CryptoQuant CEO: MSTR Appears to Be in an Oversold State

On November 26th, as reported by The Block, Timothy Misir, the director of BRN Research, stated that ETF inflows have offered the first significant buying support in the past few days, enabling Bitcoin to remain within the fragile accumulation range of $84,000 to $90,000. “Inflows have started to provide support, but they are not yet regarded as having a decisive impact,” Misir said. He pointed out that the on-chain pressure remains high, with approximately one-third of the Bitcoin supply still in a loss position. “Long-term holders and institutions are still selectively accumulating, while the recent selling pressure mainly comes from short-term holders.” In addition, Misir also mentioned that the macro signals remain complex—including the U.S. Producer Price Index (PPI) meeting expectations—keeping the Fed's policy path still uncertain. “Inflation data has not forced the Fed to accelerate rate cuts or maintain a hawkish stance. The market must price in the possibility of

November 26th. According to an official announcement, Binance Wallet has initiated the BNB DeFi Carnival Wealth Management Event. The purpose of this event is to offer more yield opportunities to BNB on-chain token holders. During the event, by subscribing assets through Binance Wallet Wealth Management to Solv, Bouncebit, or Venus-related pools, participants can share a $1,000,000 equivalent Binance Wallet exclusive event reward. During the BNB DeFi Carnival event, Binance Wallet Wealth Management will launch activity pools in different phases and announce each phase's activities separately. Phase 1 Activity Period: From November 27, 2025, at 08:00 to January 11, 2026, at 07:59 (GMT+8). During this event, users who meet the activity requirements and subscribe to specified assets in the Binance Wallet Wealth Management activity pool will be eligible to receive rewards.

On November 26th, Sergey Nazarov, the co-founder of Chainlink, stated that DeFi has currently completed approximately 30% of the process of large-scale adoption. If regulations and legislation are clear, it could reach 100% (full adoption) within four years. He pointed out that the U.S. regulatory attitude may trigger a global chain reaction and predicted that by 2030, DeFi and traditional finance will have a comparable chart in terms of capital distribution. Currently, the TVL of DeFi lending protocols has grown by more than 72% in the past year, reaching $127 billion.

On November 26th, as per an announcement from the Hong Kong Stock Exchange, the Huaxia HKD Digital Currency Fund (Stock Code: 3471) is scheduled to commence trading on the Hong Kong Stock Exchange on November 28, 2025. The Huaxia HKD Digital Currency Fund is the first retail tokenized currency market fund in the Asia-Pacific region, launched by Huaxia Fund (Hong Kong) in 2025. By leveraging blockchain technology, it "tokenizes" traditional funds, transforming the returns from HKD-denominated short-term deposits and high-quality money market instruments into digital tokens. This innovative approach aims to offer a more transparent, convenient, and flexible investment tool, enabling investors to make investments through various channels such as traditional and digital (licensed by the SFC virtual asset trading platforms).

On November 26th, according to The Bitcoin Historian, Thailand has now imposed a 0% capital gains tax on Bitcoin traded on national-level exchanges.