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Bitcoin price nears key $91K–$97K support zone

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The post Bitcoin price nears key $91K-$97K support zone appeared com. Bitcoin price is cooling after its October peak, and the market is now watching whether buyers will defend the key $91, 000-$97, 000 support zone. Summary Bitcoin is easing lower after a strong October peak, now trading near key support levels. On-chain metrics show a potential test of the $91K-$97K “profit floor,” where buyers have repeatedly stepped in this cycle. Trend remains intact, but momentum has softened. Bitcoin is trading near $102,292, down 1. 3% over the past day. The market has softened over the week, now down about 7% in seven days and roughly 16% over the past month. The price currently sits about 18% below the record high of $126,080 reached in early October. With a spot volume of about $69. 5 billion over the last 24 hours, up 14. 8% from the day before, trading activity has somewhat increased. In futures, total trading volume rose 8% to $107. 5 billion, and open interest increased 1. 4% to $69. 6 billion. When open interest rises while price slips, it usually means traders are adding positions rather than stepping away, which can extend the current trend. MVRV shows cooling momentum, not a full reversal A Nov. 6 analysis from CryptoQuant contributor Sunny Mom highlights a developing divergence in the Bitcoin’s (BTC) MVRV ratio, which tracks unrealized profit across the network. The MVRV ratio has continuously found support in the range of 1. 7 to 1. 8 during this cycle. Since early 2024, that area has served as the market’s “profit floor.” Usually, the market stabilizes after selling pressure subsides. If price and sentiment were to retest that region, it would align closely with the $91, 800-$97, 200 price area. Technical weight is added by the fact that the range also overlaps with a sizable, unfilled CME gap close to $92,000. Although prices increased earlier in the cycle, unrealized profit margins have.

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$5M bet lifts 1INCH 29% – Will bulls hold the $0.20 line?

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The post $5M bet lifts 1INCH 29% Will bulls hold the $0. 20 line? appeared com. Key Takeaways Why is 1INCH up today? The price of 1INCH rose due to team purchases, network activity, and whale orders. Will the breakout hold? The altcoin could maintain the bullish momentum only if it managed to stay above the $0. 20 level. The price action of 1inch [1INCH] rose by more than 29% since the team bought from Binance. However, at the time of writing, the gains had decreased to 17% following an immediate rejection at the level above $0. 20. The team’s buy was not the only driver of this surge; network activity also played a part. Key catalysts in the trend As per data from Arkham, the 1INCH team investment fund splashed $5 million on Binance to go long on the token. The buy was executed at $0. 15, thus pushing the price back above $0. 20, which represented an uptick of 29%. The organization has consistently made similar investments, as historical data indicates that their actions influenced the price increase from $0. 24 to $0. 53 late last year. Whether the buy volume can continue driving prices higher remains uncertain. Additionally, a spike in transaction counts in the past day fueled the altcoin’s surge. Transactions rose from 1K to 4. 8K, indicating strong network activity. All these correlated directly with price action delivery, which was to the upside. What’s needed for the price? On the charts, 1INCH price reversed from $0. 15 and broke above $0. 20, but this trajectory did not last. Despite this, the MACD maintained its bullish outlook. The Money Flow Index (MFI) traded above 82 as of writing. The two indicators suggested that buyers were dominant, although the size of the displayed bars indicated.

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Google to add Kalshi and Polymarket prediction market data

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The post Google to add Kalshi and Polymarket prediction market data appeared com. Google is preparing to bring real-time prediction market data directly into its finance products. Summary Google is adding prediction market forecasts into search and finance. Data will come from Kalshi and Polymarket. This makes crowd-based expectations easier to check. This new feature will open a new way for users to check crowd-driven forecasts on economic and political events. The update was announced on Nov. 6 by Google Finance, with data from Kalshi and Polymarket set to appear in Google Finance and Google Search for Labs users over the coming weeks. How it works in Google Search and Finance Users will be able to type natural questions such as “Will the Fed cut rates in December?” or “What is the expected GDP growth for 2025?” and see live probabilities pulled from Kalshi and Polymarket. The interface will also show how the odds have shifted over time, similar to a price chart, giving a sense of how expectations have changed. Kalshi supplies regulated U. S. event markets tied to things like inflation reports and policy decisions. Polymarket, which also runs on blockchain rails, covers a much wider range of global topics, from politics to sports to crypto prices. Both have seen rising activity this year, with more traders using prediction markets to track future outcomes rather than relying only on polls or analysts. This update is part of a larger refresh of Google Finance, which is adding AI-driven search tools and real-time corporate earnings summaries. The goal is to make future expectations easier to explore, not just current or past prices. Why this could matter for everyday users Prediction markets work because participants have money on the line, which tends to produce tighter and faster feedback compared to opinion surveys. By placing these numbers inside Google’s search results, more people will encounter them.

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