Market Signal Briefing

November 17, 2025 22:40 ET

 | Source:

Invivyd

NEW HAVEN, Conn., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Invivyd, Inc. (Invivyd) (Nasdaq: IVVD) today announced the pricing of an underwritten public offering of 44,000,000 shares of its common stock at an offering price of $2.50 per share and, to certain investors, in lieu of common stock, pre-funded warrants to purchase 6,000,000 shares of its common stock at a price of $2.4999 per pre-funded warrant. The gross proceeds from this offering are expected to be approximately $125.0 million, before deducting underwriting discounts and commissions and offering expenses payable by Invivyd. The purchase price per share of each pre-funded warrant represents the per share offering price for the common stock, minus the $0.0001 per share exercise price of each such pre-funded warrant. All of the shares and pre-funded warrants are being offered by Invivyd. In addition, Invivyd has granted the underwriters an option for a period of 30 days to purchase up to an additional 7,500,000 shares of Invivyd common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about November 19, 2025, subject to the satisfaction of customary closing conditions.

Cantor is acting as sole book-running manager for the offering. H.C. Wainwright & Co. is acting as lead manager for the offering.

Invivyd intends to use the net proceeds that it will receive from the offering, together with its existing cash and cash equivalents, for commercial preparedness for the potential launch of VYD2311, continued research and development related to its pipeline programs such as respiratory syncytial virus (RSV) and measles, continued advancement of the Spike Protein Elimination and Recovery (SPEAR) Study Group efforts related to assessing the effects of monoclonal antibody therapy for Long COVID and COVID-19 Post-Vaccination Syndrome, and for working capital and other general corporate purposes.

The securities described above are being offered by Invivyd pursuant to a shelf registration statement on Form S-3 (File No. 333-267643) filed with the U.S. Securities and Exchange Commission (SEC) on September 28, 2022 and declared effective by the SEC on October 5, 2022.

The offering is being made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A preliminary prospectus supplement and free writing prospectus relating to the offering were filed with the SEC on November 17, 2025 and are available on the SEC’s website at www.sec.gov. The final prospectus supplement relating to and describing the terms of the offering will be filed with the SEC and also will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement, when available, and accompanying prospectus relating to the offering may also be obtained from Cantor Fitzgerald & Co., Attention: Equity Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022; or by e-mail at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Invivyd

Invivyd, Inc. (Nasdaq: IVVD) is a biopharmaceutical company devoted to delivering protection from serious viral infectious diseases, beginning with SARS-CoV-2. Invivyd deploys a proprietary integrated technology platform unique in the industry designed to assess, monitor, develop, and adapt to create best in class antibodies. In March 2024, Invivyd received emergency use authorization (EUA) from the U.S. FDA for a monoclonal antibody (mAb) in its pipeline of innovative antibody candidates.

Trademarks are the property of their respective owners.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “believes,” “could,” “expects,” “intends,” “potential,” “projects,” and “future” or similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the amount of proceeds from the offering, the timing of the closing of the offering, as well as the anticipated use of the net proceeds from the offering. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Uncertainties and risks may cause Invivyd’s actual results to be materially different than those expressed in or implied by Invivyd’s forward-looking statements. For Invivyd, this includes satisfaction of the customary closing conditions of the offering, delays in obtaining required stock exchange or other regulatory approvals, political uncertainties, stock price volatility and uncertainties relating to the financial markets, the medical community and the global economy, and the impact of instability in general business and economic conditions, including changes in inflation, interest rates and the labor market. Other factors that may cause Invivyd’s actual results to differ materially from those expressed or implied in the forward-looking statements in this press release are described under the heading “Risk Factors” in the preliminary prospectus supplement and the free writing prospectus relating to the offering filed with the SEC, in Invivyd’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC, and in Invivyd’s other filings with the SEC, and in its future reports to be filed with the SEC and available at www.sec.gov. Forward-looking statements contained in this press release are made as of this date, and Invivyd undertakes no duty to update such information whether as a result of new information, future events or otherwise, except as required under applicable law.

