Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee because of how whales are splitting. Institutions are quietly loading up, and Tom Lee’s BitMine is moving faster than anyone as a major on-chain pattern breaks. With Ethereum (ETH) stuck in the $3,100 range, and volatility spiking across the market, a new battle line is forming between panic sellers and high-conviction buyers.

Crypto News of the Day: BitMine Buys 9,176 ETH From Galaxy Digital OTC

Ethereum’s biggest players are suddenly split, and Tom Lee’s BitMine is moving faster than anyone. As ETH hovers near $3,100 with mixed technical signals, whales are either panic-selling at breakeven or doubling down with record-size buys. BitMine has firmly chosen its side.

Despite a sharp market downturn, BitMine continues to accumulate at scale. On-chain data from Lookonchain shows a new BitMine-linked wallet, 0x9973, receiving 9,176 ETH, valued at $29.14 million, directly from a Galaxy Digital OTC wallet.

“Despite the market downturn, Tom Lee’s Bitmine is still buying $ETH,” Lookonchain reported, highlighting Lee’s aggressive strategy.

This follows earlier activity confirming a total accumulation of 19,500 ETH in BitMine, positioning the firm among the most active institutional buyers in November.

🚨 BREAKING

WHALES AND INSTITUTIONS ARE BUYING THE DIP!

SATOSHI WHALE BOUGHT 420,000 $ETH
FIDELITY BOUGHT 2,000 $BTC
STRATEGY BOUGHT 17,600 $BTC
BITMINE BOUGHT 19,500 $ETH
ANCHORAGE DIGITAL BOUGHT 4,000 $BTC

CRAZY ACCUMULATION HAPPENING BEHIND THE SCENES RIGHT NOW 🤯 pic.twitter.com/sLAjIyBYKR

— 0xNobler (@CryptoNobler) November 14, 2025

Whales Break Pattern: Some Sell at Breakeven, Others Buy Billions

A closer look at additional on-chain transactions suggests that broader whale activity is fragmented. A long-term holder, wallet 0x0c19, has just sold 2,404 ETH tokens, valued at $7.7 million, which they had held since August 2021. At today’s prices, the whale appears to be exiting at breakeven, signaling fading confidence after years of inactivity.

Meanwhile, a super-whale known as #66kETHBorrow is doing the opposite. They added another 16,937 ETH ($53.9 million), bringing their total to 422,175 ETH ($1.34 billion) in just a few days. Despite sitting on approximately $126 million in unrealized losses, this whale continues to accumulate with conviction.

Update:

Whale #66kETHBorrow just bought another 16,937 $ETH($53.91M)

Total purchases: 422,175 $ETH($1.34B)https://t.co/ULBnjVbQeV pic.twitter.com/KsrYQyRBJ7

— Lookonchain (@lookonchain) November 14, 2025

Machi Brothers Add Leverage Even While Deep in the Red

Traders Machi Big Brother and Machi Small Brother have also doubled down. Both increased their long positions on Hyperliquid:

• Machi Big Brother: 7,400.7 ETH ($23.55 million), liquidation at $3,040
• Machi Small Brother: 5,000 ETH ($15.9 million), liquidation at $2,794

Lookonchain notes that both traders added margin as ETH fell to avoid liquidations, signaling confidence in a rebound despite being heavily underwater.

Tornado Cash Wallet Sparks Richard Heart Speculation

Elsewhere, a Tornado Cash-linked wallet, 0xa13C, sold 4,978 ETH ($16.29 million) at $3,273. On-chain data shows this same entity previously deposited 162,937 ETH, funds associated by analysts with Richard Heart, founder of HEX and PulseChain.

Another wallet, 0xa13C, received 4,978 $ETH ($16.29M) from https://t.co/11PfRBP2j2 and sold it at $3,273 eight hours ago.

