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Glassnode: The recent crypto market sell-off was a leverage-driven event and not a wholesale market "surrender."

3 hours ago

On October 14th, Glassnode made a post on social media, stating, "During the recent sell-off in the crypto market, more than 90% of the Bitcoin supply remained in a profit state. Most of the losses were incurred by top buyers. In contrast to the FTX and Luna crashes where less than 65% of the supply was profitable, this sell-off was not a massive 'giving up' but rather a structurally distinct, leverage-driven event."
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In the last 20 hours, approximately 4000 BTC have been transferred from Binance to BIT.

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Solana DApps Total Revenue Surpasses $18 Million in the Last 7 Days

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The "Insider Whale" holding a BTC short position is currently enjoying over $20 million in unrealized gains

On October 14th, according to the monitoring of HyperInsight (accessible via https://app.hyperliquid.xyz/join/NTOD), the "Insider Whale" that made a profit from shorting prior to the crash is currently holding a short position of 4,394 BTC, which is valued at $485 million and has an unrealized gain of $20.77 million.

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