BlockBeats News Update: On November 16, according to HTX market data, Bitcoin dropped below $95,000 with a 24-hour loss of 0.7%.

November 16th, according to HyperInsight monitoring, "Buddy" Huang Lizheng partially closed his ETH long position this morning and then slightly increased his position again. Currently, his 25x ETH long position is worth about $25 million, with an opening price of $3,397, a liquidation price of $3,049, the current ETH price is $3,154, and an unrealized loss of $1.9 million."Buddy" realized a profit of $770,000 in the past week, and the total loss in the account is now reported to be $16.43 million.

November 16th, Glassnode announced that the relative profitability of altcoins has fallen to the deep capitulation zone, with only about 5% of the altcoin supply in a profitable state, while Bitcoin's profitability ratio has just started to decline sharply. This unusual divergence between Bitcoin and altcoins is unprecedented in previous cycles.

November 16th, according to LookIntoChain monitoring, a whale entity has opened a large short position on BTC, XRP, and ZEC, with a total value of over $190 million. The current positions are as follows:Short position on BTC with 40x leverage, worth $148 million, opening price $96,065.2, liquidation price $97,560.2;Short position on XRP with 20x leverage, worth $27.3 million, opening price $2.225, liquidation price $2.5;Short position on ZEC with 10x leverage, worth $20.6 million, opening price $652, liquidation price $775.

November 16th, according to Decrypt, the latest 13F filings submitted to the SEC by US universities showed that as of September 30th, Brown University held approximately $13.8 million worth of the Bitwise IBIT position, while Emory University held 1,023,417 shares of the Grayscale Bitcoin Trust, worth around $51.82 million, a significant increase from the previous quarter, and disclosed holding 4,450 shares of the iShares Bitcoin Trust, worth about $289,000.Yesterday's report stated that Harvard University held 6,813,612 shares of IBIT (Bitwise Bitcoin ETF) as of September 30th, valued at $4.428 billion. Compared to the disclosed 1,906,000 shares in June, the holding surged by 257%. The filing also disclosed its holding of 661,391 shares of the GLD Gold ETF (SPDR Gold ETF), valued at $2.35 billion, a 99% increase from the June holding of 333,000 shares.

November 16th, according to LookIntoChain monitoring, the whale address that "previously borrowed coins to short 66,000 ETH" recently purchased 444,895 ETH (worth $13.9 billion) has reportedly started selling. The whale withdrew 177,000 ETH (worth $5.613 billion) from Aave 8 hours ago and deposited 44,000 ETH (worth $1.402 billion) into Binance.The whale's purchase cost was approximately $3437 per ETH, currently facing a loss of about $125 million.

November 16, OKX CEO Star stated in a post that the private key module of OKX Wallet and all related smart contracts have been fully open-sourced. Several industry players (including peers) are using our open-source code, demonstrating our long-term commitment to promoting industry transparency and security. As for non-private key modules, the source code is not currently open as these parts belong to proprietary software. Users are free to choose whether to use OKX Wallet based on their needs and preferences.OKX Wallet is also one of the earliest MPC non-custodial wallet service providers in the industry. Due to limitations in market acceptance, user experience, and DApp support of early MPC versions, we have decided to completely shut down the old version of the MPC wallet and introduce a more advanced and user-friendly next-generation non-custodial wallet—the CeDeFi Wallet.Feel free to try it out and provide us with feedback.Yesterday, Star also stated that "Anyone who can provide conclusive evidence of a backdoor in OKX Wallet, the OKX Wallet team will reward them with 10 BTC. Security and transparency are fundamental, and community review is welcome."

November 16th, according to TheBlock, the U.S. Department of Justice (DOJ) on Friday filed two civil forfeiture complaints seeking to seize $15.1 million worth of USDT stolen by North Korean hackers in 2023. These seized cryptocurrencies can be traced back to the North Korean military hacker group known as "Lazarus Group - Advanced Persistent Threat 38" (APT38), which conducted thefts against four overseas cryptocurrency exchanges in 2023. The Federal Bureau of Investigation (FBI) seized this fund in March 2025 and is currently seeking court approval to confiscate these assets for return to the victims.The efforts to trace, seize, and forfeit the stolen virtual currencies continue as APT38 members persist in laundering funds through various cryptocurrency mixers, tumblers, exchanges, and over-the-counter traders. The DOJ also announced Friday that it has obtained guilty pleas from four U.S. citizens and one Ukrainian national who admitted to fraudulently helping North Korean IT workers secure employment in U.S. companies by providing stolen identities and hosting company laptops in their homes to create a false impression of these workers being based in the U.S.

November 16th, according to HTX market information, Bitcoin fell this morning to touch $95,119, now trading at $95,240, a 0.3% increase in the past 24 hours; Ethereum this morning rebounded above $3,200, now trading at $3,154, a 0.66% increase in the past 24 hours. The crypto market remains in a low-level oscillation, with the total crypto market cap at $3.318 trillion, a 0.2% increase in the past 24 hours.

November 16, according to LookIntoChain monitoring, BitMEX co-founder Arthur Hayes allegedly sold 520 ETH ($1.66 million), 2.62 million ENA ($733,000), and 132,730 ETHFI ($124,000) about 4 hours ago.