Bitcoin Risk Rises: Hindenburg Omen and Whale Selloffs

Bitcoin

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  • Hindenburg Omen signals heightened risk for Bitcoin and crypto markets.
  • Whales have offloaded hundreds of thousands of BTC and ETH, increasing selling pressure.
  • Supreme Court tariff decisions could indirectly impact crypto volatility.

November starts with uncertainty as Bitcoin and crypto markets face multiple pressures. After a rare monthly drop last October, concerns of a broader crypto market crash are rising. From technical indicators flashing warnings to massive whale selloffs, investors are closely watching the market for signs of recovery—or further decline.

Hindenburg Omen Sparks Market Alarm

The Hindenburg Omen, a rare technical indicator historically linked to major market crashes, has triggered for the second time recently. Experts warn that clusters of such signals tend to carry more weight, suggesting heightened risk for Bitcoin and other cryptocurrencies.

Hindenburg Omen Signals
Hindenburg Omen Signals. Source: Tom McClellan

The indicator’s timing aligns with declining tech stock prices, outflows from spot Bitcoin and Ethereum ETFs, and a dip in market sentiment. Traders are cautious, noting that the crypto market often moves in tandem with broader stock markets, raising the possibility of amplified volatility in November.

Supreme Court Tariffs Decision Adds Pressure

Global markets are also awaiting the U.S. Supreme Court’s ruling on Trump-era tariffs. Investors worry the outcome could disrupt trade strategies and impact crypto indirectly. A recent reduction in China tariffs briefly buoyed Bitcoin and other cryptocurrencies, showing how macroeconomic decisions still influence digital assets.

President Trump framed the tariff case as one of the most significant in history, keeping market attention on the potential fallout. Any adverse ruling could further rattle investor confidence and deepen ongoing crypto market volatility.

Whales Sell, Market Liquidity Shifts

On-chain data reveals large Bitcoin and Ethereum holders—so-called whales—are selling significant portions of their holdings. Over the past month, long-term Bitcoin holders offloaded roughly 405,000 BTC. Ethereum whales have also deposited thousands of ETH to exchanges, realizing substantial profits.

Also Read: Bitcoin Post-100K Era: How Institutional Demand is Stabilizing BTC

These selloffs coincide with nearly $450 million in crypto liquidations within 24 hours, fueling fears of a market downturn. Analysts like 10x Research predict Bitcoin could fall below $107,000, citing thinning demand, AI-driven miner economics, and a weakening Ethereum market. While some see this as a natural correction, market psychology may shift if selling pressure continues.

November begins with heightened uncertainty for crypto investors. From the Hindenburg Omen warning to whale-driven selloffs and macroeconomic pressures, Bitcoin and the broader crypto market face significant risks. Investors are advised to stay vigilant, manage exposure, and monitor market signals closely as the month unfolds.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.