Gambler 0x4b62 liquidated 6 times on $BTC shorts, losing 199.83 $BTC ($15.45M) as price rebounds above $78K

Yilihua, founder of Liquid Capital, noted in a post that trading data is likely more credible. Bitcoin has triggered a pullback amid its 40-day rebound requirement, calculated from the correction that began on September 22. After touching the downtrend line at $75,700, it rebounded quickly. Next, it will move up to near the upper channel of $82,600, where a strong breakout could lead to another pullback. The U.S. factor will serve as the core influence on the market moving forward. In summary, this rebound will first reach the resistance level, after which a direction will be determined.

According to Bitget market data, the AI application sector of Hong Kong stocks continued to rally in the afternoon session. Deep Intellifusion rose by over 13%, Zhipu by more than 10%, while MINIMAX-W, Meitu and other related stocks also gained.

According to monitoring by OnchainLens, hackers linked to Mercado Bitcoin have transferred around 1.92 million VIRTUAL tokens (valued at roughly $1.14 million) to a new wallet, and are currently selling them in batches via MetaMask, with each batch totaling approximately 30,000 to 40,000 tokens (worth between $17,000 and $45,000).

On-chain analytics platform Santiment said in a report that community sentiment toward Bitcoin (BTC) and most altcoins has completely reversed over the past two weeks. On October 20, bullish comments on BTC were roughly 1.8 times the bearish ones, but sentiment gradually shifted bearish as prices declined. After news of the Binance hot wallet hack emerged in late October, the bull-to-bear ratio dropped to around 0.37. Following a brief sentiment rebound, bearish comments regained the upper hand as initial results from the US midterm elections showed the Democrats poised to control both chambers of Congress, with the current bull-to-bear ratio falling to approximately 0.51. Santiment noted that many retail investors view the Republican Party as more crypto-friendly, and the election outcome is bringing fresh selling pressure. The firm added that retail investor panic often serves as a contrarian indicator, so in the days after midterm election results are finalized, attention should be paid to the "buy the rumor, sell the fact" reaction. If BTC rebounds back above $79,000 while market sentiment remains bearish, it will be a strong signal that prices are starting to move against retail investor expectations.

Beating AI News Flash: OpenAI CEO Sam Altman changed his X handle to "Ram Altman". RAM is short for computer memory. The incident originated from an interview on October 29, where Altman complained about the global shortage of memory supplies, pointing out that most DRAM chips sit idle in personal computers, being used only around 5% of the time. He called this a waste of scarce resources, arguing that centralizing memory in cloud data centers would enable far more efficient utilization. Netizens immediately joked that Altman wanted to "hoard the world's memory". Elon Musk also shared a meme mocking people for "hoarding memory" on their PCs. A netizen later suggested Altman rename himself "Ram Altman". After replying "ok yeah", Altman actually updated his handle to that. However, Altman later clarified that he actually hopes for a significant global increase in memory production, so everyone can install as much memory as they want in their computers. When his comments were taken out of context, he bluntly said "fucking annoying".

According to OnchainLens monitoring, a trader has recorded a nominal liquidation volume of over $52.5 million on Hyperliquid in the past seven days, incurring losses of roughly $881,000. The address currently holds a BTC short position valued at approximately $5.54 million with 40x leverage, sitting just 0.27% away from its liquidation price. Its unrealized loss stands at $149,600, while its cumulative historical profit and loss totals around $885,500 in losses.