Polymarket projects odds of Bitcoin falling to $80K by UPvember
Polymarket assigns a 71% probability that Bitcoin will fall to $80,000 by November, signaling growing bearish bets on prediction markets and increased short-term downside risk for BTC.
Crypto Markets
$11K to Half a Billion Dollars From Trading Memecoins
A crypto wealth manager details how $11K became $500M trading memecoins, outlining risk controls, timing strategies and volatile tactics that fueled massive, unexpected gains in the token frenzy.
Bitcoin’s demand engines reverse, but long-term trajectory intact
NYDIG says Bitcoin’s short-term demand drivers have paused or reversed, yet fundamentals support a continued long-term upward trajectory as institutional and macro factors remain constructive.
Spot Bitcoin ETFs pull $238M as Ether funds snap 8-day outflow
Spot Bitcoin ETFs attracted $238M in inflows as Ether funds ended an eight-day outflow streak, signaling renewed investor interest in crypto amid shifting market dynamics and risk appetite.
BlackRock drops Bitcoin and Ethereum into Coinbase Prime
BlackRock has deposited $348M in Bitcoin and $117M in Ethereum into Coinbase Prime, signaling institutional confidence and fueling renewed market focus on custody flows and potential price impact.
Cathie Wood’s ARK Invest purchases additional shares of Eth treasury firm BitMine
Cathie Wood’s ARK Invest bought 242,347 additional shares of BitMine, the Ether-treasury firm, signaling expanded crypto exposure and renewed confidence in ether-linked assets.
Strategy Adds $835M Last Week
Large-scale Bitcoin buying returned last week as institutional and whale activity added $835 million to market holdings, signaling renewed risk appetite and potential price momentum ahead.
TBSJ Performance Update: Index Trading Lower
AAVE fell 3.5%, dragging the CoinDesk 20 lower as the index traded down amid cooling investor appetite and mixed signals. Traders pointed to profit-taking and sector rotation affecting prices.
BitMine acquires $70M of Eth for reserve treasury
On-chain data shows BitMine acquired $70M in Ether for its treasury. The purchase signals institutional accumulation amid market volatility and strengthens the firm’s crypto reserves.
Metaplanet Borrows $100 Million USD Against BTC Holdings To Buy More BTC
Metaplanet secured a $100 million loan using its Bitcoin reserves as collateral to fund additional BTC purchases, doubling down on a crypto-focused growth strategy despite market volatility.