Market Signal Briefing

The bitcoin market just took another heavy hit. U.S. spot bitcoin ETFs recorded $869.9 million in outflows on Thursday, making it the second-largest daily exit since these products launched. That kind of number doesn’t happen quietly. It rippled through the entire market, dragged prices lower, and sparked fresh questions about whether this is fear taking over or simply a reset before the next leg up.

Why Did Spot Bitcoin ETFs Suddenly See Such Big Outflows?

Thursday’s mass exit wasn’t an accident. According to SoSoValue data, several major funds were hit hard. Grayscale’s Bitcoin Mini Trust saw the biggest drain at $318.2 million. BlockRock’s IBIT wasn’t far behind with $256.6 million slipping out, while Fidelity’s FBTC lost $119.9 million. Even GBTC and funds from Ark, 21Shares, Bitwise, VanEck, Invesco, Valkyrie, and Franklin Templeton were in the red.

This move ranks just behind the all-time record set on February 25, 2025, when investors pulled $1.14 billion in a day.

So what’s going on? The institutional flows tend to move together. When macro conditions start feeling shaky, these players reduce risk in clusters.

Vincent Liu, CIO of Kronos Research, summed it up well. Large outflows reflect a risk-off turn, he said. Institutions are stepping back as macro noise builds, but he doesn’t see it as a collapse in long-term demand. Instead, he views these drops as part of an oversold setup that long-term buyers might soon take advantage of.

What’s Triggering This Risk-Off Mood?Markets aren’t reacting to a single shock. It’s more of a pile-up of small but worrying signals.

Min Jung of Presto Research noted that investors are rotating out of higher-beta assets and moving toward safety. The uncertainty around the Fed is a big piece of this. Weak ADP and NFIB readings point to a softening labor market. That feeds into expectations that the Fed is preparing to ease, but with caution. And traders hate uncertainty more than bad news.

Fed rate-cut odds for December have now slipped to 50.4 % according to the CME FedWatch Tool. When central bank direction becomes fuzzy, money tends to retreat from volatile assets first. Bitcoin is always at the front of that line.

How Did Bitcoin Price React to the Bitcoin ETFs Outflows?The Bitcoin price action was quick and sharp. Bitcoin price dropped 6.4% over the past 24 hours, touching $96,956 early Friday.

Liu described the sell-off as a liquidity let-down. With cascading liquidations and fewer buyers in the order book, every drop hits harder. According to him, demand is clustering between $92,000 and $95,000, which could act as a cushion if selling continues.

Justin d’Anethan from Arctic Digital echoed the same idea. He pointed out that if bitcoin dips into the lower $90Ks, plenty of sidelined investors will view that zone as an opportunity. Not long ago, BTC was climbing past the mid-$120Ks. Many missed that move and are waiting for a deeper reset.

Is There a Bigger Trend Behind the Sell-Off?Sometimes a crash has a clear trigger. This wasn’t one of those days. Jung noted that the pullback didn’t come from a single event. Instead, it was a blend of macro uncertainty, weakening risk appetite, and jittery flows ahead of the next FOMC meeting.

When the market feels unsure, even neutral data gets interpreted negatively. That’s the kind of environment bitcoin is dealing with right now.

What Happens Next?The story isn’t over. The next few sessions will show whether the $92K to $95K range can hold. If it does, $BTC might see a relief bounce as liquidity stabilizes and buyers return. If it breaks, the lower $90Ks could come into focus quickly.

Here’s what matters most right now:

Bitcoin ETF outflows are a reflection of macro anxiety, not a collapse in bitcoin’s long-term story.Liquidity is thin, so volatility stays elevated.Support zones are nearby, and long-term buyers are watching closely.This is the kind of environment where panic selling and strategic accumulation happen at the same time. The next bounce will reveal which side is in control.

Bitcoin price is hovering around $97,000 as heavy exchange-traded fund outflows deepen market pressure.

Summary

Bitcoin faces sharp outflows and rising U.S.-driven sell pressure.
ETF redemptions accelerate as institutions de-risk into year-end.
Technical signals lean bearish with key support now under stress.

Bitcoin is trading at $97,527 at press time, down 5.5% in the past 24 hours. The market has now declined 4.3% in the past week, shed 13% in the past month, and retreated 22% from its October peak at $126,080. 

Trading volume jumped 50% in the last 24 hours, showing a rise in market activity during the pullback. Derivatives activity also picked up. Total futures volume rose more than 34% to $153 billion, while open interest dipped 2%  to $66.65 billion. This likely suggests that the market is resetting rather than forming a strong directional trend.

Spot BTC ETF outflows accelerate
U.S. spot Bitcoin ETFs registered $869 million in net outflows on Nov. 13, the second-largest single-day withdrawal on record after that of Aug. 1. Grayscale’s Mini BTC led with more than $318 million in outflows, followed closely by BlackRock’s IBIT with $257 million, and Fidelity’s FBTC with $119 million.

Large redemptions of this size usually indicate institutional de-risking and can add short-term pressure by reducing spot demand.

Gerry O’Shea, head of global market insights at Hashdex, told crypto.news that Bitcoin’s consolidation stems from both macro shifts and long-term holder selling. He said that expectations for a December rate cut have faded and that many long-term holders in the U.S. are securing profits near year-end. 

O’Shea added that the lower volatility since ETF approvals suggests Bitcoin is moving into more structured, institutional hands, with long-term demand still stable despite recent weakness.

U.S. market forces responsible for decline
CryptoQuant analysts noted that the recent price action is driven mainly by U.S. market forces. The Coinbase Premium Index has been negative for weeks, meaning Bitcoin trades cheaper in the U.S. than abroad. This reflects stronger American selling and matches the pattern of overnight recoveries followed by U.S.-hour declines.

Long-term holders across almost every age group have also been selling. The analysts believe this indicates widespread tax positioning among U.S. investors. Fidelity also commented that many long-term holders are closing profitable positions heading into year-end.

Macro conditions added to the pressure. The recent U.S. government shutdown resulted in a short-term fiscal surplus and tightened liquidity. Demand for risk assets declined sharply as a result of weaker U.S. equities, a pullback in crypto-related stocks, and lower expectations for rate cuts. Once liquidity stabilizes, analysts expect conditions to improve.

Bitcoin price technical analysis
With its price trading below all of the major moving averages from the 10-day to the 200-day level, Bitcoin is still in a clear downward trend. There is strong resistance between $102,000 and $110,000.

The price is still hovering close to the lower Bollinger Band, indicating both short-term exhaustion and ongoing selling.

Bitcoin daily chart. Credit: crypto.news
Momentum indicators show some weakness. Nearing oversold conditions, the relative strength index is at 33, and the MACD and awesome oscillator are still negative. A few short-term indicators show slight improvement, hinting that pressure may be easing.

Support in the range of $96,500 to $97,000 is still crucial. A breakdown might pave the way for $92,000 or even the $88,000–$90,000 range. For any recovery to hold, Bitcoin must reclaim $102,000 and then test stronger resistance at $106,000 and $110,000.

Lendasat, a Bitcoin-native peer-to-peer lending platform, announced today the launch of Lendaswap, an atomic swap exchange enabling instant, non-custodial trades between Bitcoin and stablecoins across Ethereum and leading EVM-compatible chains.

Powered by the Arkade protocol, Lendaswap uses HTLC-based atomic swaps — a technology similar to that of the Lightning Network — to deliver a seamless experience for anyone looking to swap BTC and stablecoins “without giving up self-custody, creating accounts, or relying on wrapped tokens,” according to a press release shared with Bitcoin Magazine. 

Lendaswap will support Ethereum and Polygon at launch, with planned expansion to Base, Solana, Binance Smart Chain, Arbitrum, and Optimism. Swaps are executed via Arkade, the new implementation of the Ark protocol, which should deliver “instant execution” on the Bitcoin side. Trades are also expected to be possible in both directions, so users will be able to swap BTC for stablecoins and vice versa. 

“Bitcoin self-custody needs more than passive holding, it needs infrastructure,” said Philipp Hoenisch, co-founder of Lendasat, adding that “Lendaswap is a major step in unlocking more utility for BTC, and marks the first step for BitcoinFi. For the first time, anyone can move between Bitcoin and stablecoins without trusting a custodian, without wrapping, and without asking permission. This is what Bitcoin-native finance should look like.”

The startup demonstrates the power and potential of the Bitcoin scripting language, which had for years been dismissed as inferior to that of Ethereum-era blockchains. The Ark protocol used to make Lendaswap possible is an increasingly popular technology among Bitcoin enthusiasts and entrepreneurs.

None of the Lendaswap tech stack is open source yet, but the company told Bitcoin Magazine it is in their short-term roadmap. Lendaswap is now live at https://swap.lendasat.com/

Journalist

Posted: November 14, 2025

Key takeaways
How has Solana performed in the market recently?
Despite the ETF anticipation, SOL prices dipped to around $140.71, falling over 10% in 24 hours, mirroring broader crypto weakness.

How soon could VanEck’s Solana ETF officially launch after the SEC filing?
VanEck’s Solana ETF could launch within weeks of the SEC Form 8-A filing, as this step typically precedes an ETF’s official listing.

VanEck, a major player in the exchange-traded fund (ETF) space, is hinting that its long-anticipated Solana [SOL]spot ETF may be launching soon.

The firm has filed an 8-A form with the U.S. Securities and Exchange Commission (SEC), a procedural step typically made shortly before an ETF goes live.

This highlights a growing wave of crypto ETF activity that shows no signs of slowing, with SOL emerging as one of the most sought-after assets in the latest round of filings and launches.

Even during the U.S. government shutdown, ETF applications have continued to pour in. 

