[WLFI Co-Founder Denies Reports of Wallet Freezes and Mandatory KYC] WLFI Co-Founder Zach Witkoff responded on the X platform to reports claiming that user wallets were frozen and mandatory KYC was enforced, stating that the reports are completely misleading and emphasizing that WLFI has always supported community members affected by phishing attacks.

BlackRock stated that not holding Bitcoin may pose risks. （Bitcoin Archive）

[PUMP Whale Liquidates Holdings Within 24 Hours, Losing $1.5 Million] According to monitoring by onchainschool.pro, a whale (GBxyz...NH3n) who purchased $4.9 million worth of PUMP tokens 20 days ago sold all their tokens in the past 24 hours, incurring a loss of $1.5 million, with a loss rate of 30%.

[Bitcoin Drops About 25% This Month, Options Trading Intensifies Market Volatility] On November 22, Bitcoin plunged sharply, intensifying market volatility. So far this month, Bitcoin has dropped approximately 25%, primarily due to spot selling, including ETF outflows, long-term wallet asset sales, and declining demand from momentum investors. Options trading positions have amplified price fluctuations, as traders adjust hedges to maintain neutral positions, further exacerbating volatility. On the 21st, Bitcoin fell below the critical $85,000 level, where demand for put options near this strike price was concentrated. Market makers hedged large exposures, and traders in a "short Gamma" position sold more Bitcoin, accelerating the price decline.

[Glassnode Co-Founder: Bitcoin ETF Maintains Net Gains, Cost Basis Unaffected] Glassnode Co-Founder Negentropic posted on the X platform, stating that Bitcoin's current market performance is not a narrative shift but rather a mechanical 'buffer.' At present, Bitcoin ETFs are still maintaining net gains, and the cost basis remains unaffected. Although some long-term holders are selling, Solana ETF inflows remain stable, and altcoins are outperforming BTC and ETH. Additionally, the overall cycle structure remains intact, with strong demand for ETFs and spot markets, while the macroeconomic environment remains neutral with a bullish bias. The market shows no signs of capitulation, and the trend remains unbroken.