Affmiss On-Chain Daily — Bitcoin Market Insights (November 11, 2025)
Affmiss On-Chain Daily is your trusted daily source for Bitcoin’s network signals. Today’s report highlights a shift toward whale distribution, Stablecoin Supply Ratio at cycle lows, and rising long-term holder spending while mid-sized entities continue to accumulate.
Table of Contents
- Affmiss On-Chain Daily Market Overview
- Accumulation Trend — Whales Ease Off (Affmiss On-Chain Daily Insight)
- Liquidation Zones — Affmiss On-Chain Daily
- Stablecoin Supply Ratio (SSR) — Affmiss On-Chain Daily Indicator
- Options OI (Deribit) — Affmiss On-Chain Daily Report
- Short-Term Holders — Affmiss On-Chain Daily
- Long-Term Holders — Affmiss On-Chain Daily Analysis
- Fish→Shark Cohorts — Affmiss On-Chain Daily Update
- Key Levels & Outlook — Affmiss On-Chain Daily Summary
Affmiss On-Chain Daily Market Overview
Bitcoin trades near $106,000, below the October local high above $120k. Price action sits in a consolidation band while liquidity pockets cluster at $111.5k on the short side and $74.5k–$91.5k on the long side. The balance of evidence from today’s Affmiss On-Chain Daily suggests a mid-cycle cool-down rather than a macro top.
Accumulation Trend — Whales Ease Off (Affmiss On-Chain Daily Insight)
The Accumulation Trend Score has faded from August–September highs toward a neutral-to-weak band (~0.2–0.3). Wallets of 10–100 BTC and above show reduced net adds, while 1–10 BTC cohorts continue light DCA. This classic hand-off from whales to smaller entities often accompanies mid-cycle consolidations captured by Affmiss On-Chain Daily.
Liquidation Zones Reveal Volatility Triggers — Affmiss On-Chain Daily
Largest short liquidations sit at $111,500 (≈1,263 BTC) and $143,500; largest long liquidations concentrate between $74,500–$91,500. Affmiss On-Chain Daily interprets this symmetry as range compression risk before a directional move: a push above $111k could squeeze higher toward $120k, while a break below $95k exposes deeper long liquidations.
Stablecoin Supply Ratio (SSR) Drops — Affmiss On-Chain Daily Indicator
The SSR Oscillator prints its lowest reading since early 2024, implying weaker stablecoin buying power relative to BTC. Exchange balances show an aggregate ~$68.7B in stables (USDT ≈ $58.6B; USDC ≈ $9.9B). In today’s Affmiss On-Chain Daily, this translates to limited immediate upside unless fresh stablecoin inflows appear.
Options OI (Deribit) and Market Positioning — Affmiss On-Chain Daily Report
For the 11 Nov expiry, Open Interest shows a heavy put wall at $100k (~722 BTC) and stacked calls at $106k–$111k. The Affmiss On-Chain Daily base case is pin risk around $100k–105k; a break above $111k can accelerate toward $120k via option-driven flows.
Short-Term Holders Show Weak Confidence (Affmiss On-Chain Daily)
The Short-Term Holder Confidence Index slips below neutral as the STH spending cost basis rises above price, leaving newer entrants in unrealized loss. According to Affmiss On-Chain Daily, STHs are net distributors into weakness, aligning with the drop in accumulation scores.
Long-Term Holders Start Selling — Affmiss On-Chain Daily Analysis
LTH Binary Spending Indicator spikes and LTH supply declines from ~14.7M BTC to ~14.4M BTC. Affmiss On-Chain Daily reads this as controlled profit-taking typical of mid-cycle resets rather than capitulation.
Mid-Level Entities Accumulate — Affmiss On-Chain Daily Cohort Update
Fish→Shark cohorts (10–1k BTC) keep adding and now hold ~6.9M BTC. This divergence versus whales often supports the mid-cycle consolidation narrative that Affmiss On-Chain Daily has tracked since late Q3.
Key Levels & Outlook — Affmiss On-Chain Daily Summary
| Level | Type | Why it matters |
|---|---|---|
| $111,500 | Short squeeze trigger | Largest short liq cluster; break → momentum to $120k |
| $105,000–$100,000 | Options pin | Dealer gamma likely keeps price contained into settlement |
| $95,000 | Risk line | Below here opens downside into $91.5k / $74.5k long liq zones |
Accumulation Weak
SSR Low
LTH Selling
Mid Cohorts Buying
Internal Resources
That wraps up today’s Affmiss On-Chain Daily. Bookmark this feed for tomorrow’s update.
Disclaimer: Educational content only. Not financial advice. Crypto trading involves substantial risk.