🌄 Morning Crypto Round-Up – November 12, 2025

📰 Top 3 News Highlights 1. Bitcoin’s capitulation metric flashes a potential bottoming signal Bitcoin’s Net Unrealised Profit (NUP) ratio has dropped to ~0.476 — a level which in past cycles preceded short-term market bottoms. CoinDesk 2. Circle reports stronger-than-expected Q3 profit amid booming stablecoin growth Circle, the issuer of USDC, delivered higher profit than estimates thanks to rising stablecoin circulation — a sign of deeper institutional and payment-layer adoption. Reuters 3. Professional & wealthy investors remain bullish despite crypto slide A survey shows 61% of high-net-worth/pro investors plan to increase their crypto exposure even after recent market declines — highlighting longer-term conviction. Morningstar +1

📊 Market Snapshot (Major Coins) Coin Approximate Price* 24 h Change Key Note Bitcoin (BTC) ~$104,000 Down ~1-2% Under pressure despite bottoming signals Binance +1 Ethereum (ETH) ~$3,480-$3,550 Down ~2-3% Reflecting broader risk-off sentiment Binance +1 Major Altcoins Mixed Mostly down small % Market remains cautious, range-bound *Prices are approximate at the time of writing; please check live charts for current values. 🔍 Trading & DeFi Focus: What’s Going On? With Bitcoin’s NUP ratio hitting historically low levels, this might suggest short-term accumulation zones are forming — yet it doesn’t guarantee an immediate rally. The strong stablecoin performance from Circle suggests money is still flowing into crypto infrastructure and payment rails even though headline-asset prices are weak. AAC Tip: In a market where sentiment is weak but structural adoption is building, favour longer-term thematic plays (infrastructure, stablecoins, payments) while keeping near-term exposure moderate. 🧠 AAC Insight Today’s setup is one of contradiction: on one hand, key metrics signal the possibility of price bottoms; on the other, broad risk-off sentiment is keeping crypto assets under pressure. For readers: this is not the time for full boldness, but rather for preparedness. If you’re trading: tighten your risk controls and avoid chasing upside aggressively. If you’re investing: consider layering into infrastructure or stablecoin-adjacent plays rather than chasing the big names at peaks. 🔜 What To Watch Today Will Bitcoin hold above ~$102K–104K? A break below could undo the emerging bottom signal. Any major stablecoin or DeFi protocol announcements (especially from Circle, USDC, or payment-integration firms). Flow data for crypto ETFs or large institutional allocations — these may hint at the next directional move. Macro/regulatory signals: given the sensitivity of crypto right now, even modest news (Fed comments, banking regulation, liquidity flows) can move the market. That’s your AAC morning update for today. We’ll be back this evening with our Evening Wrap-Up, covering altcoins, DeFi project highlights and deeper chart moves.