There are currently 1057 SmartMoney traders longing BNB on the Binance platform, with a total position value of $493 million.

On October 7th, Glassnode shared data on social media indicating that with Bitcoin breaking through its previous high, traders increased their long positions, resulting in a notable rise in BTC futures open interest. The current pullback is testing the durability of these long positions and facilitating a market leverage reset. Going forward, close attention should be paid to two signals: when and where buyer strength emerges, and whether key support levels can reactivate market demand.

On October 7th, based on HTX market data, Ethereum briefly fell below $4,500 and reached a low of $4,477. It is currently trading at $4,503. It has experienced a 24-hour decrease of 3.56% and a drop of approximately 5.8% from the daily high.

On October 7th, as monitored by The Data Nerd, 7 hours ago, a whale (possibly RedOakCayman) withdrew 2 million EIGEN from Binance (approximately $3.94 million). At present, the address holds a total of 6 million EIGEN (approximately $11.82 million), and it has an unrealized gain of around $2.88 million.

On October 7th, based on market data, BNB dropped below $1,300 and is currently trading at $1,275. It hit a low of $1,262, down approximately 6.5% from the daily high of $1,350.

On October 7th, based on market data, all major U.S. stock indices witnessed a decline. The S&P 500 Index dropped by 0.3%, the Nasdaq decreased by 0.5%, and the Dow Jones Industrial Average fell by 0.1%. Cryptocurrency stocks also experienced a simultaneous decline. Previously strong-performing ones saw their gains narrow, including: Coinbase (COIN) fell by 3.58%. Circle (CRCL) fell by 1.09%. MicroStrategy (MSTR) fell by 6.73%. Bullish (BLSH) fell by 5.8%. Bitmine (BMNR) fell by 5.24%. SharpLink Gaming (SBET) fell by 6.86%. BNB Network Company (BNC) rose by 6.06%. ALT5 Sigma (ALTS) fell by 3.9%. American Bitcoin (ABTC) fell by 4.62%. Eightco Holdings (ORBS, formerly OCTO) rose by 2.8%. New SOL Treasury Stock Helius (HSDT) rose by 4.56%. BTC Treasury Stock Kindly MD (NAKA) fell by 8.74%. According to HTX market data, Bitcoin fell below $122,000 and is now priced at $121,990. Ethereum fell below $4600 and is now priced at $4566.

On October 7th, according to HTX market data, Bitcoin briefly dipped below $122,000 and is currently trading at $122,151, with a 24-hour decline of 2%.