Bitcoin has fallen below its 50-week Moving Average for the first time in the current four-year cycle, according to crypto analyst Tony Severino. Historical patterns show that previous breaks below this level led to average declines of 62%, raising the prospect of a drop toward $38,000. Momentum indicators have also reached lows not seen in over 1,250 days.

Bitcoin has stabilized above $80,000 following a 30% decline, but options market data suggests reduced expectations for a strong year-end rally. Jake Ostrovskis of Wintermute notes that bullish call positions have been rolled down with targets capped below all-time highs, while risk metrics show negative sentiment through year-end.

The World Federation of Exchanges, representing Nasdaq and Deutsche Boerse, urged the SEC to reject exemptions that would allow unregistered crypto platforms to offer tokenized stock products to US retail investors. In a November 21 letter, WFE CEO Nandini Sukumar warned against bypassing decades-old regulatory safeguards, as the agency considers an innovation exemption under Chair Paul Atkins.

An original Ethereum ICO participant has sold 20,000 ETH valued at approximately $58.14 million through FalconX. The whale originally received 254,908 ETH during the ICO for $79,000, now worth around $757 million. Ethereum continues trading below $3,000 as selling pressure mounts across the crypto market.

Solana developers have submitted proposal SIMD-0411 to double the blockchain's annual disinflation rate from 15% to 30%. The measure could reduce SOL token issuance by approximately 22.3 million units through 2031, according to documents published in the Solana Foundation's improvement repository. The proposal has triggered debate over validator economics and network security incentives.

Japan's Financial Services Agency has finalized amendments transitioning digital asset oversight from the Payment Services Act to the Financial Instruments and Exchange Act. The reforms mandate stricter disclosures, custody protections, and fraud prevention measures as cryptocurrencies gain mainstream adoption. Japan records 20,000 to 40,000 unique active Bitcoin addresses daily, but analysts note the country's substantial household wealth could drive significant institutional demand through ETFs and regulated investment vehicles.

Monad surged 51.2% to $0.048 after its November 24 mainnet launch before settling at $0.043, with trading volume climbing 85% to $1.22 billion. Whale-driven futures positioning pushed Open Interest to a record $178 million while Derivatives Volume surged 139% to $2.65 billion, data show. The rally reflects aggressive bullish positioning amid elevated technical indicators.

BlackRock's Strategic Income Opportunities Portfolio increased its iShares Bitcoin Trust (IBIT) position by 14% between June and September, bringing total holdings to 2.39 million shares valued at approximately $156 million, according to a quarterly filing. The expansion occurred as Bitcoin recovered to $90,000 after a 29% decline from its October peak. Nasdaq ISE filed to raise IBIT options position limits to one million contracts from the current 250,000.