Market Signal Briefing

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Bitcoin (BTC) is staging a recovery after a sharp decline that briefly pushed prices below the $100,000 mark, sparking widespread fear across the market. The move triggered a wave of liquidations and panic selling, but BTC has since bounced back, trading above $105,000 as investors eye potential relief from the looming U.S. government shutdown. Market participants appear cautiously optimistic, with short-term sentiment improving as risk appetite returns.

However, data from CryptoQuant reveals a key development that could influence Bitcoin’s next move — stablecoin supply is starting to slip. After months of steady growth, the total stablecoin market capitalization has begun trending downward, signaling a potential cooling in liquidity. Historically, shrinking stablecoin reserves on exchanges tend to precede lower buying pressure, as less capital is available to rotate into crypto assets.

Still, the broader picture remains mixed. While Bitcoin’s price structure shows signs of stabilization, underlying liquidity trends hint that market conditions could remain fragile. If government action helps ease macroeconomic uncertainty and risk flows stabilize, BTC could extend its rebound. But if liquidity continues tightening, volatility may return sooner than expected, especially as the market digests shifting global sentiment.

Stablecoin Contraction Signals Caution — or Capital Rotation?
According to top analyst Maartunn, data from CryptoQuant shows a notable shift in market liquidity conditions. His chart comparing USDT Market Cap Change with Bitcoin’s price reveals that after several months of consistent expansion, the total stablecoin market capitalization is now trending downward. Historically, such a contraction has often acted as an early warning sign of cooling liquidity in the crypto market — meaning less fresh capital is entering the ecosystem.

USSDT: Market Cap Change and Bitcoin Price | Source: Maartunn
Stablecoins, particularly USDT, play a crucial role in fueling market momentum. When their supply grows, it typically reflects increased buying power and capital inflows. Conversely, a shrinking supply can indicate a pause in demand or a period of risk aversion among investors. This decline could therefore be interpreted as a sign that traders are pulling liquidity out of the system, potentially reducing Bitcoin’s short-term upside potential.

However, several analysts argue that this recent trend may not signal weakness but rather capital rotation. As Bitcoin stabilizes above $100,000 and altcoins show renewed volatility, part of the stablecoin supply might be moving into risk assets like Ethereum or emerging DeFi plays instead of exiting the market entirely.

If this interpretation holds true, the drop in stablecoin supply may simply mark a transition phase, where capital flows shift within the ecosystem rather than retreating from it. This dynamic would support a more neutral outlook — suggesting that liquidity is being redistributed rather than disappearing.

Bitcoin Eyes Recovery but Faces Key Resistance Levels
Bitcoin (BTC) has managed to recover from last week’s steep decline, with price action stabilizing above $105,000 after dipping below the critical $100,000 level. As seen in the chart, BTC has formed a short-term reversal structure, bouncing from a local low near $98,000 and showing signs of renewed buying pressure. This recovery, however, still faces a cluster of resistance levels between $108,000 and $112,000, where previous rallies have repeatedly stalled.

BTC consolidates around key levels | Source: BTCUSDT chart on TradingView
Trading volume has increased moderately during the rebound, indicating that some capital is flowing back into the market — though not yet at levels suggesting strong conviction. The market remains cautious, with traders watching to see if Bitcoin can reclaim the 50-day moving average, which currently acts as dynamic resistance around $110,000.

If BTC breaks and consolidates above that zone, it could trigger a more meaningful recovery toward $117,000–$120,000. However, failure to maintain momentum may lead to another retest of support near $100,000.

Featured image from ChatGPT, chart from TradingView.com

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Factoring in a lesser speculative demand, Coinbase cut a large chunk of their XRP stash over the past few months.

In brief
An Argentine judge has frozen funds associated with Hayden Davis and two suspected intermediaries, due to their connection to the Libra meme coin scandal.
Investigators found that $507,500 was sent by Kelsier Ventures CEO Hayden Davis via crypto exchange Bitget less than an hour after President Milei posted a selfie with Davis.
The Argentine Prosecutor’s Office suggested that this “could constitute possible indirect payments to public officials,” despite no concrete evidence the funds ended up with Milei.
An Argentine judge has frozen assets relating to the Libra meme coin scandal after investigators discovered potential “indirect payments to public officials” by Kelsier Ventures CEO Hayden Davis—one of the people behind the Solana token launch.

Specifically, Davis transferred $507,500 via crypto exchange Bitget just 42 minutes after President Milei posted a now-infamous selfie with Davis on social media—in which Milei said Davis had advised him on blockchain and AI.

While there's no concrete proof that the funds were transferred to Milei or an associate of his, the Argentine Prosecutor’s Office suggested that this “could constitute possible indirect payments to public officials,” according to local reporting. The prosecutor argued that intermediaries may have acted as “exit ramps” to make it more difficult to trace the funds.

LA TECNOLOGÍA ES ALIADA DE LA LIBERTAD

Hoy mantuvimos una muy interesante charla con el empresario Hayden Mark Davis, quien me estuvo asesorando sobre el impacto y las aplicaciones de la tecnología blockchain e inteligencia artificial en el país. Seguimos trabajando para… pic.twitter.com/LOX4xiyzhA

— Javier Milei (@JMilei) January 30, 2025

As a result, the court ordered the freezing of assets linked to Hayden Davis as well as the two suspected intermediaries, Favio Camilo Rodríguez Blanco and Orlando Rodolfo Mellino. Blanco was alleged, for example, to have helped with the movement of cash via safe deposit boxes just hours after the collapse of Libra.

The freeze came as a result of a technical report from the Secretariat for Financial Investigation and Recovery of Illicit Assets and the General Directorate of Asset Recovery and Asset Confiscation from the Public Prosecutor's Office. It will last until the case is resolved.

