Bitcoin drops by 1.48% as American Bitcoin raises its holdings to 4,004 BTC

On November 8, 2025,

(BTC) experienced a 1.48% decline over the past day, closing at $101,920.89. This continues a downward movement, with the cryptocurrency falling 4.47% in the last week and 7.11% over the previous month. Despite these recent losses, Bitcoin has climbed 8.8% over the past year, reflecting a longer-term upward momentum amid ongoing market swings.

The day was marked by significant developments from Nasdaq-listed

Corp. (ABTC), which revealed that its Bitcoin reserves had grown to 4,004 BTC, now worth about $415 million. ABTC, which focuses on both Bitcoin treasury management and mining, is supported by notable figures such as Eric Trump and Donald Trump Jr. This move signals increasing institutional interest in Bitcoin as a strategic holding and demonstrates the company’s strategy of expanding its reserves through both mining and direct market purchases.

ABTC’s approach blends large-scale mining operations with targeted spot acquisitions, aiming to align shareholder value with Bitcoin’s growth cycles. The company has also introduced a unique metric called “Satoshis Per Share” (SPS) to provide greater clarity regarding its Bitcoin assets. This strategy has attracted attention from both institutional and individual investors, reflecting a broader trend of corporations diversifying into digital currencies.

The involvement of the Trump family in

has further raised the company’s profile, with Eric Trump and Donald Trump Jr. taking on significant leadership and strategic roles. Reports indicate that the Trump family’s ventures in the crypto sector generated more than $800 million in the first half of 2025, underscoring their strong presence in the digital asset industry.

ABTC’s announcement coincided with news that BlackRock clients had withdrawn $127 million from the company’s Bitcoin ETF, prompting speculation about institutional attitudes toward the asset. While this outflow may indicate a shift in institutional positioning, the overall market picture remains mixed, with Bitcoin maintaining levels above $102,000. This recent period of consolidation follows a stretch of heightened volatility, during which Bitcoin reached record highs in early October before pulling back due to large holder sales and broader economic factors.

Bitcoin’s ability to remain stable in these conditions points to robust underlying demand and continued institutional adoption. Blockchain data also shows increased activity from major holders, such as Bitcoin whale Owen Gunden, who moved 3,600.55 BTC (roughly $372 million) on November 8. Of this amount, 500 BTC has already been deposited to Kraken, with the rest expected to be transferred soon.

Gunden’s transactions are part of a larger pattern of whale activity and leveraged trading tactics. For example, a prominent whale with a perfect trading record recently closed a long position and opened a short on 90.63 BTC at 40x leverage, amounting to a notional value of about $9.24 million. These actions underscore the significant impact that large traders have on market liquidity and sentiment, especially in highly leveraged environments.

Backtest Hypothesis

To evaluate how technical indicators might influence trading, a backtest was performed on Bitcoin’s price action after reaching fractal highs (resistance) and fractal lows (support) between January 1, 2022, and November 8, 2025. The study assessed cumulative returns, success rates, and ideal holding periods to gauge the effectiveness of strategies based on these price points.

The backtest revealed that fractal highs generally serve as short-term resistance. When Bitcoin touched a fractal high, prices tended to revert in the short run, with median returns over 1 to 10 days ranging from -0.6% to -0.3%. The win rate for these trades was typically below 50%, and statistically significant negative returns were observed during the first week, suggesting that selling into rallies after a fractal high could provide a modest advantage.

Conversely, fractal lows showed a slight upward tendency. Price rebounds were common, with a one-day gain of about +0.8% and a 62% win rate. However, the benefit over simply holding Bitcoin faded after two weeks, and the 30-day cumulative return of +2.7% was lower than Bitcoin’s average gain of +3.3% for similar periods. This indicates that while fractal lows may offer short-term entry points, their usefulness is limited to brief timeframes.

In summary, fractal highs and lows can be useful tactical tools within broader trading strategies. Traders might consider tightening stop-losses near fractal highs to manage risk or increasing positions near fractal lows to take advantage of potential rebounds. Nevertheless, relying solely on these signals is unlikely to generate substantial long-term returns, highlighting the importance of combining them with other indicators and market analysis.