Huoxun Finance reported on November 17th that, according to CoinMarketCap data, the liquidity of Bitcoin and its native stablecoin project Yala (YU) has plummeted in the past 24 hours, currently priced at approximately $0.3709, a 24-hour drop of 38.79%. The token has a market capitalization of approximately $33.3 million and a liquidity of only $1.4K. In terms of trading volume, the total trading volume of YU in the past 24 hours was approximately $12.4K, with about 90% coming from the YU/USDC trading pair on Uniswap. The 24-hour trading volume of this pool was approximately $11.5K, and the pool's liquidity was only $977.6.

Huoxun Finance News, November 17th - According to SoSoValue data, from November 10th to 14th (Eastern Time), Bitcoin spot ETFs saw a net outflow of $1.11 billion, marking the third consecutive week of negative inflows. ARKB was the only ETF to see a net inflow of $1.68 million, while IBIT and BTC experienced net outflows of $532 million and $290 million respectively. As of now, total assets in spot ETFs have reached $125.34 billion, representing 6.67% of Bitcoin's market capitalization.

According to an article published by Matrixport, Odaily Planet Daily, the market is currently in a clear deleveraging phase, and the risk of maintaining high positions is increasing. Ethereum's open interest has fallen by 50%, indicating that leveraged funds are rapidly shrinking. Against this backdrop, overall risk appetite is under pressure. Bitcoin is approaching the key support level of $93,000, and liquidity in this range may weaken further in the short term. The highly crowded futures long positions in the fourth quarter have been largely cleared, and the pressure from leverage has been temporarily relieved. The next point of focus is on the relatively concentrated ETF holdings; if the market continues to weaken, these funds may further reduce their positions, leading to new liquidity pressures.

Huoxun Finance reported on November 17th that trader CBB posted on X that after investigation, he still "does not know the actual flow of GAIB's funds or collateral," and pointed out that GAIB's official website has removed the link to the transparency page, and that 75% (approximately $150 million) of its reserve assets lack third-party verification. In response, GAIB CEO Kony stated that the accusations were "inaccurate and caused panic," and provided several clarifications: withdrawals to stablecoins are proceeding normally daily, and all previous withdrawal commitments have been fulfilled on time; during the AIDAlpha→AID migration, AIDa holders who have not migrated can freely withdraw; the transparency page is being rebuilt for the mainnet AID and was not removed due to reserve issues; all AID/sAID users have received advance disclosure, including withdrawal times, capital transition arrangements, and the launch node of the transparency module; and the complete reserve verification and AID→USDC redemption mechanism will be launched on November 21st. Kony also implied that CBB has close ties with competitors, and that the accusations are "more like a strategic attack."

Huoxun Finance reported on November 17th that, according to Bloomberg data cited by TheKobeissiLetter, the 30-day correlation between Bitcoin and the Nasdaq 100 index recently rose to approximately 0.80, the highest level since 2022 and the second highest in nearly a decade. This correlation has mostly remained positive over the past five years, only briefly turning negative in 2023. Currently, the 5-year average correlation between Bitcoin and the Nasdaq is 0.54, while its correlation with cash and gold is close to zero. Analysts point out that Bitcoin is increasingly exhibiting the price action of highly leveraged technology stocks.