🍪 Daily Byte – 27.11.2025

By Byte & Block — exploring the building blocks of digital finance.

Today’s Menu:

• Crypto Markets Rally
• South Korea Solana exploit
• Cathie Wood Predicts liquidity reversal

Fear & Greed Index Today

Prices as of 09:00 AM CET

₿ Crypto Markets Rally 🚀 as Bitcoin Leads the Charge

Bitcoin is leading a broad crypto market rebound on November 27, jumping back above $90,000 after a rough few weeks. According to the public market action, BTC climbed nearly 5–7% in the last 24 hours, pulling the rest of the market up with it

Investors point to reduced derivative-market stress, easing risk sentiment, and renewed hopes for macro stability as drivers behind the move. The rebound gained strength even while equity markets were closed for the U.S. Thanksgiving holiday — highlighting that this rally is being driven by crypto-native demand rather than spill-over from stocks.

The quick bounce suggests some short-term capitulation may have run its course. But given lingering macro uncertainty, many traders view this as a chance for a relief rally — rather than confirmation of a sustained bull run.

🇰🇷 South Korea’s Upbit Halts Withdrawals After Alleged Solana Exploit

Korea’s top exchange Upbit temporarily suspended deposits and withdrawals for Solana-network tokens after detecting suspicious activity tied to a potential exploit. The halt affected multiple SOL-based assets, triggering alarm across regional traders.

Upbit subsequently announced an internal emergency review, moving remaining funds to cold storage and pledging to repay customers impacted by the incident. The exchange emphasized that safety took precedence over speed in preventing further unauthorized outflows. 

This move underlines how even large, established exchanges remain vulnerable to network-specific risks — especially on high-throughput chains like Solana, where exploits and sync errors may cascade quickly. For traders, it’s a reminder that exchange-level incidents can trigger abrupt liquidity freezes, regardless of macro trends.

📰 Cathie Wood Predicts Crypto Liquidity Crunch Will Reverse Soon

Prominent investor Cathie Wood is among those forecasting a near-term reversal to the current crypto liquidity squeeze. She argues that recent institutional retrenchment and volatility have created a temporary drawdown — not a structural breakdown — and expects liquidity to rebound within “weeks, not months.”

Wood’s bullish view hinges on a potential re-entry of institutional capital as macro markets stabilize and central-bank policies soften. If correct, this could reignite demand for digital assets and restore upward momentum — especially for large-cap tokens like Bitcoin and Ethereum.

Her thesis adds a macro-investment narrative to current price action: this period may not be about panic or structural collapse — but about accumulation and a reset of risk appetites. It’s a view that challenges the bears, suggesting the bottom may be forming rather than the crash deepening.

Meme of the day

Follow @byte_and_block for bite-sized insights, or subscribe to the newsletter for deeper dives.