Other Solana ETFs and their performance
As of November 2025, the crypto ETF market continues to grow steadily. Currently, four ETFs are active, with ten more awaiting regulatory approval.

Notably, Solana ETFs have maintained positive momentum, recording twelve consecutive days of inflows. This trend stands in contrast to the outflows seen in Bitcoin [BTC] and Ethereum [ETH] products during the same period.

According to the latest data from Farside Investors, as of the 13th of November, Bitwise’s BSOL ETF led daily inflows with $1.5 million. 

In comparison, GSOL saw no inflows at all. This divergence underscores the mixed investor sentiment as the broader market undergoes a period of recalibration.

Is Solana’s price action concerning?
However, despite the excitement surrounding VanEck’s Solana ETF, market sentiment for SOL has remained subdued, mirroring the broader crypto downturn.

At press time, SOL was trading at $144.67, later slipping to $140.71, marking a 10.11% decline in 24 hours, according to CoinMarketCap.

But if looked closely, the weakness in SOL coincided with Bitcoin’s drop below $100,000, putting pressure on the entire altcoin market.

Ishika Kumari is a Crypto Analyst and Content Strategist at AMBCrypto, specializing in the analysis of cryptocurrency regulations, market trends, and the socio-political impact of blockchain technology.
Her expertise is grounded in her academic background as a graduate of Political Science from the renowned University of Delhi. This discipline has equipped her with a sophisticated framework for analyzing complex governance models, international regulatory landscapes, and the economic principles that underpin decentralized systems.
At AMBCrypto, Ishika applies this unique analytical lens to her work. She excels at breaking down intricate subjects—from the technicalities of new protocols to the nuances of global crypto legislation—into clear, accessible, and insightful content. Her primary mission is to bridge the gap between the complexity of the digital asset industry and the everyday reader, ensuring that AMBCrypto's audience is not just informed, but truly understands the forces shaping the future of finance.

Bitcoin tumbled to a six-month low of $95,919 in the early hours of Nov. 14, a move seemingly triggered by a $870 million net outflow from spot BTC ETFs the previous day. Market Impact and Liquidations In the early hours of Nov.

Fri, 14/11/2025 - 9:27

Bitcoin's three-day plunge to $97,000 triggered a $600 million realized-loss spike and midterm holder capitulation, yet Samson Mow believes the move is nothing more than a bear trap.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bitcoin has been in a slump over the last three days, losing about 10% of its market value as the main cryptocurrency fell from around $108,000 to about $97,000. The market went down fast, hitting key short-term levels and pushing out positions that had been untouched since October.

Samson Mow, the face of the ongoing $1 million Bitcoin debate, dismissed the whole decline with one comment, calling it an "obvious bear trap."

Glassnode recorded the largest realized-loss print of the quarter during the drop, when coins in the 3-6 month age band moved and roughly $600 million were lost within one hour. This cohort usually reflects holders who are not highly reactive, so seeing them exit in size signals that frayed nerves finally broke. 

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The Bitcoin price is behaving in a similar way. When it fell to $97,000, it was snapped up straight away by the spot markets once the forced liquidation waves had passed. Most of the pressure came from overextended positions rather than widespread distribution. 

CleanupDerivatives desks pointed to three concentration zones — around $101,000, $99,500 and $97,800 — where old longs were wiped out. Once those pockets were cleared, the tape no longer showed the aggressive follow-through that you would normally see with a deeper unwinding.

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When you put it all together, the mix of local capitulation, liquidation-driven flow and fast spot response makes it look like the move was more of a cleanup than a structural break.

That is the background behind Mow's comment, and it keeps the focus on how Bitcoin is doing around the $97,000 mark now that forced selling has passed.

Related articles

Crypto markets are going through a rough patch in recent weeks. Bitcoin has dropped below the crucial $100,000 level, touching its lowest point in six months and altcoins have also recorded heavy losses. 

Sentiment is tense and volatility is rising, but not everyone agrees that the industry is in a true bear market. 

Some point to the massive October 10 liquidation event, shrinking spot demand, and slowing stablecoin liquidity as signs of an extremely bearish phase. Others believe that this is still “the easiest bear market” they have ever seen. Here’s why. 

Analysts Say This Is Not a Real Bear MarketDragonfly Capital’s Managing Partner Haseeb Kerem says that the current market downturn is far from a true bear market. He notes that the industry has already endured far more severe stress, most notably in 2022, when major collapses hit one after another like Luna, 3AC, FTX, Genesis, BlockFi, Axie, and NFTs. 

Several banks collapsed, stablecoins lost their pegs, and regulators increased their oversight of the sector. He notes how the previous administration took an aggressive stance toward almost every major crypto company. 

TBH this is the easiest bear market I've ever seen.

Seems like most of you have forgotten what 2022 was like. Luna collapsing, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFTs–pretty much everything felt like a house of cards.

And then after all that stuff collapsed, the… https://t.co/DUwOZCBG3K

— Haseeb ＞|＜ (@hosseeb) November 14, 2025 Fundamentals Remain StrongHowever, today’s scenario looks very different. “Compared to that? This is breezy,” he says. Although prices have pulled back, he notes that the underlying fundamentals remain strong and the crypto ecosystem is “working”. 

Some users argue that the recent market events like the “largest liquidation event in crypto history,” revealed weaknesses in the market’s infrastructure and exposed how much liquidity is tied up in loops. 

Kerem disagrees, explaining that the event appeared large because crypto prices are much higher today and because reporting is more complete than in past years. 

Another user questioned why anyone would join a market where prices can crash 99% in a minute. Kerem notes that the crypto industry has already survived far more extreme situations than a few altcoins getting wiped out.

The End of Bear Phase?Adding to this perspective, Bitwise CEO Hunter Horsley says that the familiar “four-year cycle” no longer reflects how the crypto market actually works.

With the launch of Bitcoin ETFs and the arrival of the new Trump administration, the entire market structure has shifted, with new market players, new dynamics and reasons behind why people buy or sell crypto.

According to Horsley, crypto may have already been in a quiet bear phase for nearly six months now and almost through it. “The setup for crypto right now has never been stronger,” he says. 

He has also said that the current developments in crypto may be the most bullish the industry has seen in a decade.

Bitcoin is currently trading at $96,902, down over 6% in the past 24 hours. While the volatility remains high, the broader crypto market appears far more resilient than in past downturns.

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Lawrence Jengar
Nov 14, 2025 08:23

TRX price prediction points to $0.33 target within 4-6 weeks as TRON forecast shows bullish momentum building with MACD turning positive and key resistance at $0.30 in focus.

TRON (TRX) is showing signs of a potential bullish breakout as technical indicators align with recent analyst predictions pointing toward higher price targets. With the current price at $0.29, multiple forecasts suggest TRX could reach $0.33 within the next month, representing a potential 14% upside from current levels.

TRX Price Prediction Summary
• TRX short-term target (1 week): $0.303 (+4.5%)
• TRON medium-term forecast (1 month): $0.328-$0.33 range (+13-14%)
• Key level to break for bullish continuation: $0.30
• Critical support if bearish: $0.28

Recent TRON Price Predictions from Analysts
Recent TRX price prediction analysis from leading crypto analysts shows a cautiously optimistic outlook for TRON. DigitalCoinPrice issued the most ambitious TRON forecast, projecting a surge to $0.63 by late November, though this carries low confidence given the aggressive 115% increase required.

More realistic predictions from COINOTAG and Blockchain.News converge around the $0.30-$0.33 range. COINOTAG identifies key resistance levels at $0.303 and $0.328, with medium confidence that TRX can reach these levels based on rising On-Balance Volume (OBV) and improving RSI on lower timeframes. Blockchain.News supports a similar TRX price target of $0.33 within 4-6 weeks, citing bullish MACD momentum as the primary driver.

The analyst consensus suggests that while TRON faces near-term resistance, the technical setup favors gradual upward movement rather than explosive gains.

TRX Technical Analysis: Setting Up for Controlled Rally
TRON technical analysis reveals a coin positioned for potential upside despite recent consolidation. The current RSI reading of 44.00 places TRX in neutral territory, providing room for upward movement without entering overbought conditions. This neutral RSI supports the medium-term bullish case for higher prices.

The MACD histogram showing a positive 0.0018 reading indicates bullish momentum is building beneath the surface. While the MACD line itself remains negative at -0.0053, the histogram's positive turn suggests the momentum is shifting in favor of buyers. This technical development aligns with analyst predictions of a move toward $0.33.

Volume analysis from Binance shows $133.7 million in 24-hour trading, providing adequate liquidity for any potential breakout move. The Bollinger Bands positioning at 0.54 suggests TRX is trading slightly above the middle band, indicating balanced momentum without extreme positioning.

The moving average structure presents a mixed picture. While TRX trades at $0.29, matching both the 7-day and 20-day SMAs, the longer-term 50-day and 200-day averages at $0.31 represent overhead resistance that must be reclaimed for sustained upside.

TRON Price Targets: Bull and Bear Scenarios
Bullish Case for TRX
The primary TRX price prediction scenario targets $0.303 as the initial breakout level, representing the first significant resistance identified in recent analyst forecasts. A successful breach of this level would likely trigger momentum toward $0.328, the secondary resistance level highlighted by COINOTAG's analysis.

The ultimate bullish TRX price target sits at $0.33, supported by Blockchain.News's technical analysis. This level represents approximately 14% upside from current prices and would require TRX to break above the 50-day moving average resistance at $0.31. The positive MACD histogram provides the technical foundation for this move, while the neutral RSI offers room for momentum to build.

