Still not done talking about $SEI’s November. The gaming numbers alone were wild. Mobile growth, token launches, and on-chain activity all hit new highs.
Seeing $SEI listed among the assets reachable through Vanguard’s DIME ETF is a strong signal. That is 50M users and one of the largest asset managers in the world opening the door to broader crypto access.
Matrixport analysts note that Ethereum is showing a familiar pattern last seen before May’s 38% surge. Positioning in both $ETH and BTC has reset to unusually low levels, creating conditions where fresh inflows could drive sharp upside moves.
A high-performing Ethereum perp whale maintains a 7x long position of 20,955 $ETH valued at $66.1M, with a floating profit of $4.04M and a liquidation price at $2,703.89.
Publicly listed Bitcoin miners saw their average cash cost per BTC jump to about $74,600 in Q2 2025, with total costs including non-cash expenses reaching roughly $137,800. $BTC
CQ: Strategy’s Bitcoin buying has collapsed through 2025. Monthly purchases fell from 134K $BTC at the 2024 peak to just 9.1K BTC in November 2025, with only 135 BTC so far this month. A 24-month buffer indicates they’re bracing for the bear market.
CEO CQ: Even if a bear cycle comes, the downside would likely be smaller and look more like a broad sideways range. Long-term holders should avoid panic selling. Bitcoin has more liquidity channels now, so the long-term outlook is obviously strong, imo.
Yesterday we covered Sei’s infrastructure run for November. Today we are looking at listings and integrations. $SEI became one of the most accessible assets in the market with major exchange listings, retail on-ramps across 160 plus countries, native $USDC going live, and @ joining as a validator. More to come.
November was huge for Sei. V2 upgrades landed, the parallelized EVM went live, infra hardened, and adoption kept climbing across institutions, liquidity providers, and global markets. There’s a lot more to break down from this month and I’ll be posting more throughout the weekend. $SEI is moving with momentum and purpose.