OVERVIEW

Bitcoin Dominance Chart Displays Textbook ‘Sweaty Upper Lip’ Formation Before Altcoin Bender 🍻

Before we dive in, here’s today’s crypto market heatmap:

Source: finfiz

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

TECHNICAL ANALYSIS
BTC Dominance Chart Looks Weak AF 🤮

Bitcoin’s Dominance Chart shows what percentage of the whole crypto market cap is owned by $BTC.X ( ▼ 2.65% ). Currently, it’s just a hair under 60%. 📉 

But that could drop lower in a very fast and violent manner.

BTC Dominance 3-Day Chart – Click to enlarge.

We’ve had eight plus weeks of “up.” Sounds nice on paper. In practice, the rally has been weak and it’s morphed into a long bear flag.

Bear flags are as old as technical analysis textbooks. They’re bearish by design and usually resolve lower. Nothing mystical. Just gravity.

On the 3‑day Bitcoin Dominance chart, a few loud tells line up:

1. The prior 3‑day candle failed to claw back inside the flag channel.

2. On the daily chart (not shown), the last four sessions tried to hold inside that channel and whiffed, repeatedly.

3. The Composite Index crossed below its slow moving average (yellow/organe line). A confirmed 3‑day close with it below that line checks a big box for a sharp drop in dominance.

4. The Detrended Price Oscillator’s slope points to a zero‑line test for the first time since mid‑September 2025. The major breakdown trigger comes when DPO closes below zero.

What To Watch Out For

• If total market cap rises while dominance falls, money is rotating into alts.

• Watch the tells. ETH/BTC and SOL/BTC uptrends are the easy flags. If those pairs break higher on 1D and 3D, breadth usually follows. If they stall, it’s probably a head fake.

• USD vs BTC matters. Alts can “outperform” BTC while both go down in dollars. That still drops dominance.

• Stablecoin tell. Dominance down with stablecoin dominance up means capital is ducking for cover, not chasing alts. That’s risk-off rotation.

• Breadth check. TOTAL3ES rising confirms broad alt participation. If it lags while BTC.D drops, we’re probably just watching BTC underperform during a pullback.

Net read: a confirmed breakdown in BTC Dominance says alt outperformance is on deck. Could be bullish for the whole pie or just less-bad for alts during a BTC dip. The context call is total cap and stablecoin share.

Put those together and you’ll know if this is a real rotation or just noise pretending to be signal. 🧠 

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NEWS
I’ll Take Things I Didn’t Expect To See Ever For $500 Alex 🤯

So $ZEC.X ( ▲ 0.39% ) has it’s own digital asset treasury (DAT) now. 👀 

A failed cancer drug company just raised $58.88 million from Winklevoss Capital (apparently only Winklevoss Capital in terms of institutional money) and immediately deployed $50 million into 203,775 ZEC at an average price of $245.37.

Which means they probably have the biggest paper profit gain at the fastest pace out of all the other DATs that have been created this year. No hard data on that, just a feeling.

And any privacy fan will love the press release because it reads more like a principled manifesto. “Privacy is the silent precondition of freedom.” “Zcash is digital privacy in asset form, the same way Bitcoin has proven to be digital gold.” 

They’re basically positioning ZEC as a hedge against Bitcoin’s transparency and transparency in general, which makes me wonder if the DAT is allowed to hodl shielded Zcash or not. I’ll have to dig deeper into this if I remember too. 

But nobody’s been stacking privacy coins. Until today.

So whether you think this is visionary or insane probably depends on your views about: 

1. Zcash’s long-term viability.

2. Whether privacy coins survive regulatory scrutiny.

3. Why the Winklevoss twins are apparently all-in on Zcash.

The press release is… well it’s pretty damn salty and calling out the majority of other DATs: “the recent weak performance of digital asset treasury companies stems from PIPEs dominated by short-term, mercenary capital” and claims they’ve built “a syndicate of value-aligned investors.”

Translation: they’re aware that most of these DAT plays have gotten destroyed post-announcement because the private placements were just arb opportunities for hedge funds who immediately shorted the stock.

Oh ya, they’re rebranding as Cypherpunk Technologies (ticker: CYPH).

Stocktwits Zcash Hodlers Have Balls Of Steel

Zcash Sentiment & Message Volume Data

According to the Stocktwits Sentiment data, Zcash hodlers are Extremely Bullish and have been over the past day, week, and month. Not shaken at all.

Full Press Release. 👈️ 

NEWS
The Blockchain Freeze Button: Turns Out “Code is Law” Has an Override Switch 😐️

So here’s a fun discovery from Bybit’s security researchers: at least 16 major blockchains can freeze your tokens whenever they decide you’re doing something they don’t like.

Another 19 have the infrastructure sitting there, ready to flip on when the moment calls for it.

