[21.7 BTC Transferred from Gate to Binance] According to Arkham data, 21.7 Bitcoin (worth approximately $2.08 million) was transferred from Gate to Wintermute, after which Wintermute transferred 96.89 Bitcoin to Binance.

According to Bitcoin Treasury data, Bitcoin reserves have added over $50 million worth of Bitcoin in the past 30 days. （Cointelegraph）

[A certain whale opens a $21.43 million ZEC short position with 10x leverage, currently facing a $1.177 million unrealized loss] On-chain analyst Ai Yi's monitoring reveals that 16 hours ago, address 0x7b7...2734e opened a ZEC short position worth approximately $21.43 million with 10x leverage, holding 31,015.92 ZEC. This is the second-largest ZEC short position on the Hyperliquid platform, currently facing an unrealized loss of $1.177 million. Additionally, the address holds a $149 million BTC short position and a $27.83 million XRP short position, with total short positions amounting to $198 million and an overall unrealized loss of $1.22 million.

[Bitwise CEO Hunter Horsley: Four-Year Cycle May Be Disrupted by Market Dynamics] On November 16, Bitwise CEO Hunter Horsley stated that the four-year cycle might be disrupted due to the market's 'reflexivity.' He analyzed that the prevailing view suggests 2026 will be a bearish year for Bitcoin, with first-order effects leading investors to start selling in 2025, and second-order effects making 2025 a bearish year, thereby breaking the four-year cycle, leaving 2026 undefined. Additionally, Horsley believes that since the launch of Bitcoin spot ETFs, the market structure has changed, and the environment for cryptocurrency development has never been more favorable.

[StraitsX Transfers 4 Million XUSD to Binance] According to Arkham data, the address labeled 'StraitsX' has transferred 4 million XUSD to Binance, valued at approximately $4 million.