Contacts:

Media Relations
(781) 208-0160
[email protected]

Investor Relations
(781) 208-1747
[email protected]

SummaryThe iShares Top 20 U.S. Stocks ETF offers extreme concentration in mega caps, diverging sharply from both MGC and SPY sector allocations.TOPT's high concentration amplifies both potential returns and risks, making it more sensitive to price changes and less diversified than MGC or SPY.While TOPT has recently outperformed due to mega-cap strength, its structure is more suitable for tactical, bullish stances on top holdings rather than core portfolios.I rate TOPT as a Hold for passive investors, favoring MGC as a smarter, lower-risk alternative for core S&P 500-like exposure. skynesher/E+ via Getty Images

When I discussed the Vanguard Mega Cap Index Fund ETF Shares (MGC), I found the move from the broader S&P 500 ETFs to MGC a decent addition to core portfolios. A CAGR of 0.5% outperformance was

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

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

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

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

Solana is once again under heavy pressure as major holders intensify selling and build short positions, placing the token's critical demand zone in the spotlight. After weeks of volatile price action, the market has shifted toward bearish positioning, signaling a shift in sentiment among large players that previously supported Solana during market rebounds.

Bitcoin's drop back into the mid-$90,000s has reignited the debate: is this the start of a true bear market, or a sharp reset inside an ongoing uptrend? Analysts are converging on the same battleground levels but differ on what they imply.

1 hour ago

XRP supply in profit is at its lowest levels in 12 months, and one analyst has warned of further downside if investors decide to cut their losses. Could XRP ETFs bring the bulls back?

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XRP could be headed for further downside if it fails to secure a meaningful recovery soon, with 41.5% of XRP holders underwater at current prices, according to analysts. 

In an X post on Monday, crypto analytics firm Glassnode stated that the “XRP supply in profit” has reached its lowest levels since November 2024, when the price was approximately $0.53. 

“Today, despite trading ~4× higher ($2.15), 41.5% of supply (~26.5B XRP) sits in loss — a clear sign of a top-heavy and structurally fragile market dominated by late buyers,” said Glassnode. 

Source: GlassnodeIG Australia market analyst Tony Sycamore told Cointelegraph the recent price drop has likely come as a surprise to many XRP investors, and the top-heavy structure means some may be looking to cut their losses if the downward trend continues.

“The date suggests that many XRP holders likely bought when XRP was above $3.00 ( Jan, July, August, September, and early October), leaving their entry point well above the current ~$2.16 level,” Sycamore said.

“The 40%+ sell-off from July $3.66 high has blindsided both long-term hodlers expecting perpetual upside and newer entrants who bought near the highs due to FOMO and viewed dips as a buying opportunity,” he said.

Sycamore said this widespread unrealized loss is now weighing on sentiment and raises the risk of further downside, as stop-losses and forced sales could increase selling pressure.

“Recovery will require a decisive rebound back above $2.70,” he said. 

However, one factor that holders are hoping will help return bullish momentum to XRP is the wave of exchange-traded funds (ETFs) that are expected to hit the market this week.  

Following the launch of the first spot-XRP ETF by Canary Capital on Thursday, which marked the most successful first-day performance for US ETFs in 2025, there are four more ETFs from Franklin Templeton, Bitwise, 21Shares and CoinShares just days away from launch. 

However, the price has yet to show a resurgence. XRP is currently $2.14 at the time of writing, down over 40% since reaching its all-time high of $3.65 on July 18.

Magazine: Saylor denies Bitcoin sell-off, XRP ETF debut tops chart: Hodler’s Digest, Nov. 9 – 15

Dogecoin has made a sharp rebound while Shiba Inu continues to find lower lows – Dogecoin price predictions could mark the start of a new bull run.

Bitcoin ETFs saw four days of outflows, with holdings dropping from 441,000 to 271,000 BTC; the Fear and Greed Index hit 11.Retail investors have avoided the downturn, while whales bought in, including a $31.16 million ETH purchase in one day.Permanent Bitcoin holders accumulated a record 186,000 BTC during the selloff, signaling strong long-term demand.The US Bitcoin exchange-traded funds (ETFs) keep flowing out as the crypto Fear and Greed Index dropped to 11, reflecting extreme fear.

Retail investors have stayed out of the market during this downturn, while data shows that whales are the primary buyers amid the selloff.

