Bullish Bet? BitMine Scoops More ETH While Price Clings to Crucial $3,000 Support

Posted on November 19, 2025 by Olumide Adesina

Ethereum failed to reach the $3,100 support level after losing 4% of its value over the previous day. The coin is currently trading at about $3,054 per coin after briefly falling below $3k.

ETH is still performing poorly despite BitMine Immersion Technologies, an Ethereum treasury company, announcing on Monday that it purchased 54,156 ETH last week, increasing its holdings to 3.56 million ETH. The company also stated that it had cut its $61 million investment in Worldcoin (WLD) Treasury Eightco Holdings (ORBS) to $37 million.

BitMine has made fewer acquisitions than this one since launching its ETH treasury in July.

This coincides with the recent weeks of bearish price movement in the larger cryptocurrency market. Thomas Lee, the chairman of BitMine, claims that the market’s current weakness is a sign that a major market maker’s balance sheet is deteriorating.

He went on to say that when a market maker has a “hole” in their balance sheet, they are trying to raise money and cutting back on their market liquidity functions. This has the effect of dampening prices and is the crypto equivalent of quantitative tightening, or QT. This QT effect persisted for six to eight weeks in 2022. And this is most likely taking place right now. Lee, however, thinks that cryptocurrency prices haven’t reached their peak for this cycle and that the market may continue to rise for another 12 to 36 months.

According to CryptoQuant’s on-chain data, BitMine currently has an unrealized loss of $3 billion because of ETH’s recent, steady decline.

Maartunn, a contributor to CryptoQuant, noted that MicroStrategy’s unrealized loss peaked at $1.9 billion during the worst of the bear market. BitMine continues to hold the largest ETH treasury, surpassing both The Ether Machine (ETHM) and SharpLink Gaming (SBET). Additionally, US spot Ethereum exchange-traded funds are revealed by data from SoSoValue.

Ripple’s XRP Dives Deep into Oversold – Buying Opportunity Just Flashed Green!

Posted on November 19, 2025 by Olumide Adesina

XRP is now priced at $2.20 after losing over 10% this week. The market’s focus has shifted to whether this situation may signal a brief recovery. The asset is now near technical levels that have previously triggered rebounds, and trading volume remains high. According to the Stochastic RSI, recent charts indicate that XRP is entering oversold territory, with the current weekly reading at 2.73, which is within the lower range.

Historically, sharp upward movements—such as gains of 53%, 216%, and 591%—have often followed previous dips to this level. Traders are watching to see if the price structure can change in favor of a bounce, even though the current reading suggests less downward momentum. A bullish divergence has appeared on the daily chart, as the RSI shows higher lows while the asset makes lower lows. This signal, shared by EGRAG CRYPTO, often emerges when downward pressure begins to ease. However, for confirmation, XRP would need to rise and regain its previous strength.

Data from CryptoQuant shows that XRP experienced significant inflows to Binance over the past month. Exchange wallets saw substantial increases in deposits on October 25 and November 15, with the largest one exceeding 70 million tokens. These occurrences took place during a period of steady price decline, raising concerns about potential additional selling pressure. Typically, increased inflows to exchanges can bring about heightened selling pressure. The timing of the largest inflow suggests that some holders may have decided to sell their positions, contributing to the current correction.

Ripple CTO David “JoelKatz” Schwartz has recently made remarks indicating that the network’s next phase might require reevaluating how value flows across its infrastructure. This discussion has drawn fresh attention to the long-established design of the XRP Ledger. It began as developers and community members examined the growing role of the XRP Ledger (XRPL), fueled by new tokenization use cases and the ongoing expansion of decentralized finance applications.

Tech Titans Tumble: Microsoft Slashed to $500, Amazon Holds at $250 in AI Spending Storm

Posted on November 19, 2025November 19, 2025 by Olumide Adesina

Alexander Haissl of Rothschild and Co. Redburn downgraded Microsoft and Amazon.com from a “buy” to a “neutral” rating for the first time since he began coverage in June 2022. Following this announcement, shares of both companies fell by more than 2% in New York

Haissl stated that the underlying economics are “far weaker than assumed,” and he believes that the industry’s narrative claiming “Gen-AI is just like early cloud 1.0” is becoming “increasingly misplaced.”

Haissl’s downgrades come in the wake of a selloff in the tech-heavy Nasdaq 100, which has seen a decline of nearly $1.8 trillion since its peak in late October, dropping 5.1% as of Monday’s close. Concerns over stretched valuations have led investors to pull out of AI-related stocks.