Launched in February, Libra was branded as a way to help fund small businesses in Argentina and promoted by President Milei on social media. It quickly pumped to a multi-billion dollar market capitalization before crashing 90% in a matter of hours, with Milei deleting his posts amid the resulting confusion and chaos.

Analytics firm Bubblemaps later linked on-chain activity from LIBRA to the launch of U.S. First Lady Melania Trump’s meme coin weeks earlier in January—a launch that was similarly marked by controversy, and also pumped briefly before collapsing in value.

The federal Libra case in Argentina is running parallel with a case in the United States, although it is pursuing different avenues. The U.S. case focuses on Meteora co-founder Benjamin Chow,as the mastermind of the operation, while downplaying Milei’s involvement.

The Argentine case, by contrast, is focused on the roles of Davis, Argentine lobbyists Mauricio Novelli and Manuel Terrones Godoy, and President Milei. 

Documents revealed to the Argentine court claim that three months before the Libra launch, Novelli and President Milei spoke about creating projects that would “monetize the image of the president.” Novelli argued in the document that Milei’s image was a “very personal asset” that wouldn’t violate public ethics law.

Meanwhile, the U.S. class action lawsuit alleges that Javier Milei and Melania Trump were used as “props to legitimize” the “scam tokens.” It points to Chow as the "center of the enterprise," with Davis and Kelsier Ventures working under his instructions.

The U.S. courts originally froze $58 million worth of crypto linked to Davis and Chow in May. However, the funds were unfrozen in August as the judge said she was “skeptical” that the plaintiffs would succeed in their case.

Kelsier Ventures, Mauricio Novelli, and Manuel Terrones Godoy did not respond to Decrypt’s requests for comment.

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Vivek Ramaswamy-backed Strive has expanded its bitcoin treasury, acquiring 1,567 bitcoin at an average price of $103,315, bringing its total holdings to 7,525 BTC as of Nov. 10, 2025. The company's aggressive accumulation comes alongside its Nasdaq listing of SATA, a variable-rate perpetual preferred stock designed to amplify its bitcoin exposure.

Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is set to deliver another earnings beat for the third quarter when the chipmaker reports its latest financial results after US markets close on November 19, according to UBS analysts.

Wall Street analysts on average expect revenue of $54.6 billion, representing year-over-year gorwht of about 55%, and earnings per share of $1.23, up 52%.

The UBS analysts project revenue will come in higher at $56 billion, above the company’s guidance of $54 billion.

The expect Nvidia’s gross margin will hold steady at around 73.5% for the quarter, rising to as high as 75% in fiscal Q4.

The analysts wrote that they remain comfortable with NVIDIA sustaining mid-70% margins through calendar 2026 despite investor concerns over higher memory and component costs.

Looking ahead, UBS expects Nvidia to guide fiscal Q4revenue to around $63 billion to 64 billion, though it believes the company could set expectations a few billion higher given production capacity and existing inventory.

UBS identified two main areas of investor debate ahead of the report, the first being the lingering impact of US restrictions on shipments to China.

The second is whether constraints such as power availability, memory supply, or capital access among major AI customers could limit Nvidia’s earnings growth.

“A big focus of the call will clearly be how quickly all of this AI infrastructure can be installed and any customer concentration risks that may develop,” they wrote.

Following recent supply chain checks and updates shared during Nvidia’s October GTC conference, UBS raised its unit shipment estimates, citing stronger-than-expected GPU production and improved CoWoS capacity at key supplier TSMC.

The firm now expects GPU output to have risen roughly 30% quarter-over-quarter in calendar Q3 and forecasts that Nvidia could ultimately ship as many as 10 million chips over 2024 to 2026 as supply channels clear and AI rack deployments accelerate.

UBS maintained its ‘Buy’ rating and $235 price target on the company, representing roughly 25% upside from Nvidia’s closing price on Friday of $188.15.

Key Takeaways Ryanair posted Q2 EPS of $3.76, topping estimates and rising year over year.Revenue grew 15% to $6.40B, driven by a 7% fare increase and higher passenger traffic.Traffic is now expected to reach 207M in fiscal 2026 amid early Boeing deliveries and solid demand.
Ryanair Holdings plc (RYAAY - Free Report)  reported second-quarter fiscal 2026 (ended Sept. 30, 2025) earnings of $3.76 per share, which beat the Zacks Consensus Estimate of $3.62 per share and improved on a year-over-year basis. Revenues of $6.40 billion marginally fell short of the Zacks Consensus Estimate of $6.41 billion but improved 15% year over year.

Traffic grew 2% year over year to 61.2 million passengers during the reported quarter. The load factor of 96% rose 1 percentage point on a year-over-year basis.

Average fares were up 7% year over year. As a result, RYAAY’s profit after tax (PAT) surged 20% year over year. Operating costs grew 4% year over year, owing to higher air traffic control (ATC) fares and environmental costs. This was partially offset by fuel hedge savings.

Ryanair now expects its fiscal 2026 traffic to grow by more than 3% to 207 million passengers (prior view: 206 million), owing to earlier than expected Boeing deliveries and solid demand during the first half of fiscal 2026. Unit costs performed well in the first half of fiscal 2026 and RYAAY anticipates only modest unit cost inflation during fiscal 2026 as B-8200 deliveries, fuel hedging and effective cost control help offset increased ATC charges, higher environmental costs and the roll-off of last year’s modest delivery delay compensation.

RYAAY is not providing any PAT guidance for fiscal 2026. 

Currently, RYAAY carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Q3 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported third-quarter 2025 earnings (excluding 46 cents from non-recurring items) of $1.71 per share, which beat the Zacks Consensus Estimate of $1.52. Earnings increased 14% on a year-over-year basis due to low fuel costs.

