Bitcoin News in Nigeria

The post Bitcoin Price is Oversold Below $85,000: Reversal Opportunity? appeared on BitcoinEthereumNews.com. Bitcoin has fallen sharply over the past several days, dropping to its lowest level in six months as bearish momentum strengthens. The decline has pushed BTC below key psychological thresholds and left traders preparing for additional downside.  Yet despite the weakness, several indicators suggest a potential opportunity is emerging beneath the surface. Bitcoin Could Repeat History The Relative Strength Index has entered the oversold zone for the first time in nine months, signaling extreme selling pressure. The last time Bitcoin was officially oversold was in February, a period that preceded a notable recovery. Oversold conditions often hint at incoming reversals, but timing remains uncertain. Sponsored Sponsored During the previous oversold event, Bitcoin fell an additional 10% before the rebound began. A similar pattern now could send BTC toward $77,164 before buyers regain control. If the decline is contained and this deeper drop is avoided, Bitcoin may bounce sooner. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Bitcoin RSI. Source: TradingView Macro momentum indicators are similarly pointing to undervaluation. Bitcoin’s MVRV Ratio sits at -14%, marking its lowest level in three years. The 30-day MVRV conveys two clear signals: holders are currently at a loss, and BTC is undervalued relative to historical norms. This environment tends to slow selling and increase accumulation. The zone between -8% and -18% is historically known as the “opportunity zone,” a range where downside pressure typically saturates. Selling exhaustion often leads to steady accumulation, which in turn supports recovery. Bitcoin MVRV Ratio. Source: Santiment BTC Price Drops To $85,000 Bitcoin trades at $85,860 at the time of writing and is holding above the crucial $85,204 support level. Based on current indicators, BTC could experience a slight further downside before staging a rebound, especially if oversold conditions intensify. A bearish continuation may drive…

The post Bitcoin (BTC USD) Capitulation Below $90K Triggers Another Liquidation Wave appeared on BitcoinEthereumNews.com. Key Insights       Bitcoin (BTC USD) slides to new 6-month low after losing its $90,000 support, with liquidations approaching quarter of a billion dollars. Mega whale that held BTC since 2011 liquidates 11,000 BTC worth $1.3 billion, contributing to the sell pressure. Whale addresses with over 100 BTC clock new ATH. The price of Bitcoin has officially tanked below $90,000 after losing its footing due to weak demand and sustained sell pressure. This consequently resulted in another liquidation event with longs bearing the pain. Quite a number of investors expected the price of Bitcoin to bounce back from the $90,000 price level. This was evident by the ratio of longs versus short liquidations. The total Bitcoin (btc usd) value liquidated in the last 24 hours surged over $413 million in the last 24 hours. The bulk of those liquidations were longs, at $369 million, while shorts were a fraction of that figure at just over $43 million. Bitcoin liquidation/ source: Coinglass This latest wave of liquidation occurred after Bitcoin experienced a mid-week spike in positive funding rates. These liquidations may have pushed BTC much lower with price dropping to 6-month lows. Bitcoin (BTC USD) Mega Whale Dumps Over $1.3 Billion Worth of BTC Speaking of liquidations and sell pressure, it emerged that one of the biggest sellers in the last 24 hours was a mega whale. This particular whale has been in the game since 2011 and offloaded over 11,000 BTC whose value was worth over $1.3 billion.  Bitcoin whale sells massive BTC holdings/ source: X courtesy of Coin Bureau The data also revealed that the particular whale sold off all its holdings. This kind of sell pressure highlights the recent panic selling in the market. While this particular whale contributed a great deal to the declining Bitcoin…

Markets Share Share this article

Copy linkX (Twitter)LinkedInFacebookEmail

Japan Approves $135B Stimulus Pack

TLDR: Metaplanet cancels 20th–22nd Series SARs and issues 23rd & 24th Series rights via third-party allotment. New SARs have no discount on exercise price and adjust daily based on closing share price. Estimated net funding from issuance and exercise: ~¥147.9 billion toward BTC strategy. Maximum dilution from new rights limited to ~18.38% of shares if [...] The post Metaplanet Cancels Early Rights and Issues New SARs to Fuel Bitcoin Accumulation appeared first on Blockonomi.

