2025-11-19 13:31:25

#BNB突破历史新高 Recently, this wave of fall has indeed left many people stunned. $BTC is struggling around the 90,000 mark, and the fear index has skyrocketed to 24, a number that last appeared during the big dump in April this year. Retail sentiment is nearing a breaking point, with leveraged long liquidations reaching 256 million USD within 24 hours. Is this really a deep pit of the Bear Market, or the last washout before the bull run?

The data on the capital front is even worse. Bitcoin ETFs saw a net outflow of $870 million in a single day, with a total liquidation scale of $1.3 billion in the week of November, and long-term holding addresses sold over 400,000 Bitcoins. Market sentiment has plunged to a freezing point.

What’s more challenging is that the market lacks new narratives. DeFi yields are even lower than U.S. Treasury bonds, NFT trading volume continues to shrink, and the combination of AI and Crypto is still in the conceptual stage. Regulatory pressure has led to retail investors accelerating their exit, with institutional capital now accounting for 40% of the market. Although the U.S. is advancing relevant bills, it has instead suppressed market activity in the short term.

However, a turning point is brewing. The continuous advancement of technologies such as RWA tokenization, Layer 2 expansion solutions, and zero-knowledge proofs; if key legislation in the United States is enacted, it will provide a clear regulatory framework for the industry; the institutional proportion reaching 40% means that large funds are quietly positioning themselves through OTC channels. The Bitcoin halving cycle combined with the possible easing expectations of the Federal Reserve may mean that main funds are taking advantage of the adjustments to complete their positions.

$ETH The mainnet upgrade in December is worth paying attention to. Layer 2 expansion can significantly improve transaction efficiency and reduce Gas fees; zero-knowledge proof technology finds a balance between privacy protection and compliance needs. The prosperity of the Ethereum ecosystem, coupled with the deflationary mechanism and the continuous development of applications such as DeFi and NFTs, provides fundamental support for the market.

The market always fluctuates cyclically, and the trough is often a phase of accumulation. When panic sentiment reaches an extreme, it may just be a signal for a reversal. Understand the trend, grasp the rhythm of the cycle, and patiently wait for opportunities. $ZEC

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ImpermanentPhobia

· 2025-11-22 13:31

Retail investors are bleeding again while institutions are quietly accumulating at the bottom. How many times have we seen this playbook... The $90,000 level really feels like a magnet, pulling back and forth and it's so frustrating. Wait, DeFi yields can't beat US Treasuries? Then what was the point of all my years as an LP... Institutions hold 40% now? That means the real party hasn't even started yet. I just want to know when the next story will appear—things are really too boring right now.

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IfIWereOnChain

· 2025-11-22 13:23

Really, now everyone is forced to hold coins. Without cash on hand, I can only watch. Forget it, anyway it has fallen this much, let's continue to hodl. Wait, institutions are quietly buying? Are we retail investors being played for suckers again? I believe half of the market makers are laying out in OTC, who knows. This drop is indeed a bit ridiculous, but I am quite looking forward to ETH's movements in December. Get liquidated 256 million? Oh my, how many people will be forced to close all positions? DeFi returns can’t even beat US Treasuries, that’s just too much pump. I might as well buy government bonds. Waiting for the Halving cycle? How much longer do we have to wait, my heart can’t take it anymore.

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RugpullTherapist

· 2025-11-22 13:10

Is this the same old story again? Is it true that institutions are still slowly buying even with 40%? Why should I, as a retail investor, be in a hurry? --- Getting liquidated for 256 million isn't that much, right? It was crazier at the end of the last bull run. --- To put it bluntly, it’s just waiting for the Fed to make a move; everything else is nonsense. --- I see that the $ETH mainnet upgrade in December is probably going to lead to another fall, based on historical experience. --- DeFi returns can’t keep up with U.S. Treasuries, so what does it mean to just store U.S. Treasuries in a bank? It’s laughable. --- It's true that OTC is quietly positioning, but we small retail investors don’t even know what OTC is. --- Every time they say the bottom is a buildup of strength, but then we hit a new low again. Is this a cycle? --- I do believe in Layer 2, but I don’t trust that this timing of the upgrade can pump anything. --- The fear index at 24 was seen last in April, and then what happened? It still fell as it should. --- $BTC is just hanging around at 90,000; do we really have to wait for U.S. dollar easing? It’s still gonna be six months later.

