Daily Crypto Signals: Bitcoin Hits $111K November High While Ethereum Tests $3,750 Critical Support
Bitcoin reached a new November high of $111,000 during weekend trading despite persistent bear market concerns and slowing ETF inflows
Quick overview
- Bitcoin reached a new November high of $111,000 during weekend trading, despite ongoing bear market concerns.
- Ethereum remains range-bound between $3,750 and $4,200, with significant institutional confidence reflected in 550,000 ETH net inflows in October.
- Coinbase is pursuing a $2 billion acquisition of stablecoin startup BVNK, indicating growing institutional interest in blockchain payment infrastructure.
- Romania's gambling authority has blacklisted prediction market site Polymarket, citing it as an unlawful gambling platform amid rising crypto-based betting.
Bitcoin BTC/USD reached a new November high of $111,000 during weekend trading despite persistent bear market concerns and slowing ETF inflows, while Ethereum ETH/USD remains range-bound between $3,750 and $4,200 as treasury companies demonstrate continued confidence with 550,000 ETH in net inflows during October. Meanwhile, Coinbase’s reported $2 billion pursuit of stablecoin startup BVNK signals growing institutional interest in blockchain-based payment infrastructure.
Crypto Market Developments
Over the weekend, the cryptocurrency market gave contradictory signals. Bitcoin went up, but the overall mood stayed firmly in fear territory. The Crypto Fear & Greed Index got a score of 37 on Sunday, up from 33 on Saturday. This was even though President Donald Trump’s announcement of a comprehensive trade agreement with Chinese President Xi Jinping made things clearer between the US and China.
Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, was in late-stage talks to buy London-based stablecoin infrastructure startup BVNK for $2 billion. This was the biggest news story of the day. The deal, which is likely to finalize later this year or in early 2026 after due diligence, is part of Coinbase’s plan to go into the stablecoin payments business. BVNK was founded in 2021 and offers stablecoin payment options for businesses. It has raised $90 million from well-known investors including as Citi Ventures, Visa, and Haun Ventures. This decision comes after stablecoins brought in about $246 million, or 20% of Coinbase’s income, in the third quarter of 2025.
Romania’s National Office for Gambling (ONJN) has put prediction market website Polymarket on its blacklist, calling it an unlawful gambling site. The decision came after a rise in crypto-based betting during Romania’s presidential and local elections, when Polymarket’s trading volume went over $600 million. Vlad-Cristian Soare, the president of ONJN, said that the platform’s activity is “counterpart betting” and that it is subject to gambling laws, even though it is based on blockchain technology. He said, “This is not about technology, but about the law.”
Bitcoin Surges to $111,000 as November Begins
Bitcoin (BTC) showed strength over the weekend, reaching a local high of $111,129 on Bitstamp. This was the highest price observed in November. The late-session bounce happened when big exchanges like Binance and Coinbase showed increased interest in buying, which was very different from the selling pressure that had been present in weekday trading sessions all week. However, people in the market were doubtful about the long-term viability of the “Sunday pump,” and traders were ready for things to fall apart when traditional finance markets opened again.
Bitcoin’s onchain indicators showed strong underlying demand, even though the price was moving. In the past week, the cryptocurrency’s realized cap rose by more than $8 billion to over $1.1 trillion, while the realized price rose above $110,000. Ki Young Ju, the founder and CEO of CryptoQuant, said that most of these inflows come from Bitcoin treasury firms and exchange-traded funds. He also said that “demand is now driven mostly by ETFs and MicroStrategy, both of which have been slowing down their purchases recently.”
Bitfinex exchange analysts said that if ETF inflows start up again and the Federal Reserve announces measures to ease monetary policy, Bitcoin may hit $140,000 in November. Their base case expects total ETF inflows to be between $10 and $15 billion. At the same time, Bitcoin miners kept growing their businesses, which raised the network’s hashrate. CryptoQuant called this a “clear long-term bullish signal.”
Ethereum Trades Rangebound Between $3,750 and $4,200
Ted Pillows, a market analyst, used Coinglass’s liquidity heatmap data to find important price levels for Ethereum, which were stuck in a narrow trading range. The study showed that there are a lot of limit orders between $3,900 and $4,200 on the top band. This is a strong resistance zone where traders are getting ready to sell. On the other hand, a big liquidity cluster around $3,750 acts as both a significant support level and a possible magnet for price activity if the market corrects.
Pillows said that Ethereum might be getting ready for a liquidity sweep, which is when prices go down into places with a lot of liquidity to trigger stop losses before going back up. Prices are currently at $3,800. A short-term dip toward the $3,750 support level might come before a rapid recovery toward the $3,900-$4,200 resistance level, which could lead to gains of up to 10%. Ethereum’s price dropped 13.34% in the past month because the market was unstable. However, blockchain analytics firm Sentora reported that ETH treasury companies received a net inflow of 550,000 ETH in October. This shows that institutions still believe in Ethereum’s long-term value proposition, even though the price dropped 1.64% in the past week.
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