Tag Archives: cryptocurrency

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JPMorgan Just Bought 64% More Bitcoin ETF Holdings

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JPMorgan has disclosed a sharp increase in its holdings of the Bitcoin ETF IBIT, signaling rising institutional interest in cryptocurrency exposure. According to recent 13F filings, the bank reported holding 5,284,190 shares of IBIT, valued at $343 million as of September 30. This marks a 64% increase from its previous disclosure of 3,217,056 shares as of June.

The filings also revealed that JPMorgan holds IBIT options, including $68 million in call options and $133 million in put options. It is important to note that 13F filings aggregate holdings across all bank divisions, including those of high-net-worth clients. This means these positions may not be limited to the bank’s own balance sheet.

Bitcoin itself has remained volatile in recent months, hovering just above $100,000. However, institutional flows like JPMorgan’s growing ETF holdings underscore confidence in the cryptocurrency’s long-term prospects. The bank’s sizable purchase coincides with renewed interest in regulated investment vehicles such as ETFs.

### JPMorgan’s Bitcoin Embrace

JPMorgan analysts recently stated that Bitcoin now appears undervalued relative to gold. This follows a sharp sell-off in October, which pushed Bitcoin’s price down more than 20% from its recent record high of $126,000. The decline was driven by leveraged liquidations in the futures market and market anxiety after a $128 million Balancer hack.

According to JPMorgan analyst Nikolaos Panigirtzoglou, the ratio of open interest in perpetual futures to Bitcoin’s market cap has since normalized, indicating that most excess leverage has been flushed out. The bank’s analysis also shows that Bitcoin is trading at a discount to gold when adjusted for volatility.

As gold prices climbed above $4,000 per ounce, its volatility also increased, while Bitcoin’s volatility has eased. To reach parity with gold’s private-sector investment value on a risk-adjusted basis, analysts estimate Bitcoin would need to rise toward $170,000 — roughly two-thirds higher than recent levels.

JPMorgan forecasts “significant upside” over the next six to twelve months if current market conditions persist. This reinforces the case for Bitcoin as either an alternative to gold or a complementary asset for risk-averse investors.

### Expanding Crypto Services

In addition to its growing Bitcoin ETF holdings, JPMorgan is preparing to allow institutional clients to use Bitcoin as collateral for loans by the end of 2025. This move would expand the bank’s current acceptance of crypto-linked ETFs, signaling a broader embrace of cryptocurrency within its financial services.

At the time of writing, Bitcoin is priced near $101,290, according to Bitcoin Magazine Pro data. Earlier this quarter in October, Bitcoin hit an all-time high above $126,000 but has since dropped roughly 20% from those record highs.

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JPMorgan’s increased exposure to Bitcoin through ETFs, combined with bullish price forecasts and expanded institutional services, underscores a growing acceptance of cryptocurrency as a key asset class in the evolving financial landscape.
https://bitcoinethereumnews.com/bitcoin/jpmorgan-just-bought-64-more-bitcoin-etf-holdings/

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Russia authorities deploy thermal vision drones in campaign against illegal crypto farms

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**Russian Authorities Capture Fugitive Cryptocurrency Miner Operating Mobile Farm in the Caucasus**

Russian authorities have apprehended a fugitive cryptocurrency miner who operated a mobile mining farm in the Caucasus, evading capture for several months. The mobile coin-minting operation was eventually located using a quadrocopter equipped with a thermal camera, according to officials from the power utility in Dagestan.

### Dagestan Deploys Drones in the Fight Against Rogue Miners

Russia is increasingly turning to modern technologies—similar to those used on the battlefields of Ukraine—to identify makeshift crypto mining facilities. These unauthorized operations are causing energy shortages, equipment breakdowns, and significant financial losses by illegally connecting to the electricity grid.

This new approach has been implemented in Dagestan, a republic in the North Caucasus, where illegal digital currency mining has become widespread. Employees of Dagestan’s energy distribution company, Dagenergo, spent three months tracking down the improvised crypto farm, announced Magomedshapi Shapiev, the acting director of Dagenergo, a local branch of the Rosseti transmission network.

### The Mobile Mining Farm on Wheels

The mining hardware was installed in the cargo bay of a Gazelle van owned by a resident of the village of Tashkapur in the Levashinsky district. According to Shapiev, the man had placed 72 mining rigs inside the converted vehicle.

