Market Signal Briefing

The stablecoin issuer is likely feeling the impact of a broader cryptocurrency wash-out.

Shares of Circle Internet Group (CRCL +6.57%) fell 12.9% this week, according to data from S&P Global Market Intelligence. The stablecoin issuer keeps falling to new lows, breaking briefly below its opening day price after its initial public offering (IPO) earlier this year. A wider wash-out in the cryptocurrency market and a falling Bitcoin price are likely bringing down Circle Internet stock.

Last week, Circle Internet Group released its third-quarter earnings, showing impressive growth and improving profitability. Does that make the stock a buy on this recent price dip?

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Sliding Bitcoin, getting profitable
When Bitcoin falls, it tends to bring down anything related to cryptocurrencies along with it. This week has been one of the worst for the flagship cryptocurrency in a long while, with the price of Bitcoin in US dollars down 20% in the last month as of this writing on November 21st, 2025. It is currently trading at a price of $85,000.

Sentiment around cryptocurrency is turning negative. While Circle Internet Group technically operates in the cryptocurrency sector, it should be insulated from any fallout of a declining Bitcoin price. It is what's known as a stablecoin issuer, with its USDC currency that is pegged one-to-one with the U.S. dollar. People can exchange their dollars for USDC, which the company is trying to increase in popularity for payments and personal finance applications.

Last quarter, USDC in circulation grew a whopping 108% year-over-year to $73.7 billion. Circle Internet Group makes money similarly to a bank, taking the dollars on its balance sheet and investing in interest-earning assets like U.S. Treasury bonds. Last quarter, its revenue less distribution costs grew 55% to $292 million. The company is now profitable, with $153 million in net income just last quarter.

Image source: Getty Images.

Is Circle Internet stock a buy?
Stablecoins -- and cryptocurrencies in general -- are a risky sector to invest in, given the uncertainties around regulation, especially in the United States. The current U.S. government is pro-cryptocurrencies, but that is not guaranteed to stay the case over the long term.

With that being said, Circle Internet Group looks like a potentially cheap stock for those bullish on the growth of stablecoins. Annualizing its net income, the company has over $600 million in potential earnings power with revenue also growing above 50% year-over-year. The stock trades at a market cap of just $17 billion, which would be a price-to-earnings ratio (P/E) of 28 compared to $600 million in net income. That is a cheap price for a company growing revenue (and its underlying earnings power) at 55% year-over-year.

Mitie Group plc (OTCPK:MITFY) Q2 2026 Earnings Call November 20, 2025 4:30 AM EST

Company Participants

Phillip Bentley - CEO & Executive Director
Simon Kirkpatrick - CFO & Executive Director
Mark Caskey - Managing Director of Mitie Projects
Jason Towse - Managing Director of Business Services
Kevin Tyrrell - Chief Sales Officer

Conference Call Participants

Alex Smith - Joh. Berenberg, Gossler & Co. KG, Research Division
Samuel Dindol - Stifel, Nicolaus & Company, Incorporated, Research Division
Tom Callan - Investec Bank plc, Research Division
James Beard - Deutsche Bank AG, Research Division
Christopher Bamberry - Peel Hunt LLP, Research Division

Presentation

Phillip Bentley
CEO & Executive Director

Good morning, everyone, and welcome to Mitie's interim results presentation for the 6 months ended 30th of September 2025, H1 FY '26 as we call it, which as usual, we are broadcasting live here from The Shard We're also joined today by Chris Rogers, Mitie's new Chairman. Welcome, Chris. And I also welcome Sam White. Sam White is our long-awaited and much welcome Managing Director of Technical Services division, who joins us from Costain on the 1st of December. So thank you, Sam, for slipping off quietly here. Now it's just over 2 years ago since our Capital Markets event that we held here, where we launched the Mitieverse, if you remember, in our facilities transformation vision. And we've now reached the halfway mark in delivering our FY '25 to FY '27 3-year plan.

