All eyes on Nvidia — even BTC 👁️

PLUS: Record ETF outflows, tech in the red, energy weakens, AI giants strike massive deals, and Ethereum unveils its unified L2 roadmap as the market holds its breath.

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Cryptopolitan News
November 19, 2025 • Estimated Reading Time: 9 minutes

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BlackRock’s iShares Bitcoin Trust (IBIT) had its worst day ever on Tuesday, losing $523 million, which marks the fifth day of straight outflows.

IBIT has now lost $2 billion in November, or almost two-thirds of all the outflows from U.S.-based Bitcoin ETFs this month. That’s a stunning reversal for a fund that has pulled in $26 billion this year and is the fastest-growing ETF launch ever.

It’s happening at a time when it’s the least opportune.

Bitcoin is holding onto the $91,000 level, having fallen by almost 30 percent from its October peak, and is at its lowest point since April. Yesterday’s fall under a key support zone drove sentiment in all 12 of U.S. spot ETFs into the red, an event we haven’t seen for several months.

In the meantime, the macro tailwind that often is there to save BTC seems absent.

Oil is down, stocks are down and liquidity is retreating far and wide.

Semiconductor stocks fell across Asia marking the full retreat ahead of Nvidia’s earnings tonight, which at present is the single most important data point for global risk sentiment.

Nikkei, Kospi, Hang Seng: All in the red.

Xiaomi sagged after it warned that demand for AI hardware will drive up smartphone prices by 2026.

Energy markets aren’t offering relief either. Russia’s Novatek is dumping LNG at 30–40% discounts to China just to keep sanctioned cargoes moving, and U.S. crude inventories are piling up. Brent and WTI are drifting lower, removing yet another inflation hedge narrative.

Everything is waiting for Nvidia.

Bitcoin included.

Based on the historical record, BTC does some of its best work when liquidity is ample and tech names are on fire.

And tonight’s earnings might determine whether the AI trade comes back to life, or the entire risk complex takes another leg lower.

Here’s the state of play heading into the U.S. session:

The exchange-traded fund IBIT just saw a record outflow.

  • BTC is now retesting the last big support before we reach the $88K area.

  • Month to date, ETF inflows have gone negative.

  • Tech is in a five-day slump.

  • There’s blood in the water again in crypto derivatives.

Should Nvidia beat, risk could stabilize, and Bitcoin would get some breathing room.

If Nvidia misses... the selling pressure it creates won’t remain restricted to equities.

Either way, the next 24 hours will show us if Bitcoin’s drawdown is nearing a state of exhaustion, or if this cycle’s first real capitulation lies ahead. We are covering Nvidia’s earnings live, do check out.

📊 Poll: What happens after Nvidia’s earnings?

Do you think Bitcoin holds above $90,000 this week?

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📊 Market Watch

1️⃣ Saudi Crown Prince pledges nearly $1 trillion in US investments

Saudi Arabia pledges up to $1 trillion in U.S. investments, up from an earlier $600 billion. The funds are expected to flow into AI infrastructure, energy, advanced manufacturing, and Wall Street, according to comments from both Trump and the crown prince.

2️⃣ Anthropic just went from humungous to historic.

Anthropic suddenly became valued at $350B, almost overnight after deals like Microsoft and Nvidia quietly signed one of the largest computational deals in AI history.

The company committed to buying $30B in Azure compute and locking down a gigawatt of Nvidia’s next-gen hardware for Claude models down the line. This thrusts Anthropic into the same orbit as OpenAI, and suggests a world where every AI giant must have more than one AI giant.

3️⃣ Ethereum wants all L2s to be united as one chain again

The Ethereum Foundation unveiled the Ethereum Interop Layer, a new standard that promises to wipe away the chaos of jumbled L2s and make cross-chain actions happen with one signature. If it does, bridges, relayers and solvers, the middlemen of L2 generation could lose up to 90% of their volume.

The EF claims that this could be Ethereum’s “HTTP moment,” where the network becomes one big unified web.

📊 Chart our Analyst is watching

Ark Invest bought $10.2M in Bullish shares this week between ARKK, ARKW and ARKF while the stock is down 4.5% on the day and cryptos are getting their period. It’s the third wave of accumulation this month, and takes Ark’s total Bullish exposure to over $30M just in November.

Why this chart matters:

Bullish declined in Q2 from $67M to $57M, but the exchange still generate d$108M of net income, a gargantuan swing from last year’s loss of $116M. Ark’s consistent buy flow comes at a time when early Bitcoin whales are selling and institutions are quietly buying.

 🐤 Top Tweets

🏛️ Regulation Watch

France and Germany are pressing the EU to push back by 12 months the high-risk rules of its AI Act, arguing Europe requires breathing room for innovation, not suffocation, before tough love goes into effect. Denmark and Brussels back the push, but within Parliament reactions are divided.

Supporters argue that companies cannot comply with the rules lacking clearer technical standards. Critics caution that the delay could undermine EU credibility and encourage heavy industry lobbying.

The political tension is simple:

Move fast and risk choking innovation
or slow down and risk losing control.

Poll: Do you think strict AI regulations slow down innovation in the EU?

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