For this bullish TRON forecast to materialize, several conditions must align: trading volume needs to increase above current levels, the MACD line must turn positive, and most critically, TRX must break and hold above the immediate $0.30 resistance level.

Bearish Risk for TRON
The primary risk to bullish TRX price prediction scenarios lies in a breakdown below the $0.28 support level. This level coincides with both the lower Bollinger Band and represents a 3.4% decline from current prices. A break below $0.28 would invalidate the near-term bullish setup and potentially target the next support around $0.27.

The bearish case would be confirmed by a MACD histogram turning negative again, RSI breaking below 40, and trading volume remaining subdued. Given TRX's position near both short-term moving averages, any sustained selling pressure could quickly erode the technical foundation supporting higher price targets.

Should You Buy TRX Now? Entry Strategy
Based on current TRON technical analysis, a staged entry approach offers the best risk-reward profile. The immediate question of whether to buy or sell TRX depends on individual risk tolerance and time horizon.

For conservative buyers, waiting for a clear break above $0.303 provides confirmation of the bullish thesis while limiting downside risk. This approach sacrifices some upside potential but increases the probability of success based on recent analyst predictions.

Aggressive traders might consider accumulating TRX near current levels around $0.29, using the $0.28 support as a stop-loss level. This strategy offers maximum upside potential toward the $0.33 target while maintaining controlled risk.

Risk management remains crucial regardless of entry strategy. A stop-loss below $0.28 protects against significant downside, while profit-taking around $0.32-$0.33 aligns with analyst price targets and technical resistance levels.

TRX Price Prediction Conclusion
The TRX price prediction outlook favors cautious optimism over the next 4-6 weeks, with a medium confidence level in reaching the $0.33 target. The combination of neutral RSI, positive MACD histogram, and analyst consensus around $0.30-$0.33 resistance levels creates a favorable technical foundation.

Key indicators to watch include MACD line behavior, volume expansion on any breakout above $0.30, and RSI movement above 50. These confirmations would validate the bullish TRON forecast and support movement toward higher price targets.

The timeline for this TRX price prediction extends through December 2025, allowing sufficient time for the technical setup to develop. However, failure to break $0.30 resistance within the next two weeks would suggest the need to reassess the bullish thesis and consider more conservative targets.

Image source: Shutterstock

trx price analysis
trx price prediction

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The crypto market crash continues in November, with the global market cap dropping from $4.28 trillion to a 6-month low of $3.27 trillion in a month. Bitcoin and Ethereum prices have now tumbled 23% and 36% from their ATH. Traders are anticipating a deeper fall in altcoins as JPMorgan sees BTC support at $94,000.

The Crypto Market Fear & Greed Index has further slipped to extreme fear at 15 today. This indicates bearish sentiment among investors and potential for further drop in crypto prices.

Top and trending altcoins XRP, Binance Coin (BNB), Solana (SOL), Cardano (ADA), Zcash (ZEC), and AI coins tumbled 5-12% over the past 24 hours. Meme coins including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) further erased their earlier gains, with PEPE now down 80% year-to-date (YTD).

Crypto Market Crash on Macro Jitters
US President Donald Trump signed a bill to end the longest government shutdown after 43 days. However, the White House confirmed no release of CPI and jobs data for October.

Moreover, Fed officials, such as Neel Kashkari, warned of rising inflation amid the government shutdown. This raised economic concerns and markets trimmed bets on a Fed rate cut in December.

CME FedWatch tool now shows odds of another 25 bps Fed rate cut dip from 62.9% to 52.1%. This is in line with Fed Chair Jerome Powell’s hawkish stance that fueled crypto market crash concerns last month.

The US dollar index (DXY) dipped to 99 on Friday, a second consecutive weekly decline. Also, the 10-year Treasury yield stays near 4.1% after a sharp decline in prior sessions.

$4.7 Billion BTC and ETH Options Expiry
The $4.7 billion crypto options expiry today further worsened trading volumes and led to a deeper crypto market crash. More than 41K BTC options worth $4 billion in notional value will expire today on Deribit. The put-call ratio is 0.7 and the max pain price is at $105K.

In the latest 24 hours, put volume has exceeded call volume, with a put/call ratio of 1.10. This signals traders are hedging to offset losses, expecting BTC to fall below $95K.

Bitcoin Open Interest by Strike Price. Source: Deribit
Also, over 233K ETH options with a notional value of almost $738 million are set to expire today, with a put-call ratio of 0.68. The put volume has doubled in the last 24 hours, but is still low against more than 99K call volume. The put-call ratio is 0.91, confirming options trader sentiment leaning bearish.

Also, the max pain point is at $3,500, way above the current market price of $3,175. Traders are even opening puts targeting ETH price below $3,000 in the coming days.

Ethereum Open Interest by Strike Price. Source: Deribit
Bitcoin and Ethereum ETFs Outflow
Spot Bitcoin ETFs and Ethereum ETFs continue to record outflows. Institutions are likely rotating to Solana and XRP. Canary XRP ETF (XRPC) saw a record $59 million and $245 million in inflows on debut.

As per Farside Investors data, Bitcoin ETFs recorded a net outflow of $866.7 million. BlackRock’s IBIT and Grayscale Bitcoin Mini Trust ETF saw $256.6 million and $318.2 million in outflows amid bearish sentiment.

Meanwhile, others such as Fidelity, Bitwise, Invesco, Ark 21Shares, and GBTC also saw massive outflows. It indicates a massive decline in interest among institutional investors.

Spot BTC ETFs Outflows. Source: Farside Investors
Meanwhile, spot Ethereum ETFs saw $259.6 million in net outflows, the 3rd consecutive day of outflows. BlackRock’s ETHA led with $137.3 million. Shorting Ethereum remained a smart move as long as the broader crypto trend remains firmly downward. And, it looks like there is no urgency to step in. 

Crypto Market Crash as LTH and Whales Kept Profit Booking
As CoinGape reported, long-term holders (LTH) and whales were certain about BTC peak in October. Historically, BTC topped 12-18 months after a halving and the bull market peaked around 1,060-1,070 days, and the pattern held this year.

Coinglass data revealed over $1.1 billion in crypto liquidations, with 237K traders liquidated in the last 24 hours. The largest single liquidation order happened on crypto exchange HTX again. BTCUSDT valued at $44.29 million was sold in a single trade.

Notably, over $900 million long and $200 million short positions were liquidated. ETH, SOL, XRP, ZEC, DOGE, XPL, HYPE, BNB, PUMP, and ADA are among the altcoins witnessing the most liquidation.

The hourly crypto liquidations chart revealed $300 million in longs were liquidated a few hours ago, causing the crypto market crash.

Crypto Market Liquidations in 1-Hour Timeframe. Source: Coinglass
BTC price today fell more than 5% to 96,840 intraday low. Whereas ETH price tumbles 10% to a low of $3,112 and XRP corrects 8% to $2.28. The crypto market crash sees no signs of slowing as experts predict a further drop in crypto prices.

ZEC price dropped 4% to $485.20, correcting 40% from ATH after a massive 1000% parabolic run. Arthur Hayes claimed he will buy more at dips to target another leg up to $1,000.

10x Research says BTC latest drop left traders scrambling for explanations, yet the clues were visible weeks ago. Buyers who once supported every dip have suddenly vanished. “Since October 10, both our Ethereum and Bitcoin trend models have been firmly bearish, and that signal remains intact,” it added.

Ted Hisokawa
Nov 14, 2025 08:29

XLM price prediction shows potential recovery to $0.35-$0.40 range within 4 weeks as technical indicators signal oversold bounce from current $0.27 support level.

XLM Price Prediction Summary
• XLM short-term target (1 week): $0.30-$0.32 (+11-18%)
• Stellar medium-term forecast (1 month): $0.35-$0.40 range
• Key level to break for bullish continuation: $0.34 (immediate resistance)
• Critical support if bearish: $0.25 (Bollinger Band lower support)

Recent Stellar Price Predictions from Analysts
The latest XLM price prediction from multiple analysts shows surprising consensus around a recovery scenario despite recent bearish price action. DigitalCoinPrice's ambitious Stellar forecast targets $0.59 by month-end, representing a dramatic 119% surge from current levels. This prediction stands as the most bullish among recent analyst views, though their medium confidence rating suggests caution.

More conservative predictions align closer to technical realities. Blockchain.News projects a measured recovery to $0.35 within four weeks, while noting the potential for an extended rally to $0.62 if key resistance levels hold. Their XLM price target of $0.35 aligns with the 50-day moving average resistance at $0.33, providing technical validation for their forecast.

Brave New Coin's analyst @PROGWORX offers the most detailed Stellar technical analysis, identifying a multi-stage recovery structure. Their XLM price prediction focuses on consolidation near the critical $0.30 level before targeting the $0.38-$0.40 range. This prediction carries particular weight given its alignment with key exponential moving averages.

XLM Technical Analysis: Setting Up for Oversold Bounce
Current technical indicators paint a mixed but increasingly constructive picture for XLM price prediction scenarios. The RSI at 37.03 sits in neutral territory but approaches oversold conditions, historically providing bounce opportunities for Stellar. The MACD histogram at exactly 0.0000 represents a critical inflection point where bullish momentum could emerge.

Stellar's position within the Bollinger Bands proves particularly telling for price prediction analysis. Trading at the 0.17 position relative to the bands places XLM near the lower support at $0.25, creating a high-probability bounce setup. The narrow band width suggests volatility expansion ahead, supporting the case for significant price movement.

Volume analysis from Binance spot trading shows $29 million in daily turnover, indicating sustained institutional interest despite the recent 8.77% decline. This volume profile supports predictions for recovery rather than continued breakdown, as selling pressure appears to be absorbed at current levels.

