Several noteworthy events in the crypto market on November 17

Let me start with something interesting – a dormant Ethereum address suddenly woke up and threw 1000 ETH into the market. The amount itself isn't particularly alarming, but whenever such "ancient whales" move, it always puts people on edge. In the short term, it may bring some selling pressure, but to be honest, the impact is limited. What we should really worry about is whether this guy will keep unloading, as that would make market sentiment hard to predict.

WeBank's activities in Hong Kong regarding Web3 and AI are quite interesting. Traditional financial institutions are starting to seriously engage in this space, which is a positive signal for the entire industry—especially since compliant projects and AI + blockchain concept stocks in Hong Kong may benefit. The entry of institutions often means that the rules of the game are changing, and this matter is worth continuous observation.

The situation in the U.S. is quite complicated. Although the government shutdown has been temporarily postponed, this bit of good news has already been fully absorbed by the market. Now everyone is focusing on the "hawkish face" of the Federal Reserve—once the tightening expectations are confirmed, risk assets like Bitcoin and Ethereum will likely suffer. In an environment of tightening liquidity, can the crypto market remain unscathed? Difficult.

Trump has recently started to talk loudly about "crypto 'first'" again. It's common for politicians to ride the wave of popularity, but the problem is that there is no certainty in the policy direction. Either friendly policies will be introduced to ignite the market, or a sudden heavy-handed regulation will come — this uncertainty itself is the biggest risk.

Finally, let's talk about the token unlocks. A large volume of tokens from ZK, APE, yZy, and ZRO is set to be released in the short term, especially the unlock volumes of yZy and ZRO are significant. As is customary, prices often take a dive before the unlock, and everyone rushes to exit. However, if after the unlock it turns out that no one is really dumping, it might instead lead to a rebound—this kind of game is always quite thrilling.

In summary, at this point in time, there are both long-term benefits from traditional institutions entering the market and short-term pressures from policy uncertainties and unlocking sell-off pressures. In terms of operations, it still boils down to the old saying: don't go all in; controlling your position is more important than predicting the direction.