Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Asia Morning Briefing: Market Turn
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Asia Morning Briefing: Market Turn
Asia Morning Briefing: Market Turns Defensive as Bitcoin Loses Its Bid
Asia Morning Briefing: Market Turns Defensive as Bitcoin Loses Its Bid
With CryptoQuant flagging an exhausted demand wave and Polymarket traders clustering around an 85,000 retest, the market is trading without the catalysts that drove last year’s gains.
By Sam Reynolds
Nov 20, 2025, 2:15 a.m.
What to know:
- Bitcoin's market structure is weakening as demand diminishes, with rallies likely stalling below the 365-day moving average.
- Short-term Bitcoin holders are realizing losses rapidly, and derivatives markets are in risk-off mode, signaling potential bearish momentum.
- Bitcoin is trading around $92,000, while Ether is at $3,038, both reflecting a broader defensive market tone.
Good Morning, Asia. Here's what's making news in the markets:
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.
Bitcoin is slipping into a weaker market structure as the steady bid that supported prices earlier in the year gives way to diminished demand and defensive positioning.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
In a recent note, CryptoQuant wrote that the cycle’s core demand wave has already passed, with ETF accumulation slowing, Treasury-company buying evaporating, and Strategy’s purchases falling to their lowest levels of the year.
This does not imply an imminent collapse, CryptoQuant argues, but it does mean upside is increasingly limited, with rallies likely to stall below the 365-day moving average until a new demand wave emerges.
Polymarket traders are positioning around that weakness, assigning the highest probability to a move toward 85,000 and giving almost no weight to upside scenarios.
Glassnode adds that short-term holders are realizing losses at their fastest pace since the FTX period, ETF flows remain negative, and derivatives markets have shifted into full risk-off mode, with options traders loading up on puts and implied volatility climbing.
Against that backdrop, Glassnode points to the Active Investor cost basis near $88,600 as the market’s next critical test.
A sustained move below this level would put recent active investors into losses for the first time this cycle and signal that bearish momentum is taking control. The next support sits at the True Market Mean around $82,000, which Glassnode describes as the point where a mild bearish phase could give way to a bear market structure similar to 2022 and 2023.
The coming weeks will show whether buyers can reassert themselves or whether support gives way and the downturn becomes more entrenched.
Market Movement
BTC: Bitcoin is trading around $92,000 after briefly slipping under $90,000 earlier in the week, leaving the market on edge as it searches for support.
ETH: Ether is trading around $3,038, slipping modestly on the day as it continues to track Bitcoin’s broader defensive tone.
Gold: Gold is trading near $4,067 after touching an intraday high of $4,132, as risk aversion sweeps through the markets.
Nikkei 225: Asia-Pacific markets rose Thursday as a strong Nvidia earnings report boosted chip stocks, lifting the Nikkei 225 by 3.7%
Elsewhere in Crypto:
- Samourai Wallet Co-Founder Bill Hill Sentenced to 4 Years in Prison for Unlicensed Money Transmitting (CoinDesk)
- New Hampshire Unveils $100 Million Bitcoin Collateralized Municipal Bond (Decrypt)
- Bullish Swings to Profit in Third Quarter After Adding Options, U.S. Spot Trading (CoinDesk)
btcETHbear
Más para ti
Protocol Research: GoPlus Security
Commissioned byGoPlus
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
Más para ti
Nvidia Earnings Beat, Strong Outlook Calm Jittery Markets; Bitcoin Re-Takes $90K
"Blackwell sales are off the charts, and cloud GPUs are sold out," said Nvidia CEO Jensen Huang.
Lo que debes saber:
- Nvidia posted strong third quarter earnings alongside better than expected fourth quarter guidance.
- For the moment, the news has calmed jittery markets, with bitcoin climbing back over $90,000 from the day's low near $88,000.
- AI-linked crypto tokens surged as Nvidia reinforced its role at the core of the artificial intelligence boom.
Leer la noticia completa
Latest Crypto News
Stablecoin Spending Goes Mainstream With Opera MiniPay’s LatAm Integration
Samourai Wallet Co-Founder Bill Hill Sentenced to 4 Years in Prison for Unlicensed Money Transmitting
Nvidia Earnings Beat, Strong Outlook Calm Jittery Markets; Bitcoin Re-Takes $90K
DeFi Giant Spark Shelves Crypto App Plans to Focus on Institutional Infrastructure
Trump's Pick to Run CFTC, Selig, Tells Senators Crypto a 'Critical Mission' at Agency
Fed Rate Cut Odds Plunge Further on Jobs Data Delays
Top Stories
Nvidia Earnings Beat, Strong Outlook Calm Jittery Markets; Bitcoin Re-Takes $90K
Fed Rate Cut Odds Plunge Further on Jobs Data Delays
DeFi Giant Spark Shelves Crypto App Plans to Focus on Institutional Infrastructure
Trump's Pick to Run CFTC, Selig, Tells Senators Crypto a 'Critical Mission' at Agency
Crypto Leverage Hits Record High in Q3 as DeFi Dominance Reshapes Market Structure: Galaxy
Bitcoin Slips Back Below $90K — Crypto Correction Now Ranks Among Worst Since 2017, K33 Says
Market Opportunity
CreatorBid Price(BID)
$0.02507
$0.02507$0.02507
USD
CreatorBid (BID) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Fed transcripts show chair Powell pressed for forceful guidance on rates in 2020
The post Fed transcripts show chair Powell pressed for forceful guidance on rates in 2020 appeared on BitcoinEthereumNews.com. Federal Reserve transcripts released
Share
BitcoinEthereumNews2026/01/18 05:32
‘Love Island Games’ Season 2 Release Schedule—When Do New Episodes Come Out?
