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Bitcoin Surges Above $111,000

3 hours ago

On October 11th, according to HTX market data, Bitcoin experienced a rebound and surpassed $111,000. The 24-hour price decline narrowed to 8.24%.
Relevant content

WLFI Official Conducts Midnight “Buy the Dip” to Support the Price, Purchasing $10 Million Worth of WLFI Tokens, Currently Facing Over 30% Unrealized Loss

On October 11th, as monitored by on-chain data analyst Yu Jin, the official team of WLFI purchased 55.687 million WLFI tokens with $10 million USD1. The average purchase price per token was $0.18 in the early hours when WLFI had just started to decline. However, just one hour after their purchase, the rug pull event took place, and WLFI plummeted to a low of $0.07. It has since rebounded to $0.12, but it is still down by more than 30% compared to their purchase price.

6 minutes ago

Opinion: The recent extreme downturn in the market may have been caused by a large institution using cross-margin on Binance being liquidated.

On October 11th, the crypto influencer and co-founder of Primitive Ventures, Dovey Wan, posted on social media, speculating that the recent market crash was triggered by a large institution (possibly a traditional trading firm using cross-margin) being liquidated on the Binance platform. Although further analysis is required, at first sight, the price of USDe on Binance once dropped to 0.6, while the prices on other exchanges remained relatively stable. Moreover, a significant difference in volatility has been noticed between tokens listed on Binance and those not listed on Binance.

6 minutes ago

Whale Address that Opened $1.1 Billion Worth of Short Positions Before the Plunge Makes Nearly $80 Million in One Day

On October 11th, as per on-chain analyst Ai (Twitter: @ai_9684xtpa), the "high-profile BTC ancient whale that swapped ETH" established a short position worth $1.1 billion 17 hours ago. This included a 10x short on BTC and a 12x short on ETH. Currently, it has realized a profit of $78.56 million. The address 0x2ea...923f4 has closed the position with a take-profit and achieved a profit of $72.31 million. Meanwhile, another address still holds a position of 821.6 BTC, with an unrealized gain of $6.25 million.

6 minutes ago

Binance: All services have been restored to normal, and we will closely monitor the situation.

On October 11th, Binance officials took to social media to announce that all services on the platform have now been restored and are in the process of gradual recovery. The official team will remain vigilant and closely monitor the situation to guarantee the smooth operation of all services.

6 minutes ago

「Buddy」 went from a floating profit of $44.5 million to losing the entire principal of $10.6 million within 22 days

On October 11th, according to the monitoring of on-chain data analyst Yu Jin, "Brother Whale" Huang Licheng's long position in ETH was liquidated two hours ago during the recent sharp downturn. In a period of 22 days, he went from a floating profit of $44.5 million to a current loss of $10.6 million in principal, resulting in a total loss of $55.1 million. His losses were entirely due to long positions, mainly from the following positions: · On September 30th, the long position on PUMP led to a loss of $11.1 million; · On October 9th, the long position on XPL resulted in a loss of $18 million; · On October 10th, the long position on ETH led to a loss of $12.56 million.

6 minutes ago

In the past 24 hours, the total number of liquidations across the network surged to $19.1 billion, once again hitting a new all-time high.

On October 11th, based on Coinglass data, in the past 24 hours, the total value of liquidations across the network has skyrocketed to $19.141 billion, reaching a new all-time high once again. A total of 1,621,284 users were liquidated globally. The long liquidations totaled $16.686 billion, while the short liquidations totaled $2.455 billion. The largest single liquidation took place in the ETH-USDT contract trading pair on the Hyperliquid platform, amounting to $203 million. Regarding specific assets, Bitcoin witnessed $5.317 billion in liquidations, Ethereum saw $4.378 billion, SOL had $1.995 billion, HYPE had $0.888 billion, and XRP had $0.699 billion.

6 minutes ago