November 22, according to Coinglass data, if Bitcoin falls below $82,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.285 billion.Conversely, if Bitcoin breaks through $86,000, the cumulative short liquidation intensity of mainstream CEXs will reach $760 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to the adjacent clusters, i.e., the intensity.Therefore, the liquidation chart shows to what extent the price of an asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it will generate a more intense response due to a liquidity cascade.

November 21st, according to LookIntoChain monitoring, a whale address starting with 0xa5B0 bought 1,242 ETH in spot market in the past 2 days (worth about $3.67 million), and then deposited 5 million USDC to Hyperliquid in the past 10 hours to long 16,366 ETH with 20x leverage (worth about $44.3 million). The liquidation price of its position is $2,446.7.

November 21st, according to Techinasia, the Solana ecosystem yield trading protocol RateX has raised $7 million in its latest funding round, with investors including Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, and Summer Capital.RateX has raised a total of $10.4 million in funding over the past two years. RateX helps users trade and manage yield through tokenized financial products, and its recent Mooncake upgrade supports non-custodial leveraged token trading. In June of this year, the U.S.-listed company DeFi Development Corp strategically integrated its staked tokens with the RateX ecosystem to pursue additional yield strategies.

November 21st, according to Hyperinsight monitoring, the "HYPE Listing Insider Whale" has just started closing its STRK long position. Historical records show that this address opened a 5x STRK long position on the 13th, with a floating profit of approximately $2.57 million.As of the time of writing, it still holds a HYPE 5x long position, with a floating loss of $7.97 million.

November 21st, according to market information, pre-market trading saw a decline in multiple AI concept stocks in the US stock market, with Nvidia (NVDA.O) extending its decline to 3%, TSMC (TSM.N) down 2.6%, AMD (AMD.O) down 2.8%, and Oracle (ORCL.N) down 2.3%.The Euro Stoxx 600 index saw an expanded decline, currently down 1.1%. The European technology stock index fell by 3.1% to its lowest level since mid-September. At the same time, the European stock market volatility index rose to its highest level since May.WTI crude oil fell by 2.00% during the day, now trading at $57.51 per barrel. Brent crude oil is currently down 1.78%.Spot silver fell below $49 per ounce for the first time since November 10th, with an intraday decline of 3.29%. (FX678)

November 21st, according to Onchain Lens monitoring, the "Whale Who Once Shorted 66,000 ETH" bought another 23,733 ETH from Binance during the downturn, worth $65.7 million.In the past 16 hours, this whale has purchased a total of 90,690 ETH, worth $254.27 million. Currently, it holds a total of 465,691 ETH, worth $1.25 billion.

November 21st, according to Bloomberg, despite the recent accelerated downturn in the crypto market, Tom Lee still believes in an interview that Bitcoin will reach $150,000 to $200,000 by the end of January next year. He believes that the long-term strength of retail investors will continue to drive the market higher. He said that in the past decade, those who have failed to maintain a bullish view have "always been wrong."It is worth noting that Tom Lee made a similar prediction in September at the 2025 South Korea Blockchain Week Impact Summit, where he forecasted that Bitcoin would reach $200,000 to $250,000 by the end of the year and set Ethereum's target at $10,000 to $12,000.

November 21st, according to Defilama data, the 24-hour trading volume of various Perp DEXs has continued to rise,Aster now ranks first with a volume of 112 billion US dollars, Hyperliquid has surpassed Lighter to take the second spot. The current partial Perp DEX trading volumes are as follows:Aster has a 24-hour trading volume of approximately 112.5 billion US dollars, a TVL of around 13.9 billion US dollars, and open interest of 22.5 billion US dollars;Hyperliquid has a 24-hour trading volume of about 107.7 billion US dollars, a TVL of around 43.8 billion US dollars, and open interest of 75.0 billion US dollars;Lighter has a 24-hour trading volume of around 101.3 billion US dollars, a TVL of around 12.1 billion US dollars, and open interest of 17.5 billion US dollars;EdgeX has a 24-hour trading volume of about 71.0 billion US dollars, a TVL of around 4.72 billion US dollars, and open interest of 6.72 billion US dollars;ApeX has a 24-hour trading volume of about 27.3 billion US dollars, a TVL of around 48.77 million US dollars, and open interest of 38.32 million US dollars;Backpack has a 24-hour trading volume of about 15.3 billion US dollars, TVL not disclosed at the moment, and open interest of 1.89 billion US dollars;Variational has a 24-hour trading volume of about 13.5 billion US dollars, a TVL of around 69.46 million US dollars, and open interest of 31.6 million US dollars;Pacifica has a 24-hour trading volume of about 10.8 billion US dollars, a TVL of around 41.64 million US dollars, and open interest of 48.74 million US dollars.

November 21, according to HTX market data, Bitcoin once again fell below $82,000, now trading at $81,930, with a 24-hour decline expanding to 8.9%.

November 21st, according to PeckShield monitoring, an Aave whale (0xdaf5...3f55) was liquidated for $7.83 million during a sustained market downturn.The whale was longing WBTC and used it as collateral to borrow USDT.

November 21st, according to Onchain Lens monitoring, a whale first deposited 5 million USDC into HyperLiquid and opened a 20x leveraged ETH long position.Currently, the position is worth 27 million US dollars, holding 10,000 ETH.

