Bitcoin slips 0.55% as India clarifies regulations, large investors take short positions, and ETF filings increase

As of NOV 7 2025,

experienced a 0.55% decrease over the past 24 hours, settling at $100,668.33. Over the last week, BTC declined by 8.82%, saw an 8.05% drop in the past month, but has gained 7.71% over the previous year.

India Officially Recognizes Bitcoin as Property in Historic Decision

The High Court in India has officially classified

and other digital currencies as legal property, affording them the same legal protections for ownership, trust management, and safeguarding under current legislation. This judgment secures investor rights and strengthens regulatory oversight for crypto exchanges in India. The move is a significant milestone toward clearer regulations and wider acceptance of digital assets in the country.

Tether Expands BTC Portfolio Despite Market Decline

Tether has bolstered its Bitcoin reserves by acquiring an extra 961 BTC, worth $97.18 million, from its Bitfinex reserve account. This purchase aligns with Tether’s ongoing policy of investing 15% of its profits into Bitcoin since 2023. With this addition, Tether’s total BTC holdings have reached 87,296 BTC, valued at $8.84 billion, positioning it as the sixth-largest Bitcoin holder worldwide. The average acquisition price per BTC is $49,121, resulting in an unrealized gain of about $4.55 billion.

Whale Continues BTC Shorting Streak, Nets $12.99M Profit

Blockchain analysis indicates that a major whale has persisted in shorting BTC, securing $12.99 million in profit on November 7. This entity, active in shorting since March 2025, increased its short position between October 24 and 28, now holding 1,231.98 BTC in shorts valued at $124 million. The whale’s average entry price is $111,499.3.

Backtesting Analysis

Recent price fluctuations in Bitcoin, including short-term swings and institutional moves, highlight the importance of a comprehensive backtesting approach to assess the effectiveness of different trading signals. For instance, whale activity and Tether’s accumulation trends could be analyzed to determine if they align with broader market movements or provide predictive insight into price changes. A robust backtesting system should utilize historical price data corresponding to BTC’s trading patterns over the last 7 to 30 days, referencing ticker symbols such as “BINANCE:BTCUSDT” or “COINBASE:BTCUSD” to maintain data reliability.