Market maker Wintermute warned that new capital has stopped flowing into the cryptocurrency market, with current trading activity driven by reallocation of existing funds rather than fresh inflows. The firm noted that stablecoins, ETFs, and digital asset treasury companies expanded from $180 billion to $560 billion since early 2024, but growth momentum has since slowed. Price rallies are now shorter and produce smaller gains as capital rotates internally among existing participants.

Bitcoin fell to $103,668 on Tuesday, breaking below its $109,000 cost basis where 85% of supply was profitable. The next support level sits at approximately $99,000, according to Glassnode data. The Crypto Fear and Greed Index dropped to 21 points, signaling extreme fear in the market.

Balancer suffered a security breach on November 3, 2025, resulting in approximately $116 million in losses across Ethereum, Arbitrum, Base, and Optimism networks. The attack exploited smart contract vulnerabilities to drain wrapped ETH from the decentralized exchange protocol. Ethereum's mainnet accounted for $91 million of the total losses, with the attacker's wallet identified holding multiple versions of unwrapped stolen assets.

Bitcoin miners deposited 210,000 BTC to exchanges throughout October, with Binance receiving 108,000 coins from October 16 onward, according to CryptoQuant data. The transfers occurred as Bitcoin declined from above $126,000 to around $107,000. Miner reserves fell to 1.89 million BTC from over 2 million coins held the previous year.

Ethereum staking participants hold a Market Value to Realized Value ratio of 1.7, compared to 1.5 for holders of freely circulating ETH, according to on-chain data. Over 36 million ETH remains locked in staking contracts. The unstaking queue has extended to 45 days, with 2.49 million ETH awaiting withdrawal from the Beacon Chain.

Core Scientific (CORZ) shareholders voted down a proposed $9 billion all-stock merger with CoreWeave (CRWV) on October 30, 2025. CORZ shares climbed above $23 following the decision, while CRWV declined 5.47% to $132.28. The company will continue independent operations, focusing on colocation services and Bitcoin mining with a treasury of 2,116 BTC.

Large-scale Bitcoin orders have declined significantly following October 10, with both spot and derivatives whale activity slowing. Treasury companies reduced their BTC purchases while open interest remains subdued, signaling increased caution among institutional players.

The French UDR party, led by Eric Ciotti, has introduced a comprehensive cryptocurrency policy bill to parliament. The proposal includes establishing a national Bitcoin reserve of 420,000 BTC and promoting euro-denominated stablecoins with favorable tax treatment.

Bitcoin strengthened against gold, now purchasing over 28 ounces compared to 24 ounces in early October. Spot gold fell below $4,000 to $3,987.28, extending losses from the previous week. Bitcoin recovered above $115,000 during the period.