Shakeout To Breakout?

Good morning. Now is the most divided time ever in the crypto market. But there are some signs of hope that this shakeout turns into a breakout.

All of that, plus your…

• Chart of the Day is all the details on BTC’s Death Cross.
• Trade of the Day is don’t long BTC until this happens.
• Degen Play of the Day is a way to hedge your portfolio.

Chart of the Day

There it is…Bitcoin’s price dropped to $95K and BTC finally printed its long-awaited death cross as shown in this chart from @ColinTCrypto. 

With the 50-day moving average crossing below the 200-day moving average, this often marks bottoms. According to the megaphone pattern in the chart, a bottom is exactly where BTC is after the death cross happened at exactly the lower range of the channel. 

Now that the death cross has happened, this increases the chance of a rally from here. Whether that be to new ATHs or simply a relief rally is too early to tell. 

But first, let’s see what BTC does going into the weekly close. 

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Trade of the Day

Right now, Bitcoin is following a similar pattern to March/April when it put in its last low at around $73K. On the weekly chart, we’re looking for support to hold around the yearly open at $93.5K, so a new low can begin to form around $93K-$95K. 

If price breaks above the descending channel and holds, this could be the catalyst for some sort of rally that with enough momentum could see new ATHs. 

But the key here is to wait for confirmation before making any big moves and keep leverage to a minimum. 

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Alpha Leaks

• Berkshire Hathaway [BRK] added $4.3 billion in Alphabet [GOOGL] to its portfolio in Q3, making it the company’s 10th largest position. This is a big move for Mr. Buffett given his typical reluctance for high growth investments.
• Binance [BNB] started accepting BlackRock’s tokenized fund BUIDL as off-exchange collateral, allowing institutions to trade on Binance without moving their assets out of custody. BNB Chain will also launch a new BUIDL asset class to expand the token’s reach beyond Ethereum.
• Alphabet [GOOGL] announced that Google is investing $40 billion into its data center expansion plans and will build three new facilities in Texas. This will be Google’s largest investment in any US state.
• Uniswap [UNI] launched a new onchain auction system called Continuous Clearing Auctions (CCA) to boost liquidity and revive the ICO token launch era.
• Bitmine [BMNR] has appointed a new CEO and three independent directors. CEO Jonathan Bates, who served in the role since 2022, is being replaced with Chi Tsang, founder of venture firm m1720.
• Solana [SOL] will be integrated into Block’s Cash App in early 2026 to enable USDC payments for the app’s 57 million monthly users. Even though Cash App is Bitcoin-focused, Block has admitted they need “greater flexibility and ease of use” but will convert any stablecoins into BTC.
• Aave has become one of the first major DeFi platforms to get approved under the EU’s MiCA framework, allowing it to offer regulated stablecoin on and off ramps throughout the European Economic Area.

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News Roundup

Bitcoin ETFs Continue To Bleed 

Bitcoin’s drop below $100K triggered over $1 billion worth of liquidations in 24 hours. And we don’t have to look far to find out where they came from…

The US spot ETFs saw their second-largest daily outflows on record of $866.7 million on Thursday November 13th. The bleed continued Friday, but thankfully at a slower pace with $492.1 million leaving the collective.

But this could be a bullish sign. Crypto sentiment platform Santiment reiterates that ETF inflows act like an inverse indicator: “Large ETF inflows have often marked local price tops, while significant outflows have coincided with market bottoms, suggesting retail panic.”

Good News! BTC Buyers Are Stepping In

Czech Republic’s Central Bank

It appears the Czech National Bank has announced plans to buy $1 million in BTC and US-dollar stablecoins. The upcoming buys were approved back on October 30th in a move to becoming “more forward-thinking, more visionary.”

Strategy 

Michael Saylor has denied selling any of Strategy’s Bitcoin after Arkham data revealed their wallet was down 47,000 BTC. The rumors gained further momentum due to Strategy’s mNAV falling below 1x, meaning that its market cap is now less than the value of its BTC.

But Saylor confirmed live on CNBC that Strategy is instead still buying and will disclose its buys on Monday morning. Well, that clears that one up then – there’s no truth to these rumors…yet!

Harvard University

Harvard University has not only doubled down on BTC, but it’s tripled down on it. Recent SEC filings show that Harvard increased its Bitcoin ETF holdings to $442.8 million in Q3, making that a 257% jump from Q2.

Let’s be clear though, it’s not just Bitcoin they’re betting on, but gold too. In Q3, Harvard also increased its GLD ETF holdings by almost 100% from 333,000 shares in June to 661,391 shares by the end of September.

Don’t underestimate how big this announcement is.

XRP ETF Sets Records

Just a few weeks ago, the Bitwise spot Solana ETF broke records. Now, the first spot XRP ETF is breaking those records…who would have thought?

The Canary Capital spot XRP ETF outperformed all the other 900+ ETF launches this year by its first-day performance:

• $58 million in trading volume
• over $250 million in inflows

The success of this ETF is thought to be because of its in-kind creation and redemption model, meaning shares can actually be exchanged for XRP tokens, not just cash. That’s exactly the reason why the trading volume seems so light compared to the total inflows. 

And it’s a positive sign that altcoin demand is returning.

Degen Play of the Day

This one is a volatility play on Bitcoin. Polymarket’s latest bet captures the market’s split psyche: Will Bitcoin hit $90,000 or $110,000 first? 

Traders are betting heavily on caution, with shares for a $90K touch trading at 67% probability, versus just 33% for the bullish $110K breakthrough. Volume stands at $35K, signaling growing interest.

So, buy “90K first” for downside protection or “110K” for upside leverage. 

Legal Disclaimer

Wealth Mastery (Lark Davis, and the Wealth Mastery writing team) are not providing you individually tailored investment advice. Nor is Wealth Mastery registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Wealth Mastery is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

You can find a full disclosure of all my crypto & venture investments here.