BlackRock’s iShares Bitcoin Trust (IBIT) saw its largest single-day outflow since its January 2024 launch, with $523M withdrawn on Nov 19, surpassing last week’s $463M. The fund remains the world’s largest spot BTC ETF, holding around $73B in assets. 💰

Sustained outflows since late October have totaled $2.19B for November so far. When investors redeem ETF shares, managers must sell the equivalent amount of underlying Bitcoin, creating additional market pressure. 😬💸

💎 Michael Saylor is in full diamond hands mode. In a Fox Business interview, he stated that Strategy can comfortably survive an 80–90% Bitcoin crash and keep operating as if nothing happened.

Key points:

• Strategy holds 649,870 BTC, purchased since 2020 for $48.37B at an average of $74,433 per BTC.
• Saylor claims BTC volatility is dropping — from 80% in 2020 to ~50% now, and expected to decrease further as institutional investors arrive.
• Expected BTC returns still outperform the S&P 500, according to him.
• MSTR shares have dropped over 40% since BTC’s all-time high, but the company keeps buying daily, using various types of shares.

Saylor: “We are not selling. We bought every day last week.”

Classic diamond hands. 💼🧱🚀

🤓 Vitalik Buterin says the Ethereum base layer should “ossify” — becoming stable and nearly unchangeable to avoid bugs and keep the network predictable as it secures hundreds of billions.

Key points:

• Innovation should move to L2, while L1 becomes a stable settlement and security layer.
• The early “experimental spirit” is fading — memecoins and copy-paste trends dominate the space.
• Elliptic curve cryptography will eventually die, and quantum computers could break today’s cryptographic model before 2028.
• Ethereum has ~4 years to migrate to quantum-resistant protection.

🔎 CryptoQuant analysts predict a further correction toward $87,500, citing their Bitcoin Composite Index, which has now fallen below 0.75 — a signal that historically points to deeper pullbacks. 📉

Looks like a quick bounce back to $100K isn’t on the horizon just yet 😢