Additionally, Haissl mentioned that both companies are more likely to overbuild, citing that “cloud 1.0 scaled only after achieving efficiency, while Gen-AI scales on a bloated, inefficient stack.” Rothschild and Co. Redburn has maintained Amazon’s price target at $250 while lowering Microsoft’s target from $560 to $500. According to analysts monitored by Bloomberg, Microsoft has 71 buy-equivalent ratings, two holds, and no sell ratings, while Amazon has 80 buys, five holds, and no sells.

Haissl also covers three additional stocks. He recently assigned a sell rating to Oracle Corp., which has seen its stock drop by about 25% since then. Conversely, his recommendation to downgrade Snowflake Inc. has proven timely, as its stock has increased by approximately 60% since being moved from neutral in March 2024. He currently holds a neutral rating on MongoDB Inc.

Tens of billions of dollars are being invested by tech companies to develop their AI infrastructure. In recent weeks, concerns have heightened over the rate at which depreciating assets like servers and graphics processing units lose their value. Haissl pointed out that “Gen-AI margins already assume longer depreciation schedules of 5-6 years, compared to just three years during the early cloud era.” This suggests that while pricing power is significantly weaker, capital intensity for Gen-AI is much higher on a like-for-like basis. Michael Burry, a hedge fund manager best known for his bet against the US housing market before the 2008 global financial crisis, has commented cryptically on the depreciation of assets at major tech companies.

Meta’s Breakup Bullet Dodged: Declining Share Saves the Day, $1000 Target in Sight

Posted on November 19, 2025 by Olumide Adesina

Meta achieved a significant victory in federal antitrust court when a judge ruled that the company is not required to dismantle its acquisitions of WhatsApp and Instagram, as they do not constitute monopolies. However, the judge’s reasoning may be a bit uncomfortable.

Judge James Boasberg sided with Meta, stating that since the company’s market share is already declining, it can remain intact. He noted that while Meta is expanding, the range of online activities is also growing, making the company increasingly similar to its competitors.

The judge stressed that competition in the artificial intelligence sector will continue to intensify. He noted that various developments over the past decade, advancements in technology, and changes in social attitudes have reduced Meta’s distinct advantages. According to Boasberg, “Facebook, Instagram, TikTok, and YouTube have all evolved to feature nearly identical main functionalities.”

**Bull Case:** Overall, digital audio spending is supported by Meta’s strong ecosystem and the stability of the advertising market following the election. The merger synergies between Sirius and XM could enhance buybacks and dividends, potentially adding $200 million in annual EBITDA. If subscriber growth increases through exclusive podcasts, shares could reach $1,000 next year.

The company has managed to fend off potential competitors for years by leveraging its most valuable asset: the “social graph,” or the network of friends and family that users interact with on Facebook and Instagram.

Owning the social graph has been seen as Meta’s competitive advantage, creating a network effect that makes it difficult for users to leave the platform. To replicate this experience on another platform, one would have to rebuild relationships with friends and family.

Over time, however, the balance of power has shifted, and Meta hasn’t always reaped the benefits. Boasberg has often stated his belief that Meta’s role as a network of friends and family has diminished over time. Where else can users go to get updates from everyone in their lives in one location?

Meanwhile, TikTok and YouTube have emerged as major players in the social video market. Both platforms have developed advanced recommendation algorithms to tailor content to users’ preferences and boast extensive video libraries that can be shared based on individual tastes. Reports indicate that AI firms like OpenAI are also developing their own social media feeds for users to explore, suggesting that other AI competitors may not be far behind.

Cloudflare Bounces Back: Global Outage Fixed After Crippling ChatGPT and X

Posted on November 19, 2025 by Olumide Adesina

A significant outage on Cloudflare affected websites globally, including X and ChatGPT, for several hours on Tuesday. The websites for the chief U.S. energy regulator and the New Jersey transit authority were also impacted. Many services were operational again by 10 a.m. in New York

Cloudflare detected a “spike in unusual traffic” to one of its services, which resulted in errors for some traffic passing through its network, according to a company spokesperson. Jackie Dutton, a spokesperson for Cloudflare, stated that it was resolved in four hours.

The issue stemmed from a configuration file that is automatically generated to manage threat traffic; it grew beyond the expected size of entries and caused a crash in the software system managing traffic for several Cloudflare services. Dutton noted that there was no evidence of malicious activity or a cyberattack.

The Federal Energy Regulatory Commission’s website, which oversees utilities, power traders, and U.S. electricity markets, was also unavailable. This website provides access to regulatory cases and filings relevant to various businesses, lawyers, and regulators. Additionally, the websites of major international food and agricultural companies, such as Cargill Inc. and Louis Dreyfus Co., went down

According to a representative from the Metropolitan Transportation Authority (MTA), Cloudflare’s outage also impacted New York City’s transit system. Due to the issue affecting multiple websites, the MTA advised riders to use its apps, MTAapp or TrainTime, for real-time transit status and trip planning. The MTA operates the city’s buses, commuter rails, and subways, making it the largest public transportation system in the United States.

