A cloud of anxiety hangs over the Bitcoin market, yet signs of a bottoming out are becoming increasingly clear.
Experts deny the possibility of a major sell-off, and investors are waiting for the next wave.
BlackRock’s clients are by no means pioneers of global payments.
What is the true role that this giant asset management company envisions for Bitcoin?
Coinbase completes a large-scale migration of its internal wallets.
A look behind the scenes at the efforts to enhance security and improve the user experience.
Is AI draining liquidity from the cryptocurrency market?
The $300 billion oracle problem and the strategic shift of Bitcoin miners.
The quiet cry the market is uttering, and the possibility of a strategic bottoming out indicated by pessimistic indicators.
Now is the time to discern the roadmap for the future of digital currencies.
Let’s analyze the news regarding the global economy and cryptocurrencies together and consider the movements of the economy! On November 23rd (Sunday), we will explain today’s cryptocurrency news and the market conditions on the blockchain. Now, let’s look at the 24-hour data headlines for the cryptocurrency market.
“Bitcoin Greed & Fear Index Reflects Extreme Pessimism and Signs of a Strategic Bottoming Out”
Anxiety is heavily present in the Bitcoin market. The latest “Greed & Fear Index” shows extreme fear, and many investors are adopting a more cautious stance. However, analyst Lyn Alden pointed out that this pessimism will not lead to a “massive sell-off (capitulation).” In other words, the market is in a temporary adjustment phase, and a strategic bottoming out is near.
The background includes macroeconomic uncertainty and fluctuations in monetary policy that have continued since 2024. Market participants seem to be shifting from overreacting to making calm judgments, having learned from the intense ups and downs experienced in the past few years. This is like the calm after a storm; once the rough seas subside, a new voyage will begin.
In fact, the Bitcoin price has shown signs of bottoming out in the past few weeks, and trading volume is also on an increasing trend. According to historical data, during periods of recovery from high fear index levels, prices have risen by an average of over 37%, outperforming traditional markets such as the S&P 500.
This movement suggests a “change in the tide in the sea of the market,” symbolizing that chilled sentiment is beginning to warm up again. It’s a hint of the future that the digital asset market, fluctuating between despair and hope, is communicating.
This phase tells us that amidst the intersection of two waves—fear and hope—the footsteps towards new growth are clearly beginning to be heard.
“BlackRock Clients Reluctant to Build Global Payment Network”
BlackRock, the world’s largest asset management company, has explicitly stated that its clients using its Bitcoin-related services are “not direct supporters of building a global payment network.” This statement suggests that the company’s clients view Bitcoin simply as an investment asset.
The background to this is the increasing entry of financial institutions and institutional investors into the cryptocurrency market, but their purpose is not necessarily to utilize it as a payment infrastructure. Rather, it seems that in many cases, it is positioned as a means of risk diversification, portfolio diversification, and inflation hedging. This is like a large-scale urban development plan where residential development is progressing, but the construction of highways is still in a cautious stage.
Market participants view BlackRock’s actions as “a sign that encourages calmness throughout the industry,” and in some cases, it has put the brakes on somewhat overheated expectations. On the other hand, the entry of this type of institutional investor itself leads to increased market credibility, so it is also received as a positive factor for the market as a whole.
This example reflects the behind-the-scenes reality that “in the theater of expanding cryptocurrency use, the first act is still just the prologue.” What kind of script will investors write next?
What can be gleaned from this is the reality that cautious steps by large-scale players are the key to market soundness and sustainable growth.
“Coinbase Completes Large-Scale Internal Wallet Migration, Enhancing Security and Convenience”
Coinbase, a major US cryptocurrency exchange, recently successfully completed a large-scale migration of its internal wallet system. This project aims to strengthen user asset protection and improve transaction speed, and is attracting attention from market participants.
The background to this initiative includes the recent surge in hacking incidents and system failures. Ensuring security is a top priority for exchange operations, and it is also a challenge to restore trust as a platform that handles large sums of money. This move is like “building a fortress with robust walls,” solidifying the foundation of user confidence.
Initial data after the transition shows improvements in processing speed and a reduction in transaction delays, and the market reaction has been generally positive. However, some users have expressed confusion regarding changes in the user interface, suggesting that further improvements and educational activities will be needed.
This technological innovation is more than just an equipment upgrade; it also carries the meaning of fostering trust in the entire market. The “light of security” illuminates the darkness and will serve as a lighthouse guiding towards new challenges.
This event is a duet of technological evolution and trust building, and can be considered an important step towards improving market maturity.
“The Arrival of the AI Era: Decreased Cryptocurrency Liquidity? The $300 Billion Oracle Problem and Miner Strategy Shift”
There are suggestions that the recent advancements in AI technology are also impacting the cryptocurrency market. One example is the oracle-related problem, estimated at $300 billion, and the resulting strategic shift by Bitcoin miners. Concerns about decreased market liquidity are emerging due to changes in automated trading and liquidity provision methods driven by AI.
The background to this is the improvement in rapid and sophisticated data analysis capabilities thanks to AI technology. However, this is also causing a shift in human-centric market making and liquidity supply models, leading to a period of adaptation to a new ecosystem. This change is like “a collaboration between old and new instrument players during a transition period in musical genres,” and the temporary dissonance is simply growing pains.
While some market participants are cautious, others are optimistic, believing that “efficiency gains through AI will lead to healthier liquidity creation in the future.” In this complex situation, flexibility and a willingness to innovate will be the key to success.
As new melodies overshadow old rhythms, the market orchestra is searching for a new point of harmony. That resonance is the prelude to the future.
This trend is a duet of technological innovation and market adaptability, laying the groundwork for the arrival of a new era.
“Market Remains Resilient Despite Extreme Pessimism – Quiet Preparations for the Next Wave”
Various sentiment indicators, such as the Bitcoin Greed & Fear Index, currently show extreme pessimism. However, simultaneously, increased trading volume and position adjustments indicate that quiet preparations for the next rebound are underway within the market. While this situation may seem like the calm before the storm, many investors and traders appear to be taking a “deep breath” and preparing to ride the next wave.
This psychological state is similar to the “calm before the tide change” in surfing. The momentary stillness of the wind and the energy lurking beneath the waves are precisely the tension characteristic of the night before a big wave arrives. In fact, in similar situations in the past, price rebounds and volatility recovery have often been observed within a few weeks.
Experts and institutional investors are not solely pessimistic, and there are strong voices suggesting “appropriate buying opportunities,” clearly indicating an increasing level of maturity in overall market sentiment. This shows the complexity and depth that cannot be measured by mere fear indices alone.
A fleet of ships steadily sailing forward despite the rough seas—their navigation chart is clearly marked with a beacon of new hope.
All the news we’ve covered today has a depth that cannot be grasped by simply looking at the surface. From different perspectives, the multi-layered aspects of the market, technology, and psychological state emerge.
That concludes the main news for today. If you found this channel valuable, please share, follow, and turn on notifications.
And—how do you interpret these market movements?
Please let me know in the comments!
See you again tomorrow.
