Overview
- Bitcoin briefly slipped below $94,000 over the weekend to roughly $93,000 before rebounding to the mid-$95,000s, with key support flagged at $93,000–$95,000 and a potential liquidation pocket near $92,840 that could expose the $87,500 area.
- Digital-asset products saw about $2 billion in outflows last week, and U.S. spot Bitcoin ETFs logged additional daily redemptions of roughly $390 million, pushing November’s total withdrawals toward $2.7 billion.
- Derivatives stress intensified as futures liquidations ran into the hundreds of millions of dollars, open interest fell across majors, and options flows skewed toward protective puts with front-end volatility above 50% annualized.
- Sentiment slid to ‘extreme fear,’ with the Crypto Fear & Greed Index near 17/100, reflecting de-risking as liquidity thinned and technical structure turned bearish following the 50/200-day moving-average crossover.
- XRP’s new U.S. spot ETF (XRPC) debuted with about $58.6 million in first-day volume and roughly $248 million in assets, yet XRP hovered around $2.22–$2.26 and absorbed around $28 million in long liquidations.