Venture capital investors attribute the recent digital asset downturn to two primary factors: the October 10 liquidation event and worsening macroeconomic conditions. Key market stabilization signals include Federal Reserve policy clarity, consistent economic data releases, and sustained capital inflows into cryptocurrency investment products. Several investors note improving risk-reward ratios as valuations for revenue-generating tokens have reset to 2024 levels despite stronger fundamental metrics.

Major bitcoin traders significantly increased their exchange deposits following last week's price decline to approximately $80,000, data show. On November 21, total bitcoin transfers to exchanges reached 9,000 BTC, with 45% originating from large deposits of 100 BTC or more. The average bitcoin deposit value climbed to 1.23 BTC in November, marking the highest level in a year.

Strategy's bitcoin premium has fallen to levels approaching those last seen during the 2021–2022 crypto winter, TD Cowen analysts said. The firm maintains its buy rating and $535 price target for MSTR, projecting the company will hold 815,000 bitcoin by fiscal year-end 2027. Potential removal from MSCI indices in February poses a near-term risk, with an estimated $2.5 billion in passive outflows expected.

Coinbase has agreed to acquire Vector.fun, a Solana-based trading platform developed by Tensor Labs, for an undisclosed sum. The deal, expected to close by year-end, represents Coinbase's ninth acquisition in 2025. Vector's technology will be integrated into Coinbase's decentralized exchange infrastructure to expand access to Solana ecosystem assets.

Retail investors withdrew approximately $4 billion from spot bitcoin and ether exchange-traded funds throughout November, data show. The outflows, which already exceed the previous record set in February, represent the primary driver behind the recent cryptocurrency market correction, according to JPMorgan analysts. During the same period, equity ETFs attracted roughly $96 billion in retail inflows.

Strategy could face approximately $2.8 billion in outflows if removed from MSCI indices, with total exposure reaching $11.6 billion should other index providers follow, JPMorgan analysts said. The bitcoin-focused company holds roughly $9 billion of its $50 billion market capitalization in passive funds tracking major indices including the Nasdaq-100, MSCI USA, and MSCI World. MSCI is consulting on a proposal to exclude companies primarily engaged in digital asset treasury management, with a decision due January 15, 2026.

Geoffrey Kendrick, head of digital assets research at Standard Chartered, says bitcoin's recent pullback has ended, drawing parallels to similar-sized corrections over the past two years. Key metrics including MicroStrategy's mNAV falling to 1.0 signal downside exhaustion. A year-end rally is now his baseline scenario.

Cboe Global Markets will launch bitcoin and ether continuous futures contracts on December 15, pending regulatory approval. The products will offer perpetual-style exposure on a U.S.-regulated platform with 10-year expiries and daily cash adjustments to maintain alignment with underlying asset prices.

Bitcoin could decline to approximately $72,000 within one to two months if it fails to hold support above $100,000, according to CryptoQuant. The firm cites weakening demand following the October 10 mass liquidation event and bearish market conditions as primary risk factors. Julio Moreno, CryptoQuant's head of research, noted that failure to sustain the $100,000 level increases the likelihood of a move toward $72,000 in that timeframe.