qfilabs

Bitcoin intelligence, made visual. Data-driven market signals, cycle analysis and research, without the noise.
📊

[qfilabs @qfilabs]

bitcoin:native

[cryptovizart | qfilabs @cryptovizart]

WE ARE IN THE VALUE ZONE.

[qfilabs @qfilabs]

MARA held 34,012 Bitcoin at Sep 30, 2026, more than any other listed miner, then sold 13,597 of them, about 40%.
Across fourteen listed miners, holdings fell 48,247 BTC from Dec 31, 2025, to Sep 30, 2026. Core Scientific's AI business reached 92% of its revenue in Q3 2026. Bitcoin fell about 15% from its September 2026 high to Nov 10, 2026.

[Sean Sharif | qfilabs @SeanSharifQuant]

MARA's earnings just added another piece to this story.

The company sold another 13,597 BTC after September, bringing its total sales this year to over 40,000 BTC.

It used $750 million to repay Bitcoin-backed loans, with more BTC sales potentially ahead as it expands into AI infrastructure.

Bitcoin is becoming a source of funding for the miners' next business.

[qfilabs @qfilabs]

https://t.co/WTIpJ6UGJt

[qfilabs @qfilabs]

Note No. 12: In the Value Zone, Watching for the Rally

Bitcoin is 15% below its $86.6K September high, and buyers of the past three months are underwater, yet past recoveries mark this as a value zone. It is still short of all six on-chain signs that preceded past final rallies to new highs, most by a wide margin.

READ MORE 👇

[Sean Sharif | qfilabs @SeanSharifQuant]

MARA's earnings just added another piece to this story.

The company sold another 13,597 BTC after September, bringing its total sales this year to over 40,000 BTC.

It used $750 million to repay Bitcoin-backed loans, with more BTC sales potentially ahead as it expands into AI infrastructure.

Bitcoin is becoming a source of funding for the miners' next business.

[qfilabs @qfilabs]

levels come from our notes, link below https://t.co/3k7vYimJrv

[qfilabs @qfilabs]

On 11 October, with Bitcoin at $83.3K, we named recent buyers' average cost as the lower edge of the range we saw ahead. This week price came back to it.
If that support gives way, our model marks the next one near $70.2K, the lower edge of a thin cluster of recent buyers' coins.

[qfilabs @qfilabs]

READ MORE:
https://t.co/3k7vYinhh3

[qfilabs @qfilabs]

Why did Bitcoin zig-zag after the Binance hack?
1/ It dipped to about $76K early on 4 November, then jumped above $80K in a short squeeze, as about 1.6K BTC of bets against the price were forced shut in four hours.
Forced buying is fast, but it doesn't fix what sits underneath.

[qfilabs @qfilabs]

3/ Today's fall forced shut about 1.8k BTC of bullish bets and took Bitcoin back to about $76K, what recent buyers paid on average.
They hold only about 84k BTC from there down to $68K, and open interest is already up 11k BTC in two hours, so the leverage hasn't cleared.

[qfilabs @qfilabs]

Note No. 11: Bitcoin After the Shock

We checked about 170 hacks, collapses and scams since 2018: a month later Bitcoin was lower after 81 and higher after 89.

[qfilabs @qfilabs]

Bitcoin Note 11: “Bitcoin After the Shock"

The recent Binance hack landed in a market already losing strength. Recent buyers are still realising losses, but a bounce near their average cost and a short squeeze in futures point towards a shallow correction and prolonged sideways trading.

Link👇

[qfilabs @qfilabs]

https://t.co/3k7vYimJrv

[qfilabs @qfilabs]

Bitcoin Note 11: “Bitcoin After the Shock"

The recent Binance hack landed in a market already losing strength. Recent buyers are still realising losses, but a bounce near their average cost and a short squeeze in futures point towards a shallow correction and prolonged sideways trading.

Link👇

[qfilabs @qfilabs]

Bitcoin has been through this setup only once before, in the last two years of the Obama presidency, when Republicans ran both the House and the Senate and a halving fell in between. The price more than tripled from January 2015 to January 2017.

Tonight's midterms look set to bring the same arrangement back under Trump, with the next halving due around April 2028,

[qfilabs @qfilabs]

Roy Cooper wins North Carolina, the first Senate seat to flip tonight.

Democrats need 4 more for a majority, counting seats that are safe but not yet called. Republicans need 10.

Market odds give Democrats a 97% chance of control.

Watch live: https://t.co/MHveMds4ml

[qfilabs @qfilabs]

The 12 races deciding the Senate, live.
#Midterms2026
https://t.co/MHveMdsCbT

[qfilabs @qfilabs]

Bitcoin note No. 10:

https://t.co/F9LjwJOo4z

[qfilabs @qfilabs]

How Low Can Bitcoin Go in an Early Bull Market?

Bitcoin just slipped below $80k. We measured how far price strayed from the True Market Mean in the last three recoveries to find the normal range, and where today sits in it.

READ MORE 👇