As a reminder, our business model set out to leverage our scale, our technology and our capabilities to unlock the value of our customers' estates through facilities management, facilities transformation and with the recent acquisition of Marlowe Facilities Compliance. And as we say, to become the future of high-performing buildings and places. So -- and at this stage, I'm pleased to say that the business is on track and momentum is growing. Encouragingly, we have maintained double-digit revenue

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NEW YORK--(BUSINESS WIRE)--Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) (“Allied” or the “Company”), a global experiential entertainment and gaming company, today provided an update regarding its litigation against Knighted Pastures LLC (“Knighted”), Mr. Roy Choi, his mother Ms. Naomi Choi, and Ms. Yiu-Ting So, a long-time business associate of Mr. Choi (Knighted and Mr. Choi, the “Knighted Parties”, and the Knighted Parties, together with Ms. Choi and Ms. So, the “Knighted Group”). On.

Board acts to protect and maximize value for shareholders CENTENNIAL, CO / ACCESS Newswire / November 21, 2025 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (Nasdaq:NB), a leading U.S. critical minerals developer, announced today that its board of directors (the "Board") has adopted a limited-duration shareholder rights plan (the "Plan") effective immediately.

SAN DIEGO, Nov. 21, 2025 (GLOBE NEWSWIRE) --

The company: Firefly Aerospace Inc. (NASDAQ: FLY) operates as a space and defense technology company and purports to “provid[e] mission solutions for national security, government, and commercial customers with an established track record for success.”

What is the class period? August 7, 2025 initial public offering ("IPO") and/or August 7, 2025 – September 29, 2025

What is the case about? Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased Firefly during the class period because the Company allegedly misled investors regarding its business prospects.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What are the allegations? According to the complaint, the Offering Documents issued in connection with the Company's IPO were negligently prepared. Specifically, during the class period, the Offering Documents and defendants failed to disclose that: (i) Firefly had overstated the demand and growth prospects for its Spacecraft Solutions offerings; (ii) Firefly had overstated the operational readiness and commercial viability of its Alpha rocket program; and (iii) the foregoing, once revealed, would likely have a material negative impact on the Company.

Plaintiff alleges that on September 22, 2025, Firefly reported disappointing financial results for the second quarter of 2025. On this news, Firefly's stock price fell $7.58 per share, or 15.31%, to close at $41.94 per share on September 23, 2025. Then, on September 29, 2025, Firefly disclosed that “the first stage of Firefly’s Alpha Flight 7 rocket experienced an event that resulted in a loss of the stage.” On this news, Firefly’s stock price fell $7.66 per share, or 20.73%, to close at $29.30 per share on September 30, 2025. As of the time the complaint was filed, Firefly’s stock price continues to trade significantly below the $45.00 per share Offering price, damaging investors.

What can you do now? You may be eligible to participate in the class action against Firefly Aerospace Inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by January 12, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.

To be notified if a class action against Firefly Aerospace Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

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

SummaryMeta Platforms, Inc. re-enters “anti-bubble” territory, and now is the cheapest Magnificent 7 stock with price growth finally trailing strong revenue and EPS growth.Heavy CAPEX temporarily depresses free cash flow, but positions META ahead in AI with proprietary LLMs and GPU leadership.Debt issuance spooked markets, yet META remains lightly leveraged with one of the strongest balance sheets in the S&P 500.META's core platforms—Facebook, Instagram, WhatsApp—still dominate global users, offering durable ad, social, and future communication monetization potential.Risks include AI trade rotation and misallocated CAPEX, but valuation metrics imply deep undervaluation; I upgrade META stock to Strong Buy. J Studios/DigitalVision via Getty Images

Meta has been here before This is going to mark the 4th time that I've covered Meta Platforms, Inc. (META) and the first time since 2022 that I consider the stock

Analyst’s Disclosure:I/we have a beneficial long position in the shares of META, GOOGL, NVDA, AAPL, MSFT, AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: The information in this article is provided for general informational purposes only and does not constitute financial advice. The views expressed are those of the author, based on personal research, analysis, and experience. This content may not be appropriate for your individual financial circumstances or objectives.

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

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November 21, 2025 5:30 PM EST | Source: Amex Exploration Inc.
Montreal, Quebec--(Newsfile Corp. - November 21, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or the "Company") announces a grant of 3,250,000 incentive stock options (the "Options") and 2,026,000 restricted share units (the "RSUs") to certain directors, officers, employees, and consultants to the Company.

