FameEX Morning Crypto News Recap | November 5, 2025

Crypto Market Cap Dips to $3.53T, Down 3.9% in 24 Hours

November 4 Coingecko data: Crypto market cap drops to $3.53T, down 3.9% in 24h; trading volume hits $230.27B.

Long-Term Holders Sell 400K BTC in 30 Days, Nearly 2% of Supply

Analyst Quinten reports that long-term Bitcoin investors sold 400,000 BTC recently, creating substantial selling pressure. Remarkably, Bitcoin's price held above $100,000, demonstrating market resilience. He interprets this as a bullish signal, suggesting that the absorption of this sell-off sets the stage for a significant price surge when real demand accelerates.

Analysts Urge Focus on 21-Week MA Amid Bitcoin Volatility

Independent analyst Markus Thielen’s latest report emphasizes Bitcoin’s 21-week moving average as a crucial investment reference, demonstrating consistent reliability across multiple market cycles. While short-term pullbacks remain possible, they do not signal the end of the ongoing bull market.

Glassnode: Bitcoin’s Next Support at ~$99,000

Glassnode tweeted: Bitcoin’s next major support level is around $99,000, historically acting as strong support multiple times.

Bitcoin Perp Long Funding Fees Drop 62%

Glassnode reported on X that funding fees for Bitcoin perpetual long positions fell ~62%, from $338M/month in mid-August to $127M now. This reflects a macro decline in speculative demand, with traders increasingly reluctant to pay premiums to hold long positions.

Standard Chartered to Launch BTC, ETH Custody in Hong Kong Next Year

Standard Chartered’s Hong Kong & Greater China CEO Mary Huen welcomed the Hong Kong Monetary Authority’s “Fintech 2030” announcement. The bank plans to launch institutional-grade digital asset 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.