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Sunday, 11/15/2026

Mining company MARA sold 13,597 BTC over six weeks for 1.1 billion USD to pay for AI data center expenses

GSR Content and Special Projects Director Frank Chaparro stated that the Bitcoin mining company MARA sold 13,597 BTC within six weeks, cashing out $1.1 billion, and plans to continue selling. He mentioned that MARA had previously indicated it would hold Bitcoin, but is currently selling its inventory of Bitcoin to repay debts and support arrangements for artificial intelligence data centers.According to MARA's third-quarter shareholder letter, the aforementioned sales occurred after September 30, with an average transaction price of approximately $81,039, representing about 40% of the 34,012 BTC held at the end of the quarter. The company used $750 million of this to pay off a term loan secured by Bitcoin and released 17,477 BTC from collateral. The letter stated that the company intends to continue using Bitcoin to raise cash, with purposes including artificial intelligence infrastructure, convertible bonds that can be exercised next year, and potential stock buybacks.

Analyst: 73% of New Bitcoin Investors Now Underwater, Calling This Pullback a 'Disastrous Start'

Odaily News: Crypto analyst Murphy stated that Bitcoin may not have seen such an extreme market move in the past 12 years. Data shows that the overall loss ratio among new investors (STH-PSIL) has risen to 73%. By comparison, during the previous bear market, amid rate hikes and the collapse of traditional banks, the metric stood at 51% on the first pullback and only rose to 67% on the second.

Murphy noted that the current cycle bears some resemblance to the market opening in 2019-2020. At that time, Bitcoin's first pullback pushed STH-PSIL as high as 97%, but that was accompanied by the black swan of the global pandemic. In contrast, this cycle has not yet seen a similar major external shock—only more traces of "artificial intervention."

However, Murphy said there is no need for excessive pessimism at present. He remains confident in Bitcoin's short- to medium-term outlook and has no intention of selling his holdings. But he also cautioned that this decline has severely damaged investor confidence, and repairing market sentiment may take a long time. A large amount of trapped positions at higher levels will continue to create selling pressure during future rebounds. Similar to what the market experienced in 2019, this cycle may also need a long time to truly emerge from the trough.

Analyst: The overall loss ratio of short-term Bitcoin holders has risen to 73%, and the trapped positions may continue to suppress the rebound

Crypto analyst Murphy stated that the current Bitcoin pullback has pushed the short-term holder's loss ratio (STH-PSIL) to 73%. In comparison, during the last round of rate hikes combined with a traditional banking crisis, this metric was 51% during the first pullback and rose to 67% during the second.Murphy referred to the current trend as a "bottomless pit start," believing it resembles the market conditions from 2019 to 2020. During the first pullback in 2019, this metric once soared to 97%, and it took the market about a year to recover from the slump. Murphy believes there is no need to be overly pessimistic at this time, but investor confidence has been damaged, and a large number of trapped positions may continue to create selling pressure when prices rebound to critical levels. He indicated that the difficulty of this round of recovery may be higher than in 2019. He mentioned that he heavily bought BTC from February to June, and although the current price is close to his cost basis, he has no plans to sell.

Analyst: The current round of Bitcoin sell-off is mainly triggered by the liquidation of leverage, suggesting to "buy in panic."

Wellington-Altus strategy analyst James E. Thorne stated that the "head and shoulders bottom" pattern of Bitcoin has not yet been broken, with the left shoulder around $59,000, the head around $57,000, and the right shoulder currently forming. Bitcoin needs to first reclaim $73,000 and then break through $87,000 to confirm this pattern.If the pattern is confirmed, Thorne sees a mid-2027 target of $117,000 and expects Bitcoin to subsequently break through the historical high of $126,000, with an end-of-year target of $150,000 to $170,000. He believes that the current round of selling is mainly triggered by the liquidation of leveraged positions, rather than a deterioration in fundamentals, and suggests buying in times of panic. If Bitcoin falls below $57,000, the above judgment will become invalid.

Whale fiyopi Loses $10.49M Closing ETH Long, Opens $27M SOL Long

Odaily News: According to on-chain analyst Yu Jin, whale @fiyopi (0xe813...6d74) opened a long position on 24,500 ETH at $2,207.5 a few days ago, with the position valued at $54.08 million; this morning, the position was closed at $1,783.3, resulting in a loss of $10.49 million. After closing, @fiyopi opened a long position on SOL worth $27 million at $70.5.

