The Wolf Of All Streets Bitcoin & Crypto Bear Market Confirmed? Wintermute Issues Dire Warning
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Nov 6, 2025 Bitcoin faces renewed weakness, sparking discussions on whether a bear market is confirmed. Wintermute warns of declining liquidity, with capital recycling rather than flowing in. Analysts explore the impact of stablecoin and ETF inflows on market dynamics. The ongoing four-year cycle narrative may suppress risk appetite as Bitcoin tests key support levels. Potential bullish triggers, like MicroStrategy's index inclusion, are debated amid a sideways market, while institutional interest stabilizes amid retail liquidations.
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Bear Signals From Charts And Liquidity
- CryptoQuant and Wintermute highlight that Bitcoin is flirting with bear-market signals driven by specific technical and liquidity cues.
- Market participants should watch key support levels and liquidity metrics to assess if this is a deeper downturn or a pause.
Mass Long-Term Holder Selling
- Yago notes about $180 billion of BTC held five years or more sold over ~18 months, shifting long-term holder dynamics.
- This large redistribution complicates supply dynamics and changes how we should think about Bitcoin going forward.
Liquidity Recycling And Declining Flows
- Wintermute warns that stablecoins, ETFs, and treasuries have peaked and liquidity is declining, causing token-to-token recycling.
- That recycling behavior can amplify liquidations and drain exchange liquidity over time.