WEEX AMA Preview: 90% of People in the Crypto Space are at a Loss, How Will You Win?

On November 21st, based on HTX market data, Bitcoin dropped below $85,000 and is currently trading at $84,683, experiencing a 24-hour loss of 6.2%.

On November 21st, based on HTX market data, Bitcoin fell below $82,000 and is currently trading at $81,483, experiencing a 24-hour loss of 7.5%.

On November 21, according to data from Coinglass, nearly $960 million was liquidated within a one-hour period, and long liquidations accounted for $952 million.

On November 21st, as per the report by Aastocks, Daniel Lai, a member of the Hong Kong Stablecoin Oversight Committee and the Web3 Development Group, declared that currently, in Hong Kong, only fiat-collateralized stablecoins backed by legal tender are permitted. Applicants are required to have a minimum capital of at least 25 million Hong Kong dollars in order to ensure they possess sufficient financial strength to operate and manage market risks. The issuer's fiat funds must be invested in highly liquid and low-risk assets to guarantee the reliable support of the stablecoin's value. Furthermore, they must undergo an independent audit and present regulatory compliance proof to the regulatory authority.

On November 21st, Pundi AI declared a partnership with SUPERFORTUNE. SUPERFORTUNE is a mystical-driven prediction engine that integrates an ancient symbol system with modern market interpretation. This collaboration will bring together Pundi AI's transparent and community-driven data platform with SUPERFORTUNE's unique signal interpretation based on ancient knowledge and cultural insights. Pundi AI focuses on establishing a clear, trustworthy, and community-built on-chain dataset. Meanwhile, SUPERFORTUNE enriches the data with new interpretive aspects through methods such as astrology, numerology, and cultural beliefs. These time-tested methods continue to impact people's thinking and decision-making. Through this partnership, these interpretations will be transformed into structured data for developers to utilize in AI training and analysis. Additionally, SUPERFORTUNE's predictions and interpretations will become more transparent and traceable, with all data recorded through on-chain

On November 21st, according to the monitoring of Hyperinsight, in order to avoid liquidation, the "Big Player" has just decreased the scale of their long position in Ethereum by 25 times. As of the time of this writing, their long position has been reduced to 500 ETH, and the latest liquidation price is $2,755. This morning, the "Big Player" once again deposited 115,000 USDC into HyperLiquid to continue increasing their 25x leveraged long position in ETH, with a liquidation price of $2,818.30.