Trading

Institutional investors are purchasing Bitcoin at a pace that offsets selling by long-term holders, according to ARK Invest. Bitcoin's liveliness metric hit 0.89, the highest level since 2018, indicating significant movement of coins held for years. ETFs and corporate treasuries controlled approximately 2.39 million BTC as of November 15, 2025.

Tether and Circle have issued over $14 billion in new stablecoins since October 10, with Circle recently minting an additional $750 million USDC. USDC dominance has climbed to approximately 2.33%, its highest level in nearly a year. The surge in stablecoin issuance comes as investors rotate into stable assets amid market uncertainty, with Bitcoin falling below $100,000 and altcoins extending losses that began in early October.

Solana has dropped 30% during Q4, making it one of the weakest performers among major cryptocurrencies. While retail investors and whales have capitulated, institutional holders have accumulated 24 million SOL tokens across 20 digital asset trusts and 2 ETFs, pushing their exposure to all-time highs.

Bitcoin mining facilities that adjust operations based on grid demand are increasingly valued as a grid service in power markets. High renewable energy regions face elevated curtailment levels, while brief scarcity periods create value for rapid demand reduction. This dynamic enables mining operations to absorb excess midday power and scale back during peak demand hours.

Digital asset markets lost $1.1 trillion between October 6 and November 17, with Bitcoin declining 25% from above $126,000 to around $93,000, data show. Analyst Shanaka Anslem Perera described the event as a structural reset driven by over-leveraged positions rather than a typical cycle correction. The contraction represents one of the sector's most severe drawdowns on record.

A wallet tagged as BlackRock's ETHA Ethereum fund transferred over $176 million in Ether to Coinbase Prime through five 10,000 ETH transactions, according to on-chain data. Separately, a wallet associated with BitMEX co-founder Arthur Hayes sent tokens including LDO, ENA, UNI, and AAVE to market maker Wintermute and multiple exchange addresses. ETH market dominance has stabilized near 12% after recovering from the 7–8% support zone.

Bitcoin dropped to the $92,500 range after breaking below the $93,000 support level that had held for several months. Technical indicators including the weekly SuperTrend, RSI, and MACD have all turned bearish, signaling potential further downside. Institutional selling has intensified, with BlackRock reportedly offloading BTC through its ETF, adding to downward pressure on the market.

CBOE Global Markets will introduce Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET) on December 15, pending regulatory review. The CFTC-regulated contracts feature a 10-year expiration with daily cash adjustments. Trading will operate 23 hours per day, five days per week, offering U.S. traders perpetual-style exposure within a regulated framework.

Bitcoin dropped below $100,000 as exchange volumes fell to approximately $430 million from $1.3 billion on October 11, according to blockchain data. Market participants have observed persistent selling pressure without public disclosure, fueling speculation that a major holder may be reducing positions. CryptoQuant CEO Ki Young Ju suggests long-term holders are rotating assets to institutional investors rather than exiting entirely.

Cboe Global Markets will launch bitcoin and ether continuous futures contracts on December 15, pending regulatory approval. The products will offer perpetual-style exposure on a U.S.-regulated platform with 10-year expiries and daily cash adjustments to maintain alignment with underlying asset prices.