November 21, according to market data, Nvidia (NVDA.O) stock price continued to fall in pre-market trading, down nearly 1%.

November 21st. According to analyst Murphy, in the past half month from November 4th to November 20th, the main distribution force in the whale group has come from wallets holding less than 100 BTC. For example, wallets holding 10-100 BTC collectively sold 24,911 BTC. On the other hand, the main accumulation force came from the largest group, the super whales holding 10k-100k BTC, who collectively acquired 68,030 BTC.This group started continuous distribution after reaching a peak holding in July last year, until mid-October this year when BTC fell below $106,000, and then resumed accumulation. The actions of whales indicate that they believe the current BTC price has reached a certain level of value. However, their accumulation may not immediately support the secondary market price. Based on historical data, whale behavior is often a process rather than always buying at the lowest point and selling at the highest point. But in the long run, they are rarely wrong.

November 21, according to an official announcement, Binance will list the BOB/USDT perpetual contract on November 21, 2025, at 18:45 UTC, with leverage of up to 20x.

November 21st. CZ's personal lawyer, Teresa Goody Guillén, stated in an interview on The Pomp Podcast on the 15th that Binance is still facing restrictions from multiple U.S. agencies such as the DOJ and CFTC. Regulatory personnel deployed by the U.S. Treasury through FinCEN are still supervising its compliance, even though Binance has exited the U.S. market and has no U.S. customers.Regarding the relationship between Binance, Trump, and World Liberty Financial, she pointed out that there is no evidence to support the media's labeling of the financial company as a Trump entity. The issuance of its stablecoin on the BSC is a publicly transparent normal business practice. She used the analogy of "buying wheat with Swiss francs does not equate to investing or bribing Swiss politicians" to refute the allegation of bribing the president to obtain a pardon.

November 21st. According to an official announcement, Huobi HTX will launch the "USDD Limited Time Benefit Third Round" special event from 18:00 on November 21st to 18:00 on December 1st (UTC+8). During the event, users who complete the event registration, open the USDD Yield Wallet, and switch their U-based contract account to Cross Margin mode can enjoy multiple benefits, such as sharing a $50,000 prize pool and Yield Wallet interest coupons. The event includes: 1. Users who register and open the USDD Yield Wallet and achieve a specified cumulative contract trading volume will receive a USDD Yield Wallet interest coupon, with a maximum interest rate of 10% and no limit on the principal amount for interest calculation; 2. Registered users who use USDD as collateral for contract trading for the first time, with a trading volume of not less than 100 USDT, will receive a $2 equivalent reward in HTX; 3. Users who use Cross Margin mode for contract trading and have a USDD balance in their U-based contract account of ≥100 USDD, with a cumulative contract trading volume of ≥10,000 USDT during the event, can participate in a ranking competition to share rewards based on their trading volume.

November 21st. This afternoon, after a sharp market decline, the probability on Polymarket of "Bitcoin breaking below $80,000 in November" has risen to 55%, while the probability of "breaking below $75,000" has simultaneously risen to 21%.

November 21st. The U.S. Department of Labor released the September nonfarm payroll data, showing an addition of 119,000 jobs, far exceeding the market's expectation of 52,000 jobs. However, the unemployment rate unexpectedly rose to 4.4%, reaching a four-year high. This delayed employment report, released after the government shutdown, has become the last key data before the December FOMC (Federal Open Market Committee) meeting. The data itself is lagging and contradictory, further deepening policy divergences and making it difficult for the market to determine a clear interest rate path. The latest federal funds futures indicate that the probability of a rate cut in December has dropped to less than 40%, reflecting a rapid cooling of market expectations for easing.On a macro level, the stronger-than-expected nonfarm payroll data should have been hawkish. However, the sharp rise in the unemployment rate clearly indicates a weak internal structure in the labor market, sending a "fractured" signal and causing policymakers to have greater disagreements when interpreting the economic strength/weakness. The lagging nature of this data also makes it harder for the market to confirm the true economic momentum, leading to a renewed flight to safety in a high-interest-rate environment. This uncertainty is rapidly being reflected in risk assets.In the crypto market, BTC was significantly suppressed by the $93,000 resistance level and further dragged down by the cooling rate expectations, with prices briefly falling to around $85,000. Structurally, if unable to hold above $86,800, it may further test $80,200.A Bitunix analyst stated: In the vacuum of unclear interest rate and employment signals, the market is prone to amplified volatility, and short-term sentiment-driven technical structure trading is favored. It is advised to focus on three key points: 1) Whether subsequent labor market data revisions will reverse the market's assessment of economic weakness; 2) Whether the internal divisions within the Fed regarding rate cuts will continue to widen; 3) Whether BTC's structure can hold the low point, and whether it can retest the upper boundary of the range with liquidity replenishment. These factors will drive the price rhythm and risk preference direction in the coming week.

November 21st, in conjunction with analyst Yujin's compilation of Bitmine's latest position data, as of the 21st, Bitmine holds 3.56 million ETH, with an average price of $4009, a unrealized loss ratio of 31.87%, and an unrealized loss amount of $4.531 billion.