AguilaTrades Opens 40x Long on 1,000 BTC, Unrealized Profit Tops $1.8 Million

Odaily News: According to Lookonchain monitoring, AguilaTrades (0x1f25...f925) opened a 40x leveraged long position on 1,000 BTC about 30 minutes ago, with the position valued at approximately $64.4 million and unrealized profit currently exceeding $1.8 million. AguilaTrades has made a trading profit of $5.66 million over the past week, mainly from shorting BTC.

Data: A certain whale holds 30,000 ETH short positions, with an unrealized profit of approximately 15.6 million USD

According to on-chain analyst @ai_9684xtpa, a certain whale has held a 20x short position of 30,000 ETH since November 5, with the current position valued at approximately $52.89 million, an opening price of $2,283.2, and an unrealized profit of about $15.6 million, making it the account with the highest unrealized profit for ETH on Hyperliquid.Half a month ago, this address went long on ETH and BTC, making a profit of $17.777 million, with total account profits of approximately $35.87 million.

Bitcoin Falls to 18th in Global Asset Market Cap Rankings

Odaily News: According to 8MarketCap data, Bitcoin's market capitalization has been surpassed by the Vanguard S&P 500 ETF, Eli Lilly, and Berkshire Hathaway, dropping to 18th place in the global asset market cap rankings. Its market cap now stands at approximately $1.259 trillion, down 8.28% in 24 hours and 17.23% over the past 7 days.

Data: loracle.hl Four types of tokens have a long position floating loss of approximately 26.7 million USD

According to monitoring by Lookonchain, the total unrealized loss of long positions in BTC, XMR, ETH, and STRK for loracle.hl is approximately 26.7 million USD.The accompanying image shows that the unrealized loss for the BTC position is about 18.95 million USD, the unrealized loss for the XMR position is about 5.62 million USD, and the unrealized losses for the ETH and STRK positions are approximately 640,000 USD and 1.44 million USD, respectively.

7 Siblings Buys 10,925.6 ETH for $20M USDT in 7 Hours, Sitting on $5.57M Unrealized Loss

Odaily News: According to on-chain analyst Yu Jin, 7 Siblings (0x5ffc...3c37) spent another 20 million USDT to buy 10,925.6 ETH 7 hours ago at a purchase price of $1,830. Since ETH began falling from $2,400, 7 Siblings has spent 60.877 million USDT to buy 31,484 ETH at an average price of $1,933, and currently has an unrealized loss of $5.57 million.

Bitcoin Nears $59.5K–$62.6K Liquidation Zone as Glassnode Warns of Long Position Risk

Odaily News: Blockchain data analytics firm Glassnode has identified Bitcoin's largest model liquidation cluster at $59,500 to $62,600, a zone on the six-month heatmap that has not been touched since the August low. Glassnode warned that with Bitcoin's price approaching this zone, long positions left over from the August breakout may face further liquidation amid continued selling pressure.

As of Nov. 14, Bitcoin was trading at $63,602, down 6.90% in 24 hours, 14.81% over a week, and 21.45% over a month. On Nov. 13, U.S. spot Bitcoin ETFs saw net outflows of $185.4 million, including $143.5 million from BlackRock and $41.9 million from Fidelity.

From Nov. 9 to 13, U.S. spot Bitcoin ETFs recorded cumulative net outflows of about $1.07 billion, marking the seventh consecutive trading day of net outflows. CME FedWatch data showed that on Nov. 14, the market priced an 88.5% probability of a 25-basis-point Fed rate hike and an 11.5% probability of a 50-basis-point hike; the Federal Reserve's policy meeting is scheduled for Dec. 8–9. (Bitcoin.com News)

Strive CEO: If Bitcoin Mirrors Post-SpaceX IPO Path, It Could Hit $90K by Late February

Odaily News: Strive Chairman and CEO Matt Cole posted on X that Bitcoin fell 19% in the 50 days before the SpaceX IPO, and with Anthropic set to go public next week, Bitcoin has already dropped 18%, with the two price patterns highly similar. Data shows that after SpaceX listed on June 12, Bitcoin bottomed on day 18 with a maximum drawdown of 25%, and by day 100 after the listing it was up 28% from the IPO-day closing price and 39% off its low.

He said that if Bitcoin repeats a similar pattern this time, most of the current decline may already be priced in, with a rapid rebound likely in the coming months. Bitcoin is currently near its 200-week moving average. If the post-SpaceX IPO price path is mapped onto current prices, Bitcoin could reach about $90,000 by late February next year. Markets won't repeat history exactly, but I remain positive on Bitcoin's technicals and fundamentals for 2027.