Gate Research: Whales Accumulate 36,000 BTC in Two Weeks｜Gate Connect Pioneers Apple Pay Crypto Sell

Crypto Market Overview

• BTC (+0.36% | Current Price: 103,261 USDT): On November 11, BTC extended its corrective trend, falling from a high of $106,000 to below $102,000, showing clear short-term pressure. The price found support and rebounded slightly in the $102,000–$103,000 range. The MA5 and MA10 remain below the MA30, indicating a generally bearish structure, though the short-term downtrend has slowed. The MACD histogram is narrowing, and the fast line is converging toward the slow line, suggesting weakening bearish momentum and signs of capital inflow. If BTC breaks above the $104,600 resistance, it could extend its recovery toward $106,000; however, a drop below $102,000 may trigger another test of the $99,200 support zone.
• ETH (+0.87% | Current Price: 3,448 USDT): ETH also continued its decline from recent highs, falling from around $3,650 to the $3,400 region. After finding support at $3,400, it stabilized and rebounded slightly. The MA5 and MA10 have started to turn upward but still lie below the MA30. The MACD histogram has significantly contracted, with the fast and slow lines nearly converging, indicating reduced downside momentum. A breakout above $3,520 could lead to a short-term recovery toward $3,650, while a drop below $3,400 may result in a retest of the $3,320 low.
• Altcoins: The overall market continued its correction, with the Fear and Greed Index falling to 24, remaining in the “Extreme Fear” zone for several consecutive days, reflecting persistently weak investor sentiment. Major altcoins came under pressure, with SOL down 7.6%, while XRP and ADA also weakened. Risk-off sentiment is intensifying, leading to concentrated short-term selling pressure and tightening liquidity — a clear sign of a fear-driven, temporary correction phase.
• Macro: On November 11, the S&P 500 rose 0.21% to 6,846.61; the Dow Jones Industrial Average gained 0.18% to 47,927.96; and the Nasdaq fell 0.25% to 23,468.30. As of 10:15 AM (UTC+8) on November 12, spot gold was trading at $4,127 per ounce, up 0.01% over the past 24 hours.

Trending Tokens

LSK Lisk (+52.65%, Circulating Market Cap: $71.51M)

According to Gate market data, the LSK token is currently priced at $0.3363, up approximately 52.65% in the past 24 hours. Lisk (LSK) is an open platform focused on Web3 application development and blockchain scalability, designed to help developers build decentralized applications (dApps) in JavaScript using the Lisk SDK, which supports lightweight multi-chain deployment. Its main goal is to lower the entry barrier to Web3, enable cross-chain communication, and enhance user experience.

Recently, Lisk has accelerated its ecosystem expansion through the Lisk EMpower Fund and the Lisk Emerging Markets Founders Residency program, which aim to support project growth and adoption in emerging markets. Among these, the IDRX stablecoin project was featured as an EMpower Spotlight initiative. With its regulated framework and 1:1 on-chain pegging, IDRX highlights Lisk’s push into regional payments and real-world utility assets.

ALLO Allora (+10.54%, Circulating Market Cap: $89.62M)

According to Gate market data, the ALLO token is trading at $0.4423, up 10.54% over the past 24 hours. Allora is a decentralized intelligence network designed to build a Collective Intelligence Layer powered by AI models, data providers, and validators. The project enables Intelligence-backed Assets (IBAs) on-chain, offering a trusted infrastructure for AI-human collaboration. Its core mechanisms include decentralized training, prediction-market-style incentives, and a model verification network, forming a self-optimizing AI ecosystem.

The recent price surge in ALLO may be attributed to two key catalysts: (1) the mainnet launch, marking the creation of the first Intelligence-backed Asset and boosting market sentiment; and (2) multi-chain deployment via the LayerZero OFT standard, connecting ALLO to major networks such as Ethereum, Base, and BSC, which enhances asset liquidity. Overall, this rally reflects sustained market interest in the AI + Web3 narrative and heightened expectations following Allora’s mainnet debut.

