Bitcoin's Market Value to Realized Value (MVRV) ratio has declined to the 1.8–2.0 range, a valuation zone that has historically coincided with major market bottoms. The metric, which compares Bitcoin's market capitalization to its aggregate cost basis, reached similar levels during market lows in June 2021, November 2022, and April 2025, according to market analysts.

Filecoin, Artificial Superintelligence Alliance's FET, and Near Protocol posted strong advances on Friday despite cautious market sentiment. The Fear and Greed Index remained around 21, reflecting limited risk appetite even as these tokens rallied on AI infrastructure narratives and ecosystem developments.

Long-term Bitcoin holders have sold approximately 790,000 BTC in recent weeks while buyer demand has contracted since early October, according to CryptoQuant data. Short-term apparent demand has remained negative for roughly 30 days. Bitcoin declined over 5% from around $110,000 to above $103,000 as selling pressure outpaced incoming capital.

A trader holding a $190 million short position on Bitcoin faces liquidation at $104,017, with BTC currently trading at $103,660. The position requires only a 0.34% price increase to trigger one of the largest single wipeouts in crypto history, according to Arkham Intelligence.

Chainlink's reserve account acquired 78,250 LINK tokens valued at $1.1 million in its largest single purchase to date. The additions brought total reserves to 729,338 LINK worth $10.8 million. Social sentiment for the oracle platform reached a three-year high while LINK traded near $14, creating a bullish divergence that historically precedes price reversals.

Franklin Templeton's spot XRP exchange-traded fund has been listed on the Depository Trust & Clearing Corporation platform under ticker XRPZ, with Coinbase Trust serving as custodian. The listing represents a procedural advancement in the regulatory review process. Final approval from the Securities and Exchange Commission remains pending.

JPMorgan Chase expanded its position in BlackRock's iShares Bitcoin Trust by approximately 2.07 million shares during the third quarter, reaching a total of 5.28 million shares valued at around $333 million as of September 30. The bank's ethereum ETF allocation remained minimal at 66 shares worth approximately $1,700. The expansion comes as JPMorgan analysts project bitcoin could reach $170,000 within six to 12 months.

Coinbase Europe Limited has been fined €21.5 million by the Central Bank of Ireland for breaching anti-money laundering and counter-terrorist financing regulations between April 2021 and March 2025. The exchange failed to monitor over 30 million transactions worth more than €176 billion, representing approximately 31% of its total activity during a period of technical disruptions. Following a nearly three-year review, Coinbase filed 2,708 suspicious transaction reports with Irish authorities.