Market Signal Briefing

DAVENPORT, Iowa, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) today announced Chief Financial Officer, Tim Millage, will depart the company early next year to answer a calling outside of corporate life. After nearly a decade of leading financial organizations in public companies, he will become an Executive Pastor at Coram Deo Bible Church in Davenport, Iowa.

“Serving Lee has been one of the greatest privileges of my professional life. I’m leaving to put my full time and full heart into serving the church,” said Millage. “I have tremendous respect for Kevin and the leadership team, and I have full confidence in the company’s direction and its bright future. The execution of the Three Pillar Digital Growth Strategy has already shown remarkable success and is transforming the composition of revenue, growing digital margins, and positioning the company for sustainable long-term value creation. I leave knowing the foundation is strong and the best is yet to come.”

Kevin Mowbray, Lee’s President and Chief Executive Officer, said, “We are deeply grateful to Tim for his leadership, integrity, and dedication. His financial acumen and stewardship have been instrumental in advancing the company. While we will miss him as a valued team member, we fully support his decision to follow his calling and wish him every success in this new chapter.”

The company has initiated a search for a new Chief Financial Officer. Millage’s resignation will become effective February 28, 2026, and he has agreed to provide consulting services to the Company through May 31, 2026.

ABOUT LEE

Lee Enterprises is a major subscription and advertising platform and a leading provider of local news and information with daily newspapers, rapidly growing digital products and nearly 350 weekly and specialty publications serving 72 markets in 25 states. Our core commitment is to provide valuable, intensely local news and information to the communities we serve. Our markets include St. Louis, MO; Buffalo, NY; Omaha, NE; Richmond, VA; Lincoln, NE; Madison, WI; Davenport, IA; and Tucson, AZ. Lee Common Stock is traded on the NASDAQ under the symbol LEE. For more information about Lee, please visit www.lee.net.

Contact:
[email protected]
(563) 383-2100

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Telix Pharmaceuticals Ltd. (NASDAQ: TLX) between February 21, 2025 and August 28, 2025, both dates inclusive (the "Class Period"), of the important January 9, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

So what: If you purchased Telix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Telix class action, go to https://rosenlegal.com/submit-form/?case_id=43778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 9, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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.

Details of the case: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants materially overstated the progress Telix had made with regard to prostate cancer therapeutic candidates; (2) defendants materially overstated the quality of Telix's supply chain and partners; and (3) as a result, defendants' statements about Telix's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Telix class action, go to https://rosenlegal.com/submit-form/?case_id=43778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or 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.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 0016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

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Grayscale has received approval from the New York Stock Exchange to launch new Dogecoin and XRP ETFs and both of them will commence trading on 24 November. A regulatory letter that was given to the Securities and Exchange Commission confirmed this approval.

Balchunas Affirms The Launch Day For Grayscale’s DOGE And XRP ETFs
The letter was published as an update on X by Bloomberg ETF analyst Eric Balchunas. It is the first time spot ETFs of Dogecoin and XRP will be listed on a major exchange in the United States.

Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think pic.twitter.com/c6nKUeDrtI

— Eric Balchunas (@EricBalchunas) November 21, 2025

The approval will allow Grayscale to make shares of Dogecoin ETF available to investors through its regulated trust platform. Thus, conventional investors can benefit from the token’s price performance without holding it directly.

According to Balchunas, the spot XRP ETF by the firm will also be launched on the same day. The introduction of the XRP ETF was a historic event for Bitwise, reflecting an increased popularity of XRP-linked funds.

His announcement further shows that the two products are cleared for trading at the first trading session of the NYSE on Monday. The analyst further indicated that the LINK ETF of Grayscale could launch a week after.

Derivatives Are Booming in Activity
The expected launch follows the momentum from other issuers. For instance, Canary removed the SEC delay clause before its XRP ETF listing.

Meanwhile, the synchronized timing makes the November 24 session a critical date for the crypto ETF market. Two major altcoin ETFs will become available in the U.S. market at the same time for the first time.

The listing is expected to draw strong interest because Dogecoin and XRP have large communities and high trading activity. Prior to the launch, the derivatives markets of both altcoins are displaying healthy activity.

These moves are part of the wider growth for the company. Recently, Grayscale filed for an IPO in the U.S., which reflects its long-term growth strategy.

According to CoinGlass data, the volume of Dogecoin derivatives has increased more than 30% to hit $7.22 billion. TradingView chart indicate a decline in Dogecoin price at the beginning of the session followed by stability. The price fell near $0.134 before rebounding into the $0.14 zone.

The chart highlights Dogecoin’s sharp price changes ahead of the Grayscale ETF launch
Similarly, the Coinglass data for XRP shows a 51% jump in derivatives volume and has reached $12.74 billion. TradingView data shows XRP sliding sharply during early trading hours before bouncing near $1.85. The recovery pushed prices back toward $1.96.

On today's episode of CNBC's Crypto World, bitcoin drops as low as $80,000 as the selling pressure on the crypto market continues. Plus, Michael Saylor of Strategy discusses the company's recent bitcoin buy in an exclusive interview at Clear Street Disruptive Technology Conference.

While XRP continues to experience a market downturn, some investors remain confident that the digital asset will eventually recover and reach dramatic price levels. Targets such as $50 or even $100 have grown increasingly popular across social communities.

Real estate firm Cardone Capital added 185 Bitcoin to its portfolio for 15.3 million as the crypto market has been falling sharply since the start of November.

Key Takeaways

Cardone Capital purchased 185 Bitcoin for $15.3 million.
The buy is part of the firm's broader push to diversify its investments beyond real estate.

Cardone Capital, a real estate investment firm, acquired 185 Bitcoin for $15.3 million today. The purchase represents the company’s continued expansion into crypto assets as part of its treasury and investment strategy.

The firm has been actively acquiring Bitcoin to support hybrid projects that blend real estate with digital assets. Cardone Capital focuses on multifamily properties and began incorporating Bitcoin into its portfolio to diversify beyond traditional real estate investments.

The acquisition comes as the crypto market experiences a major downturn that pushed Bitcoin to $80K earlier today before a partial rebound to $84K at press time.

Disclaimer

In brief
Bitcoin falls deeper into a death cross, a technical pattern that usually signals a bear market trend.
XRP has likewise formed a death cross pattern on its chart, and Ethereum is close to doing the same.
With the crypto market tumbling, signs point to further downside to come.
Bitcoin bags are getting blown out today, as the price of BTC falls to nearly $80,000 and marks a new seven-month low.

The continued downward pressure on its price has pushed Bitcoin into a so-called death cross—when the average price of an asset over the short term falls below the average price over the long term. It’s a technical pattern that typically signals extended bearish momentum. For traders who study charts, it confirms what permabulls don’t want to hear: It’s over—at least for now.

