Listen to today’s podcast: https://www.youtube.com/channel/UC-nqwUyvLDEvs7bV985k-gQ
Bitcoin/Crypto Daily Podcast – November 10, 2025
Today’s podcast episode was created from the following stories:
10 Sunday Reads
A wide-ranging weekend digest spans a record $19 billion crypto liquidation, a geopolitically driven gold rush led by China, and mounting concerns over AI models trained on paywalled content. The mix paints a picture of risk repricing across assets and intensifying policy frictions shaping markets. It’s a timely snapshot of the forces tugging at both crypto and traditional finance.
Bitcoin’s Big Money Is Moving — Old Whales Selling At A Furious Pace
Spot Bitcoin ETFs saw $558 million in single-day outflows, with Fidelity’s FBTC and BlackRock’s IBIT leading redemptions, even as JPMorgan boosted its IBIT stake. On-chain, long-dormant wallets and “mega whales” offloaded billions, while price held a demand zone near $100,000–$102,000 with resistance around $114,000. The action looks more like profit-taking and rotation than panic, but liquidity below $100,000 appears to have been probed.
Bitcoin ETFs Weekly Net Outflows Cross $1 Billion Amid $100,000 Price Retest
U.S. spot Bitcoin ETFs recorded about $1.28 billion in net outflows for the first week of November, with IBIT and FBTC seeing the largest withdrawals. Despite the pullback, the products still report roughly $60 billion in cumulative net inflows, underscoring the scale of institutional participation. Analysts at Coincodex anticipate a short-term recovery toward prior highs, but warn of possible retracement as markets seek stability.
Bitcoin Correction Nears Peak Point — Is a Rebound Underway?
An on-chain oscillator tracking Bitcoin’s 90-day market price versus realized price has dropped to around -1.27 standard deviations, indicating an “extreme cooldown.” Historically, similar readings have marked the end of downtrends and preceded fresh price expansions. If the pattern holds, BTC could be setting a local bottom before the next leg higher.
Big Bitcoin Holders Are Selling, But Few Buyers Are Stepping In as Demand Weakens
CryptoQuant data shows long-term holders ramping up profit-taking while apparent demand has softened, a departure from earlier bull phases when inflows easily absorbed supply. Slower ETF demand is a key factor, contributing to BTC’s difficulty holding above $102,000. Without a pickup in new demand, price may chop in a tight range through November.
U.S. regulator that may rule over digital assets pushing toward crypto spot trading
Acting CFTC chief Caroline Pham is meeting directly with regulated exchanges to get retail spot crypto products trading on designated contract markets, even without explicit new legislation. The agency is also advancing a pilot for stablecoins as tokenized collateral and restructuring its enforcement operations. If executed, these moves could give institutions a clearer, regulated path to onshore spot and leveraged crypto exposure.
JPMorgan discloses 64% increase in BlackRock Bitcoin ETF holdings in 2025 Q3
JPMorgan reported holding roughly 5.28 million shares of BlackRock’s IBIT as of September 30, alongside notable call and put positions. The bank’s research team argues Bitcoin is undervalued versus gold on a risk-adjusted basis, modeling potential upside over the next 6–12 months. The disclosure lands as IBIT endures a week of outflows, highlighting how institutional positioning can diverge from short-term ETF flows.
Ledger eyes NY listing as revenue hits triple-digit millions amid surge in hacks
Hardware wallet maker Ledger is weighing a New York listing after a record year for revenue, spurred by a spike in crypto thefts and rising security awareness. The firm says it safeguards about $100 billion in BTC, though its new multisig interface and fee structure have drawn community criticism. The potential listing and fresh fundraising plans underscore persistent demand for self-custody tools.
Wall Street is bought in on crypto’s upside potential, but not its tech
Institutions are piling into ETFs and other off-chain products while largely avoiding on-chain venues that can’t yet match Wall Street’s speed, reliability, and determinism. The piece argues blockchains must deliver predictable performance and seamless integration to compete, citing advances like parallel execution and VM-agnostic connectivity. Once on-chain rails outperform legacy setups without sacrificing resiliency, order flow could migrate and unlock deeper liquidity.
Spain’s Civil Guard arrests alleged leader of €260M crypto-linked Ponzi scheme
Spanish authorities detained the suspected head of the Madeira Invest Club, an alleged international Ponzi that promised guaranteed returns across crypto, gold, and luxury assets. Investigators say more than 3,000 victims were impacted as funds were shuffled through shell companies and accounts in at least 10 countries. The case highlights ongoing global enforcement against high-yield, multi-asset scams.
Bitcoin sorprende al mercado: el motivo real detrás de su desplome bajo los 104.000 dólares
Following October’s massive liquidations, BTC slid to its lowest level since June as risk appetite faded and hedging via puts picked up. ETF outflows and reduced futures leverage add pressure, though lower leverage also curbs the risk of cascading wipeouts. The $100,000 zone is the key psychological support as markets watch tech-stock correlations and macro signals.
