Vanguard Group, with $11 trillion in assets under management, purchased 6 million shares in bitcoin treasury company Nakamoto (NAKA), BitcoinTreasuries.NET data show on Nov. 13. The acquisition marks a notable move by the asset manager, which currently does not offer bitcoin exposure to its clients.

Large holders accumulated more than 45,000 BTC this week, the second-largest such accumulation in 2025, BRN Research Director Timothy Misir said. The purchases, worth approximately $4.6 billion at current prices, coincided with increased exchange withdrawals to cold storage, indicating institutional positioning rather than retail activity. Bitcoin spot ETFs recorded net outflows of about $278 million on Wednesday, while Ethereum spot ETFs saw outflows of around $184 million; Solana spot ETFs posted net inflows of $18.06 million. The U.S. government's reopening this week following a spending bill passage released roughly $40 billion in delayed liquidity, supporting what Misir described as "cautious optimism in risk sentiment amid an improving macro backdrop."

Block's payment platform Cash App will support stablecoin sending and receiving in early 2025, a company spokesperson said. Each user will receive a blockchain address linked to their account, though specific stablecoins and supported blockchains were not disclosed. Cash App will also enable users to pay merchants with Bitcoin by scanning QR codes, with the platform automatically converting cash to Bitcoin for transactions without requiring users to hold Bitcoin balances.

Bitcoin long-term holders accelerated their sell-off with holdings supply declining rapidly and net position changes turning sharply negative, Glassnode analysis released on Nov. 13 shows. Long-term holders took profits as market participants attempted to defend the $100,000 level. The on-chain analytics firm observed a marked shift in holder behavior during this price zone.

Bitcoin's monthly MACD formed its first death cross on Nov. 13, signaling early bear market conditions, a BiyaPay analyst said. The monthly chart shows clear trend deceleration despite BTC trading above $100,000, with the candle breaking below short-term moving averages and momentum bars contracting. The analyst recommends a "bearish but not shorting" stance, noting early bear phases often feature volatile swings that can trigger short squeezes while mid-to-long-term policy and liquidity variables remain unresolved.

Bitcoin dropped below $103,000 on Nov. 13, down 1.3% over 24 hours, HTX market data show. The decline marks a pullback from recent levels for the leading cryptocurrency.

Bitcoin rose above $104,000 on Nov. 13, gaining 0.52% over 24 hours, HTX market data show. The move marks renewed upward momentum for the cryptocurrency.

U.S. spot Bitcoin ETFs recorded a net outflow of $278.1 million on November 12, ending a two-day inflow streak, Farside data show. FBTC led outflows with $132.9 million, followed by ARKB at $85.2 million. IBIT saw $36.9 million in net withdrawals, while GBTC recorded $23.1 million in outflows.

Coinglass data show cumulative short liquidation intensity across major centralized exchanges would reach $1.35 billion if Bitcoin rises above $104,000, released November 13. Long liquidation intensity would total $982 million should Bitcoin fall below $100,000. The liquidation heatmap indicates relative strength between liquidation clusters rather than exact contract counts, with taller bars representing stronger potential price reactions driven by liquidity waves at specific levels.