Flipster Crypto Weekly (November 7)

Bitcoin slips, snaps back above $100K as $600M in longs implode

November 7, 2025

BTC slipped back below the six-figure mark this week, briefly dipping to around $98K as over $600 million in long positions were liquidated across major exchanges, before recovering to roughly $101K. ETH also moved lower to around $3K before stabilizing near $3.3K, while Bitcoin dominance held steady above 60%, suggesting traders continue to favor majors amid rising DeFi risks.

The selloff accelerated after Stream Finance disclosed a $93M loss linked to external fund mismanagement, setting off a wave of de-pegging across synthetic stablecoins including Elixir’s deUSD. Elixir later confirmed it will sunset deUSD and repay remaining holders 1:1 in USDC.

Meanwhile, macro uncertainty and cautious Fed language kept risk appetite muted. The market’s next focus: U.S. inflation data and updates on the Genius Act implementation that could reshape stablecoin oversight.

Institutional & Corporate Moves

Despite market stress, institutional activity stayed steady:

• Robinhood’s Q3 crypto trading revenue soared 300% YoY to $268M, boosting total revenue to $1.27B.

• Ripple raised $500M at a $40B valuation, led by Fortress and Citadel.

• J.P. Morgan and Google made fresh integrations: JPM allowing BTC and ETH as collateral by end-2025, and Google adding Polymarket and Kalshi prediction data directly into search results.

Market & Protocol Moves

Momentum across key protocols and projects stayed active despite market turbulence:

• Binance will launch pre-market perpetuals for Stable, as Polymarket odds of a $4B FDV sit near 26%.

• Monad confirmed its TGE on Nov 24, with community airdrop details due mid-month.

• Balancer and Berachain moved into post-exploit recovery, jointly recovering over $140M in funds.

Still, liquidity stress across smaller DeFi protocols has traders shifting back toward BTC, ETH, and stables, hinting at a potential setup for a volatility rebound once macro data clears.

Market Outlook

Momentum is coiling again. Funding rates have flipped negative across key pairs, and open interest has compressed to two-month lows. Historically, such setups precede sharp directional moves.

Watch for volatility expansion in mid-November, with potential catalysts including the upcoming U.S. inflation print, Fed commentary, and the $SOL ETF decision due on Nov 15.

With both macro and on-chain factors aligning, could the stage be set for a meaningful move ahead?

Position early. Trade where it moves, on Flipster.

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