According to @glassnode, off-chain signals in the cryptocurrency market are stabilizing, but overall conviction remains low. Spot and ETF indicators are showing a rise from previously weak levels, while futures and options positions remain defensive. This suggests cautious participation and a muted risk appetite among traders.

According to @BullTheoryio, Bitcoin BTC plunged about $1,900 in roughly 25 minutes, liquidating around $70 million in longs, then rebounded about $1,200 in roughly 10 minutes, liquidating about $15 million in shorts, with no major news catalyst identified. According to @BullTheoryio, this two-sided liquidation sequence signals heightened short-term volatility and liquidity grabs that can punish high leverage futures positions and increase slippage near recent swing levels. Based on @BullTheoryio’s data, traders may consider tighter risk controls, reduced leverage, and patience around key liquidity zones until volatility normalizes.

According to glassnode, off-chain signals are weakening as spot indicators have slipped to low conviction and futures and options conditions are declining, indicating fading participation and a more defensive risk stance. According to glassnode, ETF indicators are rising but remain low, signaling only tentative institutional support despite broader softening.

According to @StockMKTNewz, silver fell 31% in its sharpest single-day drop since March 1980, while gold declined 11% in its worst single-day move since January 1980. According to @StockMKTNewz, these represent the steepest daily losses in decades for both metals.

According to @w_thejazz, silver saw a reported 32% intraday drop, the largest since 1980, while Shanghai spot traded near 122 versus roughly 85 in US markets, implying a 44% premium and a major cross market dislocation (source: @w_thejazz citing BullTheoryio). The post alleges heavy COMEX paper selling and an extreme paper to metal imbalance, highlighting elevated basis risk for XAGUSD and the need for traders to track futures spreads, deliverability, and liquidity conditions across COMEX and Shanghai (source: @w_thejazz).

According to @w_thejazz, citing @WallStreetMav, COMEX paper silver is around 84 dollars per ounce while Shanghai pricing is near 122 dollars per ounce, with a smaller decline in China; Source: https://twitter.com/w_thejazz/status/2017397694118215802; https://x.com/WallStreetMav/status/2017323020377801174. This highlights a wide cross market price spread between Western paper contracts and Chinese pricing that traders can monitor for basis risk and execution slippage; Source: https://twitter.com/w_thejazz/status/2017397694118215802; https://x.com/WallStreetMav/status/2017323020377801174. The posts characterize the move as wild, underscoring unusual dispersion that could affect hedging alignment across venues; Source: https://twitter.com/w_thejazz/status/2017397694118215802; https://x.com/WallStreetMav/status/2017323020377801174.

According to @GreeksLive, futures pricing assigns over a 95% probability that the Federal Reserve will maintain the policy rate at 3.75% with no cut. According to @GreeksLive, gold has posted new highs again and leadership is rotating among major speculative markets ahead of the announcement.

According to @glassnode, off-chain signals are weakening as spot and futures indicators decline, indicating softer participation and rising sell-side pressure (source: @glassnode). @glassnode also notes increasing options hedging demand and low-conviction ETF indicators, reflecting cooling institutional support (source: @glassnode).

According to @KobeissiLetter, Bitcoin fell below $87,000 as roughly $170 million in leveraged long positions were liquidated within 60 minutes, with total liquidations over the last four hours reaching about $320 million, based on their report on X.

According to @glassnode, off-chain crypto market signals were mixed this week, with spot and ETF indicators improving. According to @glassnode, futures and options weakened as leverage and hedging demand declined. According to @glassnode, strength currently sits in spot and ETF, while derivatives continue to soften.

According to @AltcoinDaily, the account asked traders what they would do if Bitcoin fell to $45,000 tomorrow, framing it as a hypothetical scenario rather than a confirmed forecast (source: @AltcoinDaily on X, Dec 1, 2025). Practical responses in such BTC $45k scenario planning typically include placing pre-set limit bids, defining stop-loss orders, and using hedges via futures or options so execution is rules-based instead of emotional (source: Binance Academy, Risk Management Basics; source: Deribit Insights, Options Hedging Guides). Traders should wait for price confirmation and size positions within fixed risk-per-trade limits rather than trading the prompt itself (source: CME Group, Risk Management Guidelines).

