BlackRock transferred $506 million in digital assets to Coinbase Prime on November 1. The transaction comprised approximately 3,496 BTC valued at $384 million and 31,754 ETH worth $122 million, according to Arkham data. The assets originated from wallet addresses associated with the firm's iShares Bitcoin ETF and iShares Ethereum ETF products.

Large Bitcoin traders on Binance have increased average spot order sizes to $1.96 million, reflecting institutional accumulation. The metric has climbed steadily since mid-October, with whales viewing current price levels as strategic entry points, according to CryptoQuant analyst Arab Chain. Daily spot trading volume for Bitcoin pairs on the exchange exceeded $2.82 billion.

Bitcoin fell from approximately $118,000 to near $110,000 by October 31, 2025, breaking typical seasonal patterns. Network activity declined sharply, with active addresses dropping 26.1% to 872,000 and transaction fees falling from $8.44 to $0.56, data show. November has historically delivered a median return of 8.81% for BTC since 2013, with potential upside factors including easing trade tensions and increased probability of a December Federal Reserve rate cut.

Bitcoin has not reached its cycle top, according to five technical indicators identified by Mark Newton, global head of Technical Strategy at Fundstrat Global Advisors. The cryptocurrency traded above $110,000 on November 1, while the Crypto Fear and Greed Index remained at 33 out of 100, indicating persistent fear in the market.

Japan has activated its first government-linked Bitcoin mining facility, deploying 4.5 megawatts of Canaan Avalon mining rigs to absorb surplus solar and wind power from a regional utility. The system dynamically adjusts hashing capacity in response to grid conditions, stabilizing loads and eliminating renewable curtailment. Industry analysts suggest the unnamed operator is likely Tokyo Electric Power Company, which has previously conducted similar trials.

Bitcoin declined 3.8% to $110,063 on October 28 following Federal Reserve Chair Jerome Powell's indication that the central bank may pause rate cuts through 2025. Ethereum fell 3.6% to $3,853, while XRP dropped 4.1% to $2.51. Despite the selloff, Bitcoin ETFs recorded $202.48 million in net inflows, as Robert Kiyosaki warned of an approaching financial crisis.

Strategy (MSTR), the corporate Bitcoin holder led by Michael Saylor, is preparing to issue credit securities in international markets. CEO Phong Le announced the initiative during the Q3 earnings call, marking the firm's expansion into digital asset-based credit instruments beyond U.S. borders. The company reported operating income of $3.9 billion and net income of $2.9 billion for Q3, reversing year-ago losses.

A Japanese state-backed utility has deployed 4.5 MW of Canaan Avalon hydro-cooled mining rigs to absorb surplus renewable energy and stabilize the national power grid. The mining hardware functions as an adjustable load buffer, powering down during high demand and reactivating when renewable generation exceeds consumption. The project positions Japan as the 11th country with government-affiliated Bitcoin mining infrastructure.