'Ultimate Bear' Whale Adjusts BTC Short Take-Profit Zone to $67,000

[South Korean Financial Authorities Plan to Sanction Multiple Crypto Exchanges for Anti-Money Laundering Violations] South Korean financial authorities plan to impose sanctions on multiple cryptocurrency exchanges for violating anti-money laundering obligations. After completing penalties against Dunamu (operator of Upbit), the FIU will sequentially handle related cases involving exchanges such as Korbit, Gopax, Bithumb, and Coinone. The Financial Supervisory Service has conducted on-site inspections of these exchanges since last year and is currently in the stages of legal review and sanction deliberation. Due to the need for a re-examination of Bithumb, its processing order may be delayed. In February this year, the FIU issued a warning to Dunamu's responsible party and suspended new customer deposits and withdrawals for three months. On November 6, it imposed a fine of 35.2 billion Korean won. Other exchanges are expected to face fines amounting to hundreds of billions of Korean won, with specific amounts determined based on the severity of violations. Given the large number of cases, the FIU expects most sanctions to be completed by the first half of next year.

[25,904,500 STRK Transferred to Coinbase Prime, Valued at Approximately $3.847 Million] According to Arkham data, 25,904,500 STRK (valued at approximately $3.847 million) was transferred to Coinbase Prime.

[Ethereum Spot ETF Had a Net Outflow of $500 Million Last Week, Marking the Third Consecutive Week of Net Outflows] According to SoSoValue data, from November 17 to November 21 (Eastern Time), Ethereum spot ETFs experienced a weekly net outflow of $500 million, marking the third consecutive week of net outflows. The Ethereum spot ETF with the highest net inflow last week was the Grayscale Ethereum Mini Trust ETF (ETH), with a weekly net inflow of $80.88 million and a historical cumulative net inflow of $1.424 billion. The second highest was the Bitwise ETF (ETHW), with a weekly net inflow of $14.19 million and a historical cumulative net inflow of $399 million. The ETF with the largest net outflow was the BlackRock ETF (ETHA), with a weekly net outflow of $559 million and a historical cumulative net inflow of $12.89 billion. The second largest net outflow was recorded by the Grayscale Ethereum Trust ETF (ETHE), with a weekly net outflow of $31.82 million and a historical cumulative net outflow of $4.92 billion. As of press time, the total net asset value of Ethereum spot ETFs stands at $16.86 billion, with an ETF net asset ratio of 5.10%, and a historical cumulative net inflow of $12.63 billion.

Binance BNB/USDT is currently trading at $850.74, with a 5-minute increase of 0.46%. Please pay attention to market fluctuations.

On November 24, on-chain AI analysis tool CoinBob detected that the 'Ultimate Bear' whale (0x5D2), who opened a 20x BTC short position on May 9, currently has an unrealized profit of approximately $29.78 million. Recently, this address adjusted its take-profit zone down to $67,000, previously set between $89,000 and $91,000. This month, the account has withdrawn approximately $34.09 million in margin and transferred a total of $40 million to a Binance wallet. The current position size of this address is approximately $106 million, with an average entry price of $111,500 and a liquidation price that has dropped from $105,700 to $92,000 over the past 10 days. With an estimated liquidation rate of about 5.75%, it is currently the largest BTC short position on the Hyperliquid platform.