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BTC
$91 587
24h volatility:
0.2%
Market cap:
$1.83 T
Vol. 24h:
$51.97 B
briefly dropped under $91,000 in the past 24 hours before bouncing back to around $91,500. The market is still down more than 18% over the past month, and on-chain data shows major holders are in a quiet “freeze” phase.
Meanwhile, CryptoQuant analysts reveal that whales have already taken heavy losses but are neither selling nor buying. This usually appears just before a potential bottom starts to form.
Bitcoin new whales vs old whales and PNL Index | Source: CryptoQuant
Fund‑flow data shows that institutions are accumulating, but only in small batches. They are very cautious while opening a position and are waiting for a clear macro trigger before pushing harder.
Despite the fear, Bitcoin’s market cap is holding above $1.8 trillion which confirms that bigger players are absorbing supply and helping create a bottom support.
However, Glassnode data shows the next major hurdles sit at $93,000-$96,000 and $100,000-$108,000. Heatmap data confirms dense chip clusters between $94,000-$98,000 and $101,000-$118,000. These are zones where traders have historically resisted both sell‑offs and rebounds.
Breaking above the top-buyers’ supply clusters is a key prerequisite for regaining momentum toward a new ATH.
The major immediate clusters sit at $93k–$96K & $100k–$108K, where typically some degree of resistance from recent buyers is expected.
https://t.co/dFiE9YGNP3 https://t.co/lHVm7IpC2W pic.twitter.com/vScwKBbj0D
— glassnode (@glassnode) November 28, 2025
Also, a large cluster of nearly 950,000 BTC appeared around the $84,000-$85,000 zone, as per analyst Murphy. After removing Coinbase’s internal transfer spike (550,000 BTC), around 400,000 BTC of real turnover remains.
That amount points to whale‑level activity, showing that major players did step in at the lows even while prices dropped.
在CBD（成本基础分布）热力图上我们可以清楚的看到在什么时间什么价格区间有多少筹码发生了变化（增加/减少）。比如，当前筹码最密集的地方有2段，分别为$94,000-$98,000 和 $101,000-$118,000，这代表着BTC在反弹中会受到阻力的区间。… pic.twitter.com/bo6wF84Ip6
— Murphy (@Murphychen888) November 28, 2025
On the other hand, Matrixport stated that volatility has collapsed and sentiment is damaged, yet Bitcoin still trades below levels it has historically struggled to reclaim. The market structure is tightening as selling pressure fades, institutions accumulate slowly, and whales wait for a catalyst.
#MatrixOnTarget Report – November 28, 2025
Is Bitcoin’s Thanksgiving Tailwind Enough Into Christmas?#Matrixport #Bitcoin #BTC #CryptoMarkets#MarketSentiment #Volatility #OnchainData#FedWatch #Seasonality #ThanksgivingRally pic.twitter.com/CH39quX6Aa
— Matrixport Official (@Matrixport_EN) November 28, 2025
Until that catalyst arrives, the market remains in a quiet phase as BTC maintains prices above $90K support. As reported earlier, November could very well be Bitcoin’s third-worst month in the past five years.
Notably, the only two months that performed worse came after the 2021 market rally and the all-time high that same year.
While Bitcoin continues to find steady ground, Bitcoin Hyper (HYPER) is drawing investor attention with its presale. The project aims to address long-standing limits in Bitcoin’s base design. This includes slow transaction times, high costs, and the lack of native smart contract support.
To solve this, Bitcoin Hyper introduces a high-speed Layer 2 system that processes activity through an optimized virtual machine. Transactions move quickly and at lower cost before final settlement takes place on the Bitcoin chain. This gives users a faster experience without giving up network protection.
Bitcoin Hyper also expands its range of activity with tools like the Solana Virtual Machine. This allows developers to create applications with Rust-based kits and APIs.
Bitcoin Hyper’s native token, HYPER, covers gas fees and grants access to many platform functions. The token holders can earn awards by staking HYPER, which directly supports the ecosystem.
HYPER is currently priced at $0.013345 in its ongoing crypto presale. The team has already raised more than $28.64 million, and participants can buy directly through the project’s website.
Investors looking for early projects with strong upside may want to act, as the next HYPER token price increase could happen soon. Want to learn more? Read our Bitcoin Hyper price prediction.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
After spearheading Polygon’s transformative journey for six years, co-founder Jaynti Kanani recently announced his pivot from daily operations. But his dedication to Polygon remains unchanged, as he aims to contribute “from the sidelines,” charting fresh paths for himself.
The blockchain initiative christened initially as the Matic network in 2017, owes its inception to brilliant minds, including Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. Nailwal’s heartfelt response to Kanani’s decision underscores the depth of their shared journey.
Additionally, while Polygon’s website boasts ten co-founders, many continue to spearhead various platform-centric projects. Arjun’s recent exit, for instance, led to the birth of Avail, a groundbreaking blockchain data availability protocol.
Since June, Polygon Labs has embraced proposals, setting the stage for “Polygon 2.0”. This revamped ecosystem will incorporate zero-knowledge proofs and feature four primary protocol layers emphasizing staking, interop, execution, and proving.