This is not the first incident involving the same individual. Shapiev revealed that authorities had confiscated a similar mining installation from him about a year ago during a control operation. He stated:

> “It’s worth noting that the mining farm was discovered with the same consumer who had a similar mining farm liquidated and equipment confiscated during a control operation last year.”

Preliminary estimates suggest that the unauthorized mining operation caused financial damages of approximately 1.5 million Russian rubles (around $18,500).

### Evidence of Illegal Electricity Consumption

The utility admitted that the van had been powered through an electricity meter that recorded over 152,000 kWh of consumption. However, electrical engineers suspect that the meter was tampered with to display false readings.

### Discovery via Night Vision-Equipped Drone

One of the most remarkable aspects of the case is that the mining farm was discovered using a drone with night vision capabilities. The Novye Izvestia daily published a video showcasing the operation.

Shapiev’s team began employing such UAV (unmanned aerial vehicle) technology in the summer of this year. The thermal cameras on these drones enable them to detect heat emissions from mining devices running in hidden locations such as attics, basements, and other concealed spaces.

All evidence collected from the mining-equipped Gazelle van has been thoroughly examined by technicians and handed over to law enforcement for forensic analysis.

### Russia Takes a Firm Stand Against Illegal Crypto Mining

Magomedshapi Shapiev emphasized that the offense is particularly serious since mining has been officially banned in Dagestan since the beginning of the year. Dagestan is among about a dozen Russian regions that have partially or fully prohibited cryptocurrency mining.

In 2024, Russia legalized mining but requires miners consuming more than 6,000 kWh of electricity per month to register with the state and pay taxes. Despite this, low — often subsidized — electricity rates in some regions have attracted numerous legal, amateur, and illegal miners, leading to power deficits and complaints from local consumers.

### Energy Restrictions and Enforcement Measures

Authorities across various regions—from Siberia to the Caucasus—have introduced seasonal and permanent restrictions on mining activities, with approval from the federal government in Moscow. Two more regions are expected to join this list soon, according to reports from Cryptopolitan.

The Russian government reportedly loses over $120 million annually in budget revenues due to unregistered mining operations, with less than one-third of businesses registered with the Federal Tax Service (FNS). Rogue miners face fines and confiscation of illegally minted cryptocurrency.

The seizure of the mobile mining farm in Dagestan follows the removal of one of the largest unlicensed mining installations in Irkutsk—known as Russia’s mining capital—which was dismantled by authorities in mid-October.

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*If you’re reading this, you’re already ahead. Stay informed with our newsletter.*
https://bitcoinethereumnews.com/crypto/russia-authorities-deploy-thermal-vision-drones-in-campaign-against-illegal-crypto-farms/

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Bitcoin.com Partners with Concordium to Launch Age-Verified Crypto Payments for 75M Wallets

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Wallet owners will soon be able to verify certain identity attributes, such as age or jurisdiction, without having to divulge personal information or manage complicated identity handoffs. This advancement is made possible through a new integration designed to enhance privacy and security.

This incorporation comes at a time when concerns around state-enforced digital IDs and centralized data collection are on the rise. Users increasingly seek solutions that allow them to maintain control over their personal information while still meeting verification requirements.

Thanks to a collaboration between the recent and impartial Bitcoin network and straightforward self-custodial products, more than 75 million wallets worldwide will now be able to benefit from age-verified payments. This partnership highlights the potential of decentralized finance to offer secure and user-friendly identity verification.

Bitcoin.com plays a key role in this ecosystem by making it easy for anyone to purchase, spend, trade, invest, earn, and stay informed about cryptocurrencies and the future of finance. With these tools, users gain greater control and flexibility over their financial interactions while safeguarding their privacy.
https://bitcoinethereumnews.com/bitcoin/bitcoin-com-partners-with-concordium-to-launch-age-verified-crypto-payments-for-75m-wallets/

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7 Biggest Cryptocurrency Traders Absolutely Destroyed: Does High Leverage Trading Equal Gambling?

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In the world of trading, high-leverage strategies are often promoted as a quick route to multiplying gains without the need to increase skill. The allure of turning a small investment into a substantial profit can be tempting. However, data from LookOnChain tells a very different story.

Seven traders, each boasting profits ranging from tens of millions to over 80 million, appeared unstoppable—until leverage brought them down. The common force that destroyed them was leverage itself.