It’s happening as the crypto market as a whole shrinks to $2.91 trillion, shedding nearly $60 billion in the past 24 hours alone. Almost every single coin in the top 100 by market cap is bleeding red.

The Fear and Greed Index, which measures market sentiment on a scale from 0 to 100, has cratered to 14 points—just four points above the year's low of 10 back in February. When this index drops below 20, it signals "extreme fear," and right now, traders are absolutely terrified.

But it's not just crypto drama driving the market selloff. The macro picture is turning nasty. Just weeks ago, markets were pricing in a 97% chance the Federal Reserve would cut interest rates in December. Now? Those odds have collapsed to somewhere between 22% and 43%, depending on which metric you check.

Fed officials are openly divided, with many signaling they'd prefer to keep rates unchanged through year-end. For risk assets like crypto that thrive on easy money, this is poison.

On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders are now overwhelmingly convinced that Bitcoin will not mark a new all-time high this year, placing odds at almost 90% that BTC will not top the $126K mark that it hit on October 6.

The bearish vibes are so strong, Myriad traders also currently place 40% odds that Bitcoin falls as low as $69K. So how low will it go? Here’s what the charts say.

Bitcoin (BTC) price: Death cross in place, and bears in controlBitcoin opened today at $86,691 and immediately sold off, hitting an intraday low of $80,620 before bouncing slightly to its current price at $85,187. That's a 1.61% drop on the day after being almost 5% down over the last 24 hours. More importantly, for traders, it further confirms the death cross pattern that's been progressively forming since its all-time high in early October. The death cross pattern was first confirmed on Wednesday as Bitcoin slid to around $88,000—now it’s fallen deeper.

Bitcoin (BTC) price data. Image: TradingviewHere's what's happening on the charts: Exponential Moving Averages, or EMAs, help traders identify trend direction by tracking the average price of an asset over the short, medium, and long term. When the short-term 50-day EMA falls below the longer-term 200-day EMA, it means bears are in control and the longer-term bull market structure has been broken.

For Bitcoin, the 50-day EMA has now decisively crossed below the 200-day EMA. In short, this tells traders market momentum has shifted from bullish to bearish. The gap between both EMAs increases the more the price of BTC trades below those targets—and the bigger the gap, the stronger the trend.

The price of Bitcoin is now trading well below both EMAs, which creates a situation where each bounce attempt faces immediate resistance, increasing the gap between the two EMAs, making the bearish trend even stronger. Bulls trying to push higher will need to first reclaim the 50-day EMA, then tackle the 200-day—a double wall of resistance that's historically tough to crack in one go.

As for other technical indicators, the Average Directional Index, or ADX, sits at 41, which is considered "strong." ADX measures trend strength regardless of direction, with readings above 25 indicating a clear trend is in place. At 41, this tells us we’re not seeing just a minor correction, but a potentially extended move lower.

The Relative Strength Index, or RSI, has plunged to 23.18, placing Bitcoin deep in oversold territory. RSI measures momentum on a scale from 0 to 100, with readings below 30 signaling oversold conditions where assets are potentially undervalued. However, "oversold" doesn't mean the selling has to stop—in strong downtrends, RSI can remain in oversold territory for extended periods as prices continue grinding lower. But, yes, this also provides hopium for momentum traders as it signals that the worst of it may be over. (The worst being an accelerated crash, not necessarily a steady drop.)

The Squeeze Momentum Indicator is flashing "bearish impulse," meaning selling pressure is intensifying rather than easing. Meanwhile, the Volume Profile Visible Range (VPVP) shows the price of Bitcoin trading "below" key volume nodes, suggesting there's not much buying interest at current levels.

So, everything is bearish, clearly. But where's the next support? How low can the price of BTC go? The chart reveals several key horizontal levels to watch.

The immediate danger zone is $80,697, which briefly held today but looked shaky. If that breaks, the next major support sits at $74,555, followed by $65,727, and potentially all the way down to $53,059 if panic really sets in during a crypto winter. Those price levels have previous consolidation zones where significant trading volume accumulated, making them natural landing spots for oversold bounces.

For resistances, traders will watch for BTC’s price breaking past $90,000 again and look at $100,000 as the major psychological target.

Ethereum (ETH) price: Hanging by a threadEthereum opened at $2,830.7 and dropped as low as $2,621 intraday before stabilizing around $2,798—a 1.16% loss on the day. While not as dramatic as Bitcoin's selloff, ETH's technical picture is equally concerning.

Ethereum (ETH) price data. Image: TradingviewUnlike Bitcoin, Ethereum hasn't fully confirmed its death cross yet—the 50-day EMA is still technically above the 200-day, giving it a "long" signal on an indicator that is obviously hours away from changing to bearish. The gap is razor-thin and closing fast. More importantly, ETH’s price is trading well below both EMAs, rendering that technical distinction somewhat meaningless. The bearish momentum is clearly established.

A good way to see the natural support zones is using the Fibonacci retracements: a set of natural clusters that appear during a trend, showing supports and resistances in a specific timeframe—not because of price, but because of natural proportions.

Right now, ETH is testing the 0.618 Fibonacci level at approximately $2,755. If this level breaks, the next Fibonacci support doesn't appear until $2,180, which would represent a massive 22% drop from current prices, and would resolve a price market on Myriad betting on ETH’s moon or doom.

The ADX for Ethereum is even stronger than Bitcoin's at 46, indicating the downtrend is rock-solid. Meanwhile, RSI sits at 28.46—not quite as oversold as Bitcoin but definitely in stressed territory. The Squeeze Momentum Indicator shows "bearish impulse" here too, confirming sellers are in control.

XRP price: Another death cross in placeXRP is showing relative strength compared to its larger peers, down just 0.50% to close at $1.98 after opening at $1.99 and hitting an intraday low of $1.81796. Don't let that modest percentage fool you though—the technical damage is real.

XRP price data. Image: TradingviewLike Bitcoin, the Ripple-linked XRP has confirmed a full death cross with its 50-day EMA now below the 200-day. The price of XRP is trading beneath both EMAs, and with an ADX of 32, the downtrend has enough strength to continue. While 32 isn't as extreme as Bitcoin's 41 or Ethereum's 46, it's still well above the 25 threshold that confirms a trend is in place rather than just random chop.

The RSI at 32.86 shows XRP is approaching oversold territory but hasn't quite reached the extreme stress levels of Bitcoin and Ethereum. This could mean two things: either XRP has more downside before finding equilibrium, or it's showing genuine relative strength that could make it a safer harbor if the broader market continues tanking.

XRP had such a crazy year that its price action shows only two major horizontal support levels that should concern XRP holders—and that would be very painful for hodlers, considering the movement from the all-time high to those targets.

