Bitget Daily Digest (Nov 17) ｜ $127M in Liquidations Across the Market in the Past 4 Hours; Major Token Unlocks This Week for ZRO, ZK and Others; Michael Saylor Releases New Bitcoin Tracker Update

Today’s Outlook

ZRO, YZY, ZK and other tokens will see significant unlocks this week:

1. LayerZero (ZRO): About 25.71 million tokens will be unlocked at 7 PM on November 20th, accounting for 7.29% of current circulation, with an estimated value of $38.3 million.
2. YZY (YZY): Around 37.5 million tokens will be unlocked at 1 PM on November 19th, making up 12.50% of circulation, valued at about $14.1 million.
3. ZKsync (ZK): About 173 million tokens will be unlocked at 4 PM on November 17th, representing 3.37% of circulation, valued at around $9 million.
4. KAITO (KAITO): Around 8.35 million tokens will be unlocked at 8 PM on November 20th, comprising 2.97% of current circulation, worth roughly $6.4 million.
5. ApeCoin (APE): About 15.6 million tokens will unlock at 8:30 PM on November 17th, making up 1.66% of circulation, valued around $5.5 million.

Macro & Hot Topics

1. The Nikkei 225 index has dropped below 50,000, down 0.78% today.
2. Raoul Pal, co-founder and CEO of RealVision, said the Fed may be forced to take measures this week to avert a potential funding crunch at month-end or year-end.
3. According to Greeks.live, this week could see a rebound, though market panic remains; all eyes are on Bitcoin’s key $90,000 support level.
4. Tom Lee: It may take 6-8 weeks for the market to address balance sheet “gaps” among market makers.
5. Qian Zhimin, the main culprit of the 60,000 BTC money laundering case, reportedly predicted in 2017 that BTC would reach $40,000–$55,000 by 2021.
6. Baisente: A US-China rare earth deal may be reached before Thanksgiving.

Market Overview

1. BTC once fell to $92,976, triggering extreme fear. In the past 4 hours, total liquidations across the network reached $127 million, mostly from long positions.

2.US stocks were mixed: Nasdaq up 0.13%, S&P 500 down 0.05%, Dow up 0.65%; market attention remains on AI valuations and upcoming economic data.

3.Bitget’s liquidation map shows BTC price fluctuating near the key $95,258 level; $94,000–$96,000 is the main liquidation cluster.

4.Over the last 24 hours, BTC spot inflows totaled $396 million, outflows $410 million, for a net inflow of $14 million.

5.Over the past 24 hours, contract trading net outflows led by BTC, ETH, USDT, XRP, BNB, and others may signal trading opportunities.

News Highlights

1. Only four DeFi protocols now have TVL (Total Value Locked) above $10 billion.
2. Media reports: Qian Zhimin, convicted in the 61,000 BTC case, still holds XRP.
3. Today’s Fear & Greed Index rose to 14, yet still indicates “Extreme Fear.”
4. Trump’s total assets hit at least $1.6 billion, including crypto, golf resorts, and brand licensing.

Project Updates

1. Messari released its Q3 report on Filecoin: utilization up to 36%, capacity down to 3.0 EiB.
2. Michael Saylor has announced a new Bitcoin Tracker update, possibly revealing more BTC acquisitions.
3. An Ethereum ICO wallet that was dormant for over 10 years transferred out 200 ETH, worth $625,000.
4. Circle minted 750 million USDC on the Solana network in the past 24 hours.
5. An Ethereum pre-mine address, dormant for over 10.3 years, has been reactivated, involving 1,000 ETH.
6. Cardone Capital purchased 888 BTC for its "Bitcoin-Real Estate Hybrid Project.”
7. Bitcoin briefly dropped below $93,000, its lowest since May.
8. Over the past 7 days, Ethereum’s net supply increased by 18,262 ETH, with roughly 18,904 ETH added and 642 ETH burned.
9. Media: Bitcoin has just experienced its fourth “Death Cross” of this cycle. The previous three were excellent buying opportunities.
10. Arkham: Around 23:40 yesterday, Coinbase Prime saw an outflow of 67,600 SOL, valued at approximately $9.43 million.

Disclaimer: This report is AI-generated and only manually fact-checked for information accuracy. This is not investment advice.