Bitcoin News Today: VCs Back Crypto Giants as Derivatives Liquidations Rise

The cryptocurrency market remains in a consolidation phase, with no clear signs of a bull market peak despite recent volatility, according to Coinglass. The data analytics firm reported $368 million in liquidations across crypto derivatives in the 24 hours ending November 25, with short positions accounting for 70% of the total. This imbalance highlights ongoing leverage unwind and margin pressure, particularly in Bitcoin and Solana derivatives, as traders adjust to shifting risk profiles.

Bitcoin, currently trading near $87,500, faces critical liquidity thresholds. A break above $89,000 could trigger $649 million in cumulative short liquidations across centralized exchanges, while a drop below $86,000 risks $394 million in long liquidations according to Coinglass data. Solana (SOL) traders remain under pressure, with bearish technical signals intensifying as open interest declines and funding rates turn negative according to FXStreet analysis. Analysts warn that prolonged weakness in open interest-a proxy for market liquidity-could exacerbate downward momentum in both assets.

Meanwhile, venture capital activity in crypto has rebounded to pre-FTX collapse levels, with $4.65 billion deployed in Q3 2025. Galaxy Digital attributes the surge to renewed interest in stablecoins, blockchain infrastructure, and AI integration. However, the funding boom has been concentrated in a handful of deals, including Revolut's $1 billion raise and Kraken's $500 million infusion. This trend suggests maturation in the sector, with capital increasingly flowing to established players rather than pre-seed startups.

On the tech front, Keysight Technologies reported 10% revenue growth in Q4 2025, driven by AI infrastructure and semiconductor demand. The electronic measurement firm's performance underscores the broader industry's reliance on AI-driven innovation, with its Communications Solutions Group benefiting from surging data center investments. Keysight's 2.87% post-earnings stock rally reflects investor confidence in its ability to capitalize on these trends.

The absence of a bull market peak indicator contrasts with the 2021 cycle, where venture activity closely tracked Bitcoin's price trajectory. Today, institutional adoption and regulatory developments-such as the SEC's approval of ether ETF options-appear to be decoupling from traditional market metrics. This divergence complicates efforts to time the market, as liquidity dynamics shift under the influence of macroeconomic factors and policy uncertainty.