Bitcoin (BTC) — Onchain News & Whale Tracking

Analysis: Bitcoin cycle indicators suggest the correction may not be over yet, and the rebound does not mean selling pressure has been exhausted.

CryptoQuant certified analyst CryptoZeno published an analysis stating that Bitcoin’s current market structure shows cooling cycle momentum, but no extreme signals typical of major historical inflection points have emerged. The 30-day moving average of the Bitcoin Cycle Extremes Index has fallen to 15.8%, landing in the "Watch / Mild Pressure" range. BTC is now around 46% off its prior all-time high, yet the index remains far below levels corresponding to active or extreme market phases. The Cycle Extreme Oscillator also carries cautious signals: its 30-day moving average is near the bottom of its historical range and significantly below the 1.0 threshold. The indicator previously rose sharply during multiple active market phases in early 2021 and between 2024 and 2025, with no such shift seen currently. BTC is closer to a consolidation and low-activity phase than a confirmed cycle bottom. Low indicator readings do not mean selling pressure has been exhausted; further sideways movement or even a new downturn remains possible. Going forward, focus should be on whether the Cycle Extremes Index can sustain a rebound into the "Active Phase" range, and whether the oscillator can recover in tandem. Until these signals materialize, the cooling of market cycle momentum should not be misread as a trend reversal.

Bitcoin mining firm MARA transferred 1,650 BTC worth $132.8 million over nearly 12 hours.

According to Lookonchain’s monitoring, bitcoin mining company MARA Holdings transferred 1,650 BTC, valued at approximately $132.8 million, to Galaxy Digital, Copper, and other platforms over the past 12 hours.

Yilihua: Bitcoin needs to strongly break through $82,600 to usher in its second main uptrend wave, and it remains in a bull market trend for now.

Yilihua, founder of Liquid Capital, said in a post that Bitcoin (BTC) has now broken through $80,300 and stabilized above its 20-day moving average. To trigger a second major uptrend wave, BTC must next break through $82,600 decisively, after which it will target the strong resistance level of $86,000. If BTC clears $86,000, its subsequent target levels are $97,000 and $104,000. The recent pullback of BTC near $86,000 is a normal correction within the bull market trend, so even if he anticipates a pullback, he will not go short, as the market could rebound rapidly at any time. He added that he began buying the dip when BTC was near $77,000, but missed part of the rebound due to external factors disrupting trade execution.

During Bitcoin's rally, multiple crypto whales opened short positions, with CBB and another trader increasing their short positions by $33 million.

According to TradingBeats monitoring, Apple (AAPL) saw a sharp rally on Hyperliquid, rebounding to around $350 and erasing all recent losses. During this move, multiple large whale addresses opened significant short positions. One address starting with 0x1367 added a net AAPL short position worth roughly $33.22 million overnight. As of press time, its short position has expanded to approximately 150,000 contracts, valued at around $52.46 million, with an average entry price of $342.83, resulting in an unrealized loss of about $1.026 million. Meanwhile, trader "CBB" net bought roughly $9.753 million worth of AAPL between last night and this morning, currently holding around 28,400 long positions valued at approximately $9.93 million, with an average entry price of $348.17, and an unrealized profit of around $43,000.

The Moscow Exchange will officially launch trading in Bitcoin, Ethereum, and USDT on December 1.

Russia’s largest stock exchange, Moscow Exchange (MOEX), announced it will open digital currency trading services to financial market participants starting December 1, 2026. This move marks the official launch of Russia’s first organized digital currency market. According to an official announcement from MOEX dated November 2, the trading will be conducted using the existing technical infrastructure of its stock market and integrated into the unified clearing system of the National Clearing Centre. Trading hours will align with the stock market, running from 06:50 to 23:50 Moscow time daily. The first batch of supported assets includes Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with both address-free (anonymous order book) and address-based trading modes available. The market will also offer same-day settlement (TOD), next-day settlement (TOM), and swap tools for liquidity management. The exchange noted that it will gradually expand its trading products to include more international and Russian domestic digital assets in the future. The service will initially operate as a pilot program, with market participants connecting gradually based on system readiness.

American Bitcoin's third quarter net profit is approximately $126 million.

