Red November, Green 2026?

Bitcoin's red November may help create a strong buying opportunity heading into 2026.

Danielle du Toit
November 28, 2025

Here's what we've got for you today:

Bitcoin is set to close November with its steepest monthly loss since 2019, but analysts say this may create a strong buying opportunity heading into 2026.

Bitcoin is on track for its worst November loss since 2019, falling by close to 16.9%.
Analysts say the drawdown is just market capitulation, which clears out overleveraged traders and weak projects.
Experts like LVRG’s Nick Ruck believe this sets up a strong start to 2026, as smart investors may begin buying back in.

JPMorgan’s upcoming Bitcoin-backed structured note caused backlash from the BTC community.

JPMorgan is planning a Bitcoin-backed structured note for December 2025, offering 1.5x leveraged exposure to BTC through 2028.
Bitcoin supporters say the product is designed to compete with — and potentially undermine — companies that hold Bitcoin directly on their balance sheets, including Strategy.
Critics argue JPMorgan is copying Michael Saylor’s corporate-treasury playbook while also using Wall Street influence to pressure BTC-heavy firms and gain strategic advantage.

Bhutan staked 320 ETH through Figment to help accelerate its shift toward Ethereum.

Bhutan staked 320 ETH (worth about $970,000) through Figment, to help further expansion of its state-run crypto holdings and validator activity.
The move aligns with Bhutan’s Ethereum push, including migrating its national digital ID system from Polygon to Ethereum.
The initiative was mentioned by Ethereum Foundation president Aya Miyaguchi at a launch event attended by Vitalik Buterin and Bhutan’s prime minister.

South Korean authorities suspect North Korea’s Lazarus Group in the $30.4 million Upbit hack.

North Korea’s Lazarus Group is suspected of stealing roughly 44.5 billion won ($30.4 million) in crypto from Upbit after abnormal Solana-based withdrawals were detected.
South Korean authorities are preparing an on-site inspection due to strong indications that the attack mirrors Lazarus’ methods from Upbit’s 2019 breach.
Upbit initially estimated losses at 54 billion won but later revised the figure downward.

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