Biturai Daily Market Brief

Institutional Integration and Market Signals

Three key takeaways

Bitget launches an Open Custody Network (OCN) to better integrate institutional players into the crypto market through segregated custody and trading.

Bitcoin may be nearing the end of its 396-day bear market cycle, with a milder drawdown than previous cycles and institutional accumulation.

Short-term Bitcoin holders saw a significant decline in profitable sales by the end of October, suggesting a potential capitulation phase.

Bitget launches an Open Custody Network, while Bitcoin analysis suggests a bear market cycle may be nearing its end.

Institutional Integration and Market Signals
Thursday, November 5, 20268 story pages
Read daily context

Daily context

The crypto market shows mixed signals on November 5, 2026. Bitcoin is trading at $78,026, with a slight gain over 24 hours but a decline over seven days. Ethereum shows similar movements. The total market capitalization has slightly decreased, while the Fear & Greed Index continues to signal "Fear." However, positive funding rates for BTC and ETH suggest a slight bullish bias in perpetual futures markets, indicating sustained investor interest.

Why this matters for this issue

Current market movements reveal a blend of institutional development and on-chain signals. Keep an eye on institutional integration developments and holder behavior patterns, as these can influence market sentiment and liquidity. Be aware that large token transfers, such as those by Trump Media, can introduce increased volatility, even if the intent remains unclear. Confirmation of the bear market cycle's end requires Bitcoin to hold key price levels.

Market pulse

compact

BTC

$78K

+1.69% 24h / -3.57% 7d

ETH

$2.3K

+2.06% 24h / -2.33% 7d

Total Market Cap

$2.6T

-0.71% 24h

24h Volume

$74.2B

Global crypto volume

BTC Dominance

59.37%

Rotation filter

Fear & Greed

34

Fear

Stories

What matters in this issue

Every item now opens its own story page with summary, context, market data, and sources in one place.

Market StructureTop story

Bitget Launches Open Custody Network to Redefine Asset Custody

Bitget has announced the launch of its Open Custody Network (OCN), aiming to connect professional financial institutions with Bitget’s trading infrastructure. This network separates asset custody from trading to address institutional concerns and optimize capital utilization.

  • Bitget launches Open Custody Network (OCN) for institutional clients.
  • OCN separates asset custody from trading services.
  • Aims to integrate traditional financial institutions and increase liquidity.
Open story
Sentiment
BTC

Bitcoin Bear Market Cycle Nearing End After 396 Days

According to CryptoBoost founder, the current Bitcoin bear market, which began on October 6, 2025, has lasted 396 days, slightly longer than the historical average. The approximately 53% pullback is milder than in previous cycles, suggesting a more resilient market structure.

Open story
Market Breadth
BTC

Glassnode: Decline in Profitable Sales by Short-Term Bitcoin Holders

Glassnode reported on November 4, 2026, that the percentage of tracked tokens where short-term holders sold at a profit decreased to approximately 12% by the end of October, down from around 80% at the end of September. This suggests increased selling pressure at a loss, which can sometimes precede a market bottom.

Open story

Data anchor

Only the market data that explains this issue

The brief shows only the data context behind this issue's stories. The full live overview stays in Markets.

Open markets

Bitcoin

$78,026

#1

1h

+0.28%

24h

+1.69%

7d

-3.57%

Market cap: $1.6T

24h volume: $30.1B

Ethereum

$2,299

#2

1h

+0.12%

24h

+2.06%

7d

-2.33%

Market cap: $280.9B

24h volume: $10.3B

Global market

Total Market Cap

$2.6T

-0.71% 24h

24h Volume

$74.2B

Global crypto volume

BTC Dominance

59.37%

Rotation filter

ETH Dominance

10.63%

Altcoin participation

Sentiment & flows

Fear & Greed

34

Fear

Derivatives, leverage & liquidations

BTC Funding

+0.0080%

20 perp markets · Open Interest $53.6B

BTC Open Interest

$53.6B

24h volume $92.2B · basis +0.039%

ETH Funding

+0.0036%

20 perp markets · Open Interest $36.1B

BTC Aggregate OI

$66B

CoinGecko aggregate · funding +0.0073%

ETH Aggregate OI

$43.2B

CoinGecko aggregate · funding +0.0036%

Data notes

  • Market data includes spot prices, market cap, volume, global dominance, trending coins, and category data.
  • CoinGecko aggregate perpetual snapshots enrich funding and open-interest context; account positioning stays unavailable.
  • Fear & Greed appears from Alternative.me.
  • Date-verified ETF flow data was unavailable for this run.
  • Liquidation context is omitted while no approved aggregate source is available.

Newsletter cut

Biturai Daily: Institutional Bridges and Bitcoin's Bear Market Analysis

Bitget launches Open Custody Network, Bitcoin bear market nears end, and Trump Media transfers BTC.

In this issue, we highlight key developments impacting institutional adoption and market structure. We also analyze recent on-chain data that provides insight into the current phase of the Bitcoin market.

This Market Brief is information and market analysis, not financial advice, investment advice, or a return promise.

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