Market Signal Briefing

Ethereum rebounded above $3,100 on November 16, 2025, after briefly falling below the level for the first time since November 4.BitMEX co-founder Arthur Hayes liquidated approximately $4.1 million in crypto assets, including 780 ETH, amid broader market volatility.Two dormant Ethereum wallets from the ICO and pre-mining phases reawakened after over 10 years, moving 1,200 ETH worth approximately $3.7 million combined.Ethereum regained the $3,100 price level after briefly dipping below for over four hours on Monday morning. The rebound came during heightened activity from a decade-old wallet and major liquidations by notable market figures.

The recent volatility underscores two contrasting market forces: long-term holders reemerging and influential players trimming exposure.

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ETH Price Action and Market SentimentEther dropped below $3,100 for the first time since November 4, 2025, trading at $3,066 at 9:36 PM UTC on November 16, down 3.4% over 24 hours. This decline reflected broader weakness in digital assets and a view that ETH carries a higher risk than Bitcoin.

One trader on X said, “Getting more and more difficult to see a different outcome for $ETH currently. Had to cut the long (on ETH) this afternoon. Won’t be trying anymore.”

90 days ETH Price. Source: BeInCryptoDespite the brief dip, Ethereum recovered to above $3,100 within hours, demonstrating notable resilience. Market participants are closely monitoring ETF flows for signs of continued selling or a reversal, as they could set the tone for ETH’s direction around this key support.

According to Coinalyze data, the Long-Short Ratio for ETH records over 3.0, signaling strong trader engagement. Recent high points indicate periods of increased activity, while rising Open Interest reflects growing participation and potential for bullish continuation. Nevertheless, ratio spikes also hint at short-term volatility risks.

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Arthur Hayes Liquidates Crypto HoldingsBitMEX co-founder Arthur Hayes began a series of large-scale crypto sales totaling approximately $4.1 million. On-chain analytics platform Lookonchain reported that Hayes sold 520 ETH, valued at $1.66 million, 2.62 million ENA, valued at $733,000, and 132,730 ETHFI, valued at $124,000, on Sunday.

Arthur Hayes’ on-chain transaction activity – LookonchainHours later, Hayes expanded the liquidation: he sold another 260 ETH worth $820,000, 2.4 million ENA valued at $651,000, 640,000 LDO worth $480,000, 1,630 AAVE valued at $289,000, and 28,670 UNI worth $209,000, according to another Lookonchain post. These assets were sent to institutional desks—including Flowdesk, FalconX, and Cumberland—that commonly handle high-volume liquidations.

Arthur Hayes’ continued asset sales – LookonchainThese sales occurred as Ethereum retreated to $3,100 and Bitcoin slid to $94,000. Hayes’ actions may reflect a defensive rebalancing or profit-taking approach during uncertainty, possibly adding selling pressure on ETH and related assets.

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Dormant Ethereum Wallet Reawakens After a DecadeIn a rare move, a dormant Ethereum ICO wallet transferred 200 ETH worth $626,000 after over 10 years, according to Lookonchain. The wallet had received 1,000 ETH during Ethereum’s genesis for a $310 investment—now a 10,097x return at current prices.

Ethereum ICO wallet awakens after 10 years – LookonchainSuch activity is significant because it shows early adopters’ ongoing faith in Ethereum’s long-term value and potential. These movements can also increase market supply. The wallets tied to Ethereum’s genesis and pre-mining stages are rare and closely followed by the crypto community as signals of whale activity and shifts in sentiment.

The reactivation of a decade-old wallet illustrates the maturation of the Ethereum ecosystem. Early investors who held through several bear markets and volatile cycles are now moving assets, possibly for profit-taking, diversification, or new investment strategies.

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Diverging Expert Opinions on Ethereum’s FutureProminent analysts remain divided about Ethereum’s future. Tom Lee, Chairman of BitMine, communicated strong bullish sentiment, comparing Ethereum to Bitcoin’s previous supercycles. In a recent statement, Lee pointed out that Bitcoin endured six declines of over 50% and three of over 75% in the past 8.5 years, yet rose 100-fold by 2025.

Lee emphasized that navigating volatility and uncertainty is required to profit from supercycles. He argued that Ethereum is now following a similar trajectory, urging investors to hold through turbulence for the potential of exponential gains.

