Crypto Market Weekly Analysis: BTC and ETH Trading Insights from November 24-30, 2025

The cryptocurrency market experienced a notable weakening during the week of November 24 to 30, 2025, with major assets like Bitcoin (BTC) and Ethereum (ETH) facing downward pressure. According to Lookonchain's weekly report, trading activity cooled significantly across both spot and perpetual markets, reflecting a broader sentiment of caution among traders. Despite this decline, positive indicators emerged, such as a $3.26 billion increase in the total stablecoin market capitalization, signaling steady inflows that could provide liquidity support for future rallies. This stablecoin growth is particularly relevant for traders monitoring entry points, as it often correlates with increased buying power in volatile periods. Public companies also demonstrated confidence by accumulating 734.41 BTC, valued at approximately $62.2 million, which highlights institutional interest persisting amid the dip. For BTC traders, this accumulation could act as a support mechanism, potentially stabilizing prices around key levels like $80,000 if selling pressure eases.

Institutional and whale activities provided key trading signals during this period. Notably, Tom Lee's Bitmine, associated with Fundstrat, acquired 96,798 ETH worth $273 million, boosting its total holdings to 3,726,499 ETH valued at $11.52 billion. This massive ETH accumulation suggests strong conviction in Ethereum's long-term potential, especially with ongoing developments in layer-2 solutions and staking yields. Traders focusing on ETH pairs, such as ETH/USDT or ETH/BTC, might view this as a bullish catalyst, potentially driving prices toward resistance levels around $3,000 to $3,200 based on historical patterns from similar inflows. Additionally, Arthur Hayes made strategic purchases, including 4.89 million ENA tokens for $1.37 million, 436,000 PENDLE for $1.13 million, and 696,000 ETHFI for $543,000. These moves into DeFi-related tokens like ENA, PENDLE, and ETHFI indicate targeted bets on yield-generating protocols, which could influence trading volumes on decentralized exchanges (DEXs). For instance, ENA's trading pair on platforms like Uniswap saw increased liquidity, with potential for short-term volatility plays if volumes spike above average daily figures.

Trading Volume Trends and On-Chain Metrics

Spot and perpetual trading volumes on DEXs trended lower, aligning with the overall market cooldown, but protocol revenues remained resilient, underscoring the underlying strength of blockchain ecosystems. An interesting counterpoint was the sale of 20,000 ETH worth $58.14 million by an Ethereum ICO participant, which added selling pressure and contributed to ETH's weekly decline. On-chain metrics from this period show a mixed picture: while BTC transfers to exchanges decreased, suggesting reduced selling intent, ETH's network activity, including gas fees and transaction counts, indicated sustained usage despite price drops. Traders should monitor support levels for BTC around $82,000, where previous accumulations by public companies have historically provided bounces. For cross-market correlations, this week's data ties into stock market movements, as institutional flows into crypto often mirror tech stock rallies; for example, if Nasdaq indices recover, BTC could see sympathetic gains, offering arbitrage opportunities in BTC/USD pairs.

From a trading perspective, the week's events highlight opportunities in accumulation strategies. With stablecoin market cap expanding, traders might consider dollar-cost averaging into BTC and ETH during dips, targeting long positions if prices hold above 50-day moving averages. Resistance for BTC stands at $85,000, supported by the 734.41 BTC institutional buys, while ETH could test $3,500 if whale accumulations continue. Market sentiment remains cautiously optimistic, with institutional steadfastness countering retail pullbacks. Broader implications include potential impacts on AI tokens, as Ethereum's ecosystem supports AI-driven DeFi projects; Hayes' buys in ETHFI and PENDLE could signal growing interest in AI-integrated yields. Overall, this report underscores the importance of tracking on-chain whale movements for timely entries, with trading volumes likely to rebound if stablecoin inflows translate to spot buys in the coming weeks.

In summary, despite the market's weakening, the steady institutional accumulation and stablecoin growth provide a foundation for potential recoveries. Traders are advised to watch key indicators like trading volumes on major pairs (e.g., BTC/USDT at 24-hour volumes exceeding $10 billion) and on-chain metrics for ETH, where staking rewards continue to attract long-term holders. This week's data, timestamped from November 24 to 30, 2025, positions BTC and ETH for volatility trading, with risks from further ICO sales but opportunities from corporate buys. By integrating these insights, investors can navigate the crypto landscape with informed strategies, focusing on support levels and accumulation trends for optimal positioning.