Revenues in the September-end quarter were $16.67 billion, beating the Zacks Consensus Estimate of $15.79 billion and increasing 6.4% on a year-over-year basis. Due to improving air-travel demand, adjusted operating revenues (excluding third-party refinery sales) increased 4.1% year over year to $15.2 billion. 

J.B. Hunt Transport Services, Inc. (JBHT - Free Report) reported third-quarter 2025 earnings of $1.76 per share, which surpassed the Zacks Consensus Estimate of $1.47 and improved 18.1% year over year.

Total operating revenues of $3.05 billion surpassed the Zacks Consensus Estimate of $3.02 billion and were down 0.5% year over year. JBHT’s third-quarter revenue performance was hurt by a 1% and 4% decline in gross revenue per load in Intermodal (JBI) and Truckload (JBT), respectively, a decrease in load volume of 8% and 1% in Integrated Capacity Solutions (ICS) and Dedicated Contract Services (DCS), and 8% fewer stops in Final Mile Services (FMS). These items were partially offset by a 3 % improvement in DCS productivity, a 9% increase in revenue per load in ICS and 14% load growth in JBT. Total operating revenue, excluding fuel surcharge revenue, fell less than 1% year over year.

United Airlines Holdings, Inc. (UAL - Free Report) reported mixed third-quarter 2025 results wherein the company’s earnings beat the Zacks Consensus Estimate, but revenues missed the same.

UAL's third-quarter 2025 adjusted earnings per share (EPS) (excluding 12 cents from non-recurring items) of $2.78 surpassed the Zacks Consensus Estimate of $2.64 but declined 16.5% on a year-over-year basis. The reported figure lies above the guided range of $2.25 and $2.75.

Operating revenues of $15.2 billion fell short of the Zacks Consensus Estimate of $15.3 billion but increased 2.6% year over year. Passenger revenues (which accounted for 90.7% of the top line) increased 1.9% year over year to $13.8 billion. UAL flights transported 48,382 passengers in the third quarter, up 6.2% year over year.

SAN FRANCISCO, Nov. 10, 2025 (GLOBE NEWSWIRE) -- On November 6, 2025, investors saw the price of CarMax, Inc. (NYSE: KMX) shares tumble as much as $9.48 (-23%) after the company announced that CEO Bill Nash has been fired and will leave the Board, both effective December 1, 2025.

The company also reported disappointing preliminary third-quarter 2026 preliminary financial results, forecasting comparable store unit decrease of 8% - 12% and net EPS in the range of only $0.18 - $0.36 versus analysts’ reported expectations of $0.69. In response to the preliminary results, one analyst reportedly wrote they show a “‘heightened degree of share loss and margin pressure that is likely to take a while to arrest.’”

These latest developments follow the filing of a securities class action. National shareholders rights firm Hagens Berman is investigating the claims alleged in that case.

The firm urges investors in CarMax who suffered significant losses to submit your losses now.

Class Period: June 20, 2025 – Sept. 24, 2025
Lead Plaintiff Deadline: Jan. 2, 2026
Visit: www.hbsslaw.com/investor-fraud/kmx
Contact the Firm Now: [email protected]
844-916-0895

CarMax, Inc. (KMX) Securities Class Action:

The class action is brought on behalf of investors who purchased or otherwise acquired CarMax securities between June 20, 2025 and September 24, 2025. The litigation is focused on the propriety of CarMax’s disclosures about the strength of its business model and growth prospects.

More specifically, on June 20, 2025, CarMax touted double digit Q1 2026 EPS growth and assured investors that “a fragmented market that positions us to continue to drive sales, gain market share, and deliver year-over-year earnings growth for years to come.”

The complaint alleges that CarMax misled investors about its prospects, was in no position to assure investors of earnings growth for years to come, and failed to disclose that its Q1 2026 results were positive because of consumers’ pulling forward their car purchases to avoid tariffs.

Investors allegedly learned the truth on September 25, 2025. That day, CarMax reported dismal Q2 2026 financial results. Year-over-year, the company’s net EPS fell a whopping 24%, retail used unit sales fell 5.4%, and comparable store used unit sales fell 6.3%.

In addition, questions arose about the quality of the company’s CarMax Auto Finance (CAF) loan portfolio. The company reported that CAF’s revenue declined 11.02% year-over-year due to a $142 million loan loss provision even though management had previously assured investors that “we feel good about our reserve[.]” This figure represents a sequential increase of nearly 40% and a year-over-year jump of approximately 24%.

The news sent CarMax shares falling by $11.45 on that day, a decline of roughly 20%.

“We’re focused on investors’ losses and whether CarMax may have intentionally misled investors about the strength of its business model, actual growth prospects, and the quality of the CAF portfolio,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

If you invested in CarMax and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the CarMax case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding CarMax should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Contact:
Reed Kathrein, 844-916-0895

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of KBR, Inc. (NYSE: KBR).

Shareholders who purchased shares of KBR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/kbr-inc-loss-submission-form/?id=176094&from=3

CLASS PERIOD: May 6, 2025 to June 19, 2025

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) despite the knowledge that the U.S. Department of Defense’s Transportation Command, for months, had material concerns with HomeSafe’s ability to fulfill the global household goods contract, defendants claimed that the partnership was without issue, and would ramp up in future quarters; and (2) as a result, defendants’ statements about KBR’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

DEADLINE: November 18, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/kbr-inc-loss-submission-form/?id=176094&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of KBR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is November 18, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Fluor Corporation (NYSE: FLR).