Stellar Price Targets: Bull and Bear Scenarios
Bullish Case for XLM
The primary bullish XLM price target centers on reclaiming the immediate resistance at $0.34, which coincides with both the 50-day and 200-day moving averages. Breaking this level opens the path toward the consensus Stellar forecast range of $0.35-$0.40.

Technical confluence around $0.38-$0.40 creates a compelling XLM price prediction for medium-term upside. This zone represents the intersection of Fibonacci retracement levels and previous support-turned-resistance. Achieving these targets requires sustained accumulation near current EMA support levels and a broader crypto market recovery.

The most optimistic scenario envisions XLM testing the strong resistance at $0.41, representing a 52% gain from current levels. This Stellar forecast would require breakthrough momentum and likely coincide with positive fundamental developments in the Stellar ecosystem.

Bearish Risk for Stellar
Downside XLM price prediction scenarios focus on the critical $0.25 support level. A breakdown below this Bollinger Band support could trigger further selling toward the strong support at $0.16, representing a potential 41% decline from current levels.

The bearish case gains credibility if XLM fails to hold above the $0.27 pivot point on increased volume. Such a scenario would invalidate near-term bullish predictions and suggest extended consolidation or deeper correction phases.

Risk factors include broader crypto market weakness, regulatory concerns affecting the Stellar network, or failure to maintain key technical support levels during the current consolidation phase.

Should You Buy XLM Now? Entry Strategy
Current technical setup presents a calculated opportunity for XLM accumulation with defined risk parameters. The optimal entry strategy involves scaling into positions between $0.26-$0.28, utilizing the current oversold conditions and proximity to key support.

Risk management requires strict stop-loss placement below $0.24, representing a 11% maximum loss from the $0.27 entry point. This level provides sufficient buffer while protecting against breakdown scenarios that would invalidate the bullish Stellar forecast.

Position sizing should remain conservative given the medium confidence level across analyst predictions. A 2-3% portfolio allocation allows participation in the expected recovery while limiting downside exposure if the XLM price prediction fails to materialize.

XLM Price Prediction Conclusion
The technical and fundamental analysis supports a medium confidence XLM price prediction targeting $0.35-$0.40 within the next 4-6 weeks. This Stellar forecast aligns with multiple analyst views and finds support in oversold technical conditions.

Key indicators to monitor include RSI movement above 40, MACD histogram turning positive, and sustained trading above the $0.28 pivot point. Invalidation occurs on breaks below $0.25 support with increased volume.

The timeline for this prediction extends through December 2025, with initial confirmation expected within 1-2 weeks as XLM either bounces from current support or breaks down to test lower levels. Whether to buy or sell XLM depends largely on individual risk tolerance and the ability to withstand potential 10-15% drawdowns during the recovery process.

Image source: Shutterstock

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The debut of the Canary XRP ETF (XRPC) has become one of the most notable ETF launches of 2025, posting inflows and trading volumes that outperform several major crypto ETFs, including Solana and even some Bitcoin products. However, despite its blockbuster entry, XRP’s market price failed to sustain momentum, dropping sharply after the announcement.

XRP ETF Inflows Outshine Bitcoin and SolanaCanary Capital revealed that XRPC attracted a remarkable $245 million in net inflows on its first trading day. This figure surpassed the inflows of every existing spot Bitcoin ETF, including BlackRock’s IBIT, which recorded $111.7 million, and Bitwise’s BITB at $237.9 million.

The inflows also exceeded expectations set by CEO Steven McClurg, who had previously suggested that XRP demand could match or surpass interest in Solana ETFs. His prediction proved accurate, supported by XRP’s large market cap and deep liquidity.

Record-Breaking Trading VolumeAlongside the inflows, XRPC delivered an impressive $59 million in day-one trading volume, marking the highest first-day volume among more than 900 ETF launches in 2025.

Bloomberg ETF analyst James Seyffart confirmed that XRPC overtook the previous 2025 record held by the Bitwise Solana Staking ETF (BSOL), which saw $57 million. 

Bloomberg’s Eric Balchunas also spotted the surge early, noting XRPC had already crossed $26 million within the first 30 minutes, far above his initial estimate of $17 million.

Canary Capital’s CEO later clarified why volume figures appeared lower than inflows: in-kind creations do not show up in trading volume, explaining the gap between the $245 million in inflows and the $59 million in trades.

XRP Price Falls Despite the MilestoneIn a surprising twist, XRP’s price did not benefit from the ETF launch. Instead, it fell 8% in 24 hours, hitting a low of $2.28 before stabilizing near $2.30. Trading volume, however, jumped more than 40%, indicating strong market activity around the debut.

Meanwhile, XRP futures cooled, with total open interest dropping to $3.71 billion, including notable declines on CME and Binance.

Solana Declines as Market Turns LowerSolana also felt the impact of the broader market downturn. SOL dropped 8% to around $143.56, adding contrast to XRPC’s exceptional debut amid an overall bearish day in the crypto market.

On-chain analyst Ali Martinez highlighted a critical support zone for XRP around $2, suggesting that if selling pressure continues, buyers may attempt to regain control in this region. His view aligns with the broader sentiment that $2 is both a psychological and technical support level.

 If XRP holds above this zone, a rebound may follow. However, a confirmed breakdown below $2 could expose the token to deeper downside.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhy did XRP’s price fall after the Canary XRP ETF launch?

XRP fell because traders took profits after the ETF hype and broader market sentiment turned bearish, even though inflows and volume were strong.

How much money flowed into the new Canary XRP ETF (XRPC) on day one?

The XRPC ETF saw about $245 million in net inflows on its first day, making it one of the strongest crypto ETF launches of the year.

Does the strong XRPC ETF debut mean XRP will rise soon?

A price rebound isn’t guaranteed. XRP needs to hold key support near $2, and overall market conditions must improve before any sustained recovery.

How did XRPC’s trading volume compare to other crypto ETFs?

XRPC hit around $59 million in first-day trading volume, topping every other ETF debut this year and setting a new 2025 record.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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The launch of the first spot XRP ETF was expected to bring a strong boost to the market, but instead, XRP has slipped into another round of losses. The token fell more than 7% in a single day, dropping from the $2.50 zone and sliding toward $2.20 as broader market pressure continues to weigh down sentiment. 

For many holders, the big question is simple, why is XRP falling even after such a historic launch?

Unexpected XRP ETF DebutCrypto analyst Nick Crypto Crusader explained that the price drop has less to do with XRP and more to do with the overall market. Bitcoin is still selling off sharply, pulling down most altcoins with it. During such periods, even positive news struggles to lift prices.

Still, the debut of Canary Capital’s spot XRP ETF (XRPC) shocked many analysts. The fund opened with over $58 million in first-day trading volume, the strongest ETF launch of the year. 

Senior ETF analysts had expected around $17 million, yet that estimate was crushed within the first 30 minutes of trading.

Crusader noted that while the inflows were impressive, they remain small compared to XRP’s massive market cap. It will take far larger inflows to influence spot prices meaningfully.

Real ETF Buying Hasn’t Started YetAnother key point he highlighted is that ETF launches rarely show instant price reactions. Even Bitcoin dipped in January 2024 when its spot ETFs went live. The bigger moves came later, once institutional buying settled in.

Crusader also added that Canary Capital still needs a few days to purchase the XRP required to back the ETF. 

This means the real buying pressure from the fund hasn’t even started yet, something that could reduce supply once inflows scale up.

XRP Faces Major Breakdown WarningXRP tried to push higher above $2.50, but, much like Bitcoin and Ethereum, it couldn’t maintain the momentum. The price quickly reversed and fell below $2.30, dropping nearly 9% as the entire market turned red.

Meanwhile, trader ChartNerd noted that XRP recently broke down from a descending triangle, losing the $2.70 support in late October. This move pushed the token into the $2.00–$2.20 support zone.

For XRP to recover, it must break above $2.40. If it fails, the price could slide again, with key support levels at $1.80 and $1.50.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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On-chain data shows Bitcoin miner Binance deposits have been at elevated levels recently, a potential sign that this group is selling.

Bitcoin Miners Have Sent 71,000 BTC To Binance In November
As explained by an analyst in a CryptoQuant Quicktake post, November has seen the miners send a notable amount of Bitcoin to cryptocurrency exchange Binance. The on-chain metric of interest here is the “Miner to Exchange Flow,” which measures the total number of tokens that wallets connected to miners are sending to a given centralized exchange.

When the value of this metric is high, it means the chain validators are sending large amounts to the platform. Generally, miners transfer to an exchange when they want to sell, so this kind of trend can have a bearish impact on the BTC price.

On the other hand, the indicator being at a low level suggests miners aren’t making that many deposits to the exchange. Such a trend can be a sign that this cohort is choosing to hold BTC, which can naturally be bullish for the cryptocurrency.

Now, here is a chart that shows the trend in the Bitcoin Miner to Exchange Flow for Binance, the largest digital asset exchange by trading volume:

The value of the metric appears to have been high in recent days | Source: CryptoQuant
As displayed in the above graph, the Binance Bitcoin Miner to Exchange Flow has seen spikes of a significant scale in this month so far, particularly concentrated around the post-crash lows.

Given the timing, it’s possible that miners made the transactions to panic sell. In total, these chain validators have transferred 71,000 BTC to the exchange, worth more than $7 billion.

November’s inflows are only a continuation of the trend from October, when miners deposited a total of 200,000 BTC across the month. Miners are entities that need to regularly sell to pay off their running costs in the form of electricity bills, so some distribution from them is normal. The scale at which they have deposited to Binance recently, however, may be worth noting.

