BTC falls below the $83000 mark

[DWF Labs Plans to Launch a $30M to $75M New Fund Focused on DeFi/CeDeFi Products] DWF Labs head Andrei Grachev stated on the X platform that DWF Labs will soon announce a new fund ranging from $30 million to $75 million, funded solely with DWF Labs' cash, focusing on DeFi and CeDeFi products.

Monitoring shows that BTC with addresses 0x926... 8cc7a was liquidated due to a sharp drop after holding for less than 4 days, with a position of 256.98 BTC (approximately $20.86 million) and a liquidation price of $81191.3, resulting in a single transaction loss of $5.23 million. The account also holds a SOL multiple order, with a current floating loss of $870000. (Auntie Ai)

[BMNR Faces Approximately $3.7 Billion in Unrealized Losses Due to Holding Ethereum] Bitmine Immersion (BMNR) is currently facing approximately $3.7 billion in unrealized losses due to its holdings of Ethereum.

[Bitwise Head of Research: Bitcoin Bottom May Be in the $84,000 to $73,000 Range] The Head of Research at Bitwise pointed out that Bitcoin might be nearing the 'maximum pain' sell-off range, with the bottom expected to lie between BlackRock's IBIT cost price of $84,000 and Strategy's BTC cost price of $73,000. These prices are described as 'clearance prices,' akin to a cyclical reset. IBIT saw a single-day outflow of $523 million this week, with a total outflow of $3.3 billion over the past month, accounting for 3.5% of total assets under management. Strategy's net asset value has already fallen below 1, and if prices retest the $73,000 cost price, market sentiment could tighten further. Exchange stablecoin reserves currently stand at $72 billion, and analysts predict BTC may fluctuate between $60,000 and $80,000 by the end of the year.

[Abraxas Capital Two Short Addresses with $76.83 Million in Unrealized Gains] On November 21, according to Onchain Lens monitoring, Abraxas Capital holds short positions in two wallets, currently with unrealized profits of $76.83 million. Abraxas Capital has accumulated over $269.13 million in profits through short positions. Some analysts have pointed out that the related addresses may be used to hedge spot holdings.