Global Mainstream Assets Experience a Generalized Decline, with US Stocks, European Stocks, Crude Oil, and Silver all seeing varying degrees of decrease

November 21st. Today, the meme coin market has plunged to its lowest valuation since 2025. The total market cap has dropped to $39.4 billion, with over $5 billion evaporating in the past 24 hours. This represents a decrease of about 66.2% from the historical high of $116.7 billion set on January 5th. Top meme tokens across the board have witnessed a sharp decline. In the past 1 hour, 24 hours, and 7 days, the top ten meme coins have all shown declines. DOGE and SHIB have recorded double-digit losses, while TRUMP has experienced the smallest drop but still fallen by 11.65%. The total market cap of NFTs today has dropped to $2.78 billion, which is a 43% decrease from $4.9 billion 30 days ago. It has hit the lowest point since April. Over the past 30 days, most of the top ten NFT collections have seen double-digit declines. The Hyperliquid Hypurr NFT series has experienced the largest drop of 41.1%. Additionally, Moonbirds has fallen by 32.7%, CryptoPunks by 27.1%, and Pudgy Penguins by

November 21, Bybit has officially introduced the BEATUSDT perpetual contract on its Innovation Zone, and the maximum leverage available is 25x.

On November 21st, according to HTX market data, Bitcoin rebounded and succeeded in breaking through $83,000. The 24-hour decrease was narrowed to 9.3%.

On November 21st, Glassnode announced that the Unrealized Loss of Bitcoin has reached its highest level since the FTX crash. Short-term holders have been the main driving force behind this capitulation sell-off. The scale and speed of the liquidations during the downturn indicate a substantial decrease in marginal demand. Recent new buyers have been exiting by liquidating their positions.

On November 21st, as per the monitoring of Onchain Lens, a wallet withdrew 307 BTC, which is valued at $25.31 million, from Binance. During the past month, this large whale has been continuously withdrawing BTC from Binance. Currently, it holds 4,576 BTC in its wallet, with a value of $377.3 million.

On November 21st, Ki Young Ju, the founder and CEO of CryptoQuant, published an analysis on the X platform, stating that the market weakness exceeded expectations. If this situation continues, Bitcoin may not experience a strong rebound within the next 3 to 6 months. It is expected that the real bull market rally will commence next year after liquidity recovers. In addition, Ki Young Ju quoted the view of macroeconomic expert @LukeGromen that there is weak demand for US Treasury bonds from abroad. If there is no new injection of liquidity, the US Treasury bond market will become unstable. Once liquidity recovers next year, the prices of scarce assets such as gold and Bitcoin are expected to rise. It is worth noting that this morning, Ki Young Ju also stated in a post that there is no need to be afraid of holding spot positions, and selling or shorting at this time is extremely unwise.