Bitcoin slips 0.55% as India clarifies regulations, large investors take short positions, and ETF filings increase
- India's High Court recognizes Bitcoin as legal property, granting ownership rights and enhancing exchange accountability. - Tether boosts BTC holdings by 961 BTC ($97.18M), now holding 87,296 BTC ($8.84B) as part of its profit allocation strategy. - A whale realizes $12.99M profit from BTC shorting, maintaining a $124M position at an average entry price of $111,499. - BTC drops 0.55% in 24 hours amid regulatory clarity in India, while 7-day and 1-month declines highlight market volatility.
As of NOV 7 2025,
India Officially Recognizes Bitcoin as Property in Historic Decision
The High Court in India has officially classified
Tether Expands BTC Portfolio Despite Market Decline
Tether has bolstered its Bitcoin reserves by acquiring an extra 961 BTC, worth $97.18 million, from its Bitfinex reserve account. This purchase aligns with Tether’s ongoing policy of investing 15% of its profits into Bitcoin since 2023. With this addition, Tether’s total BTC holdings have reached 87,296 BTC, valued at $8.84 billion, positioning it as the sixth-largest Bitcoin holder worldwide. The average acquisition price per BTC is $49,121, resulting in an unrealized gain of about $4.55 billion.
Whale Continues BTC Shorting Streak, Nets $12.99M Profit
Blockchain analysis indicates that a major whale has persisted in shorting BTC, securing $12.99 million in profit on November 7. This entity, active in shorting since March 2025, increased its short position between October 24 and 28, now holding 1,231.98 BTC in shorts valued at $124 million. The whale’s average entry price is $111,499.3.
Backtesting Analysis
Recent price fluctuations in Bitcoin, including short-term swings and institutional moves, highlight the importance of a comprehensive backtesting approach to assess the effectiveness of different trading signals. For instance, whale activity and Tether’s accumulation trends could be analyzed to determine if they align with broader market movements or provide predictive insight into price changes. A robust backtesting system should utilize historical price data corresponding to BTC’s trading patterns over the last 7 to 30 days, referencing ticker symbols such as “BINANCE:BTCUSDT” or “COINBASE:BTCUSD” to maintain data reliability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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