Conversely, analyst Ali Martinez offered a cautious view, suggesting ETH could drop to $1,800. His outlook reflects concerns about ETF outflows, risk relative to Bitcoin, and broader market challenges. The disagreement among experts highlights ongoing uncertainty about Ethereum’s near-term moves.

The tension between long-term optimism and short-term caution reflects current sentiment toward Ethereum. Institutional investors show hesitation, but on-chain actions by early participants and active trading suggest a complex environment. The next few weeks may determine if ETH can maintain its support above $3,100 or if further declines will test lower levels.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Bitcoin price failed to recover above $96,500. BTC is down over 3% and there are chances of more downsides below $92,000.

Bitcoin started a fresh decline below $95,000 and $94,500.
The price is trading below $98,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $96,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it settles below the $92,500 zone.

Bitcoin Price Dips Further
Bitcoin price failed to stay in a positive zone above the $95,500 pivot level. BTC bears remained active below $95,500 and pushed the price lower.

The bears gained strength and were able to push the price below the $94,000 zone. A low was formed at $92,890 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $103,998 swing high to the $92,890 low.

Bitcoin is now trading below $95,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $96,600 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com
If the bulls attempt another recovery wave, the price could face resistance near the $95,500 level. The first key resistance is near the $96,500 level and the trend line. The next resistance could be $97,200. A close above the $97,200 resistance might send the price further higher. In the stated case, the price could rise and test the $98,500 resistance. Any more gains might send the price toward the $99,500 level. The next barrier for the bulls could be $100,000 and $100,500.

More Losses In BTC?
If Bitcoin fails to rise above the $96,600 resistance zone, it could start another decline. Immediate support is near the $93,500 level. The first major support is near the $92,500 level.

The next support is now near the $91,500 zone. Any more losses might send the price toward the $90,000 support in the near term. The main support sits at $88,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $92,500, followed by $90,000.

Major Resistance Levels – $95,500 and $96,600.

Ethereum price failed to stay above $3,250 and extended losses. ETH is down over 5% and might struggle to recover above $3,250 in the near term.

Ethereum started a fresh decline after it failed to stay above $3,200.
The price is trading below $3,200 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $3,160 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it settles below the $3,000 zone.

Ethereum Price Dips Further
Ethereum price failed to continue higher above $3,350 and started a fresh decline, like Bitcoin. ETH price dipped below $3,200 and entered a bearish zone.

The decline gathered pace below $3,150 and the price dipped below $3,050. A low was formed at $3,003 and the price is now correcting some losses. There was a move toward the 23.6% Fib retracement level of the recent decline from the $3,560 swing high to the $3,003 low.

Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,160 level. There is also a key bearish trend line forming with resistance at $3,160 on the hourly chart of ETH/USD.

The next key resistance is near the $3,280 level and the 50% Fib retracement level of the recent decline from the $3,560 swing high to the $3,003 low.

Source: ETHUSD on TradingView.com
The first major resistance is near the $3,350 level. A clear move above the $3,350 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term.

More Losses In ETH?
If Ethereum fails to clear the $3,280 resistance, it could start a fresh decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,000 zone.

A clear move below the $3,000 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,750 region in the near term. The next key support sits at $2,640 and $2,620.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $3,050

Major Resistance Level – $3,280

6 minutes ago

Tether is reportedly considering a $1.15 billion bet on robotics startup Neura, which could see its valuation rise to over $10 billion should a deal be made.

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Stablecoin issuer Tether is reportedly eyeing a $1.15 billion investment in German robotics startup Neura — a move that would expand its presence in the rapidly evolving artificial intelligence space.

A deal could mark Neura’s value up to the $9.3 billion to $11.6 billion range, according to a report on Friday from the Financial Times, which cited people with “direct knowledge” of the matter.

While the Financial Times reported that Tether and Neura were in the discussion stages, neither party confirmed whether the 1 billion euro ($1.15 billion) deal is in the works.

Source: Financial Times
The reported deal would add to the 140 companies that Tether already backs as the stablecoin issuer expands from Bitcoin mining to AI, energy, finance, and even football teams.

An investment in Neura would support the development of robotics for “smarter automation.”

Neura’s robots aim to assist humans and AI with everything from streamlining production at manufacturing sites and other business operations to performing household tasks and plans to produce 5 million robots by 2030 to perform those tasks.

