Calm Before Another Drop?

DAILY MARKET OVERVIEW

Fragile Markets

👋 Hey, Crypto Enthusiasts! The weekend offered a brief slowdown in selling, but the market is already back under pressure. Let’s break it down.

Selling cooled off during the weekend simply because ETF holders couldn’t unload positions. That changed this morning when BlackRock resumed depositing BTC and ETH into Coinbase as investors returned to dumping ETF shares.

Bitcoin is still struggling to find solid footing. Momentum remains soft and a drop below 80k sometime this week is a real possibility. Buyers are hesitant and every bounce feels weak.

On the altcoin side, a few headlines surfaced. Grayscale’s DOGE and XRP products have begun trading, but the response has been almost nonexistent.

⚠️ Macro risks are adding fuel to the bearish backdrop.

Deutsche Bank is warning that Japan might be heading toward a crisis. Bond yields are climbing, the yen keeps falling, and investors are getting nervous. If this continues, it could trigger a shock in global bond markets.

🌎️ Tensions between the US and Venezuela are also heating up. Any escalation from the US could impact markets quickly, adding another layer of uncertainty.

🔻 The environment is still pointing lower and traders are operating with very limited optimism.

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Sentiment Test

The market is extremely difficult to trade right now. We keep seeing sharp dumps followed by sudden short squeezes on coins like 0g, Popcat, ICP and others. Both longs and shorts are getting wiped out, which shows how fragile conditions still are.

Another test for sentiment arrives with today’s main event, the official launch of Monad. It is yet another Layer 1 backed heavily by VCs. It went live today and is trading close to its recent Coinbase hosted ICO price of $0.025.

• They are also doing an airdrop to a large number of wallets, so make sure to check their official page to see if you qualify.

The general expectation is that most people will sell their airdrop and many traders will try to short it. The interesting part is that the Monad token will not be highly inflationary until Q3 2026 when a significant amount of tokens begin unlocking for investors and the team.

This creates the possibility for another short squeeze once airdrop tokens hit the market and people start stacking shorts. If you are planning to short it, be careful. The setup is perfect for a squeeze.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Grayscale Dogecoin ETF Brings Meme Asset Deeper Into Wall Street
Grayscale’s GDOG ETF converts its Dogecoin trust into a NYSE Arca listed product, marking the second US DOGE ETF amid a broader altcoin ETF wave.

Grayscale GXRP ETF Expands XRP Access After Ripple Case Ends
GXRP launches on NYSE Arca, giving investors simple XRP exposure as Grayscale builds out its altcoin lineup in a softer SEC environment.

Upbit Targets Nasdaq After Naver Merger Move
Korean exchange Upbit is preparing a Nasdaq IPO following its merger into Naver, joining Bithumb in chasing US listing ambitions.

Japanese Asset Managers Line Up Crypto Trusts Ahead Of Rule Changes
Major firms in Japan are designing crypto investment trusts and ETFs as regulators move to reclassify digital assets and cut tax rates.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – The Unemployment Rate Rises to 4.4%(24.11.2025 Summary)

Benjamin Cowen breaks down the latest unemployment data and explains why Bitcoin might be in for a longer cooldown. Despite rising unemployment and clear signs of labor market weakness, the Fed remains reluctant to cut rates - and that’s putting pressure on crypto.

Benjamin’s Outlook – Key Points

• Unemployment is rising - The U.S. rate hit 4.4%, with job openings and hiring back at 2015 levels. People are quitting less, showing fear about job security.

• Fed can’t pivot yet - Inflation is ticking higher, and Powell signaled they may not cut in December. Without looser monetary policy, crypto struggles to gain traction.

• Bitcoin mirrors 2019 - BTC is showing the same pattern as 2019: a soft top, followed by a drop under the 50-week moving average and likely a bounce before drifting lower.

• A visit to the 200-week EMA is likely - Cowen expects BTC to fall toward $65K or lower by mid-2026, aligning with historical bear markets.

• It’s the cycle, not the narrative - Cowen warns that retail keeps trying to explain this cycle with new narratives, but Bitcoin is just repeating its post-halving pattern.

Final Takeaway
Cowen expects the bear market to last until October 2026. Despite hopeful headlines, the macro environment isn’t ready to support a full crypto rebound - not yet.

CoinBureau – Peter Schiff Warns: Bitcoin ETFs Face Major Outflows + Altcoin Risks Ahead (24.11.2025 Summary)

Peter Schiff joins Coin Bureau to deliver a fiery take on Bitcoin’s recent correction, arguing that this cycle is fundamentally different due to new factors like ETFs, Bitcoin-backed companies, and gold's resurgence. He warns that many crypto-related businesses are at serious risk of collapse.

Peter’s Outlook – Key Points

• Bitcoin ETFs are a liability - Schiff believes ETF investors aren't true believers and will rush to exit as prices drop, causing rapid outflows.

• Bitcoin treasuries are unsustainable - He claims companies like MicroStrategy depend on stock premiums to keep buying BTC. If prices fall and those premiums disappear, the model breaks.

• Leverage and forced selling - While Coin Bureau pushed back, Schiff insists that many holders used Bitcoin as collateral and will be forced to sell at lower levels.

• Gold is outperforming - With gold up over 50% on the year and Bitcoin down, Schiff says the narrative of BTC as “digital gold” is collapsing.

• He predicts more downside - Without deep-pocketed buyers and with speculative demand drying up, Schiff thinks Bitcoin could face a brutal unwinding.

Final Takeaway
Schiff believes the only thing that could save Bitcoin now is a government bailout - a scenario he doesn’t rule out under Trump. Still, he sees this market as driven by hype and set for deeper losses, while gold regains its role as the true store of value.

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