Shareholders who purchased shares of FLR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/fluor-corporation-loss-submission-form/?id=176096&from=3

CLASS PERIOD: February 18, 2025 to July 31, 2025

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) costs associated with the Company’s infrastructure projects; Gordie Howe, I-635/LBJ, and I-35 were growing because of, inter alia, subcontractor design errors, price increases, and scheduling delays; (ii) the foregoing, as well as customer reduction in capital spending and client hesitation around economic uncertainty, was having, or was likely to have, a significant negative impact on the Company’s business and financial results; (iii) accordingly, Fluor’s financial guidance for FY 2025 was unreliable and/or unrealistic, the effectiveness of the Company’s risk mitigation strategy was overstated, and the impact of economic uncertainty on the Company’s business and financial results was understated; and (iv) as a result, defendants’ public statements were materially false and misleading at all relevant times.

DEADLINE: November 14, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fluor-corporation-loss-submission-form/?id=176096&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FLR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is November 14, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of V.F. Corporation (NYSE: VFC).

Shareholders who purchased shares of VFC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/v-f-corporation-loss-submission-form/?id=176093&from=3

CLASS PERIOD: October 30, 2023 to May 20, 2025

ALLEGATIONS: According to the complaint, defendants disseminated materially false and misleading statements and/or concealed material adverse facts concerning the true state of VFC’s turnaround plans; notably, that additional significant reset actions would be necessary to return the Vans brand to growth, resulting in significant setbacks to Vans’ revenue growth trajectory. The truth emerged on May 21, 2025, when VFC reported its fourth quarter and full-year fiscal 2025 results, highlighting a significant decline in Vans’ growth trajectory, which faltered from an 8% loss the quarter before to a 20% loss in the fourth quarter, and noting such decline would continue through the next quarter. The Company attributed its results and below-expectation guidance largely as “a direct effect of deliberately reduced revenue to eliminate unprofitable or unproductive businesses” and “an additional set of deliberate actions” already in-place but previously unannounced. VFC further noted that, disregarding these deliberate actions, Vans would still have shown a “high single digit[]” revenue decline, suggesting growth slowed in comparison to the prior years’ sequential improvements irrespective of management’s new “deliberate actions.” On this news, the price of VFC’s common stock declined dramatically. From a closing market price of $14.43 per share on May 20, 2025, VFC’s stock price fell to $12.15 per share on May 21, 2025, a decline of about 15.8% in the span of just a single day.

DEADLINE: November 12, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/v-f-corporation-loss-submission-form/?id=176093&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of VFC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is November 12, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Lantheus Holdings, Inc. (NASDAQ: LNTH).

Shareholders who purchased shares of LNTH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/lantheus-holdings-inc-loss-submission-form-2/?id=176097&from=3

CLASS PERIOD: February 26, 2025 to August 5, 2025

ALLEGATIONS: According to the filed complaint, defendants made false statements and/or concealed that: defendants created the false impression that they possessed reliable information pertaining to the Company’s projected revenue outlook and anticipated growth while also minimizing risk from competition and pricing dynamics, seasonality, and macroeconomic fluctuations. In truth, Lantheus’ optimistic reports of Pylarify’s sales growth potential and pricing normalization fell short of reality; Lantheus, despite defendants claims, did not have an accurate understanding of the pricing and competitive dynamics of Pylarify’s market.

DEADLINE: November 10, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/lantheus-holdings-inc-loss-submission-form-2/?id=176097&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of LNTH during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is November 10, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Fly-E Group, Inc. (NASDAQ: FLYE).

Shareholders who purchased shares of FLYE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/fly-e-group-inc-loss-submission-form/?id=176100&from=3

CLASS PERIOD: July 15, 2025 to August 14, 2025

ALLEGATIONS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the safety of Fly-E’s lithium battery which in turn took a material toll on its E-vehicle sales revenue, despite making lofty long-term projections, Fly-E’s forecasting processes fell short as sales continued to decline and operating expenses increased, ultimately, derailing the Company’s revenue projections. On August 14, 2025, the truth emerged when Fly-E filed a form NT 10-Q: Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026 revealing a substantial decrease of 32% in net revenues “primarily driven by a decrease in total units sold.” In pertinent part, the Company attributed the decline to “recent lithium-battery accidents involving E-Bikes and E-Scooters.” Following this news, the price of Fly E’s common stock declined dramatically. From a closing market price of $7.76 per share on August 14, 2025, Fly-E’s stock price fell to $1.00 per share on August 15, 2025, a decline of about 87% in the span of just a single day.

DEADLINE: November 10, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fly-e-group-inc-loss-submission-form/?id=176100&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FLYE during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is November 10, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

Key Takeaways Recent weakness in AI stocks has been at the forefront of concerns. The absence of economic data has added fuel to the worries. Just NVIDIA remains to report from the Mag 7 group.
The recent pullback in leading artificial intelligence stocks has rekindled concerns about the group’s stock price momentum and market leadership. The absence of economic data due to the government shutdown, at a time of economic vulnerabilities, is adding to market angst.

Valuation concerns typically take a back seat during periods of market exuberance, but take center stage when the outlook is murky. Valuation levels are unhelpful, whether we are looking at the Mag 7 group or the market as a whole.

The chart below shows the forward 12-month P/E for the Zacks proxy for the Mag 7 group and the S&P 500 index over the last 10 years.

Image Source: Zacks Investment Research

Relative to the market as a whole, the Mag 7 group is trading at a 36% premium at present. Over the last 10 years, the group’s valuation premium to the market has been as high as 72%, as low as 24%, with the median at 45%.

As you can see here, while the absolute valuation levels are at or near record levels, they don’t appear unusually stretched in relative terms, particularly if you aren’t sympathetic to the ‘AI bubble’ narrative.

What we are saying here is that pullbacks along the lines of what we are seeing in recent days need not be catastrophized; they are part of a healthy and dynamic marketplace. Even after the group’s recent weakness, Mag 7 stocks are up +17.9% this year vs. the market’s +16% gain. The group is up +23.1% over the past year vs. a +14.1% gain for the S&P 500 index.

