Key updates from November 13-14: Market movements and protocol announcements

A whale holding a 20x short position in BTC has realized profits exceeding 15 million USD as BTC slipped below 100,000 USD. Monitoring data shows total profits from short trades exceed 41.7 million USD.

Drop Protocol is ceasing its liquidity staking service, affecting TGE and airdrop initiatives. The shutdown will be responsible, aiming to balance all stakeholders’ interests while ensuring service continuity in high-adoption DeFi areas.

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