Previously, Richard Heart(@RichardHeartWin, founder of HEX, PulseChain, and PulseX) deposited all 162,937 $ETH($619M) he bought at $3,800 last year into… https://t.co/nbrxNGoQX4

— Lookonchain (@lookonchain) November 14, 2025

No confirmation has surfaced, but the sale adds to the narrative of whale divergence.

“Crazy accumulation happening behind the scenes,” DeFi researcher 0xNobler said.

The next major catalyst for Ethereum arrives in December, the Fusaka upgrade. Crypto Rover noted that the smaller Pectra upgrade pushed ETH up 50%, adding weight to expectations for renewed volatility.

The massive $ETH Fusaka upgrade is coming this December.

The smaller Pectra update pushed $ETH up 50%.

Prepare accordingly. pic.twitter.com/RVixSNLEOO

— Crypto Rover (@cryptorover) November 14, 2025

With whales deeply divided and institutions silently accumulating, Ethereum’s next move may hinge on whether BitMine and other large buyers can flip sentiment before December’s upgrade window.

Chart of the Day

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

• UAE’s new law sparks ‘Bitcoin ban’ fears after harsh penalties.
• How Grayscale holds XLM as the price drops more than 50%.
• Democrats and Republicans find rare common ground on Bitcoin, new data shows.
• Analysts liken stress levels to FTX era as crypto liquidations exceed $1.1 billion.
• Circle stock sinks back to IPO Price amid rising insider unlocks and volatility fear.
• Not ETF buzz, nor whales — This group can save Dogecoin (DOGE) price from a breakdown.
• Bitcoin death cross in 48 hours — is this the real bottom or a drop to $70,000?
• Nearly $5 billion in Bitcoin and Ethereum options expire today amid a market on edge.

Crypto Equities Pre-Market Overview

Company	At the Close of November 13	Pre-Market Overview
Strategy (MSTR)	$208.54	$202.41 (-2.94%)
Coinbase (COIN)	$283.14	$274.51 (-3.05%)
Galaxy Digital Holdings (GLXY)	$27.24	$26.06 (-4.33%)
MARA Holdings (MARA)	$12.78	$12.35 (-3.36%)
Riot Platforms (RIOT)	$13.88	$13.30 (-4.18%)
Core Scientific (CORZ)	$15.16	$14.87 (-1.91%)

The post Tom Lee’s BitMine Acts Fast as Ethereum Whale Pattern Breaks | US Crypto News appeared first on BeInCrypto.

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee — this one’s worth sitting with. The once-unshakable link between MicroStrategy’s stock and its Bitcoin fortune is showing cracks. The company that turned corporate balance sheets into crypto vaults now faces a market reckoning as its long-standing Bitcoin premium has vanished. The timing could not be more symbolic.

Crypto News of the Day: MicroStrategy’s Bitcoin Premium Finally Breaks

MicroStrategy’s famed Bitcoin premium, a key symbol of institutional faith in the crypto market, has officially evaporated. This comes five months after the metric was under stress, reported in a mid-May US Crypto News publication.

The company’s market capitalization ($64.54 billion as of this writing) fell below the value of its Bitcoin holdings ($66.15 billion), a first in years for the world’s largest corporate Bitcoin holder.

“Wait, what? MicroStrategy’s total market cap has already fallen below the value of the Bitcoin it holds!? … Now, the premium market for MicroStrategy has truly come to an end,” wrote analyst AB Kuai Dong.

Floating Profits Still Strong For Now As Financing Momentum Slows

Despite the loss of premium, MicroStrategy’s balance sheet remains deeply tied to Bitcoin’s performance. The firm holds 641,692 BTC at an average cost of $74,085 per coin, meaning it still enjoys roughly 39.10% in unrealized gains even if Bitcoin retraces to $102,918, Dong noted in a follow-up post.

MicroStrategy has built its massive Bitcoin position through a unique and aggressive convertible bond financing model.

Unlike Tom Lee’s BitMine Immersion, discussed in the previous US Crypto News, MicroStrategy’s allows the company to acquire Bitcoin without diluting its shareholders.