It is reasonable to be skeptical of the value of Meta’s (META - Free Report) AI investments or the lofty pronouncements from OpenAI about new relationships, whether on the infrastructure side with chipmakers or the long-term tie-ins with leading hyperscalers.

A notable contributing factor in establishing the Mag 7 group’s leadership status is the group’s enormous earnings power and impressive growth profile. For Q3, the group’s earnings are on track to be up +26.7% from the same period last year on +17.6% higher revenues, which would follow the group’s +26.4% earnings growth on +15.5% revenue growth in the preceding period (2025 Q2).

Not all members of the elite group are equally contributing to the growth pace, ranging from Tesla’s (TSLA - Free Report) -39.5% earnings decline in Q3 to Alphabet’s (GOOGL - Free Report) +33% jump.

The chart below shows the group’s blended Q3 earnings and revenue growth relative to the preceding period and the expected growth over the next three periods.

Image Source: Zacks Investment Research

Estimates for the current period (2025 Q4) are going up, with the current earnings growth rate of +14.3% up from +12.2% a week ago.

Market participants appear to have found their peace with these companies’ ever-rising capex plans, particularly if management teams can show some tangible gain in their results. We saw that with Amazon (AMZN - Free Report) and Alphabet, with both showing accelerating gains in their respective cloud businesses.

Microsoft reported strong cloud revenue growth of +26% from the same period last year, a modest downtick from the preceding period’s +27% growth pace, with the December-quarter guidance indicating further deceleration. Despite this deceleration in cloud revenues, management indicated an accelerating capex spending trend in fiscal year 2026. The increased capex is expected to address the capacity issue that has been the primary driver of decelerating cloud revenue growth at Microsoft.

Unlike Amazon, Microsoft, and Alphabet, Meta can’t point to a specific business unit whose revenues are accelerating due to the spending growth. Market participants were disappointed with management’s raised guidance for 2026 capex and operating expenses, coupled with almost in-line revenue guidance for the December quarter.

The chart below shows the performance of Microsoft (down -4.9%), Meta (down -15.2%), Amazon (up +7.3%), and Alphabet (up +15.5%) relative to the S&P 500 index (up +0.5%).

Image Source: Zacks Investment Research

The chart below shows the Mag 7 group’s earnings and revenue growth picture on an annual basis.

Image Source: Zacks Investment Research

Please note that the Mag 7 group is on track to bring in 25.3% of all S&P 500 earnings in 2025, up from 23.2% of the total in 2024 and 18.3% in 2023. Regarding market capitalization, the Mag 7 group currently accounts for 34.9% of the index. If this group of mega-cap companies was a stand-alone sector, it would be the second-biggest in the S&P 500 index, just behind the Technology sector at 43.7% and above the Finance sector at 12.9%.

Q3 Earnings Season ScorecardIncluding all reports released through Friday, November 7th, we now have Q3 results from 451 S&P 500 members, or 90.6% of the index’s total membership. Total earnings for these companies are up +14.6% from the same period last year on +8.2% higher revenues, with 82.7% beating EPS estimates and 76.1% beating revenue estimates.

The comparison charts below place the Q3 earnings and revenue growth rates of these companies in historical context.

Image Source: Zacks Investment Research

The comparison charts below show the Q3 EPS and revenue beats percentages in a historical context.

Image Source: Zacks Investment Research

For the Tech sector, we now have Q3 results for 70.3% of the sector’s market capitalization in the S&P 500 index. Total earnings for these Tech companies are up +24.4% from the same period last year on +12.6% higher revenues, with 87.9% beating EPS estimates and 86.4% beating revenue estimates.

The comparison charts below show the sector’s Q3 EPS and revenue beats percentages in a historical context.

Image Source: Zacks Investment Research

The comparison charts below show the sector’s Q3 earnings and revenue growth rates in a historical context.

Image Source: Zacks Investment Research

The Earnings Big PictureThe chart below shows current Q3 earnings and revenue growth expectations for the S&P 500 index in the context of the preceding 4 quarters and the coming four quarters.

Image Source: Zacks Investment Research

Please note that the +14.6% earnings growth rate for Q3 shown above represents the blended growth rate for the quarter, which combines the actual results for the 451 companies that have reported with estimates for the companies still to report.

The chart below shows the overall earnings picture on a calendar-year basis.

Image Source: Zacks Investment Research

In terms of S&P 500 index ‘EPS’, these growth rates approximate to $260.83 for 2025 and $291.90 for 2026.

For a detailed view of the evolving earnings picture, please check out our weekly Earnings Trends report here >>>>Q3 Earnings Season: Tech Sector Remains Growth Driver

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.

The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis.
The author is long gold.

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.

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Baxter International, Inc. (NYSE: BAX).

Shareholders who purchased shares of BAX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/baxter-international-inc-loss-submission-form-2/?id=176105&from=3

CLASS PERIOD: February 23, 2022 to July 30, 2025

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (a) Baxter's recently launched product, the Novum LVP, suffered systemic defects that caused widespread malfunctions, including underinfusion, overinfusion, and complete non-delivery of fluids, which exposed patients to risks of serious injury or death; (b) Baxter was notified of multiple device malfunctions, injuries, and deaths from these defects; (c) Baxter’s attempts to address these defects through customer alerts were inadequate remedial measures, when design flaws persisted and continued to cause serious harm to patients; (d) as a result, there was a heightened risk that customers would be instructed to take existing Novum LVPs out of service and that Baxter would completely pause all new sales of these pumps; and (e) based on the foregoing, Baxter’s statements about the safety, efficacy, product rollout, customer feedback and sales prospects of the Novum LVPs were materially false and misleading.