### Understanding Leverage in Trading

Leverage amplifies everything: your victories, your losses, the emotions that come with trading, and even your sense of control. When a trader uses 50x or 100x leverage, they are essentially wagering that their predictions will always be correct in the immediate future. But in the cryptocurrency market, where prices can change drastically with minor fluctuations, a single small price movement can liquidate an entire position.

This dynamic turns analysis, trading, risk management, and portfolio management into something resembling a casino game. The parallels with gambling are striking.

### The Gambling Paradox in High-Leverage Trading

Like gamblers, traders convince themselves they’ve discovered patterns. After a few wins, they increase their stakes, confusing luck for skill. These initial successes serve as bait rather than proof of expertise. With each win, overconfidence grows until traders risk everything on borrowed money.

Trading shares similar psychological pitfalls with casinos even without leverage: the illusion of opportunity disguised as chance, emotional highs overriding logic. Leverage, however, transforms these human vulnerabilities into a potential explosive risk.

### Why Skilled Traders Still Get Burned

The traders featured in the charts were not novices; they were seasoned market players managing millions, occasionally enjoying remarkable success. But leverage does not care about skill or previous wins. It operates on mathematical certainty: if you keep gambling borrowed money long enough, one unexpected event—a “black swan”—will wipe out everything.

In fact, high-leverage trading not only increases market exposure but also guarantees eventual disaster for those who are not exceptionally cautious.

### Who’s Really Winning?

Platforms like HyperLiquid and Binance are not the “house” in this scenario—they neither win nor lose. Instead, the real adversary is market volatility. It is this volatility that, if not managed carefully, turns profits into dust.

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In summary, while high-leverage trading may look like an easy path to rapid financial gain, it carries enormous risk. Leverage magnifies every aspect of trading, turning it into a high-stakes gamble. No matter your experience or past success, the dangers of leverage remain constant and unforgiving. Approach with caution—and respect the risks involved.
https://bitcoinethereumnews.com/tech/7-biggest-cryptocurrency-traders-absolutely-destroyed-does-high-leverage-trading-equal-gambling/

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Spot ETFs Give Rise To Crypto Basis Trading

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By Mark Pilipczuk and Oliver Andrews

The U.S. approval of spot Bitcoin and Ether ETFs in January 2024 and July 2024, respectively, marked a significant milestone in the cryptocurrency market. These products offer investors a more regulated and accessible way to gain exposure to digital assets, encouraging greater institutional involvement in the sector.

The introduction of spot Solana ETFs and the potential approval of XRP ETFs suggest an imminent expansion in the scope of basis trading. As illustrated in the chart below, the front-month SOL and XRP futures contracts saw annualized basis readings spike to 50% in July 2025.

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### Basis Trade: What Is It and Why Is It Important?

A basis trade is a strategy that involves taking simultaneous, opposing positions in the spot and futures markets to capture the price difference between them.

**Basis = Futures Price − Spot Price**

The goal of this strategy is to establish a delta-neutral position, where combined exposure is insulated from the underlying asset’s directional price movements. Profit or loss is determined by the “locked-in” basis as the two prices converge at the futures contract’s expiration.

Below is a common scenario where the futures price is higher than the spot price, known as contango or a positive basis.

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### Hypothetical Trading Example

Consider a spot Bitcoin ETF trading at $100,000. Simultaneously, the lead-month CME Group Bitcoin futures contract trades at $101,000, creating a positive basis of $1,000.

To capture this basis, a trader could:

– **Go long the spot asset:** Buy the Bitcoin ETF at $100,000.
– **Go short the futures contract:** Sell the CME Group Bitcoin futures contract at $101,000.

By executing both trades simultaneously, the trader locks in a gross profit of $1,000 per contract, regardless of Bitcoin’s price direction, before transaction costs.

Assuming that at futures expiration, prices converge at $105,000:

– **Spot position:** The ETF purchased at $100,000 is now worth $105,000, yielding a $5,000 profit.
– **Futures position:** The futures contract shorted at $101,000 must be settled at $105,000, resulting in a $4,000 loss.

The net result is a $1,000 profit ($5,000 profit − $4,000 loss), matching the initial basis.

Conversely, if the futures price were lower than the spot price (backwardation or a negative basis), the trade would be inverted: the trader would sell the spot asset and buy the futures contract.

