Ethereum price was down more than 7% as bears broke below $3,000 to touch $2,940. As sell-off pressure mounts, bears could eye lows of $2,300. BitMine continues to buy ETH, with analysts indicating dips are for buying. Ethereum price is down 7% in the past 24 hours and looks poised for fresh losses as bulls retreat sharply amid renewed selling pressure. This comes as ETH prices dip below the psychological $3,000 level for the first time in months. Notably, the breakdown arrives amid broader market weakness, with Bitcoin extending its rot to hit lows of $89,500. Macro jitters, persistent exchange-traded funds outflows, and signs of capitulation are fueling concerns that the path of least resistance remains lower for BTC, ETH, and the broader crypto market. Ethereum price dips below $3,000 On Tuesday, the ETH price breached the $3,000 mark, trading as low as $2,940. The downturn sees bears extend the downtrend that has seen Ethereum shed more than 7% in the past 24 hours, and 16% from its weekly highs above $3,200. Despite notable accumulation by BitMine, downside momentum has overwhelmed buying interest and ETH risks fresh losses. At the time of writing, the Ethereum price hovered near $2,979, with the top altcoin down sharply as Bitcoin plunged under $90,000. Per CoinMarketCap data, BTC fell to lows of $89,500 across major exchanges, with both coins’ dips coming amid notable buying by Strategy. BitMine disclosed it had acquired an additional 54, 156 ETH over the past seven days, a move that pushed the publicly-traded company’s total holdings to 3. 56 million ETH. Ethereum price forecast While the aggressive buying has failed to stem price declines, bulls remain upbeat long-term. “Crypto prices have not recovered since the liquidation event on Oct 10th. And the lingering weakness has the hallmarks of a market maker (or two) suffering from a crippled balance sheet,” said Thomas “Tom” Lee of Fundstrat, Chairman of BitMine. Lee added: “When a market maker has a ‘hole’ on their balance sheet, they are seeking to raise capital and are reducing their liquidity functions in the market. This is the equivalent of QT (quantitative tightening) for crypto and has the effect of dampening prices. In 2022, this QT effect lasted for 6-8 weeks. And this is probably happening today.” Sell-off pressure is up amid continued outflows from US spot Ethereum ETFs. Technical indicators also paint a decidedly bearish picture, with the daily RSI slipping and the MACD histogram in negative territory. Meanwhile, more than $175 million in ETH liquidations have occurred in the past 24 hours. Coinglass data shows that over $136 million of these are long positions. The breach of $3,000 could thus clear the way for a retest of new multi-month lows. ETH could bounce off the $2,800 region, but weakness would allow bears to target the $2,300-$2,228 region. On the upside, Ethereum bulls face an uphill battle in the near term with major resistance around $3,300.
https://bitcoinethereumnews.com/ethereum/ethereum-price-outlook-bears-pierce-3000-as-sell-off-pressure-mounts/
Tag Archives: bitcoin
Daily Market Update: Bitcoin Drops to $89,100 as Markets Face Increased Sell Pressure
TLDR Bitcoin fell to around $89,1000, down 27% from its record high last month, catching both retail and institutional traders off guard Prediction markets quickly shifted sentiment as traders repriced the decline as a structural issue rather than a routine correction Professional trading desks were unprepared for Bitcoin dropping below $100,000 and losing its 50-week moving average Ethereum dropped to just above $3,000, down 15% for the week, while stock futures also declined ahead of Nvidia earnings On-chain data shows signs of late-stage capitulation but analysts say the market still lacks key signals for a true bottom 💥 Find the Next KnockoutStock! Get live prices, charts, and KO Scores from KnockoutStocks. com, the data-driven platform ranking every stock by quality and breakout potential. Bitcoin continued its decline during Tuesday’s trading session, falling to approximately $89,100. The price represents a 2% drop for the day and a 27% decline from last month’s record high. The selloff caught traders by surprise across both retail and institutional markets. Prediction markets experienced one of their fastest sentiment shifts of the year as participants abandoned bullish scenarios. Polymarket odds for Bitcoin’s price by year-end swung toward further downside. Traders had expected mild weakness rather than the multi-week selloff that has erased most of Bitcoin’s year-to-date gains. Professional Traders Caught Unprepared QCP noted in a recent report that professional trading desks were not positioned for a weekly close below $100,000. The firm described the move as a cycle-level inflection point that traders are still processing. Bitcoin