Binance's Ethereum reserves drop to their lowest level since 2021.

OneKey founder Yishi stated in a social media post that financial markets never trade yesterday’s sentiment, but rather expectations of future consensus and liquidity. The recent BTC price trend has disappointed many investors, with the entire crypto market generally gripped by fatigue, and some investors suffering severe financial losses and portfolio drawdowns. However, now is precisely not the time to succumb to despair. Market washouts and liquidity crunches are part of cyclical evolution; similar phases were experienced in 2015, 2018, 2022, and 2026. Even if BTC falls from $1 million to $500,000 in the future, the market may repeat this process. Core assets with genuine long-term value often solidify their positions when market attention is at its lowest and sentiment is most pessimistic. Investors should avoid using leverage and high-risk debt to bet on cycle bottoms, stay away from altcoins and get-rich-quick illusions, stick to holding core spot assets, and maintain sufficient cash flow to support normal living expenses. BTC often completes market washouts through extreme despair; only when market sentiment is completely frozen can the next rally possibly begin. In harsh market environments, survival is always the top priority, and time will ultimately select investors who can truly endure full market cycles.

According to on-chain analyst Ai Yi (handle @ai_9684xtpa), Binance contract live smart money account "Luke Alpha" is sitting on an unrealized loss of $6.196 million on long positions in Bitcoin and Ethereum, ranking first across the 24-hour, 7-day, and 30-day loss lists. It currently holds 13,000 ETH long positions with an entry price of $2,218.85, translating to an unrealized loss of $5.031 million; and 100 BTC long positions with an entry price of $77,329.81, for an unrealized loss of $1.165 million. As of November 4, the account was still holding a profit of $5.468 million, which has now been fully wiped out, with total asset fluctuations exceeding $11.66 million in just 12 days.

According to South Korea’s Electronic News, SK Hynix plans to further expand production capacity of its fourth-generation High Bandwidth Memory (HBM4). Multiple sources from semiconductor equipment firms told reporters on November 15 that SK Hynix is in talks with partners to place orders for HBM4 production equipment, primarily coordinating procurement timelines and volumes with suppliers handling HBM back-end processes including bonding, dicing, and inspection. A source close to one of SK Hynix’s suppliers stated: “SK Hynix is advancing additional investments in HBM4 production equipment, aiming to complete equipment delivery, on-site setup, and commissioning in the first half of next year, and is accelerating relevant arrangements.” The company has required some equipment to be delivered no later than the first quarter of next year, signaling the expansion plan is moving at a rapid pace. The new capacity will mainly be deployed at SK Hynix’s P&T6 plant in Cheongju, South Korea. Formerly called M8, the facility was selected as SK Hynix’s HBM production base in 2025, with HBM line construction starting there earlier this year. The additional expansion means the company plans to further ramp up HBM4 capacity, with progress potentially ahead of the original schedule. Another industry insider added: “The company intends to maximize idle space at the P&T6 plant to boost HBM4 capacity. If the entire facility is fully operational, it could add over 20,000 HBM wafers per month.”

According to HTX market data, Bitcoin briefly broke through the $66,000 threshold and is now trading at $65,857, with its 24-hour decline narrowing to 1.88%.

According to Bloomberg, the top scorer of South Korea’s national tax accountant qualification exam has admitted cheating during the test using generative AI and electronic devices, and has voluntarily surrendered to police. On Sunday, Han Won Seok (transliterated) appeared in a video posted on his lawyer’s YouTube channel, his face covered by a mask. He confessed to using a mini camera to capture exam questions, sending the questions to an AI system, and then accessing the answers via a smartphone. He stated that he had submitted a written statement to the Seoul Metropolitan Police Agency.

According to HTX market data, Bitcoin has rebounded to break through the $65,000 mark, currently trading at $65,275, with its 24-hour decline narrowing to 2.5%.