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Odaily News: F2Pool co-founder Wang Chun posted that his confidence in humans landing on Mars is waning. Mars exploration is no longer a technical, engineering, or even economic problem, he said, adding that it is uncertain how the situation will develop in two years and who will succeed Jared Isaacman by then. If short-sighted decisions continue, the situation that Nvidia CEO Jensen Huang encountered could repeat itself, and humanity may ultimately fail to reach Mars.

Odaily News: OneKey founder Yishi posted that financial markets trade not yesterday's sentiment but expectations for future consensus and liquidation conditions. The recent sustained decline in Bitcoin and the crypto market has disappointed many investors and caused asset drawdowns, but the worst thing to do at this moment is to fall into despair. Market clearing and liquidity exhaustion are part of cyclical evolution; similar situations occurred in 2015, 2018, and 2022, and 2026 is no exception.

Yishi advises staying away from leverage and high-risk borrowing, avoiding bets on the cycle bottom, reducing altcoin exposure, and abandoning the fantasy of getting rich quickly; keep core spot positions while ensuring sufficient cash flow to maintain normal living. In severe market periods, survival is always the top priority, and investors should maintain patience and discipline.

Odaily News: According to tehcscreener data, on Nov. 14, FOMO platform's perpetual futures daily trading volume exceeded $171 million, while Meme and other token trading volume was only $37.4 million, making perpetual futures daily volume about 4.5 times the Meme trading volume.

However, Meme token trading remains the main source of FOMO fees. On Nov. 14, FOMO perpetual futures trading generated only $76,000 in fees, while token trading generated $185,000 in fees. FOMO platform's perpetual futures are implemented through Hyperliquid, and Fomo charges up to 0.05% for opening and closing positions.

Odaily News: Bitcoin briefly fell toward $62,000 over the weekend, hitting its lowest level since July. Unlike previous sudden crashes, this decline had been building gradually through relatively calm trading before accelerating recently amid large-scale liquidations, keeping investor confidence under sustained pressure and leaving traders exhausted and desperate. On the macro front, the US 10-year Treasury yield rose above 5%, the dollar strengthened, and persistent inflation intensified expectations that the Federal Reserve will tighten policy.

Market analysts believe the short-term direction depends largely on whether institutional demand can stabilize and whether the macro environment allows risk appetite to recover. Until then, any rebound may remain fragile and market volatility will stay elevated. All financial markets are currently in a risk-off environment with interest rates continuing to rise. Bitcoin's current decline has erased most of its earlier gains from below $65,000 to above $87,000, and the market is beginning to worry whether it will fall further below this year's low of around $58,000. (Bloomberg)

Odaily News: According to Iran's Fars News Agency: Iran's Islamic Revolutionary Guard Corps (IRGC) launched an attack on a US military base in Bahrain in response to "hostile" actions by the United States. The IRGC said six drones struck a US air defense radar facility at a helicopter base in Al-Rifaa, Bahrain. Iran ruled out reaching an agreement with the US by restricting nuclear enrichment activities. The Iranian parliament speaker said that if the US accepts the relevant terms, a path to an agreement still exists. (Sina Finance)

Odaily News: According to monitoring by on-chain analyst Yu Jin, well-known leveraged trader AguilaTrades (0x1f25...f925) reported that on Nov. 13, it shorted BTC at $71,697 and closed at $69,081 for a $1.3 million profit; on Nov. 14, it shorted BTC at $68,682 and closed at $66,858 for a $1.34 million profit; the same day, it shorted BTC at $67,197 and closed at $65,527 for an $820,000 profit. On Nov. 15, AguilaTrades went long BTC at $62,792 and has not yet closed the position, with an unrealized profit of $1.31 million. The material states that it has grown $610,000 into $5.86 million.

Odaily News: Over the 7 days ending Nov. 12, Circle issued approximately 10.8 billion USDC and redeemed approximately 12.1 billion, reducing the circulating supply by about 1.3 billion. The total circulating supply of USDC stands at 67.9 billion, backed by reserves of approximately $68.1 billion, including about $39.9 billion in overnight reverse Treasury repurchase agreements, about $20.1 billion in Treasury bills maturing in less than 3 months, about $7.4 billion in deposits at systemically important institutions, and about $600 million in other bank deposits.

Odaily News: According to on-chain data, a whale currently holds a 3x leveraged long position of 97.15 BTC, with an average entry price of $71,035, a liquidation price of $48,004, and a position value of approximately $6.22 million. The position is currently down over $680,000, with a return of -29.64%.

Odaily News: CryptoQuant analyst Axel Adler Jr. noted that the short-term holder spent output profit ratio (STH-SOPR) has fallen to 0.993, indicating that short-term holders are selling at a loss. There are no signs of mass "capitulation" selling yet; during previous periods of market stress, this indicator dropped to even lower levels.

Odaily News: Bitcoin completed a difficulty adjustment at block height 975,744, with difficulty falling 9.13% from 148.36T to 134.82T—the largest decline since June and the third-largest downward adjustment this year. Over the previous 2,016 blocks, the average block time was 11 minutes, with the period lasting about 15.4 days. Estimated hashrate dropped to roughly 965 EH/s, a steeper decline than the previously forecast 6.8% to 7.5%. Over the same period, Bitcoin's price fell to $67,652, and daily production on Nov. 8 and Nov. 9 was just 346.875 BTC each, below the normal 450 BTC. The 7-day average of the Puell Multiple stood at 0.82, with the daily value at 0.71—the lowest since Aug. 11—while fees showed no improvement. After the difficulty cut, expected revenue per unit of hashrate rose about 10%; current difficulty remains about 8% above the June low, and whether miner pressure eases depends on whether hashrate flows back.

Odaily News: According to Lookonchain monitoring, an address's unrealized profit previously reached $68.26 million but did not close the position; the unrealized profit has now fallen to $27.59 million and is nearing liquidation. Over the past two days, the address deposited 8.3 million USDC into Hyperliquid to avoid liquidation, with a new liquidation price of $58.47.

Odaily News: Muneeb, founder of the Bitcoin layer-2 network Stacks, posted on X that liquidity is flowing out of the crypto market, possibly related to Anthropic's IPO next week, and that the $17 billion decline in stablecoin supply over the past month is a key indicator.

He also said the world is becoming increasingly uncertain, with both new opportunities and new concerns, and that volatility will rise in such periods. Bitcoin sets the ceiling for the entire crypto industry, and what other projects do does not matter, because they will all ultimately perish as Bitcoin declines.

Odaily News: According to Lookonchain monitoring, a whale previously won 10 consecutive trades for a profit of $6.32 million; it closed an ETH long position 8 hours ago with a loss of $10.5 million, bringing its cumulative loss to $4.17 million. The whale then opened a 10x leveraged SOL long position, holding 383,265 SOL, with the position valued at $26.97 million.