US sellers drive Bitcoin crash, Jensen plots comeback: Hodler’s Digest

Bitcoin bottomed after the US midterm elections in 2018 and 2022 — and the great Bitcoin crash of November 2026 looks like history repeating. Bitcoin plunged more than $10,000 this week, and is currently trading at $65,116 for a 12.4% loss.

According to Anchorage Digital researcher David Lawant, the call is coming from inside the house. “BTC sell pressure continues to come primarily from the U.S,” he noted, positing a chart highlighting showing continued heavy net taker sell flow primarily on Coinbase compared with overseas exchanges.

The US spot Bitcoin ETFs have seen heavy outflows, losing $2.35 billion over the past two weeks, and influencer Axel Bitblaze noted that Bitcoin fell after the US open on all but two of the past fifteen days.

Source: Anchorage Digital

Binance founder Changpeng Zhao also rebuffed the idea that Binance is behind the crash. “No, Binance did not sell crypto. I bought crypto in the past few days,” he said. He attributed the crash to money shifting to the Anthropic IPO, the Bitcoin ETF outflows, security fears about crypto in general in the wake of the Binance hack, and hot inflation data raising expectations of interest rate hikes. Markets are now pricing in a quarter point Fed hike in December.

Bitcoin fell to a four month low near $62,000 on Sunday but has since rebounded above $65,000. The Crypto Fear and Greed Index fell to 10, which is Extreme Fear.

History provides some good news in that Bitcoin more then doubled in price within 12 months of the 2018 and 2022 midterm elections.

Jensen discusses NVIDIA comeback days after resigning

The Financial Times reports that Jensen Huang is plotting a comeback to the top job at NVIDIA with allies, following a determined push in Silicon Valley to pressure the board to reinstate him.

NVIDIA shares plunged after Huang resigned as CEO and from the board on Nov. 12, with Chief Financial Officer Colette Kress named as interim CEO. The resignation came shortly after news broke he’d had two other affairs, including one with a subordinate.

Multiple people confirmed Huang has been discussing the idea of returning with confidants, even though an independent probe by the board is examining allegations he was romantically involved with a Chinese spy who helped ferry chips to China. The FT reported one ally saying that supporters have put together a “war room” to reinstate him. “Everybody that matters in tech outside the frontier labs loves Jensen,” the source said. A petition to reinstate Huang has garnered more than 100,000 signatures, including 5,600 current NVIDIA employees, along with SpaceX boss Elon Musk and Epic Games CEO Tim Sweeney.

The turmoil at NVIDIA has weighed heavily on AI stocks and risk assets like cryptocurrency and the story still has a long way to run, with Congressional moves to investigated the issue and three bills advanced to tighten AI chip export restrictions to China. According to the New York Time, intelligence officials reportedly briefed President Trump about the allegations Alice Huang was a Chinese spy a year ago, but he did not take any action.

Ethereum should become post-quantum in 2027: Ethlabs

Ethereum research group Ethlabs is withdrawing its Quick Slots proposal from the forthcoming Hegotá upgrade, and has urged core developers to urgently prepare the network for quantum attacks by 2027.

On Wednesday, the group outlined “pqai27,” a proposed roadmap that aims to protect Ethereum against threats from quantum computing and artificial intelligence.

At Devcon, researcher Justin Drake said he hopes to complete the transition in 2028 while the published roadmap still targets December 2029.

Strategy gets booted from MSCI indexes

Index provider MSCI has confirmed Bitcoin treasury company Strategy will be removed from its global equity indexes, following months of debate over whether crypto treasury firms qualify as operating businesses. Japan’s Metaplanet and crypto treasury company Upexi are also marked for deletion, while Ether treasury firm Sharplink is on a watchlist. The changes take effect after market close on Nov. 30.

