bitcoin

BnkToTheFuture co-founder and CEO Simon Dixon stated in a Bitcoin Magazine video interview that there are only three scenarios that would make him sell all his Bitcoin and buy gold: if Bitcoin can no longer be held in a self-custodial manner and generate returns, if peer-to-peer payments cannot be completed without a governmental intermediary, and if the fixed supply of 21 million coins is no longer credible. He mentioned that Bitcoin has performed well in these three aspects since 2011, and if any of them are called into question, he would sell immediately.Dixon believes that the real battleground is not whether Bitcoin can be adopted, as the trajectory of institutional adoption is unprecedented, but rather whether custodial institutions, Wall Street-controlled mining companies, and treasury companies will lead the network towards centralization. He pointed out that if everyone hands over their private keys to institutions like BlackRock, Bitcoin will fail.He also discussed the phenomenon of central banks continuously buying gold instead of Bitcoin and emphasized that holding private keys is a form of resistance; investors need to allocate assets outside of the traditional banking system.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin November Price Prediction" on Polymarket, the "Yes" option for the sub-market "72,500 USD" experienced a dramatic fluctuation in winning probability, soaring from 64% an hour ago to the current 87% (a fluctuation of 23%). Please note the impact of related breaking news.

Bitcoin News posted on platform X that the Brazilian exchange Mercado Bitcoin reopened read-only accounts a week after being attacked, resulting in an estimated loss of about 49 million dollars. Users can view their balances as of the day the attack occurred, but withdrawals are currently not possible, and the exchange has not announced a timeline for resuming withdrawals.Mercado Bitcoin stated that it has 4.8 million customers and will cover all losses with company funds, but has not explained how the attackers accessed its wallets. After withdrawals are resumed, they will only be processed through Pix, and users will need to reconfirm their information, with withdrawals only allowed to accounts under their own names.

The founder of Liebit Mining Pool, Jiang Zhuoer, posted on the X platform stating that BTC has fallen below the Fibonacci 50% retracement level of the previous upward trend ($72,600). The next level to watch is the 61.8% retracement level ($69,100), and it is necessary to observe whether BTC can rebound before falling to $70,000.In addition, he mentioned plans to look for opportunities to close the hedge short position established around $73,000 in BTC.

According to Unfolded, citing CFTC position report data, as of November 3, the net short position of leveraged funds in CME standard Bitcoin futures has decreased to 12,955 BTC, down 89% from the peak of 115,985 BTC on December 17, 2024, marking the lowest level since February 2023, indicating that hedge funds have significantly closed their Bitcoin basis trades.Unfolded stated that the arbitrage buying that previously boosted ETF inflows has essentially disappeared, and the capital flow into spot ETFs will more reflect genuine directional demand, with structural buying that can act as a buffer during price declines also decreasing.

Bitcoin News posted on the X platform that residents of Miami-Dade County can now pay property taxes online or offline using Bitcoin.Third-party payment service providers will automatically convert Bitcoin into US dollars before the funds enter the county government's account, so the county government will not hold Bitcoin; this payment method is optional.

According to Catcher Predict monitoring, in the event of "Bitcoin breaking through on November 12" in the Polymarket prediction market, the "yes" option for the sub-market "72,000" experienced a sharp fluctuation in winning probability, plummeting from 88.25% an hour ago to the current 73.25% (a fluctuation of 15%). Please note the impact of related breaking news.

In the past 90 days, BTC has risen by 16.6%, with only 31 cryptocurrencies outperforming Bitcoin.Among them, BTW has increased by 219%, QNT has risen by 184%, NIGHT has grown by 171%, and RAY has surged by 151%, making them some of the stronger-performing cryptocurrencies.

Bitcoin News posted on the X platform that Strive's Chief Investment Officer Ben Werkman believes that Bitcoin reserve companies should measure performance using a single metric, BTC Yield, which is the growth in the number of Bitcoins per share.He stated that if issuing additional shares to purchase Bitcoins increases the number of Bitcoins per share, existing holders will benefit; if it decreases, existing holders will effectively subsidize new shareholders.Strive claims its BTC Yield for the year is 63%, and last week it increased its holdings by purchasing 29 Bitcoins at a price of $75,721 each, costing $2.2 million, and currently holds 43,153 Bitcoins.

According to Glassnode data, as of November 9, the total supply of major stablecoins has decreased by approximately $14.2 billion over the past 30 days, marking the largest monthly decline since June 2022, surpassing the $9.5 billion drop that occurred when Bitcoin fell below $58,000 in July of this year. Glassnode indicates that the contraction in stablecoin supply means that holders are redeeming stablecoins for US dollars and withdrawing from the crypto market, leading to a reduction in liquidity available to drive market rallies.Among them, the largest stablecoin USDT is currently trading slightly below the $1 peg, which Glassnode attributes to investors continuously exiting the stablecoin market. CryptoQuant data shows that the demand for Bitcoin has decreased by 284,000 coins over 30 days, marking the largest decline since March 2025; the Coinbase Bitcoin premium index fell to -0.27% on October 29, the lowest level since November 2022, and as of Wednesday, it remains in negative territory, reflecting relatively weak demand and significant selling pressure in the U.S. market.

According to Catcher Predict monitoring, in the event of the "Bitcoin price prediction from November 9-15" on the Polymarket, the "Yes" option in the sub-market "below $72,000" experienced a sharp fluctuation in winning probability, soaring from 49% an hour ago to the current 67.5% (a fluctuation of 18.5%). Please note the impact of related breaking news.