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ETF Outflows and Retail Absence Signal Market ShiftUS Bitcoin spot ETFs have experienced persistent capital flight, with holdings declining from 441,000 BTC on October 10 to about 271,000 BTC by mid-November. This marks a sharp reversal from institutional support earlier this year.

According to Farside Investors data, Bitcoin ETFs have now logged four consecutive days of outflows, extending the defensive tone that has dominated the month. Earlier in the period, redemptions peaked at well over $800 million in a single day, highlighting how sharply sentiment had soured. The latest figure shows a much smaller outflow of around $60 million, but still signals that buyers remain cautious and momentum has yet to turn.

Spot average order size. Source: CryptoQuantSpot average order size metrics show that retail traders are not returning, even as Bitcoin has dropped almost 27% from its October 6 all-time high of $126,272.76. Exchange data from Binance, Coinbase, Kraken, and OKX indicates larger order sizes, highlighting whale activity rather than small-scale retail buyers.

The Fear and Greed Index plummeted to 11, underscoring extreme market fear. Historically, such levels correlate with market bottoms, but retail investors remain cautious and reluctant to engage. In the morning hours in Asia, Bitcoin traded at somewhere between $91,000 and $92,000, down more than 3% in 24 hours and 13-14% for the week. Ethereum briefly slipped below $3,000, and Solana was at around $130, declining over 5% in 24 hours and 21% over the week.

Whale Accumulation amid Market WeaknessAs retail investors sit on the sidelines, large players continue to accumulate aggressively. A whale purchased 10,275 ETH at $3,032 for $31.16 million USDT within 24 hours before November 17, based on on-chain monitoring by OnchainLens. Between November 12 and November 17, this address acquired a total of 13,612 ETH for $41.89 million USDT, at an average price of $3,077.

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Nansen transaction log showing whale’s $31.16M ETH purchase over 24 hours. Source: OnchainLensPermanent Bitcoin holders—wallets that have never recorded outflows—are supporting what CryptoQuant describes as the largest accumulation surge in recent selloffs. Permanent holder demand rose from 159,000 BTC to 345,000 BTC, marking the biggest absorption in several cycles. This substantial accumulation occurred even as the price fell, highlighting a stark divergence between long-term and short-term market behaviors.

This divergence between whale accumulation and retail caution highlights a shift in market dynamics. However, CryptoQuant CEO Ki Young Ju notes that the current dip involves long-term holders rotating coins among themselves rather than new money entering the market. This suggests the drawdown does not mark the start of a new bear market, though current conditions may not present the classic buy-the-dip moment sought by retail.

30-day permanent holder demand showing record accumulation during price selloff. Source: CryptoQuantStructural Changes and Institutional DynamicsThis selloff differs from past crypto winters. Major financial institutions, including JPMorgan, now accept Bitcoin as collateral for loans despite its price weakness. This evolving infrastructure offers more support compared to previous bearish cycles. Deeper liquidity is available, helping to steady the market.

Technical signals remain bearish for now. Bitcoin has dropped more than 20% from its record high; recently, its 50-day moving average fell below its 200-day moving average—a “death cross.”

Macroeconomic factors add more pressure. The Federal Reserve delayed interest rate cuts, and global central banks maintain tightening. Falling Treasury liquidity creates headwinds for risk assets. Still, analysts see longer-term macro trends—such as high sovereign debt and ongoing geopolitical tensions—as supportive for Bitcoin in the future.

Mining firms are adjusting accordingly. Frank Holmes, executive chairman of HIVE Digital Technologies, emphasized that his company will continue mining and holding Bitcoin, unlike competitors who are pivoting to high-performance computing. He contends that building Tier 3 data centers for GPU work is both costly and complex, so his mine-and-hold strategy will continue despite volatility.

Disclaimer

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Amplify ETFs has officially announced that its new XRP-linked premium income fund, trading under the ticker XRPM, will launch on November 18, 2025. The ETF will be listed on the Cboe BZX Exchange and will open through a New Issue Auction at 9:30 a.m. ET, giving traditional investors a regulated doorway into XRP-related returns without holding the asset directly.

XRPM will list on the Cboe BZX Exchange under the CUSIP 032108375 with a reported net asset size of $750,000 and 30,000 shares outstanding at launch. The total expense ratio is set at 0.75 percent. Cboe confirmed that the ETF meets all requirements under the Exchange Act of 1934 and will be quoted on SIAC Tape B for full market visibility.