According to PR Newswire, American Bitcoin Corp. (ABTC), a Nasdaq-listed Bitcoin mining company, released its Q3 2026 financial results. The company posted a net profit of approximately $126 million for the quarter, compared to a net loss of $57.2 million in the prior quarter; adjusted EBITDA came in at around $221 million, versus an adjusted EBITDA loss of $45 million in Q2. For mining operations, Q3 mining revenue was roughly $63.4 million, a slight decrease from $67 million in Q2, with total Bitcoin mined at about 891, down from 932 in Q2. Gross profit stood at $25.8 million, with a gross margin of 41%—lower than the 49% recorded in Q2—driven primarily by seasonal increases in electricity costs. The per-Bitcoin mining cost for the quarter was approximately $42,100, compared to $36,500 in Q2. As of September 30, the company owned roughly 89,242 mining rigs, with a hashrate of 28.1 EH/s. On the strategic reserves front, the firm’s Bitcoin holdings rose from about 8,002 as of June 30 to around 8,427, adding roughly 425 coins for a 5% quarter-over-quarter increase. The Satoshis Per Share metric grew from ~10,989 to ~11,572, also a 5% rise. American Bitcoin noted it did not issue new shares via an ATM (at-the-market) program during the quarter, nor did it purchase Bitcoin on the open market. Its holdings include approximately 3,090 Bitcoin pledged under Bitmain mining rig purchase agreements. American Bitcoin is a subsidiary of Hut 8 Corp., with Eric Trump serving as its co-founder and chief strategy officer.

Mercado Bitcoin announces it will gradually resume services starting from November 9.

Brazilian crypto exchange Mercado Bitcoin has announced an update, stating it will gradually resume services via its official website starting next Monday (November 9). The first phase will only allow website login, enabling users to check balances, bills, assets, and portfolios; deposit, withdrawal, and trading functions will be rolled out sequentially after final security verification of each module. The platform reiterated that customers will not lose assets due to the security incident, with account balances remaining registered in their respective accounts. Mercado Bitcoin will use its own funds to cover incident-related assets and prepare to launch necessary repurchases in domestic and international markets. The company said that in collaboration with Tether, Circle, Paxos, BRL1, Chainalysis, and the crypto community, more than $15 million worth of assets have been frozen to prevent attackers from transferring or liquidating them, and efforts to recover the funds are ongoing. Regarding the recovery timeline, Mercado Bitcoin noted its platform is an integrated system covering custody, deposits, trading, and balance management, so restarting is not simply bringing servers back online. Each environment and trading process is undergoing independent stress tests, and investigations are still underway in collaboration with regulatory authorities. The company also added that it recently received a $20 million investment from Tether for business expansion (not liquidity emergency support), bringing its total historical funding to around $3 billion from investors including SoftBank, 10T Holdings, and Tribe Capital.

The entire cryptocurrency market is seeing a broad rebound, with Bitcoin (BTC) surging over 4.3%, and Goldman Sachs attributing the market rally to the closing of hedging positions.

According to HTX market data, as Bitcoin briefly rebounded past $81,000, the entire cryptocurrency market has rallied across the board: BTC rose over 4.3% in 24 hours, ETH gained 6.66% in 24 hours, SOL jumped more than 4% in 24 hours, BNB climbed over 2% in 24 hours, XRP advanced more than 3.7% in 24 hours, and ZEC surged over 10% in 24 hours. The total market capitalization of all cryptocurrencies rebounded to $2.72 trillion, with a 1.0% 24-hour increase, and the Fear & Greed Index stands at 46 (neutral) as of now. Analysts from Goldman Sachs and Deutsche Bank argue that this round of risk market rebound is mainly driven by the unwinding of hedging positions accumulated ahead of the election after the election results became clear, while the decline in political uncertainty has also compressed market risk premiums. Goldman Sachs noted that the AI infrastructure sector has seen a significant contraction in valuations, and a drop in short-term volatility may further support the stock market. Following the conclusion of today’s U.S. midterm elections, high cost of living has become the top policy priority for the Democratic Party, which is set to take control of Congress. Hakeem Jeffries, the House Democratic leader expected to become Speaker of the House in January next year, said that after the Democrats take charge of Congress, the focus should be on reducing the cost of living rather than seeking retaliation against Trump.

Bitcoin rebounds to break through $80,000.

According to HTX market data, Bitcoin has rebounded and broken through the $80,000 mark.

Bitcoin briefly broke through $81,000.

According to HTX market data, Bitcoin briefly broke through $81,000.

Bitcoin rebounds to break through $79,000.

According to HTX market data, Bitcoin has rebounded to break through the $79,000 level.

