BTC strategy and influencing its approach to market interpretation.

A Healthier Foundation For Bitcoin Next Leg Higher
CryptosRus has also reported that BTC has recently experienced its most significant open interest meltdown of its current cycle since the liquidation event that occurred on October 10. The data reveals substantial drops across major platforms, with Binance’s open interest decreasing by $4 billion, Bybit by over $3 billion, and Gate by more than $2 billion. Due to this liquidation event, traders have not rushed back in with leverage. 

Typically, leverage rebuilds quickly after a wipeout, but the slow recovery from this current scenario suggests that the market confidence is shaken. This sentiment explains the current slow and choppy price action, as the market operates with reduced leverage and fewer aggressive positions. 

CryptosRus pointed out that when leverage undergoes such a significant reset, the market often leads to an increase in stability. It lowers the risk of another sudden cascade of liquidations and establishes a healthier foundation for the next price movements. The expert concluded that this is a BTC reset, not a breakdown.

BTC trading at $103,113 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com

Bitcoin (BTC) remains under pressure after failing to sustain above key resistance levels, signaling that the latest recovery attempt may lack conviction. With bearish indicators still dominant and volatility increasing, analysts warn that the market could face another downward move if Bitcoin remains capped below the $105,000 zone.

Bitcoin Faces Resistance Near $105,000
Bitcoin’s price attempted a minor rebound after dipping below $100,000 earlier this week but struggled to extend gains. The flagship cryptocurrency briefly climbed above $103,000, breaking a short-term bearish trend line, yet momentum quickly faded as sellers returned near the $104,000 level.

At press time, BTC trades below $104,000 and the 100-hour Simple Moving Average (SMA) — a sign that bearish momentum continues to dominate short-term price action.

Technical data shows that Bitcoin is struggling to recover from its recent decline, which started after the asset failed to hold the $105,000 support level. Following the drop, BTC slid below $103,500 and even touched a low of $98,900, triggering renewed selling pressure across the crypto market.

The recent bounce above the 23.6% Fibonacci retracement level of the drop from the $111,000 swing high to the $98,900 low has not been enough to change the trend, as buyers remain hesitant to commit capital at current levels.

Technical Outlook: Resistance Levels to Watch
The first key resistance sits at $104,000, followed by a stronger barrier near $105,000, which coincides with the 50% Fibonacci retracement level of the previous decline. A decisive close above $105,000 could encourage short-term buyers, potentially pushing BTC toward $106,500 or even $107,500.

However, the overall market structure remains weak as long as Bitcoin trades below the $108,500–$108,800 range, which represents the next significant resistance cluster. A successful breakout above this zone would be required for bulls to regain control and restore momentum toward $110,000.

For now, the technical picture continues to suggest consolidation and a possible retest of lower levels unless the bulls manage to reclaim $105,000 on strong volume.

Downside Risk: Support Zones in Focus
If Bitcoin fails to break the $104,000 resistance, analysts expect another decline in the coming sessions. The first level of immediate support lies near $102,150, followed by stronger support around $100,500.

The $100,000 psychological level remains the most critical short-term support. A sustained break below this threshold could open the door for deeper losses toward $98,800, which acted as a short-term floor during the recent correction.

Should bearish pressure intensify, the next major support zone lies near $97,500. Below that, analysts warn of a potential move toward $95,000 if sentiment continues to deteriorate across global markets.

Broader Market Sentiment Weakens
The crypto market has been underperforming amid declining risk appetite and cautious macroeconomic sentiment. While Bitcoin’s price action has been relatively stable compared to major altcoins, investors remain wary of further corrections, especially as U.S. economic data and geopolitical uncertainties weigh on global risk assets.

Trading volume has also dropped significantly over the past week, highlighting waning momentum and growing indecision among both retail and institutional traders. Many investors are choosing to stay on the sidelines until clearer signals emerge regarding the next directional move.

Analysts note that the $100,000 support zone is now seen as the “make-or-break” level for Bitcoin. Holding above it could stabilize sentiment, while a confirmed breakdown might lead to broader weakness across the crypto sector.

Institutional Demand and ETF Flows Show Mixed Signals
Despite short-term bearish pressure, institutional flows into U.S. spot Bitcoin ETFs remain mildly positive, suggesting that long-term confidence has not disappeared. According to market data, leading funds such as iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) have continued to record modest inflows, though at a slower pace than earlier in the year.