lost its 50-week moving average during the decline. This technical breakdown added to concerns about the depth of the current correction. Ethereum also faced selling pressure, holding just above $3,000. The cryptocurrency fell about 2% over 24 hours and extended its weekly decline to roughly 15%. On-Chain Signals Show Mixed Picture Glassnode data reveals oversold momentum and heavy realized losses in the market. The analytics firm also noted moderating ETF outflows, which could indicate late-stage capitulation pressures. Bitcoin is trading in a zone where previous market bottoms have formed. However, CryptoQuant argues the market lacks the final ingredient for a true bottom. The firm points out that realized losses remain virtually nonexistent. Long-term holders continue selling into strength rather than holding through the decline. The market currently sits between early signs of exhaustion and missing capitulation signals. This creates uncertainty about whether a durable floor has been established. Broader Market Weakness Stock market futures declined Tuesday morning following a tech-led selloff. Dow Jones Industrial Average futures fell 0. 3% while S&P 500 futures dropped 0. 5%. Nasdaq 100 futures slipped 0. 6% as investors awaited Nvidia’s fiscal third-quarter earnings report. The chip giant’s results are due Wednesday after the market close. The Dow Jones Industrial Average tumbled more than 550 points on Monday. The S&P 500 and Nasdaq Composite each shed nearly 1% as selling pressure spread across big tech stocks. Gold prices eased to about $4,069 per ounce, down 0. 3%. Fading expectations for a December Federal Reserve rate cut and a stronger dollar weighed on the metal. Fed funds futures now price in about a 40% chance of a rate cut. This marks a drop from over 90% probability just one month ago. The Federal Reserve’s October meeting minutes are scheduled for release Wednesday. The September jobs report follows on Thursday after delays from the government shutdown.
https://coincentral.com/daily-market-update-bitcoin-drops-to-89100-as-markets-face-increased-sell-pressure/
Dogecoin Price Could Bounce Very Quickly If This Happens At $0.166
The Dogecoin price has generally followed the trajectory of other altcoins relative to Bitcoin, experiencing deeper declines compared to the pioneer cryptocurrency. These declines have left the leading meme coin by market cap in the red, pushing it back down to levels not seen since 2023. As a result, Dogecoin is now in a precarious position where it needs to make a major move, or investors risk further declines as the altcoin struggles to find support.
### Next Trajectory for the Dogecoin Price
Bitguru, in an analysis on X, outlined where the Dogecoin price currently stands and what could determine its next move. It all comes down to a critical level that could send the price in either direction — a point where both bulls and bears are fighting for dominance. This key level is $0.166.
According to the crypto analyst, Dogecoin has been in a clear downtrend for some time, with no strong indications of a reversal. Sideways movement has been the prevailing trend, and catalysts that could trigger another rally have yet to materialize.
Recently, Dogecoin was rejected at $0.1823, a major resistance level for the digital asset. This rejection has put sellers back in control as the price moves toward the critical $0.166 mark. It’s important to note that this $0.166 level lies just above a major support area at $0.16, making it imperative for bulls to reclaim and hold this price to prevent further declines.
### Bearish Signals and Market Challenges
Another challenge Dogecoin faces is the formation of lower highs, which is a bearish signal for any cryptocurrency. Lower highs indicate weakening buyer strength and growing seller dominance. If this pattern continues, it could pave the way for further declines rather than a recovery.
Over the past weekend, the Dogecoin price attempted a rebound but was ultimately pushed back down, as Bitcoin struggled to maintain its position around $95,000.
### What’s Next for Dogecoin?
For bulls to regain momentum and push Dogecoin higher, reclaiming the $0.166 level is the immediate task. Failure to do so with sufficient momentum could lead to a deeper correction. Should the decline continue, the next major support is expected at $0.15 — a level where buying interest could potentially trigger a short-term rebound.
In summary, Dogecoin remains at a critical juncture. The battle between buyers and sellers at the $0.166 level will likely dictate the altcoin’s near-term trajectory, with significant implications for investors and the broader market sentiment.
https://bitcoinethereumnews.com/tech/dogecoin-price-could-bounce-very-quickly-if-this-happens-at-0-166/
Bitcoin Wobbles, Briefly Erasing 2025 Gains
Good morning.