The next major support zone sits at $1.589, which represents a potential 20% drop from current levels. If that breaks, there's very little support until $0.66, a catastrophic 67% plunge from current prices and almost 80% from all-time high zone that would take XRP back to early 2024 levels.

The Squeeze Momentum Indicator is showing "bearish impulse," and like the other coins, the volume profile indicates XRP’s price is trading below key volume levels, meaning there's not much buying interest stepping in to defend current prices.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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The latest Bitcoin (BTC) price crash has brought renewed focus to alarming forecasts, including one from pseudonymous crypto market expert Symbiote. After exiting his BTC positions at $102,000, the analyst is now predicting a potential crash to $40,000. His bearish outlook comes as the leading cryptocurrency continues to weaken, recently falling below $85,000. 

A $40,000 Bitcoin Crash And A Massive Altcoin Season
After making headlines for selling his BTC at $102,000 in December 2024, Symbiote is now projecting a sharp market downturn, with Bitcoin potentially retracing to $40,000. Currently, the cryptocurrency is trading above $82,000, meaning a decline to this bearish level would eliminate more than 50% of its value. 

Symbiote predicts that the next significant buying opportunity could emerge near $40,000, highlighting a disciplined strategy of profit-taking over chasing the market top. He emphasized that selling his BTC at $102,000 may have seemed early to some, considering its price reached an ATH above $126,000 in October this year. However, exiting at that level allowed him to avoid risking a large portion of gains for an extra 20% profit—a mistake that often traps new investors. 

Source: Chart from Symbiote on X
According to the analyst, new traders tend to enter the market with rigid targets, expecting Bitcoin or Ethereum to sell at extreme highs. This strategy often results in losses, as the market rarely follows perfectly predictable patterns. Rather than waiting for the top, Symbiote advises traders to take profits as prices gradually rise, helping them secure gains while reducing exposure to sudden downturns. 

Looking forward, the analyst expects two major trends to define the crypto market in the near term. Firstly, Bitcoin’s potential crash to $40,000, which the analyst initially forecasted in 2024. Secondly, Symbiote predicts the biggest altcoin season could trigger widespread rallies even as Bitcoin faces significant downward pressure. 

BTC Remains Under Pressure As Support Breaks
Bitcoin has broken its previous support level around $85,000 and is now trading more than 34% below its all-time high of over $126,000. Crypto analyst Ted Pillows highlights that over the past few weeks, Bitcoin has pierced major support zones with little consolidation, exposing deeper pockets of liquidity between $81,000 and $88,000.

He has identified $81,000 as the next critical support, warning that Bitcoin must reclaim $88,000 soon to prevent a continuation of its downtrend toward April lows. His chart outlines potential recovery paths from each red support band and shows the downside risk if the price fails to bounce. 

The lowest support band lies between $78,400 and $79,800, suggesting a potential correction area if the price continues to fall. On the bright side, if Bitcoin can recover and breach $98,000, the next upside target is around $101,972.

BTC trading at $82,191 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pngtree, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Journalist

Posted: November 22, 2025

Key Takeaways
What are Uniswap’s biggest whales up to right now?
A dormant UNI whale returned after 4.5 years and sold 512k UNI, realizing a $11.65 million loss. 

What about UNI’s price action?
After getting rejected at $10.2, UNI has faced intense bearish pressure, hitting a low of $6.4. 

After Uniswap’s Unification proposal 10 days ago, UNI skyrocketed on the charts, hitting a high of $10.2 as buyers piled in to accumulate the altcoin. Shortly after though, market participants, both whales and retail, began profit-taking, triggering a downward spiral. 

In fact, Uniswap has traded within a downtrend over this period, hitting a low of $6.4. At the time of writing, Uniswap [UNI] was trading at $6.5, down 9.14% on the daily charts. 

On the back of this downtrend, investors, especially whales, have significantly increased their spending too. 

Uniswap whales are capitulating!
Uniswap has seen heightened whale activity after they stepped into the market to buy after the “UNIification proposal.” For example – Spot Average data from CryptoQuant revealed sustained big whale orders on the spot market. 

When the spot records whale orders, it alludes to greater participation from these large players. Either on the buy or sell side. 

Source: CryptoQuant

When examining these whale activities, AMBCrypto determined that whales stepped to buy on 10 and 11 November. However, after the market peaked, their sentiment and market behavior shifted entirely, leading them to sell. 

For example, on 11 November, a whale dumped 1.71 million tokens worth $15 million, accumulated between February and October. After the sale, this whale recorded $1.4 million in losses even after months of holding, according to Lookonchain. 

The whale’s decision to sell at a loss is a sign of fear of more losses after the “UNIfication” pump – A clear bearish signal. 

A dormant whale realizes $11.65 million loss
In another surprising move, a dormant whale woke up after 4.5 years and dumped his entire holdings. 

According to Lookonchain, a Uniswap diamond hand holder had kept 512k UNI since 2021. The whale accumulated UNI at its peak, when the altcoin was trading at $29.8, with these tokens worth $15.29 million back then. 

After 4.5 years and with UNI trading below $7, his holdings were only worth $3.64 million – Marking a 76% loss of $11.65 million. 

The whale’s selling at such a colossal loss indicates capitulation – A typical behavior during deep bear markets.

Further slip for UNI?
Significantly, UNI has faced intense downward pressure from bearish market participants, especially whales.

In fact, sellers have dominated the market over the last 3 days, offloading 5.6 million tokens.

Source: CryptoQuant

As a result, the altcoin has recorded positive Exchange Netflows for three consecutive days – A clear sign of aggressive spot selling.

The altcoin’s southbound momentum has strengthened too. Similarly, the Positive Directional Movement Index (DMI) made a bearish crossover, confirming the altcoin’s bearishness.

Source: Tradingview

With whale selling at top gear and momentum to the downside being dominant, UNI may be exposed to potentially more losses.

Therefore, if the trend continues, UNI could drop to $5.8, erasing all of November’s gains. To invalidate this bearishness, bulls must reclaim the middle band of the Fibonacci Bollinger bands at $7.6.

This will help the altcoin target the next resistance at $8.4.

Bitcoin has entered troubling territory after confirming a death cross pattern on its daily chart, marking a technical milestone that historically signals extended price declines. The cryptocurrency fell to $80,000 on Friday, reaching its lowest level in six months and raising concerns among traders about the strength of the current market cycle.

The death cross formation occurred when Bitcoin's 50-day simple moving average crossed below its 200-day simple moving average on November 16. This was the first such occurrence since January 2024. The pattern has preceded substantial drawdowns in previous cycles, with Bitcoin experiencing drops ranging from 64% to 71% following similar formations.

Market analysts are closely monitoring the situation. Crypto analyst Mister Crypto pointed out that every Bitcoin cycle has concluded with a death cross, questioning whether the current environment would prove different from historical patterns.