However, the muted response indicates that institutional investors are also cautious, waiting for more favorable entry points before scaling exposure. If ETF inflows pick up again in the coming weeks, it could provide a much-needed boost to Bitcoin’s recovery momentum.

Outlook: Bears Still Hold the Advantage
For now, Bitcoin’s short-term outlook remains bearish-to-neutral, with traders watching the $104,000–$105,000 range closely. A strong breakout above these resistance levels could pave the way for a move toward $107,500 or $108,800, while failure to do so may trigger a slide back toward $100,000 or lower.

Market analysts emphasize that sentiment remains fragile, and any further rejection near $105,000 could confirm the continuation of the correction phase that began in late October. Until then, Bitcoin’s recovery lacks conviction, and traders are likely to stay defensive amid signals of another potential pullback.

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SharpLink Gaming, an Ethereum treasury company, has reportedly started selling its ETH holdings. Joe Lubin-backed company moved 4,364 ETH to a crypto exchange, on-chain platforms reported on Friday. Meanwhile, SBET stock extends its downfall to over 12% in a week after closing 8% lower on Thursday.

SharpLink Gaming Dumps 4,364 ETH: On-Chain Platform
In an X post on November 7, on-chain platforms including Lookonchain reported that a wallet linked to SharpLink Gaming redeemed 5,284 ETH worth $17.52 million. And transferred 4,364 ETH worth $14.47 million to OKX crypto exchange.

SharpLink Gaming Moves ETH to OKX. Source: Arkham Intelligence
The wallet still holds 791.07 ETH worth $2.65 million and 0.5 LSETH, according to Arkham Intelligence data. The transfer to OKX was the only deposit from the wallet.

This likely comes as the mNAV plunges to 0.82 at the time of writing. The 2nd largest Ethereum treasury company holds 859.40K ETH worth $2.88 billion. It is important to note that the SharpLink Gaming ETH dashboard shows 860,759 in total ETH holdings.

SharpLink last accumulated ETH worth $78.3 million from FalconX on October 27. The company mainly staked ETH with Liquid Collective and Figment. However, Ethereum price has crashed over 30% since October as a result of the broader crypto market crash, turning institutions bearish.

A wallet linked to SharpLink (@SharpLink) deposited 4,363.5 $ETH, worth $14.47M into #OKX.

Has SharpLink started selling $ETH?https://t.co/xEQEziNdoM pic.twitter.com/tQTGwRfJ8q

— Onchain Lens (@OnchainLens) November 7, 2025

Will Prices Recover as Joe Lubin Backs a Strong Rally Prediction
As CoinGape reported earlier, SharpLink Gaming chairman Joseph Lubin and CIO Matt Sheffield highlighted historical data suggesting a strong rebound in ETH prices following the end of tax loss harvesting and the government shutdown.

Sheffield expects a relief rally to be swift and strong when the selling pressure eases. He claimed it took almost a month and a half for the crypto market to recover following the FTX crisis.

Ethereum price is trading at $3,344, down 2.70% in the past 24 hours. The 24-hour low and high are $3,245 and $3,454, respectively. Trading volume indicates a decline in interest among traders.

SBET Stock Price Slumps 8%
SharpLink Gaming’s SBET stock closed nearly 8% to $11.17 on Thursday. The intraday low and high were $11.13 and $11.84, respectively. Moreover, trading volume was well below the average of 25.78 million, signaling weak demand following a massive fall in ETH price.

As per Yahoo Finance, SBET stock has tumbled 12.53% in a week and 42% in a month. It reduced the year-to-date (YTD) return to 45%. Bernstein analysts initiated an outperform rating on the stock and gave a price target of 24.

XRP price failed to stay above $2.350 and trimmed gains. The price is now consolidating and might struggle to stay above $2.150 in the near term.

XRP price failed to continue higher above $2.420 and corrected lower.
The price is now trading below $2.30 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $2.360 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could continue to move down if it dips below $2.150.

XRP Price Dips Again
XRP price started a recovery wave above $2.25 and $2.30, like Bitcoin and Ethereum. The price even attempted a move above $2.40 but failed to clear $2.42.

A high was formed at $2.414 and the price started a fresh decline. There was a drop below $2.33 and $2.32 levels. The price traded below the 50% Fib retracement level of the upward move from the $2.066 swing low to the $2.414 high.

