The Canary XRP ETF launched on Nasdaq on November 13, marking the first US-listed spot exchange-traded fund for XRP. The product recorded $243 million in net inflows during its debut trading session. The fund carries a 0.50% management fee and offers both cash and physical redemption options.

Bitcoin is trading around $97,000 after falling below $100,000 for the first time since May. Binance Futures order books reveal significant bid walls totaling approximately 2,800 BTC, with clusters of 800 BTC and up to 2,000 BTC positioned near current price levels, according to CryptoQuant analyst Maartunn. The concentration of buy orders suggests large-scale accumulation by institutional traders.

Bitcoin has dropped through support levels at $106,400 and $99,000, raising concerns about additional downside. Analysts are monitoring horizontal price channels established since January 2024 ETF approvals, with potential support identified at $93,000, $85,000, and $79,000.

A holder transferred 92.6 million XRP tokens to Coinbase during a sharp market decline, blockchain data show. The movement occurred as broader cryptocurrency markets weakened, raising questions about near-term supply dynamics. Despite the inflow, total XRP reserves on exchanges fell nearly 9%, indicating continued withdrawal activity by other participants.

Strategy executive chair Michael Saylor rejected claims the company sold Bitcoin from its treasury, stating the firm continues active accumulation. Saylor confirmed Strategy will disclose additional purchases Monday. The denial followed speculation triggered by on-chain data showing movements of approximately 47,000 BTC worth $4.6 billion.

A major Ethereum investor purchased 36,445 ETH worth approximately $114.91 million in two transactions despite ongoing market pressure. The whale has accumulated 422,175 ETH since November 4, valued at roughly $1.34 billion at an average price of $3,489, according to Lookonchain data. The position currently holds over $120 million in unrealized losses as Ethereum trades near $3,200.

China injected approximately $50 billion into global markets as Bitcoin fell below $100,000, according to Solana News. On-chain data indicates the cryptocurrency market remains in a mid-cycle phase. Analysts maintain a long-term bullish outlook despite recent volatility.

Bitcoin faced resistance between $99,386 and $100,972 before pulling back to a key support zone spanning $93,000 to $97,000. The retreat formed another lower low, reinforcing near-term bearish pressure, according to analyst More Crypto Online. Bulls must defend this range to prevent further downside toward $91,322–$82,523.