November 21st, according to Bloomberg, despite the recent accelerated downturn in the crypto market, Tom Lee still believes in an interview that Bitcoin will reach $150,000 to $200,000 by the end of January next year. He believes that the long-term strength of retail investors will continue to drive the market higher. He said that in the past decade, those who have failed to maintain a bullish view have "always been wrong."It is worth noting that Tom Lee made a similar prediction in September at the 2025 South Korea Blockchain Week Impact Summit, where he forecasted that Bitcoin would reach $200,000 to $250,000 by the end of the year and set Ethereum's target at $10,000 to $12,000.

November 21st, according to Defilama data, the 24-hour trading volume of various Perp DEXs has continued to rise,Aster now ranks first with a volume of 112 billion US dollars, Hyperliquid has surpassed Lighter to take the second spot. The current partial Perp DEX trading volumes are as follows:Aster has a 24-hour trading volume of approximately 112.5 billion US dollars, a TVL of around 13.9 billion US dollars, and open interest of 22.5 billion US dollars;Hyperliquid has a 24-hour trading volume of about 107.7 billion US dollars, a TVL of around 43.8 billion US dollars, and open interest of 75.0 billion US dollars;Lighter has a 24-hour trading volume of around 101.3 billion US dollars, a TVL of around 12.1 billion US dollars, and open interest of 17.5 billion US dollars;EdgeX has a 24-hour trading volume of about 71.0 billion US dollars, a TVL of around 4.72 billion US dollars, and open interest of 6.72 billion US dollars;ApeX has a 24-hour trading volume of about 27.3 billion US dollars, a TVL of around 48.77 million US dollars, and open interest of 38.32 million US dollars;Backpack has a 24-hour trading volume of about 15.3 billion US dollars, TVL not disclosed at the moment, and open interest of 1.89 billion US dollars;Variational has a 24-hour trading volume of about 13.5 billion US dollars, a TVL of around 69.46 million US dollars, and open interest of 31.6 million US dollars;Pacifica has a 24-hour trading volume of about 10.8 billion US dollars, a TVL of around 41.64 million US dollars, and open interest of 48.74 million US dollars.

November 21, according to HTX market data, Bitcoin once again fell below $82,000, now trading at $81,930, with a 24-hour decline expanding to 8.9%.

November 21st, according to PeckShield monitoring, an Aave whale (0xdaf5...3f55) was liquidated for $7.83 million during a sustained market downturn.The whale was longing WBTC and used it as collateral to borrow USDT.

November 21st, according to Onchain Lens monitoring, a whale first deposited 5 million USDC into HyperLiquid and opened a 20x leveraged ETH long position.Currently, the position is worth 27 million US dollars, holding 10,000 ETH.

November 21, according to market data, Nvidia (NVDA.O) stock price continued to fall in pre-market trading, down nearly 1%.

November 21st. According to analyst Murphy, in the past half month from November 4th to November 20th, the main distribution force in the whale group has come from wallets holding less than 100 BTC. For example, wallets holding 10-100 BTC collectively sold 24,911 BTC. On the other hand, the main accumulation force came from the largest group, the super whales holding 10k-100k BTC, who collectively acquired 68,030 BTC.This group started continuous distribution after reaching a peak holding in July last year, until mid-October this year when BTC fell below $106,000, and then resumed accumulation. The actions of whales indicate that they believe the current BTC price has reached a certain level of value. However, their accumulation may not immediately support the secondary market price. Based on historical data, whale behavior is often a process rather than always buying at the lowest point and selling at the highest point. But in the long run, they are rarely wrong.

November 21, according to an official announcement, Binance will list the BOB/USDT perpetual contract on November 21, 2025, at 18:45 UTC, with leverage of up to 20x.

November 21st. CZ's personal lawyer, Teresa Goody Guillén, stated in an interview on The Pomp Podcast on the 15th that Binance is still facing restrictions from multiple U.S. agencies such as the DOJ and CFTC. Regulatory personnel deployed by the U.S. Treasury through FinCEN are still supervising its compliance, even though Binance has exited the U.S. market and has no U.S. customers.Regarding the relationship between Binance, Trump, and World Liberty Financial, she pointed out that there is no evidence to support the media's labeling of the financial company as a Trump entity. The issuance of its stablecoin on the BSC is a publicly transparent normal business practice. She used the analogy of "buying wheat with Swiss francs does not equate to investing or bribing Swiss politicians" to refute the allegation of bribing the president to obtain a pardon.