Trading

Taiwan's Central Bank and Executive Yuan approved a formal Bitcoin reserve review on November 12, 2025, according to joint official statements. The pilot program will use seized Bitcoin from criminal cases to test integration methods, storage protocols, and valuation frameworks without purchasing new assets. Legislator Ko Ju-Chun of the Kuomintang party introduced the proposal in May 2025, citing Bitcoin's potential as a hedge against geopolitical risks.

Bitcoin is trading at $103,400 with 24-hour volume of approximately $74.5 billion. Analysts are monitoring the 66-week exponential moving average near $94,000, an unfilled CME futures gap, and a potential death cross as the 50-day simple moving average approaches the 200-day SMA. Several technical patterns suggest the cryptocurrency may be nearing a significant support zone.

Bitcoin's daily chart shows deteriorating momentum with the 9-day EMA crossing below the 20-day EMA. The Crypto Fear & Greed Index has dropped to 15 out of 100, marking extreme fear levels last seen in March. Analysts note this fear-driven environment has historically preceded rallies, with long-term holders accumulating while short-term participants exit positions.

Decentralized prediction platform Polymarket has opened a beta version to select U.S. users, marking its first domestic operation since a 2022 regulatory settlement. The relaunch follows the company's acquisition of licensed derivatives exchange QCX in July 2025 and new partnerships with PrizePicks and Yahoo Finance.

Uniswap's UNI token has gained more than 70% over the past week after the announcement of the UNIfication governance proposal. The plan introduces protocol fee activation and proposes burning 100 million UNI tokens, representing approximately 16% of circulating supply. Whale transactions reached a four-year high while new wallet creation hit a three-year peak.

Polymarket has resumed operations in the United States through a beta trading platform, founder Shayne Coplan disclosed. The move follows the platform's 2022 settlement with the CFTC and its July 2025 acquisition of licensed derivatives exchange QCX.

Early Bitcoin investor Owen Gunden sold 700 BTC through Kraken on November 11, bringing his weekly total to 1,800 BTC worth $200 million. Long-term holders have distributed approximately 414,000 BTC in November, valued at roughly $43 billion. Negative ETF flows and increased options hedging activity signal mounting market caution as traders position for potential downside below $100,000.

Bitcoin is trading around $102,100 as MicroStrategy's proportion of total corporate BTC reserves declines to 60% from 75% earlier this year, data show. Morgan Stanley warns the asset may be entering a profit-taking phase, while a stronger U.S. dollar adds near-term pressure. Technical patterns suggest a potential breakout above $104,000 could trigger a rally toward higher levels.

Uniswap founder Hayden Adams introduced the UNIfication governance proposal, featuring protocol fee implementation, an $842 million token burn, and a buyback mechanism. UNI surged over 63% within one week, reaching $10 before settling near $8.57. The proposal allocates 0.3% of trading volume between liquidity providers (0.25%) and a buyback pool (0.05%), with projected annual buybacks of approximately $450 million.

Chainlink has declined 30.1% from $22.58 to $15.77 since early October, despite over 63 million LINK tokens leaving exchanges in the past month. Recent price recoveries have triggered profit-taking by holders, suggesting weak bullish conviction and potential for further losses. The pattern indicates investors remain cautious despite ongoing institutional partnerships.