CC Canton Network (+11.81%, Circulating Market Cap: $4.517B)

According to Gate market data, the CC token is now trading at $0.12642, up 11.81% in the past 24 hours. Canton Network focuses on enterprise-grade blockchain interoperability and privacy, aiming to deliver secure and compliant Web3 infrastructure for financial institutions, corporations, and developers. The project uses the Daml smart contract language as its foundation, supporting multi-party ledger collaboration and private data sharing, positioning itself as a “trusted bridge” between traditional finance and decentralized ecosystems.

The recent CC rally may be driven by several bullish factors: (1) an economic model upgrade featuring Cantonics’ fair incentive system, strengthening long-term value expectations; (2) developer ecosystem expansion, as the Builder program attracts more project teams to develop practical applications; and (3) rising social media engagement, with frequent official tutorials and community activities fueling participation. Overall, CC’s price surge highlights market confidence in Canton’s “privacy + compliance + developer-driven” enterprise blockchain model.

Alpha Insights

Daylight and Plasma Partner to Drive Decentralized Energy Finance

Decentralized energy network Daylight announced a strategic partnership with Plasma to advance the financialization of energy assets through on-chain infrastructure. Under the agreement, Daylight will issue a yield-bearing asset called GRID on Plasma to finance and expand its distributed energy network. The asset, issued by M0, is fully collateralized and supports instant redemption to ensure both capital security and liquidity. This collaboration signifies a deep integration between decentralized finance (DeFi) and energy infrastructure, providing a more transparent and efficient capital pathway for green energy projects.

In addition, holders of GRID can mint sGRID to participate in Daylight’s distributed energy revenue-sharing system, forming an on-chain closed-loop economy that connects financing, power generation, and income distribution. This model lowers the entry barriers for traditional energy investment while creating new financing channels for renewable energy. As a high-performance blockchain, Plasma provides Daylight with high throughput and low-cost transactions, enhancing asset liquidity and scalability. Industry experts believe this partnership could become a landmark case in the emerging “Green Finance + Web3” sector, accelerating the tokenization of energy assets and the maturation of the decentralized energy economy.

Gate Connect Launches Industry-First Apple Pay Sell Function, Pioneering Web3 Payment Integration

According to an official announcement, global digital asset platform Gate has officially launched the Apple Pay sell function on its self-operated on/off-ramp channel, Gate Connect, becoming the first Web3 exchange to support this feature. Users can now directly sell crypto assets via Apple Pay within the Gate App and instantly withdraw proceeds to linked Visa or Mastercard debit or credit cards, enabling seamless fiat conversion. With Apple Pay’s native encryption framework combined with Gate’s four-layer security verification, the process achieves both top-tier safety and user convenience, significantly improving the payment experience.

Gate Connect now fully supports Apple Pay, Google Pay, bank card payments, SEPA, and PIX, continuing to expand its global payment network. This feature launch demonstrates Gate’s technological leadership in crypto payment infrastructure and marks another milestone in its “All in Web3” strategy. By bridging on-chain assets with real-world payment systems, Gate is driving the mainstream adoption of crypto finance, providing users with more flexible, secure, and efficient asset liquidity solutions.

Whales Accumulate 36,000 BTC in Two Weeks, Supporting Bitcoin’s Hold Above $100,000

According to data from CryptoQuant, between October 24 and November 7, Bitcoin whale holdings doubled within just two weeks, with a total accumulation exceeding 36,000 BTC. This wave of concentrated buying occurred during a brief market pullback, suggesting that large investors were actively buying the dip, providing solid price support. Continuous inflows from whale wallets have strengthened market confidence, allowing BTC to maintain strong consolidation around the $100,000 level without significant selling pressure.

On-chain data indicates that most of these accumulations came from long-term holders and institutional wallets, underscoring sustained confidence in Bitcoin’s long-term value. Analysts note that if this trend continues, BTC’s available supply could tighten further, potentially fueling the next upward cycle. Meanwhile, as macroeconomic risks ease and ETF inflows remain stable, whale accumulation may serve as a key catalyst for the next phase of Bitcoin’s market momentum.


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• X, https://x.com/Plasma/status/1987926351211360724?s=20
• Gate, https://www.gate.com/help/guide/functional_guidelines/48104
• X, https://x.com/cryptoquant_com/status/1987861044124110900/photo/1

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.