November 11th, CryptoQuant analyst Axel posted on social media today, stating that since August, the Bitcoin Short-Term Holders (STH) group has seen an increase of 1 million BTC in their holdings, reaching a total of 5.4 million BTC, a growth of 24.7%. Despite these holders currently being at a loss, new investors continue to enter the market.

November 11th - A recent article published by Forbes quoted Bitget CEO Gracy Chen's latest views on ETF inflows and institutional fund impact. She pointed out that the current core driver of Bitcoin's price has shifted to U.S. market liquidity, rather than capital from Europe, the Middle East, or Asia. Funds from these regions are more inclined to flow into the gold and stock markets, which also explains the strong performance of gold, AI-related U.S. stocks, and Chinese stock indexes this year.Gracy Chen believes that once the U.S. government ends the shutdown in November (as predicted by Polymarket to resume operations on the 14th), fiscal spending and market liquidity will restart; if the Fed pauses its balance sheet reduction in December and initiates a rate cut cycle, a new bull market for Bitcoin may officially begin.As early as January this year, Gracy Chen boldly predicted, "BTC is expected to break through $130,000 and further surge to $150,000 to $200,000." Although this target has not yet been achieved, she emphasized that once the government shutdown ends and the Fed turns accommodative, Bitcoin reaching $150,000 is only a matter of time, whether in the fourth quarter of this year or the first quarter of next year. "I have personally fully loaded again and look forward to witnessing Bitcoin set a new all-time high."

November 11th, according to market sources, Hyperliquid has added a new AERO/USDC perpetual contract, supporting up to 3x leverage.

November 11th, according to LookIntoChain monitoring, a whale has just deposited all of his 1.71 million UNI tokens (worth $15 million) accumulated between February 4th and October 12th into Binance, now selling would mean a $1.45 million loss.

November 11th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after the recent rebound in the crypto market, market participants still maintain a bearish outlook on altcoins and have started to bearish on BTC and ETH again. The specific funding rates are shown in the figure below.BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

November 11th, according to Coinbob Popular Address Monitoring, influenced by the continuous decline in ZEC's price today, in the past 9 hours, the "Accurate ZEC Strategy" whale (0x96e) has been gradually reducing its holdings and cutting losses in ZEC by more than 30,000 coins since ZEC fell below its average holding price, resulting in a loss of approximately $960,000. The remaining position has an unrealized loss of $950,000 (46%), with a liquidation price of $420. The position size has decreased from $37.01 million yesterday to $10.37 million.Since November 3rd, the address has successively deposited $2.21 million into Hyperliquid, then opened a 5x leveraged ZEC long position and has been continuously rolling over the position. At one point, the principal grew to over $10.5 million. Before reducing the position, it was the largest ZEC bull on Hyperliquid.According to monitoring, the largest ZEC short on Hyperliquid (0xd47) has consistently added to the position to flatten ZEC. The unrealized loss has decreased from $20.19 million to $10.87 million, with an average holding price of $336. The position size is approximately $30.64 million, and there has been no liquidation so far.

November 11th, CryptoQuant founder Ki Young Ju tweeted, stating, "Since Bitcoin's price dropped to $100,000, whales have cashed out billions of dollars. I said earlier this year that the bull market cycle was over, but the inflow of funds into MSTR and ETFs ended the bear market. If these funds stop flowing in, the sellers will dominate once again. Currently, the selling pressure is still significant, but if you believe in a strong macroeconomic outlook, now is a good time to buy."

November 11th, according to HTX market data, Bitcoin briefly dropped below $105,000, currently trading at $104,962.

November 11th, according to Onchain Lens monitoring, a large institution/company deposited 1.19 million UNI tokens (worth $10.54 million) into Binance, resulting in a $914,000 loss.The whale/institution had accumulated these UNI tokens by investing $11.45 million between February 5, 2025, and October 12, 2025, from Binance and Flowdesk.