Why XRPM Stands OutAccording to Amplify, the XRPM ETF aims to combine XRP price appreciation potential with a high-income options strategy. The fund targets a 36 percent annualized option premium income while still maintaining exposure to 40 to 70 percent of XRP’s upside performance. Instead of directly purchasing XRP, the ETF will gain exposure through XRP-based exchange-traded products, futures, and covered call options to generate consistent monthly payout opportunities.

Weekly Options and Monthly IncomeThe strategy behind XRPM revolves around weekly covered call writing, which allows four times more premium-collection opportunities compared to traditional monthly options strategies. Amplify describes this as a way to “harvest volatility,” meaning that short-term price movements in XRP can be converted into recurring income. The fund aims to distribute income monthly, positioning it as an appealing product for yield-focused investors seeking crypto-linked payouts.

Institutional SignificanceThe approval and launch of XRPM arrives at a time when demand for regulated, yield-enhanced crypto exposure is increasing. By offering a structured, compliance-ready ETF tied to XRP performance, XRPM acts as a new bridge between institutional finance and digital assets. Its debut highlights the growing trend of turning crypto volatility into a mainstream investment income opportunity.

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.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Leading cryptocurrencies declined alongside stocks on Monday amid a wave of sharp selling.

CryptocurrencyGains +/-Price (Recorded at 8:25 p.m. ET)Bitcoin (CRYPTO: BTC)-3.20%$91,828.39Ethereum (CRYPTO: ETH)
               -2.19%$3,031.90XRP (CRYPTO: XRP)                         -3.56%$2.15Solana (CRYPTO: SOL)                         -4.85%$131.86Dogecoin (CRYPTO: DOGE)                         -4.21%$0.1527Crypto Liquidations SurgeBitcoin's problems worsened as the apex cryptocurrency sank below $92,000, marking its lowest point in nearly eight months. The trading volume rose 26% in the last 24 hours, suggesting high selling interest.

Ethereum failed to hold the $3,000 support, hitting an intraday low of $2,957.31 before recovering some losses overnight. XRP and Dogecoin also recorded sharp declines.

Bitcoin and Ethereum’s market shares declined, while altcoin dominance increased to about 30%. 

Cryptocurrency liquidations topped $760 million in the last 24 hours, according to Coinglass, with  $483 million in long positions wiped out.

Bitcoin's open interest increased 0.41% in the last 24 hours. The Long/Short ratio dropped further to 0.84, indicating that new short positions are being opened.

The "Extreme Fear" sentiment intensified, according to the Crypto Fear & Greed Index, hitting levels last seen in the last week of February.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 8:25 p.m. ET)Internet Computer (ICP )   +17.99%$5.82Horizen (ZEN)    
               +14.45%$15.41Velo (VELO )          +13.94%$0.007210The global cryptocurrency market capitalization stood at $3.13 trillion, decreasing by 1.81% in the last 24 hours.

Stocks End In The RedStocks kicked off the week on a weak note. The Dow Jones Industrial Average shed 557.24 points, or 1.18%, to end at 46,590.24. The S&P 500 fell 0.92% to finish at 6,672.41, while the tech-heavy Nasdaq Composite slid 0.84% to settle at 22,708.07

Artificial intelligence darling Nvidia Corp. (NASDAQ:NVDA) dipped 1.88%, contributing to the tech sell-off. The company is set to report its third-quarter earnings after the closing bell on Wednesday.

Investors will also watch out for September's nonfarm payrolls numbers on Thursday, the first major economic data release since the 42-day government shutdown-induced blackout.

Don’t Expect V-Shape Recovery, Warns AnalystLacie Zhang, Research Analyst at Bitget Wallet, highlighted in a note to Benzinga Bitcoin's recent "death cross," where the 50-day short-term moving average slipped below the 200-day short-term moving average.

"In some cycles it has marked macro bottoms and strong reversals, while in deeper bear phases it has preceded continued downside," Zhang pointed out the mixed implications.

"Short-term, we expect Bitcoin to consolidate in the $90,000–$110,000 range through November, while Ethereum trades around $3,000–$3,600," the analyst projected.

Widely followed cryptocurrency analyst and trader Michaël van de Poppe emphasized the high volatility and predicted downsides in the first few days of the week.

