GEMINI

With Binance’s reserve ratio sinking to its lowest level since 2018, many analysts are watching closely. Periods like this have often been followed by strong #Bitcoin breakouts. When exchange reserves shrink, it usually means fewer coins are available for sellers, while buyer activity begins to rise. If this setup holds, Bitcoin may be heading toward a noticeable upward shift.

#Bitcoin’s recent slide into the low 80K range has attracted a noticeable wave of new accumulation. That activity has created a dense cost basis cluster on the heatmap, marking this level as an important area to watch. The concentration of buyers here suggests the zone could act as strong support with many of them likely to step in again if the price retests it. Overall, this range is shaping up to be a core foundation for the current market structure.

The #Bitcoin Fear and Greed Index has shifted from Fear to Extreme Fear 👀#

#XRP’s futures open interest has gone through a heavy reset. It dropped from almost 1.7 billion XRP at the start of October to around 0.7 billion XRP. That’s a flush of nearly sixty percent. The funding rate also cooled sharply, slipping from close to 0.01 percent to 0.001 percent on the seven day average.

These changes show that October 10 was the point where traders stepped back. The market shifted from aggressive long chasing to a more cautious environment. Most of the excess leverage has already been cleared and XRP is now in a cleaner position where any new move will likely be driven by actual buying interest instead of overheated speculation.

In the last day, the market took a heavy hit as 81,273 traders were liquidated, adding up to $140.64 million in losses. The biggest single wipeout came from an #ETHUSDT position on Binance worth $4.37 million.

As M2 money supply keeps increasing, it suggests there’s more cash circulating in the economy. Extra liquidity often pushes investors toward assets with higher potential and crypto usually responds well in these conditions. If this continues, it could give #Bitcoin and the rest of the market a solid boost.

The UK government will introduce stricter rules in 2026 to stop people from avoiding taxes on crypto 👀

Still Fear 👀

Around 6.3 million #BTC are now at an unrealized loss, mostly between -10 and -23.6 percent, which looks more like the slow, sideways environment of early 2022 rather than a real capitulation. The main area to watch is the zone between 88.6K dollars, the realized price of active holders, and 82K dollars, the true market average.

Staying above this range suggests the market is in a softer downtrend that still holds its structure, while losing it could shift the entire setup toward a deeper bearish phase similar to 2022 and 2023. Traders are watching this level closely because the reaction here usually shows whether long term holders are confident enough to support the floor or if pressure is starting to build beneath the surface.

Over the past 24 hours, the market has taken a heavy hit. A total of 83,630 traders were liquidated, adding up to roughly 157.22 million dollars. The biggest single wipeout was on OKX in the #BTCUSDT swap, valued at 2.35 million dollars.

Recent price action shows that #Bitcoin has been cooling off since March 2024 and the market is entering a stage where a longer correction becomes possible. The monthly RSI dropping toward 60 percent suggests the strong push from earlier in the cycle has softened. In the two previous cycles, a similar RSI drop was followed by a waiting period of about 200 to 300 days before a new strong upward trend started to build again.

If history stays consistent, the next realistic window for a major bottom could appear between June and October 2026. That kind of window usually turns into a quieter phase where long term holders accumulate, price movements become less aggressive and the early signs of recovery begin to show.

Positive Coinbase premium is back, showing renewed U.S. spot demand. Buyers are stepping in with confidence and the market may pick up further if this flow keeps building.

For the past few days the #Bitcoin Fear and Greed Index was showing extreme fear, now it has risen to fear 👀

The recent spike in #Bitcoin and #Ethereum inflows to #Binance stands out. When inflows rise like this, it usually reflects a shift in strategy from big players. Instead of quietly accumulating, they’re positioning themselves to trade more actively. Moving funds onto the exchange gives them room to take profit, rotate between assets or offload some holdings if needed. It’s a sign that the market may be heading into a more active and distribution focused phase...

Over the past 24 hours, 109,710 traders have been liquidated, adding up to 287.86 million dollars in losses. The biggest blow came from Binance, where a single #BTCUSDT position worth 5.82 million dollars was wiped out.

The market is heading into the end of November expiry with a dense cluster of open interest sitting at the 100K strike. That zone has become a major pivot. If price slips under it with clear pressure, dealers may need to unwind or adjust hedges, which typically adds more downward pressure.

A steady close below 100K would show that sentiment has shifted firmly toward the bearish side. It could also stir up another round of volatility, especially if liquidity gets thinner and short term traders start reacting aggressively to the break.

For the market to make a real push toward a new all time high, it first needs to move above the major supply zones held by top buyers. The first hurdle sits around $93k-$96k, and the next one is between $100k-$108k. These areas often attract selling pressure from traders looking to exit breakeven.

If the price manages to climb through both ranges with strong participation, it would show clear buying strength and set up the chart for a healthy continuation to the upside.

Recent market data shows a clear change in how traders are positioning around #Ethereum. A rising futures multiple often signals that the market expects stronger short term movement. Right now, many #ETH participants are preparing ahead of a possible price push, suggesting that a sharper move could be on the way. If this trend continues, trading activity may pick up fast.

We’re seeing a sharp decline in #XRP holdings on #Binance. If this continues, XRP could be stepping into a more refined market phase, drawing growing attention from institutional players. When exchange supply drops, it often hints at accumulation, which can pave the way for stronger price moves once demand rises.

Still Extreme Fear 👀