Bitcoin News Today: Bitcoin's Death Cross Defied by Institutional Buying Spree

Bitcoin's price recently formed a bearish "death cross" pattern, signaling potential further declines, but institutional accumulation and corporate buying are countering bearish sentiment. The technical indicator, which occurs when the 50-day moving average crosses below the 200-day line, has historically preceded steep crashes. Despite this, major players like Trump-backed American Bitcoin and Michael Saylor's Strategy Inc. continue to bulk up their Bitcoin holdings, suggesting confidence in long-term value.

American Bitcoin Corp. (ABTC), which merged with Gryphon Digital Mining and Hut 8 Mining, purchased 1,414 BTC worth $163 million, bringing its total holdings to 3,865 BTC valued at $446 million. The company's stock surged 11% following the purchase, aligning with Bitcoin's rebound above $115,000. Meanwhile, enters the top 25 holdings reflected the broader market attention on the move. Strategy Inc.—now holding 640,808 BTC valued at $71 billion—added 390 BTC last week, reinforcing its role as the largest corporate Bitcoin accumulator. These moves highlight institutional resilience amid market volatility.

The Federal Reserve's tightening cycle has weighed on Bitcoin, with ETF outflows exceeding $600 million last week. A Cointelegraph report also notes that recovery lacks meaningful ETF inflows. However, analysts note that Bitcoin's recent consolidation near $110,000 could signal a healthy correction rather than a breakdown. If the Fed cuts rates in December, as odds now stand at 66%, Bitcoin could see renewed inflows. Michael Saylor hinted at another major purchase, cryptically stating "Orange is the color of November," a reference to his prior purchase signals.

Bitcoin's dominance over altcoins has also intensified, with the Bitcoin Dominance Index hitting a two-year high of 60.74%. Altcoins have underperformed BTC, with only 3 of 55 major tokens outperforming in the past 60 days. Analysts at TradingView warn that Bitcoin's strength could suppress altcoin rallies until the dominance index drops below 53%. However, some argue that a technical rebound in altcoins is possible if Bitcoin stabilizes, though only projects with strong fundamentals (e.g., DeFi, AI-linked tokens) are likely to benefit.

According to Coinpedia's November 2025 price prediction, Bitcoin trades at $110,163, with key support at $109,200 and resistance near $115,600. If ETF inflows recover and the Fed cuts rates, analysts project BTC could reach $140,000 by year-end. Ethereum faces a short squeeze risk, while XRP's rebound potential hinges on ETF and stablecoin adoption. The Fear & Greed Index remains at 33 (Fear), reflecting cautious sentiment despite rising institutional interest.

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