Crypto Sentiment Steadies as Macro Hopes Lift the Tape
After a sharp mid-November drawdown, crypto markets are showing early signs of stabilization, according to CoinShares’ Research.
Bitcoin appears to have carved out a near-term base following its intraday low of $80,553 on November 21, with prices rebounding as investors began to price in a more supportive rate outlook. Comments from New York Fed President John Williams — suggesting policy could move closer to neutral with a potential near-term cut — were one of the few clear catalysts and helped reset sentiment after weeks of risk-off positioning.
Beneath the surface, however, flows still point to a delicate backdrop. The largest Bitcoin holders (wallets above 100,000 BTC) have sold roughly $12.3B over the past…