Besides, there was a break below a bullish trend line with support at $2.360 on the hourly chart of the XRP/USD pair. The price is now trading below $2.30 and the 100-hourly Simple Moving Average.

The bulls are now active near $2.20 and the 61.8% Fib retracement level of the upward move from the $2.066 swing low to the $2.414 high. If there is a fresh upward move, the price might face resistance near the $2.30 level. The first major resistance is near the $2.350 level, above which the price could rise and test $2.420.

Source: XRPUSD on TradingView.com
A clear move above the $2.420 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance. The next major hurdle for the bulls might be near $2.650.

Another Decline?
If XRP fails to clear the $2.30 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.20 level. The next major support is near the $2.150 level.

If there is a downside break and a close below the $2.150 level, the price might continue to decline toward $2.050. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.840.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.20 and $2.150.

Major Resistance Levels – $2.30 and $2.420.

The breakdown unfolded alongside a surge in trading volume that reached 137.4 million, representing an 84% spike above the daily average.Updated Nov 7, 2025, 4:36 a.m. Published Nov 7, 2025, 4:36 a.m.

XRP plunged sharply Wednesday as sellers overran key support zones, triggering widespread liquidation across exchanges while institutional flows drove the heaviest trading activity in over a week.

News BackgroundXRP fell 7.5% over 24 hours, sliding from $2.40 to $2.22 in a broad-based selloff that accelerated after the token breached the $2.28 technical support. The breakdown unfolded alongside a surge in trading volume that reached 137.4 million, representing an 84% spike above the daily average.

STORY CONTINUES BELOW

The selling wave peaked at 15:00 GMT, when cascading stop orders amplified downward pressure, forcing XRP through multiple short-term support levels. The decline spanned an $0.21 range, underscoring heightened volatility as traders unwound leveraged positions.

By late session, trading activity dropped sharply to 7.0 million as selling momentum cooled. The sharp contraction in volume reflected exhaustion among short-term participants following one of the steepest intraday declines this month.

Price Action SummaryPrice briefly stabilized near $2.20 before rebounding modestly to $2.224, forming a series of higher lows through 02:12 GMT as short-term buyers entered at oversold levels. The move reflected tactical accumulation rather than directional conviction, as the broader structure remained bearish.

Despite the bounce, XRP failed to reclaim the $2.28 breakdown level, confirming the shift in market control to sellers. Consolidation around $2.218 dominated the final trading hours, highlighting indecision amid depleted liquidity. The pattern mirrors prior breakdown phases where low-volume stabilization precedes either short-lived recoveries or further declines.

Technical AnalysisXRP’s daily structure now confirms a firm bearish bias following multiple failed retests of the $2.40 resistance zone. The decisive breakdown below $2.28 marked the completion of a descending channel formation visible on 4-hour charts, a pattern typically associated with continuation setups in corrective markets.

Momentum indicators turned sharply negative as RSI retraced from neutral levels into mild oversold territory, while MACD readings crossed into bearish alignment for the first time in two weeks. These signals support the near-term continuation thesis unless XRP reclaims the $2.28-$2.30 pivot range.

Volume analytics strengthen the bearish view, with the 84% surge during the breakdown contrasting sharply with declining participation during the rebound — a classic signature of institutional distribution rather than retail-driven volatility.

What Traders Should KnowTraders are focused on whether $2.20 can hold as interim support amid continued selling pressure. A decisive break below this level would expose $2.10–$2.00, where prior consolidation zones provide limited technical cushioning.

Conversely, recovery efforts require a firm close above $2.28 to neutralize the current downtrend and open a path toward $2.35–$2.40 resistance. Short-term market sentiment remains fragile as derivatives data show rising short exposure and reduced spot demand.

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A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.

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BTC Market Now 'Extremely Bearish,' Says QCP: Asia Morning Briefing

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On-chain metrics shows BTC entering an “extremely bearish” phase, with potential downside to $91K or even $72K if key support fails, though Glassnode sees it as a mid-cycle correction rather than full capitulation.

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Bitcoin's price dropped below a key support level, signaling potential further declines unless it recovers quickly.CryptoQuant reports a bearish market trend, while Glassnode suggests the market is in a mid-cycle correction.Gold prices rose as investors sought safety amid a global equities sell-off, despite strong U.S. jobs data.Read full story

Ark Invest’s continued interest in ETH-focused companies signals growing acceptance of digital assets within corporate treasury management strategies.

