「Whale」 Increases Long ETH Position by Adding Approximately $710,000 in Margin, Position Value Reaches $6.2 Million

On November 13th, the CryptoQuant analyst Darkfost stated that the deleveraging process in the market is still in progress. Excessive risks are being gradually cleared and the usage of leverage is cooling down. In the past three months (90-day change), the open interest of futures contracts has decreased by 21%. During the adjustment periods in September 2024 and April 2025, approximately -24% and -29% declines in leverage were observed, and it is now approaching levels similar to the previous pattern. In the bull market phase, reductions in leverage positions often precede trend reversals, which helps to clean up the market and rebuild it on a healthier basis.

On November 13th, according to TheDataNerd's monitoring, an address 0x2dc that had been holding PEPE for two years deposited 168.55 billion PEPE into Binance. This is equivalent to approximately 969,000 USD. Two years ago, this address accumulated these tokens at an average price of 0.00000184 USD. As a result, it achieved a profit of 658,000 USD and had an investment return rate of 312%.

On November 13th, Binance is going to list the spot trading pairs of Lorenzo Protocol (BANK) and Meteora (MET), with seed labels enabled. The listing will occur today at 22:00 (UTC+8).

On November 13th, according to HTX market information. Due to its listing on Binance Spot, MET saw a rapid increase of over 10% in a short time. It is currently trading at $0.53, with a market capitalization of $250 million. Meanwhile, BANK surged by more than 70% in a short period and is currently trading at $0.13, having a market capitalization of $72 million.

On November 13th, the DeFi project Hyperwave within the Hyperliquid ecosystem announced that due to a rare decline in the exchange rate, all withdrawals submitted since Saturday (November 8th) for its HLP Treasury Yield Farming Token hwHLP need to be resubmitted. You can submit support tickets either on the official Discord or within the app. Earlier today, an address suspected of "malicious manipulation" manipulated the POPCAT price on Hyperliquid, which led to a loss of $4.9 million for HLP.

On November 13th, a key signal emerged on the Bitcoin monthly chart. The analyst at BiyaPay pointed out that for the first time, the MACD on the BTC monthly chart showed a death cross signal. This usually indicates that the market has entered the "early bear market" stage. Although the price is still above $100,000, from a technical perspective, the slowdown in the monthly trend is obvious. The candle has broken below the short-term moving average, and the momentum bar has been consistently shrinking, suggesting exhaustion in the uptrend. The analyst stated that it is currently more appropriate to maintain a "bearish but not short" strategy. On the one hand, the early bear market often comes with repeated oscillations. Blindly going short can easily lead to a rapid pullback. On the other hand, there are still policy and liquidity variables in the medium to long term that have not been resolved, and there is a need for periodic rebounds in the market. For investors, BiyaPay recommends