Ethereum Withdrawal Syndrome Continues, with a CEX Net Outflow of 119,700 ETH in the Last 24 Hours

On November 13th, as per the investing report, it seems that the "The Big Short" prototype Michael Burry deregistered his hedge fund Scion Asset Management with the US SEC this week. Burry also gave a hint about a significant announcement to be made on November 25th, but it is currently unknown what he is referring to. Burry posted an image on social media indicating that the SEC registration status of Scion has been terminated. A letter dated October 27th from Burry to Scion investors, outlining the closure of the fund, also seems to be circulating on social media. However, the authenticity of this letter cannot be verified immediately. The SEC deregistration may imply that Burry plans to convert Scion into a family office, which is a type of advisory that does not require SEC registration. Burry also clarified his short position on Palantir, stating that he spent approximately $9.2 million to purchase options for the stock, and these options will not expire until ea