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### Why Basis Trading Is More Efficient with ETFs

The efficiency of basis trades is enhanced by the alignment of price benchmarks. Several of the largest spot Bitcoin ETFs use CME CF Reference Rates to calculate their daily net asset value (NAV). Since CME Group Bitcoin futures also expire to these CME CF Reference Rates, both sides of the trade anchor to an identical price benchmark.

This synchronization minimizes tracking errors and ensures a reliable price convergence, creating a robust foundation for executing basis trades.

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### Basis Trading Rises Post-ETF Launch

The ETF structure provides institutions with a regulated and liquid spot leg, making basis trading more scalable.

Following the launch of spot Bitcoin ETFs in January 2024, leveraged funds increased their net short positioning in CME Bitcoin futures (see chart below). This pattern implies growing use of basis trades, where futures are sold short to hedge long exposure in spot markets rather than as a directional bet against Bitcoin.

After the spot Ether ETF approvals in July 2024, net short exposure by leveraged funds in CME Ether futures was also evident.

As demonstrated in the chart, CME Group Bitcoin futures open interest rose from roughly 30,000 contracts in early 2024 to 45,000 in November 2024, before easing back to the low 30,000s by May 2025. These expansions in open interest coincided with a widening of the annualized front-month basis.

Price momentum reversed in February 2025, and the basis briefly dipped below zero, during which CME Group Bitcoin futures open interest declined.

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### What Makes Crypto Basis Different?

Unlike physical commodities—where basis reflects costs such as financing, transport, and storage—the Bitcoin basis is driven primarily by price momentum, market sentiment, and financing costs.

Several structural features distinguish the crypto basis from traditional assets:

– **Increased Retail Participation:** According to recent 13F filings, institutional ownership in the largest spot Bitcoin ETF is about 28%, significantly lower than in traditional products like the S&P 500 ETF, which has about 58%. This suggests a larger retail footprint, making market flows more sensitive to sentiment.

– **24/7 Markets:** Unlike traditional markets, cryptocurrency operates around the clock, without daily resets. This continuous activity allows larger price discrepancies to emerge between spot and futures markets.

Starting in early 2026, CME Group cryptocurrency futures and options will be available to trade 24/7 (pending regulatory review), providing market participants enhanced trading flexibility.

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### Looking Ahead

Digital asset markets have a unique structure, heavily influenced by a high proportion of retail traders and the outsized impact of social media. This environment can amplify price momentum, triggering waves of buying or selling that lead to significant price dislocations.

Traders are systematically developing strategies to capture these sentiment shifts, and the introduction of new regulated products is creating fresh opportunities for basis trading.

This suggests that the sentiment-driven basis in digital asset markets isn’t just a temporary anomaly but rather an enduring, structural feature of the market itself.

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*Original Post.*
https://seekingalpha.com/article/4839008-spot-etfs-give-rise-to-crypto-basis-trading?source=feed_all_articles

general

Bitget Launches CandyBomb Campaign with 250,000 PLAI Futures Trading Giveaway

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Victoria, Seychelles, November 6th, 2025 — Chainwire Bitget, the world’s largest Universal Exchange (UEX), has announced the launch of its latest CandyBomb campaign to celebrate the listing of PLAI.

The promotion features a total prize pool of 250,000 PLAI tokens, exclusively available to new users engaging in futures trading during the campaign period. The campaign runs from November 4, 2025, 8:00 PM to November 11, 2025, 8:00 PM (UTC+8).

Only new futures traders will qualify for the PLAI token rewards, which will be distributed within 1-3 working days after the campaign concludes.

Bitget’s CandyBomb initiatives are designed to incentivize participation in futures markets and provide opportunities for users to explore new digital assets while earning token rewards. The PLAI collaboration underscores Bitget’s ongoing effort to support emerging projects and enhance user engagement through targeted promotions.

To maintain fairness, the platform has issued a strict set of terms and conditions, including disqualification of users engaged in fraudulent activity or violations of platform rules. Institutional users, market makers, and sub-accounts are not eligible for this campaign. Bitget also retains full discretion to amend or cancel the promotion at any time.

This latest campaign highlights Bitget’s ongoing push to create accessible and rewarding trading environments for its global user base, reinforcing its position as a frontrunner in the digital asset space.

For more details, users can visit here.

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### About Bitget

Established in 2018, Bitget is the world’s largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets on a single platform.

The Bitget ecosystem is committed to helping users trade smarter with AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets.

