📊 Coinbase Monthly Outlook: October’s sell-off wasn’t the end of the cycle—it may have been the reset it needed.

Excess leverage is flushed, fundamentals remain intact, and institutional players are quietly rotating back in. Smart money is clustering around EVM chains, RWAs, and yield protocols—pointing to selective re-risking, not retreat.

Key takeaways:
— Leverage is cleaner, but liquidity gaps remain.
— Capital is rotating, not entering—selectivity remains critical.
— Macro risk lingers, but structural demand builds.

We think this is the base-building phase before the next leg up, not a cycle top.

🗣 #BTC Tom Lee says Bitcoin is more valuable than gold and will reach $1M–$3M long-term.

95% of all Bitcoin has been mined, but 95% of the world doesn’t own Bitcoin.

📊 Altcoin Trading Volume is now 51% of All trading volume.

Altseason? 👍 - Yes / 👎 - No

📉 #DeFi TVl was hit hard this week, with all major chains recording double-digit drawdowns:

#ETH ~14%
#SOL ~12%
#BSC ~12%

📊🤔 #XRP Glassnode: Unlike previous profit realization waves that aligned with rallies, since late September, as XRP fell from $3.09 (~25%) to $2.30, profit realization volume (7D-SMA) surged by ~240%, from $65M/day to $220M/day.

This divergence underscores distribution into weakness, not strength.

📊 Artemis: Stablecoin Update October 2025

— Binance and Bybit P2P Markets volume rose 54% and 117% YoY, respectively.
— After Binance was removed in Nigeria, ByBit gained share by facilitating a significant amount of stablecoin volume.

Support the channel: Trade on Bybit🚜

📈🤔 #BTC MVRV Ratio is signalling a possible bottom formation.

History suggests thats when the MVRV falls to the 1.8-2.0 range, it coincides with mid term bottom or early recovery phase.

📉 #NFT Trading volume in the NFT market this week fell 9.22% to $85.31 million

📊 #ETH Coinglass: About 291,000 ETH was withdrawn from CEX this week.

🕵️‍♂️🐳 #BTC Whale, who previously held 11k BTC, today transferred all of his remaining 3,549 BTC ($361.8M) to a new address, from which he transferred 600 BTC to Kraken.

🧯 #BNB CZ burned ~$490k worth of memcoins (#SHORT, #quq, #SIREN, #BNBCARD and #XXY) that were in the donation wallet.
Also stated that he will be selling them on the market next time.

🗣 CEO Ledger stated that the company's 2025 revenue has reached hundreds of millions of dollars, which is the best in history.
Also added that the company may go public listing in New York or do a new round of private fundraising. ft

🙋‍♂️👀 #BTC Saylor posted his signature “orange signal” — a hint he may be gearing up for another major Bitcoin buy.

🔮 #BTC Robert Kiyosaki predicts that BTC will reach $250,000 by 2026.

📝 Projects that will hold initial listings next week

📊👀 Gold + silver lead all major assets since Trump’s re-election, up 50% & 53% in a year, outperforming stocks, #BTC & Nvidia in their strongest post-election rally in decades.

🔄👀 #CORE Core DAO November 25 plan to roll out Hermes update on the main network.
Key changes:
- The update will reduce block completion time to ~6 seconds;
- Will add support for BLS12-381 cryptography, access to historical block hashes and EOA with code;
- Validators will be able to issue multiple blocks in a row, increasing throughput and reducing network latency;
- Commission support for CORE and BTC steaking will be available.

🇪🇸👮‍♂ Spanish crypto influencer CryptoSpain detained on $300 million fraud and money laundering charges. link

🤔 #BTC Renowned short seller closes MSTR/BTC position, signaling the end of the Bitcoin treasury bear market. link

🇺🇸👀 Caroline Pham, acting CFTC, confirmed a report by CoinDesk that the agency is in direct talks with regulated exchanges to launch spot crypto trading as well as derivatives trading.

🇺🇸🍿 Axios: Senate Democrats signaled Sunday that they are ready to support a bipartisan package to reopen the government.
Senate Majority Leader John Thune: The deal is nearing completion.