“Index inclusion meant ordinary passive investors, like someone holding a global index fund in their pension, were getting leveraged Bitcoin exposure they never chose. MSCI just fixed that,” Ryan Kirkley, CEO of Global Settlement Network, told Cointelegraph. Strategy fell 6.49% on Thursday and are down by more than one quarter over the past month.

Bitcoin ETFs shed $2.35B in 2 weeks, BlackRock’s losing streak hits 11

US spot Bitcoin exchange-traded funds (ETFs) recorded $2.35 billion in net outflows over two consecutive weeks, as redemptions reached more than $1 billion each week. 

According to Farside Investors data, spot Bitcoin ETFs shed $1.07 billion between from Monday to Friday, following $1.28 billion in outflows the previous week, the largest weekly redemptions since late June. 

Friday marked the seventh consecutive trading session of net withdrawals, with about $1.71 billion redeemed since Nov. 5

Winners and Losers

At the end of the week, Bitcoin (BTC) is down 12.7% to trade at $65,158, Ethereum (ETH) is down 14.4% to trade at $1,822 and XRP (XRP) is down 13.3% to $0.96. The total market cap is at $2.2 trillion according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin winners of the week are Kite (KITE) with a 35.5% gain, Pieverse (PIEVERSE) on 33.8%, and Midnight (CRV) on 28.7%.

The top three altcoin losers of the week are Zcash (ZEC) which was down 25.4%, Uniswap (UNI) down 23.2% and Aero (AERO) down 23.1%.

Prediction of the Week

Bitcoin’s ‘best buying opportunity ever’ has arrived: Mark Moss

Bitcoin Opportunity Fund co-founder Mark Moss says that with banks and ETFs widening access to Bitcoin he expects a new record high in 2027. Wall Street’s embrace of Bitcoin has created the “best buying opportunity ever,” he said.

Top FUD of the Week

Microsoft confirms global outage resolved, rules out cyberattack

Microsoft managed to restore Microsoft 365 services after a massive global outage disrupted Outlook, Teams and other applications for more than 24 hours, reiterating that the disruption was not caused by a cyberattack.

Microsoft said that the outage stemmed from a problem introduced during an earlier network capacity upgrade that emerged after a recent network change. “This was a technical issue not related to cyber or AI/agents,” the company said.

MegaETH parent cuts 20% of staff amid restructuring, AI push

MEGA, the organization behind Ethereum layer-2 network MegaETH, has reduced its workforce by 20% following months of restructuring as it expands into artificial intelligence products. 

The layoffs come as MEGA shifts its focus toward developing products on the MegaETH network, including artificial intelligence services. The organization has committed $30 million to the initiative.

Metaplanet swings to $170M loss as Bitcoin sale hits earnings

Metaplanet swung to a $170 million net loss in the first nine months of 2026, hit by a decline in the value of its Bitcoin holdings and a loss on the sale of 10,000 coins to demonstrate its ability to raise cash.

The Japanese company, the world’s second-largest publicly traded corporate Bitcoin (BTC) holder, posted a net loss of 27.16 billion yen (about $170 million), compared with a profit of 13.53 billion yen ($84.6 million) in the same period last year. A 19.17 billion yen ($119.8 million) loss on the Bitcoin sale and an 8.04 billion yen ($50.3 million) loss from a decline in the value of its Bitcoin holdings outweighed gains in the operating business.

Top Magazine Features of the Week

Are Alt-L1s over? Security, costs drive smaller chains to Ethereum

L1 blockchains Zilliqa, Gnosis and Ronin join the Ethereum ecosystem as the costs of going it alone grow, and the security and liquidity advantages become too hard to resist.

Paraguay bank collapse shows stablecoins can offer a lifeline... of sorts

Ueno’s collapse exposed the fragility of digital banking in Paraguay, as customers scrambled for access to their money and stablecoins offered a lifeline.

Should you leave Australia to avoid paying 47% tax on crypto gains?

Some Australian crypto investors are moving overseas to avoid the huge CGT increase from July 2027. But there are also less drastic ways you can pay less tax.