November 19th, according to Dune data, Solana-based perpetual contract trading platform Pacifica has currently accumulated a supply of approximately 133 million tokens. Tomorrow, it will complete the next round of 10 million token distribution. The current cumulative number of users is 30,266, with 10,436 weekly active users. The trading volume in the past 24 hours is around $717 million, with 222 users trading over $100,000.In addition, according to the official announcement, the platform has added a liquidation heatmap to the chart section, which currently supports displaying liquidations with holdings up to $100,000. Users can view the wallet address, transaction volume, and holding size at the corresponding price level on the chart.For more information on tokens, check out the tutorial "Pacifica Trading Tutorial: Weekly 10 Million Token Reward, How Beginners Can Seize Early Benefits".

November 19th, QCP released its daily market observation, stating that this week, Bitcoin continued to fall, once dropping below the key $90,000 mark. The reason was that the market tightened its expectations for interest rate hikes and continued ETF outflows suppressed market sentiment. Thin liquidity further amplified this round of decline, demonstrating that Bitcoin is becoming increasingly sensitive to macroeconomic changes.This pullback occurred against the backdrop of the rapidly repricing expectations of the Federal Reserve—from a nearly certain December rate cut to roughly balanced probabilities. This pressure was felt by assets sensitive to interest rates like Bitcoin, while the stock market remained relatively stable due to robust corporate earnings reports, especially from hyperscalers reporting strong profits and record AI-driven capital expenditures.With the reopening of the US government, official data has been gradually released, providing the market with necessary insights into the economic fundamentals' momentum. This week, the market is highly focused on labor market data and the Conference Board's Leading Economic Index (LEI), which now includes the latest job vacancy data. This information will help determine whether labor tightness or inflation will drive the Federal Reserve's 2026 policy response.Beneath the surface, the US economy continues to exhibit K-shaped differentiation: high-income household spending remains resilient, while pressure mounts on low-income groups. Federal Reserve Chair Powell reiterated a cautious stance, stating that a December rate cut is "not a certainty." Overall, current economic conditions are closer to late-cycle rather than recessionary. Despite ongoing risks from fiscal constraints and labor market differentials, the resilience of household balance sheets and robustness of corporate capital expenditures provide a cushion against downward pressures. This week's data will determine whether Bitcoin's pullback is a temporary position adjustment or the beginning of a broader decline in risk appetite.

November 19th, glassnode released an on-chain analysis indicating that Bitcoin has dropped below the 0.75 Cost Basis Quantile, a level historically considered a bear market zone.Throughout past cycles, reclaiming and holding above this level has been crucial for restoring a bullish market structure. Bulls are hoping to see Bitcoin reclaim this level.

November 19, according to official sources, the cryptocurrency exchange Kraken has listed OVERTAKE (TAKE) spot trading.

November 19, according to Cointelegraph, Strategy founder Michael Saylor is unconcerned about the impact of Wall Street entering the Bitcoin market on price and volatility. In an interview on Tuesday, Michael Saylor stated: "I believe that Bitcoin volatility has significantly decreased." He mentioned that when he started buying Bitcoin for Strategy in 2020, the annualized volatility was around 80%. Since then, the Bitcoin volatility has been decreasing and is currently around 50%.He mentioned that Bitcoin's volatility may further decrease by about 5 percentage points every few years. As the asset matures, Bitcoin's volatility will approach 1.5 times that of the S&P 500 index, while the "performance will be 1.5 times better than the S&P 500." Furthermore, Michael Saylor stated that he is not worried about Bitcoin experiencing a more significant drop, as the company is designed to withstand a 80% to 90% drawdown and still operate normally.

November 19th, the MGBX platform announced that it will launch a "Seven-Day Profit Bonus" limited-time event from November 20th to November 26th, 2025 (SGT), open to all users. During the event, users participating in contract trading can share a total of 9,000 USDT in rewards.Among them, a $6,000 USDT profit bonus will be distributed in order of closing positions, where eligible orders will receive an additional 5% profit bonus; additionally, a $3,000 USDT trading enthusiasm reward will be allocated based on users' cumulative trading volume rankings.

November 19, according to HTX market data, Ethereum dropped below $3,000, with a 24-hour loss of 0.2%.

November 19th, OpenSea announced in a post on X platform that the Wave 2 phase rewards have been distributed. Some participants may receive NFT and token rewards, while active users will receive rewards such as upgraded loot boxes. The Wave 3 phase is now live.

November 19th, according to Coinglass data, if Bitcoin falls below $90,000, the cumulative long liquidation intensity of mainstream CEXs will reach 738 million.Conversely, if Bitcoin breaks above $92,000, the cumulative short liquidation intensity of mainstream CEXs will reach 179 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, that is, intensity.Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity surge once it reaches that level.