According to Michaël van de Poppe, BTC is moving to attack the CME futures gap near $91,600 (source: Michaël van de Poppe on X, Nov 17, 2025). He adds that another test of the recent lows is likely the next step, highlighting $91,600 and the prior lows as key near-term trading levels to watch (source: Michaël van de Poppe on X, Nov 17, 2025).

According to the source, a whale-sized Bitcoin (BTC) short position of approximately $90 million notional is currently showing a profit and loss of $8.8 million. The source reports this as an update but does not specify the exchange, entry price, or timeframe, limiting visibility into liquidation levels and basis risk. Based on the source-reported PnL on a short, BTC moved lower during the trade window, which is trading-relevant for derivatives participants tracking large positions.

According to the source, 24-hour crypto derivatives liquidations totaled about $405 million, with $229.58 million from shorts and $176.10 million from longs. Source: the provided update. Based on the source data, shorts comprised roughly 56.7% of liquidations, implying a short-to-long liquidation ratio near 1.30 and a net short liquidation imbalance of about $53.48 million. Source: the provided update. This distribution indicates more forced exits on the short side during the measured window, a trading-relevant skew for managing intraday risk and order placement around liquidity pockets. Source: the provided update.

According to the source, a post on X dated Sep 19, 2025 reports that an ETH whale opened a 25x leveraged long totaling 21,966 ETH with a notional value of about $99.5M (source: X post, Sep 19, 2025). Based on those figures, the implied initial margin is approximately $3.98M, calculated as $99.5M divided by 25 (source: X post, Sep 19, 2025; calculation by the reporter). The post also claims the trader’s historical win rate is 81% (source: X post, Sep 19, 2025).

According to @glassnode, Bitcoin is consolidating in the USD 104k-116k air gap after significant absorption by investors. According to @glassnode, futures and ETF flows are showing cooling demand. According to @glassnode, strength above 116k could revive the uptrend, while a breakdown risks a move toward 93k-95k.

According to @EmberCN, during the rapid drop the trader closed 2,000 ETH just above a $4,668 liquidation price, lowering the liquidation threshold by $10 to $4,658. Source: @EmberCN. The position was opened with $740,000 in margin, still holds 23,100 ETH, has an estimated notional value of about $108 million, and shows $2.63 million in unrealized profit. Source: @EmberCN. Based on these figures, the implied notional-to-margin ratio is approximately 146:1, and the cited liquidation reference levels for this position are $4,668 and $4,658. Source: @EmberCN.

According to @OnchainLens, James Wynn's (@JamesWynnReal) 10x leveraged long position on DOGE was partially liquidated amid market fluctuations (source: @OnchainLens on X). According to @OnchainLens, the report specifically notes a partial liquidation on a DOGE long using 10x leverage (source: @OnchainLens on X).

According to @EmberCN, as ETH fell toward the trader’s liquidation level, the account offloaded 10,745 ETH in the last 30 minutes, trimming the long from 76,700 ETH to 66,000 ETH and effectively closing the size added earlier today (source: @EmberCN). On Aug 14, with ETH hitting $4,788, the position’s unrealized profit peaked near $43 million, now down to $8.58 million after the reduction; the cut equals roughly 14% of the prior size based on the figures shared (source: @EmberCN). The post also notes the account remains 14x long with the liquidation level near current price (source: @EmberCN).

According to @rovercrc, a crypto whale opened high-leverage long positions of 22,500 ETH at 25x and 150 BTC at 40x, with the post citing roughly 100 million dollars in ETH and 17.5 million dollars in BTC notional size on Aug 15, 2025 (source: @rovercrc). High leverage reduces margin buffers and raises liquidation risk during intraday swings in derivatives markets, which can amplify short-term volatility for BTC and ETH futures (source: Binance Futures education). Traders tracking this flow can monitor funding rates and open interest to assess positioning pressure on leveraged longs in BTC and ETH perpetual swaps (source: Binance Futures metrics glossary).