「Whale」 Marginally Increases Long Position on ETH by 25x, Position Worth Around $25 Million

On November 16th, as per the monitoring of LookOnChain, Arthur Hayes, the co-founder of BitMEX, once again disposed of tokens. He sold 260 ETH (valued at $820,000), 2.4 million ENA (worth $651,000), 640,000 LDO (worth $480,000), 1,630 AAVE (worth $289,000), and 28,670 UNI (worth $209,000), with a total selling value of approximately $2.45 million. This morning, Arthur Hayes has sold 520 ETH (worth $1.66 million), 2.62 million ENA (worth $733,000), and 132,730 ETHFI (worth $124,000).

November 16th. Regarding the recent spread of the unfounded accusation that "The OKX Wallet has a backdoor", OKX CEO Star posted on the X platform, stating, "The private key module of the OKX Wallet and all related smart contracts have been fully open-sourced. Several industry players (including peers) are using our open-source code. This is our long-term commitment to promoting industry transparency and security. As for the non-private key module, the source code is not currently open because these parts are considered proprietary software. Users are free to choose whether to use the OKX Wallet based on their own needs and preferences." He further pointed out that the OKX Wallet is also one of the earliest providers of MPC non-custodial wallet services in the industry. Due to limitations in the market acceptance, user experience, DApp support, and other aspects of the early versions of MPC products, we have decided to completely shut down the old version MPC wallet and launch a more

On November 16th, Tom Lee, the Chairman of Bitmine and the first institutional holder of Ethereum, stated: "Recently, one (or two) market makers with significant balance sheet problems have exposed a vulnerability in the crypto market. Whales are circling and intending to trigger liquidation and sell off BTC. Is this pain temporary? The answer is yes. Will this change ETH's super cycle (that is, Wall Street building an ecosystem on the blockchain)? The answer is no. But at present, it is not the time to use leverage. Do not get liquidated."

On November 16th, Arthur Hayes, a co-founder of BitMEX, once again promoted ZEC. He said, "The Christmas present I desire is ZEC. This week, we are holding a meme contest with a prize of 10 ZEC. Please create a meme about what gift you hope to receive from Black Santa Claus." According to HTX market data, ZEC has exceeded $700, with a 24-hour increase of 6.6%.

On November 16th, a national representative survey carried out by The Associated Press and the University of Chicago showed that Trump's economic approval rating has fallen to 33%, and the disapproval rating is 67%.

On November 16th, Nic Carter, the founder of Smart Contracts and the co-founder of Castle Island Ventures, stated that it is not ironic to claim that the market situation in 2025 will be "worse." Although some negative events also occurred in 2022, cryptocurrency was the center and focus of all those events. The price decline can be attributed to the catalysts that we are bound to overcome. Nowadays, cryptocurrency has become the neglected child, and artificial intelligence and the seven giants of the U.S. stock market have become the protagonists. Retail investors' attention is focused on data centers, quantum computing, and rare earth stocks. The downward trend of cryptocurrency is not due to any specific catalyst but simply a result of a weak market, a lack of attention and buyers, and the aftermath brought by the long-standing poor performance of Distributed Autonomous Technology (DAT). Does this mean that everything is over? No. It's just that concepts such as the "four-year cycl