It probed another level lower over the weekend. Yesterday evening, people I follow were still writing that Bitcoin was around 66,000. This morning, @Bitwux said it had just dropped to 63,000 “very smoothly,” while @zhuanfgghjnb woke up to $BTC 63k, $ETH 1748. The trending leaderboard looked even worse: UNI was down around 16%, SUI and ADA were both near 13%, and even BNB had dropped about 8%. @_FORAB asked why Bitcoin, gold, and silver all plunged together on Saturday night. One new explanation that seemed to fit came from an analysis reposted by @cz_binance: someone wrote that Bitcoin fell about 19% before SpaceX went public, and this time it was down about 18% before Anthropic’s “second-biggest IPO” entered the picture. The post said it plans to go public next week and hopes to raise around $64 billion. A news roundup gave the ticker as ANT and a date of around November 19, but I haven’t seen the original official listing announcement in the posts I follow, so don’t treat that date as confirmed yet. Sentiment is very bearish: people are writing about a “waterfall that washes your face,” “the Qing dynasty is over,” and “breaking 60,000 any minute now.” @thankUcrypto first said Ethereum’s Saturday daily candle was already down about 10% and still drifting lower, adding, “This isn’t a good spot; in a bear market, defend more.” Later, he wrote that he was scaling in from 62,500 to 61,000. The night before, he had also said, “You can buy a weekend crash, but don’t touch a slow weekend bleed.” The Huang Renxun petition and Musk’s “handshake agreement” warning are still gaining traction, but people are more focused on the continued weekend sell-off.
At these levels, people are betting on 62, 60, and 58. @roger73005305 wrote that 62 might not hold and that he expected heavy volume near 58. He also said 2026 would be a year of panic and 2027 a year of despair. @TingHu888 wrote that if it reaches 60,000, they’ll buy more in one go and don’t expect it to break below 60,000, influenced by the short squeeze after the previous rebound from 57,800. @PhyrexNi wrote: small long at 63,666, stop-loss at 57,600. On Ethereum, @Paris13Jeanne criticized the foundation for not selling when prices rise, but selling when they fall. On $NVDA , @elonmusk said that much of the supply chain relies on verbal agreements with Huang Renxun himself, and that without him some key deals might be lost. He also said the other party had never let him down when it came to delivering computing power. @_FORAB reposted it. @lianyanshe wrote that petition signatures had risen from around 7,700 when Musk said he would sign to around 85,000 by 21:00 on Saturday. They claimed about 45,000 shareholders and around 4,700 current employees, but these figures were self-reported and identities were not verified. @KZG6886 wrote that before Kress had even officially taken over, rumors were already circulating that OpenAI’s Ohio guarantee had been cut from around $250 billion to around $105 billion. They also reminded people that next Tuesday after the close will be the first earnings report without Huang Renxun. @whale_alert tracked large SOL transfers overnight: around 1.883 million tokens, worth about $130 million, were transferred to Coinbase Institutional, and another roughly 1.457 million, worth about $102 million, moved between unknown wallets. @Meta8Mate compared Saylor and Tom Lee, using the post’s then-current figures of around 67,000 for Bitcoin and around 1,900 for Ethereum: Bitmine held around 6.07 million ETH at an average price of about 3,300, with unrealized losses close to $9 billion; Strategy held around 850,000 Bitcoin at an average price of about 75,456, having gone from a peak unrealized gain of over $7 billion back underwater, with unrealized losses of about $7 billion. Bitcoin fell even further after that; those were the prices at the time of the post.
On the meme-coin front, AKE is still running. Users themselves are writing, “Just watching AKE is enough to make money.” Shrimp哥 @PolskaCebula is still using his 4-to-5x return as a benchmark. On Saturday afternoon he also got into BLESS after it had been flat for a long time, afraid of missing a run like AKE’s. It pumped right after he bought, but this morning I haven’t seen broader follow-up posts. SOPH was also his pick: he wrote that after a signal yesterday that the position was close to exceeding the market cap, it kept climbing, then made a new high after shaking out holders. He said the only place in this market with any wealth effect is low-market-cap altcoin futures on Binance. ASTER, by contrast, looks more like a dump. @0xzhaozhao wrote that it was still around 0.63U yesterday morning before crashing hard; someone else put it at around 0.51. They suspected market makers were pulling out of trending coins and also pointed to “Niu Lai” crashing to around 0.046 and “Ren Sheng” losing around 0.46. @wuk_Bitcoin directly asked whether Aster was going to zero. On the prediction market, @Ciciyingying wrote that Gen.G had about a 63% chance of winning the League of Legends final, versus around 38% for BLG. This morning, @hellosuoha, @thankUcrypto, and others wrote that BLG had already won; the market had previously favored Gen.G. On a related note, @_FORAB said gold, silver, and Bitcoin had fallen together, while @yijiangren wrote that after this gold spike down, the short-term move was probably mostly over, but Bitcoin was hard to call. Peter Schiff is bearish again. Someone relayed his claim that prices might return to the 2022 low of around $16,500 before year-end, and that if they fell that far, Strategy would be “completely finished.” No new spot ETF data for the day was available at the time of writing—it’s the weekend, after all. For reference only; not investment advice.