Key Takeaways

Ark Invest purchased 240,507 shares in BMNR, a company focusing on an Ethereum treasury strategy.
The purchase was split across multiple Ark Invest ETFs, indicating strong commitment to crypto-related investments.

Ark Invest, an investment firm focusing on disruptive technologies, acquired 240,507 shares in Bitmine Immersion (BMNR), a publicly traded company advancing an Ethereum treasury strategy led by Thomas “Tom” Lee.

The purchase was distributed across multiple Ark Invest ETFs, signaling an ongoing commitment to crypto treasury plays. BMNR has positioned itself as an Ethereum-focused treasury company under the guidance of Lee, a market strategist associated with the firm.

Ark Invest has repeatedly acquired BMNR shares this year, reflecting confidence in Ethereum’s role in corporate treasuries. The investment firm has been actively expanding its crypto-related holdings as part of its focus on disruptive technologies.

The acquisition comes as corporate treasury strategies increasingly incorporate ETH, the native cryptocurrency of the Ethereum blockchain, which is being targeted for corporate treasury adoption.

Disclaimer

Crypto prices today eased again with traders stepping back rather than chasing market dips.

Summary

Crypto prices today fell as traders reduced risk, with sentiment sliding back into extreme fear.
Macro pressure from higher U.S. yields and ongoing tariff uncertainty kept investors cautious.
On-chain data shows selling pressure remains, but a true capitulation bottom has not yet formed.

The total market cap is down about 2% to $3.4 trillion. Bitcoin is trading around $101,832, down 1.9% over the past day. Ethereum has slipped 3% to $3,337. XRP is lower by 5.5% at $2.20, while BNB is holding relatively steady at $964, down 0.3%.

The Crypto Fear & Greed Index has fallen 3 points from yesterday to 24, returning to the “extreme fear” range. That shift reflects a market that has yet to regain confidence after October’s leveraged shakeout. 

Coinglass data shows $587 million in liquidations over the past 24 hours, an 83% rise, while open interest dipped 0.43% to $143 billion, pointing to quieter positioning across futures markets.

Macro pressure and tariff anxiety set the tone
Much of the hesitation comes from macro conditions. The Federal Reserve has adopted a slower approach to interest rate cuts, helping lift Treasury yields and strengthen the dollar. When yields rise, investors often move toward bonds and away from high-risk assets. Stocks faced similar pressure yesterday, with the Nasdaq sliding more than 1%.

The hesitant tone is also a continuation of October’s leverage flush, when Bitcoin dropped from $122,500 to $104,600, clearing out a large portion of speculative positions. With liquidity still thin, even small sell orders can pull prices lower

Meanwhile, ongoing tariff uncertainty between the U.S. and China has kept global risk appetite weak. Investors are unsure whether additional trade measures will be announced, and this has made markets defensive across equities, commodities, and digital assets.

What on-chain trends indicate now
On-chain data from CryptoQuant suggests that selling pressure remains present, but a final capitulation phase has not yet been reached. Bitcoin reserves on Binance have continued to rise, meaning more coins are being moved onto the exchange side. In most market phases, this behavior reflects an intent to sell rather than accumulate. 

A related measure, the Coinbase Premium Index, remains negative. When this index sits below neutral levels, it implies that U.S. spot buyers, including large funds and institutions, are not stepping in at current prices. In previous recovery phases, these buyers were often the first to return. Their absence here suggests weak demand in the near term.

At the same time, there is no clear sign yet of short-term holders capitulating. In earlier cycle lows, this group tended to sell heavily at a loss before a durable bottom formed. That signal has not appeared, which suggests the market may need more time before stronger recovery conditions develop.

On-chain analytics firm Glassnode has revealed how Bitcoin could be at risk of a further drawdown after trading at a significant discount to a key cost basis level.

Bitcoin Could Retest Active Realized Price Next
In its latest weekly report, Glassnode has talked about how Bitcoin has dropped a notable distance below the short-term holder (STH) Realized Price. The “Realized Price” here refers to an on-chain metric that tracks the cost basis of the average investor or address on the BTC network.

To any investor, their break-even mark tends to be a level of particular importance, as retests of it can potentially flip their profit-loss situation. Due to this, Realized Price levels have often shown interactions with the asset’s price, as investors make moves to either exit with their money back or buy more to defend their cost basis.