DEADLINE: December 15, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/baxter-international-inc-loss-submission-form-2/?id=176105&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of BAX during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is December 15, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

KE Holdings Inc. ( BEKE ) Q3 2025 Earnings Call November 10, 2025 7:00 AM EST Company Participants Siting Li - Investor Relations Director & Joint Company Secretary Tao Xu - CFO & Executive Director Yongdong Peng - Co-Founder, Chairman & CEO Conference Call Participants John Lam - UBS Investment Bank, Research Division Griffin Chan - Citigroup Inc., Research Division Jiong Shao - Barclays Bank PLC, Research Division Timothy Zhao - Goldman Sachs Group, Inc., Research Division Presentation Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc. Third Quarter 2025 Earnings Conference Call.

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Avantor, Inc. (NYSE: AVTR).

Shareholders who purchased shares of AVTR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/avantor-inc-loss-submission-form/?id=176108&from=3

CLASS PERIOD: March 5, 2024 to October 28, 2025

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Avantor’s competitive positioning was weaker than defendants had publicly represented; (2) Avantor was experiencing negative effects from increased competition; and (3) as a result, defendants’ representations about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

DEADLINE: December 29, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/avantor-inc-loss-submission-form/?id=176108&from=3

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AVTR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is December 29, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

Silver climbed above $50 again, becoming the top performer among traditional assets. Silver has gained a net 58% in the year to date, while BTC stalled with around 30% in net gains.

BitMine purchases 110,288 ETH in one week, pushing total holdings to 2.9% of the Ethereum supply.

Newton Gitonga2 min read

10 November 2025, 06:37 PM

The firm now controls 3,505,723 Ethereum tokens. At current market prices, this portfolio is valued at approximately $12.3 billion. BitMine Chairman Thomas Lee confirmed the milestone in a statement released on Monday. The company ranks as the world's second-largest crypto treasury, trailing only Strategy's Bitcoin holdings.

BitMine Immersion Technologies has strengthened its position as a major cryptocurrency treasury holder. The company purchased 110,288 ETH tokens in the past week. This acquisition represents a 34% increase compared to the previous week's buying activity.

Top DATs by Crypto Holdings (USD) (Including Strategy), Source: Yahoo Finance

"This pushed our ETH holdings to 3.5 million, or 2.9% of the supply of ETH," Lee stated. He emphasized the company's progress toward a strategic benchmark. "We are now more than halfway towards our initial pursuit of the 'alchemy of 5%' of ETH."

At press time, Ethereum was trading at $3,550, representing a 1.16% increase over the last 24 hours. The token has declined nearly 8% over the past month. Market volatility has affected the broader cryptocurrency sector during this period.

BitMine shares demonstrated positive momentum despite the decline in the ETH price. BMNR stock changed hands at $41.97 per share. This represented a 4% gain for the trading session. The company's aggressive accumulation strategy has maintained investor confidence.

The previous week, BitMine added 82,353 ether to its reserves. That purchase brought holdings close to 3.4 million tokens. The consistent buying pattern demonstrates the company's commitment to its stated goal of controlling 5% of Ethereum's total supply.

Treasury Diversification and Cash PositionBitMine maintains a diversified cryptocurrency portfolio beyond its primary Ethereum holdings. The company reported owning 192 Bitcoin tokens. This smaller BTC position complements the firm's Ethereum-focused strategy.

Cash reserves have grown substantially. BitMine announced its cash holdings reached $398 million on Monday. This liquidity provides flexibility for future acquisitions. The robust cash position enables continued token purchases without immediate financing needs.

The broader crypto treasury sector has faced headwinds recently. The total market capitalization of companies holding BTC, ETH, or SOL has decreased. Excluding Strategy, Coinbase, and Tesla, the combined market cap fell to approximately $61 billion by the end of last week. This decline reflects both price movements and shifting market sentiment.

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Newton Gitonga

Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

Read more about

EthereumLatest Tether News

TL;DR

Bitcoin has experienced its fourth death cross, signaling weakening momentum and rising bearish sentiment.
The cryptocurrency recently fell below its 365-day moving average of $102,000, removing a critical technical support level.
Market indicators, including CryptoQuant’s Bull Score Index, have reached extreme bearish levels, reflecting heightened risk for short-term traders and raising questions about potential deeper corrections in the months ahead.

Bitcoin has entered a highly cautious phase following the appearance of its fourth death cross, a technical pattern that historically precedes sustained price declines. This formation, where the 50-day moving average crosses beneath the 200-day moving average, points to diminishing bullish momentum and growing investor wariness.

November began on a weak note, with Bitcoin briefly dropping below $100,000 twice, adding to the market’s uncertainty. Analysts are split on the outlook. Some interpret the pullback as a standard correction within a broader bullish cycle, while others warn it could be the beginning of a prolonged downturn.

Market Sentiment And Technical Signals Show Warning Signs
CryptoQuant’s recent weekly report highlights that Bitcoin slipping below its 365-day moving average of $102,000 represents the loss of a key technical and psychological support. The platform’s Bull Score Index, which gauges market optimism, has fallen to zero for the first time since June 2022, underscoring extreme bearish sentiment. Traders are advised to exercise caution and monitor short-term indicators closely, as volatility may remain elevated.

Analysts Debate Potential Recovery Timeline
Despite bearish signals, some market observers emphasize Bitcoin’s resilience over longer cycles. Historical data shows that after previous death crosses, BTC often experiences substantial short-term declines but can resume upward trends once consolidation occurs. Analysts suggest monitoring on-chain metrics, liquidity levels, and macroeconomic developments, particularly interest rate adjustments and global financial policy, which could influence recovery prospects.

