If Bitcoin drops below $117,000, the mainstream CEX's cumulative long liquidation pressure will reach $5.91 billion

On October 11th, CZ declared during a live stream that "the cryptocurrency industry will not always sail smoothly. Even with strong founders, strong projects, and a strong community, setbacks will be encountered. As long as the industry continues to do the right thing and collaborates in construction, there are many different areas within the industry that can be explored in depth. This industry will develop further due to the builders. Blockchain technology is a new technology and is much better than the technologies we had previously." The live stream interview of CZ on the threadguy podcast today has now come to an end.

On October 11th, CZ stated during a live stream, "Having the opportunity to get early exposure to Bitcoin was a gift of the era. I am extremely fortunate. Blockchain and Bitcoin are the technologies that are going to transform the future. At that time, I was very clear. After comprehending blockchain technology, I had no more uncertainties and was firmly convinced that the crypto industry is the future, and Bitcoin is the future. Bitcoin is the leader, and at that time, there was nothing capable of challenging it. Even now, I don't think any other token can come close to challenging it. At that time, I intended to wholeheartedly dedicate myself, but due to the lack of sufficient cash, I had to go all-in. I resigned from my job in the traditional industry, and many people regarded that as very risky. However, for me, if everything were to become zero, I could still return and find a job at a bank and lead a life. Later, I encountered a stalemate for approximately 18 months, and then the

On October 11th, CZ mentioned the recent "Chinese Community Hype of the Chinese Name Meme Token" during a live stream. He said, "I think many Western users are keen on trying to figure out what exactly is going on. This is just a coincidence. Anything I post on Twitter, any picture, any icon, or anything at all will turn into a meme, which made me a bit cautious for a while. Somehow, this has become a culture within the Binance community, and a large number of participants are Chinese speakers. Recently, it was the Chinese traditional Mid-Autumn Festival, and some Mid-Autumn memes emerged. The Chinese community has become more active, and the Western community has also begun to learn Chinese. It is a good thing to see the community so active."

On October 11th, according to HTX market data, Bitcoin dropped below $118,000, experiencing a 24-hour decline of 1.64%.

On October 11th, the founder of Strategy, Michael Saylor, posted on the X platform and said, "Bitcoin has no tariff."

On October 11th, as monitored by Onchain Lens, following a seven-month period of dormancy, a whale withdrew 2870 ETH from Binance. The value of this withdrawal was $11.86 million. Currently, the whale holds 4623 ETH, with a value of $19.12 million.