Benson Sun reviews the cryptocurrency market decline: Multiple external shocks have altered the premise of bull market judgments, and one should not cling to original assessments.

On-chain analyst Ai Yi (@ai_9684xtpa) monitored that address 0x138…73b4D withdrew 1,292,895 UNI from Binance between October 10 and 13. At an average price of $7.42, the position’s entry cost is roughly $9.59 million. After holding for about a month, the address transferred 592,895 UNI of the holdings to a trading platform in the past 7 hours; this portion of the position is estimated to have incurred a loss of around $1.547 million, with a loss rate of approximately 35.2%. The address’s remaining 700,000 UNI carry an unrealized loss of about $1.673 million.

Anchorage Digital’s Head of Research David Lawant noted in a post that Bitcoin’s selling pressure remains primarily driven by the U.S. The chart he shared shows that between November 9 and 14 UTC, the cumulative volume difference (CVD) of major BTC spot trading pairs on Coinbase fell to approximately -8,900 BTC, indicating active sell volume outpaced active buy volume by around 8,900 BTC — the largest gap among the four exchanges included in the chart. During the same period, Binance and Bybit’s CVD stood at roughly -3,100 BTC and -700 BTC respectively, while OKX’s CVD was approximately +1,400 BTC.

Wellington-Altus strategy analyst James E. Thorne published a report stating that Bitcoin’s "head and shoulders bottom" technical pattern remains intact. The left shoulder is near $59,000, the head is around $57,000, and the right shoulder is currently forming. He pointed out that the recent sell-off was mainly triggered by the liquidation of leveraged positions, not a deterioration in fundamentals, and advised buying amid the panic. Bitcoin will first need to reclaim $73,000, then break through $87,000 to confirm this pattern. If the pattern is validated, Thorne’s mid-2027 Bitcoin target is $117,000, and he expects the cryptocurrency to subsequently surpass its all-time high of $126,000, with a year-end target of $150,000 to $170,000. If Bitcoin falls below $57,000, the above assessment will be invalid.

South Korean crypto exchange Coinone announced that in the early hours of November 12, servers of its customer service outsourcer MetaM were breached by external attackers, leading to the leakage of personal information left by some customers during chat or phone consultations. Coinone received a report from the outsourcer at approximately 9:20 AM the same day, and disclosed the incident on November 15. Users with no customer service consultation records are not affected. Coinone noted that its account, trading, and wallet systems operate independently of the outsourcer’s servers, and no direct breaches of these core systems have been detected. Potentially leaked data includes: name, phone number, email, date of birth, account number, password, South Korean resident registration number, document issuance date, residential address, wallet address, and transaction hash (TXID). The actual leaked items vary per user based on the information they provided during consultations. Coinone has not yet disclosed the number of affected users, and will inform users via individual notifications or a dedicated query service in the future. The exchange has blocked unauthorized access paths, switched outsourced customer services to email-based consultations, and strengthened monitoring of abnormal logins and transactions. It has also reported the incident to relevant South Korean regulatory authorities, and reminded users who provided passwords during customer service interactions to change their passwords for Coinone and all other sites using the same password immediately, as well as to beware of phishing calls, SMS, and emails impersonating customer service staff.

According to HTX market data, Bitcoin has rebounded to break through $65,000, with its 24-hour decline narrowing to 3.9%.

According to HTX market data, Bitcoin once dipped to $62,006 before rallying rapidly. In the past hour, it has rebounded to $64,836, a roughly 4.56% gain from the low point, recapturing the $64,000 threshold it held ahead of the sharp sell-off.