AI robots may soon be able to help with taking out the trash and any other mundane chores you can think of. NEURA Robotics CEO David Reger says robot 4NE-1 'should be able to do things which we don't like to do' pic.twitter.com/ZVdGovL3h5

— Reuters (@Reuters) May 8, 2024
Tether balance sheet is looking good again in 2025Tether banked a net profit of more than $10 billion through the first three quarters of 2025, according to its Q3 attestation report posted on Oct. 31.

It builds on the $13.4 billion in profit in 2024, making it one of the most profitable companies in the world on a per-employee basis. It primarily earns revenue from interest on US Treasury bills that back its Tether (USDT) stablecoin, which has a market capitalization of approximately $184 billion.

Tether expands further into commoditiesTether also confirmed its expansion into commodity-trade lending last week, with CEO Paolo Ardoino telling Bloomberg that it has already deployed about $1.5 billion into the sector to gain exposure to agricultural products and oil.

Tether already has tokenized a gold product, Tether Gold (XAUT), which has seen its market cap increase 70% to over $2.1 billion over the last three months amid the bullion’s strong rally of late.

It comes as Tether was reportedly exploring a $20 billion fundraising round in late September that could bump its valuation up to $500 billion, roughly on par with OpenAI.

Magazine: If the crypto bull run is ending… it’s time to buy a Ferrari: Crypto Kid

Bitcoin's latest price rejection played out exactly as technical analysts anticipated, reinforcing the growing pressure on the market as the world's largest cryptocurrency struggles to regain upward momentum. After failing to break through a key micro-resistance area near the $100,000 mark, the focus has now shifted to a vital support range between $93,000 and $97,000, a zone that could determine the direction of Bitcoin's next major move.

Self-custody is widely regarded as the safest method for holding cryptocurrencies, but corporate treasuries are increasingly offering compelling exposure to digital assets. A striking example is BitMine Immersion Technologies (BMNR), which has rapidly transformed into the largest publicly listed holder of Ethereum (ETH).

Peter Schiff called Strategy Inc.'s business model a “fraud.”

8 minutes ago

A Cardano holder mistakenly turned $6.9 million worth of ADA into $847,695 million worth of a little-known stablecoin after using a highly illiquid trading pool.

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A five-year Cardano holder accidentally torched more than $6 million in ADA after using an illiquid trading pool to facilitate a stablecoin swap.

The trade, first noted by blockchain sleuth ZachXBT on Sunday, saw 14.4 million Cardano (ADA) tokens worth $6.9 million swapped for 847,695 of the US dollar Anzens (USDA) stablecoin, resulting in a loss of approximately $6.05 million.

Source: ZachXBTThe Cardano user — with wallet address “addr…4x534” — appeared to make a test transaction of 4,437 ADA for a US dollar stablecoin with the ticker USD at 4:06 pm UTC on Sunday, just 33 seconds before the multimillion-dollar swap to USDA.

Before that, the Cardano wallet address had been dormant since Sept. 13, 2020.

Avoid larger transfers in small liquidity pools at all costsThe bizarre trade highlights the importance of swapping in liquid crypto pools — particularly large orders that can significantly impact prices — to prevent unfavorable execution rates.

The transaction appeared to have contributed to ANZA soaring to nearly $1.26 before falling back to $1.04 at the time of writing, CoinGecko data shows.

Did the trader fat-finger USDA?It’s unknown if the Cardano user had intended to buy the little-known stablecoin, which has a market cap of just $10.6 million.

Blockchain data indicates that the crypto trader had never previously held the USDA stablecoin before that transaction.

Fat-finger transactions in crypto can potentially move the markets.

Last month, stablecoin issuer Paxos accidentally minted 300 trillion of the PayPal USD (PYUSD) stablecoin before burning the entire amount about 22 minutes later.

Magazine: 2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more

20 minutes ago

The Ivy League university held 6.8 million shares in BlackRock’s Bitcoin ETF as of Sept. 30, 2025, and has also boosted its exposure to gold.

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Harvard University boosted its investment in BlackRock’s Bitcoin exchange-traded fund (ETF) by over 250% in the third quarter after the Ivy League school first bought into the fund earlier this year.