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LightningPacketLoss

· 2025-11-20 02:44

Bro, this wave is indeed tough, but I trust that big funds are laying out OTC here. --- 256 million Get Liquidated, retail investors are always here to run alongside. --- Wait, institutions account for 40% now? Doesn't that mean the market makers have quietly entered a position? --- DeFi yields are even worse than US Treasuries... this industry is really a bit awkward. --- To be honest, those who are running now have no faith; this is the window for market makers to increase the position. --- Panic at the number 24 looks pretty scary, but thinking of the Reverse Indicator makes me want to buy the dip instead. --- BNB breaking new highs can't save the market; the problem still lies in the lack of a new narrative. --- ETH's upgrade in December needs to be a key focus; if Layer2 really takes off, the market will improve significantly. --- I've heard the saying about building strength at the lows countless times, but it's always the last ones to exit who regret it the most.

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LightningHarvester

· 2025-11-19 14:00

Bear Market deep pit or Whipsaw, to put it bluntly, it's a game of gambler's psychology. 256 million Get Liquidated, once again a Be Played for Suckers feast. Institutions quietly layout? I'm tired of hearing this, when it really matters, they still dump. DeFi can't even outperform US Treasuries, it's really ridiculous. Waiting for the legislation to land? I'm afraid we'll be waiting until the flowers wither. ETH upgrade is a good thing, but the Gas fee has always been a trap, it doesn't solve the fundamental problem. Judging bottom signals is the easiest way to fall into a trap, the trough may just be the beginning of a lower start. Entering the market now is just a gamble, betting that institutions haven't finished running.

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LeverageAddict

· 2025-11-19 13:55

Get Liquidated 256 million really can’t hold on anymore, retail investors might cry and faint in the toilet Institutions are quietly buying the dip in OTC, while we are still tangled up at 90,000... what a gap ETH December upgrade? Feels like they say this every time, but what’s the actual use This 90,000 hurdle really seems like a false breakouts, didn’t you see it pumped up and then got dumped directly I’ve heard about low points gaining strength too many times, I don’t believe this script anymore haha

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MrRightClick

· 2025-11-19 13:44

Retail investors get liquidated 256 million, institutions are quietly buying the dip, don’t panic once you see it. --- It’s the same old story, just wait and see. --- DeFi yields can’t beat U.S. Treasuries, that’s awkward. --- Is the market maker really building a position? Why haven’t I seen it? --- I've been hearing about low valley accumulation for three years. --- Can the ETH upgrade in December pump the price? I’m a bit skeptical. --- With institutions holding 40%, it shows that large investors are eating up retail investor chips. --- Breaking through the 90,000 barrier is only a matter of time, the question is when. --- Whipsaw or breakdown, either way, I’m too afraid to add leverage now. --- zk-SNARKs sound sophisticated, but what’s the reality? --- Can RWA tokenization save the market? Wake up everyone.

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ContractFreelancer

· 2025-11-19 13:38

Get Liquidated 256 million, retail investor really can’t hold on any longer... but it feels like the last kneel of a Bear Market. Institutions are quietly buying the dip, we have to keep our cool, brother. DeFi can’t beat US Treasuries? When will there be a new story... it’s a bit troublesome. ETH’s upgrade in December is indeed worth it, Layer 2 can really relieve the pressure. Is it an opportunity when panic reaches its peak? Sounds right, but when it really comes, who dares to buy the dip...

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LiquiditySurfer

· 2025-11-19 13:38

Retail investors get liquidated 256 million, this is the current market temperature... Whipsaw or deep pit, to be honest, it's hard to tell, but the 40% institutional share is indeed interesting, large investors are probably really accumulating at low levels. ETH December upgrade? Isn’t it just going to hear "Layer2 will change the world" again... never mind, I’ll wait for actual data to speak. DeFi yields can’t beat US Treasuries, this joke is old, it’s time for encryption to tell a new story.

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