"Also, given that last week was such a terrible weekly candle, it’s impossible to expect an imminent V-shape recovery after that. Things take time," the analyst remarked.

Despite the pain, Van De Poppe declared that they won’t be selling and are prepared to be “patient.”

Photo Courtesy: Marc Bruxelle on Shutterstock.com

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The global crypto market has entered one of its sharpest correction phases in recent history, with assets like Bitcoin, Ethereum, and XRP continuing to fall. Over the last 41 days, the market has lost more than $1.1 trillion in value, averaging nearly $27 billion erased per day. 

As of today, Bitcoin has fallen to around $91,238, down more than 13% this week, while Ethereum slipped to $3,012 and XRP dropped to $2.13, losing over 15% in seven days. Several popular altcoins also remain in deep red territory. Analysts say this downturn is not driven by weak fundamentals, but by a combination of structural, psychological, and mechanical factors.

The Crash Timeline and Why It Feels Different

According to research shared by The Kobesi Letter, the decline started soon after crypto’s market cap approached $4.3 trillion. A series of major political and macro headlines added uncertainty, beginning with 100% tariff announcements on China, followed by mixed messages about U.S. crypto leadership. Despite positive comments supporting crypto innovation, Bitcoin, Ethereum, and most altcoins continued falling.

Today, the entire market is now 10% below the levels seen during the record $19 billion liquidation event on October 10, indicating that the downturn has continued far beyond a single flash crash.

Why the Drop Is Structural, Not Just EmotionalThe current decline is not caused by bad news or failing fundamentals. In fact, several developments remained positive, including support statements from U.S. leadership and continued long-term confidence from institutions.

Instead, the downturn appears tied to mechanical market structure, starting with institutional outflows in late October. In the first week of November alone, crypto funds recorded $1.2 billion in withdrawals, setting off a chain reaction.

Could Bitcoin Drop to $50,000, or Bounce Soon?Short-term technical readings show the market is becoming oversold, which increases the chances of a temporary relief bounce. But if selling pressure continues and macro conditions weaken, experts say a drop toward $50,000 cannot be ruled out, especially if long-term holders continue selling.

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.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

The cryptocurrency market is witnessing a renewed wave of interest in early-stage decentralized finance platforms as Ethereum struggles to retain momentum near the $3,300 mark. The latest capital rotation trend suggests investors are increasingly evaluating whether the next major DeFi success story could emerge outside the well-established large-cap ecosystem.

On-chain data shows the Bitcoin Stablecoin Supply Ratio has declined into the buy territory. Here’s what followed this signal in the past.

Bitcoin SSR RSI Is Giving A Buy Signal
In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Stablecoin Supply Ratio (SSR) for Bitcoin. The SSR is an indicator that measures how the market cap of BTC compares against the total supply of the stablecoins.

Stablecoins refer to cryptocurrencies that are pegged to a fiat currency. Investors generally park their capital in the form of these assets when they want to avoid the volatility associated with BTC and other assets.

Such holders also usually eventually invest back into Bitcoin and company, however, exchanging away their stablecoins in favor of them once they feel the time is right. Because of this reason, the stablecoin supply is often looked at as a sort of “available buy supply” in the cryptocurrency sector.

When the value of SSR is high, it means BTC’s value is high compared to the stablecoin supply. Such a trend suggests the market stablecoin buying power is low, which could be a bearish sign.

On the other hand, the indicator being low implies the sector may have a high amount of dry powder available relative to the Bitcoin market cap, which can naturally be bullish.

Now, here is the chart for the BTC SSR shared by the analyst that shows the trend in its Relative Strength Index (RSI) over the last couple of years:

Looks like the value of the metric has plunged in recent days | Source: CryptoQuant
As is visible in the above graph, the Bitcoin SSR RSI has witnessed a decline recently as the BTC spot price has crashed. This suggests that there may be a high amount of stablecoin buying power available in the market now.

The indicator’s drop has been so steep that it has entered into a zone that Maartunn has flagged as pertaining to a buy signal. From the chart, it’s apparent that past instances of this signal have often coincided with some sort of bottom or led into a price surge.

