Gate Private Wealth Management Monthly Report, November 2025

Summary

• Market Review: The overall market continued its volatile trend in November, with Bitcoin dropping 17.54%, marking the largest monthly decline this year. The total cryptocurrency market cap fell below $3 trillion for the first time since April, and leveraged liquidations hit new highs again. The Bitcoin ETF saw the second largest single-month outflow since its launch in 2024. Due to the sharp market decline, perpetual contract open interest has dropped 35% from the October peak of $94 billion.

• Gate Private Wealth Product Performance: In November, Gate quantitative funds saw USDT and BTC strategy returns of 1.9% and -0.3% respectively; the top 30% portfolios achieved an annualized return of 4.1%, outperforming Bitcoin; “Arbitrage Pioneer-USDT” stood out with a monthly annualized return of 5.5%, demonstrating robust defensive attributes; the overall fund drawdown in November was low, with a maximum drawdown of just 0.02% for the USDT strategy and 0.03% for the BTC strategy;

• Outlook: Bitcoin’s historical performance in December is unstable, with negative returns in three of the past four years; the clearest preconditions for the next Bitcoin rally will include: a return of risk appetite, improvement in liquidity conditions, and increased market depth. Looking ahead to December, rate cut expectations, next year’s interest rate path, a potential rate hike by the Bank of Japan, and speculation about a change in FED leadership will all drive short-term volatility in crypto assets.

Disclaimer Investment in the cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.