## Market Overview

**Dow Jones futures** are set to open Sunday evening, alongside S&P 500 and Nasdaq futures. **Bitcoin**, often viewed as a potential weak link in the market, experienced a notable rebound over the weekend, rising toward $87,000 after hitting seven-month lows below $81,000 early Friday.

This past week, the stock market faced significant losses, with major indexes breaking below key levels despite strong earnings from **Nvidia (NVDA)**. A Friday bounce, fueled by renewed Fed rate cut hopes and potential Nvidia chip sales to China, faded in the final 90 minutes of trading. Growth stocks, in particular, suffered major damage, and Bitcoin saw a sharp decline.

## Key Stock Movements

- **Apple (AAPL)**, **RTX (RTX)**, and **Medpace (MEDP)** have all formed bullish tight patterns, indicating potential breakout opportunities.
- **Eli Lilly (LLY)** made history by reaching a **$1 trillion market cap**, becoming the first healthcare company to join this elite club. The stock is featured on multiple IBD lists, including Leaderboard and IBD 50.
- **Nvidia stock** fell 5.9% for the week, breaking below its 50-day moving average and a flat-base buy point. However, reports of potential eased restrictions on AI chip exports to China provided some support.

## Bitcoin's Impact

Bitcoin plunged 10.3% last week, hitting a seven-month low of $80,587.89. Some analysts suggest that forced selling in Bitcoin may have contributed to broader market woes, especially affecting high-beta and speculative growth assets. The weekend rebound offers a glimmer of hope, but the overall market remains in a "risk off" mindset.

## ETF Performance

Several growth ETFs struggled last week:
- Innovator IBD 50 ETF (FFTY) slumped 3.3%.
- iShares Expanded Tech-Software Sector ETF (IGV) dived 6.1%.
- VanEck Vectors Semiconductor ETF (SMH) plunged 5.5%, with Nvidia as its top holding.

Defensive sectors like healthcare showed relative strength, with the Health Care Select Sector SPDR Fund (XLV) advancing 1.3%, largely driven by Eli Lilly.

## Investor Strategy

Given the market's recent volatility, investors are advised to adopt a defensive stance. Exposure should be minimal, with a focus on resilient stocks showing relative strength. While Friday's bounce was encouraging, it may not signal a sustained rally. Key indicators to watch include the Nasdaq and S&P 500 reclaiming their 50-day and 21-day moving averages, and the potential for a follow-through day to confirm a new uptrend.

Keep working on watchlists and prioritize stocks holding key levels, as they may lead the next market rally—or be the next to break.

Dow Jones futures loom as bitcoin, a possible catalyst for stock market woes, rebounded over the weekend. Watch Nvidia, Apple and Eli Lilly.

Bitcoin's Weekend Rebound Sparks Hope Amid Stock Market Turmoil: What's Next for Nvidia, Apple, and Eli Lilly?

Grayscale Investments is set to list **spot ETFs** for **Dogecoin** and **XRP** on the **NYSE Arca** on **November 24, 2025**, providing a new avenue for everyday investors to purchase these cryptocurrencies through standard brokerages.

## Grayscale Moves To List Dogecoin And XRP

Exchange notices and regulatory filings confirm that the funds will trade under the tickers **GDOG** for Dogecoin and **GXRP** for XRP. This transition converts Grayscale's existing private-placement trusts into publicly traded products, with approvals filed with the **US Securities and Exchange Commission**.

This development offers spot exposure to two widely followed, albeit smaller, cryptocurrencies in a mainstream format, enabling access without the need for direct wallet or private key management.

> Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think

![Chart showing derivatives volume surge](https://www.newsbtc.com/wp-content/uploads/2025/11/a_833271.png?resize=1024%2C859)

## Market Activity Up Ahead Of Launch

Trading activity in related derivatives has surged in anticipation of the launch. **Dogecoin derivatives volume** increased by over **30%** to approximately **$7.22 billion**, while **XRP derivatives** saw a **51% jump** to around **$12.74 billion**, indicating traders are positioning for potential price movements.

