The US government holds 306,790 BTC and 17,430 ETH, valued at about $20.28 billion. The total is down more than $20 billion from its all-time high.

Bitcoin has extended a week-long selloff, falling from $81,000 to just below $65,000 as of Saturday. The latest move came over the weekend, a period that has typically lacked major price swings absent a broad shock. Analyst Ted Pillows attributed the drop to forced selling driven by excessive leverage rather than large whale exits. He cited no evidence of single selloffs above $50 million and no large deposits to exchanges. Wallets linked to Erik Voorhees were buying the dip, accumulating almost $100 million of ETH over four days while ETH fell to $1,820. Pillows said $200 million was liquidated in one hour as BTC slipped below $66,000, with total liquidations topping $500 million on Saturday. Long positions accounted for 94% of the total. The pattern echoes the marketwide collapse of October 2025, he said. Separately, analyst Crypto Rover flagged a sharp contraction in stablecoin liquidity. Onchain data showed almost $9 billion, or roughly 4.86%, was wiped from stablecoin market capitalization during the latest decline, when BTC fell 23.92%. By comparison, stablecoin market cap fell 3.70% in May 2026 when BTC dropped 30.11%, and slipped 1.92% in January 2026 when BTC fell 38.42%. Crypto Rover described the latest stablecoin drawdown as the largest of 2026 and said liquidity is leaving crypto rapidly.

CryptoQuant data as of Nov. 15 shows Bitcoin whales holding over 1,000 BTC added about 47,000 BTC during a roughly 24% drop, while 100 to 1,000 BTC wallets sold 50,500 BTC and 10 to 100 BTC wallets sold 14,400 BTC. Net apparent demand over 30 days fell to about 284,000 BTC, the weakest since April 2025, and net realized losses hit about 84,000 BTC over 14 of the past 16 days since Oct. 29.

Bitcoin fell to $64,953 on Bitstamp, its lowest since Aug 19. At about $65,600, Strategy's 850,364 BTC are worth roughly $55.8 billion versus a $64.2 billion cost, or $75,456 per coin. It is the third time this year price has traded below that average. In the last stretch, late June to early August, the company sold 6,916 BTC and has reported only purchases since Aug 31.

Binance recorded its highest liquidation level since 2021 this week, according to CryptoQuant, pointing to a fresh wave of deleveraging across crypto markets. The analytics firm said cutting leveraged positions lowers the risk of cascading liquidations and can let spot demand take a greater role, helping build a stronger market structure for Bitcoin.

ChainCatcher reports that CryptoQuant, in an on-chain analysis posted on X, said Bitcoin has fallen about 24% this cycle. Wallets holding more than 1,000 BTC accumulated roughly 47,000 BTC, including 43,700 BTC added by wallets with 1,000 to 10,000 BTC. Wallets with 100 to 1,000 BTC sold 50,500 BTC, while wallets with 10 to 100 BTC sold 14,400 BTC. Net apparent demand over 30 days fell to about 284,000 BTC, the weakest since April 2025. In the 16 days since October 29, 14 days recorded net realized losses totaling roughly 84,000 BTC. CryptoQuant said selling pressure from short-term holders, ETFs and mid-sized wallets is outpacing the absorption capacity of whales.

JPMorgan Chase lifted its Strategy stake 36% to 848,932 shares in the third quarter, a Form 13F filing shows, up from 624,387 in June and worth $131.3 million at September 30. The same report lists 11,408,930 shares of BlackRock's iShares Bitcoin Trust valued at $540 million, versus 10,407,635 shares worth $355.7 million three months earlier.

Bitcoin fell to $65,420.59, down 4.8% in 24 hours and 13.6% on the week, CoinGecko data shows. Ether slid 5.7% to $1,826 and XRP dropped 6.1% to $0.9573, back below $1. Solana lost 8.6% to $72.66. Bitcoin broke below the $66,000 to $67,000 zone that Gareth Soloway of Verified Investing flagged after $75,500 gave way, with the next test being whether it sets a lower low.

Odaily Planet Daily News: Strategy Executive Chairman Michael Saylor proposed on the Q3 earnings call a $10 billion to $30 billion digital credit financing capacity tied to the current balance sheet. The plan would not involve issuing additional common shares or depend on further Bitcoin price gains. The $30 billion figure is a capacity ceiling, not an immediate fundraising target. CEO Phong Le said Strategy will mainly acquire Bitcoin in the future by issuing preferred securities, especially perpetual preferred shares STRC. These instruments carry no fixed maturity and no voting rights, pay fixed dividends, and rank ahead of common shares in liquidation. STRC is designed with a double-digit yield. As of October 25, 2026, Strategy held 848,517 Bitcoin, up 26% year to date. Its U.S. dollar-denominated assets totaled about $5.07 billion, enough to cover preferred dividends and debt interest for roughly 3.4 years. Strategy posted Q3 net profit of $19.53 billion, driven mainly by $20.91 billion in digital asset gains. The company has $16 billion in outstanding digital credit securities, spread across 10 listed instruments. Strategy divides its capital into three layers: digital capital in Bitcoin, digital equity in common shares, and digital credit in preferred instruments. It is reducing reliance on ATM issuances and convertible bonds.