A group that’s considered particularly sensitive to short-term volatility is the STH cohort, made up of the investors who purchased their coins within the past 155 days.

The Realized Price of the STHs generally provides support during bullish trends, but with the recent market crash, Bitcoin has plummeted under it.

The trend in the various Realized Price levels over the last few years | Source: Glassnode’s The Week Onchain – Week 44, 2025
As displayed in the above chart, Bitcoin at its post-crash levels is trading significantly below the STH Realized Price located at $112,500. This means that members of the cohort are now notably underwater.

“Historically, discounts with such depth from this level have increased the likelihood of further downside toward lower structural supports,” explained Glassnode. One such support is the Active Realized Price, corresponding to the cost basis of the “economically active” part of the BTC supply.

A chunk of the cryptocurrency’s supply has been dormant for so long that it can safely be presumed lost. In other words, these tokens will never make their way back into circulation. Such coins have no effect on the market today, so the Active Realized Price excludes them from the data, labeling them “economically inactive.”

The report noted that this level “has often served as a critical reference point during extended corrective phases in prior cycles.” At present, the indicator is sitting near $88,500.

The Bitcoin STH Realized Price isn’t the only level that the asset has lost recently. As on-chain analytics firm CryptoQuant has pointed out in an X post, the asset has also declined below the 365-day moving average (MA).

BTC appears to have dipped under its 365-day MA | Source: CryptoQuant on X
CryptoQuant has described the line as “a key technical and psychological support level last broken at the start of the 2022 bear market.” Considering that Bitcoin has lost the STH Realized Price, and now, this level as well, it remains to be seen whether the asset will end up retesting the Active Realized Price and other lower support levels.

BTC Price
At the time of writing, Bitcoin is floating around $103,300, down over 6% in the last seven days.

The asset’s price seems to have recovered a bit since the low | Source: BTCUSDT on TradingView
Featured image from Dall-E, Glassnode, CryptoQuant.com, chart from TradingView.com

Solana started a fresh decline below the $165 pivot zone. SOL price is now attempting to recover and faces hurdles near the $165 zone.

SOL price started a fresh decline below $162 and $160 against the US Dollar.
The price is now trading below $162 and the 100-hourly simple moving average.
There is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could continue to move up if it clears $160 and $162.

Solana Price Faces Hurdles
Solana price extended losses below $150 before the bulls appeared, like Bitcoin and Ethereum. SOL tested the $145 zone and recently started a recovery wave.

There was a move above the $150 and $155 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. However, the bears remained active near the $162-$165 resistance zone.

Besides, there is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair. Solana is now trading below $162 and the 100-hourly simple moving average.

On the upside, immediate resistance is near the $160 level and the trend line. The next major resistance is near the $162 level. The main resistance could be $165. A successful close above the $165 resistance zone could set the pace for another steady increase.

Source: SOLUSD on TradingView.com
The next key resistance is $172 and the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low. Any more gains might send the price toward the $180 level.

Another Decline In SOL?
If SOL fails to rise above the $160 resistance, it could continue to move down. Initial support on the downside is near the $150 zone. The first major support is near the $145 level.

A break below the $145 level might send the price toward the $138 support zone. If there is a close below the $138 support, the price could decline toward the $130 zone in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $150 and $145.

Major Resistance Levels – $160 and $165.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RSSX, BTC-USD 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.

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.

For the quarter ended September 2025, Mueller Water Products (MWA - Free Report) reported revenue of $380.8 million, up 9.4% over the same period last year. EPS came in at $0.38, compared to $0.22 in the year-ago quarter.

The reported revenue represents a surprise of +5.18% over the Zacks Consensus Estimate of $362.05 million. With the consensus EPS estimate being $0.34, the EPS surprise was +11.76%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Mueller Water Products performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Water Management Solutions: $163.3 million compared to the $157.5 million average estimate based on two analysts. The reported number represents a change of +10.4% year over year.Net Sales- Water Flow Solutions: $217.5 million versus $204.5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.6% change.Adjusted operating income (loss)- Corporate: $-16 million versus $-15 million estimated by two analysts on average.Adjusted operating income (loss)- Water Management Solutions: $39.8 million versus the two-analyst average estimate of $34 million.Adjusted operating income (loss)- Water Flow Solutions: $55.1 million compared to the $53.5 million average estimate based on two analysts.View all Key Company Metrics for Mueller Water Products here>>>

Shares of Mueller Water Products have returned +1.2% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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.