In a lot of the instances, however, the signal has only resulted in a temporary reversal. It now remains to be seen whether any bullish shift will follow the latest signal, and if one does, whether it will be lasting.

In some other news, a large movement involving dormant tokens has just occurred on the Bitcoin network, as Maartunn has pointed out in another X post.

The data for the BTC transactions involving coins lying in the 3 to 5 years old range | Source: CryptoQuant
“4,668 $BTC aged 3–5 years were just spent — a clear spike in dormant supply activation,” noted the analyst. Movement from dormant hands is often a sign of selling.

BTC Price
Bearish momentum hasn’t shown any signs of stopping for Bitcoin as its price has now dropped to the $92,500 level.

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

With last week's Canary XRP ETF success, bigger hedge funds are ready to make history in traditional markets.

Ethereum is trading near significant demand levels as volatility continues across cryptocurrency markets, new on-chain data shows. The second-largest cryptocurrency by market capitalization is hovering near short-term support following weeks of selling pressure.

Summary

Ethereum price nears key support: Ethereum is trading near short-term support levels after weeks of selling pressure, with on-chain data from CryptoQuant showing the current price is around 8% above the Accumulation Addresses Realized Price, a key metric for long-term investors.
Long-term holders remain active: Despite market volatility, 17 million Ethereum coins flowed into accumulation addresses in 2025, increasing the balance held by these wallets from 10 million to over 27 million coins, signaling continued interest from long-term investors.
Technical analysis shows mixed signals: Ethereum is maintaining its position above structural support near the 200-week moving average, though the 50-week moving average is acting as resistance. A break above or below these levels could signal a shift in market momentum.

Source: CoinGecko
Ethereum’s current price is $2,967.76. That’s down 23.4% over the past month. However, the price sits approximately 8% above the Accumulation Addresses Realized Price level — a metric representing the average cost basis of long-term investors who have acquired the asset during previous market cycles, according to CryptoQuant analyst Burak Kesmeci.

The Accumulation Addresses Realized Price level tracks the average cost basis of long-term Ethereum holders who have acquired the cryptocurrency across multiple market cycles, Kesmeci stated in the report. This investor group typically purchases during periods of market stress, according to the analysis.

Historical data shows Ethereum has fallen below this level only once, during the April period when global markets experienced heightened uncertainty. The Global Economic Policy Uncertainty Index (GEPUCURRENT) reached levels exceeding those recorded during the COVID-19 pandemic peak, the data indicated.

In 2025, approximately 17 million coins flowed into accumulation addresses, increasing the total balance held by these wallets from 10 million to over 27 million. This accumulation occurred despite widespread market volatility.

Technical analysis of Ethereum’s weekly chart shows the asset maintaining position above structural support near the 200-week moving average, a level that has marked significant price bottoms in previous cycles. The price briefly dropped below this zone last week before recovering, according to chart data.

The 50-week moving average currently serves as immediate resistance above current price levels. A move above that average would signal a potential momentum shift. At the same time, a break below nearby structural support could trigger further correction toward the Accumulation Realized Price level identified in the CryptoQuant analysis.

Market observers note the current price action resembles previous correction phases, including the April 2025 decline, when Ethereum tested long-term support levels before recovering. The convergence of technical indicators and on-chain metrics suggests current price levels are drawing attention from long-term holders and institutional participants, according to market analysts.

Ethereum may be preparing for a long-term breakout simil (opens in a new taar to Bitcoin’s explosive run over the past eight years, according to Tom Lee, cofounder of Fundstrat and executive chair of BitMine. Lee said on Sunday that Ether is “embarking on the same Supercycle” that pushed Bitcoin from $1k in 2017 to over one hundred times that value today.
Lee shared the view in a post on X, where he reflected on his original Bitcoin call. He recommended BTC to Fundstrat clients in 2017 with a small one to two percent allocation. Bitcoin was about one thousand dollars at the time. 

Since then, the asset has survived six drops of more than 50% and three deep declines of over 75%. Yet it still delivered a hundred-fold gain from his first recommendation.

Bitcoin is a volatile asset.