The inflows into Binance this month have coincided with a decline in the Bitcoin Hashrate, a measure of the total amount of computing power connected to the network by the miners. This metric may be considered as a gauge for the sentiment among the chain validators.

How the 7-day average value of the BTC Hashrate has changed over the last twelve months | Source: Blockchain.com
Bitcoin miners pushed the Hashrate to a new all-time high (ATH) in October, but the price decline that has followed since, as well as the fact that the network Difficulty has spiked, has forced miners to pull back on their upgrades.

BTC Price
Bitcoin has seen another setback during the past day as its price has retraced to the $101,300 level.

The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView
Featured image from Dall-E, Blockchain.com, CryptoQuant.com, chart from TradingView.com

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6 minutes ago

Aave argues that compliant, audited payment pathways are now critical for onboarding new users to decentralized finance.

43

Aave Labs became one of the first major decentralized finance (DeFi) projects to secure authorization under Europe’s new Markets in Crypto-Assets (MiCA) regulation, allowing the company to offer regulated stablecoin ramps across the European Economic Area (EEA).

The approval enables “Push,” Aave Labs’ fiat-to-crypto service, to let users convert between euros and crypto assets, including the Aave protocol’s native stablecoin, GHO. The Central Bank of Ireland granted the authorization to Push Virtual Assets Ireland Limited, a wholly-owned subsidiary of Aave Labs. 

The company selected Ireland for its European operations, signaling that the country is becoming a preferred hub for compliant onchain finance under MiCA. On June 25, the crypto exchange Kraken secured its MiCA authorization in Ireland, allowing it to expand its offerings across Europe. 

The move comes as global stablecoin supply surpassed $300 billion in 2025, signaling strong demand for fiat-pegged crypto assets. At the time of writing, CoinGecko data shows that the total stablecoin market cap across the crypto sector is at $312 billion.  

Top stablecoins by market capitalization. Source: CoinGeckoAave’s Push opens regulated access to GHO and other stablecoinsWith its MiCA approval secured, Push will offer regulated on and off-ramps to GHO and other stablecoins integrated in Aave’s product suite. 

According to Aave’s announcement, the conversion fees are set to zero, which is a competitive rate compared to the typical fee structure across legacy fintech providers and centralized exchanges (CEXs). 

However, while the protocol introduced the product as a “zero-fee” solution, it did not specify whether this fee structure was permanent or tied to an introductory period.

Aave Labs frames the product as a necessity and states that a compliant payment infrastructure is foundational to developers hoping to onboard mainstream users into DeFi. 

By providing a predictable, audited pathway between euros and crypto assets, Push could reduce one of the biggest frictions in DeFi adoption: the dependence on CEXs for fiat-to-crypto conversions. 

The ability for a DeFi-native organization to run a compliant fiat bridge represents a meaningful shift as the protocol supports tens of billions in stablecoin liquidity. 

According to DefiLlama, Aave processed a volume of $542 million in the last 24 hours alone. The data aggregator also showed that the total value of assets borrowed by users from Aave’s lending pools exceeds $22.8 billion.

Magazine: 2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more

Ethereum whales with wallets aged 3-10 years are selling at the fastest pace since 2021, accelerating the profit-realizing trend that started in August.

The Czech National Bank introduced its first Bitcoin Pilot Portfolio to assess the practical application of blockchain-based assets. The CNB wants real, hands-on experience with bitcoin, stablecoins, and tokenized deposits.
The goal of the Bitcoin Pilot Portfolio is not to generate profit but to enable continuous learning.

A Bold Test for the Future
The CNB invested $1 million to start this experiment. The money came from outside the bank’s international reserves. It means the project will not affect the Czech koruna or the bank’s ability to run monetary policy. The amount is small intentionally, as the bank wants to test rather than take risks.

The Czech National Bank has purchased digital assets for the first time in its history. 🌐

Through this USD 1 million investment, the CNB has created a test portfolio of digital assets based on blockchain. 🔗 In addition to bitcoin, the portfolio will include a test investment… pic.twitter.com/H6qj9HJHRw

— Česká národní banka (@CNB_cz) November 13, 2025

The Bank Board made this decision on October 30, 2025, after conducting an internal study on new asset classes. The study revealed that digital assets are becoming prevalent in the global finance sector. The CNB aims to be ready if these assets become integrated into mainstream finance.

What the Portfolio Includes
The Bitcoin Pilot Portfolio has three core parts:

Bitcoin.
A USD stablecoin.
A tokenized deposit on a blockchain.

Each asset operates differently. Bitcoin operates as a decentralized asset. A stablecoin tracks the value of the dollar. A tokenized deposit is traditional money, but in a digital format. By holding all three, the CNB can compare its strengths and risks.

The bank will pilot each procedure, including Key storage, Multi-level approvals, security systems, Crisis plans, and AML checks. They will also test Accounting rules and Auditing methods. The aim is to understand how these assets would work inside a real central bank.

A Vision for New Payment Systems
CNB Governor Aleš Michl stated that he first proposed the idea in early 2025. Initially, the main focus was on Bitcoin, but internal discussions expanded the project’s scope. The team has identified that payment, tokenization, and digital banking are gaining more significance.

Proud of the entire @CNB_cz team. Ten months of preparation and analysis, and we’ve delivered something that will truly help the Czech Republic—guided by a strong vision for the future.

It is realistic to expect that, in the future, it will be easy to use the koruna to buy… https://t.co/Cr5xpwpynW

— Aleš Michl (@MICHLiq_) November 13, 2025

Aleš said the koruna will stay the legal tender, but he expects significant changes in how people pay and invest. He believes a future where someone buys an espresso and a tokenized Czech bond in the same app is realistic. The CNB wants to prepare for that reality.

Introducing the CNB Lab
To support this effort, the bank also launched the CNB Lab. This new hub will test blockchain tools, AI systems, instant payments, and other emerging technologies. The goal is to build real skills inside the bank.

The central bank has launched a new project, the CNB Lab innovation hub, which is intended to oversee the testing of technologies and trends that may affect the functioning of the financial market and the conduct of monetary policy in the future. 🦾

What the CNB Lab covers ⬇️… pic.twitter.com/QWfY5ubi8X

— Česká národní banka (@CNB_cz) November 13, 2025

Conclusion
The Bitcoin Pilot Portfolio is a careful but forward-looking step. It assists the CNB in learning, innovating, and digitalizing the future. It demonstrates that the bank wants to invest in learning about new technologies.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

Copyright Altcoin Buzz Pte Ltd.

XRPC ETF Records Explosive First-Day SuccessCanary Capital’s newly launched XRP Exchange-Traded Fund (ETF), trading under the ticker XRPC, made a thunderous market debut, signaling a potential turning point for XRP’s mainstream investment narrative. 

According to Canary Capital, XRPC recorded over $58.5 million in trading volume and a staggering $245 million in net inflows on its first day of trading, a performance that places it among the strongest crypto ETF debuts in recent memory.

Notably, XRPC’s explosive debut, $26M in trading volume within 30 minutes, highlights surging demand for regulated, accessible crypto investment products. 

As institutional interest in digital assets grows, the XRP-focused ETF delivers a compliant, easily tradable avenue, attracting both retail and institutional investors eager for exposure.

Therefore, XRPC’s launch underscores strong liquidity, deep market interest, and growing investor confidence. With $58.5M in trading volume and $245M in net inflows, the ETF is attracting significant fresh capital, reflecting a mix of institutional positioning, long-term conviction, and short-term market momentum.

Analysts say XRPC’s early performance is bolstered by XRP’s broader macro narrative. As a leading digital asset with fast, low-cost cross-border utility, XRP benefits from growing regulatory clarity and rising institutional interest, making XRPC’s launch a timely milestone in its market evolution.

Source: NasdaqBy linking crypto markets with traditional finance, XRPC is poised to expand XRP’s reach. The ETF’s strong inflows underscore a growing trend: digital assets are becoming mainstream investment options. 

Crypto ETFs now offer both retail and institutional investors regulated, accessible exposure with diversification and minimal operational friction.

Therefore, XRPC’s debut sets a strong benchmark, with analysts eyeing liquidity, price stability, and inflow trends to assess long-term traction. Sustained performance could position Canary Capital’s XRP ETF as a leading crypto ETF and a driver of broader digital asset innovation.

ConclusionXRPC’s explosive debut, $58.5M in trading volume and $245M in net inflows, marks a milestone for XRP and crypto ETFs. 

By offering a regulated, accessible investment gateway, Canary Capital highlights XRP’s rising institutional appeal and mainstream adoption. Sustained momentum could see XRPC set the benchmark for digital asset funds, bridging traditional finance and the evolving crypto market with a trusted, high-liquidity vehicle for investors.

Ether strengthens against bitcoin, raising hopes of a bullish breakout. Nov 14, 2025, 8:29 a.m.

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

It's unusual to see ether ETH$3,207.68, the world’s second-largest cryptocurrency by market cap, showing relative strength against market leader bitcoin on a day when the market is under pressure.

STORY CONTINUES BELOW

Today is exactly that rare instance. While bitcoin BTC$96,924.77 has slipped over 2% on the day to around $97,200, ether remains largely steady near $3,230, per data source CoinDesk. This divergence has lifted the ether-to-bitcoin (ETH/BTC) ratio by more than 2%, signaling ether's outperformance.

With that in mind, here are three key charts worth keeping an eye on.

ETH/BTC ratio

ETH/BTC ratio's counter-trend consolidation. (TradingView)

The Binance-listed ratio is currently confined within a counter-trend downward channel, reflecting a pause following the sharp rally observed between May and August. The slope of this channel is relatively gentle, suggesting the price action is more of a consolidation phase rather than a full-fledged downtrend.