Q3: 2025-11-06 Earnings SummaryEPS of $2.21 misses by $0.10

 |

Revenue of

$4.10B

(9.73% Y/Y)

beats by $15.64M

Airbnb, Inc. (ABNB) Q3 2025 Earnings Call November 6, 2025 5:00 PM EST

Company Participants

Angela Yang - Director of Investor Relations
Brian Chesky - Co-Founder, CEO, Head of Community & Chairman of the Board
Ellie Mertz - Chief Financial Officer

Conference Call Participants

Richard Clarke - Sanford C. Bernstein & Co., LLC., Research Division
Eric Sheridan - Goldman Sachs Group, Inc., Research Division
Justin Post - BofA Securities, Research Division
Jed Kelly - Oppenheimer & Co. Inc., Research Division
Lloyd Walmsley
Kevin Kopelman - TD Cowen, Research Division
Ronald Josey - Citigroup Inc., Research Division
Trevor Young - Barclays Bank PLC, Research Division
Lee Horowitz - Deutsche Bank AG, Research Division
Douglas Anmuth - JPMorgan Chase & Co, Research Division
Brian Nowak - Morgan Stanley, Research Division
Kenneth Gawrelski - Wells Fargo Securities, LLC, Research Division
Colin Sebastian - Robert W. Baird & Co. Incorporated, Research Division

Presentation

Operator

Good afternoon, and thank you for joining Airbnb's earnings conference call for the third quarter of 2025. As a reminder, this conference call is being recorded and will be available for replay from the Investor Relations section of Airbnb's website following this call. I will now hand the call over to Angela Yang, Director of Investor Relations. Please go ahead.

Angela Yang
Director of Investor Relations

Good afternoon, and welcome to Airbnb's Third Quarter of 2025 Earnings Call. Thank you for joining us today. On the call today, we have Airbnb's Co-Founder and CEO, Brian Chesky and our Chief Financial Officer, Eli Mertz. Earlier today, we issued a shareholder letter with our financial results and commentary for our third quarter of 2025.

These items were also posted on the Investor Relations section of Airbnb's website. During the call, we'll make brief opening remarks and then spend the remainder of time on Q&A. Before I turn it over to Brian, I would like to remind everyone that

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AMN Healthcare Services, Inc. (AMN) Q3 2025 Earnings Call November 6, 2025 5:00 PM EST

Company Participants

Randle Reece - Senior Director of Investor Relations & Strategy
Caroline Grace - President, CEO & Director
Brian Scott - CFO & COO

Conference Call Participants

Trevor Romeo - William Blair & Company L.L.C., Research Division
Kevin Fischbeck - BofA Securities, Research Division
Tobey Sommer - Truist Securities, Inc., Research Division
Albert Rice - UBS Investment Bank, Research Division
Mark Marcon - Robert W. Baird & Co. Incorporated, Research Division
Constantine Davides - Citizens JMP Securities, LLC, Research Division
Jack Slevin - Jefferies LLC, Research Division
Jeffrey Silber - BMO Capital Markets Equity Research

Presentation

Operator

Good day, and thank you for standing by. Welcome to the AMN Healthcare's Third Quarter 2025 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Randy Reece, Vice President, Investor Relations. Please go ahead.

Randle Reece
Senior Director of Investor Relations & Strategy

Good afternoon, everyone. Welcome to AMN Healthcare's Third Quarter 2025 Earnings Call. A replay of this webcast will be available at ir.amnhealthcare.com at the conclusion of this call.

Remarks we make during this call about future expectations, projections, trends, plans, events or circumstances constitute forward-looking statements. These statements reflect the company's current beliefs based upon information currently available to it. Our actual results may differ materially from those indicated by these forward-looking statements because of various factors and cautionary statements, including those identified in our most recently filed Forms 10-K and 10-Q, our earnings release and subsequent filings with the SEC. The company does not intend to update guidance or any forward-looking statements provided today prior to its next earnings release.

This call contains certain non-GAAP financial information. Information regarding and reconciliations of these non-GAAP

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Tesla CEO Elon Musk says the company will likely need to build a "gigantic" semiconductor fabrication plant to keep up with its artificial intelligence and robotics ambitions.

"One of the things I'm trying to figure out is — how do we make enough chips?" Musk said at Tesla's annual shareholders meeting Thursday.