Bitcoin briefly erased its gains for 2025 before stabilizing, marking a volatile start to the year for the cryptocurrency.
Meanwhile, the UK government is set to outline a new crackdown on migrants, signaling stricter immigration policies ahead.
In the property market, sales of multi-million pound homes plunged in October, indicating a cooling trend among high-end real estate buyers.
Stay tuned for more updates on these developing stories.
https://www.bloomberg.com/news/newsletters/2025-11-17/bitcoin-wobbles-briefly-erasing-2025-gains
Crypto Market Watches for Possible Strategy Bitcoin Buy After Latest Saylor Update
Bitcoin Bitcoin’s price action may be soft, but the rumor mill is not. The latest spark came from Michael Saylor, whose brief “Big Week” post paired with a portfolio graphic has traders wondering whether Strategy is about to add even more BTC to its already enormous stash. Earlier speculation that Strategy was reducing its position was dismissed by Saylor, who reiterated that the firm has not sold Bitcoin and intends to maintain its accumulation strategy. Market Narrative Around Halving Cycle Is Also Changing While speculation around Saylor continues, a broader industry discussion has emerged around Bitcoin’s market cycle. Bitwise CEO Hunter Horsley recently said the traditional four-year cycle may be shifting. According to Horsley, expectations of a downturn in 2026 may have encouraged earlier selling, possibly contributing to the correction currently seen in 2025. He noted that Bitcoin’s post-halving performance has been weaker than in previous cycles and suggested that early profit-taking could be reshaping historical patterns. The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo. com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team. Related stories.
https://bitcoinethereumnews.com/bitcoin/crypto-market-watches-for-possible-strategy-bitcoin-buy-after-latest-saylor-update/
Opter, Bitcoin and XRP – 3 Cryptos to Watch This Week
The crypto world may shift fast this week. Opter offers a new way to trade perpetual contracts, Bitcoin sits near major support, and XRP faces a big ETF moment. Read on to see what could move prices and why OPTER looks set to lead the pack—despite still being in presale.
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### Opter Launches Presale with $2.8 Billion Market Cap Target
Opter is a trading platform built for people who demand speed and control. It allows users to trade perpetual contracts on crypto and real assets with up to 100x leverage. You can sign up with just an email or connect a wallet, with no lengthy KYC process to slow you down.
The presale is unique. You can buy OPTER tokens directly or earn them simply by trading on the platform. For example, trading $100,000 earns you 800 OPTER tokens. There are 400 million tokens available for sale in this stage, and the price rises after each stage, so early buyers get the lowest rate.
A portion of trading fees is used to buy back tokens on the open market. Half of these bought-back tokens are permanently burned. Another share goes to staking rewards, and a portion funds the protocol and marketing efforts. This setup pushes supply down while rewarding token holders.
Analysts who follow the perpetual markets note the space handles huge volume. Exchanges in this area pull in over a billion dollars in fees annually. If Opter captures even a small share of that market, it could grow rapidly.
The mechanics are simple yet effective: fast trades, low fees, token buybacks, and a way for traders to earn tokens before launch.
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### Bitcoin Holds a Key Floor Near $98,000 and Waits for a Trigger
Bitcoin has been moving in a narrow range lately. Most traders are watching $98,000 as a strong support level. If BTC remains above this, the path toward $140,000 or more in the coming year becomes possible. However, if it breaks below, expect selling pressure and a test of lower levels.
Institutional flows remain important. Bitcoin ETFs have seen large moves this month, continuing to influence the price. Technically, Bitcoin appears neutral to slightly bullish. The Relative Strength Index (RSI) sits near the middle, with many experts believing a daily close above $106,500 would boost confidence in Bitcoin.
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### XRP Could Ignite with ETF Listings but Risks Remain
XRP currently trades around $2.40, facing resistance near $2.60. New XRP ETFs recently listed on Nasdaq could bring significant inflows. If that happens, XRP could push above $3.
However, if demand fails to materialize, critical support between $2.20 and $2.30 will be crucial to watch. Recent regulatory clarity and support from major banks have made XRP more accessible to institutions.
