Accumulation vs Distribution
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Bear Exhaustion
Yahoo Financeยท 2025-11-24 18:24
Group 1: Bitcoin Market Dynamics - Bitcoin (BTC) experienced a low of $80,000 with record volumes and ETF outflows, but saw inflows of $238 million on November 21, indicating a potential local low forming [2] - Following the inflows, Bitcoin rebounded to over $87,000, with significant open interest on call options for November 28, 2025, above $88,000 [2] - Traders are hedging positions with puts down to $60,000 strike levels, indicating a cautious approach as they aim to lock in profits before year-end [2] Group 2: Ethereum Market Trends - Ethereum (ETH) is following Bitcoin's upward trend, currently trading above $2,800 but below the critical $3,000 level [3] - Perpetual funding rates for Ethereum are mixed across exchanges, with some like OKX and KuCoin showing negative annualized rates, while Bybit reports nearly 11% annualized [3] - The market is seeing momentum build for Ethereum, suggesting a potential rally could be on the horizon [3]