Tesla currently relies on contract chipmakers Taiwan Semiconductor Manufacturing Company and Samsung Electronics to produce its chip designs and Musk said he was also considering working with Intel. 

"But even when we extrapolate the best-case scenario for chip production from our suppliers, it's still not enough," he said.

Tesla would probably need to build a "gigantic"  chip fab, which Musk described as a "Tesla terra fab." "I can't see any other way to get to the volume of chips that we're looking for." 

Microchips are the brains powering almost all modern technologies, from smartphones and cars to robotics. Demand has surged amid the AI boom. 

Tech giants, including Tesla, have been clamoring for more supply from chipmakers like TSMC — the world's largest and most advanced chipmaker. 

According to Musk, Tesla's potential fab's initial capacity could reach 100,000 wafer starts per month and eventually scale up to 1 million. In the semiconductor industry, wafer starts per month is a measure of how many new chips a fab produces each month.

For comparison, TSMC says its annual wafer production capacity reached 17 million in 2024, or around 1.42 million wafer starts per month.

Musk's statements underscore Tesla's shift into AI and robotics — industries the CEO sees as the future of the global economy. 

"With AI and robotics, you can actually increase the global economy by a factor of 10, or maybe 100. There's not, like, an obvious limit," Musk said at the shareholder meeting. 

10x Genomics, Inc. (TXG) Q3 2025 Earnings Call November 6, 2025 4:30 PM EST

Company Participants

Cassie Corneau - Manager of Investor Relations & Strategic Finance
Serge Saxonov - Co-Founder, CEO & Director
Adam Taich - CFO, Treasurer, Principal Financial Officer & Principal Accounting Officer

Conference Call Participants

Madeline Mollman
Puneet Souda - Leerink Partners LLC, Research Division
Daniel Arias - Stifel, Nicolaus & Company, Incorporated, Research Division
Kyle Mikson - Canaccord Genuity Corp., Research Division
David Westenberg - Piper Sandler & Co., Research Division
Kyle Boucher - TD Cowen, Research Division
Lu Li - UBS Investment Bank, Research Division
Michael Ryskin - BofA Securities, Research Division
Justin Bowers - Deutsche Bank AG, Research Division
Jaden Rismay - JPMorgan Chase & Co, Research Division
Thomas VonDerVellen - Guggenheim Securities, LLC, Research Division
Benjamin Mee - Stephens Inc., Research Division

Presentation

Operator

Thank you for standing by. Welcome to the 10X Genomics' Third Quarter 2025 Earnings Conference Call. [Operator Instructions]

I would now like to turn the conference over to Cassie Corneau, Senior Director, Investor Relations and Strategic Finance. You may begin.

Cassie Corneau
Manager of Investor Relations & Strategic Finance

Thank you. And good afternoon, everyone.

Earlier today, 10X Genomics released financial results for the third quarter ended September 30, 2025. If you have not received this news release or would like to be added to the Company's distribution list, please send an e-mail to [email protected]. An archived webcast of this call will be available on the Investor tab of the Company's website, 10xgenomics.com, for at least 45 days following this call.

Before we begin, I'd like to remind you that management will make statements during this call that are forward-looking statements within the meaning of federal securities laws. These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated, and you should not place

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Astrana Health, Inc. (ASTH) Q3 2025 Earnings Call November 6, 2025 5:30 PM EST

Company Participants

Brandon Sim - President & CEO
Chan Basho - CFO, COO & Corporate Secretary

Conference Call Participants

Jailendra Singh - Truist Securities, Inc., Research Division
Matthew Mardula - William Blair & Company L.L.C., Research Division
Meghan Holtz - Jefferies LLC, Research Division
Michael Ha
Ryan Langston - TD Cowen, Research Division
Thomas Walsh
David Larsen - BTIG, LLC, Research Division
Craig Jones - BofA Securities, Research Division
Zachary Haggerty
Eugene Mannheimer - Prime Executions, Inc., Research Division

Presentation

Operator

Good day, everyone, and welcome to Astrana Health Third Quarter 2025 Earnings Call. [Operator Instructions]

Today's speakers will be Brandon Sim, President and Chief Executive Officer of Astrana Health; and Chan Basho, Chief Operating and Financial Officer. This press release announcing Astrana Health's results for the third quarter ended September 30, 2025, is available at the Investors section of the company's website at www.astranahealth.com.