Harvard Management Company, the business that manages the university’s $57 billion endowment fund, reported in a regulatory filing on Friday that it held over 6.8 million shares in the iShares Bitcoin Trust ETF (IBIT) worth $442.8 million as of Sept. 30.

The university disclosed in August that it had a position IBIT for the first time, holding around 1.9 million shares then worth $116.6 million.

“Super rare” for a university to buy ETFBloomberg ETF analyst Eric Balchunas said on Friday that it is “super rare/difficult to get an endowment to bite on an ETF.”

“It’s as good a validation as an ETF can get,” he added, but noted Harvard’s IBIT investment was “a mere 1% of total endowment.”

IBIT was Harvard’s largest investment on its filing and was its “biggest position increase in Q3,” now ranking it as the 16th-largest holder of the ETF, according to Balchunas.

Source: Eric BalchunasBalchunas said in August after Harvard’s initial IBIT buy that endowments “are notably anti-ETF” and the “hardest institution to hook” when it comes to ETFs.

Harvard increases gold, tech exposureThe remainder of Harvard’s investments were primarily in major US technology companies, including Amazon, Meta, Microsoft, and Alphabet, Google’s parent company.

The university also bought a new $16.8 million position in the buy-now, pay-later fintech Klarna and $59.1 million worth of shares in the Taiwan Semiconductor Manufacturing Company.

Harvard also nearly doubled its exposure to gold, boosting its share ownership in the gold-backed ETF, SPDR Gold Shares (GLD), to 661,391 shares worth $235.1 million, up from its 333,000 share holdings in August.

SoSoValue shows Bitcoin (BTC) ETFs saw net outflows of $1.11 billion in the trading week ending on Friday, as the price of Bitcoin fell below $100,000.

Bitcoin is now trading under $95,000 after falling to a low of $93,029 in the past 24 hours, which briefly erased the gains it had made so far this year. 

Magazine: Solana vs Ethereum ETFs, Facebook’s influence on Bitwise — Hunter Horsley

Leading cryptocurrencies inched lower on Sunday as investors maintained a subdued risk appetite.

CryptocurrencyGains +/-Price (Recorded at 8:30 p.m. ET)Bitcoin (CRYPTO: BTC)-0.34%$95,071.29Ethereum (CRYPTO: ETH)
               -0.48%$3,138.92XRP (CRYPTO: XRP)                         +0.93%$2.23Solana (CRYPTO: SOL)                         -0.12%$138.79Dogecoin (CRYPTO: DOGE)                         -1.39%$0.1595Bitcoin Extends LossesBitcoin tumbled below $93,000, extending the leading cryptocurrency's ongoing decline. Trading volume more than doubled over the last 24 hours, signaling high selling pressure.

Ethereum bounced off its support at $3,000 late evening, with trading volume jumping 71% to $32.16 billion. 

Cryptocurrency liquidations topped $620 million in the last 24 hours, according to Coinglass, with nearly $400 million accounting for bullish long positions.

Bitcoin's open interest rose 1.41% in the last 24 hours. A rise in open interest, coming alongside a dip in spot price, typically indicates that new money is entering the market through short selling.

"Extreme Fear" dominated the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 8:30 p.m. ET)Aster (ASTER )   +12.48%$1.25Pi (PI)    
               +3.57%$0.2270Zcash (ZEC )          +2.84%$700.03The global cryptocurrency market capitalization stood at $3.22 trillion, contracting 0.33% in the last 24 hours.

Stock Futures GainStock futures ticked higher overnight Sunday. The Dow Jones Industrial Average Futures added 15 points, or 0.05%, as of 7:48 p.m. EDT.  Futures tied to the S&P 500 rose 0.34%, while Nasdaq 100 Futures gained 0.57%.

The market is coming off a challenging week, with S&P 500 and the tech-heavy Nasdaq Composite ending last week down 1.05% and 2.36%, respectively.

Tech giant Nvidia Corp. (NASDAQ:NVDA) is set to report its third-quarter earnings on Wednesday, giving investors vital clues about the state of the artificial intelligence trade.

Are We Still In For Good Times?Widely followed cryptocurrency analyst and trader Michaël van de Poppe predicting Bitcoin would test new lows in the coming week.

"If it breaks the lows and quickly rebounds + good macroeconomic data, then we’re in for some good times," the analyst added.

