A Whale Avoids Liquidation by Selling 25,800 ETH, Incurring a Loss of Over $32 Million

Renowned trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, said in a social media post that Bitcoin’s price action may have formed a valid head and shoulders top pattern. If confirmed, this pattern would indicate that Bitcoin’s all-time high has been reached and will not be broken again at least in his lifetime.

Binance co-founder He Yi published an article stating that in the short term, a tightening macro environment and shifting market sentiment around AI financing prospects are putting pressure on various assets, a normal market reaction. However, in the long run, the fundamental logic underpinning Bitcoin and the crypto market remains solid: institutional infrastructure is continuously improving, market adoption is advancing, and volatility itself is an unavoidable part of the market’s maturation process.

Solana co-founder Toly today responded in a post to Bankless co-founder David Hoffman’s earlier discussion on blockchain resource requirements, stating that Solana has achieved the relevant goals and demonstrated a running test: Solana mainnet full nodes, using less computing power than a single tablet CPU core and connected via 5G network, took only 10 seconds to catch up to the latest on-chain blocks and participate in voting from scratch, a process that also included parallel compilation and initial snapshot synchronization. Earlier, Toly had said in 2023 that the cost of running Solana would be lower than the sum of all EVM chains, and its processed transaction volume would also exceed the total of all EVM chains. At that time, David Hoffman responded, pointing out that Solana had not sufficiently attempted to lower node operation thresholds, and emphasized that reducing resource requirements is an important cultural requirement for the long-term operation of blockchain systems, arguing that blockchains with lower resource needs are more sustainable.

The week of November 16 to 22 will bring a host of key events and economic data releases to global markets. Nvidia’s earnings report, Anthropic’s IPO, and the U.S. Federal Reserve’s monetary policy meeting minutes will be the core market focuses. Additionally, U.S. retail sales, employment data, and speeches from multiple Fed officials are also worth monitoring. For tech stocks: Nvidia will release its earnings report after U.S. market close on Tuesday, with investors eyeing its AI chip demand, data center business, and future performance guidance. Nvidia’s interim CEO is scheduled to hold a company-wide staff meeting on Thursday, with management adjustments and the firm’s strategic moves drawing attention. Anthropic plans to start IPO trading on Thursday, a major milestone for the AI industry in capital markets. The performance of tech giants and their AI investment progress are also notable. On the macroeconomic data front: U.S. October retail sales, industrial production, and import price index will be released on Tuesday. October new housing starts, building permits, and existing home sales data will come out on Wednesday. Initial jobless claims and the Philadelphia Fed Manufacturing Index will be published on Thursday. The Federal Reserve will release its monetary policy meeting minutes on Thursday, while officials including Chair Waller and New York Fed President Williams are also set to deliver speeches.

According to Iran's Tasnim News Agency, the spokesperson for Iran's Majlis National Security and Foreign Policy Commission, Kashkavi, stated on the 15th that the commission has completed a professional review of the plan related to the Strait of Hormuz and reached an agreement on relevant shipping lanes with two coastal countries. The agreed lanes will first be implemented on a temporary basis before being converted into a permanent arrangement. Currently, the plan is pending the Majlis Presidium to include it on the plenary session agenda and submit it for a vote. Kashkavi also noted that Iran has never initiated an act of aggression and is currently in a defensive state; under international law, Iran considers itself to be in a state of war in both the Persian Gulf and the Gulf of Oman.

On-chain analyst Specter published a post stating that rumors of the Ethereum Foundation selling ETH have been swirling in the market recently, but the attribution of some related wallets lacks sufficient evidence. Taking a wallet marked as an address linked to the foundation as an example, Specter noted that while its early fund flows can be traced back to Ethereum Foundation-related addresses, it has gone through multiple transfers between independent entities in between. This wallet has participated in DeFi activities including BAT ICO, Compound, and Maker, with over 3,400 cumulative transactions, aligning more with the profile of an independent investor long involved in ICOs and DeFi. It cannot be deemed an Ethereum Foundation wallet solely based on early fund associations. Early ETH allocations may be payments to engineers or team members, or may involve private transactions or over-the-counter purchases by investors. The Ethereum Foundation disclosed in January 2016 that it conducted a private sale of ETH worth roughly $650,000 to individuals and enterprises, so the relevant funds may also stem from such transactions. Historical transaction links do not prove that two addresses are held or controlled by the same entity. Directly labeling all wallets that have had fund flows with foundation addresses as team wallets lacks sufficient basis, and could even spark unnecessary market panic. Reliable wallet attribution judgments should combine on-chain tracking with independent off-chain evidence.