Crypto Market Slides: BTC and ETH Drop as Risk-Off Sentiment Deepens

I. Crypto Market Overview

Key Takeaways

Macro Environment

The US government has ended its record shutdown, with key economic data releases this week expected to drive volatility. Market uncertainty persists as CME data shows a 44.4% chance of a Fed rate cut in December, fueling risk-off sentiment. Japan's ¥17 trillion stimulus aims to boost liquidity, but weak GDP and potential BOJ rate hikes add to yen and crypto market volatility.

Crypto Market

The crypto market remains under pressure, with Bitcoin down 4.43% to $97,474 and Ethereum dropping 9.27% to $3,144.86 in 24h, both hit by ETF outflows and risk-off flows. Altcoins broadly declined; ASTER fell 8.40%, Telcoin 4.06%, and Starknet 3.32%. No major positive catalysts emerged, and risk aversion dominates amid macro and regulatory headwinds.

Today's Outlook

Devconnect 2025 opens in Buenos Aires, spotlighting Ethereum's real-world adoption and ecosystem growth. The Monad public sale launches, offering 7.5% of supply at a $2.5B FDV, potentially drawing significant market attention and liquidity.

Fear and Greed Index

50.00% Annual Percentile

18 Fear

Total Crypto Market Cap

$3.22T

0.48%

Total Market Trading Volume

$162.22B

63.03%

Altcoin Season Index

58.33%

Quarterly Percentile

31 / 100

Total Futures Market Open Interest

4.30B

0.47%

Futures

845.46B

11.02%

Perpetuals

II. Industry Updates

Macro-economic Policies

The U.S. government has ended its record 43-day shutdown, with key economic data such as non-farm payrolls and CPI set for release this week; the resumption of data flow is expected to increase volatility and inform crypto market direction.

CME Group data shows a 44.4% probability of a Federal Reserve rate cut in December, reflecting market uncertainty; shifting rate expectations are driving risk-off sentiment and contributing to Bitcoin's recent price decline.

Japan plans a stimulus package exceeding ¥17 trillion to counter rising living costs and economic contraction, which may boost liquidity and risk appetite in Asian crypto markets amid recent Bitcoin and altcoin sell-offs.

Preliminary Q3 GDP data shows Japan's economy contracted 0.4% quarter-on-quarter, better than expected; the weaker growth outlook is influencing yen volatility and could impact crypto trading pairs involving JPY.

The Bank of Japan's October meeting summary signals a potential interest rate hike as early as December, which could strengthen the yen and affect capital flows into risk assets, including cryptocurrencies.

Cryptocurrency Regulatory Trends

The SEC has launched 'Project Crypto' to establish clear digital asset regulations, aiming to replace inconsistent enforcement with transparent rules and boost institutional participation in the crypto market.

In response to the JPEX crypto scandal, Hong Kong has strengthened its regulatory framework for virtual assets, highlighting increased scrutiny on unlicensed platforms and investor protection.

The U.S. government has resumed operations after a record shutdown, with upcoming economic data releases expected to influence regulatory discussions and market sentiment in the crypto sector.

Recent regulatory concerns and macroeconomic pressures have contributed to Bitcoin's price drop to $93,000, triggering 'extreme fear' in the market and impacting overall investor confidence.

ASTER (ASTER): ASTER surged 10.99% in 24h, leading Top Gainers with $1.07B volume, but no specific catalyst or news event was identified in major crypto news sources.

Telcoin (TEL): Telcoin jumped 9.81% in 24h with $15.54M trading volume, ranking second among gainers; no clear project event or news was found to explain the move.

Starknet (STRK): Starknet rose 8.42% in 24h, supported by strong technical breakout above $0.197 and rising volume, as bulls target higher liquidity zones according to CoinFutura.

Smart Money Movements

Harvard Management Company increased its holdings in BlackRock's iShares Bitcoin Trust (IBIT) by 257% to 6.8 million shares, valued at $442.9 million, making IBIT its largest public equity position as of November 14, 2025.

BlackRock withdrew nearly $474 million in Bitcoin from its crypto fund in a single session, marking the largest dollar outflow since entering the market and intensifying market pressure.

The USDC Treasury minted 750 million USDC in three rapid transactions of 250 million each within 15 minutes, highlighting significant stablecoin liquidity management activity.

A dormant Ethereum ICO wallet transferred 200 ETH, worth approximately $626,000, after over ten years of inactivity, reflecting a 10,097-fold increase from the original investment.

A Cardano user lost $6.05 million by exchanging 14.4 million ADA for 847,000 USDA in a low-liquidity trade, with the ADA having been inactive for nearly five years before the transaction.

Events to Watch

Nov 17 (Mon)

Devconnect 2025 opens in Buenos Aires, featuring Ethereum Day and Agents Day; Monad public sale launches, offering 7.5% of supply at $2.5B FDV.

Nov 18 (Tue)

Warp Chain WRP IDO launches on Eesee; Sovereign Day Buenos Aires explores blockchain's impact on global finance.

Nov 19 (Wed)

Avalanche Granite mainnet upgrade activates, introducing cross-chain messaging and biometric security; US Federal Reserve releases meeting minutes; DuneCon 2025 and Chainalysis Nodes events held in Buenos Aires and UAE.

Nov 20 (Thu)

US September employment data released, impacting USD and risk assets; DeFi Security Summit and StarkConnect take place in Buenos Aires.

Nov 21 (Fri)

ETHGlobal Buenos Aires hackathon begins with $500,000 in prizes; MiRA CAML Blockchain Service IDO launches on Red Kite; US September real wage data released.

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