“Analysts highlighted retail distress, rare social-dominance surges and warnings of a possible deeper pullback as several major tokens remained under pressure.”, — write: www.coindesk.com
Bitcoin BTC$94,346.54 was trading around $95,087 at 6:20 pm UTC, down 1% over the past 24 hours after briefly dipping below $94,000 earlier in the day, its lowest point since May 6 based on TradingView data.
BTC-USD YTD Chart (TradingView)
Across the majors, ether ETH$3,099.80 declined 3.23% to $3,113, XRP fell 2.1% to $2.21, BNB slipped 1.6% to $926.21 and solana SOL$137.30 dropped 3.6% to $137.79.
Analysts see room for deeper declinesCrypto analyst Ali Martinez said on X that bitcoin had broken out of a channel, arguing that the move could open the door to a potential slide toward $83,500.
Analyst Benjamin Cowen noted bitcoin registered a death cross, adding that prior examples often marked local lows. He said bitcoin would need to bounce within the next week for the cycle to remain intact and warned that a failure to do so could lead to another drop before any larger rally back to the 200-day moving average. Cowen urged traders to “trade the market you have, not the market you want.”
Retail panic signals a potential reversalMarket intelligence platform Santiment said bitcoin discussion rates spiked to a four-month high during Friday’s slip below $95,000, pointing to elevated retail fear. The firm said such surges in social dominance can increase the probability of market reversals, although it stressed the pattern is not a guarantee.
Michael Saylor hints at a large bitcoin purchaseStrategy (MSTR) Executive Chairman Michael Saylor signaled the company will announce its latest bitcoin acquisition on Monday, posting the phrase “Big Week” on X, while attaching a screenshot from StategyTracker, the leading real-time bitcoin treasury analytics platform.
Gold widens its lead over digital assetsMarket strategist Charlie Bilello pointed out that gold is up 55% this year, calling it 2025’s best-performing major asset, while calling bitcoin — up roughly 1% — the worst-performing major asset. He described the divergence as the inverse of 2013 and noted such a dynamic has not appeared in any previous calendar year.
White House plan faces legislative hurdleUS Treasury Secretary Scott Bessent said on Sunday President Donald Trump’s Nov. 10 proposal to send $2,000 tariff-funded “dividend” payments to US citizens would require congressional approval.
According to a report by Bloomberg, in an interview aired Sunday on Fox News’ “Sunday Morning Futures w/ Maria Bartiromo,” Bessent said “we need legislation for that,” indicating the administration cannot move forward without a new law from Congress. Bessent also mentioned that he expects households to feel more economic relief early next year, citing tax cuts in Trump’s policy package and predicting a slowdown in inflation and stronger real-income growth in the first half of 2026.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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Despite its bearish reputation, every death cross in the current cycle has marked a major local bottom.
- Bitcoin is down about 25% from its October all-time high, with the 50-day moving average set to cross below the 200-day moving average, a bearish technical signal referred to as a “death cross.”
- Bitcoin has fallen during this latest government reopening, echoing the market’s reaction in 2019, with the price dropping as much as 10% since the government resumed operations this week.
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