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Jinse Finance reported that trader Eugene Ng Ah Sio stated on his personal channel that bitcoin has finally lost the $100,000 level, mainly due to two reasons: 1. This was the last line of defense for high-cycle bulls to maintain the bull market structure. Since the start of this cycle in 2022, the 50-week trend line has been officially broken for the first time. 2. $100,000 is a very strong psychological barrier. After being defended 3-4 times previously, it has now finally been breached and will be regarded as a new resistance level. Based on the above, I have no interest in buying the dip during this decline and will focus on the area just above $90,000 as the first region of interest. It's time to switch to defense mode again.

Jinse Finance reported that on November 13, Ethereum privacy protocol Aztec announced that it will publicly sell the AZTEC token from December 2 to 6, 2025. There will be no airdrop or mysterious allocation for AZTEC. It is reported that Aztec will auction the AZTEC token through Uniswap's continuous auction clearing mechanism, achieving real-time price discovery and fair participation opportunities. The starting price is $350 million FDV, which is about a 75% discount compared to the latest implied network valuation based on the most recent equity financing. Early contributors and community members include testnet operators, OG users of Aztec Connect, and individual Ethereum stakers. More than 300,000 addresses have been whitelisted and can start bidding today.