Bitcoin falls below $81,000, driven by higher-than-expected inflation and intensified selling of AI stocks.

According to EmberCN’s monitoring, PUMP has fallen 16% over the past 24 hours, with a single wallet address likely driving today’s price decline. Approximately 7 hours ago, this address executed an on-chain sell of 1.264 billion PUMP tokens in one transaction, receiving 5.483 million USDC at an average price of roughly $0.0043 per token. The large single sell order incurred a slippage loss of around 5%. Ember estimates that splitting the order into multiple trades would have allowed the address to theoretically cash out approximately $5.78 million; the direct sale only netted $5.48 million, resulting in a shortfall of roughly $300,000.

According to Glassnode data, Bitcoin is currently near a support level, but a large cluster of long liquidations lies below. A further price drop could trigger a cascade of liquidations, with another liquidation cluster around the $75,000 mark. In contrast, short liquidation positions have continued to accumulate above the $85,000 level over the past week. For now, the long liquidation zone below is more vulnerable than the short liquidation zone above.

Bitget launches the "US Stock Investor | AI Track" campaign, running from 19:00 on October 15 to 23:59 on November 11 (UTC+8). During the event, new users who complete rToken trading and holding tasks will receive 1 mystery box. Additionally, all users will earn 1 mystery box for each friend they invite to finish the same tasks, with a maximum of 5 mystery boxes per user during the campaign. The mystery box prize pool includes rNVDA spot cash vouchers ranging from 0.025 to 2.5 units, awarded on a first-come, first-served basis. For more event details, please refer to Bitget’s official platform.

JPMorgan strategist Nicholas Panigirtzoglou notes that the October sell-off in AI stocks is unlikely to replicate the sharp rebound seen in July. Compared to earlier periods, current market willingness to buy the dip has weakened, short positions are insufficient to fuel potential short-covering buying, corporate buyback funds have shrunk, and the renewed buildup of leveraged exposure in ETFs could further amplify market volatility. JPMorgan believes that based on investor positioning and fund flows, AI infrastructure stocks do not appear to have entered oversold territory yet. The current sell-off has spread from South Korean memory chip stocks to the U.S. semiconductor sector. SK Hynix and Samsung Electronics have both seen their share prices fall by nearly a third over the past month, while the Philadelphia Semiconductor Index has dropped 10% in the last five trading days. Additionally, the combined $40 billion share buyback plan previously announced by SK Hynix and Samsung Electronics was completed ahead of schedule in mid-October, potentially removing some of the buying support from corporate repurchases. Meanwhile, BlackRock CEO Larry Fink warned that a pause in U.S. data center construction could push the economy into recession, noting that a significant portion of U.S. economic growth is tied to capital expenditures on AI infrastructure. As market concerns grow over AI investment returns and corporate profitability, price adjustments in the AI industry chain could also impact data center construction, energy infrastructure, and related employment sectors.

Security firm Hacken reports that in Q3 2026, the crypto industry recorded 107 hacking attacks, with total losses reaching $1.18 billion—the highest quarterly loss since Q1 2025. Of this, roughly $906 million (77% of total losses) was linked to breaches of third-party vendors or development tools, components with publicly disclosed fixes not yet deployed, and un-audited elements. The quarter’s losses were driven by four major incidents: Bitget’s hack caused ~$387 million in losses, Liquid Network lost ~$320 million, the Tectonic incident involved ~$120 million, and a Coldcard firmware bug resulted in ~$115 million in damages. While third-party infrastructure issues accounted for the largest loss sum, smart contracts remained the most common attack vector, with 71 incidents leading to ~$228 million in losses. On loss recovery: Approximately $387 million was retrieved or reversed via rollbacks, representing 33% of total losses; another ~$410 million was covered by operators’ own funds, including the $387 million from Bitget’s user protection fund. Around $384 million (32% of total losses) remained unrecovered and uninsured. Hacken advises the industry to enhance security audits of critical components, including third-party vendors, development tools, oracles, cross-chain bridges, custodial systems, and signing permissions.

According to Cryptoquant data, the cumulative inflow of XRP whales into Binance over the past 30 days has climbed to 1.669 billion tokens, marking a 7-month high and surpassing the roughly 1.65 billion figure recorded in September. This signals a renewed uptick in large holders’ activity of transferring XRP to crypto trading platforms. Increased inflows from whales could boost XRP’s tradable supply on these platforms; if large holders opt to sell, it may intensify market selling pressure. That said, capital inflow does not automatically point to an imminent sell-off—it may also stem from wallet rebalancing or utilization of other Binance trading services. This metric alone is insufficient to determine XRP’s future price trajectory; further analysis combining net flow, trading volume, and price movements is required.