So, a breakout from this channel would confirm a renewed investor bias in favor of ether over bitcoin, suggesting further upside potential for the ETH/BTC ratio. Interestingly, the ratio’s MACD histogram appears poised to cross above zero, signaling a potential bullish shift in momentum.

Ether

ETH's daily chart in candlestick format. (TradingView)

Like the ether-bitcoin ratio, ether's dollar-denominated price is also moving in a counter-trend downward channel, with signs of seller exhaustion near $3,000, as evident from the long tails attached to the recent daily candles.

This suggests a potential for price bounce, although a clean breakout from the channel is needed to confirm a broader bullish outlook.

XRP/BTCA potential rally in ether, widely regarded as the leading altcoin, could spark rallies in other major tokens, particularly in the ratio between payments-focused XRP and bitcoin.

XRP/BTC's multi-year consolidation. (TradingView)

The ratio continues to coil in a four-year range, building momentum for a significant breakout. Should ether surge, this could act as a catalyst for a bullish resolution in the XRP/BTC ratio, potentially triggering notable gains.

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Presale Opens with Discount, Bonus & Pre-Staking APY

MiloGold today announced the Milo Gold Ownership Certificate (MGOC), a wallet-native vault receipt (NFT) that mirrors spot exposure to vaulted, insured gold and gold-backed stablecoins, alongside $MLGD, the platform’s utility/rewards token used across program utilities and, per policy, in swap/fee flows via the OzGold marketplace. Each $MLGD references 1/1,000,000 oz (micro-ounce) as the model unit and is reconciled to reserves through an always-on Proof-of-Reserve (PoR) framework (Merkle trees; zero-knowledge (ZK) enhancements on the roadmap).

“Gold has always stood for stability, we’re making it move,” said CEO of MiloGold. “MGOC preserves gold’s trust; $MLGD brings programmable utility, transparent reserves, and optional yield pathways.”

“Tokenized RWAs need verifiability and utility, not just wrappers,” said Hugh Ralph, Partner at Heracles Capital. “MiloGold’s always-on PoR and swap/exit design make gold both auditable and usable for modern portfolios.”

At-a-Glance (for investors)
What you buy: Milo Gold Ownership Certificate (MGOC) NFT at a discounted metal reference price, tracking live XAU exposure with on-chain PoR.

Why it matters: Converts passive gold into programmable, liquid positions with optional staking, lending, and leasing utilities.

How to verify: Public PoR dashboard (Merkle roots, reserve ratio, vault attestations) plus self-verify your wallet’s inclusion.

Investor One-Liner
MiloGold fixes the RWA pain points: “trust-me” reserves, static gold, day-1 dumps, and murky exits, via always-on PoR with LBMA-insured vaults and self-verify (ZK on roadmap), utility-funded optional rewards (not emissions), a 14-day no-unlock plus structured vesting, and a clear MGOC→$MLGD swap with published fees and SLAs.

Why Now (market context)
Colossal base, tiny on-chain slice. The above-ground stock of gold was ~216,265 tonnes at end-2024 (World Gold Council). At ~$4,174/oz in mid-Nov 2025, that implies ~$29T in value; meanwhile, tokenized gold stood at ~$3.86–$3.9B as of Oct 23, 2025, roughly ~0.01% of the total.

RWA tokenization is scaling. Credible forecasts for tokenized assets by 2030 range from ~$2T (McKinsey, base case) to $10T+ (Roland Berger), with scenarios reaching ~$18.9T by 2033 (BCG/Ripple). Projections, not guarantees, but the direction of travel is clear.

Why Gold?
Bonds offer thin yields, cash loses purchasing power, equities look stretched, and BTC is volatile. Gold is the time-tested hedge with deep global liquidity, transparent price discovery, and low correlation — powerful and stable, though historically slow-yielding.

If physical gold is powerful and stable but slow-yielding, tokenization keeps the metal’s trust while adding speed, access, and utility: wallet-native ownership with on-chain PoR you can self-verify, 24/7 global liquidity and fractional micro-ounce access, and programmable use (move, stake, collateralize, lease) that enables optional, variable (not guaranteed) yield paths. The market is still tiny relative to total gold, we are in the infrastructure phase, not the hype phase, with transparency and settlement measured in seconds, not T+2.

Why Milo Gold?
MiloGold brings both worlds together: metal-grade trust with DeFi-grade utility, and hardwired investor protections, directly addressing RWA pain points: opaque reserves, static gold, day-1 sell pressure, and unclear exits.

Verify, don’t guess: Always-on PoR (Merkle plus self-verify), LBMA-insured vaults; ZK proofs on the roadmap. 50% of every new investment is automatically allocated to the PoR reserve (ring-fenced, non-operational).

Reward design (post-listing): ~4–8% variable; fixed 90/180/360-day tiers up to ~24–28%, with a performance bonus during strong reserve growth. Potential combined pathways up to ~36% in certain scenarios when using multiple MiloGold utilities. All variable and not guaranteed, funded by fees, lending/lease spreads, and reserve yield — not new token printing.

Listing discipline: No investor unlocks for 14 days; structured vesting thereafter; TGE cap and a ~2-month project-sale pause beyond the initial ~300M liquidity to support orderly price discovery. Community and Utility rewards pacing: Rewards unlock by each buyer’s purchase date, creating staggered emissions that help reduce abrupt sell pressure.

Clear exits and transparency: Documented MGOC→$MLGD swap in OzGold, then trade $MLGD on supported venues; published fee table and SLAs.

Built to scale: BNB (tokens) plus Solana (NFTs); independent audits (CertiK, Hexens); multi-sig treasury; unified Investor Dashboard (KYC, PoR, vesting); DMCC-based with a VARA-aligned compliance roadmap.

Presale Snapshot
Benefits: Up to 10% discount, 5% purchase bonus, and up to 20% pre-staking APY (simple, non-compounded; variable).

Pricing: Contributions pegged to live XAU/USD and converted programmatically.

Structure: 13 stages with step-down incentives; KYC/AML onboarding supported.

Accepted assets: BNB, ETH, BTC, SOL, USDT, USDC.

Access: app.milogold.com (MetaMask, Trust Wallet, Phantom, Ledger).

How to Participate (7 steps)

Register and KYC: Create your account and complete AML/FATF-aligned KYC.
Choose network and asset: Select BNB, ETH, USDT, BTC, SOL, USDC.
Enter amount: The app shows live XAU/USD and your gold ounces.
Review discount and bonus: Stage discount and 5% bonus apply automatically.
Approve and pay: Confirm the transaction in your wallet.
Receive your NFT: Your MiloGold Ownership Certificate (MGOC) will be visible in your dashboard immediately. On-chain wallet delivery (MGOC NFT mint to your address) goes live in Q1 2026.
(Optional) Register for staking: Register your MGOC in the dashboard to enable accrual tracking.

Safety, Trust and Compliance
Jurisdiction: Operates from Dubai’s DMCC Free Zone, a leading hub for gold trading and blockchain innovation.

Regulatory alignment: FATF-aligned AML/KYC onboarding; active engagement with Dubai’s VARA on licensing.

Security: Independent smart-contract audits (CertiK, Hexens), continuous monitoring, and a responsible-disclosure policy.

Custody: LBMA-compliant, fully insured vaults (Dubai/EU) with periodic third-party attestations.

Backing: Seed investment from Heracles Capital.

Safety of Funds and Proof-of-Reserve (PoR)
50% automatic to PoR: Half of every new investment is automatically allocated to the PoR reserve (ring-fenced, non-operational, not accessible by the team).

On-chain verification: Published Merkle roots with a self-verify tool so holders can check inclusion themselves; ZK coverage proofs on the roadmap for privacy-preserving attestations.

How to verify: Open the PoR dashboard → check the latest Merkle root → connect your wallet to self-verify inclusion → review vault attestations, audit IDs, and treasury addresses.

Product and Utilities (phased rollout)
Gold Trade App (Phased): Buy and sell gold-referenced units with live XAU conversion.

Public Token Staking (Post-listing): Flexible ~4–8% or fixed 90/180/360-day targets ~18% / 20% / 24% plus performance (variable; not guaranteed).

Gold Staking (NFT) (Roadmap): Stake MGOC for dynamic yields aligned with reserve performance (variable; not guaranteed).

Gold Lending (Phased): Borrow against MGOC NFTs (target LTV bands published in-app).

Gold Leasing (Phased): Lease gold-backed NFTs; lease spreads help fund rewards and PoR.

OzGold Marketplace (Target early 2026): Trade MGOC and fractional lots; $MLGD used per policy in swap/fee flows.

$MLGD Utilities (Ongoing): Fees, premium features, liquidity programs; future governance.

What’s Coming (near-term)
 PoR Dashboard (public): Merkle view plus self-verify; ZK proofs on roadmap.

Vaulting and Attestations: Publish LBMA custody and insurance with third-party attestations.

Security and Audits: Independent audits (for example CertiK, Hexens) plus continuous monitoring.

Listings and Utilities: TGE to $MLGD staking, Gold Lending, Gold Leasing (phased).

Investor Portal: Real-time positions, vesting and unlocks, fee transparency, PoR quick-verify.

Vesting, Unlocks and Listing-Day Assurance (streamlined)
TGE cap: Up to ~564M MLGD unlocked from the 2.13B initial TGE allocation (~26.48% of TGE; ~5.64% of 10B max), balancing liquidity and price stability.

Circulating at listing: ~564M (includes liquidity). Breakdown: ~300M for DEX/CEX/NFT liquidity plus ~264M across other TGE categories. Project-sale policy: beyond the ~300M liquidity, the project will not sell additional tokens for ~2 months post-listing.