Chart Chaos: Why US Stocks Face a 10% Tumble Soon

Posted on November 18, 2025November 18, 2025 by Olumide Adesina

US stock market chart patterns show that the recent decline could escalate into a full-blown correction of at least 10%. The S&P 500 Index’s dip from its peak in October was exacerbated on Monday by a strong selloff, which dropped the index by 2.28% to 3.2%—the largest decline from its peak since February and April.

The benchmark index closed below its 50-day moving average for the first time in 139 sessions, ending the second-longest period this century above that closely watched trend line.

Additionally, the index fell more than fifty points below Goldman Sachs Group Inc.’s benchmark of 6,725. Early in the day, Lee Coppersmith noted the potential for this situation to turn buyers into sellers, particularly among trend-following quant funds or Commodity Trading Advisors (CTAs).

John Roque, head of technical analysis at 22V Research, claims that the Nasdaq Composite Index is also displaying some “ugly” signals. He claimed that more of the index’s roughly 3,300 members are trading at 52-week lows than highs, indicating internal market weakness that makes a further rally improbable. Roque advised investors to take a defensive stance, saying that if it wasn’t evident during the first week of November, “it should be now: a correction is occurring.”. He anticipates that the Nasdaq Composite, which has dropped more than 5% from its previous high, will continue to decline by up to 8% before testing support at 22,000.

The high-flying technology stocks that propelled the S&P 500’s 38% rise from its April low to its October high have been central to the recent market weakness. With their stalled progress, the market is now leaning on industries that are more vulnerable to signs of a slowing economy and declining consumer confidence.

Among the Magnificent Seven tech stocks, Alphabet Inc. is the only one that has lost nearly 4.5% this month. Most of this year’s market gains have come from that group. As investors scrutinize the substantial borrowing needed to finance growth, sentiment around the artificial intelligence trade has shifted from euphoria to skepticism. For instance, Amazon.com Inc. sought $15 billion in bonds from the credit market on Monday.

Fundamentals may come back into focus later in the week, while technical chart weaknesses dominated market discussions on Monday.

Retailers such as Walmart Inc., The Home Depot, and Target Corp. will present findings and analyses regarding the upcoming holiday shopping season. Nvidia Inc. will be the last major mega-cap tech company to release its latest results.

Additionally, government economic data that hasn’t been released in seven weeks will start to emerge. Lower-income consumers appear to be under increasing pressure as the economy slows, particularly in the labor market. Even if this decline worsens somewhat, 2025 could still be a favorable year for stocks, as the S&P 500 is still up more than 13% year to date, and the Nasdaq Composite is holding a gain of nearly 18%.

Bear Claws XRP—Down 20% Already, $2 Support on Ripple’s Brink!

Posted on November 18, 2025 by Olumide Adesina

XRP is currently experiencing a downward trend, even following the historic launch of spot XRP ETFs.

The cryptocurrency has seen a decline of about 20% from its recent highs, and the profitability of holders has dropped to levels not witnessed since earlier this year. Currently, XRP is trading at $2.1551, continuing its descent from the $2.60 level reached just a few weeks ago.

Despite the improved regulatory clarity that accompanied the introduction of the spot XRP ETF in September—the first U.S.-listed fund providing direct exposure to the asset—profitability among XRP holders has significantly decreased throughout November. According to data from Glassnode, approximately one-third of all XRP holders are now facing unrealized losses, with the percentage of supply in profit falling from around 85-90% in October to current levels between 65-70%.

This marks a considerable shift from earlier periods when nearly all the supply remained profitable. For instance, when XRP was trading near $3.50 in July and August, as well as during the January rally to $4, nearly all holders experienced gains. This is the lowest profitability level since November 2024.

The connection between declining prices and supply profitability shows that holders are experiencing increasing pressure. As more wallets enter a loss position, the likelihood of capitulation selling rises. If support levels do not hold, this could speed up the downward trend. Currently, XRP’s Relative Strength Index (RSI) is at 37.81, indicating that while conditions are approaching oversold territory, they have not fully developed yet. This suggests that there may be further price declines before a potential technical rebound takes place.

Panic Grips Bitcoin: Traders Wager on Plunge to $80K Amid Fresh Sell-Off

Posted on November 18, 2025 by Olumide Adesina

Bitcoin is plummeting, and traders are preparing for a loss. The biggest cryptocurrency in the world fell below $90,000 on Tuesday morning, intensifying a selloff that has wiped out all of its yearly gains. As wealthy buyers beat a retreat, traders in the options market are pessimistic, believing that the decline is far from over.