On November 5, 2026, Michael Saylor, the founder of Strategy, connected remotely to the Oranje Summit 2026 held in São Paulo, Brazil. He stated that cutting-edge AI models would enhance the attack capabilities of hackers, and complex software used for transferring funds, such as exchanges and wallets, is particularly vulnerable to attacks. He believes that the design of the Bitcoin network can withstand AI threats, and that Satoshi Nakamoto's decision to limit underlying functions was wise, as complex software would expand the attack surface. He also mentioned that Bitcoin, supported by its strong computing power and security, would prevail in the competition for the global digital capital standard.

According to CoinPost, Super League Enterprise, which is about to be acquired by Metaplanet, disclosed on November 9 that it has purchased an additional 16 bitcoins.

A hacker publicly sold suspected personal information of TSMC employees on an underground forum, claiming to possess up to 46,000 records with a data volume of 6.9GB, and is asking for 3 bitcoins. The hacker even threatened to fully disclose the related information if no one purchases it within a week.In response, TSMC confirmed that some personal information of current and former employees was disclosed without authorization. Preliminary investigations indicate that this information matches data from a certain cloud service provider's system, but there is currently no evidence that TSMC's own data systems have been breached. TSMC emphasized that the related information is unrelated to the company's production and customer data. The company has been notifying affected individuals and providing necessary assistance, while closely cooperating with the relevant cloud service provider, investigative agencies, and third-party cybersecurity organizations to expedite the clarification of the incident's cause and take necessary measures.

Bitcoin mining machine manufacturer Canaan has launched a $20 million stock repurchase plan, which is part of the $100 million repurchase authorization approved by the board on November 6, with a duration of 12 months. Management stated that they will actively promote the repurchase once the funds are in place and may adjust the purchase arrangements based on operational and financing needs. As of Wednesday's close, Canaan's stock price has fallen about 75% this year. CEO Zhang Nengeng stated that while maintaining a long-term digital asset reserve, the company is selectively liquidating cryptocurrency holdings to fund the stock repurchase.Canaan's revenue from mining machines in the third quarter was $4.8 million, a 96% decrease from $118.6 million in the same period last year, which the company attributed to weakened demand and declining prices. During the same period, self-mining revenue was $9.5 million, nearly double that of mining machine revenue. The company recorded a profit of $8 million for the quarter, but an operating loss of $42.9 million, with profits mainly coming from the revaluation gains of cryptocurrencies and financial derivatives. Previous disclosures indicated that the company had sold 3,952 ETH and 54.5 BTC for approximately $13.9 million and used $5.4 million in late August to repurchase 13.6 million American depositary shares.As of September 30, Canaan held 1,875.5 BTC, of which 1,258 BTC were pledged for loans, 100 BTC were placed in fixed-term products, and the remaining 517.5 BTC were directly recorded as cryptocurrency assets, valued at $43.7 million at the end of the quarter. The company's total cash and restricted cash amounted to $72.8 million, of which $50 million was used to support letters of credit for infrastructure commitments, leaving approximately $22.8 million outside the restricted balance. Management stated that the current stock price does not adequately reflect the company's business and growth prospects.

CryptoQuant analyst Darkfost stated that within less than a month, the open interest of BTC on the Binance platform has decreased from 10.6 billion dollars to 8.8 billion dollars, a drop of 17%. Meanwhile, its 180-day moving average has risen from 8.4 billion dollars to 8.6 billion dollars. As the open interest falls below the moving average, new signals of deleveraging are emerging in the market. In a bull market phase, this signal typically appears when market corrections are nearing their end, reflecting that traders are reducing their leveraged exposure, which includes both voluntary liquidations and forced liquidations due to insufficient margin.Aside from the fact that this process may last for months in a bear market, a similar signal last appeared in June of this year when the BTC price was below 60,000 dollars, subsequently rebounding to above 87,000 dollars, with an increase of over 45%. Currently, as the open interest declines, the market is also experiencing large-scale liquidations. Low volatility seems to encourage some traders to take on higher risks to compensate for the insufficient returns brought about by the narrowing price fluctuations, making them more susceptible to market reversal shocks. Over the past three months, the monthly liquidation scale on Binance has reached new highs since 2021: over 1.4 billion dollars in August, 1.1 billion dollars in September, and 1.3 billion dollars in October. This trend appears to continue into November, with the liquidation scale exceeding 520 million dollars before the end of the first half of this month.These data highlight the potential losses that leveraged trading can bring to investors. In a market environment with low volatility and shrinking trading volume, blindly increasing risk exposure due to a lack of patience can quickly lead to heavy costs. However, the deleveraging phase also helps improve the market environment. Reducing leveraged positions can lower the risk of cascading liquidations, allowing spot demand to play a greater role in market pricing, thereby helping Bitcoin establish a more robust market structure.

According to RootData, yesterday (Eastern Time November 11), the total net outflow of Bitcoin spot ETFs was $300 million.The Bitcoin spot ETF with the highest single-day net outflow that day was BlackRock ETF IBIT, with a net outflow of $270 million. As of that trading day, IBIT had a historical cumulative net inflow of $64.57 billion.Next was Grayscale ETF GBTC, with a single-day net outflow of $39.1 million.

Arkham added 40 VBTC-related addresses to the VanEck entity label, stating that it holds 6,864.99 BTC, worth approximately 507 million dollars.

On November 11, the Selangor police in Malaysia publicly destroyed 186 seized Bitcoin mining machines, with the state police chief, Shafie, personally driving a bulldozer to crush the equipment. This destruction operation involved 7,445 pieces of evidence seized between 2021 and 2026, with a total value of approximately 1.19 million Malaysian Ringgit, which has been approved by the court.In addition, the Perak police recently collaborated with the national energy company to raid a residential house suspected of stealing electricity for mining, seizing another 48 Bitcoin mining machines. An investigation is currently underway based on relevant criminal and electricity regulations.