Key Support Levels BrokenBitcoin's decline has breached multiple critical support levels that traders monitor for trend changes. The cryptocurrency closed below its 50-week moving average on Sunday, a development that analyst Rekt Capital identified as particularly significant for maintaining bullish market structure.

BTC lower lows. Source: Rekt Capital

The price action worsened as Bitcoin dropped beneath the 100-week moving average, reaching a six-month low of $80,500. Rekt Capital noted that bullish market structures become invalidated when the macro trend shifts, suggesting that Bitcoin needs to reclaim these levels promptly to restore positive momentum.

The convergence of technical indicators paints a bearish picture. Bitcoin's SuperTrend indicator recently sent a bearish signal on the weekly chart, an event that has historically marked the beginning of bear markets. This adds weight to concerns that the cryptocurrency may face extended downward pressure in the coming months.

Onchain data reveals the extent of selling pressure currently hitting Bitcoin markets. Realized losses have surged above $800 million on a seven-day rolling basis, reaching levels not observed since the FTX exchange collapse in November 2022.

Glassnode data shows that short-term holders are responsible for the majority of these losses. The firm characterized the situation as a meaningful washout, with marginal traders unwinding their positions as the drawdown deepens. Short-term holders typically include investors who acquired Bitcoin within the past 155 days.

CryptoQuant analyst IT Tech emphasized that short-term selling often indicates a local bottom if prices quickly recover above the cost basis. However, failure to reclaim these levels has historically confirmed deeper bearish trends or the onset of bear markets.

Bitcoin STH realized profit and loss. Source: CryptoQuant

The scale and speed of current losses reflect significant stress in the market. Previous death cross formations triggered severe declines. In January 2022, Bitcoin dropped 64% following the pattern, bottoming at $15,500 amid the FTX crisis. Earlier cycles saw even steeper falls, with March 2018 and September 2014 recording 67% and 71% declines, respectively.

Market Outlook Remains UncertainAt the time of writing, Bitcoin is trading at $83,700, but analysts project further downside potential. Some market observers suggest the cryptocurrency could test its April bottom of $74,500 if selling pressure continues.

Bitcoin price chart. Source: CoinMarketCap

The question facing traders is whether dip buyers will emerge with sufficient strength to reverse the trend. Bitcoin has historically recovered from death crosses, though the path often involves significant volatility and extended consolidation periods.

Are crypto IPOs the most accurate top signal, or just a tell investors keep retesting because it feels true during late-cycle heat?

The tape offers a clean cluster to examine. Coinbase’s direct listing arrived on April 14, 2021, the precise day Bitcoin set a then record near $64,000.

Stronghold Digital Mining priced its IPO on Oct. 19–20, 2021, about three weeks before Bitcoin’s Nov. 10 peak near $68,789.

This cycle, Bullish’s Aug. 13, 2025 debut and Figure’s Sept. 10, 2025 pricing landed within eight and four weeks of Bitcoin’s Oct. 6 all-time high near $126,198.

Grayscale’s public IPO filing on Nov. 13, 2025 followed the top by a little over a month, adding a late entry to the same window.

There is a familiar rhythm in play. During strong crypto advances, the path to public markets tends to open for exchanges, brokers, miners, and asset managers, often when volumes, fees, and media attention crest.

Crypto bull market IPOsCoinbase in 2021 became the shorthand for top timing because the calendar lined up to the day. Stronghold’s placement came near the ultimate cycle high that November after the market paused in May through July.

In 2025, Bullish and Figure queued up in August and September, with Bitcoin completing the move in early October. The sequence neither proves a rule nor offers a clock; it gives portfolio managers a clean anchor for late-cycle monitoring because the dates are fixed, the filings reveal business mix, and the deals include book quality details.

The cluster helps frame risk appetite in real time. Bullish’s August debut drew heavy first-day trading and a valuation near the top of its range.

Figure priced at $25, according to the company, while Bitcoin’s October print set the cycle high across majors.

Then the tone shifted from listing to filing, with Grayscale showing $318.7 million in revenue and $203.3 million in net income for the first nine months of 2025 and acknowledging fee pressure in its public documents.

Gemini’s S-1 became public in mid-August, before the October high, which adds to the late-cycle crowding of exchange-centric activity.

Calculating the bull market IPO signalA simple way to track the pattern is to measure days from each listing to the cycle top. The 2021 and 2025 windows fall into a bracket that feels tradeable, roughly T minus 60 days to T plus 30 days, where T is the all-time high.

Coinbase hit T0, Stronghold near T minus 22, Bullish near T minus 54, Figure near T minus 26, and Grayscale’s filing near T plus 38. That cadence looks less like coincidence and more like a funding market timing preference, where teams favor up-tape windows for valuation, while investors find that liquidity without an open-ended growth path can coincide with distribution across the secondary market.

Below is a concise table of the anchor dates to calibrate that window.

CompanyTickerListing dateCycle ATH anchorDays from ATHCoinbaseCOINApr 14, 2021BTC ATH, Apr 14, 20210Stronghold Digital MiningSDIGOct 19–20, 2021BTC ATH, Nov 10, 2021~22 beforeBullishBLSHAug 13, 2025BTC ATH, Oct 6, 2025~54 beforeFigure Technology SolutionsFIGRSep 10, 2025BTC ATH, Oct 6, 2025~26 beforeGrayscale (public IPO filing)—Nov 13, 2025BTC ATH, Oct 6, 2025~38 afterLate-cycle readings do not rule out fresh highs. Spot bitcoin ETFs, approved in 2024, built new structural demand that can smooth the usual post-listing fade.

That plumbing matters for flow-through into exchanges, miners, and asset managers. Even so, the public market’s role as a clearing mechanism tends to reassert itself.

When fees compress and top-line revenue drifts from peak prints, as Grayscale’s filing outlines, valuation discipline becomes visible in the order book and in how quickly the pipeline prices.

Balancing the tapeWho lists also matters. Exchange listings have been the cleanest timing markers, which matches business models that benefit when turnover peaks.

Miners have a mixed record, with many arriving after tops in 2021–22. There are also counterexamples.

Canaan’s November 2019 IPO landed closer to a bear-market floor, a reminder that macro, product cycle, and company specifics can overwhelm seasonal timing.

The next few checkpoints are straightforward. Watch whether Gemini’s roadshow cadence and pricing converge or drift.

Track how Grayscale’s valuation clears relative to fee pressure and the mix of retail versus institutional demand.

Keep an eye on Kraken’s 2026 posture as a real-time read on whether the window reopens after any consolidation.

If the thesis needs one sentence, it is this: Crypto IPOs do not call tops by decree. They cluster near the end of strong runs because that is when the market pays the most for flow-through earnings, and this cycle followed the same script.

