Bitcoin Drops Below $95,000

On November 17th, according to Coinglass data, within the past 1 hour, the entire network had a liquidation of $59.26 million. There were $56.88 million in long liquidations and $2.37 million in short liquidations.

On November 16th, based on HTX market data, Ethereum fell below $3,100, experiencing a 24-hour decline of 2.6%.

On November 16th. Tom Lee, the chairman of the board of Bitmine, which is Ethereum's first hodling institution, stated: "Bitcoin is a high-volatility asset. We initially recommended Bitcoin to Fundstrat clients in 2017 (with a 1% - 2% allocation) when Bitcoin was around $1,000." Since then (over the past 8.5 years), BTC has witnessed: 6 drops of more than 50% and 3 drops of more than 75%. By 2025, Bitcoin has increased by 100 times compared to when we first recommended it. To gain profit from this 100x super-cycle, one must hold during those moments that seem like it is about to reach zero. The price of crypto assets reflects a huge future vision, so any doubt will lead to significant fluctuations. We believe that ETH is starting on a similar super-cycle."

On November 16th, based on data from Ultrasound.money, the net supply of Ethereum in the past 7 days saw an increase of 18,262 ETH. There was a net addition of approximately 18,904 ETH, and 642 ETH was burned through the deflationary mechanism. The total Ethereum supply has now reached 121,216,528 ETH, and the current supply growth rate is 0.786% per year.

On November 16th, based on HTX market data, Bitcoin is currently being traded at $95,574. The Bitcoin position of Strategy has an unrealized gain of $13.79 billion. As of November 9th, 2025, Strategy holds 641,692 bitcoins with a total value of approximately $47.54 billion. The average purchase price per bitcoin is around $74,079.

On November 16th, the founder of Strategy, Michael Saylor, once again released information related to the Bitcoin Tracker. Based on the previous pattern, Strategy always discloses information about Bitcoin accumulation on the second day following the release of relevant news.