Multiple Wall Street banks warned on Nov. 7 that tensions in U.S. money markets may escalate, potentially prompting Federal Reserve intervention, BlockBeats reports. The spread between repo rates and reserve rates remains elevated despite short-term funding rate stabilization, reflecting deteriorating marginal liquidity. A JPMorgan report indicated Bitcoin has significantly corrected excessive leverage positions following recent deleveraging, appearing "abnormally cheap" relative to gold on a volatility-adjusted basis, with strategist Panigirtzoglou noting perpetual contract open interest ratios have returned to early-year averages. Bitunix analysts highlighted short-term support at $100,500 and resistance between $103,500–$104,500.

U.S. Bitcoin spot ETFs attracted net inflows of $239.9 million on Nov. 6, Farside Investors data show. The inflow ended a six-day streak of net outflows for these investment products.

A whale operating addresses 0xb31 and 0x2ea faces an unrealized loss of approximately $3 million on leveraged cryptocurrency positions, on-chain AI analytics tool CoinBob data show on November 7. The whale holds a 5x leveraged BTC long position down $1.78 million (12.4%) with an entry price of $104,500 and position size of approximately $71.4 million, and a 5x leveraged ETH long position down $1.3 million (12.1%) with an entry price of $34.27 million and position size of roughly $53.5 million. The same whale previously held over 100,000 BTC before converting holdings to ETH earlier this year and profited over $170 million from short positions opened before the October 11 market crash.

Ark Invest purchased 215,709 shares of BitMine stock valued at approximately $8.06 million on November 6, Ark Invest Tracker data show. The acquisition was made by Cathie Wood's investment firm.

A trader closed approximately $10 million in 25x leveraged ETH long positions at a $2.29 million loss and withdrew remaining collateral of around $2.17 million over the past 24 hours, Hyperinsight data show. Huang Licheng re-entered Hyperliquid with about $500,000 on Wednesday evening, establishing 25x leveraged ETH longs; after multiple liquidations, he added collateral 8 hours ago and currently holds approximately $10 million in ETH long positions with an entry price of $3,334.35 and liquidation price of $3,204.10. Separately, Tether increased its Bitcoin holdings by 961 BTC valued at $97.34 million, bringing total holdings to 87,290 BTC worth $8.84 billion.

Bitcoin and Ethereum options valued at over $5 billion are set to expire on Nov. 7, Deribit data show. Bitcoin options have a max pain point near $108,000 with a Put Call Ratio of 0.83, with open interest concentrated around $100,000 puts and $120,000-$125,000 calls. Ethereum options show a max pain point approaching $3,800 with a Put Call Ratio of 0.9, with open interest centered on $3,500 puts and $4,200 calls.

A whale holding 1,231.98 BTC in short contracts valued at $124 million has recorded an unrealized profit of $12.99 million, on-chain analyst Ai Yi reports. The position, with an average entry price of $111,499.3, was built through multiple additions between Oct. 24 and 28. This marks the address's fourth consecutive Bitcoin short trade since early 2025.

Bitcoin could rise to approximately $170,000 over the next 6 to 12 months as leverage resets and its volatility improves relative to gold, JPMorgan analysts said. The team led by Managing Director Nikolaos Panigirtzoglou noted in a Wednesday report that the crypto market has pulled back around 20% from recent highs, with the sharpest decline occurring on Oct. 10 when the perpetual contract market witnessed the largest liquidation event in crypto history. A smaller-scale liquidation followed on Nov. 3, associated with further erosion of investor confidence after the Balancer protocol in the decentralized finance sector suffered a vulnerability exploit exceeding $120 million, reigniting concerns over protocol security.