Analysis: Bitcoin Sharpe Ratio Dips Below 0, Signaling Major Bottom

On November 25th, US Treasury Secretary Yellen declared that concerning the selection of the new Federal Reserve Chair, the second round of final interviews will be conducted today, and currently, there are five prominent candidates. President Trump is likely to make the announcement of the new Federal Reserve Chair prior to Christmas (December 25th). (Xinhua News)

On November 25th, the Swedish payment giant Klarna is scheduled to launch its stablecoin on the Tempo blockchain, which is supported by Paradigm and Stripe, in 2026.

On November 25th, Value Creation, a real estate and digital transformation company listed on the Tokyo Stock Exchange in Japan, recently announced in a post that it has utilized surplus funds to purchase 7.057 bitcoins at an average price of 14.17 million yen per BTC. The total amount is approximately 100 million yen (about 670,000 USD).

On November 25th, as monitored by lookonchain, a BlackRock IBIT address has just transferred 4,471 Bitcoins to Coinbase Prime (approximately $3.908 billion).

On November 25th, Bitcoin continued to rebound and reached around $88,000. The entire crypto market rose cautiously ahead of the release of a series of postponed U.S. macro data. This week, BTC has been fluctuating within the range of $85,000 to $89,150, continuing the upward trend of the weekend. The total market capitalization of cryptocurrencies has returned to around $3.07 trillion. Ethereum remained stable around $2,900. Solana rose by nearly 6% to around $136, supported by continuous rotational inflows into spot ETFs. However, the overall market sentiment remains cautious. Large-cap coins are leading the rebound, while mid-cap tokens continue to underperform after significant deleveraging last week. On Monday, ETF data once again showed differentiation: Bitcoin ETF saw a net outflow of $151 million in a single day, continuing the weeks-long trend of risk aversion; Ethereum ETF saw a net inflow of $97 million; Solana ETF saw a net inflow of $58 million; It is particularly not

On November 25th, based on CMC data, the forecasted nominal trading volume of the past week reached $2.45 billion, as detailed below: · Polymarket: $986.58 million; · Opinion Labs: $818.30 million; · Kalshi: $607.97 million; · Other platforms: $35.83 million.