SHELL Buyback Address has once again withdrawn 1 million tokens from Binance, and the buyback progress has reached 81.2%.

Update: On November 23rd, based on HTX market data, Bitcoin saw a rebound and exceeded $86,000, currently trading at $86,056. Ethereum also broke through $2,800 and is now priced at $2,808.

On November 23rd, the prominent Chinese crypto analyst Banmuxia stated on social media that the bullet-loading moment for Bitcoin has come. $80,500 can basically be confirmed as an important low point of this bear market, and it may even be the lowest point. However, this does not imply that the bear market has ended. This round of the bear market has been running for more than 3 months and may continue for another 3-4 months, but this is a sideways bear market. (ps: This is just an analysis. Specific trading should be planned carefully. However, spot transactions can be steadily bought and held until the end of the next bull market.)

On November 23rd, the AI Smart Agent Port3 Network issued a security alert on social media this morning. It was stated that a hacker took advantage of the BridgeIn vulnerability to mint an additional (10 billion tokens). In order to protect users, the team removed some liquidity and was preparing to communicate with the hacker. On-chain data shows that the hacker sold a large amount of tokens on the chain but did not deposit them into a centralized exchange (CEX). Subsequently, the Port3 team removed the on-chain liquidity, preventing the hacker from further cashing out. Some exchanges also shut down their deposit channels. Eventually, the hacker burned all the remaining tokens. Market data shows that as of the time of writing, this event caused the PORT3 token to fall by 82%, dropping from this morning's $0.037 to a low of $0.0066 and now rebounding to $0.0086. The market capitalization is only $4.05 million and the fully diluted value (FDV) is $8.11 million.

On November 23rd, Bitwise advisor Jeff Park posted on social media and stated that a remarkable phenomenon during the recent selloff is that the volatility characteristics of the market are more similar to "Strike Price Stickiness" rather than "Delta Stickiness." (This implies that this selloff was not mainly caused by market makers' mechanical delta hedging but by market participants' concentrated views and actions around a specific price point (strike price).) This is in sharp contrast to the market behavior during an "Expiration Day." This characteristic indicates two possibilities: firstly, traders believe that the market may experience a rapid rebound; secondly, the volatility will continue to remain at a high level.

On November 23rd, the cryptocurrency transaction indicator analysis platform CoinKarma announced on social media that, based on the technical indicator CVD observation, after BTC lost a crucial long-term level this week, it has been facing strong selling pressure for consecutive days, resulting in an accelerated decline in the market. Nevertheless, we also noticed that on November 21st, the spot trading volume of BTC at the daily closing price on several exchanges reached a recent high, indicating a clear change in the hands of the market. This kind of "high-volume turnover with a surge in volume to stop the decline" structure is a typical short-term bottoming signal.

On November 23rd, Chris Burniske, who was formerly the lead of Ark Invest's crypto business and is currently a partner at Placeholder VC, posted on social media suggesting that the cryptocurrency market seems to be on the verge of a rebound, which is sufficient to make people bullish again. However, what followed was a further decline.