the state of crypto markets at 6am - reigniting upward momentum

as of 6:00 AM on November 10, 2025, the global cryptocurrency markets are once again showing strong upward momentum. bitcoin is up 1.80% from the previous day at $152.28 million on Upbit, while Ethereum is up a strong 4.71% at $5.31 million. the strength of the global market is also evident on Binance Futures, where Bitcoin is up 2.46% to $104,599.

buy Recommendation Score Analysis Table

timeframe score trend key Drivers 05:36 1.95 positive cardano long-term favorable, offsetting ETF outflows 04:33 1.27 neutral-Positive bitcoin $250k outlook vs whales absent 03:35 1.26 neutral-Bullish satoshi Emails Resurface, Dogecoin Bullish 02:31 -0.06 neutral bullish vs ETF net outflows 00:33 -4.07 strong sell-off dogecoin Whale Outflows

we can see that market sentiment is improving as the buy recommendation score has moved from negative territory to positive over the last 6 hours, with a modest positive signal of 1.95 as of 5:36am.

market analysis by major coins

bitcoin BTC - Attempting to break through psychological resistance

on Upbit, Bitcoin traded at $155.28 million, with a trading volume of $98.8 billion. the kimchi premium, calculated through the price difference with Binance, is around 6.7%, indicating a stronger buying sentiment among domestic investors than overseas.

from a technical analysis perspective, Bitcoin is currently at a critical stage. while it continues its uptrend with steady support at the $104,000 level, the need to recover $110,000, which has been mentioned in some news, is a key challenge to enter the next bullish phase.

The RSI indicator is currently estimated to be forming in the 60-65 range, which indicates a healthy rise before entering the overbought zone. The MACD remains above the golden cross, supporting the upward momentum.

ethereum ETH - Leading a strong rebound

ethereum surged 4.71% to $5.31 on Upbit, with a massive trading volume of $3.162 trillion. it was also the strongest performer in global markets, rising 5.37% on Binance. the kimchi premium of 7.3% was the highest among the major coins, indicating a strong appetite for Ethereum among domestic investors.

the uptrend has been accompanied by strong volatility, testing the top of the Bollinger Bands, and the moving averages are also technically positive, with the short-term, medium-term, and long-term lines all maintaining a bullish arrangement.

solana SOL - Continued strong growth

solana is up 4.07% to KRW 245,300 on Upbit, with a trading volume of KRW 3.39 trillion. on Binance, it is up 4.90% to $165.43, with a 7.1% kimchi premium. Recent ecosystem expansion and increased NFT trading volume are supporting the price gains.

on-chain analytics - Internal market trends

leveraged Position Liquidations

in the last 24 hours, $53.56 million in leveraged positions were liquidated, of which short positions accounted for 74.9%, indicating that short sellers took losses as the market rallied stronger than expected. this short squeeze could act as further upside momentum.

ETF Fund Flow Analysis

while there were net outflows of $5.58 billion from Bitcoin ETFs, the Solana fund continues to see net inflows. this suggests that institutional investors are taking profits on Bitcoin while also keeping an eye on the potential for growth in the altcoin market.

monitoring whale activity

we observed some large investors taking profits, with 3 billion DOGE outflowing from Dogecoin whale wallets, while the 'Satoshi era' whale sold 11,000 BTC after 15 years, which is interpreted as some liquidation by long-term holders.

investor sentiment and derivatives market analysis

crypto Fear & Greed Index (CFGI)

currently, the market appears to be transitioning from neutral to greedy. with Bitcoin holding steady at $100,000 and major altcoins showing strong gains, investor sentiment is shifting positively.

funding Rate Analysis

the funding rate in the futures market is currently positive, indicating a dominance of long positions. however, we do not observe excessive long overheating, suggesting that short-term corrective pressure is likely to be limited. the 74.9% closure of short positions in the last 24 hours indicates that the market is tilting to the upside.

options Open Interest and Put/Call Ratio

in the options market, we are seeing an increase in call buying and a decrease in the put/call ratio, indicating that investors are anticipating further gains in the future.

analyzing the key positives and negatives

positive factors

increasinginstitutional investment: Publicly traded digital asset holdings are approaching $58 trillion, with Bitcoin and Ethereum being the focus of intensive buying. michael Saylor hinted at further buying, while Stridge announced a 640,000 Bitcoin holding.

price outlook uptick: JPMorgan issued an undervalued opinion on Bitcoin relative to gold with a $170,000 price target, while Kiyosaki issued a $250,000 Bitcoin and $60,000 Ethereum outlook.

ecosystem advancement: cardano founder Charles Hoskinson referred to 2026 as the "year of the beast," with RealFi as a key keyword.

negative factors

ETF outflows: A net outflow of $2 billion from Bitcoin ETFs created short-term selling pressure.

whale selling: Some large investors are seen taking profits, which could lead to more short-term volatility.

newly listed coin slump: Investor losses are intensifying, with some newly listed coins plunging as much as 80%, which could adversely affect market-wide confidence.

future outlook and investment strategy

short-term outlook (1-2 weeks)

bitcoin is expected to attempt a breakout above $110,000 with support at $100,000. ethereum could target the $5.6 million mark on the back of strong bullish momentum. however, caution is warranted as net ETF outflows and whale selling could increase near-term volatility.

medium-term outlook (1-3 months)

the uptrend is likely to continue as institutional investments expand and the regulatory environment continues to improve. In particular, discussions of institutionalizing a Bitcoin ETF are gaining momentum, which is expected to attract further inflows.

investment strategies

split Buy: a split-buy strategy on a 10% correction is valid at this point, rather than a lump sum purchase.

selectively invest in altcoins: Pay attention to coins with growing real-world use cases, such as Ethereum and Solana.

risk management: It is safe to avoid using leverage and limit high-risk assets to no more than 20% of your portfolio.

conclusion

in the early hours of November 10, 2025, the crypto market continues to be positive, led by Bitcoin's $150 million milestone and Ethereum's strength. market sentiment is improving, with buy recommendation scores turning from negative to positive, and rising institutional investment and a favorable price outlook are supporting gains. however, ETF outflows and some whale selling could be a source of near-term volatility, and a cautious approach is warranted.