Daily liquidation volumes have more than doubled compared to the previous cycle, according to a Glassnode and Fasanara report. Average long position liquidations rose from $28 million to $68 million, while short position liquidations increased from $15 million to $45 million. The shift reflects heightened leverage use across cryptocurrency derivatives markets.

Investor Kevin O'Leary stated he does not anticipate a US Federal Reserve rate cut in December and believes such action would have minimal effect on Bitcoin's valuation. The CME FedWatch Tool shows an 89% probability of a December rate reduction, according to market data. O'Leary maintains Bitcoin will likely fluctuate within 5% of current levels.

Five XRP spot exchange-traded funds began their first complete trading week together on November 30, 2025, after 21Shares launched its TOXR fund. The funds have recorded combined inflows surpassing $660 million in under 30 days, with no outflows across 10 consecutive sessions. Analysts are monitoring whether liquidity dynamics will shift as the products compete for available supply.

An attacker exploited a vulnerability in Yearn Finance's legacy yETH product on November 30, 2025, minting approximately 235 trillion unauthorized tokens. The breach resulted in losses of roughly $9 million in ETH and liquid staking derivatives from liquidity pools. Around 1,000 ETH, valued at approximately $3 million, was transferred to Tornado Cash following the incident.

Bitcoin fell approximately 18% throughout November, trading below $91,000 as the month neared its close. The decline represents one of the steepest November losses in recent years, approaching the 17% drop recorded in November 2019, according to CoinGlass. Some analysts view the pullback as a market reset that has eliminated overleveraged positions.

Bitcoin may reach a new record high following derivatives market developments and accumulation by major holders. Nasdaq filed to raise BlackRock's IBIT options limit from 25,000 to 1 million contracts, a roughly 40-fold increase aimed at easing institutional participation barriers. Large holders have resumed buying while exchange infrastructure expands to accommodate increased demand.

Thailand has implemented a zero percent personal income tax on cryptocurrency capital gains for trades conducted through Securities and Exchange Commission of Thailand (SEC)-licensed platforms, according to Ministerial Regulation No. 399. The exemption runs from January 1, 2025 through December 31, 2029, covering profits from selling or transferring digital assets including Bitcoin on approved domestic exchanges, brokers, or dealers. The policy aims to encourage traders to use regulated platforms and enhance transaction transparency.

Bitcoin's implied volatility has climbed toward 60% over the past two months, marking a shift after remaining subdued since US Bitcoin ETF approval, according to analyst Jeff Park. Options market activity may be amplifying price movements as traders rapidly adjust positions. Bitcoin fell below $85,000 on Thursday, triggering widespread liquidations and increased selling pressure across leveraged trades.

Bitcoin has dropped to its lowest level in several months amid structural capital outflows from the market, according to NYDIG research. The firm's analysis shows spot ETF flows reversed in early October, digital asset treasury premiums declined, and stablecoin supply contracted. These indicators point to systemic liquidity withdrawal rather than panic-driven selling.