We first recommended Bitcoin to Fundstrat clients in 2017 (1%-2% allocation)

– Bitcoin 2017 ~$1,000

Since then (past 8.5 years), $BTC:

– 6 declines > -50%

– 3 declines > – 75%

2025, Bitcoin 100x from our first recommendation

TAKEAWAY:

To have… pic.twitter.com/xtIRGLdnWM

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) November 16, 2025

Lee said these gains did not come without severe stress moments. “To have gained from that 100x Supercycle, one had to stomach existential moments to HODL,” he wrote. In his view, the reason for this volatility is simple. Crypto prices “discount a massive future,” and doubt always creates sharp swings.

He believes Ether is entering the same type of long-term cycle now.

Ether Trails Bitcoin, but Accumulation Is Rising
Ether has been slower than Bitcoin for most of 2025. Bitcoin pushed to a new peak above $126k in October. Ether reached its own high of $4,946 in August but has not kept pace since then. As of Monday, Bitcoin is down about 25% from its record. Ether has fallen more than 35%from its high.

Lee said the volatility does not change the long-term picture. To him, the pullback is part of a broader cycle where doubt clears the way for future growth.

On-chain data supports that view. According to CryptoQuant analyst Burak Kesmeci, Ether is now close to the average cost basis of long-term holders.

Source: CryptoQuant
With ETH trading around $3185, it is only about $200 above the price where long-term accumulators last bought in. Ether has dipped below that level only once this year, in April, during uncertainty related to global tariff announcements by the Trump administration.

Kesmeci said this zone is one of the strongest long-term accumulation ranges for Ether. More than 17 million ETH has moved into accumulation wallets in 2025. The total balance held by these long-term addresses has grown from $10 million ETH at the start of the year to 27 million ETH today. If the price drops below $2,900, he expects it will not stay there for long.

Ether briefly fell to a low of $3023 on Sunday but has since stabilized.

What Lee’s Call Means for the Market
Lee’s comment adds a notable shift in tone. Much of the market conversation this year has centered on Bitcoin’s strength. Ethereum has taken a back seat. But Lee’s view suggests Ether may be at the early stage of a larger cycle, similar to Bitcoin during its 2017 to 2025 climb.

The message is simple. The path will not be smooth. But the long-term direction, in his view, is higher. Or as he put it, “The path higher is not a straight line. HODL.”

Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

SummaryiShares U.S. Equity Factor ETF is a large-cap blend ETF aiming to optimize exposure to the quality, value, momentum, size, and low volatility factors. Its ER is 0.08%, and LRGF has $3B in AUM.LRGF has tracked the STOXX U.S. Equity Factor Index since June 2022, and since this strategy change, it's been solid, outperforming SPY and IWB over the last three years.The reason is because LRGF is one of the few "sensible" multi-factor ETFs out there. My in-depth analysis walks readers through each factor one-by-one by emphasizing dozens of underlying statistics.I found "value" is LRGF's biggest strength, and I'm encouraged by its broader definition of momentum, which could mitigate losses during market downturns.Importantly, LRGF doesn't sacrifice much on quality, growth, size, and low volatility, so it's no surprise to see it doing well, and I believe it deserves a "buy" rating. ismagilov/iStock via Getty Images

Investment Thesis Today, I will initiate coverage of the iShares U.S. Equity Factor ETF (LRGF), a low-cost large-cap fund that aims to provide optimal exposure to the momentum, quality, value, low volatility, and size factors. LRGF

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

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

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SummaryEquinox Gold remains a Strong Buy, supported by robust fundamentals, significant production growth in the near term, and an attractive valuation versus peers.Q3 results exceeded expectations, with significant EPS and revenue beats, and 2025 marks an inflection point as production ramps up.EQX's growth pipeline is strong, with successful integration of Calibre assets, debt reduction, and potential for further M&A or even being an acquisition target.Risks persist due to gold price volatility, but EQX's financial strength, cash flow potential, and solid valuation provide a compelling investment case. dashu83/iStock via Getty Images

Introduction Despite Equinox Gold (EQX) being up over 100% and ~20% since I initiated my coverage with a Strong Buy rating back in August and reiterated it back in October, I still believe

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

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

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November 17, 2025 8:58 PM EST | Source: 37 Capital Inc.
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - 37 Capital Inc. (CSE: JJJ) ("37 Capital" or the "Company"). Further to the Company's new releases dated September 26, 2025 and October 17, 2025, the Company has closed the second tranche of the equity financing for total gross proceeds of $62,500 and issued 500,000 units at the price of $0.125 per unit. Each unit consists of one common share of the Company and one share purchase warrant to acquire one common share of the Company at a price of $0.15 per share for a period of three (3) years. If, anytime after six months from the issuance date, in the event that the Company's shares trade on the CSE at $0.35 per share or above for a period of 10 consecutive trading days a, a forced exercise provision will come into effect for the warrants issued in connection with this financing.

