Bitcoin increasingly functions as a long-term savings instrument with holders transferring coins to cold storage and maintaining positions through market volatility, according to Glassnode research. Ethereum sustains continuous circulation through DeFi protocols, smart contracts, and staking mechanisms, with long-term ETH holders interacting with their assets three times more frequently than BTC holders. Approximately 25% of total ETH supply remains locked in staking or ETFs, demonstrating store-of-value demand alongside operational utility.

Bitcoin briefly fell below $100,000 on November 5, 2025, triggering more than $1.7 billion in liquidations across cryptocurrency exchanges. Analysts say the decline resulted from excessive leverage unwinding rather than long-term investor selling. Market observers identify the $100,000 level as critical support, with on-chain data showing holders maintaining positions.

Coinbase is in advanced negotiations to acquire BVNK, a London-based stablecoin payment infrastructure provider, in a deal valued at approximately $2 billion. The acquisition would give the U.S. exchange control over merchant payment systems connecting blockchain and traditional finance. Sources familiar with the matter say the transaction could close before the end of 2025, subject to completion of due diligence.