Bitcoin Market Data

At the time of press 5:09 pm UTC on Nov. 21, 2025, Bitcoin is ranked #1 by market cap and the price is down 2.95% over the past 24 hours. Bitcoin has a market capitalization of $1.69 trillion with a 24-hour trading volume of $137.49 billion. Learn more about Bitcoin ›

Crypto Market Summary

At the time of press 5:09 pm UTC on Nov. 21, 2025, the total crypto market is valued at at $2.9 trillion with a 24-hour volume of $278.66 billion. Bitcoin dominance is currently at 58.31%. Learn more about the crypto market ›

Mentioned in this article

Fri, 21/11/2025 - 19:35

Kiyosaki sold a significant amount of Bitcoin for a large profit, then converted those gains into cash-flowing real-world businesses, according to a recent post.

Cover image via U.Today

Robert Kiyosaki, the author of the "Rich Dad Poor Dad" financial literacy book, has sold Bitcoin that he owned for a total of $2.25 million in value, according to his most recent social media post. 

Kiyosaki claims that he bought these Bitcoins years ago at $6,000 per coin. Hence, his purchase price was far lower than his sale price, generating a large gain.

The controversial pundit says that he sold his Bitcoin for "approximately $90,000" per coin.  

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Kiyosaki's next moves He used the proceeds from selling Bitcoin to purchase two surgery centers. The financial commentators also invested in a billboard business.

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Kiyosaki, who infamously filed for bankruptcy in October 2012, believes that these new businesses will generate approximately $27,500 per month in tax-free income by next February.

This is positive cash flow, meaning the income exceeds the costs of running these businesses.

Future Bitcoin plans Kisaki's decision to jump ship might seem surprising, given that he previously predicted that he predicted that the price of Bitcoin could surge to as high as $250,000. Earlier this month, he said that he kept buying Bitcoin and Ethereum following the market correction while predicting "massive riches." 

Despite selling, Kiyosaki is still bullish on Bitcoin. He plans to buy more Bitcoin in the future with the help of the cash flow from his new businesses.

The cryptocurrency is currently trading at $84,475, experiencing substantial volatility. Earlier today, it briefly collapsed below $81,000 on the Bitstamp exchange.  

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TLDR

BlackRock deposited 4,198 BTC and 43,237 ETH into Coinbase amid a significant crypto market sell-off.
The Bitcoin and Ethereum ETFs managed by BlackRock saw significant outflows, with $355.50 million withdrawn from the BTC ETF.
Ethereum’s ETF recorded $122.60 million in outflows as BlackRock moved 64,706 ETH into Coinbase.
Institutional investors, including BlackRock, are pulling back amid Bitcoin’s drop to a six-month low of $81,000.
Bitcoin’s realized losses surged to levels last seen during the FTX collapse, driven largely by short-term holders.

BlackRock has deposited 4,198 BTC and 43,237 ETH into Coinbase, according to Arkham data. This move comes during a major crypto market sell-off, with ETFs experiencing significant daily outflows. Both Bitcoin and Ethereum ETFs saw net outflows yesterday, furthering the market’s downward trend.

BlackRock’s Bitcoin ETF Faces Huge Outflows
BlackRock’s Bitcoin ETF saw $355.50 million in net outflows. This follows a broader trend where institutional investors are pulling back. The recent sell-off has prompted BlackRock to move large sums of Bitcoin to Coinbase. The market is facing intense selling pressure from whales and institutional players. The movement of over 4,000 BTC into Coinbase suggests that BlackRock may be offloading some of its holdings.

The recent Bitcoin price drop to as low as $81,000 reflects the increased selling pressure. As BlackRock faces massive outflows, the future of its Bitcoin ETF remains uncertain. Investors are closely monitoring the situation as the market continues to fluctuate.

Ethereum ETF Records Significant Outflows
BlackRock’s Ethereum ETF recorded $122.60 million in net outflows. This follows a series of other moves that suggest a continued decline in Ethereum’s price. On the same day, BlackRock deposited 64,706 ETH into Coinbase, signaling its ongoing adjustment to the market’s downturn. The ETF’s struggles mirror broader trends in the crypto market, with Ethereum facing challenges similar to those of Bitcoin.

Ethereum’s value has been under pressure as large institutional players, such as BlackRock, seek to reduce exposure. These outflows align with the broader crypto sell-off that has caused Ethereum to drop alongside Bitcoin.

Crypto Market Continues to Struggle
Both Bitcoin and Ethereum are facing massive challenges. Arkham’s data shows that these moves come as short-term holders drive the market’s capitulation. Glassnode has reported that Bitcoin’s realized losses have surged to levels last seen during the FTX collapse.

The scale of these losses reflects a broader trend of market uncertainty. Investors are reevaluating their positions as prices for both BTC and ETH drop sharply. The continued sell-off raises questions about the future of crypto in the current economic climate.

BlackRock’s strategy reflects a larger trend among institutional investors. The asset manager is making significant adjustments amid rising volatility. Whether this is a sign of more sell-offs to come remains to be seen. The impact on BlackRock’s ETFs could continue to shape the crypto market in the coming weeks.

Key takeaways:

Bitcoin’s death cross, which previously led to 64%-77% BTC price declines, has flashed again.

Mounting selling pressure is prompting many investors to sell their BTC holdings at a loss. 

Bitcoin (BTC) may have confirmed its entry into a bear market after the price dropped to $80,000 on Friday. This view is reinforced by a convergence of technical indicators that have historically preceded extended declines. 

Bitcoin’s macro uptrend was invalidatedThe BTC/USD pair closed below its 50-week moving average on Sunday, a level crypto analyst Rekt Capital has been closely watching, saying that the “price will need to reclaim it promptly on a relief rally to protect the structure.”

#BTC

It's going to get complicated for Bitcoin to maintain bullish market structure if it performs a Weekly Close below the 50-week EMA later today

If the Weekly Close indeed occurs below the 50 EMA, price will need to try reclaim it promptly on a relief rally to protect the… https://t.co/kxqpfUXC91 pic.twitter.com/SNp1Lxj0Dx

— Rekt Capital (@rektcapital) November 16, 2025“Bitcoin wasn’t able to reclaim the 50-week EMA,” the analyst wrote in a Friday post on X, adding:

“Bullish market structures are invalidated when the macro trend shifts.”Rekt Capital was referring to Bitcoin’s drop below key support lines, even as the price slid below the 100-week moving average to reach a six-month low of $80,500 on Friday. 

Meanwhile, the price confirmed a “death cross” on its daily chart at the end of last week, a technical pattern that has previously preceded significant price declines.

On Sunday, Bitcoin’s 50-day simple moving average (SMA) crossed below its 200-day SMA for the first time since January 2024, forming a death cross.