Ali Martinez, another popular cryptocurrency commentator, piqued the market's attention, saying, "$1,800 looks like a great spot to buy Ethereum," implying that the second-largest token could tumble further.

Photo: Sodel Vladyslav / Shutterstock

Read Next:    

Anthony Scaramucci and His Son Invest in Trump Family’s Bitcoin Venture, Despite Political Rift
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This business is a top conglomerate in its field, with many sources of growth.

California is massive, both in terms of population and economic power -- it is the largest U.S. state when measured by residents and gross domestic product (GDP). Since it places No. 1 in both metrics, it's also a suitable home to a dizzying number of world-beating companies in fields as diverse as technology, pharmaceuticals, and industrials.

Yet, it's another sector traditionally identified with the Golden State that would be my pick for Golden Stock now and for the future. Read on to learn more about this quintessentially Californian favorite.

Image source: Walt Disney.

The magnificent Mouse
The one industry I purposely left out of the introduction above is entertainment. Yes, that business is no longer intensely concentrated in Los Angeles, but the city and its environs still contain its core. It's there (specifically, in the L.A.-adjacent city of Burbank) where we find the current king of the industry: Walt Disney (DIS 1.68%).

I say "current" because a new behemoth might be in the making; large but struggling rival Warner Bros Discovery is soliciting bids for a new owner, and a leading suitor is Paramount Skydance. Both companies, by the way, are the current iterations of film enterprises that have long and distinguished histories -- much like Disney.

What they don't have, and won't have even in combination, is the unbeatable collection of entertainment assets that Disney has built or acquired over the years.

In addition to its ever-active film studio and distributor, Disney owns one of the three legacy terrestrial TV networks (ABC), a set of video streaming services that flipped into profitability in 2024, and top sports broadcaster ESPN, not to mention that superhero movie franchise spawningground, Marvel.

And that's just several of the top holdings in the company's film and TV business. Its parks, experiences, and products division not only encompasses world-beating theme parks and their flood of themed merchandise, but it's also home to clever and sensible brand extensions that are producing growth, such as Disney Cruise Line.

Today's Change

(

-1.68

%) $

-1.81

Current Price

$

105.80

Many streams into one
The entertainment business is fickle, so the success of Disney's businesses can ebb and flow with shifts in consumer tastes, including preferences for movies, toys, and travel habits. That said, the company's sheer variety ensures that at least a few operations will, at any point, be rising to help offset stagnation and/or decline elsewhere.

These days, Disney's direct-to-consumer (DTC) operations centered on Disney+ are an important business delivering the goods. Within that recent profitability streak, DTC on its own has produced quarterly operating income ranging from $253 million to $352 million.

Zooming out some, in its fiscal 2025, these growth sources helped lift Disney's overall revenue yet again; it crept up by 3% from the previous year's tally to $94.4 billion. Thanks to the performance of those profit makers, net income not according to generally accepted accounting practices (GAAP) popped by 13% to $11.3 billion. That makes for a chunky net margin of 12%.

Meanwhile, free cash flow -- the well from which springs the semiannual dividend Disney reinstated in late 2023 -- is accumulating nicely. In the just-completed fiscal year alone, it jumped by 18% to slightly over $10 billion. Its encouraging rise over the years has helped the company raise the shareholder payout from the reinstatement amount of $0.30 per share to the current $0.75.

The entertainment company of the present and future
By owning Disney, an investor gains a stake in a business that is not only top in its class but also boasts numerous present and future sources of growth.

For example, Marvel movies might be losing some of their mojo these days, but a more recent acquisition -- the Predator sci-fi franchise -- scored big with the recent Predator: Badlands film. In fact, it was the No. 1 movie in terms of U.S. ticket sales during its November opening weekend, collecting more than $40 million in gross receipts.

Meanwhile, the company's streamers, such as Disney+, continue to add subscribers, and another park is set to open its doors in Abu Dhabi in the near future.

Analysts following Disney are fully expecting Walt's steam train to keep rolling down the growth track. Fiscal 2026 revenue is expected to rise by 5% over the 2025 tally, accompanied by a 9% improvement in per-share net income. Those are high numbers for a company of such scale, scope, and established presence.

