Bitcoin Dominance Tests 61% Breakout, and That's Bad News for Altcoins
Bitcoin dominance tests a 61% breakout as the weekly Supertrend flips bullish.
Bitcoin market participants have multiple reasons to be bearish, such as heavy liquidations, ETF flows, and institutional holders selling.
Nvidia perps are down 7% on Hyperliquid as traders react to reports that CEO Jensen Huang may be removed.
November 12, 2026, 4:03 amIncreased transparency in Bitcoin ETN holdings could influence investor confidence and regulatory scrutiny, impacting future digital asset products.
November 12, 2026, 3:01 amBitcoin dominance tests a 61% breakout as the weekly Supertrend flips bullish.
Bitfinex warned that bitcoin risked a prolonged decline as weak fund flows, uneven corporate demand, and broader market pressures tested its recovery. The exchange also flagged growing futures exposure and steeper altcoin losses. Bitcoin Faces a $75,717 Recovery Test Crypto exchange Bitfinex warned Nov.
Japan’s latest inflation surprise could weigh on financial markets. Prices charged by Japanese producers rose 7.1% in October, above economists’ 6.5% forecast. The latest PPI report measures prices between businesses. Japan’s import prices jumped 24.8% in yen terms.
Santiment reported bearish social sentiment across bitcoin, ethereum, and XRP as cryptocurrency prices faced renewed pressure. The analytics firm argued that widespread pessimism could create conditions for a recovery, with XRP recording the weakest ratio among the three assets.
MSCI confirmed Strategy’s removal from its USA Index, setting up portfolio changes for funds tracking the benchmark. The decision followed a dispute over how the index provider classifies companies whose businesses center on holding assets. Funds Face Strategy’s November Index Exit Index provider MSCI named Strategy Inc.
Bitcoin Core disclosed three security vulnerabilities on Nov. 10, 2026, including a high-severity defect capable of disrupting mining operations and two additional weaknesses affecting block processing and Tor connections. Although developers patched the problems in October 2025, their technical details remained confidential until now.
Bitcoin is facing a fresh liquidity squeeze as mounting losses among recent buyers threaten to derail its recovery. Stablecoin supply has contracted by $14.2 billion over the past month, its sharpest decline since June 2022, while Bitcoin's apparent demand has fallen by 284,000 BTC, approaching levels last seen during the March 2025 market turmoil.
Elliptic’s November 10 update put remaining stolen XRP at about 60 million, while swap interruptions complicate further conversions.
Stablecoin supply fell $14.2 billion in 30 days, the fastest contraction since June 2022, amid weak ETF demand.