OneKey Founder: Steer clear of leverage and altcoins during market corrections, hold firm to Bitcoin spot positions.

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.”

CryptoQuant analyst Darkfost pointed out in a post that Binance’s Ethereum reserves have dropped to their lowest level since 2021. Currently, Binance holds an estimated 2.9 million ETH, marking a five-year low. The sharp decline in reserves suggests that as ETH prices continue to fall, many investors may be accumulating ETH on the dip, moving assets off exchanges for self-custody or to participate in yield-generating DeFi strategies, in anticipation of a more favorable market environment. This trend is also reflected in Binance’s Ethereum net flow data. Calculated using the 30-day moving average (30DMA), Binance’s ETH net flow has remained in negative territory for most of the recent period, indicating that outflows have consistently outpaced inflows. The sustained net outflow trend further reinforces the view that investors are accumulating ETH, but exchange asset outflows alone are not sufficient to confirm that investors are increasing their ETH holdings. In the long term, if exchange ETH reserves continue to decline, the amount of ETH available for immediate sale in the market may decrease. If demand picks up in the future, this could create a more favorable supply environment.

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%.