At these levels, people are betting on 62, 60, and 58. @roger73005305 wrote that 62 might not hold and that he expected heavy volume near 58. He also said 2026 would be a year of panic and 2027 a year of despair. @TingHu888 wrote that if it reaches 60,000, they’ll buy more in one go and don’t expect it to break below 60,000, influenced by the short squeeze after the previous rebound from 57,800. @PhyrexNi wrote: small long at 63,666, stop-loss at 57,600. On Ethereum, @Paris13Jeanne criticized the foundation for not selling when prices rise, but selling when they fall. On $NVDA , @elonmusk said that much of the supply chain relies on verbal agreements with Huang Renxun himself, and that without him some key deals might be lost. He also said the other party had never let him down when it came to delivering computing power. @_FORAB reposted it. @lianyanshe wrote that petition signatures had risen from around 7,700 when Musk said he would sign to around 85,000 by 21:00 on Saturday. They claimed about 45,000 shareholders and around 4,700 current employees, but these figures were self-reported and identities were not verified. @KZG6886 wrote that before Kress had even officially taken over, rumors were already circulating that OpenAI’s Ohio guarantee had been cut from around $250 billion to around $105 billion. They also reminded people that next Tuesday after the close will be the first earnings report without Huang Renxun. @whale_alert tracked large SOL transfers overnight: around 1.883 million tokens, worth about $130 million, were transferred to Coinbase Institutional, and another roughly 1.457 million, worth about $102 million, moved between unknown wallets. @Meta8Mate compared Saylor and Tom Lee, using the post’s then-current figures of around 67,000 for Bitcoin and around 1,900 for Ethereum: Bitmine held around 6.07 million ETH at an average price of about 3,300, with unrealized losses close to $9 billion; Strategy held around 850,000 Bitcoin at an average price of about 75,456, having gone from a peak unrealized gain of over $7 billion back underwater, with unrealized losses of about $7 billion. Bitcoin fell even further after that; those were the prices at the time of the post.
On the meme-coin front, AKE is still running. Users themselves are writing, “Just watching AKE is enough to make money.” Shrimp哥 @PolskaCebula is still using his 4-to-5x return as a benchmark. On Saturday afternoon he also got into BLESS after it had been flat for a long time, afraid of missing a run like AKE’s. It pumped right after he bought, but this morning I haven’t seen broader follow-up posts. SOPH was also his pick: he wrote that after a signal yesterday that the position was close to exceeding the market cap, it kept climbing, then made a new high after shaking out holders. He said the only place in this market with any wealth effect is low-market-cap altcoin futures on Binance. ASTER, by contrast, looks more like a dump. @0xzhaozhao wrote that it was still around 0.63U yesterday morning before crashing hard; someone else put it at around 0.51. They suspected market makers were pulling out of trending coins and also pointed to “Niu Lai” crashing to around 0.046 and “Ren Sheng” losing around 0.46. @wuk_Bitcoin directly asked whether Aster was going to zero. On the prediction market, @Ciciyingying wrote that Gen.G had about a 63% chance of winning the League of Legends final, versus around 38% for BLG. This morning, @hellosuoha, @thankUcrypto, and others wrote that BLG had already won; the market had previously favored Gen.G. On a related note, @_FORAB said gold, silver, and Bitcoin had fallen together, while @yijiangren wrote that after this gold spike down, the short-term move was probably mostly over, but Bitcoin was hard to call. Peter Schiff is bearish again. Someone relayed his claim that prices might return to the 2022 low of around $16,500 before year-end, and that if they fell that far, Strategy would be “completely finished.” No new spot ETF data for the day was available at the time of writing—it’s the weekend, after all. For reference only; not investment advice.