Shift

Symbol

Bitcoin

Read

ERC20

<h2 class="wp-block-heading" id="strong-in-brief-strong"><strong>In Brief</strong></h2>
<ul>
 <li>Open interest drops sharply, signaling a market-wide leverage flush-out.<br></li>
 <li>SOPR stabilizes near 1.0, showing reduced panic selling and calm trader sentiment.<br></li>
 <li>Stablecoin supply hits $158.8B, indicating sidelined capital ready to re-enter markets.</li>
</ul>
<p><strong><br></strong>Bitcoin is holding near $110,000 while key on-chain indicators suggest the market is resetting, not breaking down. A sharp decline in open interest across exchanges signals a major reduction in leveraged positions.</p>
<p>Since late September, open interest has fallen significantly, according to CryptoQuant data, indicating speculative excess has been removed. This drop often precedes a more stable market environment and potential <a href="https://coincu.com/analysis/bitcoin-rsi-upward-trend-market-analysis/" rel="noopener noreferrer nofollow">upward momentum</a>.</p>
<figure class="wp-block-image aligncenter size-large">
 <img src="https://coincu.com/wp-content/uploads/2025/11/image-20-1024x576.jpeg" alt="">
 <figcaption>
  Bitcoin Open Interest - All Exchanges, All Symbol | Source: CryptoQuant
 </figcaption>
</figure>
<p>At the same time, the Spent Output Profit Ratio (SOPR) has hovered near 1.0, signalling neutral sentiment among market participants. This suggests traders are no longer<a href="https://coincu.com/bitcoin/bitcoin-in-october-33b-in-lth-selling/" rel="noopener noreferrer nofollow"> panic-selling</a>, and losses are being absorbed calmly.</p>
<figure class="wp-block-image aligncenter size-large">
 <img src="https://coincu.com/wp-content/uploads/2025/11/image-19-1024x576.jpeg" alt="">
 <figcaption>
  Bitcoin Spent Output Profit Ratio (SOPR) | Source: CryptoQuant
 </figcaption>
</figure>
<p>Analyst @CryptosR_Us described the current conditions as a post-capitulation phase, with long-term holders re-entering the market. Price volatility remains, but underlying sentiment has cooled and reset expectations.</p>
<p>Bitcoin's 7-day performance shows a 4.52% drop, based on CoinMarketCap data, while the price is currently trading at $109,645. Despite the dip, the 1-hour and 24-hour changes show only mild fluctuations.</p>
<h2 class="wp-block-heading" id="strong-stablecoin-supply-growth-signals-rising-capital-readiness-strong"><strong>Stablecoin supply growth signals rising capital readiness</strong></h2>
<p>The total ERC20 stablecoin supply has surged past $158.8 billion, setting a new all-time high in late October. This rise indicates more liquidity is now waiting on the sidelines, potentially ready to re-enter the market.</p>
<figure class="wp-block-image aligncenter size-large">
 <img src="https://coincu.com/wp-content/uploads/2025/11/image-18-1024x576.jpeg" alt="">
 <figcaption>
  All Stablecoins (ERC20): Total Supply | Source: CryptoQuant
 </figcaption>
</figure>
<p>Increasing stablecoin supply often signals capital readiness, as investors park funds in stable assets before rotating into risk assets. This trend could act as fuel for the next <a href="https://coincu.com/analysis/btc-price-stability-could-fuel-long-term-surge-toward-120k-target/" rel="noopener noreferrer nofollow">Bitcoin rally</a> if demand returns.</p>
<p>Meanwhile, analyst Ali posted a chart suggesting Bitcoin may form a new high before facing a strong correction. His analysis shows a broadening top pattern with two potential scenarios: breakout or reversal.</p>
<figure class="wp-block-image aligncenter size-large">
 <img src="https://coincu.com/wp-content/uploads/2025/11/image-21-1024x766.jpeg" alt="">
 <figcaption>
  BTC Broadening Pattern | Source: X
 </figcaption>
</figure>
<p>While technical uncertainty remains, the market structure is aligning with previous reset phases. With leverage wiped, panic cooled, and liquidity rising, conditions favor a bullish recovery rather than a deeper decline.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/?p=374066" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Market Reset? Bitcoin Calm After Leverage Wipe and SOPR Shift

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