Cryptocurrency markets are falling despite increasing whale trading.
| cryptocurrency | price | Gain +/- |
| Bitcoin BTC/USD | $66,789.25 | -1.9% |
| Ethereum ETH/USD | $2,471.40 | -2.5% |
| Solana Sol/USD | $167.86 | -5.4% |
| dogecoin doge/usd | $0.134 | -5.6% |
| Shiba Inu SHIB/USD | $0.00001721 | -3.8% |
Notable statistics:
- According to IntoTheBlock data, large transaction volume increased by 12.5% and daily active addresses decreased by 6.3%. Transactions over $100,000 fell from 8,210 to 8,092 in one day. Exchange net flows decreased by 38.6%.
- According to data from Coinglass, 80,992 traders were liquidated in the past 24 hours, bringing the total liquidation amount to $236.73 million.
Notable developments:
Top losers:
| cryptocurrency | price | Gain +/- |
| pop cat Pop Cat/USD | $1.42 | -11.1% |
| goat seus maximus goat/usd | $0.6569 | -10.8% |
| pendle pen dollar/USD | $4.46 | -8.7% |
Trader notes: As Bitcoin price falls, industry expert The Moon pointed out that Bitcoin temporarily plunged again to retest the upward support. “If this 4-hour candlestick closes bullishly, it could reach $70,000 soon,” he predicts.
BloFin Partner Justin Bennett marks Bitcoin's range over the weekend and predicts a 'chopfest'.
CryptoQuant highlights that retail Bitcoin remittance activity remains at low levels and that historically a rise in Bitcoin prices has often been preceded by declines in activity, adding remittances reached $326 million, the lowest amount since at least 2020.
Cryptocurrency trader Poseidon predicts Bitcoin will reach $80,000 by 2025.
what's next: The impact of Bitcoin as an institutional asset class will be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on November 19th.
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