If Bitcoin drops below $84,000, the mainstream CEX long liquidation pressure will reach $1.185 billion

November 21st. Billionaire investor Ray Dalio, the founder of Bridgewater Associates, holds the belief that even if one is concerned that the market frenzy is a bubble on the verge of bursting, one should not hastily abandon the field of artificial intelligence (AI). In an interview with CNBC on Thursday, he stated that he is firmly convinced that the current stock market is deeply trapped in a bubble, but this still is not a valid reason for investors to exit AI trades. Dalio explained to the media that the reason why investors should remain in the market is straightforward: the conditions for the current bubble to burst simply do not exist. "Do not sell merely because of a bubble," said the legendary fund manager. "One needs to time it. What will cause the bubble to burst? Usually, it is the tightening of monetary policy, and we are not facing such a situation at present." In Dalio's opinion, the bubble will only burst when there is a demand for asset liquidation in the market. He

On November 21st, according to CoinGecko data, with Bitcoin falling below $86,000 today, the total crypto market capitalization dropped to $3 trillion. Currently, it stands at $3.018 trillion, with a 24-hour decline of 6.3%.

On November 21st, as per the monitoring of Onchain Lens, a whale transferred 2.24 million USDC into Hyperliquid and initiated a 40x leveraged short position on Bitcoin.

On November 21, according to the monitoring of Hyperinsight (accessible via https://t.me/HyperInsight), the "largest BTC short position" on Hyperliquid is currently shorting 1231.98 BTC with a leverage of 20 times (approximately $105 million). It has an unrealized profit and loss (PNL) of $31.8 million, and the average entry price is $11,1499.

On November 21st, based on the latest CoinWarz data, due to the fluctuation of the network hashrate and a slight price rebound, the daily revenue from Zcash (ZEC) mining has experienced a mild increase. At present, the average daily output has slightly improved compared to the previous day, and miner sentiment has stabilized in the short term. Currently, the mining difficulty of the ZEC network is 154.26 M, which is close to its all-time high.

On November 21st, Citibank and Swift announced the completion of a pilot project for Payment-versus-Payment (PvP) settlement between fiat currency and digital currency. This has validated the interoperability of the traditional financial system with a distributed ledger network. The pilot project was built on the existing Swift infrastructure and achieved seamless integration through an institutional-grade blockchain connector, a business process coordinator, and smart contracts. Additionally, Citibank used a test version of USDC on the Ethereum Sepolia testnet to simulate a near-production environment.