📊👀 #BTC Local Stress Index (LSI):
Over the past week, Bitcoin experienced two elevated stress waves:
1. Oct 28–30: LSI hit 74–75% amid price drop ($113K → $106K), high volatility, aggressive selling (ASR >0.52).
2. Brief relief (Oct 31–Nov 1): LSI fell to 30–40%, price rebounded to $110K—short-lived.
3. Ongoing wave (Nov 2–present): LSI at 67–73%, bearish signals (below 6h SMA, RV z-score >5, ASR >0.51). As of November 4: LSI 58.6% (elevated), price ~$104K.
Market shows weakness: rising leverage, negative liquidity, sustained sell pressure.
Over the past week, Bitcoin experienced two elevated stress waves:
1. Oct 28–30: LSI hit 74–75% amid price drop ($113K → $106K), high volatility, aggressive selling (ASR >0.52).
2. Brief relief (Oct 31–Nov 1): LSI fell to 30–40%, price rebounded to $110K—short-lived.
3. Ongoing wave (Nov 2–present): LSI at 67–73%, bearish signals (below 6h SMA, RV z-score >5, ASR >0.51). As of November 4: LSI 58.6% (elevated), price ~$104K.
Market shows weakness: rising leverage, negative liquidity, sustained sell pressure.
📊 #BTC CQ: Bitcoin reserves on exchanges rose for the first time in 6 weeks, which often precedes profit taking or risk reduction.
At the same time, miner reserves fell to their lowest level since mid-2025, suggesting that miners are forced to sell BTC to cover operating costs as energy subsidies and tax breaks remain suspended during the US Government shutdown.
Meanwhile, transactions to withdraw stablecoins from exchanges have soared to record highs, signaling a shift from risky assets to safety.
Together, these three metrics - exchange reserves, miner reserves and stackcoin withdrawals - form a consistent picture: capital is moving away from risk and onchain liquidity is shrinking.
At the same time, miner reserves fell to their lowest level since mid-2025, suggesting that miners are forced to sell BTC to cover operating costs as energy subsidies and tax breaks remain suspended during the US Government shutdown.
Meanwhile, transactions to withdraw stablecoins from exchanges have soared to record highs, signaling a shift from risky assets to safety.
Together, these three metrics - exchange reserves, miner reserves and stackcoin withdrawals - form a consistent picture: capital is moving away from risk and onchain liquidity is shrinking.
📊 #BTC Ecoinometrics: Days like this are a reminder that Bitcoin still trades as a high-beta Nasdaq 100 play most of the time.
When the Nasdaq drops more than 1.5% in a day,
— Bitcoin has a 75% chance of posting a negative return.
— On average, Bitcoin falls –2.4%.
So it’s no surprise that with the Nasdaq 100 selling off, Bitcoin is taking a hit too.
When the Nasdaq drops more than 1.5% in a day,
— Bitcoin has a 75% chance of posting a negative return.
— On average, Bitcoin falls –2.4%.
So it’s no surprise that with the Nasdaq 100 selling off, Bitcoin is taking a hit too.
MoeCrypto
🤔 Stream Finance: yesterday, the external fund manager overseeing Stream's funds reported the loss of $93 million in fund assets. In response, Stream is bringing in experts to fully investigate the incident. Meanwhile, the depeg has increased to 57%.
🏴☠️ #XUSD DeFi-analyst YieldsAndMore mapped the risks associated with Stream Finance's $93 million loss and said that hundreds of millions of dollars in loan and collateral positions could be indirectly affected across lending, stablecoin and liquidity pool networks.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.