Crypto Market
|
Crypto |
BTC |
ETH |
|
Weekly High |
$ 106,562 |
$ 3,628 |
|
Weekly Low |
$ 93,434 |
$ 3,062 |
BTC and ETH Market Insight
Last week BTC plunged from ~$110K to below $100K, shattering the $100K support amid broader market exhaustion. ETH dropped from ~$3.9K to ~$3K. Total crypto cap shed 20$ from October highs, erasing most 2025 gains. The support level at ~$3.4K was observed. BTC ETF saw $1.2B net outflow and ETH ETF saw $0.5B net outflow last week. CMC crypto greed and fear index once dropped to 20 (extreme fear) On Nov 5th, with BTC RSI signaling oversold.
Upcoming Macro Calendar - Source: Trading Economics
Options Market
The crypto options market sustained elevated volatility throughout the past week, with institutional hedging dominating flows amid persistent macro uncertainties—such as Fed policy signals and ETF positioning—driving a broad-based rise in implied volatility across the entire term structure for both BTC and ETH. Even as spot prices stabilised and realised volatility moderated, IV remained stubbornly high. Skew continued to reflect rising downside protection demand, mirroring patterns seen in equity indices but amplified by crypto’s pronounced fat-tail risk. Meanwhile, implied funding rates in perpetuals turned negative, signaling a clear shift toward defensive market positioning.
Altcoins and Blockchain News
- Michael Saylor denies rumors of reducing holdings: Strategy is still continuously buying Bitcoin.
- US SEC issues post-shutdown guidance on document processing, potentially cccelerating crypto ETF approvals.
- On-chain data shows that addresses related to the Balancer attack have begun transferring the stolen ETH funds through Tornado Cash.
- Peter Thiel's holdings in Bitmine decreased to 2,547,001 shares, halving from the previous amount.
- Founders of SkyBridge Capital and his son invested over $100 million and led a $220 million funding round for American Bitcoin.
- Luxembourg Finance Minister states ntional fund only allocates assets to Bitcoin.
- IRS issues new guidance allowing Crypto ETPs to stake digital assets.
- Ethereum Foundation advances dAI 2026 Roadmap: Aims to make Ethereum the core decentralized settlement infrastructure for AI.
- FDIC developing guidance on tokenized deposit insurance.
- EU regulators seek to strengthen MiCA regulation, shared order books become a focus.
Macro
The major benchmarks closed mixed for the week: the DJIA added +0.3%, the S&P 500 added +0.1%, and the Nasdaq shed 0.5%. The Chinese stocks retreated after the major indexes hit the highest levels in four years: the Shanghai Composite Index shed 0.18%, the CSI 300 lost 1.08%, while the Hang Seng index added +1.26%.