On the decentralized side, Bitget Wallet operates as the leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to over 20,000 DApps, with advanced swaps and market insights built into the platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LaLiga, in Eastern, SEA, and LATAM markets.

Aligned with its global impact strategy, Bitget has partnered with UNICEF to support blockchain education for 1.1 million people by 2027.

In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP, one of the world’s most thrilling championships.

For more information, users can visit:
– Website
– Twitter
– Telegram
– LinkedIn
– Discord
– Bitget Wallet

For media inquiries, please contact: [email protected]

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### Risk Warning

Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose.

The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered.

Independent financial advice should always be sought, and personal financial experience and standing carefully considered.

Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice.

For further information, users can refer to the Terms of Use.
https://usethebitcoin.com/crypto-live-feed/bitget-launches-candybomb-campaign-with-250000-plai-futures-trading-giveaway/

general

Cathie Wood Dumps Tech Stocks for Gene-Editing Plays in CRISPR and Beam

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**Cathie Wood’s ARK Invest Shifts Focus to Biotech with Major Portfolio Moves**

On November 4, 2025, Cathie Wood’s ARK Invest executed significant portfolio changes, shifting capital from technology stocks into cutting-edge biotech investments. The firm’s daily trading report highlighted large purchases in the gene-editing sector alongside reductions in established technology holdings.

**Major Biotech Investments**

ARK Invest made substantial moves in genomic medicine, purchasing 162,327 shares of CRISPR Therapeutics, worth $10.06 million. This investment was split between the ARK Innovation ETF (ARKK) and ARK Genomic Revolution ETF (ARKG). In addition, ARK acquired 291,001 shares of Beam Therapeutics for $7.06 million, with the purchase also divided between its ARKK and ARKG funds. Both companies specialize in gene-editing therapeutics for a range of diseases, underscoring ARK’s confidence in the long-term potential of genomics.

In total, ARK’s biotech purchases on the day exceeded $17 million—a clear sign of the firm’s preference for gene-editing companies over more traditional tech stocks.

**Increasing Digital Asset Exposure**

Aside from biotech investments, ARK Invest also boosted its cryptocurrency exposure. The firm bought 23,963 shares of Bullish, a crypto-related company, totaling $1.20 million. This addition was spread across multiple ARK ETFs, further diversifying the firm’s presence in digital assets.

**Technology Holdings Reduced**

While ARK ramped up its biotech and digital asset bets, it trimmed several technology holdings:

– **Teradyne:** ARK sold 27,423 shares valued at $5.02 million through its flagship ARKK fund, continuing a recent trend of reducing its position in this semiconductor testing company.
– **Roku:** The firm sold 15,362 shares worth $1.67 million, marking another reduction in its streaming platform exposure through ARKK.
– **SoFi Technologies:** ARK reduced its position by 20,485 shares valued at $627,455, a sale processed via its fintech-focused ARK Fintech Innovation ETF (ARKF).

In total, ARK’s technology and fintech stock sales amounted to approximately $7.3 million, compared to $17.12 million in biotech purchases, illustrating a decisive net inflow into the life sciences sector.

**Portfolio Rebalancing Details**

The CRISPR Therapeutics buy marked ARK’s largest single transaction of the day, reinforcing the firm’s strong conviction in the gene-editing pioneer. Beam Therapeutics received the second-largest allocation. The Teradyne and Roku sales reflect a continued pattern of de-risking from mature tech sectors, while the SoFi adjustment signals minor tweaks within ARK’s fintech portfolio.

All gene-editing purchases were executed exclusively through ARKK and ARKG, ARK’s funds specializing in disruptive innovation and genomics. By moving more than double its sales proceeds into biotech stocks, ARK Invest is signaling continued faith in the long-term growth of life sciences innovation.

**Summary**

Cathie Wood’s ARK Invest showcased a decisive shift on November 4, 2025, aggressively allocating capital toward gene-editing and blockchain-related companies while trimming exposure to traditional technology names. These moves highlight ARK’s ongoing belief in the transformative potential of biotech and digital assets for the future.
https://blockonomi.com/cathie-wood-dumps-tech-stocks-for-gene-editing-plays-in-crispr-and-beam/

business, economy

Trump says he doesn’t know who Binance Founder CZ is, despite pardoning him

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Last year, Changpeng Zhao (AKA “CZ”), the founder of Binance—the world’s largest cryptocurrency exchange—pleaded guilty to money laundering charges.