“Every Bitcoin cycle has ended with a Death Cross,” said analyst Mister Crypto in an X analysis on Monday, asking:

“Why would this time be different?” Bitcoin’s past performance after a death cross. Source: Mister CryptoIn January 2022, the death cross was followed by a 64% BTC price drop, bottoming at $15,500, fueled by the FTX collapse. 

March 2018 and September 2014 saw 67% and 71% declines in BTC price, respectively, after painting similar SMA crossovers.

As Cointelegraph reported, Bitcoin’s SuperTrend indicator also sent a bearish signal on the weekly chart, an occurrence that has historically marked the start of a bear market. 

Bitcoin realized losses surpassed $800 millionWith selling pressure increasing by the hour, the volume of realized losses has risen to levels not seen since the 2022 FTX collapse. 

Onchain data provider Glassnode shared a chart showing that Bitcoin’s aggregate realized losses by both short-term and long-term holders have surged to areas above $800 million on a seven-day rolling basis. The $800 million mark was last crossed in November 2022. 

“Short-term holders are driving the bulk of the capitulation,” Glassnode said, adding:

“The scale and speed of these losses reflect a meaningful washout of marginal demand as recent buyers unwind into the drawdown.” Bitcoin realized loss. Source: GlassnodeSharing a similar perspective, CryptoQuant analyst IT Tech said short-term selling “often marks a local bottom if the price quickly reclaims the cost basis,” adding:

“Failing to do so historically indicates a deeper bearish trend or confirms a bear market.”  Bitcoin STH realized profit and loss. Source: CryptoQuantAs Cointelegraph reported, short-term holders have been panic-selling their Bitcoin holdings at a loss, adding fuel to analysts’ predictions that the BTC price will extend its downtrend toward its April bottom of $74,500.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kaito, the Web3 information platform that specializes in indexing hard-to-reach crypto data, has launched what it describes as the first “verifiable mindshare markets” on Polymarket, opening a new category of prediction markets built on AI-derived sentiment, popularity, and social media chatter.

Journalist

Posted: November 22, 2025

Key Takeaways
How will BONK ETP affect price action?
If the BONK ETP hype is substantial, trading activity could increase, leading to a breakout.

Can big whale orders stretch the gains?
Since the big whales were bullish, any breakout could be amplified, propelled by their existing positions.

Bitcoin Capital, an issuer of exchange-traded products (ETP) and holder of the associated cryptocurrencies for the SIX Exchange in Switzerland, will launch BONK ETP. The debut will be on 27 November, where EU investors will get 1:1 exposure to the memecoin.

The launch of the BONK ETP will attract more trading activity in the memecoin with the inclusion of EU investors. That way, volume may be anticipated to spike, even though there is no assurance of the same.

ETP hype to the rescue?
An update like this would invite more activity into the memecoin as it nears a breakout after consolidating for more than four months.

Its massive falling wedge pattern was a retracement from a rally that started at the same zone BONK is now trading in. The altcoin season, which lasted up until August for most cryptos, drove this BONK rally.

However, BONK fell by about 10% in the last 24 hours, aligning with the broader market weakness. This saw Bitcoin (BTC) dip below $85,000. The daily volume, however, climbed as figures for the same hit $200 million.

Source: TradingView

This weakness was reflected in the Bull Bear Power (BBP), which showed sellers were in control – Extending market weakness. However, the strength of sellers was not as strong as one in mid-October, suggesting a looming shift in sentiments.

The BONK ETP hype could power this pattern into a breakout if it attracts more volume. The downside of it was pulling more bear capital than that of bulls.

Usually, retail traders capitulate near market bounces. On-chain data showed that whales and savvy traders have been viewing this market differently.

What are traders doing on-chain?
Data from CryptoQuant showed that spot and futures whales were placing big positions on BONK. The orders came as BONK’s price traded at a discount area, as well as at the apex of the multi-month consolidation.

Retail showed they lost the battle previously at similar levels in between January and May when their activity was high. Whales came back after this activity and took the price up. The same script seems to be unfolding currently.

Source: CryptoQuant

It also seemed evident that whales were buying as the Spot Taker CVD, which takes into account the last 90 days, was bullish at press time.

The metric flipped on 8 November – A sign that the BONK ETP hype could have helped in this shift.

Source: CryptoQuant

In conclusion, thanks to BONK ETP hype, together with big whale orders, the price action could break out from the pattern.

However, the consolidation could extend a little longer, bearing the weak crypto market conditions.

Bitcoin is struggling to find support after losing the $85,000 level and plunging to $81,000, marking its weakest point since early spring. Bulls have clearly lost control of the trend, and fear now dominates the market, with sentiment rapidly shifting from caution to outright panic. Many traders are calling for a confirmed bear market, while others argue the move is an orchestrated shakeout designed to flush out weak hands before the next macro leg.

Amid the chaos, top analyst Axel Adler shared new insights that highlight a structural shift beneath the surface. Until just yesterday, short-term holders (STHs) appeared relatively stable despite the correction. However, the situation has now changed dramatically. The Realized P/L component — which measures whether investors are selling at a profit or loss — has fallen to –1, signaling broad loss realization across the STH cohort.

This metric turning negative for the first time in weeks confirms that capitulation among recent buyers is accelerating, a dynamic that historically increases pressure on the spot market. Although the sell-off is severe, some analysts argue that these conditions resemble previous manipulation-driven liquidity grabs, where deep corrections eventually set the foundation for sharp rebounds.

STH Panic Mirrors Past Cyclical Bottom Signals
Adler explains that the latest spike in short-term holder (STH) panic is not an isolated event — it closely resembles patterns seen during previous market bottoms. The chart clearly shows that similar surges in STH loss realization occurred in July 2021 and again throughout the 2022–2023 bear market, each time leading to accelerated selling, liquidity stress, and deeper short-term corrections.

Bitcoin Short-Term Holder Realized P/L | Source: Axel Adler
These phases were marked by fear-driven capitulation, where recent buyers dumped coins rapidly, often exaggerating the downside but ultimately exhausting available sell pressure.

Today, that same structure is reappearing. With STH Realized P/L dropping sharply and the STH-MVRV ratio sitting below 1, fear has pushed many recent entrants into loss, triggering panic moves. Adler notes that this kind of forced selling tends to cluster near the end of corrections, not the beginning. Once STHs capitulate, the market often shifts into a period of stabilization as long-term holders absorb supply.

Despite extreme sentiment across social and derivative markets, several analysts argue that this setup could create the conditions for a recovery. Historically, when STH panic peaks and long-term holders remain steady, Bitcoin has often staged strong rebounds in the weeks that follow.

