Key Notes
- Long-dormant Bitcoin wallets have been reactivated, releasing $500 million worth of BTC amid already weakened market conditions.
- The Treasury Department’s CARF proposal would require foreign exchanges to automatically report the holdings of U.S. citizens to authorities.
- Despite the economic downturn, Strategy purchased 8,178 BTC for $835.6 million, bringing total holdings to 649,870 coins.
Bitcoin
BTC
$91,866
24h volatility:
2.8%
Market capitalization:
$1.83 million
Flight. 24h:
$90.45 billion
fell to $92,900 on November 17, 2025, under intense selling pressure from long-term holders. Political uncertainty surrounding a crucial vote in the US Congress on Tuesday has increased risk aversion, pushing the BTC price 35% below its recent all-time high near $126,000.
TheStreet reported on November 17 that the White House had begun reviewing a Treasury Department proposal that would grant the IRS increased visibility into Americans’ foreign crypto holdings. The move represents the administration’s closest step toward joining the Crypto-Asset Reporting Framework (CARF), a global standard for cross-border disclosure of digital assets.
Earlier in 2025, the administration publicly supported CARF, calling it essential to preventing offshore tax evasion through digital assets.
Created by the OECD in 2022, CARF has been adopted by major economies, including Japan, Germany, France, Canada, Italy and the United Kingdom. If implemented, the framework would mirror FATCA-style reporting in crypto, requiring foreign exchanges and custodians to automatically report citizens’ account holder data to U.S. authorities.
The prospect of expanded tax oversight and cross-border compliance has come at a sensitive time for crypto markets already facing political instability, aftershocks from the U.S. government shutdown and hawkish speculation from the Fed.
Michael Saylor Buys the Dip as Analysts Signal Dormant Portfolio Capitulation
The multiple bearish macro catalysts on November 17 put downward pressure on Bitcoin as the selling intensified. On-chain data showed unusually rapid selling among holders of long-dormant Bitcoin.
Old parts are moving again! 🚨
4,668 $BTC children aged 3-5 have just been spent – a clear spike in the activation of the dormant supply. pic.twitter.com/ZfdJGs4o0H
– Maartunn (@JA_Maartun) November 17, 2025
JA Maartun, on-chain analyst at CryptoQuant, warned his 45,000 followers that wallets holding BTC for 3-5 years had suddenly been reactivated. The data showed 4,668 BTC, worth around $500 million at current prices, reintroduced into the short-term market supply under already fragile conditions.
Dormant portfolio movements often weaken rebound prospects because they inject significant supply into tight order books. The activity on November 17 confirmed that some long-term holders executed last-minute sell orders ahead of a critical U.S. Congressional vote scheduled for the following day.
Yet amid the sell-off, Michael Saylor expanded his aggressive Bitcoin accumulation strategy. As reported by Coinspeaker, Strategy disclosed the purchase of 8,178 BTC, valued at $835.6 million at an average price of $102,171. The acquisition brings the company’s total holdings to 649,870 BTC, accumulated at a combined cost of $48.37 billion and an average inflow of $74,433 per coin.
The company reports a BTC return of 27.8% year-to-date, reinforcing Saylor’s bullish statements in an interview with CNBC during the week, hinting that macroeconomic declines in Bitcoin prices present entry opportunities for institutional buyers.
Strategy acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and achieved a BTC return of 27.8% since the start of 2025. As of 11/16/2025 we held 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR $STRC $STRD $STRE $STRF $STRK
-Michael Saylor (@saylor) November 17, 2025
Crypto traders on alert as Maxi Doge presale raises $4 million
As Michael Saylor’s aggressive Bitcoin buying builds investor confidence, early-stage projects like Maxi Doge (MAXI) are also attracting interest. Maxi Doge is a meme-based leveraged trading ecosystem that combines social entertainment with aggressive return potential.
Maxi Doge Presale
The Maxi Doge presale has now surpassed $4.1 million, closing in on its $4.3 million goal. The project offers leverage up to 1,000x with no stop-loss restrictions. Each MAXI token is currently priced at $0.00027, with the next pricing tier expected to unlock within 48 hours.
Interested buyers can visit the official Maxi Doge presale website to secure early allocation and access exclusive early bird bonuses.
following
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with experience supporting various Web3 startups and financial organizations. He completed his undergraduate degree in Economics and is currently studying for a Master’s degree in Blockchain and Distributed Ledger technologies at the University of Malta.
Ibrahim Ajibade on LinkedIn