There has been an increase in demand for downside protection at the $85,000 and $80,000 levels. According to data from Deribit, a company owned by Coinbase, protective options that expire later this month are seeing particularly high activity. More than $740 million worth of contracts betting on further declines that expire in late November have been purchased by traders, far outpacing interest in bullish positions, after riding Bitcoin to its highs just weeks ago.

Companies referred to as “digital-asset treasuries” are businesses that acquired substantial cryptocurrency holdings earlier this year, hoping to turn their investments into profitable stock market positions. However, these companies have faced significant challenges. For instance, Michael Saylor’s Strategy, Inc. recently purchased an additional $835 million worth of Bitcoin, while some of his business colleagues are feeling increasing pressure to sell assets to protect their balance sheets.

This selling activity has created a market full of investors who are too deep in the red to make additional purchases but are not ready to accept their losses. As a result, there is a psychological overhang influencing market sentiment. According to a sentiment index from the data analytics platform CoinMarketCap, which tracks factors like price momentum, volatility, and derivatives, cryptocurrency users are currently experiencing “extreme fear.” This sentiment is further affected by broader economic factors. For example, traders are closely watching Nvidia Corp.’s earnings report on Wednesday, which could signal speculative and technological risks and shift expectations for potential gains.

Ether, the token associated with Ethereum, is particularly vulnerable. The second-largest cryptocurrency in the world fell to $2,946 on Tuesday, representing a more than 20% decline since early October. After a severe wave of liquidations earlier this month led to approximately $19 billion being wiped out in digital assets, the market overall has been in disarray. Data from Coinglass indicates that open interest in cryptocurrency futures contracts has decreased, particularly for smaller tokens like Solana, where positioning has dropped by more than half.

Bitcoin Crashes Below $90K: ETF Holders Dive into Deep Red Waters

Posted on November 18, 2025 by Olumide Adesina

The Bitcoin surge that attracted a large number of new investors, thanks to ETFs, has officially collapsed. Currently, investors in US exchange-traded funds that provide direct access to cryptocurrencies are suffering collective losses.

According to Sean Rose of Glassnode, the average cost basis for all ETF inflows is roughly $89,600, which Bitcoin surpassed on Tuesday. The flow-weighted average price of all ETF inflows since launch is shown in that figure.

The cohort is losing money when Bitcoin moves below that line. The good news is that, according to Rose, many purchases made when the coin was worth between $40,000 and $70,000 are still profitable.

The achievement highlights how quickly optimism in cryptocurrency markets has diminished. Bitcoin has now fallen more than 30% after reaching all-time highs in early October.

Despite the well-known volatility of cryptocurrencies, Wall Street was unprepared for the decline due to the influx of institutional capital that had flooded the market since Donald Trump’s election. For both institutional and retail investors, who have benefited greatly from the recent surge in cryptocurrency due to the prospect of future gains, the breach represents a test of strength.

Although the ETF wrapper has been praised as a more secure and regulated way to invest in digital assets, the recent decline serves as a reminder that Wall Street’s arrival hasn’t eliminated the infamous volatility of cryptocurrencies. This year, billions of dollars have poured into Bitcoin-focused exchange-traded funds (ETFs).

The lineup has become so popular that issuers have introduced products beyond funds that concentrate on the biggest token and its siblings, Ether. According to data compiled by Bloomberg, there are currently over 110 cryptocurrency-focused ETFs trading in the US.

China’s Gold Tax Axe: VAT Break Slashed, Buyers Brace for Price Sting

Posted on November 17, 2025 by Olumide Adesina

China is ending a long-standing gold tax incentive, which could be a blow to buyers in one of the world’s largest bullion markets. A new Ministry of Finance law will ban Beijing from allowing retailers to deduct value-added tax from gold sales purchased from the Shanghai Gold Exchange, whether sold directly or after processing.

This rule applies to both investment products, such as high-purity gold bars, ingots, and coins authorized by the People’s Bank of China, and non-investment items like jewelry and industrial materials.

The move is expected to increase government revenue during a time when a sluggish real estate market and slow economic growth strain public funds. However, these changes will likely make gold purchases more expensive for Chinese consumers as well.
Gold’s recent record-breaking rally has moved into overbought territory due to a buying frenzy among retail investors worldwide, setting the stage for a sharp correction.

A reversal of the relentless buying of gold through exchange-traded funds, which had been rising since late May, coincided with the metal’s worst decline in over ten years. It also occurred at the end of the Indian holiday-related seasonal buying period.

Meanwhile, demand for bullion as a safe-haven asset decreased following a trade truce between the US and China. Nonetheless, gold remains trading near the $4,000-an-ounce level that it crossed earlier in October, and many of the factors fueling its rise are expected to persist, including central bank purchases around the world, US interest rate cuts, and ongoing global uncertainties that continue to attract investors seeking safety..