The company will discuss certain non-GAAP measures during this call. Reconciliations to the most comparable GAAP measures are included in the press release. To provide some additional background on its results, the company has made a supplemental deck available on its website. A replay of this broadcast will also be available at Astrana Health's website after the conclusion of this call.

Before we get started, I would like to remind everyone that this conference call and any accompanying information discussed herein contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as anticipate, believe, expect, future, plan, outlook and will and conclude, among other things, statements regarding the company's guidance, continued growth, acquisition strategy, ability to deliver sustainable long-term value, ability to respond to the changing environment, liquidity, operational focus, strategic growth plans and acquisition integration efforts.

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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.

Full House Resorts, Inc. (FLL) Q3 2025 Earnings Call November 6, 2025 2:00 PM EST

Company Participants

Adam Campbell
Lewis Fanger - President, CFO, Treasurer & Director
Daniel Lee - Chief Executive Officer & Director

Conference Call Participants

David Bain
Jordan Bender - Citizens JMP Securities, LLC, Research Division
Ryan Sigdahl - Craig-Hallum Capital Group LLC, Research Division
Chad Beynon - Macquarie Research
Colin Mansfield - CBRE Securities, LLC, Research Division
John DeCree - CBRE Securities, LLC, Research Division
Luis Chinchilla - Deutsche Bank AG, Research Division

Presentation

Operator

Greetings. Welcome to Full House Resorts Third Quarter 2025 Earnings Call. Please note this conference is being recorded. I will now turn the conference over to Adam Campbell, Corporate Controller. Thank you. You may begin.

Adam Campbell

Thank you. Good afternoon, everyone. Welcome to our third quarter earnings call. As always, before we begin, we remind you that today's conference call may contain forward-looking statements that we're making under the safe harbor provision of federal security laws. I would also like to remind you that the company's actual results could differ materially from the anticipated results in these forward-looking statements. Please see today's press release under the caption Forward-Looking Statements for the discussion of risks that may affect our results.

Also, we may make reference to non-GAAP measures such as adjusted EBITDA. For a reconciliation of these measures, please see our website as well as the various press releases that we issue. Lastly, we are also broadcasting this conference call at fullhouseresorts.com, where you can find today's earnings release as well as all of our SEC filings.

That said, we're ready to go, Lewis.

Lewis Fanger
President, CFO, Treasurer & Director

Thank you, Adam. We had a very strong quarter. Revenues rose to $78 million from $75.7 million in last year's third quarter. Keep in mind that last year's financials include $1.5 million

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Eton Pharmaceuticals, Inc. (ETON) Q3 2025 Earnings Call November 6, 2025 4:30 PM EST

Company Participants

David Krempa - Chief Business Officer
Sean Brynjelsen - President, CEO & Director
James Gruber - CFO, Treasurer & Secretary

Conference Call Participants

Chase Knickerbocker - Craig-Hallum Capital Group LLC, Research Division
Madison Wynne El-Saadi - B. Riley Securities, Inc., Research Division
Swayampakula Ramakanth - H.C. Wainwright & Co, LLC, Research Division

Presentation

Operator

Good afternoon, and welcome to the Eton Pharmaceuticals Third Quarter 2025 Financial Results Conference Call. [Operator Instructions] Please be advised that this call is being recorded at the company's request.

At this time, I'd like to turn it over to David Krempa, Chief Business Officer at Eton Pharmaceuticals. Please proceed.

David Krempa
Chief Business Officer

Thank you, operator. Good afternoon, everyone, and welcome to Eton's Third Quarter 2025 Conference Call. This afternoon, we issued a press release that outlines the topics we plan to discuss on today's call. The release is available on our website, etonpharma.com. Joining me on our call today, we have Sean Brynjelsen, our CEO; James Gruber, our CFO; and Ipek Trinkaus, our Chief Commercial Officer. In addition to taking live questions on today's call, we will be answering questions that are e-mailed to us. Investors can send their questions to [email protected].

Before we begin, I would like to remind everyone that remarks made during the call may contain forward-looking statements and involve risks and uncertainties that could cause actual results to differ materially from those contained in these forward-looking statements. Please see the forward-looking statements disclaimer in our earnings release and the risk factors in the company's filings with the SEC.

Now I will turn the call over to our CEO, Sean Brynjelsen.

Sean Brynjelsen
President, CEO & Director

Thank you, David. Good afternoon, everyone, and thank you for joining us today. I'm

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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.