Whale Selling and Shutdown Stress Weigh on Crypto, But Signs of Capitulation Emerging
Nov 3, 2025
Discussed in today's video:
Whale Sell Pressure Continues: Several OG wallets moved billions in BTC to exchanges, adding to sell pressure. Poor Growth Data Adds Drag: Manufacturing PMI fell to 48.7, signaling faster contraction and fueling growth concerns. Markets await Wednesday’s Services PMI, which better reflects the broader economy. Liquidity Relief on Hold: The government shutdown’s likely extension into December delays expected TGA drawdowns and stalls liquidity tailwinds that were expected to support risk assets into year-end. Crypto and Equities Both R...