Analysts agree that a clean break above $2.60 would signal a bullish outlook. On the downside, a drop below $2.20 could lead to a deeper pullback.
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### Why Opter Is the Best Crypto to Buy Today
Bitcoin and XRP are established names with broad use cases. Opter, however, takes a different approach by targeting traders directly.
Its presale comes with real ways to earn tokens without simply paying upfront. The buyback and burn mechanism reduces supply, and the team has locked tokens showing a clear long-term plan.
Experts who monitor exchange launches and tokenomics emphasize one key factor: utility combined with fair tokenomics quickly draws attention. Opter offers both.
If you want exposure to an innovative product rather than a traditional market leader, Opter is a strong choice. It blends a practical product, opportunities for users to earn tokens, and rules designed to reduce supply over time.
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### Conclusion
Bitcoin and XRP will always remain important players in the crypto space. Yet Opter brings a fresh perspective: a practical platform, a hybrid presale model, and token mechanics that reward early users.
For traders seeking a new angle, Opter stands out as one to watch. Stage 1 of Opter’s presale is live now—trade, earn, and level up while the price is still at its earliest point.
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**Find out more and join the presale today:**
Website: [Insert Website URL]
Trade: [Insert Trading Platform URL]
X (Twitter): [Insert Twitter Handle]
Discord: [Insert Discord Link]
**Plus, don’t miss the $250K Giveaway!**
Stay ahead in crypto with Opter—where speed, control, and rewards come first.
https://bitcoinethereumnews.com/bitcoin/opter-bitcoin-and-xrp-3-cryptos-to-watch-this-week/
Crypto Market Flips Script As Order-Flow Manipulation Reshapes Trading: Expert
**Crypto Market Reassessment Intensifies as Traders Grapple with Coordinated Order-Flow Patterns**
The cryptocurrency market has entered a new phase this week, marked by traders reassessing long-held assumptions about cycle behavior. A recent detailed market update from The White Whale highlighted an environment increasingly driven by orchestrated moves rather than emotional trading. The analysis points to coordinated order-flow patterns that shaped Bitcoin’s price action during the latest downturn, alongside shifting macroeconomic pressures that continue to influence crypto’s short-term trajectory.
### Crypto Market Thesis Adjusts Amid Shifting Price Behavior
According to The White Whale, the recent market activity reflects controlled selling, with prices gradually stepping down in incremental moves. The update observed advancing sell walls paired with retreating buy walls that dictated intraday price direction. This pattern suggests a strategic approach from market participants, contrasting with panic-driven selloffs.
Throughout the trading sessions, crypto desks noticed how each upward move was met with repositioned sell walls, effectively capping momentum. This created a repetitive cycle of stalled rallies followed by renewed selling pressure, reinforcing the notion that current market conditions favor traders focused on short-term setups rather than those pursuing longer trends.
### Macro Catalysts and Rising Volatility Shape Market Dynamics
The analysis also highlighted broader factors influencing the market shift. Key drivers include rising expectations that the United States Federal Reserve will hold interest rates steady, declining the possibility of a rate cut in December. Additionally, traders are keeping a close eye on the upcoming Supreme Court decision regarding Trump-era tariffs.
With the economic calendar relatively light on data releases, uncertainty around short-term price movement has increased. This dynamic acts as a gravitational pull on global markets, mirrored by rising volatility in equities. The VIX index, a key measure of market stress, surged over 20% intraday, signaling mounting concerns that inevitably seep into crypto sentiment and trading strategies.
### Traders Adapt to Volatility with Short-Term Strategies
In this environment, The White Whale describes the current market as predominantly a “scalper’s market.” Traders are employing modest leverage and implementing tighter stop-loss placements to manage risk. Meanwhile, spot buyers appear to favor gradual accumulation rather than aggressive entries, with some participants choosing to remain on the sidelines amid wavering conviction.
This selective structure means trading opportunities often emerge briefly before fading under intensified selling pressure, making it a challenging period for those seeking clear directional moves. Only the most determined traders seem able to maintain consistent performance in this draining scenario.
