Overview
- Bitcoin is consolidating around $89,000–$91,000 after a seven‑month low near $89,970, with options desks pricing roughly 50% odds of a year‑end finish below $90,000 as implied volatility and put skew climb.
- Spot Bitcoin ETFs have seen roughly $3 billion in November redemptions per SoSoValue, with additional daily outflows reported that have thinned liquidity across the market.
- On‑chain analysts report long‑term Bitcoin holders and veteran whales moving or selling sizable positions into institutional hands, contributing to near‑term selling pressure despite longer holding horizons for new buyers.
- Ethereum trades near $3,000 above its 200‑week moving average as Binance’s Estimated Leverage Ratio hits a record and about 509,900 ETH flow into the exchange, raising the risk of liquidation‑driven swings amid lighter volumes.
- The broad selloff has wiped out more than $1 trillion in crypto value, XRP has fallen to roughly $2.12 with about 41.5% of supply at a loss, and Litecoin is range‑bound near $94 with resistance around $105–$110.