Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Gains 0.42% Amid Whale Short Positions and Tether Purchases

Bitcoin Gains 0.42% Amid Whale Short Positions and Tether Purchases

Bitget-RWA2025/11/07 04:56
By:Bitget-RWA

- Bitcoin rose 0.42% in 24 hours to $101,748.87, but fell 7.93% weekly amid whale shorts and macroeconomic fears. - A top bearish whale secured $12.99M profit from consecutive Bitcoin shorts, holding $124M in contracts at $111,499 avg entry. - Tether boosted Bitcoin holdings by 961 BTC ($97.34M), now holding 87,290 BTC ($8.84B) as part of its long-term bullish strategy. - Market uncertainty deepened with $2B Bitcoin ETF outflows and a 14% put-call ratio, prompting RSI-based backtesting for potential revers

On November 7, 2025,

saw a slight increase of 0.42% over the last day, reaching a trading price of $101,748.87. Over the previous seven days, its value dropped by 7.93%, and it has fallen 7.14% over the past month. Despite these declines, Bitcoin has risen 8.76% year-over-year. Trading activity was largely driven by significant whale transactions, a prevalence of short positions, and institutional buying.

A well-known on-chain whale, recognized for a consistently bearish approach, has initiated a fourth straight short position on Bitcoin. On-chain analyst Ai Auntie reports that this whale secured $12.99 million in profits during the week. Between October 24 and 28, the whale repeatedly increased its short exposure. Currently, it holds 1,231.98 BTC in short contracts, with an average entry price of $111,499.3 and a total value of $124 million. This whale’s ongoing bearish activity has drawn considerable attention from on-chain analysts.

At the same time,

, the company behind the stablecoin, has boosted its Bitcoin reserves by 961 BTC, worth $97.34 million. Tether now holds a total of 87,290 BTC, valued at $8.84 billion. This purchase continues Tether’s pattern of strategic Bitcoin acquisitions, highlighting its ongoing confidence in Bitcoin’s long-term potential.

Market sentiment has been unsettled, with outflows from Bitcoin ETFs accelerating and broader economic concerns mounting. In the past two weeks, Bitcoin ETFs have seen net outflows totaling $2 billion, adding further downward pressure on the price. Disappointing earnings and macroeconomic worries have increased fears that Bitcoin could dip below the key $100,000 level. The annualized premium for BTC 2-month futures has dropped under 5%, indicating waning bullish sentiment.

When Bitcoin’s price slipped to $100,300 on Thursday, there was no corresponding decline in futures open interest, suggesting that bullish traders increased their margin to avoid being liquidated. This pattern shows a cautious optimism in the $100,000 support, even as a strongly negative options delta skew has pushed the put-call ratio to 14%, reflecting heightened market anxiety.

Backtest Hypothesis

Given the current bearish outlook and the technical setup of Bitcoin’s price action, a backtesting method is being explored that uses the Relative Strength Index (RSI) as the main signal. This strategy aims to spot oversold conditions that could indicate a reversal.

The method suggests entering a buy position when the RSI drops below 30, signaling oversold territory. After a buy is triggered, the position is maintained until a 5% profit target is achieved. The objective is to test the reliability of this RSI-based approach using historical Bitcoin spot price data.

To move forward, a valid price series from a reputable exchange, such as BTCUSDT.BINANCE or BTCUSD.

. must be selected. These tickers are available in the price database, ensuring the accuracy of the backtest. Once the appropriate ticker is chosen, the RSI filter will be reapplied and buy signals generated. The backtest will then be run using the 5% take-profit rule to evaluate its past performance.

Incorporating this strategy into a broader technical analysis toolkit provides a systematic way to determine entry and exit points in a volatile market. By relying on measurable indicators like RSI, traders can adopt a more disciplined approach to managing the uncertainties present in today’s market.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Vitalik Buterin's Newest ZK Breakthrough Triggers Fluctuations in the Crypto Market

- Vitalik Buterin's GKR protocol revolutionizes ZK proofs by reducing verification costs and hardware needs, enabling Ethereum's 2025 scalability goals. - ZK-based projects like ZKsync surged 150% in 2025 as Buterin endorsed upgrades achieving 15,000 TPS and near-zero gas fees. - Institutional adoption grows with Citibank and Deutsche Bank using ZKsync's Prividium, while Starknet and zkSync compete on throughput efficiency. - Investors prioritize ZK projects with strong GKR integration, ecosystem adoption,

Bitget-RWA2025/11/07 06:40
Vitalik Buterin's Newest ZK Breakthrough Triggers Fluctuations in the Crypto Market

ALGO Price Drops 7.18% Over the Past Week as Earnings Remain Mixed and Strategic Moves Unfold

- ALGO stock fell 7.18% over 7 days despite 24-hour gains, reflecting mixed business updates from Light AI and Aligos Therapeutics. - Light AI increased R&D spending to $1.2M in Q3 2025 but faced $3.4M non-cash compensation expenses, signaling financial strain amid innovation focus. - Aligos advanced hepatitis B trials but reported $31.5M net loss in Q3 2025, highlighting clinical progress versus immediate financial challenges. - Market uncertainty persists as investors weigh innovation potential against h

Bitget-RWA2025/11/07 06:26

The Revival of Community Journalism as a Barrier Against Misinformation: A Tactical Opportunity for Investors Focused on Impact

- Local journalism's collapse has left 70M+ Americans vulnerable to disinformation, as AI-driven falsehoods and partisan content thrive in fragmented digital ecosystems. - Startups like Community News Lab (digital kiosks) and Factchequeado (AI fact-checking) are rebuilding trust through hyper-local reporting and marginalized community outreach. - Impact investors gain unique opportunities by funding scalable models like Plucky Works' SaaS tools and collaborative journalism networks, which combine tech inno

Bitget-RWA2025/11/07 06:02
The Revival of Community Journalism as a Barrier Against Misinformation: A Tactical Opportunity for Investors Focused on Impact

XRP News Today: Bitcoin Faces Key Level—Will It Trigger a Bear Market or Spark a 2025 Bull Run Revival?

- Bitcoin dips below $108,000, breaking key Fibonacci levels with RSI at 41 and MACD contraction signaling bearish momentum. - Ethereum consolidates near $3,300 after retreating from 100-day EMA, with $3,171 support critical for short-term recovery. - XRP surges 12% post-$500M funding and Mastercard partnership, but faces volatility risks above $2.16 support. - Analysts debate bear market entry vs. 2025 bull cycle reset, citing macro factors like U.S. rates and potential Trump-era policies.

Bitget-RWA2025/11/07 05:48
XRP News Today: Bitcoin Faces Key Level—Will It Trigger a Bear Market or Spark a 2025 Bull Run Revival?