I doubt very much they'll be the final positive figures from the Mouse. This is a company that continues to have vast potential, with a future that looks as sunny as a warm California day. This is definitely a stock to own for a very, very long time.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of OTF, KBDC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

November 16, 2025 19:00 ET

 | Source:

ACM Research, Inc.

ACM’s Ultra ECP ap-p enables next generation device performance amid accelerating market demand for advanced packaging

SEMICON EUROPA, Munich, Nov. 16, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced it has delivered the first panel electrochemical plating tool, the Ultra ECP ap-p, to an industry-leading panel fabrication customer. This achievement underscores ACM’s advancement in panel-level electroplating technology and reflects growing market demand for scalable, cost-efficient advanced packaging solutions to meet next generation device requirements.

The Ultra ECP ap-p is the first commercial panel-level copper deposition system for the large-panel market, supporting plating steps across pillar, bump, and redistribution layer (RDL) processes. The system achieves panel-processing performance - comparable to traditional round wafer processes, enabling manufacturers to meet demanding device requirements with greater efficiency.

“We are pleased to fulfill this order for our Ultra ECP ap-p,” said Dr. David Wang, ACM’s President and Chief Executive Officer. “This milestone demonstrates our ability to deliver high-performance horizontal panel electroplating solutions through our differentiated technology that help customers accelerate their fan-out panel-level packaging roadmaps while strengthening our role in the advanced packaging ecosystem. As demand grows for next-generation devices, panel-level packaging offers the scalability, throughput, and cost advantages needed for high-volume production, which will achieve a seamless transition for the industry from 300-millimeter wafer packaging to panel-level packaging.”

The system features ACM proprietary horizontal electroplating technology, and supports copper (Cu), nickel (Ni), tin-silver (SnAg) and a gold (Au) plating. The Cu plating chambers incorporate high-speed plating paddles specifically designed for tall pillar applications, capable of achieving pillar heights exceeding 300 microns. The Ultra ECP ap-p features a four-sided sealing dry contact chuck for improved reliability, in-cell rinse functionality to minimize chemical cross-contamination between different plating cells, and a horizontal electroplating design synchronizing a rotating square electrical field with the rotating chuck for superior deposition uniformity.

To learn more about the Ultra ECP ap-p platform, schedule a meeting with ACM Research at booth C1129 at SEMICON Europa, November 18-21, Messe München, or visit our website.

Forward-Looking Statements

Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

About ACM Research, Inc.

ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

© ACM Research, Inc. Ultra ECP ap-p and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners.

Media Contact: Company Contacts:Alyssa LundeenUSAKiterocketRobert Metter+1 218.398.0776+1 [email protected]  China Xi Wang IR Contacts:ACM Research (Shanghai), Inc.The Blueshirt Group+86 21 50808868Steven C. Pelayo, CFA +1 (360) [email protected] Research (Korea), Inc. +82 70-41006699Gary Dvorchak, CFA +86 (138) [email protected] David Chang +886 921999884   Singapore Adrian Ong +65 8813-1107

NEW YORK, Nov. 16, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026 in the securities class action first filed by the Firm.

SO WHAT: If you purchased Freeport-McMoRan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport’s workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants’ statements about Freeport-McMoRan’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

Nvidia's benefited greatly from the AI boom, thanks to the strength of its chips.

Nvidia (NVDA +1.68%) has delivered fantastic news to investors quarter after quarter, and this is thanks to a wise move the company made more than a decade ago. The tech giant shifted its focus to the field of artificial intelligence (AI), with the goal of designing its chips to suit that technology perfectly.

The company has won that bet, as we can see through its revenue, climbing in the double- and triple-digits in recent years and reaching a record of $130 billion in the latest fiscal full year. Profit has also advanced, and Nvidia aims to keep this high, with goals for gross margin to continue to surpass 70%.

All this sounds great, but some investors have expressed worries about an element that could weigh on Nvidia. And this is competition from its very own customers. For example, players such as Amazon (AMZN 1.22%) and Alphabet have developed their own chips, meaning their cloud businesses don't have to turn to Nvidia or other outside providers exclusively.

But before worrying too much about this issue, let's consider 16 words from Amazon chief Andy Jassy that represent spectacular news for investors ahead of Nov. 19 -- a big day for Nvidia.

Image source: Nvidia.

