“One analyst isn’t quite ready to call a bottom, but says bitcoin is surely in an oversold condition.”, — write: www.coindesk.com
The crypto market again appears to be stuck in the troublesome scenario of not being at all correlated with stocks when they’re headed higher, but having a 1:1 correlation with stocks when things turn south.
Indeed, this morning’s sharp rally crumbled alongside the Nasdaq, which began to turn lower amid further diminished enthusiasm for the artificial intelligence trade. Roughly ninety minutes before the close, the tech-heavy index is down 1.5%, led by far steeper declines for much of the chip sector.
Maybe more frustrating to crypto bulls, however, is the continued sharp upward trajectory in the precious metals — silver surging another 5% to another new record and gold up 1% and just shy of an all-time high. There was once a time when bitcoiners expected BTC to be the asset of choice as the Fed eased monetary policy or as a flight to safety when stocks ran into trouble. Instead its gold, silver and even copper catching that bid.
The week’s scoreboard in crypto isn’t a pretty one. Bitcoin is lower by 8%, ether by 15%, solana by 12% and XRP by 12%.
Where’s the floor?Bitcoin is likely to be stuck in the range between $86,000 and $92,000, according to Jasper De Maere, desk strategist at Wintermute. He added that because the current consolidation range is experiencing high volatility, today’s sudden price movements aren’t that out of the ordinary as traders suffer liquidations.
De Maere cautioned against reading too much into technical indicators at the moment and expects more profit-taking over the next two weeks, driven by year-end portfolio adjustments and tax considerations. “People are winding down positions to take a breather … short-lived rallies are being sold into quickly.”
He expects bitcoin’s sideways moves to continue until fresh catalysts, with one of them possibly being large option expirations in late December.
While not suggesting a bottom just yet, De Maere said the market is beginning to show those signs. “I feel like we’re at max pain,” he said. “In the short term, I would say we’re definitely oversold.”
- 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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The token has resistance at the $1.53 and then the $1.64 levels.
- APT fell from $1.59 to $1.51 over the 24-hour period.
- Volume jumped 23% above the 30-day moving average, signaling institutional participation.
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