A major investor is suspected of selling 592,900 UNI tokens at a loss, with an estimated loss of $1.546 million.

Since the beginning of October, the total market capitalization of cryptocurrencies has fallen from $2.9 trillion to $2.1 trillion, a loss of approximately $800 billion. BTC fell by about 9% this morning, hitting a low of around $62,000. Trading volume surged to approximately $107 billion during this week's decline, compared to about $29 billion at the end of last week, indicating accelerated liquidations and limited buying support. Stablecoins have seen net outflows of approximately $14 billion over the past 30 days, reducing the funds available to absorb selling pressure. Weekend bank closures hindered the rapid entry of new fiat currency funds, and some investors' concerns about cybersecurity risks increased.

A major investor who bought $9.59 million worth of UNI in October at an average price of $7.42 is suspected of cutting losses, with an estimated loss of $1.546 million. Address 0x138…3b4D withdrew 1,292,895 UNI from Binance between October 10th and October 13th. After holding the position for one month, it deposited 592,895 UNI within the past 7 hours at a price of $4.81. Selling the remaining holdings would result in a 35.2% decrease in assets, leaving the remaining position with a paper loss of $4.15 million. (Ai Yi) Address details: 0x138941e97233Eac820946EC8c1F0399156073b4D

David Lawant, Head of Research at Anchorage Digital, published on X the Cumulative Volume Difference (CVD) for Bitcoin spot trading pairs on four exchanges: Binance, Upbit, Coinbase, and OKX. The comparison shows that Coinbase's CVD index declined steadily from November 9th without any sustained rebound, while the other three exchanges showed little fluctuation during the same period. David Lawant stated that the current selling pressure on Bitcoin mainly came from the United States.

Wellington-Altus strategist James E. Thorne said the current Bitcoin sell-off was triggered by leveraged position clearing rather than a deterioration in fundamentals, and suggested buying on the dip. The head and shoulders bottom pattern for Bitcoin remains intact, with the left shoulder around $59,000, the head around $57,000, and the right shoulder forming. Bitcoin needs to recover to $73,000 and break through $87,000 to confirm the pattern. If confirmed, the mid-2027 target is $117,000, and the year-end target is $150,000 to $170,000. If Bitcoin falls below $57,000, the above predictions are invalidated.

On November 12, the server of the customer service outsourcing provider for the South Korean cryptocurrency exchange Coinone was illegally hacked by external attackers, resulting in the leakage of personal information of some users who had consulted the customer service center. The leaked information includes phone numbers, names, email addresses, dates of birth, bank account numbers, passwords, resident registration numbers, document issuance dates, home addresses, wallet addresses, and transaction IDs (TXIDs) provided by users during the consultation process, with specific details varying from person to person. Users without consultation records are unaffected. Coinone's member accounts, trading and virtual asset wallet systems are independent of the outsourced server, and no signs of direct intrusion have been found so far.