Each Option is exercisable to acquire one common share of the Company (a "Share") at a price of $2.85 per Share, for a period of five years from the date of grant. The RSUs shall vest in three equal tranches, with one-third vesting on each of the first, second, and third anniversaries of the date of grant. Upon vesting, each RSU shall entitle the holder to receive one Share. All grants of Options and RSUs are subject to the Company's omnibus equity incentive plan (the "Equity Incentive Plan"), which was approved by shareholders at the Company's annual general and special meeting of shareholders held on June 30, 2025 (the "Meeting"). A copy of the Equity Incentive Plan is included in the Company's management information circular in respect of the Meeting dated May 12, 2025 available via the Company's profile on SEDAR+ at www.sedarplus.ca.

All of the Options and RSUs (and any Shares issuable upon exercise or settlement thereof) will be subject to a four month and one day hold period from the date of grant pursuant to the policies of the TSX Venture Exchange).

About Amex

Amex Exploration Inc. has made significant high-grade gold discoveries, along with copper-rich volcanogenic massive sulphide (VMS) zones, at its 100%-owned Perron Gold Project, located approximately 110 kilometres north of Rouyn-Noranda, Quebec. The Project comprises 117 contiguous claims (45.18 km²) and hosts both bulk-tonnage and high-grade gold mineralization styles.

When combined with the adjacent Perron West Project, which includes 48 claims (17.37 km²) in Quebec and 35 claims (134.55 km²) in Ontario, the consolidated land package spans a district-scale 197.52 km². This extensive property lies within highly prospective geology favourable for both high-grade gold and VMS mineralization.

The Project benefits from excellent infrastructure: it is accessible by a year-round road, located just 20 minutes from an airport, and approximately 8 km from the Town of Normétal. It is also in close proximity to several process plants owned by major gold producers.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275565

Quarterly Dividend
ITHACA, Mich., Nov. 21, 2025 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (OTCID: CEFC) announced that the Board of Directors declared a regular quarterly cash dividend of 14 cents per share. The dividend is payable January 2, 2026 to shareholders of record on December 12, 2025. Based on a recent closing price of $13.16 per share, the annualized dividend yield is 4.26%.

About CEFC
Commercial National Financial Corporation (OTCID: CEFC) is the holding company of Commercial Bank, a state-chartered community bank headquartered in Ithaca, Michigan. Commercial Bank was established in 1893 and has been dedicated to meeting the banking needs of the communities it serves for over 130 years. The Bank has locations throughout five Michigan counties: Gratiot, Ingham, Montcalm, Barry, and Ottawa.

Visit https://www.commercial-bank.com/about-us/investor-information.html to view the latest news releases and other information about CEFC.

Contact:
Benjamin Ogle
CFO
989-875-5562

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

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

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

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

ABOUT LEE

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

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

, /PRNewswire/ --

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

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

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

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

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

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

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

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

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

Contact Information:

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

SOURCE THE ROSEN LAW FIRM, P. A.

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aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy,
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Grayscale has received approval from the New York Stock Exchange to launch new Dogecoin and XRP ETFs and both of them will commence trading on 24 November. A regulatory letter that was given to the Securities and Exchange Commission confirmed this approval.

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

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

— Eric Balchunas (@EricBalchunas) November 21, 2025

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

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

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

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

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

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

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

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

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

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

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

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

Key Takeaways

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

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

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

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

Disclaimer

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Disclaimer

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

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

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

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

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

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

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

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

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

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

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Journalist

Posted: November 22, 2025

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

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

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

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

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

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

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

Source: CryptoQuant

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

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

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

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

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

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

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

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

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

Source: CryptoQuant

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

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

Source: Tradingview

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

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

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

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

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

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

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

BTC lower lows. Source: Rekt Capital

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

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

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

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

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

Bitcoin STH realized profit and loss. Source: CryptoQuant

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

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

Bitcoin price chart. Source: CoinMarketCap

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin Market Data

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

Crypto Market Summary

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

Mentioned in this article

Fri, 21/11/2025 - 19:35

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

Cover image via U.Today

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

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

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

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

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

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

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

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

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

Related articles

TLDR

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

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

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

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

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

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

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

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

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

Key takeaways:

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

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

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

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

#BTC

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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