Bitcoin has Been Front and Center in the News
- The 10-day moving average of news stories mentioning bitcoin was 8,454 as of 11/26/2025.
Gold of the Future?
- At the start of 2025, one bitcoin was worth approximately 36.54 troy ounces of gold. After a year, which has seen a strong gold rally and bitcoin falling in price year-to-date, one bitcoin was only worth 22.04 troy ounces of gold as of 11/28/2025.
Bitcoin Forces Liquidations
- According to data from CoinGlass, there were over 47,628 trading accounts holding bitcoin that were forced to liquidate on 11/21/2025. Crypto exchanges will force an account to liquidate when its levels of margin can no longer support their open positions.
Flows Rush out of IBIT ETF
- Flows out of the largest Bitcoin ETF, iShares Bitcoin Trust ETF (IBIT), totaled $2.22 billion for the month of November through 11/26/2025. This was the most outflows in one month since the ETF first launced in January 2024, and only the second month with net outflows.
Trade Volume Ticks Up
- While some are rushing to sell and minimize their exposure to the volatile cryptocurrency, Bitcoin bulls see the current market sell off as another buying oppurtunity. This environment of willing buyer and sellers has led to the 10-day moving average of IBIT trade volume increasing to 75.03 million shares as of 11/26/2025. This was the highest level for the average trade volume since the ETF launched.
