On-chain sentiment platform Santiment warns that widespread bottom-calling in crypto markets may signal further downside ahead. Bitcoin briefly dropped below $95,000 on Friday, triggering social media predictions of a market bottom. However, Santiment notes that historical bottoms typically form when pessimism—not consensus optimism—dominates trader sentiment.

Bitcoin has posted a negative return over the past year, trailing U.S. long-duration Treasury bonds by approximately 6 percentage points. The cryptocurrency dropped roughly 25% from mid-October highs near $126,000 to $94,000, while retail search interest has declined to bear-market levels.

Tether is evaluating participation in a funding round for Germany-based Neura Robotics that could reach $1.16 billion, according to the Financial Times. The transaction would value the robotics startup between $9.29 billion and $11.6 billion.

The European Union is transitioning from crypto rulemaking to active enforcement under MiCA. Policymakers are considering transferring supervision from national regulators to ESMA to address cross-border inconsistencies. Major firms including Revolut, Blockchain.com, and Relai recently obtained MiCA authorizations for EEA-wide operations.

Bitcoin has fallen to approximately $95,000 this week, marking its third consecutive week of losses. The probability of a Federal Reserve rate cut in December has declined from 90% in late October to around 54%, according to Polymarket data. Institutional outflows continue as Bitcoin futures open interest dropped from nearly $100 billion to about $60 billion.

Circle (CRCL), issuer of the USDC stablecoin, has seen its stock decline 68% from its June 23 peak of $298 to around $82. The company faces its lockup period expiration this Friday, two days after third-quarter earnings release. Analysts warn that historical data shows 58% of outperforming IPOs underperform post-lockup.

Bitcoin dropped below $94,000 on Friday, reaching its lowest level since early May. Market technician Axel Adler Jr. presented a valuation framework identifying $87,000 and $74,000 as critical downside zones, both now considered achievable based on current on-chain metrics. The decline has erased over $1 trillion from total cryptocurrency market capitalization since October.

Chainlink has recorded a GitHub activity score of 366 over the past 30 days in real-world asset blockchain development, exceeding the second-ranked project by more than 35 percent. Hedera and Avalanche rank second and third in developer engagement metrics, data show. The analytics measure productivity through code commits and repository updates across tokenization-focused networks.