November 21st. According to an official announcement, Huobi HTX will launch the "USDD Limited Time Benefit Third Round" special event from 18:00 on November 21st to 18:00 on December 1st (UTC+8). During the event, users who complete the event registration, open the USDD Yield Wallet, and switch their U-based contract account to Cross Margin mode can enjoy multiple benefits, such as sharing a $50,000 prize pool and Yield Wallet interest coupons. The event includes: 1. Users who register and open the USDD Yield Wallet and achieve a specified cumulative contract trading volume will receive a USDD Yield Wallet interest coupon, with a maximum interest rate of 10% and no limit on the principal amount for interest calculation; 2. Registered users who use USDD as collateral for contract trading for the first time, with a trading volume of not less than 100 USDT, will receive a $2 equivalent reward in HTX; 3. Users who use Cross Margin mode for contract trading and have a USDD balance in their U-based contract account of ≥100 USDD, with a cumulative contract trading volume of ≥10,000 USDT during the event, can participate in a ranking competition to share rewards based on their trading volume.

November 21st. This afternoon, after a sharp market decline, the probability on Polymarket of "Bitcoin breaking below $80,000 in November" has risen to 55%, while the probability of "breaking below $75,000" has simultaneously risen to 21%.

November 21st. The U.S. Department of Labor released the September nonfarm payroll data, showing an addition of 119,000 jobs, far exceeding the market's expectation of 52,000 jobs. However, the unemployment rate unexpectedly rose to 4.4%, reaching a four-year high. This delayed employment report, released after the government shutdown, has become the last key data before the December FOMC (Federal Open Market Committee) meeting. The data itself is lagging and contradictory, further deepening policy divergences and making it difficult for the market to determine a clear interest rate path. The latest federal funds futures indicate that the probability of a rate cut in December has dropped to less than 40%, reflecting a rapid cooling of market expectations for easing.On a macro level, the stronger-than-expected nonfarm payroll data should have been hawkish. However, the sharp rise in the unemployment rate clearly indicates a weak internal structure in the labor market, sending a "fractured" signal and causing policymakers to have greater disagreements when interpreting the economic strength/weakness. The lagging nature of this data also makes it harder for the market to confirm the true economic momentum, leading to a renewed flight to safety in a high-interest-rate environment. This uncertainty is rapidly being reflected in risk assets.In the crypto market, BTC was significantly suppressed by the $93,000 resistance level and further dragged down by the cooling rate expectations, with prices briefly falling to around $85,000. Structurally, if unable to hold above $86,800, it may further test $80,200.A Bitunix analyst stated: In the vacuum of unclear interest rate and employment signals, the market is prone to amplified volatility, and short-term sentiment-driven technical structure trading is favored. It is advised to focus on three key points: 1) Whether subsequent labor market data revisions will reverse the market's assessment of economic weakness; 2) Whether the internal divisions within the Fed regarding rate cuts will continue to widen; 3) Whether BTC's structure can hold the low point, and whether it can retest the upper boundary of the range with liquidity replenishment. These factors will drive the price rhythm and risk preference direction in the coming week.

November 21st, in conjunction with analyst Yujin's compilation of Bitmine's latest position data, as of the 21st, Bitmine holds 3.56 million ETH, with an average price of $4009, a unrealized loss ratio of 31.87%, and an unrealized loss amount of $4.531 billion.

November 21. According to Hyperinsight monitoring, on November 21, BTC briefly dropped to $81,000. Within an hour, the on-chain activity of prominent long position whales was as follows:「CZ Counterparty」 Whale: ETH and XRP long positions partially liquidated, resulting in a $7.3 million loss. The current unrealized loss of the account is $37.1 million, with a total position size of approximately $220 million, now the largest long position on Hyperliquid for ETH and XRP;「Buddy」: ETH long positions liquidated 4 times consecutively, reopening a 25x leveraged ETH long position with $16,000;「Long All Shitcoins」 Whale: Except for ASTER and STRK, the remaining 20 shitcoins all suffered significant losses, with all margins locked. The current total position size is approximately $24.07 million;「Precise Long ZEC」 Whale: Floating profits increased from $400,000 to $900,000, with a position size of approximately $10.53 million, now the second-largest ZEC long position on Hyperliquid;「Suspected XPL Insider Trading」 Whale: BTC long positions liquidated 3 times in a row, resulting in a $7.48 million loss. Previously made large BTC purchases on the 17th, with a position size of approximately $31 million. This whale was previously the largest long position for XPL;「Calm Order Opener」: ETH, SOL, UNI, HYPE long positions liquidated 10 times, resulting in a loss of approximately $12.92 million, with only a $5.2 million position size remaining, mostly in a sizeable loss SOL long position;Current largest BTC long position on Hyperliquid: BTC long position with a floating loss of $18.14 million, recently added nearly $10 million to average down within an hour, with a current position size of around $117 million.Additionally, starting from 3:30 PM, 35 addresses on Hyperliquid (with positions over $1 million) opened new BTC long positions, with 29 of them being long positions.

November 21st, Bitwise's European Head of Research André Dragosch stated that the "max pain" range for Bitcoin may be around $84,000 for IBIT's cost basis or around $73,000 for MicroStrategy's cost basis.Once either of these levels is reached, the market may see the ultimate bottom. He referred to these prices as potential "liquidation prices," which could signify a complete reset of the current cycle.

November 21st, according to LookIntoChain monitoring, former world boxing champion and millionaire Andrew Tate went long on BTC again today—only to be liquidated once again just an hour later.He has now been liquidated 84 times on the Hyperliquid platform.

November 21st, DWF Labs lead Andrei Grachev announced on the X platform that DWF Labs will soon unveil a new fund ranging from $30 million to $75 million, using only DWF Labs' own funds, focusing on DeFi/CeDeFi products.

November 21st, according to HTX market data, Bitcoin rapidly fell below $82,000 in the afternoon. At the time of writing, Bitcoin is currently trading at $84,271, a cumulative decrease of 9.88% this year.Furthermore, Ethereum has seen a cumulative decrease of 17.88% this year.

November 21st, according to Ember Monitor, the "CZ Whales' Opponent" whale's long positions are on the brink of liquidation, with the current price only $120 away from his ETH long liquidation price and only $0.17 away from his XRP liquidation price. The two long positions are currently at a floating loss of $3,973.In just 11 days, he has given back $59.12 million in profits: on 11/10, he had a profit as high as $61.88 million, but now only $2.76 million is left.His ETH liquidation price: $2,595, XRP liquidation price: $1.75.