The cryptocurrency market experienced a downturn from November 24 to November 30, 2025, with major assets declining and a slowdown in trading activity across both spot and perpetual markets. Despite this, stablecoin flows remained robust, with the total stablecoin market cap increasing by $3.26 billion. Institutional and whale activity showed resilience, as nine public companies collectively increased their Bitcoin holdings by 734.41 BTC, valued at $62.2 million. Notably, Tom Lee's Bitmine acquired 96,798 ETH worth $273 million, bringing its total holdings to 3,726,499 ETH, valued at $11.52 billion. Additionally, Arthur Hayes made significant purchases, including 4.89 million ENA, 436,000 PENDLE, and 696,000 ETHFI. Meanwhile, an Ethereum ICO participant sold 20,000 ETH for $58.14 million.