Investors purchasing these bonds typically accept lower yields in exchange for the potential to convert them into shares at a later date. This is an attractive proposition if both MicroStrategy’s stock and the Bitcoin price rise.

“…once MSTR gets the money, it will directly go buy BTC. If BTC rises in the future and the stock price rises in tandem, investors will convert the bonds into shares and earn more money. In this way, the debt issued by Strategy disappears into thin air,” Dong explained.

However, Dong warned that MicroStrategy’s financing momentum has begun to weaken, with the company’s stock price under pressure and bond buyers growing more cautious.

“After the stock price performs poorly, will anyone still buy the new bond issuances? The amount of Bitcoin they add each week has shown a clear trend of decreasing, with some insufficiency in financing momentum,” he posed.

Market observers have also confirmed this slowdown. Crypto commentator Sun Xinjin noted that MicroStrategy has not issued new convertible bonds since February 2025, shifting instead to preferred share offerings (the STR series) beginning in September 2025.

These preferred shares carry significantly higher interest rates, suggesting investors now demand stronger incentives amid tightening market conditions. Dong confirmed that the latest fundraising effort in Europe followed this newer structure.

Long-Term Bitcoin Holders Take Profits

The developments come as on-chain data shows long-term Bitcoin holders (LTHs) are increasingly taking profits near the $100,000 mark.

Analytics firm Glassnode reported that LTH supply is declining fast, with the net position change falling sharply into negative territory, signaling an acceleration in long-term distribution.

Long-term $BTC holders are accelerating their distribution, with supply declining fast and net position change falling sharply into negative territory.
LTHs are booking profits as bulls defend $100k. https://t.co/yatqA1O7nd pic.twitter.com/rZ8XMSRZXR

— glassnode (@glassnode) November 13, 2025

Chris Kuiper, vice president of research at Fidelity Digital Assets, echoed this trend, saying that the recent price stagnation has left many veteran holders fatigued.

“Bitcoin’s performance has recently lagged gold’s, even the S&P, and people are getting tired…Long-term holders are looking to make year-end tax and positional changes, calling it a day with the gains they already have,” Kuiper explained.

For MicroStrategy and its CEO, Michael Saylor, this moment marks a critical test. The firm remains profitable on paper but faces tightening financing options and shifting investor sentiment.

As bond markets cool and Bitcoin holders take profits, the company’s ability to sustain its accumulation strategy may hinge on whether Bitcoin’s next leg higher materializes before 2026.

Chart of the Day

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

• Big short investor exits Wall Street again —Is crypto the only trade left standing?
• XRP goes mainstream: First-ever US spot XRP ETF approved—trading starts tomorrow.
• Historic shutdown ends; Fed left blind without data as Congress presses forward.
• SharpLink’s Ethereum bet pays off: Massive Q3 profit and 1,100% revenue jump.
• Analysts reveal the chart that predicts Bitcoin better than M2 ever did.
• Bitcoin stares at its next peak from the bottom, but one level blocks the view.
• Solana at a breaking point: $1,000 moonshot or crash back to $100?
• BitMine stock (BMNR) holds a bullish structure, but one roadblock remains.
• Will crypto crash in 2026 – Predicting the next bear market.

Crypto Equities Pre-Market Overview

Company	At the Close of November 12	Pre-Market Overview
Strategy (MSTR)	$224.61	$225.70 (+0.49%)
Coinbase (COIN)	$304.00	$305.00 (+0.33%)
Galaxy Digital Holdings (GLXY)	$31.27	$31.42 (+0.48%)
MARA Holdings (MARA)	$14.41	$14.40 (-0.069%)
Riot Platforms (RIOT)	$15.46	$15.42 (-0.26%)
Core Scientific (CORZ)	$16.44	$16.37 (-0.435%)

The post MicroStrategy’s Bitcoin Premium Vanishes as Long-Term Holders Cash Out | US Crypto News appeared first on BeInCrypto.