Analysis: The Super Whale's losses in this retracement were significantly lower than before, with key holdings still being held firmly.
On November 16th, on-chain analyst Murphy stated that against the backdrop of deteriorating market sentiment, the super whale group that truly holds a huge amount of chips remains relatively calm. On-chain data shows that large wallets holding 1000 to 10000 BTC have realized a loss of only $80 million (7D-SMA), a scale significantly lower than that seen during the two key pullback periods in August 2024 and March 2025. The larger whale group is in a similar position. Super whales holding 10,000 to 100,000 BTC have realized a loss of about $40 million (7D-SMA) in this drop, also significantly lower than the loss scale from the previous two periods. In terms of psychological expectations, risk tolerance, and position management, the main force in this round appears more mature and stable, and these core chips are still being firmly held.
Looking at the chip structure, the BTC price is still within the range of a large chip stack zone at $92,000 to $117,000. The majority of high-level tr
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Global ETF Issuance Explodes, with 15 New Cryptocurrency ETFs Listed in October
On November 16th, KobeissiLetter issued a market analysis indicating that the global ETF issuance is witnessing explosive growth. In October, the global ETF issuance increased by 19% year-on-year and reached a record high of 137. This has led to the total ETF issuance so far this year reaching 918, which is 25% higher than the full-year record of 736 in 2024.
In October, there were 95 new listings of stock ETFs, accounting for 69% of the total; 15 new listings of cryptocurrency ETFs, more than doubling the number in September. Leveraged stock and structured product ETFs accounted for nearly half of all new funds, with a total of 67. At the current rate, the total issuance of ETFs for the full year of 2025 is expected to exceed 1100, ushering in a new historical issuance boom.
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The mastermind of a 60,000 BTC money laundering case, Qian Zhimin, purchased the coins at an average price of 2815 yuan/coin. Tomorrow, a hearing on the disposal of the frozen assets involved in the case will be held.
On November 16th, as reported by Caixin, Qian Zhimin, the mastermind of a 60,000 BTC money laundering case, purchased Bitcoin at an average price of 2815 yuan per coin (with an unknown calculation method). On the day he was sentenced in the UK, the price of Bitcoin had increased by more than 266 times to 750,000 yuan per coin. Regarding the handling of the frozen assets involved by the UK judicial authorities, the UK side has not yet reached a substantial stage of returning or sharing with the Chinese authorities.
The Hedong Branch of the Tianjin Public Security Bureau, which is investigating the Lanting Ge Rui case, issued a notice on October 30th stating that the public security organs are still cooperating with UK law enforcement agencies to continue cross-border pursuit and recovery cooperation and are doing their best to recover the losses of the participants in the fundraising. On November 17, 2025, the UK High Court will hold another hearing on the disposal of the 60,000 Bitcoi
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Equation Founder: Bought More BTC Today as Long-Term Investment, Market in Overdue Panic
On November 16th, Vida, the founder of Formula News, announced that he had accumulated a certain amount of BTC today as a long-term investment. He also purchased a small-cap Meme coin for a few months of short-term speculation. The total expenditure was equivalent to 0.7% of his net worth, indicating a rather casual move with relatively limited gains and losses. Currently, he is more optimistic about the performance of the crypto market in the coming months because:
As I analyzed, even if the U.S. stock market declines, it won't plummet too dramatically. The significant drop in the crypto market seems to be a bit overly panicked;
BTC is currently at the support level of the 1-week supertrend indicator, which can be regarded as the most effective support in this bull market cycle;
The sentiment in the altcoin market is somewhat overly panicked, and buying during times of excessive panic usually has a higher success rate.
Of course, the best buying opportunity in the world is when St
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DEX trading volume on the entire chain decreased by 21.6% compared to the previous week, amounting to $952.29 billion.
On November 16th, as per the data from DeFiLlama, the total value locked across all DEXs during the past week amounted to $952.29 billion. This represents a decrease of approximately 21.6% compared to last week's figure of $1,215.32 billion and a decline of around 44.3% from this year's all-time high of $1,711.04 billion.
During the past week, the on-chain DEX trading volume on Solana was $238.15 billion, securing the first position. BNB Chain followed with $225.61 billion, and Ethereum came in third with $168.29 billion.
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Trump recently purchased over $82 million in bonds related to industries benefiting from his policies
On November 16th, as per Reuters, Trump acquired at least $82 million worth of corporate bonds and municipal bonds from the late August to the early October period. These investments involve brand-new ventures in industries that benefit from his policies. According to a form released by the U.S. Office of Government Ethics, Trump carried out more than 175 financial transactions during this time. The disclosure document did not list the specific amounts of each transaction but only provided rough ranges. Trump's new bond investments cover multiple industries, such as:
Chip Manufacturers: Broadcom (AVGO.O), Qualcomm (QCOM.O)
Tech Companies: Meta Platforms (META.O)
Retailers: Home Depot (HD.N), CVS Health (CVS.N)
Wall Street Banks: Goldman Sachs (GS.N), Morgan Stanley (MS.N)
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