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November 19, 2025 — TRON DAO, the community-governed DAO dedicated to 
accelerating the decentralization of the internet through blockchain 
technology and decentralized applications (dApps), co-hosted MetaMask’s 
Builder Night at DevConnect, held on November 17 in Buenos Aires, Argentina. 
Builder Nights is MetaMask’s globally recognized […]

TRON DAO Co-Hosts MetaMask’s Builder Night at DevConnect Buenos Aires to Strengthen Global Community and Developer Collaboration

On-chain data shows Bitcoin short-term holders have transferred a large amount 
of BTC at a loss to exchanges, a sign of another capitulation wave on the 
network. Bitcoin Short-Term Holders Are Depositing To Exchanges At Loss As 
explained by CryptoQuant community analyst Maartunn in a new post on X, short- 
term holders (STHs) have just made another wave of underwater exchange 
deposits. Related Reading: XRP, Bitcoin Now In “Good Buy Zone,” Says Analytics 
Firm The STHs refer to the investors who purchased their Bitcoin during the 
past 155 days. This cohort is generally considered to include the weak hands 
of the market, who easily sell at the sight of market volatility. Recently, 
the market has been witnessing a bearish shift, which is exactly the type of 
event that STHs would be expected to react to. There are several ways to track 
the moves being made by these investors, with one such being the data of their 
exchange inflow transactions. Usually, the STHs transfer their coins to 
centralized exchanges when they are looking to sell, so a spike in exchange 
deposits from the group can be a sign of a selloff. During downtrends, loss 
selling is the most common type of distribution from the STHs due to the fact 
that their cost basis is at recent prices, which tend to be higher in bearish 
phases. Now, here is the chart shared by Maartunn that shows the trend in the 
24-hour loss exchange inflows made by the STHs over the past month: As 
displayed in the above graph, the Bitcoin STHs made a large amount of loss 
deposits to exchanges when the cryptocurrency&#8217;s price crashed to $94,000 last 
week. The same appears to have followed during the latest downward move in the 
asset. In total, STHs have sent 65,200 underwater tokens to the exchanges over 
the last 24 hours. At the current exchange rate, this amount is worth a 
whopping $6.08 billion. This new wave of capitulation wave in the STHs came as 
BTC dropped toward $89,000. Interestingly, what has followed this FUD from the 
STHs has so far been a rebound for the asset. On-chain analytics firm 
Glassnode has also shared data related to the STH capitulation in a new X 
post. Glassnode&#8217;s chart is for the amount of loss that the STHs as a whole are 
realizing through their transactions across the network. The 7-day exponential 
moving average (EMA) value of this metric is currently sitting at $427 
million, which is the highest that it has been since November 2022, when the 
last bear market bottomed out. Related Reading: Bitcoin SSR Flashes Buy 
Signal: Rebound Incoming? &#8220;Panic selling is elevated &amp; clearly rising, now 
exceeding the loss levels seen at the last two major lows of this cycle,&#8221; 
noted the analytics firm. BTC Price Bitcoin witnessed a bounce back to $92,800 
during the past day. Featured image from Dall-E, Glassnode.com, 
CryptoQuant.com, chart from TradingView.com

Bitcoin Short-Term Holders Panic: 65,200 BTC Sent To Exchanges At Loss

Strategy’s Michael Saylor says Bitcoin has been “getting a lot less” volatile 
despite its recent price plunge, contradicting the outlook of many crypto 
analysts.

Saylor shrugs off suggestion Wall Street ‘hurt’ Bitcoin amid latest crash

The valuation follows a multi-billion-dollar deal with tech giant Microsoft 
and chipmaker Nvidia, and essentially doubles Anthropic’s previous value. 
Anthropic Valued at $350B After Closing Microsoft and Nvidia Deals: The AI 
Bubble Expands Just a little over two months ago, AI startup Anthropic, was 
valued at $183 billion. But now, following the Tuesday announcement of […]

Anthropic Hits $350 Billion Valuation, Adding to Fears of an AI Bubble

Senate Banking Chair Tim Scott says the committee could mark up a crypto 
market structure bill in December, sending it to President Donald Trump for 
early 2026.

Cryptocurrency price in HKD