Last month, he was pardoned by President Donald Trump. However, this week, Trump stated that he has no idea who CZ is.

During an interview on the latest episode of 60 Minutes, Trump revealed that he doesn’t know much about CZ, despite having pardoned him just weeks ago.

“Okay, are you ready? I don’t know who he is,” Trump said during the interview, as quoted by CNBC. “I don’t know the man at all. I don’t think I ever met him,” he continued.

When asked how he came to pardon a man he doesn’t know, Trump explained that his family’s involvement in the crypto business influenced his decision.

“My sons are involved in crypto much more than I—me. I—I know very little about it, other than one thing. It’s a huge industry,” he said.

Trump also added that he “was told” CZ was a victim of the Biden Administration.
https://www.shacknews.com/article/146671/donald-trump-doesnt-know-cz-binance

general

Binance CEO Bullish on India, Seeks Regulatory Clarity to Boost Crypto Market Standing ⋆ ZyCrypto

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In a recent interview with CNBC at the ongoing Hong Kong Fintech Week (November 3-7), Binance CEO Richard Teng highlighted India as a crucial market for cryptocurrency. He attributed this to the country’s large, tech-savvy youth population, which drives rapid crypto adoption. Teng expressed hope that clearer regulations from the Indian government and regulators could significantly boost India’s position in the global cryptocurrency landscape.

“India is a very important market. It has one of the largest demographics in the world — a very tech-savvy and young population. In countries with such demographics, crypto adoption tends to be faster compared to others,” Teng said during the interview.

Teng’s comments come amid reports from Chainalysis and TRM Labs, which rank India at the top in crypto adoption indices. He reaffirmed Binance’s optimistic outlook on India and stressed the company’s ongoing collaboration with regulators.

“So, we are bullish on India and working closely with the government to see how we can support their efforts,” Teng told CNBC.

According to a report by Business Standard, Binance once controlled 90% of India’s 4 billion crypto investors. However, the exchange faced significant regulatory hurdles, including a ban that lasted nearly seven months because it was not registered with local regulators. Initially fined $2 million, Binance’s penalty later surged to $86 million.

Despite these challenges, Binance has managed to reestablish its presence in the Indian market. Vishal Sacheendran, Binance Head of Regional Markets, highlighted this progress at the Binance India Super Meetup in November 2024.

“India has always been a very important market for Binance, and the community here is a testament to what we have strived to achieve over the past few years,” Sacheendran said, as quoted by Business Standard.

Binance’s renewed focus on India coincides with growing interest from Indian policymakers and virtual asset service providers (VASPs) in cryptocurrency. In a significant policy shift, India’s Finance Minister Nirmala Sitharaman emphasized the transformative impact of innovations like stablecoins on global finance.

Speaking in early October, she noted that stablecoins are reshaping how money moves across borders, warning that India could miss out if it doesn’t take appropriate steps.

“Innovations like stablecoins are transforming the landscape of money and capital inflows. These shifts may force nations to make binary choices: adapt to a new monetary architecture or risk exclusion. Such developments underscore the scale of transformation underway,” Sitharaman said.

Meanwhile, Coinbase has resumed its operations in India after securing registration and approval from the Financial Intelligence Unit (FIU). The crypto exchange had shut down its India operations about three years ago, citing regulatory challenges.

With a clearer regulatory environment potentially on the horizon, the Indian crypto market appears poised for significant growth, drawing both industry leaders and policymakers closer to embracing digital assets.
https://bitcoinethereumnews.com/crypto/binance-ceo-bullish-on-india-seeks-regulatory-clarity-to-boost-crypto-market-standing-%e2%8b%86-zycrypto/

general

Bitcoin Ends October in the Red for the First Time Since 2018

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**Bitcoin Wraps Up First Red October in Seven Years Amid Mixed Signals — But November Brings Optimism**

For the first time in seven years, Bitcoin has closed out an October in the red. The leading cryptocurrency slipped 3.69% during the month, marking its worst October since 2018 — a rare departure from its historically bullish Q4 trend.

Back in 2018, Bitcoin’s red October was followed by a brutal November crash that saw prices plunge 36%. By year’s end, BTC had fallen nearly 85% from its all-time high. But this time, the backdrop looks very different.

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### October Ends Weak, But November Hope Builds

Bitcoin’s mild October decline came amid mixed macroeconomic conditions, including rising Treasury yields, uncertainty over US rate cuts, and lower on-chain activity. Yet even as prices softened, long-term holders were quietly accumulating.