The post ‘Love Island Games’ Season 2 Release Schedule—When Do New Episodes Come Out? appeared on BitcoinEthereumNews.com. LOVE ISLAND GAMES — Episode 201 — Pictured: Ariana Madix — (Photo by: Ben Symons/PEACOCK via Getty Images) Ben Symons/PEACOCK via Getty Images We’ve got a text! It’s time for another season of Love Island Games. With fan-favorites returning in hopes of winning the $250,000 cash prize, read on to learn more about Love Island Games Season 2, including the release schedule so you don’t miss a second of drama. Love Island Games is a spinoff in the Love Island franchise that first premiered in 2023. The show follows a similar format to the original series, but with one major twist: all contestants are returning Islanders from previous seasons of Love Island from around the world, including the USA, UK, Australia and more. Another big difference is that games take on much more importance in Love Island Games than the mothership version, with the results “determining advantages, risks, and even who stays and who goes,” according to Peacock. Vanderpump Rules star Ariana Madix is taking over hosting duties for Love Island Games Season 2, replacing Love Island UK star Maya Jama who hosted the first season. Iain Stirling returns as the show’s narrator, while UK alum Maura Higgins will continue to host the Saturday show Love Island: Aftersun. ForbesWho’s In The ‘Love Island Games’ Season 2 Cast? Meet The IslandersBy Monica Mercuri Jack Fowler and Justine Ndiba were named the first-ever winners of Love Island Games in 2023. Justine had previously won Love Island USA Season 2 with Caleb Corprew, while Jack was a contestant on Love Island UK Season 4. In March 2024, Fowler announced on his Instagram story that he and Justine decided to remain “just friends.” The Season 2 premiere revealed the first couples of the season: Andrea Carmona and Charlie Georgios, Andreina Santos-Marte and Tyrique Hyde,…
Share
BitcoinEthereumNews2025/09/18 04:50
‘Dr. Quinn’ Co-Stars Jane Seymour And Joe Lando Reuniting In New Season Of ‘Harry Wild’
The post ‘Dr. Quinn’ Co-Stars Jane Seymour And Joe Lando Reuniting In New Season Of ‘Harry Wild’ appeared on BitcoinEthereumNews.com. Joe Lando and Janey Seymour in “Harry Wild.” Courtesy: AMC / Acorn Jane Seymour is getting her favorite frontier friend to join her in her latest series. In the mid-90s Seymour spent six seasons as Dr. Micheala Quinn on Dr. Quinn, Medicine Woman. During the run of the series, Dr. Quinn met, married, and started a family with local frontiersman Byron Sully, also known simply as Sully, played by Joe Lando. Now, the duo will once again be partnering up, but this time to solve crimes in Seymour’s latest show, Harry Wild. In the series, literature professor Harriet ‘Harry’ Wild found herself at crossroads, having difficulty adjusting to retirement. After a stint staying with her police detective son, Charlie, Harry begins to investigate crimes herself, now finding an unlikely new sleuthing partner, a teen who had mugged Harry. In the upcoming fifth season, now in production in Dublin, Ireland, Lando will join the cast, playing Pierce Kennedy, the new State Pathologist, who becomes a charming and handsome natural ally for Harry. Promotional portrait of British actress Jane Seymour (born Joyce Penelope Wilhelmina Frankenberg), as Dr. Michaela ‘Mike’ Quinn, and American actor Joe Lando, as Byron Sully, as they pose with horses for the made-for-tv movie ‘Dr. Quinn, Medicine Woman: the Movie,’ 1999. (Photo by Spike Nannarello/CBS Photo Archive/Getty Images) Getty Images Emmy-Award Winner Seymour also serves as executive producer on the series. The new season finds Harry and Fergus delving into the worlds of whiskey-making, theatre and musical-tattoos, chasing a gang of middle-aged lady burglars and working to deal with a murder close to home. Debuting in 2026, Harry Wild Season 5 will consist of six episodes. Ahead of the new season, a 2-part Harry Wild Special will debut exclusively on Acorn TV on Monday, November 24th. Source: https://www.forbes.com/sites/anneeaston/2025/09/17/dr-quinn-co-stars-jane-seymour-and-joe-lando-reuniting-in-new-season-of-harry-wild/
Share
BitcoinEthereumNews2025/09/18 07:05