BTC Testing Key Demand Levels
Bitcoin has entered a steep downtrend, and the chart clearly reflects the intensity of the current sell-off. BTC has dropped to the $83K–$84K range, marking one of the sharpest declines of this cycle. The breakdown accelerated once price lost the $92K and $90K supports, and the chart now shows a near-vertical move to the downside — a classic sign of capitulation-driven selling.

BTC setting fresh low | Source: BTCUSDT chart on TradingView
On the daily timeframe, BTC is trading well below the 50-day, 100-day, and 200-day moving averages. All three have begun sloping downward, forming a full bearish alignment that signals weakening momentum across multiple time horizons.

Price is currently attempting to stabilize around the 200-day moving average (red line), one of the last major trend supports in a macro bull structure. A clean close below this level could open the door to deeper downside.

Volume has spiked aggressively over the past sessions, confirming panic participation. Unlike earlier corrections, this one shows sustained distribution without meaningful bounces, suggesting forced selling from short-term holders and large entities.

However, the chart also shows early signs of selling exhaustion. Candles are printing long lower wicks, and intraday volatility has increased — conditions that often precede a temporary bottom.

Featured image from ChatGPT, chart from TradingView.com

5 minutes ago

The outflows reflect short-term price movements, not lower institutional demand or structural issues in the Bitcoin market, analysts said.

71

The record outflows from Bitcoin exchange-traded funds (ETFs) represent short-term, “tactical” rebalancing rather than institutional flight from BTC, according to analysts at crypto exchange Bitfinex.

Long-term Bitcoin (BTC) holders taking profit and selling their coins, and highly-leveraged positions flushing out of the markets, are the root causes of the billions of dollars in ETF outflows and the broader market crash, Bitfinex analysts said.

The uncertainty of a December interest rate cut has also shifted investors to a risk-off outlook, Bitfinex said.

“This does not derail the longer-term move towards institutionalization. The spot ETF channel remains intact, and the outflow likely reflects tactical rebalancing rather than a wholesale exit from the asset class.” Bitcoin ETF flows for November. Source: Farside InvestorsBitfinex said the structural thesis for Bitcoin remains “firm,” and that Bitcoin is positioned for continued institutional adoption as a store-of-value asset with strong long-term fundamentals. The ongoing drawdown is a short-term price movement, they added.

Bitcoin ETFs bleed billions of dollars and post record outflows as market panic deepens Bitcoin ETF outflows have topped $3.7 billion in November, as losses from October’s crypto market crash extended into the month, sparking investor fears of the beginning of a bear market.

The majority of the crypto market continues to bleed well into the month of November. Source: TradingViewBlackRock’s iShares Bitcoin Trust (IBIT) ETF led the outflows, with over $2.47 billion in redemptions so far in November.

The Bitcoin ETFs posted some of the worst daily outflows on record in November. Single-day outflows crossed $900 million on Thursday, according to Farside Investors.

The average ETF investor is now underwater following BTC’s crash below $90,000. However, this does not mean that ETF investors will panic sell, Vincent Liu, chief investment officer at quantitative trading company Kronos Research, told Cointelegraph.

The price of Bitcoin plunges below the $90,000 level. Source: TradingViewBitcoin ETF investors tend to be long-term holders and ignore short-term market noise and price movements, Liu said.

Long-term Bitcoin whales and OGs who hold the asset directly rather than through an investment vehicle are responsible for most of the selling, according to senior Bloomberg ETF analyst Eric Balchunas.

Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling: Joseph Chalom

TLDR

Bitcoin plunged to a six-month low below $82,000 after a sharp two-month decline.
Arthur Hayes predicts that Bitcoin’s crash may be nearing its bottom but advises patience before investing.
Hayes suggests that a rebound in Bitcoin could follow a drop in AI tech stocks and increased liquidity.
Raoul Pal draws parallels between the current Bitcoin crash and previous major corrections in crypto cycles.
Pal believes the current oversold conditions align with past de-risking cycles, which led to recoveries.

Bitcoin crashed to a six-month low on Friday, falling below $82,000. This marked a sharp two-month decline from the late October peak near $126,000. The drop reflected growing concerns about liquidity, particularly the decline in USD liquidity.

BitMEX co-founder Arthur Hayes weighed in on the situation, commenting that the Bitcoin crash might soon reach its bottom. In an X post, he suggested that the cryptocurrency’s decline could be nearing its end. However, Hayes advised investors to remain patient before making any moves.

Arthur Hayes forecasted that Bitcoin’s crash might soon stabilize, but he warned against rushing into the market. “We may be nearing the bottom for Bitcoin,” Hayes wrote, although he cautioned investors to hold off for now. He advised waiting for U.S. stocks to correct before jumping back into the crypto market.

$BTC undershooting decline in $ liq. Bottom is near, but be patient before blowing your load. Wait for US stonks to puke as well. We are playing for more money printing, and for that we need AI tech stocks to crater. pic.twitter.com/ANMQcK1Uto

— Arthur Hayes (@CryptoHayes) November 21, 2025

Hayes also highlighted the importance of future money printing, which he believes will fuel the next wave of Bitcoin liquidity. According to him, the key to Bitcoin’s future surge lies in AI tech stocks’ significant decline. “Once that happens, the liquidity for Bitcoin will increase,” Hayes said.

The prediction comes after Bitcoin’s price hit around $90,000, with Hayes suggesting it could fall to between $80,000 and $85,000 before rebounding. Despite the short-term dip, Hayes still expects Bitcoin to surge towards $200,000 by the year-end.

Raoul Pal Draws Parallels with Previous Crypto Cycles
Raoul Pal, in his recent X post, shared concerns about the ongoing Bitcoin crash, attributing it to forced unwinding on trading platforms. He pointed out that this phase resembled past cycles in which surges to new highs followed massive losses. The speed of this decline, Pal noted, was similar to earlier shock movements in crypto cycles.

He also referenced historical data showing multiple large corrections during bullish periods, such as the 72% drop from 2019 to 2020. According to Pal, these types of significant pullbacks were often followed by periods of renewed strength. Pal believes the current oversold conditions align with previous de-risking cycles.

The market has witnessed steep declines before, but quick recoveries have followed these. Many of the sharp pullbacks, such as those in 2016 and 2017, lacked clear external triggers. However, they still set the stage for significant rallies in the long term.

Recent changes in macroeconomic conditions have further complicated Bitcoin’s outlook. CME FedWatch data now suggests that the likelihood of a 25-basis-point rate cut has risen to nearly 71%. This shift comes after John Williams’ comments suggested a near-term rate cut.

Bitcoin’s liquidity is closely tied to macroeconomic trends, and traders are keeping a close eye on these developments. The Fed’s changing stance could either help stabilize the market or add further pressure.