### Looking Ahead: A Market Reset, Not the Final Move
Historically, crypto markets have shown sensitivity to macroeconomic forces during periods with limited economic data. The White Whale’s update emphasizes this connection, framing the current phase as a reset rather than a terminal market move.
As volatility continues to weed out weaker hands, the stage is being set for the next major trend to develop. Traders and investors alike will be watching closely for signals that confirm when this new directional move begins in earnest.
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Stay tuned for further updates as the crypto market navigates this evolving landscape shaped by coordinated order flows and shifting macroeconomic currents.
https://blockonomi.com/crypto-market-flips-script-as-order-flow-manipulation-reshapes-trading-expert/
Bitcoin Price Prediction 2025: BTC Slides Below $100K as Traders Watch for a Reclaim and EV2 Presale Sees Rising Demand as Hype Grows
Bitcoin Trades Below $100,000 as Traders Watch the $101,000 Reclaim Level
EV2 Launches Token Presale with New Features and PvX Gameplay
Bitcoin continues to face pressure, slipping below the $100,000 mark amid shifting pricing expectations in the short term. As sellers dominate and volatility increases, attention is focused on reclaiming key levels to trigger the next directional trend. Meanwhile, the EV2 token presale is gaining momentum, attracting investors eager for early exposure to blockchain gaming.
**Bitcoin Faces Trend Pressure as Traders Monitor Key Technical Levels**
Crypto analyst Michaël van de Poppe recently noted that a market reversal could occur if Bitcoin’s price moves above the previous support zone around $101,000. He highlighted that Bitcoin remains weak below this level, with many traders believing the four-year cycle has topped, which has contributed to selling pressure.
At the time of writing, BTC was trading at approximately $97,000 following another 6% drop on the day. Trading volumes increased as sellers took profits. Chart analysis shows a sequence of lower lows and lower highs, indicating a short-term downward structure. The break below $100,000 has turned that level into resistance, intensifying pressure on buyers trying to regain ground.
Bitcoin has dropped below $95,000 and stabilized, but a trend reversal would require reclaiming the crucial $101,000 resistance level.
**BTC Technical Forecast: Bearish Momentum Prevails**
Technical indicators suggest a bearish outlook for Bitcoin. The 9-day Exponential Moving Average (EMA) sits near $100,176, well above the current price point. The MACD remains negative, with widening red bars that indicate selling momentum is still dominant. The Relative Strength Index (RSI) is nearing 31, entering oversold territory where short-term price bounces become more probable.
Support levels hold near $97,000 and $95,000, with deeper support around $92,500 if selling persists. Resistance remains strong at $100,500 and $102,500, with a potential push toward $105,000 if Bitcoin can successfully reclaim the $101,000 level.
**TradingView 4-Hour Chart Highlights**
Recent price action shows a decline accompanied by a bearish MACD crossover with a falling histogram, while the RSI trends downward toward oversold levels—signaling continued bearish energy.
**Price Prediction Outlook: Market Awaits Trend Confirmation**
With implied volatility elevated, traders are closely watching the $95,000 to $97,000 zone for signs of stabilization. A bounce from this area could spur a move toward $99,500, followed by a test of the $100,000 to $100,500 resistance zone. Closing above $102,500 might validate a short-term structure change.
Conversely, if support at $95,000 fails to hold, further declines toward $92,500 or, in case of heavier selling, around $89,000 could materialize. Analysts widely regard reclaiming $101,000 as key to initiating a broader recovery.
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**EV2 Token Presale Opens Amid Growing Interest in PvX Looter-Shooter Gameplay**
While attention remains on Bitcoin, Funtico has launched the public presale for EV2, the token powering its upcoming open-world PvX (Player versus X) looter shooter, Earth Version 2. The presale offers 40% of the total token supply, granting early access to players and supporters. It is also available via the Ethereum network.
Earth Version 2 features large-scale battles, cinematic environments, and five customizable combat suits. Players can explore multiple worlds, collect modular loot, and compete across PvE, PvP, and PvEvP modes. A notable mode called Fracture challenges 25 players to collect color-coded cubes before entering a final survival phase.
The EV2 token is built on the Avalanche network and is priced at $0.01 during the presale, with approximately 1.15 billion tokens in existence. Participants can acquire tokens using an Avalanche-enabled wallet and redeem them after the presale concludes.
