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An anonymous whale address starting with 0x71CC deposited 4,637 ETH worth $10.1 million into Galaxy Digital, Onchain Lens reported. The address withdrew a total of 4,892 ETH worth $11.85 million through Galaxy Digital’s over-the-counter trading desk over the past two months and now holds just 255 ETH worth $483,000. Exchange deposits are typically interpreted as intended for selling, and a sale of the deposited holdings would imply an expected loss of $1.27 million.

If Bitcoin rises above $68,033, about $318.68 million in short positions on major centralized exchanges could be liquidated, according to CoinGlass data. If BTC falls below $66,684, about $80.12 million in long positions could be liquidated.

The weekend decline in the crypto market was driven more by internal selling pressure than by external factors, according to Adam, an analyst at crypto options analytics platform Greeks.live. In a post on X, Adam said BTC had rebounded to $70,000 last night before the U.S. stock market opened, then quickly formed a long upper wick and fell. He said highly leveraged positions and short-term investors exited in large numbers during a period of sharp short-term swings that often appears just before a trend reversal. Even so, block trading remained active despite the weekend and accounted for more than 70% of total volume, Adam said. He added call option buying slightly exceeded other trading types, suggesting some buying interest flowed in even as prices declined.

Bitcoin’s active supply held at a loss has now exceeded the share held in profit, according to an analysis by on-chain analyst Darkfost. Excluding coins that have not moved for more than 10 years, less than 45% of Bitcoin’s current supply is in profit, meaning most active supply is now underwater, Darkfost said. Historically, bottoms often formed when that ratio fell below 40%, while downturns often followed when the share of supply in profit approached 100%, Darkfost added.

Recent Bitcoin selling has been driven by short-term holders with holding periods of under 155 days, while long-term holders holding for 155 days or more have largely stayed in profit and refrained from selling, on-chain analyst Checkmate said. Checkmate said the latest BTC decline marked the fourth capitulation sell-off following the cryptocurrency’s all-time high, with daily selling volume surging to more than $850 million from $420 million. More than 85% of total selling came from short-term holders who bought near the recent peak above $80,000, Checkmate said.

An anonymous newly created wallet starting with 0x47FD withdrew $2 million worth of ETH from Gate, according to Onchain Lens. Exchange withdrawals are typically interpreted as a move to hold the assets.

Decentralized perpetual futures exchange Aster (ASTER) is running an Anthropic (ANT) perpetual futures trading contest with a total prize pool of $20,000 from 2:00 p.m. UTC on Nov. 13 through 11:59 p.m. UTC on Dec. 12. The prize pool will be split into three categories: - 8000 USDT for taker trading volume rankings - 8000 USDT for net profit rankings - 4000 USDT for a participation reward pool To join, users must disable privacy settings in their Aster accounts and trade ANTHROPICUSDT or ANTHROPICUSD1 perpetual futures.

An anonymous whale known as 58bro.eth bought 10,501 ETH worth $20.77 million over the past two days at an average price of $1,978, according to Lookonchain. The whale sold 8,000 ETH worth $19.18 million a week earlier at an average price of $2,397 and has generated a total profit of $39.66 million on Hyperliquid so far.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.16% long, 49.84% short - Binance: 48.58% long, 51.42% short - OKX: 49.25% long, 50.75% short - Bybit: 48.78% long, 51.22% short

According to Bitcoin explorer Mempool, BTC mining difficulty fell 9.13% from the previous adjustment to 134.82 trillion at block height 975744, recorded 32 minutes ago. It marked the biggest drop since June 14, when difficulty fell 10.09%. A decline in Bitcoin mining difficulty reflects the network automatically lowering the computational threshold as a drop in hash rate slows block production. It also indicates miner exits amid weaker prices or rising costs, while improving profitability for remaining miners and easing selling pressure.

An anonymous trader known as smartestmoney is nearing liquidation on a 1.38 million HYPE long position opened in November last year at an average entry price of $38.6, according to EmberCN. The firm said the trader’s unrealized profit had reached $82 million when HYPE rose to $98, but shrank to $42.95 million after HYPE recently fell below $70. EmberCN added that the trader had withdrawn a substantial amount of collateral over time, pushing the liquidation price higher. The address’s current liquidation price stands at $62.09.

