Bitcoin has maintained support above $80,000 since dropping to that level on November 21. On-chain data show institutional wallets reducing positions while mid-sized holders accumulate. Technical indicators point to weakening selling pressure, though distribution from large whale cohorts continues.

Bitcoin fell to $80,000 on Friday, an eight-month low, capping what may be the worst week since November 2022. Crypto Banter founder Ran Neuner links the decline to MSCI's October 10 announcement that it is reviewing whether Digital Asset Treasury firms should be reclassified as funds rather than companies. A final ruling is expected January 15, 2026, and could force index exclusions and institutional sell-offs.

Bitcoin has retreated nearly 26% from record highs, triggering a sell signal from the SuperTrend indicator—the first since 2022. Market analyst Ali Martinez notes that the previous signal preceded a 67% decline from $69,000 to approximately $17,000. If similar patterns emerge, BTC could potentially fall to around $31,185 in coming months. Additional technical indicators, including a death cross, have also appeared on Bitcoin charts.

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.

Memecoin POPCAT fell 43% on Wednesday after a trader executed a manipulation scheme on Hyperliquid, a decentralized exchange. An unknown actor withdrew $3 million USDC from OKX, distributed funds across 19 wallets, and built long positions worth $20 million to $30 million on POPCAT. The trader then abruptly removed a $30 million buy wall, triggering mass liquidations totaling approximately $63 million.

Bitcoin is trading around 20% below its all-time high of $126,000, but technical indicators point to a potential rally. The cryptocurrency has closed above the 50-day Exponential Moving Average on the weekly chart, a level that has supported major advances over the past two and a half years, according to analysts at The Bull Theory. With the Relative Strength Index holding multi-year support and the MACD indicator nearing a reversal zone, projections suggest price targets between $160,000 and $180,000 in early 2026.

Bitcoin began November trading below its recent consolidation levels amid market uncertainty. Analysts from The Bull Theory identify several factors that historically align with strong BTC performance in November, when the cryptocurrency has averaged 40–42% gains in past years. These catalysts include the resumption of government spending, corporate buyback programs, elevated Federal Reserve repo activity, and accumulated Treasury balances.

Seychelles-registered crypto platform MEXC experienced a surge in user withdrawals on Friday following social media allegations of financial instability. A trader known as "The White Whale" reported his account holding $3–5 million was suspended without bot usage, triggering community warnings. The exchange's Chief Strategy Officer issued a public apology and confirmed the funds were released, according to her social media statement.

Market analyst VirtualBacon identifies a potential Federal Reserve liquidity policy shift as a critical driver for cryptocurrency markets in 2025. After 18 months of quantitative tightening, the Fed is nearing a pause in balance sheet reduction and may resume liquidity expansion. Historical patterns show similar Fed policy transitions have correlated with altcoin rallies.