ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস

Crypto market faces turbulence: November's outflows and adjustments signal new phase

According to a report by Binance Research, the cryptocurrency market is entering a new phase amid a decline in the dominance of major assets and deteriorating investor sentiment. In November, Bitcoin's share of the total market capitalization fell to 58.7%, while Ethereum's share dropped to 11.6%. This shift was influenced by the correction in stocks of companies related to artificial intelligence and ongoing uncertainty regarding the timeline for Federal Reserve interest rate cuts.

Additional pressure came from spot Bitcoin ETFs, which experienced the largest outflow of funds since their launch at the beginning of the year—nearly $3.5 billion in November. According to Binance Research, net outflows exceeded $1 billion for several consecutive weeks. Ethereum saw a decline of 21.3% in November due to the overall market correction and profit-taking by investors ahead of the upcoming Ethereum network upgrade, Fusaka.

Analysts warn that December traditionally features lower liquidity, which could amplify volatility. Following aggressive profit-taking in November, a short-term technical rebound in Bitcoin and Ethereum might be possible. However, the market remains sensitive to macroeconomic signals.

In the longer term, analysts identify the development of exchange-traded funds and gradual interest rate cuts in the US as key drivers of growth. According to Binance Research, the decentralized finance and NFT segments may undergo a phase of cleansing in 2026, during which the resilience of business models will become critically important. Companies holding cryptocurrencies on their balance sheets will face a kind of stress test regarding their adaptability.

Previously, analysts at Coinbase also indicated that the market could move towards a recovery phase and continue to grow as early as the first quarter of 2026. For now, however, the crypto market appears to be pausing. According to Binance, it is acclimating to a new phase where patience becomes a strategy once again.

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