Bitcoin continues to struggle around the $90K level as the market battles 
intense selling pressure and widespread fear. Short-term sentiment remains 
fragile, with investors reacting to rapid price swings and mounting downside 
volatility. Yet, beneath the noise, key on-chain metrics are beginning to show 
signs that the correction may be nearing exhaustion. Related Reading: Nearly 
7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 2024 
According to analyst On-Chain Mind, Bitcoin’s Mean Reversion Oscillator has 
just printed its first green oversold bar in months, a signal that has 
historically aligned with late-stage retracements during bull markets. This 
oscillator measures how far price has deviated from its cyclical mean, helping 
identify when Bitcoin becomes overstretched to the downside. Each time this 
indicator dipped into its green oversold zone in previous cycles, Bitcoin was 
either forming a macro bottom or preparing for a significant rebound. The fact 
that this signal has appeared while BTC consolidates above $90K — despite 
severe profit-taking, forced liquidations, and structural fear — suggests that 
strong hands may be quietly absorbing supply. Historical Bottom Signals Align 
as Macro Tailwinds Strengthen On-Chain Mind explains that Bitcoin’s current 
Mean Reversion Oscillator reading aligns closely with historical patterns seen 
during bull market retracements. Each time the oscillator dipped into the 
green oversold zone while the 35 line held, Bitcoin formed a cyclical bottom 
before resuming its upward trajectory. This line has acted as a structural 
support level across multiple market cycles, and the fact that it is holding 
once again reinforces the idea that strong hands are stepping in as weaker 
participants capitulate. According to On-Chain Mind, when this indicator 
flashes green during an ongoing bull market, it often marks textbook 
accumulation territory — the kind of opportunity that appears only a few times 
per cycle. The current setup resembles previous late-stage pullbacks rather 
than the beginning of a prolonged bear trend. Adding to this outlook, NVIDIA’s 
blowout earnings delivered a major confidence boost to U.S. equities. With 
revenue and guidance far exceeding expectations, the results signal that AI- 
driven demand remains strong. In broader macro terms, such strength in tech 
leadership often spills over into higher-risk assets like crypto, improving 
liquidity and investor sentiment. Related Reading: Bitcoin Capitulation 
Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging Testing 
Support as Momentum Begins to Stabilize Bitcoin’s latest daily chart shows 
price attempting to stabilize after a sharp multi-week decline, with BTC 
currently trading near $92,000. This level is acting as a temporary support 
zone following the breakdown from the $100K area, where sellers aggressively 
dominated order books. The chart reveals a series of lower highs and lower 
lows — a classic short-term downtrend structure — but the recent candlesticks 
hint at reduced selling momentum compared to the peak pressure seen earlier in 
November. The 50-day and 100-day moving averages have both turned downward, 
reflecting weakening short-term trend strength, while the 200-day MA remains 
far below price, highlighting that the broader bullish cycle may not be 
invalidated yet. Importantly, the current candle structure shows smaller 
bodies and longer lower wicks, suggesting buyers are beginning to absorb sell- 
side liquidity around the $90K–$92K region. Related Reading: XRP Supply In 
Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price Volume profiles 
also support this shift. While capitulation-like spikes occurred during the 
heaviest drop, trading activity has now normalized, indicating panic selling 
is cooling off. Historically, such deceleration after a steep leg down often 
precedes a relief bounce, even if volatility persists. Featured image from 
ChatGPT, chart from TradingView.com

Bitcoin Mean Reversion Oscillator Prints First Green Oversold Bar in Months – A Classic Bull-Market Bottom Signal

Numerai — the San Francisco hedge fund that looks more like a sci-fi lab than 
a Wall Street operation — has raised $30 million in Series C funding, the 
company announced.

Numerai raises $30m to build ‘the last hedge fund’

Kalshi has joined predictions market rival Polymarket in the $10 billion-plus 
valuation club after reportedly raising another $1 billion from Sequoia 
Capital and CapitalG.