You know, just like your bank account. Except this was supposed to be different.

The Research Nobody Really Wanted Published

Bybit’s Lazarus Security Lab dropped a 37-page report that basically says “remember all that decentralization stuff crypto promised? Yeah, about that…” They analyzed 166 blockchain networks – everything from Bitcoin to the latest Layer 2 flavor-of-the-month – looking for what they politely call “fund freezing capabilities.”

When $SUI.X ( ▼ 7.52% ) Foundation stepped in after the Cetus protocol hack in May 2025 and froze $162 million worth of stolen assets. Then they transferred those frozen funds through a governance vote. Which, let’s be clear, means they could move money out of addresses that weren’t controlled by the original signers.

Seems very centralizedish. 🤔 

The “We Know What’s Best” Problem

Here’s where it gets philosophically uncomfortable. Every single one of these mechanisms was implemented or activated after a major hack:

• $VET.X ( ▼ 5.14% ) (2019): $6.6M stolen from buyback wallet; blacklist function added

• $BNB.X ( ▼ 4.18% ) (2022): $570M bridge exploit; hardcoded freezing implemented

• Sui (2025): $223M Cetus hack; froze attacker addresses, then moved the funds

• $APT.X ( ▼ 5.3% ) (2025): One month after Sui’s freeze; suddenly implemented a transaction filter

Notice the pattern? These aren’t evil actions. The frozen funds were stolen. The foundations stopped attackers from cashing out. They protected the ecosystem. 🛡️ 

But also: they proved they can freeze anyone’s funds, anytime, for any reason they deem legitimate.

I Trust You…?

Bybit’s report cited sixteen chains with active freezing capabilities. Nineteen more with the infrastructure ready to deploy. That’s 35 out of 166 networks analyzed – 21% of the blockchain ecosystem has an override switch.

And these aren’t all obscure altcoins. This is BNB Chain, Aptos, Sui, Cosmos ecosystem chains, Linea, Harmony. Major networks with billions in TVL.

So the next time someone tells you blockchain is “trustless” or “decentralized” or “censorship-resistant,” maybe ask them: who has access to the config files? Who controls the multisig on the blacklist contract? How many validators need to coordinate to freeze an address?

Because somewhere, someone has a button. And they’ve already proven they’re willing to push it.

For your protection, of course. 🙄 

The full Bybit Lazarus Security Lab report is publicly available here. 

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

🤖 FLock.io Fixes AI Arena Rewards So Training Nodes Don’t Get Screwed by Delegators

Honestly, I was kind of disappointed reading this because I was hoping this has something to do with a kind of boxing match between AIs. Anyway: FLock.io updated AI Arena to fix unfair reward distribution where training nodes saw personal rewards reduced when accepting delegations. V2.1 uses two separate reward arrays so training nodes no longer get penalized, though delegators now only get rewards attributed to delegated amounts. FLoCK.io.

🆔 Radix Launches Proof-of-Personhood: Verify Once, Use Everywhere, Stop Re-KYC’ing

Radix launched Proof-of-Personhood powered by idOS – verify identity once with facial recognition, get a Badge in your wallet, use across any dApp without re-KYC. Radix Engine handles authentication at consensus layer instead of exploitable smart contract access controls – like showing a membership card without handing over your passport each visit. Radix.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🏆 MEXC and Chiliz Drop $1M “CHZ Frenzy” Campaign With 400% APR Staking (If You’re Quick)

MEXC partnered with Chiliz for a month-long “CHZ Frenzy” campaign (Nov 12-Dec 11) featuring $1M prize pool, zero trading fees on CHZ pairs, and staking up to 400% APR for 3 days if you lock 3,600-10,000 CHZ. Rewards include iPhone Air and AirPods Max for lucky winners. Chiliz.

🎮 Pixpel Brings Gas-Free Game Fundraising to SKALE, Indie Devs Escape Publisher Overlords

Pixpel is a decentralized launchpad for game devs to raise capital through token sales without VCs or publishers. Smart contracts automate everything: sales management, vesting, liquidity provision – no middlemen skimming. SKALE’s architecture means token sales don’t punish developers or investors with fees, making it accessible for indie teams escaping traditional funding models demanding creative compromises. SKALE Network.

LINKS
Links That Don’t Suck 🔗

💉 Welcome to the Injective Era: Native EVM mainnet launch opens new frontiers for finance

🌲 WisdomTree honored as ETF issuer of the year

🏦 XRP ETF Launch: Nasdaq listing for $XRPC set for tomorrow

👋 Coinbase Ditches Delaware for Texas Incorporation

🦔 Nasdaq-traded Solana company plans to tokenize shares via Superstate

😆 Watch: Russia’s AI robot falls seconds after being unveiled

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