What’s new: Bitcoin has slipped under the $100,000 mark for the first time since June, as long-term holders appear to be selling rather than just short-term speculators. Estimated sell-off volume is ~$45 billion.
Why it matters: A downturn led by long-term holders (rather than just leverage unwinds) may signify waning confidence or strategic profit‐taking at scale. For traders and investors, this raises deeper structural risks than usual corrections.
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2) 
Bank of England to unveil stablecoin regime, twin-tier system ahead
What’s new: The Bank of England is preparing to publish a stablecoin regulatory consultation on 10 November. The framework will target “systemic” stablecoins for tougher rules while smaller ones remain under the Financial Conduct Authority (FCA) in a lighter regime.
Why it matters: With stablecoins playing bigger roles, this regulatory clarity matters for token issuers, payment platforms and institutional players. The dual-tier system may reshape which stablecoins dominate the payments/settlement layer.
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3) 
Senate Agriculture Committee aligns with White House on digital-asset market-structure bill
What’s new: U.S. Senate leaders are collaborating with the White House on a market-structure bill for digital assets, signalling progress toward clearer regulation despite government shutdown distractions.
Why it matters: Regulatory clarity is one of the largest missing pieces for institutional adoption. If this bill advances, it could unlock blocked flows and reduce structural uncertainty for exchanges, issuers and funds.
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4) 
Liquidity boost but market remains muted — funds flow elsewhere
What’s new: Despite global liquidity expanding and macro signals improving, crypto markets remain sluggish. According to Wintermute, capital is shifting into other sectors (AI, equities, prediction-markets) instead of crypto.
Why it matters: High liquidity alone isn’t enough—flows matter. If capital isn’t returning to crypto despite favourable macro, then price upside may be constrained. It suggests crypto is more dependent on fresh narratives or catalysts than pure liquidity.
