PANews reported on November 18th that, according to an analysis by Ki Young Ju, founder and CEO of CryptoQuant, the current BTC futures market is dominated by retail investors, with clear signs of whales leaving the market, and the momentum for spot inflows into futures exchanges has dried up. At the same time, the Coinbase premium has fallen to a nine-month low, ETFs have seen net outflows for three consecutive weeks, and the on-chain PnL indicator has turned to shorting. If the cycle theory holds true, the bottom may be around $56,000. He predicts that in the short term, tight dollar liquidity and slowing capital flows will continue to suppress BTC performance, but a sustained outflow is unlikely in the next six months. If interest rate cuts or a renewed easing narrative are implemented, ETFs may attract capital back in. Furthermore, the adoption of stablecoins and the wave of reverse ICOs initiated by listed companies will encourage traditional assets to be on-chain, with Bitcoin being the biggest beneficiary, while altcoins lacking a compelling narrative or fundamentals will lose market attention and liquidity.PANews reported on November 18th that, according to an analysis by Ki Young Ju, founder and CEO of CryptoQuant, the current BTC futures market is dominated by retail investors, with clear signs of whales leaving the market, and the momentum for spot inflows into futures exchanges has dried up. At the same time, the Coinbase premium has fallen to a nine-month low, ETFs have seen net outflows for three consecutive weeks, and the on-chain PnL indicator has turned to shorting. If the cycle theory holds true, the bottom may be around $56,000. He predicts that in the short term, tight dollar liquidity and slowing capital flows will continue to suppress BTC performance, but a sustained outflow is unlikely in the next six months. If interest rate cuts or a renewed easing narrative are implemented, ETFs may attract capital back in. Furthermore, the adoption of stablecoins and the wave of reverse ICOs initiated by listed companies will encourage traditional assets to be on-chain, with Bitcoin being the biggest beneficiary, while altcoins lacking a compelling narrative or fundamentals will lose market attention and liquidity.
CryptoQuant CEO: Whales have withdrawn from the futures market; Bitcoin is likely to weaken in the short term and may bottom out at $56,000.
PANews reported on November 18th that, according to an analysis by Ki Young Ju, founder and CEO of CryptoQuant, the current BTC futures market is dominated by retail investors, with clear signs of whales leaving the market, and the momentum for spot inflows into futures exchanges has dried up. At the same time, the Coinbase premium has fallen to a nine-month low, ETFs have seen net outflows for three consecutive weeks, and the on-chain PnL indicator has turned to shorting. If the cycle theory holds true, the bottom may be around $56,000.
He predicts that in the short term, tight dollar liquidity and slowing capital flows will continue to suppress BTC performance, but a sustained outflow is unlikely in the next six months. If interest rate cuts or a renewed easing narrative are implemented, ETFs may attract capital back in. Furthermore, the adoption of stablecoins and the wave of reverse ICOs initiated by listed companies will encourage traditional assets to be on-chain, with Bitcoin being the biggest beneficiary, while altcoins lacking a compelling narrative or fundamentals will lose market attention and liquidity.
Market Opportunity
MAY Price(MAY)
$0.01392
$0.01392$0.01392
USD
MAY (MAY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The Channel Factories We’ve Been Waiting For
The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush. Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs. Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Onyxcoin Price Breakout Coming — Is a 38% Move Next?
The post Onyxcoin Price Breakout Coming — Is a 38% Move Next? appeared on BitcoinEthereumNews.com. Onyxcoin price action has entered a tense standoff between bulls
Share
BitcoinEthereumNews2026/01/14 00:33
Buterin pushes Layer 2 interoperability as cornerstone of Ethereum’s future
Ethereum founder, Vitalik Buterin, has unveiled new goals for the Ethereum blockchain today at the Japan Developer Conference. The plan lays out short-term, mid-term, and long-term goals touching on L2 interoperability and faster responsiveness among others. In terms of technology, he said again that he is sure that Layer 2 options are the best way […]
Share
Cryptopolitan2025/09/18 01:15