FameEX Morning Crypto News Recap | November 5, 2025
2025-11-05 05:04:24Crypto Market Plunges 3.9% to $3.53 Trillion in 24 Hours
Nov 4 Coingecko: Crypto market cap falls to $3.53T, down 3.9% in 24h; trading volume reaches $230.27B.
400,000 BTC Dumped by Long-Term Holders in a Month—2% of Total
Analyst Quinten reports that despite long-term holders selling 400,000 BTC, Bitcoin's price held above $100,000. He views this resilience as a strongly bullish signal, suggesting the absorbed selling pressure sets the stage for a significant surge once market demand increases.
Analysts: Watch Bitcoin’s 21-Week MA for Volatility Manage
Independent analyst Markus Thielen’s new report highlights the 21-week moving average as a critical benchmark for Bitcoin investors, offering stable guidance through various market cycles. Despite potential short-term price pullbacks, this does not indicate the bull market’s conclusion, maintaining long-term upward potential.
Bitcoin’s Next Floor at $99K – Glassnode Analysis
Glassnode: Bitcoin’s next key support at ~$99,000, historically strong multiple times.
Bitcoin Perpetual Longs See 62% Funding Fee Decline
Glassnode reported on X that funding fees paid by Bitcoin perpetual long positions have declined approximately 62%, falling from $338 million per month in mid-August to $127 million currently. This sharp reduction underscores a broader macro downtrend in speculative demand, with traders showing increasing reluctance to pay interest to sustain long positions amid cooling market sentiment.
StanChart Plans Bitcoin & Ethereum Custody Services in HK 2026
Standard Chartered’s Hong Kong & Greater China CEO Mary Huen welcomed the HKMA’s “Fintech 2030” initiative. The bank plans to launch regulated, institutional-grade custody services for Bitcoin and Ethereum in Hong Kong starting January 2026.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.