Crypto Market

BTC and ETH Market Insight

Last week BTC plunged from ~$110K to below $100K, shattering the $100K support amid broader market exhaustion. ETH dropped from ~$3.9K to ~$3K. Total crypto cap shed 20$ from October highs, erasing most 2025 gains. The support level at ~$3.4K was observed. BTC ETF saw $1.2B net outflow and ETH ETF saw $0.5B net outflow last week. CMC crypto greed and fear index once dropped to 20 (extreme fear) On Nov 5th, with BTC RSI signaling oversold.

Upcoming Macro Calendar - Source: Trading Economics

Options Market

The crypto options market sustained elevated volatility throughout the past week, with institutional hedging dominating flows amid persistent macro uncertainties—such as Fed policy signals and ETF positioning—driving a broad-based rise in implied volatility across the entire term structure for both BTC and ETH. Even as spot prices stabilised and realised volatility moderated, IV remained stubbornly high. Skew continued to reflect rising downside protection demand, mirroring patterns seen in equity indices but amplified by crypto’s pronounced fat-tail risk. Meanwhile, implied funding rates in perpetuals turned negative, signaling a clear shift toward defensive market positioning.

Altcoins and Blockchain News

Macro

The major benchmarks closed mixed for the week: the DJIA added +0.3%, the S&P 500 added +0.1%, and the Nasdaq shed 0.5%. The Chinese stocks retreated after the major indexes hit the highest levels in four years: the Shanghai Composite Index shed 0.18%, the CSI 300 lost 1.08%, while the Hang Seng index added +1.26%.