Listing-day protections and investor vesting: No investor unlocks for the first 14 days, then ~20% at TGE+14d, followed by ~20% every ~60 days (~254 days total).

Listing, Liquidity and PoR allocation: After its initial TGE portion, this bucket releases ~10% monthly.

Team and Founders / VC: 6-month cliff, then 10% every 3 months.

Community and Utility rewards pacing: Rewards unlock by each buyer’s purchase date, creating staggered emissions that help reduce abrupt sell pressure.

Float dynamics: Day 0 float ~564M, of which ~300M is ring-fenced for liquidity provisioning (DEX/CEX plus NFT marketplace). Day 14, first investor tranche unlocks; operational categories vest on monthly or bi-monthly schedules.

Post-listing staking locks: Flexible or fixed 90/180/360-day options.

Presale Profit Simulation (Short, Illustrative)
Assumptions: Gold at $4,000/oz; invest $500; 10% presale discount; 5% bonus; 20% pre-stake for 120 days; reference $0.004/MLGD; example $MLGD = $1; spot at unlock $4,500/oz.

Metal exposure: $500 → 0.125 oz; with 10% discount applied = 0.1389 oz (≈ $555.56).

Tokens at listing: Bonus 6,250 plus pre-stake ~9,259 → ~15,509 MLGD.

First unlock (20%): ~3,102 MLGD → ~$3,102 (assuming $1/MLGD).

MGOC at $4,500/oz: 0.1389 oz × $4,500 ≈ $625.

First-realized snapshot (if MGOC NFT sold): $3,102 + $625 ≈ $3,727 (fees and slippage excluded).

Full realization (all tokens plus MGOC NFT): ~$16,134.

Illustrative only: Prices, APYs, unlock timing, liquidity, and market conditions are variable and not guaranteed.

Multi-Chain Architecture
Core networks: BNB Smart Chain (tokens) and Solana (NFTs).

On the roadmap: Bridges and support for Ethereum and Base.

About MiloGold
MiloGold ($MLGD) is a next-generation digital asset protocol that tokenizes vaulted, insured physical gold and gold-backed stablecoins into programmable, verifiably collateralized on-chain assets, backed by LBMA-standard, fully insured vaults and an always-on Proof-of-Reserve (Merkle self-verify plus third-party attestations). It bridges gold’s centuries-old trust with DeFi’s 24/7 liquidity, transparency, and composability, unlocking optional, market-driven yield paths. MGOC ownership NFTs map to specific lots that can be traded, staked, collateralized, or leased. Tokens live on BNB Chain with NFTs on Solana, and the roadmap includes multi-chain expansion. Seed-backed by Heracles Capital, and based in Dubai (DMCC Free Zone).

Website: https://milogold.com/

Press Office, MiloGold • [email protected]

Important Information
This release contains forward-looking statements (for example audits, licensing, utilities, yields, timelines); actual results may differ materially. Nothing herein constitutes investment, legal, or tax advice, nor an offer to sell or a solicitation to buy any security or digital asset. Participation may be limited by jurisdiction and subject to KYC/AML and other eligibility checks. Digital assets are volatile; you could lose all or a substantial portion of your participation. Rewards and returns are variable and not guaranteed; any figures or examples are illustrative only. Audits and security reviews reduce but do not eliminate risk; smart contracts and networks can fail. Proof-of-Reserve and vault or insurance references rely on third-party attestations and policy terms and do not eliminate risk. Access to features (staking, lending, leasing, swaps, listings) is subject to platform rules, regulatory requirements, and timelines and may change without notice. Please read the Whitepaper, Risk Factors, and Presale Terms and consult your own advisors before participating.

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

November 14, 2025 01:30 ET

 | Source:

BW Offshore

BW Offshore launches BW Elara - floating desalination solutions powered by BW Water technology

BW Offshore and BW Group have established a 50/50 joint venture entity (JV), BW Elara, to design and build Floating Desalination Units (FDUs), producing fresh water from salt water to address growing global water constraints. The FDUs will combine BW Offshore’s experience from developing over 40 floating production units with BW Water’s 35-year desalination expertise to offer a rapidly deployable fresh water solution.

BW Offshore will oversee the overall FDU project execution, including hull design and construction, and system integration, and will co-invest alongside a company affiliated with BW Group; and BW Water will design and build the desalination plant using its custom-engineered reverse osmosis systems.

Access to fresh water is an emerging global challenge. While permanent infrastructure remains the typical long-term solution, there is a widening gap between immediate water requirements and availability in many areas. This challenge is particularly acute in mid-size municipal and industrial settings, where existing emergency water supply options such as containerised units are insufficient to meet demand, while large onshore desalination plants take too long to address urgent needs.

Developed over the last two years on proven technology, the FDU concept offers a flexible and scalable solution to bridge that gap. A ready-built FDU can be deployed and fully operational within as little as three months from contract signing. The modular unit can supply 20 to 40 million litres of drinking water per day. It is ideal for urgent deployment in response to droughts, delays in land-based desalination projects and temporary industrial demand spikes. The JV sees clear market potential underpinning our intention to develop and operate a multi-regional fleet over time.

“The formation of BW Elara is testament to the wide-ranging capabilities of the BW network, leveraging synergies between our affiliates. This partnership combines BW Offshore’s capabilities with BW Water’s desalination expertise to address the world’s growing fresh water demand”, says Andreas Sohmen-Pao, Chairman of BW Group.

“Applying our extensive offshore engineering and operations expertise to developing new floating transition solutions is a strategic focus area for BW Offshore. Together with BW Water, we will tackle this challenge with innovative solutions, and thereby seek to deliver long-term value,” says Marco Beenen, CEO of BW Offshore.  

“Floating Desalination Units fill a critical gap between emergency relief and long-term infrastructure investments in today’s market for water desalination solutions,” says Matthew White, Executive Chairman of BW Water. “We combine an efficient modular design with a proprietary seawater intake system and a flexible service supply model. Our solution has generated strong interest from potential clients globally in both municipal and industrial sectors.”

For more information, please visit [www.bwelara.com]

-end-

About BW Offshore

BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs and floating wind solutions. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets worldwide. BW Offshore has around 900 employees and is publicly listed on the Oslo stock exchange. bwoffshore.com

About BW Group

BW Group is a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in wind, batteries, and water treatment. bw-group.com

About BW Water

BW Water is a leading global provider of full-service water and wastewater solutions and part of the BW Group. The company has developed over 200 municipal and industrial installations worldwide. BW Water has around 300 employees and operates across eight locations globally, with its headquarters in Singapore and regional hubs in Florida, USA, and Stuttgart, Germany, supporting operations in the Americas and EMEA regions, respectively. bw-water.com

For media enquiries, please contact:

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

The jeweler and watchmaker's sales for climbed 14% from the same period a year earlier.

Net profit rose to $4 billion for the first nine months of the year, compared with $2.2 billion for the same prior-year period, when it took a hit from an increase in U.S. liability reserves.

NEW YORK, NY / ACCESS Newswire / November 14, 2025 / Most technologies disrupt a single sector. A rare few create an entirely new layer that industries plug into.

Reykjavík, Nov. 14, 2025 (GLOBE NEWSWIRE) -- ("Amaroq" or the "Company")

Q3 2025 Financial Results

Growing revenues and restart of operations

TORONTO, ONTARIO – 14 November 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, is pleased to announce its Q3 2025 Financial Results. All dollar amounts are expressed in Canadian dollars unless otherwise noted.

A remote presentation for analysts and investors will be held later today at 09:00am GMT, details of which can be found further down in this announcement.

Eldur Olafsson, CEO of Amaroq, commented:

"As we approach the end of 2025, I would like to acknowledge the significant process made in commissioning Nalunaq over this past year since our First Gold Pour in November 2024. I am immensely proud of the work delivered by our team, commissioning crews and contractors. In October 2025, ahead of the planned shut-down of operations, gold production had already reached approximately 5,000 oz, in line with our revised 2025 production guidance. With the shutdown period now complete, and following the restart of operations, we now expect 2025 full year gold production to be 6,000 to 7,000 oz.

“During the period, we invested in the one-off transition to a fully owner-operated mining setup at Nalunaq, and we have appointed a highly talented team to lead mining and processing operations; which I am happy to say have managed a seamless handover from the contractors and successfully delivered the planned shutdown, on time and on budget. With completion of Phase 1 works and all critical path items for the delivery of Phase 2, on schedule to be in place during Q1 2026 on an estimated cost-to-complete of C$6.5 million, we are now focused on reaching milling capacity by the end of the year, to ensure we can maximise gold production and cash-flows in 2026.

“Outside of our gold mining operations, we have also been driving forward our strategic minerals portfolio, with the discovery of conventional rare earth elements within our Nunarsuit licence area, as well as very exciting copper-gold discoveries within close proximity to our Nalunaq mine. Significantly, in November 2025 we were also very pleased to announce the results of the re-assays from the Black Angel mine, which not only confirmed the high grade zinc, lead and silver resource but also identified potentially commercial levels of germanium and gallium; both of which are categorised critical minerals and will add a very interesting commercial and strategic angle to the re-start of the Black Angel mine.

“As we look to the rest of the year, we are entering the final capex period for Nalunaq, with clear visibility now on completion of all construction and commissioning of the mine by Q2 2026. Before the year end, we are expecting to receive the results from the key 2025 gold exploration programme across the Nanoq and Nalunaq resource upside projects. Amaroq is in a strong position as we head towards 2026 with a robust financial outlook from production operations and a project pipeline which will deliver value enhancing opportunities across the decade, funded by positive cash flow from Nalunaq.”

