Bitcoin -0.55% Amid Legal Clarity in India, Whale Shorts and ETF Filing Activity

Generated by AI AgentCryptoPulse AlertReviewed byAInvest News Editorial Team
Friday, Nov 7, 2025 5:42 am ET1min read
Aime RobotAime Summary

- India's High Court recognizes

Bitcoin
as legal property, granting ownership rights and enhancing exchange accountability.

-

Tether
boosts BTC holdings by 961 BTC ($97.18M), now holding 87,296 BTC ($8.84B) as part of its profit allocation strategy.

- A whale realizes $12.99M profit from BTC shorting, maintaining a $124M position at an average entry price of $111,499.

- BTC drops 0.55% in 24 hours amid regulatory clarity in India, while 7-day and 1-month declines highlight market volatility.

On NOV 7 2025,

BTC
dropped by 0.55% within 24 hours to reach $100668.33, BTC dropped by 8.82% within 7 days, dropped by 8.05% within 1 month, and rose by 7.71% within 1 year.

India Legalizes Bitcoin as Property in Landmark Ruling

India’s High Court has recognized

Bitcoin
and other cryptocurrencies as legal property, granting them the same rights to be owned, held in trust, and protected under existing laws. This ruling provides investors with legal protection and enhances accountability for exchanges operating in the country. The decision marks a pivotal step toward regulatory clarity and mainstream adoption of digital assets in India.

Tether Reinforces BTC Holdings Amid Price Downturn

Tether has increased its Bitcoin holdings by purchasing an additional 961 BTC, valued at $97.18 million, from its Bitfinex reserve wallet. The move is consistent with Tether’s strategy of allocating 15% of its profits to Bitcoin accumulation since 2023. Tether’s BTC reserve now totals 87,296 BTC, valued at $8.84 billion, making it the sixth-largest Bitcoin wallet globally. The average cost per BTC remains at $49,121, resulting in an unrealized profit of approximately $4.55 billion.

Whale Shorts BTC for Fourth Consecutive Instance, Realizing $12.99M Profit

On-chain data reveals that a significant whale has continued its shorting strategy, realizing $12.99 million in profit on November 7. This whale, which has been shorting BTC since March 2025, increased its position between October 24 and 28, currently holding a short of 1,231.98 BTC valued at $124 million. The whale's average entry price stands at $111,499.3.

Backtest Hypothesis

The recent movements in Bitcoin's price, including short-term volatility and institutional positioning, suggest a need for a robust backtesting strategy to evaluate the potential outcomes of various trading signals. For example, the whale activity and Tether's accumulation pattern could serve as signals to test whether these events correlate with broader market trends or offer predictive value for price direction. A backtesting framework would need to incorporate historical price data aligned with BTC's trading behavior over the past 7 to 30 days, using ticker codes like “BINANCE:BTCUSDT” or “COINBASE:BTCUSD” to ensure data accuracy.