Kalshi’s valuation marked up to $11B after $1B funding round: TechCrunch

A sweeping Senate draft accelerates momentum for clear crypto oversight by 
empowering the CFTC, tightening consumer protections and signaling broader 
federal support that could lift liquidity and spur wider adoption across 
regulated U.S. trading venues. Senate Draft Released With Crypto Safeguards, 
Trading Rules, and CFTC Funding A sharper regulatory push is taking shape as 
lawmakers […]

Senators Release Bipartisan Draft Outlining Crypto Policy and Federal Market Structure

Crypto analyst Will Taylor, founder of Cryptoinsightuk, says talk of an XRP 
bear market is premature, arguing that the token’s higher-time-frame structure 
and liquidity profile remain bullish despite extreme volatility and record 
liquidations. Is The XRP Bear Market Here? In a video published on 19 
November, Taylor acknowledged the “doom and gloom” dominating crypto sentiment 
but insisted that, from a technical standpoint, “nothing’s really changed” for 
XRP. His core claim is that XRP is still trading above a reclaimed multi-year 
resistance level that now acts as structural support. “We have spent over a 
year above our 7-year resistance holding it as support,” he said, calling this 
setup “almost unprecedented for XRP and for any asset.” As long as that zone 
holds, he rejects the idea that the market has rolled into a confirmed long- 
term downtrend. “Until that support is lost […] you can&#8217;t convince me that 
we&#8217;re bearish. I just don&#8217;t believe that.” Taylor uses Bitcoin as the macro 
anchor for the XRP thesis. He described the current BTC drawdown as a standard 
bull-market correction, noting that price is now sitting around a 30% pullback 
from the highs, similar to prior mid-cycle moves. He pointed out that the 
daily RSI is oversold and that the three-day RSI is at levels last seen near 
the $25,000 lows. “If we&#8217;re referring back to when momentum has felt this bad, 
it&#8217;s literally cycle lows,” he argued, while stressing that this does not 
guarantee an immediate reversal. Related Reading: XRP Supply In Profit Falls 
to 58.5% – Lowest Since 2024 Despite Higher Price Against that backdrop, he 
characterizes XRP as simply ranging above long-term support. On the daily 
chart, he said XRP is “holding its range pretty well,” with price near the 
lower end of that structure. He framed the area around roughly $2 as 
historically attractive from a risk-reward perspective: “Bottom of the range 
is where people are scared, where sentiment’s low. These are the areas that 
are pretty decent.” The liquidity map is central to his view. On lower time 
frames, Taylor sees some liquidity beneath recent lows, around $2.05–2.03, 
which could be swept without breaking the broader range. However, he stressed 
that the overwhelming concentration of resting liquidity lies far above spot. 
In the daily, he claimed that for XRP “the densest area of liquidity by an 
absolute long shot is above us […] dense all the way up to $4.20, $4.30 in 
dollars.” He argued that this distribution matters because market makers and 
exchanges maximize revenue where positions are opened and closed, not at 
stagnant prices. “They make money when contracts are opened and closed. They 
don&#8217;t give a [expletive] whether the price goes up or down,” he said. In his 
view, that means price statistically gravitates toward the most crowded 
liquidity pockets: “You have to play the four out of five chance that it is 
going to go into the dense area of liquidity.” Related Reading: Famous Trader 
Bets $27 Million That The XRP Price Will Crash XRP Vs. The Rest Of Crypto 
Taylor also pointed to relative-value signals. Against Ethereum, XRP recently 
closed a weekly candle above the 0.000071 level, which he said “has trapped us 
down since August.” Versus Bitcoin, he highlighted that XRP has been “holding 
the range lows” and has finally logged a weekly close above a resistance 
cluster that capped price since early October. XRP dominance, he added, has 
broken out of a downtrend and closed back above a recent cluster, although he 
wants “one or two more weeks” of continuation to confirm a bullish cross. He 
underscored that this structure has held despite the October 10, “the largest 
liquidation event in history of crypto.” While the FTX collapse saw about $2 
billion in leveraged positions liquidated, the October 10 move liquidated 
roughly $20 billion and still failed to push XRP into a sustained 
breakdown.The sharp wick lower was “instantly bought back to the upside,” and 
the range was reclaimed soon after. “Things like XRP are looking super bullish 
here,” he concluded. “I think XRP is going to blow the doors off people&#8217;s 
expectations.” For now, Taylor maintains that an XRP bear market would require 
a decisive loss of the long-term support zone and a very different liquidity 
and dominance picture. Until those conditions appear, he says, “there isn&#8217;t a 
factual argument” for a confirmed bear market—only predictions. At press time, 
XRP traded at $2.11. Featured image created with DALL.E, chart from 
TradingView.com

Cryptocurrency price in LKR