Spot ETFs do not guarantee higher prices but expand the investor base to include brokers, retirement plans, and funds that typically avoid direct crypto custody, potentially enhancing liquidity. However, this launch occurs amid a roughly six-week downturn in the overall crypto market.

<iframe src="https://www.tradingview.com/x/4g9RPsAH/" width="2048" height="985"></iframe>

DOGE market cap currently at $21.4 billion. Chart: TradingView

### Questions Remain Over Demand And Flows

Investor appetite will be influenced by factors such as **product fees**, **custody details**, and the conversion process from trusts to ETF shares. Historical crypto ETF launches have shown varied early flows, with prices impacted by subsequent inflows and outflows.

Analysts and investors will monitor initial trading days for indicators like **high volume** and **tight spreads** to gauge demand. Speculative trading in derivatives may also provide insights into market sentiment.

The simultaneous listing of GDOG and GXRP represents a significant advancement for mainstream crypto products, structured as spot ETFs holding underlying tokens via custodians, simplifying access for a broader investor audience despite inherent price risks.

Grayscale Investments will list spot ETFs for Dogecoin and XRP on the NYSE Arca on November 24, 2025, offering a new way for everyday investors to buy

Dogecoin and XRP Go Mainstream: Grayscale ETFs Launch on Wall Street This November!

Recent on-chain data reveals that investors have been excessively betting on Bitcoin's price in recent weeks, contributing to its ongoing struggles.

### **Longs Vs Shorts Imbalance — How This Induced Price Crash**

In a November 22 post on X, Alphractal CEO and founder Joao Wedson [revealed](https://x.com/joao_wedson/status/1992263836955447788?s=20) the underlying dynamics behind Bitcoin's recent unchecked fall. He analyzed the **Estimated Long/Short Positions metric**, which estimates how much of the Open Interest across exchanges is dedicated to long positions relative to short positions.

Wedson reported that across 19 exchanges, there are about **71,000 BTC in long positions**, while only **27,900 BTC are in short positions**. This discrepancy is unusually large, even without data from the Chicago Mercantile Exchange (CME).

This imbalance is significant because when there are clusters of long positions at similar price levels, the market becomes more fragile. Moderate pullbacks beneath these clusters can trigger a cascade of forced liquidations, known as a **long squeeze**, which pushes prices further down.

![Bitcoin](https://pbs.twimg.com/media/G6XwMl_WEAEZqtd?format=jpg&name=large)
*Source: @joao_wedson on X*

Notably, Wedson pointed out that traders initially believed **$100,000 was Bitcoin's price bottom**, but this speculation failed. Then, **$90,000** became the focus, leading to another series of liquidations. Currently, **$84,000** is seen as the new price bottom by many speculative traders.

These liquidation events after the breaches of $100,000 and $90,000 supports provided more buy-side liquidity for Bitcoin's price to fall. Simultaneously, most significant short positions have been closed, making a defined price recovery difficult due to a lack of sell-side liquidity to push prices higher.

For Bitcoin to recover, Wedson explained that there needs to be a **significant decrease in long positioning** and an **increase in short exposure**.

### **Watch Out For $81,250 — Analyst**

In another post on X, technical analyst Ali Martinez [noted](https://x.com/ali_charts/status/1992314891567546445?s=20) that Bitcoin's **2-year moving average**, approximately **$81,250**, is a critical level for its future trajectory.

The analyst explained that historical failures of the 730-day SMA have often marked the beginnings of **bear markets**. If Bitcoin's price falls below this 2-year average, it could signal the start of a long bearish cycle.

As of press time, Bitcoin is valued at **$86,251**, reflecting an over 3% price jump in the past 24 hours.

![Bitcoin](https://www.tradingview.com/x/JDfx6EJW/)
*The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView*

The latest on-chain data shows investors have been excessively betting on the Bitcoin price in recent weeks, leading to its struggles.

Today Bitcoin Articles Digested