Nvidia and Amazon
First, though, a quick note about how Nvidia and Amazon work together. Nvidia designs the graphics processing units (GPUs) that power AI, from the training of models to offering the fuel they need as they go on to solve problems. And Amazon buys these chips to offer its cloud customers.

Rivals exist, from Advanced Micro Devices (AMD) to, as mentioned, chips designed by Nvidia's customers, but so far, Nvidia's chips remain the most powerful. And since AI customers are eager to win the AI race, they haven't hesitated to invest in the best possible tools. As a result, Nvidia's sales have roared higher.

This doesn't mean other chips and their designers are wallowing in the doldrums, though. AMD, for example, this past week wowed investors with its latest earnings report -- quarterly revenue surged 36% to a record $9.2 billion. And Amazon has said its in-house-developed Trainium chip platform is seeing solid demand.

All this has prompted some investors to wonder whether these trends will lead to slower growth for Nvidia down the road. And this brings me to the words from Amazon's Jassy that represent good news for Nvidia shareholders. It's key to note that Nvidia shareholders and Nvidia watchers are looking for any clue they can find about the company's future ahead of its earnings report on Nov. 19.

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Amazon's use of chips
Jassy, during Amazon's latest earnings call, spoke about Amazon Web Services (AWS), the company's cloud computing business, and its use of chips beyond those it designs in-house.

The 16 key words are, "We expect to keep growing our relationships over time" with Nvidia and other outside chip designers, Jassy said, calling them "important partners," and adding that Amazon also continues "to order very significant amounts" of Nvidia chips.

All this, along with Jassy's comments about seeing high demand for capacity, suggests that Amazon isn't looking to reduce its Nvidia chip orders -- and that there's plenty of room for both players to see significant growth in the years to come. Cost-conscious customers who turn to AWS's Trainium chip may not have necessarily opted for Nvidia in the first place, so AWS's product doesn't directly compete with Nvidia's latest GPUs. Instead, Trainium allows AWS to serve a broader range of customers, so it may boost AWS's revenue without hurting Nvidia's.

This offers us another reason to be optimistic about Nvidia's upcoming earnings report, regarding both quarterly growth numbers and what the company may forecast for the next few months. Nvidia has a track record of surpassing analysts' expectations, and it's possible this will continue. And that could set the stock up for more growth through the upcoming chapters of the AI story.

Real gross domestic product shrank 0.4% on a quarter-over-quarter basis, further complicating the timeline of the central bank's next interest-rate hike.

November 16, 2025 7:22 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 16, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026 in the securities class action first filed by the Firm.

SO WHAT: If you purchased Freeport-McMoRan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport's workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274727

NEW YORK, Nov. 16, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of James Hardie Industries plc (NYSE: JHX) between May 20, 2025 through August 18, 2025, both dates inclusive (the “Class Period”) of the important December 23, 2025 lead plaintiff deadline.

SO WHAT: If you purchased James Hardie common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 23, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, James Hardie Industries plc misled investors about the strength of its key North America Fiber Cement segment between May 20 and August 18, 2025. Despite knowing by April and early May that distributors were destocking inventory, James Hardie falsely claimed demand remained strong and that stock levels were “normal.” When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

Oil fell in the early Asian trade on a possible technical correction after Friday's notable price gains in both WTI and Brent.

NEW YORK, Nov. 16, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Zions Bancorporation, N.A. (NASDAQ: ZION, ZIONP) resulting from allegations that Zions Bancorporation may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Zions Bancorporation, N.A. securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46354 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On October 15, 2025, Zions Bancorporation, N.A. announced that it would be taking a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, in light of “apparent misrepresentations and contractual defaults by the Borrowers and Obligors and other irregularities with respect to the Loans and collateral.” Zions Bancorporation, N.A. further disclosed that it would be engaging counsel to coordinate an independent review of the matter.

On this news, Zions Bancorporation, N.A. common stock fell 13.14% on October 16, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

By

PYMNTS
 | 
November 16, 2025

 | 

Apple is reportedly planning its largest-ever transformation to its iPhone.

This overhaul applies to both the flagship products themselves and their traditional release schedule, Bloomberg News’ Mark Gurman wrote in a report Sunday (Nov. 16).