The funds raised from the financing will be used towards general working capital.

All securities that have been issued in connection with the above closing are subject to a four-month and a day hold period expiring on March 18, 2026.

An Insider of the Company acquired 320,000 units from the financing. The issuance of units to the Insider is considered a related party transaction subject to Multilateral Instrument 61-101. 37 Capital is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under section 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101.

On Behalf of the Board of 37 Capital Inc.,

"Jake H. Kalpakian"

____________________
Jake H. Kalpakian,
President and CEO

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Trading in the securities of the Company should be considered speculative.

Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding future plans, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as "may", "would", "could", "will", "likely", "enable", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expect", "propose", "anticipate", "intend", "plan", "plans" "estimate", and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections and estimations, there can be no assurance that these assumptions, projections or estimations are accurate. Readers, shareholders and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions or expectations upon which they are based might not occur.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274938

India's goods trade deficit hit an all-time high of $41.7 billion in October as gold imports surged on festive season demand, while exports to U.S. bore the brunt of steep tariffs.

The deficit, which was sharply wider than Reuters poll estimates of $28.8 billion, topped the previous all-time high of $37.8 billion in November 2024, according to LSEG data.

During October, India imported gold worth of $14.7 billion, up nearly 200% from October last year, data from the country's commerce ministry released Monday showed. Indian consumers are estimated to have bought gold worth $11 billion during the 5-day festival period in October.

The impact of tariffs was also visible in trade data as India's exports to the U.S. fell for a second consecutive month since the 50% tariffs came into effect in August end. Shipments to U.S. fell 8.5% year on year in October to $6.3 billion.

Despite the decline, the U.S remained India's largest exports destination during the first 7 months of this fiscal year, accounting for shipments worth $52 billion.

India exported gems and jewelry worth $2.3 billion in October down 29.5%, engineering goods worth $9.4 billion, down 16.7%. Exports of cotton and man-made yarn and ready-made garments fell 12%-13%. The U.S. is the top export destination for all these commodities.

Meanwhile, India's exports to China rose 42% to $1.6 billion.

The country's merchandise imports are "expected to cool somewhat in November-December 2025 from the October levels" due to a sequential dip in gold imports as the festive season ends and some pickup in exports, Moody's-owned Indian credit rating firm ICRA Research said in a note on Monday.

But it cautioned that India's current account deficit is set to "widen materially to 2.4-2.5% of GDP" in the third quarter of fiscal year ending March 2026. It expects the ratio of CAD to gross domestic product to be around 1.2% in fiscal year 2026, if the 50% U.S. tariffs continue until end-March 2026.

Trade negotiations between U.S and India have been underway for months, but a deal has been elusive so far. Both sides have begun to soften their stance, with U.S. President Donald Trump hinting at reducing tariffs on India.

Reaching out to Washington, New Delhi has increased oil and gas purchases from the U.S. to reduce the trade surplus it enjoys with Washington. The country is also expected to purchase farm products from the U.S.

Australia's remote Indian Ocean outpost of Christmas Island has enough power to support a new Google data centre without depriving locals, but its arrival could spur a push to renewable energy, the island's biggest employer and the tech giant said.

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

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

November 17, 2025 9:11 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 17, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of CarMax, Inc. (NYSE: KMX) between June 20, 2025 and November 5, 2025, both dates inclusive (the "Class Period") of the important January 2, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased CarMax 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 CarMax class action, go to https://rosenlegal.com/submit-form/?case_id=47077 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 2, 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 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 90Laurence 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 recklessly overstated CarMax's growth prospects when, in reality, its earlier growth in the 2026 fiscal year was a temporary benefit from customers buying cars due to speculation regarding tariffs; and (2) as a result, defendants' statements about CarMax'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 CarMax class action, go to https://rosenlegal.com/submit-form/?case_id=47077 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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274944