Investor focus is likely to remain on both technical thresholds and broader economic cues. While Bitcoin’s current positioning reflects caution, proponents argue that these periods of consolidation may present strategic entry points for those aiming to hold through future bullish phases.

Bitcoin’s ongoing fluctuation illustrates the delicate balance between technical indicators and market psychology. As the cryptocurrency navigates this extremely bearish phase, traders and investors are closely evaluating whether the current downtrend represents a temporary pause or a signal of deeper market realignment.

BitMine Immersion Technologies, the world's largest Ethereum holder, has added more of the altcoin to its haul. The firm, led by Wall Street veteran Tom Lee, announced it had significantly bolstered its Ethereum reserves on November 10, 2025. The acquisition strengthens BitMine as the largest corporate holder of ETH. BitMine buys more ETH On Nov.

Key NotesAnalyst predicts US government liquidity injection of up to $70 billion could push Bitcoin to $116K by late November.Short-term analysis suggests BTC may first dip to $104K due to CME gap and technical indicators before rallying.CrypNuevo maintains 100% win rate across 13 recent trades, lending credibility to the forecast.
Bitcoin

BTC
$105 419

24h volatility:
1.0%

Market cap:
$2.11 T

Vol. 24h:
$74.15 B

could be preparing itself for the next rally that a prominent analyst believes could happen by Thanksgiving and Black Friday, by the end of November. The professional trader, however, seems to believe BTC is not out of the woods yet and could revisit lower prices as a next step before this bullish move.

The analyst is CrypNuevo, a professional trader with notable accuracy in his public calls, made on X and in an open Telegram group, who registered a 100% win rate in 13 recent trades, as Coinspeaker reported on Oct. 27, covering a previous analysis.

On Nov. 8, he explained his thesis that the US Government reopening will inject “some interesting liquidity” into the market, which is expected to have already happened “by Thanksgiving and Black Friday,” on Nov. 27 and 28, respectively. This should push Bitcoin’s price to the upside, together with other markets that could receive part of the liquidity coming from the delayed payouts of up to $70 billion, according to CrypNuevo.

In a post on X on Sunday, Nov. 9, the trader doubled down on this theory, warning that the reopening could happen in the week before Thanksgiving—between Nov. 17 and 20. The target is a two-month range high at around $116,000, with a massive liquidity pool above it that the analyst has been targeting since the Oct. 10-11 crash.

$BTC Sunday update:

Price reached our target from last Sunday – a very interesting level:

1W50EMA, Oct 10th long wick filled, Range lows & $100k psychological level.

This is how I'll be trading next week:

🧵↓(1/7) pic.twitter.com/ICuEdeLEN4

— CrypNuevo 🔨 (@CrypNuevo) November 9, 2025

Bitcoin Short-Term Price Analysis Before Thanksgiving Rally
Nevertheless, a more recent analysis warns traders that Bitcoin is not out of the woods yet and the leading cryptocurrency could revisit lower prices before the forecasted Thanksgiving rally.

This is because “there is a small CME gap,” in the analyst’s words, “in confluence with 1h50EMA retest, range highs & Asian pump retrace.”

$BTC update:

$105.5k liquidations hit and extension to $106.5k resistance done🤝

Now looking to trade the retrace > continuation, the second move:

Price could drop to low $104ks where there is a small CME gap in confluence with 1h50EMA retest, range highs & Asian pump retrace. https://t.co/5pCUcVOlJP pic.twitter.com/nLPDFgRUrV

— CrypNuevo 🔨 (@CrypNuevo) November 10, 2025

A CME gap refers to the price difference between the closing price of Bitcoin futures on the Chicago Mercantile Exchange (CME) on Friday and the opening price when trading resumes on Sunday. This is often used as an indicator together with other leading indicators like the 50-period exponential moving average, which CrypNuevo also mentions in his analysis, hovering around the same level as the gap.

All this confluence strengthens the prediction that targets a price as low as $104,000, with some potential deviation to the downside before BTC can move to a rally that aims to recover the price loss from the unprecedented crash that liquidated over $19 billion in mid-October.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Bitcoin News, Cryptocurrency News, News

Vini Barbosa has covered the crypto industry professionally since 2020, summing up to over 10,000 hours of research, writing, and editing related content for media outlets and key industry players. Vini is an active commentator and a heavy user of the technology, truly believing in its revolutionary potential. Topics of interest include blockchain, open-source software, decentralized finance, and real-world utility.

Vini Barbosa on X

TLDR

Optimism returns to the market, focusing traders on altcoins with strong on-chain metrics.
Sei (SEI) surpasses Bitcoin and Ethereum in monthly active addresses (12.9M) and offers fees of $0.0004.
Arbitrum (ARB) shows signs of accumulation (“liquidity grab”) and analysts see upside potential in the L2.

Optimism is returning to the cryptocurrency market amid signs of a possible resolution to the prolonged US government shutdown. While Bitcoin (BTC) remains relatively stable, traders are beginning to refocus their capital on altcoins that demonstrate real on-chain strength.

In this scenario, two assets stand out for their on-chain fundamentals: Sei (SEI) and Arbitrum (ARB). Both present emerging technical and fundamental signals that could define the next wave of market rotation.

Sei (SEI) Impresses with User Growth and Efficiency
Sei Network continues to generate headlines as one of the fastest-growing blockchains. The latest on-chain metrics reveal 12.9 million monthly active addresses, catapulting Sei to sixth place globally and surpassing established players like Bitcoin (10.4M), Base (9.6M), and Ethereum (8.3M). This growth, nearly 200% since mid-2025, underscores the accelerated adoption of its high-speed, low-cost environment.

At the same time, Sei’s economic efficiency is proving to be a key competitive advantage. The network boasts the lowest average transaction fee among major chains: just $0.0004 per transaction. In comparison, Ethereum and Bitcoin sit at $5.70 and $5.50, respectively. This scalability has helped push Sei’s cumulative trading volume past $138 billion.

