Yesterday the US Bitcoin Spot ETF saw a net outflow of $9.032 billion.

On November 21, Tom Lee, the chairman of BitMine, stated in an interview with CNBC that the current weakness in the market is highly similar to the sharp decline on October 10. At that time, the largest-scale liquidation in history was triggered due to a stablecoin pricing error, which led to the liquidation of nearly 2 million accounts and an instant depletion of liquidity. Lee pointed out that such deleveraging cycles usually last about 8 weeks, and we are currently in the 6th week, suggesting that the market may be in the late stage of the adjustment.

On Thursday evening local time on November 21st, following Morgan Stanley, JPMorgan Chase withdrew its forecast of a 25-basis-point rate cut by the Federal Reserve in December. The bank still anticipates that the next rate cuts will occur in January and April of next year. However, Kevin Hassett, one of the candidates for the position of Federal Reserve Chair mentioned by President Trump and the Director of the White House National Economic Council, stated earlier on the same day that for the world's largest central bank, halting rate cuts at this moment would be a "very bad time" because the government shutdown has had an impact on fourth-quarter economic growth. He expects the government shutdown to cause a 1.5-percentage-point decline in fourth-quarter Gross Domestic Product (GDP). At the same time, he pointed out that the September Consumer Price Index (CPI) showed that inflation was performing better than expected.

On November 21st, as per the monitoring of LookOnChain, the whale address that "once borrowed coins to short 66,000 ETH" has once again made a purchase of 7,837 ETH (approximately $21.9 million), and now it holds a total of 440,558 ETH (approximately $1.23 billion).

November 21st - The Cabinet of Japanese Prime Minister Sanae Takaichi approved the largest supplementary budget since the pandemic broke out. Funds will be disbursed through a comprehensive plan to ease voter dissatisfaction. However, this move may raise concerns among investors closely monitoring Japan's fiscal situation. It has led to the yen falling to a 10-month low and the ultra-long-term government bond yield surging to a historical high. The Japanese Cabinet Office stated on Friday that this stimulus plan includes ￥17.7 trillion (approximately $112 billion) in general account spending. These expenditures are likely to be provided through a supplementary budget, representing a 27% increase compared to the scale introduced by its predecessor a year ago. The overall plan has a scale of ￥21.3 trillion, covering various aspects from price relief to targeted sector investment support. The large scale of price relief funds shows Sanae Takaichi's determination to address persistent in

November 21st. WEEX announced that at 17:00 (UTC+8) today in the WEEX official Chinese community, it will hold an AMA event with the theme "90% of people in the crypto circle are losing money. How can you win?" It is inviting 2 WEEX global ambassadors as guest speakers to discuss topics such as averaging down, taking profits, position management, and how to handle news that traders are concerned about. It also focuses on facing the most painful trading pain points and revealing the top trader's "anti-human nature" survival rules. Users can join the group to participate in the interaction and chat about the most challenging "human weaknesses" they need to overcome in trading.

On November 21, according to official information, Binance Alpha is scheduled to list MineD (DIGI) on November 22 and Kyuzo's Friends (KO) on November 23. Qualified users will be able to obtain airdrop rewards on the Alpha Activity page by using Binance Alpha points after trading commences. Further details will be announced shortly.