According to the report, Apple plans to introduce a trio of high-end models — the iPhone 18 Pro, iPhone 18 Pro Max and a new foldable — next fall. Six months or so later, the company will launch the iPhone 18, iPhone 18e and potentially an updated iPhone Air. Gurman said he expects this pattern to repeat for years to come, with Apple rolling out five and six new models every year.

He also argued the iPhone Air is “essentially a technology exercise and a prototype en route to the foldable iPhone,” as it will use many of the same components and technology. It is less about getting customers used to thinner devices than readying Apple’s supply chain.

Meanwhile, the report added, Apple is changing its release schedule. In recent years, the company has launched four main iPhones in the fall, with a lower cost SE or “e” model being introduced in the earlier part of the year. 

Starting next year, Gurman wrote, Apple will stop compressing so many releases into the fall, allowing it to enjoy steadier revenue throughout the year and place less pressure on workers and manufacturers.

Advertisement: Scroll to Continue

Apple’s market capitalization topped the $4 trillion mark last month, driven in part by stronger-than-anticipated demand for the new iPhone 17. It became the third public company to reach that milestone, following Nvidia and Microsoft, both of which reached it in July.

In other Apple news, PYMNTS wrote last week about a major shift in the company’s App Store strategy, which could set a precedent for how mobile software is developed and monetized.

The company has debuted a program that halves the standard 30% fee it takes from app developers on in-app sales for a category of software called “mini apps.” This program offers developers of mini apps — which run inside other standalone apps rather than as separate downloads — a reduced commission rate of 15% in exchange for using Apple’s tech to construct their apps.

“This could change how people use their phones,” PYMNTS wrote. “Instead of having multiple apps scattered across the phone, users might have just a few traditional apps that include many mini apps. This can make phones less cluttered and give users more features in fewer places.”

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Dogecoin is showing early signs of strength as traders eye a potential move toward $0.1670 in the coming days. At the moment, DOGE is trading around $0.1591, down 8.29% in the last 24 hours, but market indicators suggest an upcoming shift in momentum if buyers step in at key support levels.

Journalist

Posted: November 17, 2025

Key Takeaways
Why are traders selling SOON early?
Negative Funding Rates and a $6.29 million liquidity exit show bearish positioning rising ahead of the $31 million unlock.

What levels matter now for SOON?
A break below $1.94 could extend the downtrend, while holding this zone may steady the price temporarily.

Soon [SOON] extended its slide on the 16th of November after bears forced a sharp drawdown. CoinMarketCap data showed a 26% daily loss, placing the token among the day’s biggest decliners. That drop kept sentiment fragile and set traders up for more volatility ahead.

Unlock fear drives early selling
The recent decline in SOON over the past day appears linked to an expected price unlock. The coming token unlock will release 15.21 million tokens—4.3% of the circulating supply—worth an estimated $32 million.

A sudden release of this size is expected to weigh heavily on price, particularly as demand in the market remains weak and insignificant.

Source: Tokenomist

Although the token unlock is scheduled for the 23rd of November, the recent sell-off—if truly linked to the event—suggested investors are taking extra steps to avoid being trapped should a deeper decline follow.

More recently, selling pressure has intensified due to weakness in the derivatives market.

Bears dominate the derivatives market
Derivative investors continue to sell heavily. The Funding Rate—used to track whether bulls or bears pay more in funding fees and determine where the market is skewed—was key in this case.

The Funding Rate confirmed that sellers are in control. It turned extremely negative, with a reading of -1.1307%, suggesting SOON could fall further.

Source: CoinGlass

Circulating liquidity in the Derivatives market has also seen a notable decline. According to CoinGlass, $6.29 million was removed, leaving circulating liquidity at roughly $48 million.

With $2.39 million coming from liquidated positions, the remaining $3.9 million exiting the market indicated that investors willingly closed their positions—consistent with the sell-off tied to the upcoming unlock.

This trend implies that investors’ decisions are driven largely by the uncertainty spreading through the market.

What’s next for SOON
SOON traded near the support band between $2.00 and $1.94, a region that had held since the 7th of November. The 4-hour chart showed repeated reactions at this zone, but bearish momentum accelerated into 16 November.

Source: TradingView

If SOON closed decisively below $1.94, sellers could drive a deeper breakdown. If the zone held again, the price might stabilize in the unlock window or attempt a short-term rebound.