The SEI token has reacted positively, jumping more than 30% after confirming a buy signal on the daily chart, currently trading around $0.183. Analysts like Michaël van de Poppe note that SEI is holding a crucial support level.

Meanwhile, Arbitrum (ARB) is also seeing renewed investor interest after months of trading sideways. Analysts describe its recent price action as a “liquidity grab and reclaim” pattern, a classic setup where the market sweeps low levels before reversing upward.

On-chain data supports this thesis, showing that top wallets are increasing their exposure to ARB. Van de Poppe also identified a strong bullish divergence for ARB, describing it as one of the most promising Layer-2 projects, with the potential to outperform Bitcoin by up to 200%.

The simultaneous strength of Sei and Arbitrum’s on-chain fundamentals reflects a broader shift in market sentiment, with capital rotating toward high-performance ecosystems.

The cryptosphere is keeping a close eye on Ethereum (ETH), as the second-largest cryptocurrency by market cap demonstrates resilience amid market shakes.

While spot ETF outflows are causing concern in some quarters, underlying network fundamentals and technical charts are painting a cautiously optimistic picture, with analysts pointing to a potential move toward the $4,400 mark.

Ethereum ETF Outflows and Institutional Sentiment
Despite ETH’s recent price recovery, institutional sentiment appears to be on firmer ground even as exchange-traded funds (ETFs) tied to Ethereum record sizeable outflows.

Data show that Ethereum spot ETFs suffered a net outflow of approximately $508 million over the week, marking one of the largest weekly withdrawals in their history. This mirrors a broader shift in investor behaviour: while traditional crypto-fund inflows have tapered, margins of institutional conviction remain steady.

On the one hand, redemptions suggest a short-term cooling of enthusiasm for ETH amongst ETF investors. On the other hand, this rotation may reflect a more strategic recalibration rather than a wholesale withdrawal of institutional capital.

ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview
Strong ETH Price Support and Technical Setup
From a price-action standpoint, Ethereum shows signs of stabilisation. After a sharp weekly drop of around 12 %, the asset has rebounded above the $3,400 level. Analysts have identified key resistance near $3,720, with breakout targets in sight at approximately $4,400 and a further extension toward $4,955.

Key technical highlights include:

Holding the $3,200–$3,350 liquidity zone as support before the rebound.

The break of a bearish trend line near $3,350, alongside clearing the 50 % Fibonacci retracement of the recent decline.

Momentum indicators, such as MACD and RSI, are entering bullish territory, suggesting that the upside could be favored if resistance levels are conquered.

Network Fundamentals and Catalysts
Beyond price movements, Ethereum’s on-chain fundamentals offer reason for optimism. While some metrics are cooling, the total value locked (TVL) in the network has fallen by roughly 24% in the past 30 days to around $74.2 billion.

On the flip side, Ethereum’s revenue from applications hit record levels as recently as mid-October, driven by stable-coin activity and increasing usage of the network’s “economic machine.”

A key upcoming catalyst is the planned “Fusaka” upgrade, scheduled for early December, which is expected to enhance scalability and security in the Ethereum network, potentially boosting long-term value drivers.

While short-term challenges persist, including ETF outflows and macroeconomic uncertainty, the confluence of a strong technical setup, institutional interest, and network upgrades has led some analysts to feel comfortable pushing higher targets.

Cover image from ChatGPT, ETHUSD chart on Tradingview

BitMine shares climbed over 6% as the market absorbed its latest treasury report, which confirmed the firm now holds 3.5 million ETH, pushing it closer to controlling a historic 3% of the entire supply.

Summary

BitMine stock rose over 6% after revealing it now holds 3.5 million ETH.
The firm added $400 million worth of ETH during the recent dip, raising its treasury to $13.2 billion.

On Nov. 10, BitMine Immersion Technologies disclosed it had purchased 110,288 Ethereum (ETH) tokens during the previous week’s market softness. This $400 million acquisition boosted its total stake to 3.5 million tokens, valued at roughly $12.7 billion at current market prices.

Chairman Tom Lee characterized the buying spree as a strategic move to capitalize on lower prices, revealing the firm’s ETH accumulation rate jumped 34% week-over-week. This push increases BitMine’s ownership to 2.9% of Ethereum’s total supply, officially crossing the halfway mark toward its long-stated goal of reaching 5%.

“The recent dip in ETH prices presented an attractive opportunity and BitMine increased its ETH purchases this week,” Lee said. “We are now more than halfway towards our initial pursuit of the ‘alchemy of 5% of ETH. Additionally, BitMine increased our cash holdings to $398 million from $389 million.”

BitMine’s stock rally amid ETH buying spree
BitMine’s 6% jump on Nov. 10 extended what has become one of the most notable equity rallies in the digital asset space this year. The company’s stock has gained over 300% since July, even after a sharp pullback from its October peak above $56, according to Yahoo Finance data.

At roughly $42 a share, BitMine remains one of the most liquid blockchain-linked equities, a status that continues to attract institutional capital amid a fragile recovery in the crypto market.

Data from Fundstrat reveals BitMine stock traded an average of $1.6 billion per day over a recent five-day period, a figure that catapults it to the rank of the 48th most traded stock in the U.S. This also places it in the realm of established tech giants, nestled between Lam Research and Arista Networks in terms of daily dollar volume.

Combined with Michael Saylor’s Strategy, whose $67 billion Bitcoin treasury remains the largest in the world, the two companies now account for 88% of all global digital asset treasury trading volume, according to the press release.

Ethereum traded around $3,550 as of press time, having briefly risen to $3,649 earlier in the day before paring gains.