This project aims to bridge traditional gaming and decentralized finance by offering an in-game marketplace featuring rare, collectible digital assets that are monetized and upgradeable. According to EV2’s documentation, the roadmap includes marketplace integration and scheduled tournaments designed to sustain player engagement. Presale buyers will also receive exclusive bundles and in-game digital items.
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**Further Observations**
Bitcoin’s downward trend is likely to continue until the $101,000 level is reclaimed. However, given the oversold conditions, a short-term rebound is possible. Meanwhile, the EV2 token presale continues to gain traction, reflecting growing enthusiasm in blockchain-based gaming.
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**EV2 Presale Links:**
[Presale Website]
[Telegram]
[X]
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*Disclaimer:* This is a sponsored article for informational purposes only. It does not reflect the views of Crypto Daily and is not intended as legal, tax, investment, or financial advice.
https://bitcoinethereumnews.com/bitcoin/bitcoin-price-prediction-2025-btc-slides-below-100k-as-traders-watch-for-a-reclaim-and-ev2-presale-sees-rising-demand-as-hype-grows/
3-Point Jump Signals Crypto Market Shift
The cryptocurrency market just received an exciting signal as the Altcoin Season Index climbed three points to reach 32. This significant movement suggests we might be entering a period where alternative cryptocurrencies could outperform Bitcoin. For investors and traders watching market cycles, this development offers crucial insights into potential portfolio opportunities.
### What Does the Altcoin Season Index Actually Measure?
The Altcoin Season Index serves as a crucial market indicator that tracks whether we’re in an altcoin season or Bitcoin season. This important metric analyzes the performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, over a 90-day period.
When 75% of these altcoins outperform Bitcoin, the index declares an official altcoin season. Currently sitting at 32, the Altcoin Season Index shows we’re still in Bitcoin-dominated territory. However, the recent three-point jump indicates growing strength among alternative cryptocurrencies. This movement suggests investors might want to pay closer attention to altcoin opportunities.
### Why Should You Care About the Altcoin Season Index Movement?
Understanding the Altcoin Season Index provides several key benefits for crypto enthusiasts:
– **Market timing insights:** Helps identify optimal entry points for altcoin investments.
– **Portfolio diversification guidance:** Indicates when to shift focus between Bitcoin and altcoins.
– **Risk management:** Shows broader market sentiment and trend directions.
– **Profit potential identification:** Highlights periods when altcoins typically outperform.
The current Altcoin Season Index reading of 32, while still below the 75 threshold for a confirmed season, shows promising upward momentum. This gradual climb suggests we might be approaching a transition phase where altcoins begin capturing more market attention.
### How Can You Use the Altcoin Season Index in Your Strategy?
Smart investors use the Altcoin Season Index as one tool in their comprehensive market analysis toolkit. While the index hasn’t reached the magic 75 number that confirms an altcoin season, the recent increase to 32 provides valuable information.
This movement suggests it might be time to start researching promising altcoin projects and preparing watchlists. However, remember that the Altcoin Season Index shouldn’t be your only decision-making factor. Always combine this data with fundamental analysis, technical indicators, and thorough research.
The current environment presents both opportunities and challenges that require careful consideration.
### What Historical Patterns Tell Us About Current Altcoin Season Index Levels
Historical data shows that when the Altcoin Season Index begins climbing from lower levels, it often precedes significant altcoin rallies. The journey from 29 to 32 might seem small, but in context, it represents increased altcoin strength against Bitcoin.
Previous cycles have demonstrated that sustained upward movement in the index frequently leads to extended altcoin outperformance periods. Market analysts watch these incremental changes closely because they can signal the beginning of broader trend shifts.
The current Altcoin Season Index movement, while modest, aligns with patterns that have historically preceded more substantial altcoin gains.
### Final Thoughts: Navigating the Evolving Crypto Landscape
The Altcoin Season Index climb to 32 delivers an encouraging signal for altcoin enthusiasts. While we haven’t entered a full altcoin season yet, the upward momentum suggests the market might be preparing for a shift.
This development reminds us that cryptocurrency markets move in cycles, and being prepared for transitions can lead to strategic advantages. As the Altcoin Season Index continues to evolve, staying informed and maintaining a balanced perspective remains crucial.
