The Basis (the difference between the futures price and the spot price) has fallen below zero, which means there is no Premium right now. On the contrary, traders are selling futures contracts at a discount, which happens during times of fear and low risk appetite.
The return of positive momentum will be seen when the Basis rises again above 0% – 0.5%.
A moment ago: Michael Saylor, CEO of MicroStrategy: Michael Saylor talks about the current price drop of #Bitcoin to around $94,632. He emphasizes the company's continued purchase of Bitcoin despite the drop. The average previous purchase price of Bitcoin was $74,000. He sees Bitcoin as a good investment always, recommending a long-term horizon (four years or more). He mentions digital credit tools as an alternative for investors looking for short-term returns $BTC . He concludes by affirming his confidence in the future of Bitcoin and the continuity of purchases.
With Bitcoin losing its last strong support at the level of 102,500, I have decided to exit the market currently to reduce risks. This is my personal decision based on the current data, and each person remains responsible for their investment decision and risk management. The market always provides opportunities; the most important thing is to preserve capital.$BTC
💵 Quick Analysis of Stablecoin Flows: The chart shows that the balance of stablecoins on exchanges has reached a peak of ~88B$. This means that liquidity is available but has not yet entered the market. What is happening now is only a speculative rise. The whales have not started accumulating because the Balance is still at the top. The real rise will not begin until this indicator starts to decline and liquidity exits from stablecoins to other currencies. The market is waiting… and when stablecoins on exchanges decrease without exiting, we will begin a respectable upward wave.
One of the negative news spreading now is the liquidity that is leaving ETF funds! Indeed, in the last 30 days, there has been a sell-off from these funds, but it is not the end of the world. The funds still hold more than 158.5 billion dollars of Bitcoin and Ethereum. There were months this year when the sell-off from the funds was greater than the current time, and we saw new peaks afterwards. In short, liquidity can return at any moment.
The currencies that smart wallets are collecting: Notice the increase in the accumulation rate of currency $HYPE on the daily, weekly, and monthly charts. They accumulated only 12.68 million dollars from the currency in the last month.
The decline of the index measuring the trading volume between the spot market and futures means that a large portion of leverage has been liquidated, and the movement now is driven by actual buying and ETF funds rather than futures contracts.
🟢As long as the spread is close to zero, the situation is normal and healthy.
🔴However, if the 7-day average stabilizes below 0% with a price drop, this indicates a strong bearish sentiment and potential selling pressure in the futures market.
#توجه_السوق_اليوم The most important thing is for Bitcoin to maintain support at 102 thousand dollars and not to close daily with momentum below this level.
After that, we target levels of 112 thousand dollars.
The data shows that there are more than 80 billion dollars in stablecoins on centralized platforms, the market is still in a waiting phase, but the indicators remain positive in the short term. There is a large liquidity of stablecoins within the platforms, which means a clear readiness to buy at the first sign of an upward trend. The movement of Bitcoin will remain the main factor in confirming the upcoming direction and the movement of other currencies, and as soon as it breaks the recent resistances, we will see a quick reaction from the rest of the market. We are only waiting for a boost of positive economic news to restore confidence and launch the next wave of increases. In short: the market is calm, liquidity is ready, and my outlook remains positive as long as Bitcoin maintains its current support levels.
Privacy Coins saw a significant increase in November 2025, with the market value of the sector jumping by up to 80% during certain periods, reaching around $24-25 billion. The most notable beneficiaries were: Zcash ($ZEC ) which recorded its highest levels in 7 years, Dash ($DASH ) in 3 years, along with Monero ($XMR), Horizen ($ZEN ), and Decred ($DCR).
Positive closing for Bitcoin above the support level of $102,000, and maintaining this level keeps the next target at $112,400, which is the Short-Term Holder Realized Price.
$BTC How to monitor whale movements using On-Chain data
Whales have a significant impact on price movements as they hold a large amount of BTCs . Therefore, it is advisable to monitor them daily using the BTC Whale Ratio metric on CryptoCount.
To make it easier for you, I have designed a user-friendly indicator that tracks whale movements on both spot and derivative exchanges.
Indicator Reading:
Green metric : Measures whale movements on derivative exchanges. I have set a threshold at 0.66. When the indicator reaches this level, significant market movements, either upward or downward, may occur.
Red Indicator: Measures whale movements on spot exchanges. I have set a threshold at 0.72. When the indicator reaches this level, there may be selling pressure in the near term.
The indicator updates daily with the closing price.