Moreover, Polygon’s $1 billion investment in zero-knowledge technology exemplifies its unwavering commitment to supercharging Ethereum’s layer-2 solutions. Sandeep Nailwal, speaking at the Token2049 conference, elaborated on “Polygon 2.0” and the transformative potential of recursive ZK-proof technology in shaping a fluid, interoperable blockchain realm.
Nailwal, drawing parallels between Web2 and Web3, highlighted the latter’s potential as the “internet of value.” He spotlighted the necessity for an interoperable layer to achieve seamless value integration, fostering comprehensive ZK-proof amalgamation across diverse chains.
This strategy, he believes, will redefine cross-chain transaction dynamics, amalgamating them into a unified block space experience. With stalwarts like Kanani transitioning, Polygon’s commitment to innovation remains undeterred. The platform’s trajectory seems luminous, reflecting its intent to enhance the Ethereum ecosystem and foster a harmonized blockchain universe.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Following two years of crackdowns and sanctions, China appears ready to unlock private sector potential via tech IPO developments.
Alibaba Group Holding and JD.com are reportedly involved in developments that could revive the long-dormant tech IPO landscape in China. Both tech giants are setting plans to float initial public offerings in the East Asian nation. These developments, three expected 2023 monumental Chinese debuts, could prop up the country’s flailing tech industry and reshape Hong Kong’s stock market.
Alibaba’s logistics arm, Cainiao Network Technology, recently initiated talks with banks regarding a public offering. In addition, two JD subsidiaries also recently filed for first-time share sales on Thursday. According to inside sources, the three expected listings could generate around $5 billion, or 6.6 Singaporean dollars.
The China tech IPO developments stoke hopes that the prominent Asian economy seeks to unlock its private sector potential. Furthermore, the Chinese tech IPO revival also ends a drought following the suspension of Ant Group’s record IPO last year. Additionally, the welcome development is a full-circle moment for Beijing after it cracked down on internet tech giants in 2021. This crackdown included tight regulatory sanctions on companies such as Alibaba and Tencent, as well as stiff requirements for foreign listings.
Bloomberg Intelligence analyst Catherine discussed China’s openness to inducing tech public listings this year, saying:
“(It) indicates Beijing’s support for more buoyant capital market activities within China’s tech sector ahead. This should help lift overall market sentiment and anticipation for the listing of other mammoth companies within the sector.”
Several Chinese tech companies have resubmitted listing applications for Hong Kong in the past week. These include logistics giant Lalatech Holdings, fitness app Keep, as well as social media app Soulgate. Furthermore, even more prominent local tech players could follow suit sooner rather than later. Notable among these more significant tech IPO candidates are ride-hailing giant Didi Global, TikTok parent ByteDance, and social media platform Xiaohongshu.
The Chinese government seeks to create a delicate balance between potentially unlocking billions of dollars in value and diminishing tech influence to ‘safe’ levels. However, given past antecedents, numerous entrepreneurs and business executives remain wary of the government’s intentions. While there is much to look forward to, there is still no guarantee that the IPO move could spur businesses long-term-wise.
Regardless, Chinese firms have outperformed their US and European counterparts so far this year on equity financing. This performance is fueled by expectations that the nation’s post-Covid reopening is still in its ascent. Conversely, the rest of the world contends with a looming recession.
Alibaba’s IPO plans come amid the return of co-founder Jack Ma to China and the company’s recent business restructuring announcement. Earlier in the week, Alibaba announced its intent to split into six business groups, each capable of pursuing its own public listing. According to the Hangzhou-based company, the move will allow for swift and more streamlined capacity. Furthermore, each business unit, including Cloud Intelligence Group and Digital Media and Entertainment Group, would have its own strategic priority. Each outfit will also have its own dedicated chief executive officer and board of directors.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
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Litecoin price started a fresh decline from the $80 resistance against the US Dollar. LTC is struggling and remains at a risk of more losses towards the $55 support.
This past month, litecoin price saw a strong increase above the $70 level against the US Dollar. LTC price was able to clear the $80 resistance level, outperforming both bitcoin and ethereum.
However, the bears remained active near the $85 zone. There was a topping pattern formed near the $85 level before the price started a fresh decline. There was a clear move below the $80 and $78 support levels. Besides, there was a break below a key contracting triangle with support near $75.00 on the 4-hours chart of the LTC/USD pair.
Litecoin price is now trading below $70 and the 100 simple moving average (4-hours). A low is formed near $61.67 and the price is now consolidating losses.
On the upside, an immediate resistance is near the $66.00 level. It is near 23.6% Fib retracement level of the recent decline from the $79.80 swing high to $61.67 low. The first major resistance is near the $70.00 level.
Source: LTCUSD on TradingView.com
The 50% Fib retracement level of the recent decline from the $79.80 swing high to $61.67 low is also near $70. If there is a clear break above the $70 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $75 and $78 levels. Any more gains might send ltc price towards the $80 resistance zone.
If Litecoin price fails to clear the $70.00 resistance level, there could be more losses. An initial support on the downside is near the $61.60 level.
The first major support is forming near the $60.00 level. Any further losses may perhaps send the price towards the $55.00 support in the coming sessions.
Technical indicators:
4-hours MACD – The MACD is slowly gaining pace in the bearish zone.
4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is below the 50 level.
Major Support Levels – $60.00 followed by $55.00.
Major Resistance Levels – $70.00 and $75.00.
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