Top holder on Binance's real futures trading 24-hour loss leaderboard incurs $6.196 million in unrealized loss.

OneKey founder Yishi stated in a social media post that financial markets never trade yesterday’s sentiment, but rather expectations of future consensus and liquidity. The recent BTC price trend has disappointed many investors, with the entire crypto market generally gripped by fatigue, and some investors suffering severe financial losses and portfolio drawdowns. However, now is precisely not the time to succumb to despair. Market washouts and liquidity crunches are part of cyclical evolution; similar phases were experienced in 2015, 2018, 2022, and 2026. Even if BTC falls from $1 million to $500,000 in the future, the market may repeat this process. Core assets with genuine long-term value often solidify their positions when market attention is at its lowest and sentiment is most pessimistic. Investors should avoid using leverage and high-risk debt to bet on cycle bottoms, stay away from altcoins and get-rich-quick illusions, stick to holding core spot assets, and maintain sufficient cash flow to support normal living expenses. BTC often completes market washouts through extreme despair; only when market sentiment is completely frozen can the next rally possibly begin. In harsh market environments, survival is always the top priority, and time will ultimately select investors who can truly endure full market cycles.

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%.