ETH falls below the $2100 mark

[Bitcoin Falls Below Strategy's Average Purchase Price, Holding Losses Approximately $500 Million] On November 8th, Bitcoin fell below Strategy's average purchase price of $75,451 per coin. The BTC-USD market price on Coinbase was $74,863 at 05:54 on the 9th. As of November 1st, Strategy held 849,327 BTC, purchased at a cost of $64.08 billion. Based on the above price, the holdings are worth approximately $63.58 billion, about $500 million below the purchase cost. In its quarterly report ending September 30th, Strategy stated that none of its Bitcoin holdings were pledged as collateral; as of November 1st, the company had an additional $4.79 billion in reserves to support preferred stock dividend and interest payments.

BTC rose, with a trading volume of $12.9 billion in the past 24 hours and a circulating market capitalization of $1.49 trillion, representing a 0.57% increase in market capitalization share. (Data for reference only.)

Machi Dage (Huang Licheng)'s 540 ETH long positions were all liquidated at 05:51 on November 9th during the Ethereum price drop, with an average liquidation price of approximately $2192. This liquidation resulted in a loss of approximately $60,000. Currently, Machi Dage's (Huang Licheng) Hyperliquid account is worth nothing.

Upbit has encountered some instability during the resumption of trading and has postponed the resumption of trading in the Korean Won, BTC, and USDT markets to 06:00 (UTC+8). Upbit will be performing server maintenance for approximately 5 hours starting at 01:00 (UTC+8), and previously announced that trading would be restored in batches starting at 05:00 (UTC+8). Deposits and withdrawals will be restored gradually after trading resumes and backlogged orders are processed.