Key events in the crypto world in the past 24 hours! A quick 1-minute overview of overnight market movements | November 17th

1⃣ #BTC, #ETH, and #SOL fell again, with BTC hitting a new recent low. The CMC Fear & Greed Index is at 16, indicating extreme fear; the market is truly terrified. Let's see how the US stock market performs tonight~

2⃣ #ZEC's market capitalization surpassed 15.1 billion, becoming the 10th largest cryptocurrency (excluding stablecoins), with a 220% increase in 30 days, far ahead of the competition. #STRK, #DASH, and #SOON followed closely behind in the top 100 gainers.

3. Qian Zhimin illegally raised over 40 billion yuan, of which 34 billion yuan was used to repay old debts, and the remaining funds were used to buy BTC, totaling 19,495 coins at an average price of 2,815 yuan, representing a 266-fold increase. That's incredible!

4⃣ #ASTER is surging, with its market capitalization approaching 10 billion, possibly due to daily buybacks of 1.7 million USDT. #HYPE, on the other hand, is weaker, fluctuating around 39 USDT recently.

5⃣Tom Lee: The sharp drop in 1011 has created significant "gaps" in the balance sheets of some market makers, and whales are hunting them down. This market crisis may ease after November 27.

The founder of Formula 6 increased his BTC holdings and bought one MEME coin, spending only 0.7% of his net worth. His reasoning was that even if US stocks fall, the drop won't be too severe. The sharp decline in the crypto market is somewhat of an overreaction.

7⃣ My friend always long, always with tears in his eyes: My ETH long positions were liquidated this morning, resulting in a loss of 3.36 million, and then I used the remaining 220,000 USDT to open another long position in ETH...

8⃣ Michael Saylor posted another BTC Tracker update, possibly hinting at further BTC holdings. His Strategy holdings currently show a floating profit of approximately $13.79 billion.

9⃣CME data: The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 45.8%, while the probability of keeping rates unchanged is 54.2%. This is the most popular bet on Polymarket, with a 46% probability of a 25 basis point cut.