BizwavemediaPersonal Finance and Crypto Updates

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Bitcoin profits are declining while altcoin profits stabilize during a deep capitulation phase, creating an unusual divergence between the two market segments, according to Glassnode.

The current market environment reflects continued pressure across crypto assets, with both Bitcoin and altcoins showing signs of capitulation rather than growth. However, the stabilization in altcoin profits contrasts with Bitcoin’s ongoing decline.

Social media discussions highlight that most altcoins are underperforming, with only a small portion generating profits for investors. This underperformance has contributed to the stagnation in altcoin profits relative to Bitcoin’s recent trajectory.

The divergence marks a shift from typical market patterns where Bitcoin and altcoins often move in similar directions during major market phases.

The Czech National Bank, the national monetary authority of the Czech Republic, acquired $1 million in digital assets, including Bitcoin, a USD stablecoin, and a tokenised deposit, as part of a test portfolio held outside of its international reserves.

The acquisition positions the institution as a pioneer in central-bank digital asset experimentation. The Czech National Bank frames the purchase as a testing initiative designed to evaluate the operational, technical, and regulatory processes associated with digital assets.

The CNB stressed that it does not plan to include Bitcoin or other digital assets in its official reserves for now, but sees value in preparing for a future in which tokenised assets, new payment methods, and blockchain-based financial instruments become more common. Findings from the project will be shared publicly over the next two to three years.

Harvard Management Company, which manages Harvard University’s endowment, boosted its BlackRock Bitcoin ETF holdings to $442.8 million in Q3 2025, marking a 257% expansion in its crypto exposure, according to a new SEC filing.

The prestigious institution’s Bitcoin ETF increase demonstrates growing institutional confidence in Bitcoin as a portfolio asset.

The university’s substantial investment reflects broader adoption trends among major financial institutions, which have been increasingly incorporating Bitcoin ETFs into traditional investment portfolios since the products became available in early 2024.

The filing also disclosed 661,391 shares of the GLD gold ETF worth $235 million, up 99% from the 333,000 shares reported in June.

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Crypto markets saw a sharp liquidation wave today, with roughly $300 million in long positions wiped out in the past hour as Bitcoin dropped to $97,000, triggering selling pressure across digital assets.

Long positions, leveraged bets on rising prices in crypto trading, became vulnerable during the rapid market downturn. Forced closures occurred across major exchanges as traders’ overleveraged positions hit liquidation thresholds.

Recent Bitcoin price drops below key technical levels have amplified similar liquidation events in 2024. Real-time liquidation heatmaps show widespread forced exits across platforms during the selloff.

Over the past 24 hours, liquidations have hit 235,644 traders and amounted to $1 billion. HTX saw the largest individual liquidation on its BTC-USDT market, worth over $44 million.

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Bybit released a new Crypto Derivatives Analytics Report in collaboration with Block Scholes this week, showing that bearish positioning remains dominant across crypto markets even after the end of the longest US government shutdown in history.

Equity markets initially surged on Wednesday following President Trump’s signing of legislation to reopen the government. The Dow hit a record high and other indices moved near all-time peaks. However, those gains quickly faded. By Friday, stocks had retraced most of the move and settled into a weak uptrend with little follow-through.

That shift in sentiment rippled into crypto. Bitcoin fell below the $100,000 mark and continued declining into Friday, now trading near $96,000. The move confirmed a breakdown below a key psychological level and added to pressure across digital assets.

Bybit’s report notes that attempts to regain ground lost during the October and November sell-offs have been repeatedly rejected. Even BTC’s short-lived bounce to $107,500 following Senate developments on Nov 10 was quickly sold off, and volatility remains elevated.

Implied volatility continues to price in downside risk, with volatility smiles skewed toward puts. Options markets reflect bearish short-term sentiment, while perpetual swap funding rates remain mixed for majors but bearish for altcoins.

Open interest in large-cap perpetuals is still down nearly 50% from early October. That decline began after BTC’s sharp reversal from its all-time high, triggering a wave of liquidations. Since then, traders have been hesitant to rebuild long positions, and the most recent price drop didn’t trigger a major liquidation event—a sign of lower leverage in the system.

BlackRock, the world’s largest asset manager, deposited 2,310 Bitcoin worth $222 million and 43,240 Ethereum worth around $137 million into Coinbase today. The transfer represents the latest institutional movement involving the two leading crypto assets amid ongoing ETF activity.

BlackRock’s recent Bitcoin and Ethereum deposits to Coinbase have sparked speculation about potential selling pressure following ETF outflows.

Roughly $867 million exited US-listed spot Bitcoin ETFs yesterday, alongside $260 million withdrawn from Ethereum ETFs. BlackRock’s IBIT saw the largest daily outflow among crypto ETPs.

Canary Capital clients purchased $245 million worth of XRP through the firm’s newly launched spot XRP ETF on its first day of trading. The fund is the first US spot XRP ETF, giving investors direct exposure to XRP through a traditional, regulated investment vehicle.

Canary Capital’s spot XRP ETF debuted on Nasdaq under the ticker XRPC, enabling mainstream investors to access XRP through traditional brokerage accounts. The ETF structure requires custodians to hold physical XRP to back shares, creating institutional demand for the underlying asset.

The XRPC fund currently manages nearly 109 million XRP valued at over $250 million, according to its holding disclosure.