The post Bitcoin ETFs snap 5-day outflow streak with $75M reversal! appeared on BitcoinEthereumNews.com. Key Takeaways Did Bitcoin ETF outflows finally stop? Yes. Spot Bitcoin ETFs recorded $75.47M in net inflows on 19 November, breaking a brutal 5-day outflow streak that drained institutional money. How did BlackRock’s IBIT perform after the record exodus? IBIT bounced back with $60.61M in inflows—a dramatic reversal from the historic $523M outflow just one day earlier on 18 November. Spot Bitcoin ETFs recorded $75.47 million in net inflows on 19 November, snapping a five-day outflow streak that tested institutional appetite for Bitcoin exposure.  The reversal arrived as BTC stabilized near $90,000, with BlackRock’s IBIT leading the recovery just one day after suffering its worst exodus on record. Source: SoSoValue SoSoValue data shows the turnaround marks a critical shift in sentiment. The five-day bleeding period saw institutional money flee Bitcoin ETFs as price broke below key support levels and Fed rate cut expectations collapsed. BlackRock leads dramatic one-day turnaround IBIT contributed $60.61 million in inflows on 19 November, completely reversing course from the historic $523 million outflow recorded on 18 November.  That single-day exodus represented the largest redemption in IBIT’s history, dragging the entire ETF market into negative territory. The rapid reversal suggests institutional sellers exhausted themselves during the five-day decline. Buyers stepped in as Bitcoin held support near $89,000, viewing the dip as an accumulation opportunity rather than the start of a deeper correction. Grayscale’s smaller BTC fund added another $53.84 million in inflows, continuing its pattern of attracting institutional capital even during broader market weakness. The fund has consistently posted positive flows while larger competitors experienced volatility. Fidelity and VanEck continue bleeding Not all ETFs participated in the recovery. Fidelity’s FBTC recorded -$21.35 million in outflows, extending its own streak of redemptions. VanEck’s HODL posted -$17.63 million in exits. Meanwhile, most mid-sized and smaller ETFs, including GBTC, ARKB,…

The post Bitcoin and Ethereum Slide Further: Predictions Suggest Rising Odds of Dumps Amid Fed Uncertainty appeared on BitcoinEthereumNews.com. Bitcoin and Ethereum prices have declined amid macroeconomic uncertainty, with predictions shifting toward bearish outlooks on platforms like Myriad. This week’s top markets focus on BTC and ETH’s next moves, alongside expectations for another Federal Reserve rate cut in 2025, influencing crypto volatility. Bitcoin (BTC) faces potential further drops to $50,000 support levels as bearish […] Source: https://en.coinotag.com/bitcoin-and-ethereum-slide-further-predictions-suggest-rising-odds-of-dumps-amid-fed-uncertainty

PANews reported on November 21 that on-chain data shows that address 0x85C deposited approximately $2.24 million worth of USDC into HyperLiquid to open a 40x leveraged short position in Bitcoin.

The post Federal Reserve Rate Cut Prospects Uncertain Amid Market Confusion appeared on BitcoinEthereumNews.com. Key Points: Mixed September payroll data affects Federal Reserve rate cut decisions. Rate cut probabilities for December stand at 32%. Crypto markets see volatility with expected moves by major assets. Financial institutions are reassessing a potential December Federal Reserve rate cut following September’s mixed non-farm payroll data, altering market outlooks for both traditional and crypto assets. Diverging expectations on interest rates impact asset markets, with BTC and ETH experiencing volatility amid uncertainties regarding Federal Reserve policy decisions. Conflicting Economic Signals and Institutional Forecasts Financial institutions diverge in their expectations for a rate cut after mixed data from September’s non-farm payrolls. Rising unemployment has prompted XTB to predict a Federal Reserve rate cut, while others remain cautious. Goldman Sachs Asset Management focuses on weak economic data and inflation close to the target as critical factors in Fed policy. Contrary views stem from recent hawkish statements and adjustments to market rate-cut expectations. A December rate cut is far from a foregone conclusion. This adds to the cryptocurrency’s price volatility, affecting high-beta assets like BTC and ETH. Bitcoin Price Movement Amid Fed Rate Cut Speculation Did you know? In past instances, unexpected Federal Reserve policies have typically ushered in risk-off behavior in crypto markets, notably decreasing volatility for tokens like BTC and ETH. According to CoinMarketCap, Bitcoin (BTC) is currently priced at $85,839.24 with a market capitalization of $1.71 trillion. Market dominance stands at 58.03%. The latest 24-hour trading volume reached $94.8 billion, declining by 7.18% over the last 24 hours. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 03:49 UTC on November 21, 2025. Source: CoinMarketCap Coincu’s research team notes the potential impact of a delayed rate cut on speculative and high-beta crypto assets, resulting in near-term volatility amidst macroeconomic uncertainty. DISCLAIMER: The information on this website is provided as general market commentary and…

The post MicroStrategy’s MSTR Hits 52-Week Low as BTC Dips, Trading Below BTC Holdings Value appeared on BitcoinEthereumNews.com. MicroStrategy’s MSTR stock has fallen to a new 52-week low of $173.55 amid a Bitcoin price slump below $88,000, highlighting risks in its Bitcoin treasury strategy and raising concerns about future share issuances. MSTR shares dropped 40% year-to-date and over 62% in the past 12 months, closely mirroring Bitcoin’s downturn. The stock’s valuation now trades […] Source: https://en.coinotag.com/microstrategys-mstr-hits-52-week-low-as-btc-dips-trading-below-btc-holdings-value