Saylor Acquires Dip as Daily Mined BTC Surpasses ETF Purchase Pressure: Bitcoin Forecast For November 2025?

A manager of a cryptocurrency hedge fund has identified a troubling statistic concerning the market that may indicate unsettling times for BTC forecasts in November and further ahead.

Charles Edwards, the head of Capriole Investments, shared a chart on X yesterday (November 3), illustrating that net buying by institutions has fallen below the daily BTC mined for the first time in seven months.

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has dropped 2.5% today as the trading market continues to face challenges, with any price increases quickly being sold. The aggregate digital currency trading market capitalization has decreased by -3.9% over the past 24 hours, falling to $3.5 trillion as a consequence.

For the first time in 7 months, net institutional buying has DROPPED below daily mined circulating supply. Not Good. pic.twitter.com/4cRnUWlybe

— Charles Edwards (@caprioleio) November 3, 2025

Capriole Investments Founder States “Treasury Companies are Holding Significant Losses”

When daily mined BTC starts to surpass the institutional capital flowing into it, the indication is clear and concerning; the entire market may be struggling, and for Bitcoin, this could signify the onset of high-timeframe structural pressure.

This perspective has been reiterated by Charles Edwards, founder of Capriole Investments, who on November 3, shared a chart that compared the daily mined Bitcoin total with purchases from ETFs and corporate treasury firms.

Alarmingly, the chart reveals that institutional buying has not kept pace with the amount of Bitcoin mined daily, marking the first such occurrence in seven months. It presents a troubling data point that will challenge any uptrend BTC predictions.

This could suggest that the crypto market is running out of steam and/or encountering larger economic challenges, indicating that companies are depleting their cash reserves for purchasing riskier assets like BTC.

In response to his original chart post, Edwards provided further details on his views regarding this situation. He remarked, “I won’t deny, this was the key metric keeping me favorable in recent months while other assets surpassed Bitcoin. The trend can shift tomorrow, next week, or in two years. But for now, we have 188 treasury firms holding significant losses without viable business models and far fewer institutional buyers interested than previously.”

This is a worrisome message from the leader of a notable crypto investment firm, aligning with the beliefs of numerous crypto market participants that the increasing number of crypto treasury firms could indicate the peak of this optimistic cycle.

Since October 11, spot Bitcoin ETFs have seen net outflows of about $1.67 billion. BTC crypto mining output remains stable, but with institutional buyer interest lagging behind, the new circulating supply may not be absorbed as efficiently.

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Saylor Launches November with a Major BTC Purchase After a Calm October for Strategy

Leading Bitcoin treasury Strategy announced yesterday (November 3) that it had procured BTC worth around $45.6 million over the last week against ongoing sell pressure in the trading market. BTC fell from approximately $110,000 to below $105,000 in the last 24 hours.

According to Strategy’s 8-K filing with the SEC, they acquired 397 Bitcoin at an average price of $114,771 per coin. This increases the firm’s average purchase price for Bitcoin to $74,057.

Strategy co-founder and Executive Chairman Michael Saylor teased Monday’s acquisition news, sharing the firm’s buying tracker on Sunday with the caption, “Orange is the color of November.”

The Virginia-based firm now possesses about 641,205 BTC valued at $68.6 billion. For context, Strategy’s Bitcoin reserve accounts for over 3% of Bitcoin’s total circulating supply of 21 million. Since the total stash was acquired for $47.49 billion, the Nasdaq-listed company finds itself with approximately $21.1 billion in unrealized gains.

Saylor’s enterprise remains the largest corporate holder of BTC globally, concentrating mainly on securitizing the asset. Investors can acquire shares in the firm to gain exposure to BTC without the complexities of purchasing and safeguarding digital coins.

During the last week of October, Strategy invested $43.3 million in BTC, bringing its monthly total to 778 Bitcoin, representing one of the smaller purchasing rounds by the leading BTC treasury firm in recent times. In contrast, Strategy bought 3,526 BTC in September alone, nearly 78% more than October’s total.

Bitcoin Forecast: What Lies Ahead for the Leading Digital currency – Is Sub $100K Imminent?

(SOURCE: TradingView)

November has historically been Bitcoin’s strongest month, with an average return of 42.5%. Last November, Donald Trump’s re-election sparked a major pump that saw BTC surge by over 60% to $108,000.

If BTC can draw buyers to acquire the mined circulating supply, be it from retail or institutional investors, we might be in for another uptrend November this year. BTC may have the potential to reclaim $120,000 and reach a new all-time peak.

Investors should notably remain open to the likelihood of a correction towards its 50-week Simple Moving Average, currently positioned at $100,000. A successful test at this level could present an outstanding buying opportunity for sidelined investors.

However, with current crypto market sentiment gaining momentum downtrend, the leading digital asset must sustain above $100,000; otherwise, a BTC prediction of $92,000—a significant support area—becomes a viable scenario.

On a brighter note, Bitcoin has shown a hidden optimistic divergence with its on-balance volume (OBV), implying increasing buying momentum. A weekly close above $112,000 could negate all pessimistic scenarios and open the path for a rally to new heights in November.

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The post Saylor Buys Dip as Daily Mined Bitcoin Exceeds ETF Buy-Pressure: BTC Prediction For November 2025? appeared first on 99Bitcoins.