With November here, sentiment may be ready to flip. Historically, November has been Bitcoin’s strongest month, boasting an average gain of 42.5% over the past decade. If this pattern holds, a 42% increase from current levels would push BTC near $160,000 — a staggering recovery and new record high.

It’s no surprise that despite the short-term red candle, optimism is building again among traders and analysts.

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### Whales Bought $5.7 Billion in October

Behind the scenes, “whales” — large holders controlling between 10 and 10,000 BTC — have been buying aggressively. According to Santiment, these wallets added roughly $5.7 billion worth of Bitcoin in October alone.

They now hold 13.68 million BTC, representing about 68.6% of total supply. This wave of accumulation signals that deep-pocketed investors are positioning ahead of what many expect to be Bitcoin’s next major uptrend.

“Smart money isn’t waiting for confirmation,” one analyst noted. “They’re front-running the next leg up.”

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### Short-Term Pain, Long-Term Conviction

Despite the recent red candle, market structure remains largely bullish. Bitcoin has consolidated around the $95,000 range after hitting record highs earlier in the year.

Retail sentiment, however, has cooled. Social data shows engagement and mentions for BTC trending lower — a setup that often precedes major rebounds.

Whale data supports this view. These entities were net accumulators before Bitcoin’s last breakout, stacking over 110,000 BTC between August 22 and October 12 before trimming around 23,200 BTC recently. Even with that minor sell-off, their overall holdings remain near record highs — a sign of conviction.

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### Why This October Was Different

In past years, October earned the nickname “Uptober” for its tendency to deliver strong returns. For example, 2020 and 2021 saw Bitcoin climb double digits each time, driven by liquidity inflows and ETF speculation.

This year, however, global uncertainty weighed on risk assets. The US dollar strengthened, and spot ETF flows slowed as institutional investors paused new allocations. Meanwhile, Bitcoin’s volatility fell to multi-month lows — a sign of compression that often precedes explosive moves.

The combination of reduced retail euphoria and quiet whale accumulation has set the stage for a potential rebound as liquidity rotates back into crypto.

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### November’s Bullish History

If there’s one month Bitcoin bulls love, it’s November. Over the past 11 years, BTC has finished November in the green eight times, averaging 42.5% gains.

This performance includes legendary rallies like November 2020, when Bitcoin surged 43% to break past $19,000, and November 2013, when it soared 450% in a single month.

Even in bearish years, November tends to bring relief. In 2022, BTC still managed a modest rebound after the FTX collapse.

Given this track record, traders see the latest dip less as a breakdown and more as a setup for what could be another historic month.

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### Market Sentiment: Fear or Opportunity?

According to Santiment’s social sentiment data, discussions around Bitcoin have cooled, while altcoin chatter has increased. Historically, this rotation occurs when retail traders lose focus — often right before BTC reclaims dominance.

The Fear & Greed Index has also drifted toward “neutral” after months in “greed” territory, suggesting a potential bottoming of short-term sentiment.

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### What to Watch in November

The next few weeks could prove pivotal. Traders are closely monitoring three catalysts:

1. **ETF Flows**
Any uptick in spot Bitcoin ETF inflows could spark renewed institutional demand.

2. **US Macro Data**
Inflation and rate expectations continue to influence Bitcoin’s correlation with equities.

3. **On-Chain Accumulation**
Sustained whale and long-term holder buying could confirm a market floor.

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### The Bigger Picture

Zooming out, October’s red candle may be more psychological than structural. Bitcoin remains one of the best-performing assets of 2025, up over 90% year-to-date despite short-term pullbacks.

The long-term fundamentals haven’t changed: limited supply, increasing institutional participation, and a growing on-chain base.

So while 2025’s “Uptober” didn’t go according to script, “Movember” might just live up to the hype.

Bitcoin’s first red October since 2018 is a reminder that bull markets don’t move in straight lines. But history and on-chain data suggest the pause may be temporary. With whales adding billions, volatility at record lows, and November’s historical tailwinds, the setup for the next leg higher looks strong.

As the saying goes: **“Weak hands panic in red months. Strong hands buy them.”** Right now, the strong hands seem very busy.

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*Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.*
https://nulltx.com/bitcoin-ends-october-in-the-red-for-the-first-time-since-2018/