BTC And ETH Extend Their Consolidation

In the news today, the broader crypto landscape is going through the motions, waiting for a catalyst to make or break

Bitcoin
BTC

$103,160.49

1.28%

price action as it continues its consolidation between $100,000 and $103,000.

Currently trading at

, it has managed to stay above the critical support at $100,000 after its recent jump to $106,000. The rally behind the $106,000 retest did not last too long, however, as bears pushed the price down to $102,000 again, reversing the momentum.

(Source: CoinMarketCap)

In the last 24 hours, it has shed about 1.82% of its market cap, with its price action down by 1.85% in the last 24 hours. On the weekly chart, it is down by 0.27%, indicating that the momentum behind the crypto gold is fading.

The drop came about during a surge in trading activity, indicating that both buyers and sellers were battling it out.

For BTC to regain its upward momentum, its price action must first capture and hold the $103,000 level before decisively breaking out above $105,000. A clean break above $105.,000 level will allow BTC’s price action to then further target the $108,000- $110,000 zone and force over $1.3 Bn worth of short traders to close, further propelling up its price.

$BTC finding it hard to break the levels .. moving on a trend like this … (focus on purple line )

If this happens … Alts can take a hit . especially $ICP pic.twitter.com/KlL4eeGD8C

— Eco Nomad (@KEmmra) November 13, 2025

On the downside, if it slips below the $100,000 key support level, there are chances that it could fall further, potentially testing the $98,000 level.

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Crypto News Today: ETH Whales Buy The Dip, What’s Next?

Ethereum
ETH

$3,504.07

1.84%

has been struggling to maintain above the $3,700 level as the bears have continuously pushed its price action down to $3,300. Currently trading at

, it has barely managed to hold above this level for an extended duration since the last 2 weeks.

In the last 24 hours, its price action is down by 1.23%, although it has still managed to maintain a slightly positive 3.16% gain on the weekly chart.

(Source: CoinMarketCap)

Whales, however, are buying the dip, highlighting their belief that its long-term potential is still holding strong. The big question is whether it can claw back to $4,000 by the end of this year.

Interest from whales hasn’t slowed down. On the contrary, it has only grown. One wallet, known as 0x392a, recently pulled over 10,000 ETH from Kraken, worth about $34 million. Another wallet, possibly tied to Bitmine, bought 24,000 ETH, worth around $82 M.

Despite the market downturn, whales and institutions continue to accumulate $ETH!

New wallet 0x392a just withdrew 10,050 $ETH($34.38M) from #Kraken.

A new wallet, 0xa235, possibly belonging to Bitmine, bought 24,007 $ETH($82.13M) through Galaxy Digital OTC 6 hours ago.

The… pic.twitter.com/ks2cfVk0Ro

— Lookonchain (@lookonchain) November 12, 2025

At the same time, another wallet called “#66kETHBorrow” scooped up nearly 164,000 ETH in just two days, totaling roughly $582 M.

For ETH to stop consolidating and start its uphill battle to reclaim the $4,000 mark, it must first break decisively above $3,700. On the contrary, if its price action slips below the key support level at $3,200, it might slide down further.

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Metaplanet Releases Financial Report: Nets $83M In Profits

By Arijit Mukherjee

Japanese Digital Asset Treasury (DAT) company, Metaplanet, reported a strong third-quarter performance, with a net profit of ¥12.7 billion (approximately $83 million).

The surge was largely on the back of its BTC holdings and strategic asset management. The company has increasingly positioned itself as Japan’s version of Strategy in its accumulation of BTC as part of its treasury strategy.

*Financial Results Summary for the Third Quarter of the Fiscal Year Ending December 31, 2025 [Japanese GAAP] (Consolidated)* pic.twitter.com/fdxgK6WdwF

— Metaplanet Inc. (@Metaplanet_JP) November 13, 2025

Metaplanet plans to continue expanding its BTC reserves and exploring further blockchain ventures.

Taiwan Plans A BTC Strategic Reserve

By Arijit Mukherjee

Taiwan’s central bank is considering adding BTC to its national reserves. If this goes through, Taiwan will become the first Southeast Asian country to hold sovereign BTC.

The initiative was announced by legislator Dr. Ko Ju-chun and includes drafting BTC-friendly regulations within six months and launching a pilot BTC treasury using seized BTC currently valued at around $300M.

🚨 Taiwan breakthrough! Premier & CBC commit to:
1️⃣ Study #Bitcoin as strategic reserve
2️⃣ Draft BTC-friendly rules in 6 mos
3️⃣ Pilot BTC treasury holdings—starting with inventorying seized BTC awaiting auction!
Led by @dAAAb . #BTC fam, let’s make TW the Asia hub! 🇹🇼⚡… pic.twitter.com/OtczhWt8LK

— 科技立委葛如鈞 Ko Ju-Chun (@dAAAb) November 12, 2025

The efforts are backed by the BTC infrastructure company JAN3. It aims to position Taiwan as a regional BTC hub.

Binance Accused of Coordinated POPCAT Market Attack on Hyperliquid

By Arijit Mukherjee

Early yesterday (November 12), a coordinated attack on Hyperliquid resulted in nearly $5M being wiped out from the protocol’s Hyperliquidity Provider (HLP) vault. An anonymous trader used $3M in capital to manipulate the POPCAT market, triggering cascading liquidations.

Binance and its founder, CZ, were quickly accused of being behind the attack, with CZ quickly moving to distance himself from the situation, stating, “I have not used any other CEX for 8 years.”

Someone just manipulated $POPCAT to attack #Hyperliquid, burning through $3M of their own funds — and causing $4.9M in losses for the Hyperliquidity Provider (HLP).

The attacker withdrew 3M $USDC from #OKX yesterday, split it across 19 wallets, and deposited it into #Hyperliquid… pic.twitter.com/lnwsRSspFv

— Lookonchain (@lookonchain) November 13, 2025

HYPE is down -4% today as fear surrounding the situation ramps up, with analysts saying the attack shows that those with deep enough pockets can financially disrupt the Hyperliquid platform.

Crypto Market Liquidation Crosses $565M

By Arijit Mukherjee

The overall crypto market has taken a major hit, falling 2.1% to $3.56 Tn. This drop came alongside nearly $565M in liquidations. The liquidations were mostly from long positions, meaning that bullish investors were caught off guard.

Crypto Market Liquidation Chart

(Source: CoinGlass)

Long positions being liquidated often result in increased selling pressure, pulling down prices even further.

Investor mood has turned cautious. Many traders are still shaken by last month $19M liquidation event. The Crypto Fear and Greed Index dropped by 2 points and is now back in the Extreme Fear zone.

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