For the week of November 17–23, 2025
GM Hegends!
This is Day back at the keyboard as usual, checking in for a short update on what's been going on since last Sunday. This week winter came to Sweden. And well, it seems winter came to the markets, too. Bitcoin broke down, and so did a whole bunch of altcoins.
But, market chaos notwithstanding, it was a pretty regular week in Hege.
First off, go watch the replay of TA Tuesday if you didn't catch it.
Second, for this past Friday's HEGE Experience X space, Charlie had invited back Megan and Nev from DRiP to talk all about what's going on over there. Check out the replay!
Third, Chris kept busy cooking up more Hege memes. But more about that after the market update below.
Let's dive in!
Bitcoin broke down, altcoins followed
This was not a pretty week in the markets.
Not even Nvidia's better-than-expected earnings report on Wednesday could perk up trad-fi markets. And even less so crypto. So in other words, we got good news for the AI narrative to continue, but even that failed to hold markets up.
Failing to pump on good news like that is not a good sign. At least not for the near future. It's much too early to call a top in stock markets, as there are likely many people waiting on the sidelines to buy dips. But we should be prepared for a larger correction. How long could such a correction last? Wild guess a month or two perhaps.
In crypto, as we feared last week, bitcoin did break down. This was the first failed breakout all the way since the bull market started back in early 2023. It was also the first break of the 50 week SMA since early 2023. This is significant, and until we see clear signs on a bottom being in, caution now calls for risk-off.
How low could bitcoin go? The next big support below is around the area of $73k-$76k. As long as bitcoin keeps above that level, it doesn't look too bad long term, as that would keep the structure of higher lows intact. Should it break down below $70k however, it starts looking a lot worse.
After a big drop like this, there will come a strong bounce at some point. However, whenever this bounce comes, we must expect that people will sell into it. So stay very cautious.
Bring on the memes!
Now over to Hege.
Chris keeps working on getting Hege memes to reach a wider audience. This week we got two new ones. Check them out below and join in the Reddit conversations!
Hendrix has a pussy problem (Reddit post)
Crypto projects I invest in 🧡 (Reddit post)
There is a blank version of this one available in our Google Drive memes folder. Check it out and get creative!
Coming up ahead
The new Hege Merch store is soooo close to being ready. Any. Day. Now.
Meanwhile, tune in to TA Tuesday for a look at the latest market mayhem. Live in Hegequarters and on YouTube, on Tuesday, November 25, at 17:00 UTC.
And don't miss the next HEGE Experience on Friday, live on X. At 17:00 UTC, as usual. Stay tuned to our socials for details!
Thanks for reading
The markets have been rough, but the work goes on. The flip side to this market breakdown is that as painful as it is right now, this will lead to absolutely amazing crypto opportunities in the future, for those who stick around.
Until next week,
— Team Hege
PS. If you’re not in our Telegram already, get in there! It’s always the best place to hang out and get the latest on what’s going on. Find the link here: https://linktr.ee/hegefund
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