Bitcoin declined 2% in early Asian trading, dropping below $107,000 amid whale profit-taking and continued ETF outflows. The pullback extends selling pressure from October, when a significant market washout on October 19 established a weaker tone that persisted into November.

BitMine Immersion Technologies purchased 82,300 ETH over the past week, bringing total holdings to approximately 3.4 million ETH valued at $13.25 billion, according to a company announcement. The acquisition solidifies the firm's position as the world's largest corporate Ethereum holder, controlling 2.8% of the asset's circulating supply. The company's total crypto and cash reserves now stand at $13.7 billion.

Bitcoin began November trading below its recent consolidation levels amid market uncertainty. Analysts from The Bull Theory identify several factors that historically align with strong BTC performance in November, when the cryptocurrency has averaged 40–42% gains in past years. These catalysts include the resumption of government spending, corporate buyback programs, elevated Federal Reserve repo activity, and accumulated Treasury balances.

Strategy has filed to offer 3.5 million shares of euro-denominated perpetual preferred stock (STRE) to raise capital for bitcoin acquisitions and corporate operations. The company announced Monday it purchased 397 BTC for approximately $45.6 million, bringing total holdings to 641,205 BTC, according to a company statement.

Dogecoin fell nearly 8% in 24 hours as bearish sentiment intensified. The cryptocurrency faces critical support at $0.18, with analysts warning that a sustained break below this level could trigger a decline toward $0.07. Approximately 28.28 billion DOGE tokens, representing roughly 18% of total supply, were previously accumulated at the $0.07 level.

Bitcoin long-term holders have sold approximately 400,000 BTC over the past 30 days, according to onchain data. The Long-Term Holder Net Position Change metric has turned increasingly negative, signaling accelerated distribution. Technical indicators have shifted from buy to neutral for the weekly outlook, with long-term moving averages now showing sell signals.

Senate Agriculture Committee Chair John Boozman said bipartisan negotiations on the CLARITY Act have resumed, with a committee markup potentially occurring before Thanksgiving. Banking Committee Chair Tim Scott's office confirmed talks restarted after crypto industry leaders mediated following an earlier stalemate over controversial DeFi provisions, according to Boozman and spokesman Jeft Naft.

Bitcoin's blockchain activity has declined sharply in 2025, with daily transaction fees dropping from approximately 4.7 BTC in January to just over 2 BTC in May—a 56% decrease. Average block size has contracted by around 10% since the first quarter, settling near 1.53 MB. Despite reduced network congestion, Bitcoin maintains price levels above $110,000, though miners now depend more heavily on block subsidies as fee income diminishes.