Bitcoin has traded around $102,000 over the past 24 hours, data show. On-chain analyst Burak Kesmeci projects a local bottom could form near $95,000 to $96,000, based on historical UTXO age band patterns. The 1-week to 1-month realized price band crossed below the 1-month to 3-month band on November 1, a signal that has preceded corrections averaging 13.3% in 2025.

Bitcoin's Sharpe Signal metric on Binance has declined to approximately -0.277, reflecting deteriorating risk-adjusted returns for market participants, according to data from Arab Chain. The negative reading coincides with Bitcoin trading around $101,747. The metric had maintained values above 0.2 between July and September, a period that aligned with positive price momentum.

On-chain data indicates Bitcoin may be forming a price bottom after sustained selling pressure since mid-October. Four key metrics reveal weakening speculative short positions and increasing buying power, according to analysis by Sunny Mom on CryptoQuant. BTC currently trades around $102,510.

Coinbase stock (COIN) hit $350 on October 31 after posting strong third-quarter results and amid reports of acquisition negotiations. The exchange reported $1.9 billion in revenue and $432.6 million in net income for Q3 2025, up 55% year-over-year. Coinbase is in late-stage talks to acquire London-based stablecoin infrastructure provider BVNK for approximately $2 billion, according to Bloomberg.