Q3 2025 Financial and Corporate Highlights

Total revenue of $12.8 million (2024: $0m) from total gold sales of 2,636 ounces. In the first three quarters, the Company produced 4,347 ounces and sold 3,360 ounces of gold for gross proceeds of $16.3 million.Gross profit of $5.9 million and Operating loss of $3.8 million, after taking into account G&A and exploration and evaluation expenses – mainly attributable to the Nanoq exploration campaign.Amaroq group liquidity of $45.4 million at period end, consisting of cash balances of $55.3 million, an undrawn revolving credit facility of $8.9 million less trade payables of $18.8 million ($75.0 million as at 30 June 2025).On 1 July 2025, Amaroq commenced trading on the OTCQX, enabling higher transparency and trading opportunities for investors in the U.S. Q3 2025 Operational Highlights

Q3 2025 gold production of 3,536 oz. Gold produced in the nine months to the end of September 2025 was 4,347 oz.As announced on 7 October 2025, production increased further post quarter end, reaching this year’s production target of approximately 5,000 oz.During Q3 2025, commissioning of the processing plant and ramp-up of mining operations at Nalunaq continued to deliver steady improvements and the Company remains on track to achieve nameplate throughput of 300 t/d by year-end 2025.Throughout the quarter, the Company progressed with the installation of numerous key items and infrastructure at Nalunaq, including the tailings filter structure, slurry tanks and filter press, fresh & process water tanks, flocculant skid, plant air compressors, plant piping to design, control room structure, permanent electrical trays, cables and connections and instrumentation and control systems.On 1 October 2025, Amaroq transitioned to an owner-operated mining model, enabling improved operational efficiency and cost control. A transitional cooperation with the mining contractor will continue beyond 1 October 2025. In addition, Nalunaq has entered into a partnership with a Canadian equipment supplier to invest in its own mining fleet. Q3 2025 Portfolio Highlights

At Nalunaq, four of the planned seven surface drillholes targeting the South Block Deeps were completed before the programme was paused until later in the year. All core was logged, sampled, and submitted for chemical assay. Underground drilling also recommenced with the deployment of a new drill rig under a hire-purchase agreement. This drilling is providing grade control and resource definition data to support short- to medium-term mine planning.At Nanoq, core drilling commenced in early August 2025 utilising three Company-owned rigs. The campaign was completed on 24 September 2025, with a total of 4,806.9 metres drilled. By the end of the reporting period, approximately 60% of the core had been logged and sampled. Preparations for winterisation and equipment storage at site were also finalised.Fieldwork on the Stendalen Cu-Ni target was conducted from the Nanoq exploration base. This programme followed on from the 2024 drilling and geophysical studies, with the objective of improving geological understanding and defining controls to mineralisation in advance of potential follow-up drilling in 2026.Strategic exploration also advanced across Amaroq’s wider licence portfolio. The final programme of the season comprised a short reconnaissance campaign over the Minturn IOCG (Iron-Oxide-Copper-Gold) target in Northern Greenland.Following the announcement of the Black Angel and Kangerluarsuk licence acquisitions, and during the process of finalising these, Amaroq undertook a series of reconnaissance site visits and commenced re-assaying of selected historical bulk samples. These activities, combined with the ongoing collation and review of historical datasets, will form the basis for detailed forward-looking exploration and development plans for both assets.The majority of the assay results from these programmes are expected through Q4 2025. Post Period Highlights

On 17 October 2025, Amaroq announced the launch of Single Mine Origin gold sales from its Nalunaq mine in Greenland, making fully traceable, responsibly sourced gold available exclusively to Greenlandic residents.On 21 October 2025, Amaroq announced the simplification and streamlining of its securities under a single ISIN, with Icelandic Depositary Receipts (IDRs) being converted into Depositary Interests (DIs) to unify cross-border settlement and administration while maintaining trading continuity on Nasdaq Iceland.On 28 October 2025, the Company announced multiple new high-grade gold discoveries across Greenland, from Vagar, Anoritooq, Ippatit, Tartoq and Grænseland, including samples grading up to 38.7 g/t Au.On 4 November 2025, the Company announced the initial identification of conventional rare earth element bearing mineralisation within its Nunarsuit mineral licence area in South Greenland.On 11 November 2025, Amaroq announced results from re-assayed bulk samples from the Black Angel mine, as well as the fulfilment of all conditions precedent (“CPs”) in relation to the previously announced acquisition of the Black Angel mine. The re-assayed bulk sample material from within the Black Angel deposit confirms the high-grade nature of the mineralisation, averaging 24.6% zinc, 28.1% lead and 295 g/t silver. Commercial levels of germanium (44 ppm) and gallium (21 ppm) were also identified; adding significant value to the future project from these critical minerals, both of which are on the EU and US Government critical mineral list. The West Greenland Hub will be 100% owned by Amaroq, separate from the Gardaq JV (Amaroq 51%), which will continue to focus on early-stage exploration activities. The Company also confirmed that Black Angel will be advanced as a standalone mining development project and new hub for the Company.Planned shutdown for commissioning activities commenced in October 2025 and were completed on 14 November 2025 in line with expectations. Following the shutdown, completion of Phase 1 works and all critical path items for the delivery of Phase 2 are on schedule to be in place during Q1 2026. Outlook

The Phase 2 construction at Nalunaq will take place inside the plant and is anticipated to continue until the end of Q1 2026, allowing the commissioning of the flotation circuit immediately thereafter.With the shutdown period now complete, and following the restart of operations, management expects 2025 full year gold production to be 6,000 to 7,000 oz. Financial Results

Period ended Sept 30, 2025 Nine
months Nine
months  2025 2024  $ $Financial Results    Revenue 16,283,686 -Cost of Sale (10,502,065) -Selling, refining and royalty costs (478,710) -Gross Profit 5,302,911  -Exploration and evaluation expenses (6,267,637) (5,172,947)General and administrative expenses (13,726,577) (11,831,157)Loss on disposal of capital assets (253,269) (149,917)Gain on lease modification 55,323 -Foreign exchange gain (loss) 724,449 1,475,432Interest income 474,626 943,023Gardaq project management fees 1,875,843 1,823,286Share of net losses of joint arrangement (1,755,518) (6,698,550)Loss on liability derecognition (307,263) -Unrealised gain (loss) on derivative liability - 1,636,567Finance costs (1,482,192) (27,449)Net loss and comprehensive loss (15,359,304)  (18,001,712)Basic and diluted loss per share (0.037) (0.057) Financial Position

 As at September 30, 2025December 31, 2024 $$Financial Position  Cash55,314,70945,193,670Inventory17,977,92210,182,744Investment in equity-accounted joint arrangement13,146,79514,902,313Total assets339,032,279255,976,986Total current liabilities61,593,66446,973,753Total non-current liabilities8,241,9377,845,657Shareholders’ equity269,196,678201,157,576Working capital (before convertible notes liability and loan payable)76,906,56347,525,515Working capital (loan payable included)34,320,24218,903,783Gold business liquidity45,396,16050,860,477 New Lease Agreement with Klettar Investments ehf. and Related Party Transaction

The Company further announces that on 14 November 2025, it has entered into a new lease agreement with Klettar Investments ehf. (“Klettar”) for the rental of its office premises at Fríkirkjuvegur 3, 101 Reykjavík (the “Agreement”).

The Agreement is a continuation of the rental relationship previously established between the parties. The premises accommodate Amaroq’s expanding Icelandic team and support the Company’s continued growth in operational, administrative, and corporate functions.

Klettar is a related party of Amaroq as it is a company controlled by Sigurbjorn Thorkelsson, Non-Executive Director. The Agreement is for an indefinite period effective from 1 September 2025. The Company will pay a monthly rent of 2,000,000 ISK, to be adjusted in accordance with changes in the consumer price index as published monthly by Statistics Iceland (Hagstofa Íslands).

The Agreement constitutes a related party transaction for the purposes of the AIM Rules for Companies. The Independent Directors, being the Amaroq Directors other than Sigurbjorn Thorkelsson, having consulted with the Company’s Nominated Adviser, consider the terms of the Agreement to be fair and reasonable insofar as the Company's shareholders are concerned.

Details of conference call

A conference call for analysts and investors will be held this morning at 09:00am GMT, including a management presentation and Q&A session.

To register via the webcast link, please use the following link: https://edge.media-server.com/mmc/p/ke4j7cd9

To register via the conference call, please use the following link: https://register-conf.media-server.com/register/BI3fa04dcd1a854a66ac37890d9a0545c6
Instructions for conference call registration:

Click on the call link and complete the online registration form.Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.Select a method for joining the call:Dial-In: A dial in number and unique PIN are displayed to connect directly from your phone.Call Me: Enter your phone number and click “Call Me” for an immediate callback from the system. The call will come from a US number. Enquiries:
Amaroq Ltd. C/O
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385 755711
[email protected]

Eddie Wyvill, Corporate Development
+44 (0)7713 126727
[email protected]

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980

Further Information:

About Amaroq

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Glossary

Augoldggramsg/tgrams per tonnekmkilometreskozthousand ouncesmmetersMRE3Mineral Resource Estimate 2022MRE4Mineral Resource Estimate 2024ozouncesttonnest/dTonnes per dayt/m3tonne per cubic meterUSD/ozAuUS Dollar per ounce of gold Inside Information
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse ("EU MAR").

Qualified Person Statement
The technical information presented in this press release has been approved by James Gilbertson CGeol, VP Exploration for Amaroq Minerals and a Chartered Geologist with the Geological Society of London, and as such a Qualified Person as defined by NI 43-101.

Amaroq Unaudited Condensed Interim Consolidated Financial Statements