A wallet believed to belong to ShapeShift founder Erik Voorhees bought 2,504 ETH worth $4.75 million at an average price of $1,896, according to Lookonchain. The address, which starts with 0x335, was also estimated to have bought 23,091 ETH yesterday at an average price of $2,051.

Bloomberg said repeated waves of large forced Bitcoin liquidations have become more common as leveraged trading has expanded and macroeconomic headwinds have mounted. According to Coinglass data cited by Bloomberg, there have been 13 instances over the past year in which 24-hour BTC liquidations exceeded $500 million, including three cases above $1 billion. Ahead of Nov. 13, about $1.3 billion in long positions were liquidated across the crypto market over 24 hours, with most of that tied to Bitcoin, Bloomberg reported. Bitcoin has fallen more than 20% since Oct. 21 and dropped to $66,586 in Asian trading today, its lowest level since August. Paul Howard, senior director at trading firm Wincent, said higher-risk leveraged investment has increased over the past 12 months, amplifying liquidation volumes tied to macroeconomic issues. Bloomberg added that the crypto market is viewing ETF outflows, AI-driven risk aversion, the Binance hack and expectations for further Federal Reserve rate hikes as downside pressure.

Bitdeer said it sold all 256.1 BTC it mined this week. The company reduced its Bitcoin holdings to zero on Feb. 20 and has since been converting all newly mined BTC into cash.

U.S. spot Ethereum ETFs recorded $2.3 million in net inflows on Nov. 13, reversing course after a six-day outflow streak, according to Farside Investors. - Fidelity FETH: +$11.6 million - Grayscale ETH: -$9.3 million

U.S. spot Bitcoin ETFs recorded a net outflow of $185.4 million on Nov. 13, extending the streak to seven straight trading days, according to Farside Investors. - BlackRock IBIT: -$143 million - Fidelity FBTC: -$41.9 million

Web3 security data infrastructure provider GoPlus (GPS) warned that Telegram’s recently introduced HTML widget feature carries a remote code execution risk. Security researchers demonstrated the issue through bot messages on Android and desktop, while Telegram applied some fixes that did not fully resolve all problems, according to GoPlus. GoPlus said the issue could still be bypassed on PCs and advised users not to interact with unknown bots or press the Start button. The company also urged users not to open unfamiliar chats or suspicious links, to update to the latest version promptly once a full fix is confirmed, and to trust only officially verified channels.

Binance said it had resumed withdrawals on 87 networks during the week that began on Nov. 9. The exchange said it aims to restore withdrawals for all remaining networks and assets by Nov. 22.

According to CoinNess market monitoring, BTC has fallen below $67,000. BTC is trading at $66,895.58 on the Binance USDT market.

Strategy’s unrealized loss has exceeded $7 billion as Bitcoin fell below $67,000. The company currently holds 850,364 BTC at an average purchase price of $75,456.

An Ethereum Foundation-linked address starting with 0x5CBC6 has just sold another 1,000 ETH worth $1.9 million, according to ai_9684xtpa. The Ethereum Foundation is estimated to have sold a cumulative 7,785 ETH worth $16.35 million since Oct. 26 and now holds 10,000 ETH worth $19.03 million.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $711.82 million liquidated (91.24% longs) - ETH: $306.95 million liquidated (79.64% longs) - SOL: $68.25 million liquidated (93.46% longs)

Major exchanges have seen $231 million worth of futures liquidated in the past hour. In the past 24 hours, $1,445 million worth of futures have been liquidated.

Coinbase Institutional said in a weekly report BTC’s recent price decline was driven more by shifting expectations for U.S. Federal Reserve monetary policy than by the Binance hack. The report said both the U.S. October nonfarm payrolls reading and Consumer Price Index came in above market expectations, leading markets to price in a 25-basis-point rate hike in December and a cumulative 64 basis points of additional tightening over the next 12 months. It added that stablecoin supply fell by a record $11.5 billion over the past month, while U.S. spot Bitcoin ETFs saw about $1.4 billion in net outflows over the past five trading days. Based on the current average entry price for ETF investors of $77,000, unrealized losses are estimated at a combined $12.7 billion, according to the report.

7 Siblings, a dip-buying long-position investor in Ethereum, bought an additional 9,766 ETH worth $18.87 million at an average price of $1,933 about six hours ago, EmberCN reported. Across the current downturn, 7 Siblings has accumulated a total of 20,558 ETH worth $40.88 million, with an average purchase price of $1,988.