Gate Private Wealth Management Monthly Report, November 2025

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Bitcoin fell 17.54% in November, the biggest monthly drop this year. Bitcoin ETFs recorded the second-largest monthly outflow since its launch in 2024. In November, the USDT strategy yield in the Gate Quantitative Fund was 1.9%; The top 30% portfolio has an annualized return of 4.1% to outperform Bitcoin; “Arbitrage Pioneer-USDT” performed the best, with a monthly annualized rate of return of 5.5%, showing solid defensive attributes. The overall drawdown level of the fund in November was low, with the maximum drawdown of the USDT strategy being only 0.02%; Looking ahead to December, expectations of interest rate cuts, next year’s interest rate path, the Bank of Japan’s interest rate hike, and speculation of a change of FED will dominate the short-term volatility of crypto assets.

• Market Review: The overall market continued its volatile trend in November, with Bitcoin falling by 17.54%, the largest monthly decline this year. The total crypto market cap fell below $3 trillion for the first time since April, and leveraged liquidations peaked again. Bitcoin ETFs recorded the second-largest monthly outflow since its launch in 2024. The open interest in perpetual contracts has fallen by 35% from its peak of $94 billion in October due to the sharp market decline.
• Gate Private Wealth Product Performance: The returns of USDT and BTC strategies in Gate Quant Fund in November were 1.9% and -0.3%, respectively. The top 30% portfolio has an annualized return of 4.1% to outperform Bitcoin; “Arbitrage Pioneer-USDT” performed the best, with a monthly annualized rate of return of 5.5%, showing solid defensive attributes. The overall drawdown level of the fund in November was low, with the maximum drawdown of the USDT strategy being only 0.02% and the BTC strategy being 0.03%.
• Future Outlook: Bitcoin’s historical performance in December has been inconsistent, with negative gains recorded in three of the last four years; The clearest precursors to Bitcoin’s next rally will include a recovery in risk sentiment, an improvement in the liquidity environment, and an increase in market depth. Looking ahead to December, expectations of interest rate cuts, next year’s interest rate path, the Bank of Japan’s interest rate hike, and speculation of a change of FED will dominate the short-term volatility of crypto assets.

Explore more: Gate Private Wealth Management Monthly Report November 2025