Peter Brandt Predicts Long-Term Bitcoin Surge
Veteran trader Peter Brandt shared his long-term perspective on Bitcoin, predicting a future price of $200,000. He noted, however, that Bitcoin could first drop to $58,000 in the next cycle. This forecast points to a potential rebound around the third quarter of 2029.

Despite the short-term downside risk, Brandt reaffirmed his long-term optimism. He emphasized that he continues to hold Bitcoin at lower entry levels. Brandt’s prediction aligns with the broader outlook that Bitcoin’s crash could eventually lead to a strong recovery.

Bubblemaps spotted a wallet buying JESSE in one second, while Arkham confirmed two snipers earned massive same-block profits.

On-chain intelligence layer Bubblemaps reported that a wallet linked to the early trading activity around Base founder Jesse Pollak’s newly launched creator coin executed a buy in the “first second” of the token’s release.

The wallet identified as 0xB102 spent roughly $250,000 to purchase JESSE tokens at the exact moment the contract went live, before Pollak had publicly shared the contract address.

JESSE Token Snipes
According to the latest findings by Bubblemaps, the tokens were then moved to another address, 0x9572, which sold most of the holdings for close to $800,000. This resulted in an estimated profit of about $600,000. Bubblemaps attributed the precision of the trade to the wallet’s ability to detect the token launch at the moment of creation and act instantly, while describing it as a highly efficient snipe executed immediately after the coin’s availability.

Arkham Intelligence separately identified similar early-buying behavior during the same launch. The firm reported that two sniper wallets collectively secured more than $1.3 million in profits during the rollout of Pollak’s token on Base. As part of the launch, 500 million JESSE tokens, which are half of the total supply, were added to a liquidity pool.

Within that same on-chain block, traders using automated tools purchased 261.7 million tokens. Arkham found that the two most profitable wallets earned approximately $707,700 and $619,600, respectively. One of these traders acquired around 7.6% of the token’s supply by spending about $191,000 and paying over $44,000 in priority fees to the Base sequencer to ensure rapid inclusion.

Arkham linked the ability to carry out these same-block purchases to the introduction of flashblocks on Base, a feature that breaks each block into a series of 200-millisecond micro-blocks. Although the Coinbase-incubated Ethereum Layer 2 network maintains two-second block times, flashblocks allow bots to detect a token-deployment transaction as soon as it appears in an early micro-block and immediately submit a high-fee buy order that settles in the next.

This sequence results in both the deployment and the buy being processed within the same full block, enabling highly competitive sniping without access to private mempool information.

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JPMorgan Launches JPM Coin Deposit Token for Institutional Clients on Base (Report)

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Base Layer 2
A July analysis from Galaxy Digital showed that Base had emerged as the most profitable Layer 2 network at the time, after generating an average of $185,291 in daily revenue over the previous six months.

The report credited Base’s EIP-1559-style priority fee model and strong DEX activity for its lead over other rollups. It also noted that the introduction of Flashblocks helped distribute priority fees more evenly across block slots while maintaining overall revenue strength.

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Published: Nov 21, 2025, 18:54 GMT+00:00

Key Points:The Fear and Greed Index has reached its lowest level on record today.The President of the NY Federal Reserve says a rate cut in December is still possible.ETH bounced strongly off $2,600, and the daily RSI hit its lowest level since April – back when the market bottomed.

Ethereum (ETH) has gone down by 13% in the past 7 days, but has recovered strongly off today’s early losses after brief breaking below the $2,700 level.

Trading volumes surged by 37% as bulls seem to be willing to defend this line to avoid a catastrophic drop. ETH’s volumes currently account for 17% of the token’s circulating market cap, emphasizing the strength of the selling pressure.

Top 5 Tokens by 24H Liquidations – Source: CoinGlass

Crypto liquidations spiked to $2 billion in the past 24 hours, with $1.7 billion of that total being long positions. ETH accounts for a bit more than 30% of that total, while Bitcoin captured the lion’s share with $900 million in wiped-out longs as it dropped by 10% at some point during the session.

New Your Fed Chair Still Sees “Room” for Another Rate Cut
Market sentiment showed signs of extreme depression today as the Fear and Greed Index dropped to 11. This is the lowest level on record that this sentiment gauge has reached, as investors were spooked by some worrying macroeconomic trends.

First of all, the Federal Reserve’s Chairman, Jerome Powell, questioned the certainty of a rate cut in December. Analysts had initially assigned a 91% probability to a 25 basis points cut next month, but those odds dropped to 41% recently at some point this week.

However, the head of the New York Fed, John Williams, commented on Friday that he sees “room for adjustment” for interest rates down the road.

“I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral, thereby maintaining the balance between the achievement of our two goals,” Williams commented during a speech in Santiago de Chile.

FedWatch’s Target Rate Probabilities – Source: CME Group

The market seems to have interpreted this as a buy signal as cryptos recovered from their early losses and ETH rapidly surged from $2,600 to $2,800. Rate cut odds have now improved to nearly 70% after these comments, as the market seems completely focused on the overall macro landscape rather than cryptos’ improving fundamentals.

The last time that the Fear and Greed Index hit such a low level, 15 in April, the market started to recover and, just a few weeks after, Bitcoin (BTC) made a new all-time high.

If rate-cut-panic has truly ended, then this could be the market’s bottom, same as it happened in April, and we could start seeing a recovering within the next few weeks.

Every Technical Indicator is Screaming “Bottom”
Looking at the daily chart, we can see the long wick that ETH has left today after it moved below $3,700. Trading volumes have reached 3 times the 14-day moving average, a clear indication that this is a highly contested area for bulls.

ETH/USD Daily Chart (Binance) – Source: TradingView

Both a former horizontal resistance and a trend line support are in confluence at this level, increasing its technical relevance.

We will have to wait until the session ends at least to draw further conclusions about what today’s move could imply, as the jury is still out and sellers could come back rushing to retest that $2,600 level.

Bearish momentum is still quite strong as reflected by the Relative Strength Index (RSI), which has reached 28 at the time. The last time the RSI got this low, the market also bottomed.

So everything is pointing to the possibility that ETH could hit bottom at $2,600. Timing the market is commonly not a good idea, but the odds do favor a rebound off this mark after many days of strong selling.

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Bitcoin's (CRYPTO: BTC) slide through key support levels has brought long-time critic and gold advocate Peter Schiff back into the spotlight—and he's not mincing words.

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Also Read: Bitcoin Down Over $40,000 From Its Peak: Is Now The Time To Start Buying?

Why It Matters: Schiff also took aim at one of Bitcoin's core cultural mantras: "never sell."

He claims it's a psychological tactic used by whales to keep retail holders locked in while bigger players exit.

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Read Next:

Tom Lee Says Bitcoin, Ethereum Crash Wasn’t Macro But A ‘Software Bug’
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