The current reading provides hope for altcoin investors while reminding Bitcoin holders that diversification matters in dynamic market conditions.
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### Frequently Asked Questions
**What is the Altcoin Season Index?**
The Altcoin Season Index measures whether 75% of the top 100 cryptocurrencies have outperformed Bitcoin over the previous 90 days. A score above 75 indicates an altcoin season.
**How often does the Altcoin Season Index update?**
The index updates regularly, with recent data showing a three-point increase from the previous day’s reading.
**What does an Altcoin Season Index of 32 mean?**
A reading of 32 indicates we’re still in Bitcoin season territory, but the upward movement suggests growing altcoin strength.
**Should I buy altcoins when the index rises?**
While a rising Altcoin Season Index suggests improving conditions, always conduct thorough research and consider your risk tolerance before investing.
**How reliable is the Altcoin Season Index?**
The index provides valuable market sentiment data but should be used alongside other analysis tools for comprehensive decision-making.
**What’s the difference between Bitcoin season and altcoin season?**
Bitcoin season occurs when Bitcoin outperforms most altcoins, while altcoin season happens when the majority of top altcoins beat Bitcoin’s performance.
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Found this analysis of the Altcoin Season Index helpful? Share these insights with fellow crypto enthusiasts on your social media platforms and help others stay informed about market trends!
To learn more about the latest cryptocurrency trends, explore our article on key developments shaping altcoin price action and market dynamics.
https://bitcoinethereumnews.com/crypto/3-point-jump-signals-crypto-market-shift/
Bitfarms to exit Bitcoin mining and go all-in on AI by 2027
Bitfarms is set to shut down its Bitcoin mining operations over the next two years and gradually convert its facilities into AI-focused high-performance computing data centers. The transition will begin with its Washington site, which the company plans to repurpose for a new generation of compute-heavy workloads, according to an announcement made on November 13.
The Washington facility, an 18-megawatt Bitcoin mining site, is expected to complete its conversion by December 2026. Once transformed, it will feature state-of-the-art infrastructure powered by Nvidia’s flagship GPUs. This upgrade will enable the facility to support workloads of up to 190 kilowatts per rack, enhanced with advanced liquid cooling systems to maximize efficiency.
As part of the transition deal, Bitfarms’ partner will supply all critical IT hardware and building materials necessary to complete the facility’s conversion.
“We believe there are compelling reasons to consider pursuing a GPU-as-a-Service or Cloud monetization strategy, specifically at Washington. Despite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-Service could potentially produce more net operating income than we have ever generated with Bitcoin mining,” said Bitfarms CEO Ben Gagnon in an official statement.
Gagnon expects that the Washington conversion will provide the company with “a strong cashflow foundation” and support the wind-down of its Bitcoin mining business scheduled for 2026 and 2027.
Bitcoin mining has become a highly competitive market characterized by thinning margins and capital-intensive upkeep. Crypto miners, with their ready access to infrastructure and power contracts, currently maintain an advantage over traditional data center operators. However, many mining firms have started dismantling rigs to pivot toward AI and high-performance computing, especially following the 2024 Bitcoin halving event, which cut block rewards and further tightened mining economics.
By the first half of 2025, Bitfarms’ mining revenue was already showing signs of strain, marked by sharply compressed gross margins and soaring production costs. With the AI sector poised to generate stronger recurring revenue and enterprise-grade demand, Bitfarms aims to seize this opportunity alongside many of its publicly traded competitors.
Shareholders have voiced support for this strategic shift, and Bitfarms’ stock has performed strongly through most of 2025 as the company doubled down on its pivot toward compute infrastructure, capitalizing on the booming AI wave.
Another motivating factor for this transition has been Bitfarms’ recent weak financial performance. The company posted a net loss of $46 million, or 8 cents per share, in its latest quarter—worse than analyst expectations of a 2-cent loss per share—even as revenue jumped 156% year-over-year to $69 million.
With this strategic pivot, Bitfarms is positioning itself to thrive in the evolving tech landscape by shifting focus from Bitcoin mining to AI-driven high-performance computing services.
https://bitcoinethereumnews.com/bitcoin/bitfarms-to-exit-bitcoin-mining-and-go-all-in-on-ai-by-2027/