Bitcoin and Ethereum ETFs See Major Outflows: $BTC Down $67.33M, $ETH Down $79.99M in 24hrs

Nov 4 Update: #Bitcoin ETFs: 1D NetFlow: -859 $BTC(-$67.33M)?? 7D NetFlow: -12,641 $BTC(-$990.98M)?? #Ethereum ETFs: 1D NetFlow: -34,497 $ETH(-$79.99M)?? 7D NetFlow: -202,950 $ETH(-$470.58M)??

Analyst: Market has priced in the Democrats' sweep of the U.S. Congress, Bitcoin rebounds 1.6%

Despite the Democrats winning control of both chambers of Congress in the U.S. midterm elections, Bitcoin dipped briefly before rebounding around 1.6% to hit $78,458. Multiple analysts noted that the market had largely priced in the Democrats’ sweep of Congress, so the election result did not represent a new major negative catalyst. André Dragosch, Head of Research at Bitwise Europe, stated that the market had already fully factored in expectations of a Democratic victory, coupled with weak market sentiment and fading selling pressure, which led to Bitcoin’s V-shaped rebound. James Butterfill, Head of Research at CoinShares, also argued that the market saw a relief rally as election uncertainty receded. However, Democratic control of Congress may raise regulatory uncertainty for the crypto industry. Analysts believe that progress on the CLARITY Act will face further headwinds, and related legislation could remain stalled until 2027; the Trump family’s crypto businesses may also face additional congressional investigations. Existing regulatory guidelines from the SEC and CFTC, as well as the GENIUS Act, will not automatically lapse as a result, analysts added. They further pointed out that compared to the election outcome, Federal Reserve policy, real interest rates, U.S. dollar liquidity, and crypto ETP fund flows remain the key factors driving Bitcoin’s price trends.

Bitcoin rebounds from a low of $75,600, with DeFi tokens leading gains in the crypto market.

As results of the U.S. midterm elections indicated the Democratic Party secured control of both chambers of Congress, the crypto market briefly came under pressure, with Bitcoin dropping to around $75,600 in the early hours of Wednesday before rebounding rapidly. As of 00:00 UTC, Bitcoin has risen roughly 1.3% to trade near $78,300; Ethereum is up around 2%, and the CoinDesk 80 Index gained 2.3%. The DeFi sector was the top performer, with the CoinDesk DeFi Select Index climbing approximately 5%, among which Injective (INJ) saw a 6.2% gain; Venice (VVV) led the CoinDesk 100 Index with a roughly 7% increase. Trump-linked tokens generally declined. In derivatives trading, total market futures volume rose 27% over 24 hours, open interest increased only 3%, and liquidation value jumped 22% to $469 million. ZEC’s open interest grew 25%, while its price rose 14% in the same period, signaling inflows of new capital. Moving forward, the market will focus on the U.S. jobs report set to be released Friday.

A Canadian court has ordered the return of a Bitcoin wallet to the family of a murderer, after prosecutors failed to prove the wallet was linked to the murder.

Nova Scotia Supreme Court Justice John Bodurtha ruled Tuesday that a laptop containing a bitcoin wallet will be returned to the family of convicted murderer William Sandeson, who is currently serving a prison sentence. The judge found prosecutors failed to link the wallet’s bitcoin to the 2015 murder case, nor could they prove the digital assets were proceeds from drug trafficking or other criminal activity, so the wallet should not be seized. Sandeson killed fellow student Taylor Samson in 2015; he was convicted of second-degree murder by a jury in 2023 and is now serving a life sentence, with parole eligibility as early as 2030. The bitcoin wallet in question was previously seized by police from Sandeson’s residence, though the exact amount of cryptocurrency held has not been disclosed. There is a significant dispute over the wallet’s value: Sandeson claims it is worth roughly C$8,000 to C$10,000, while the victim’s family, in a separate civil lawsuit over Samson’s wrongful death, alleges the wallet could now be worth more than C$200,000. The court also ruled that C$5,000 in cash seized from Sandeson’s home after the murder is criminal-related property and will not be returned.

Mercado Bitcoin hacker sells off another 31 altcoins for ETH, bringing total converted value to around $18.19 million.

According to SpotOnChain's monitoring, hackers behind the Mercado Bitcoin breach have moved 31 altcoins to a new wallet and sold all of them for approximately $316,000 worth of ETH, continuing to offload the stolen funds. Across multiple wallets, the total amount converted to ETH has reached around 7,988 ETH, valued at roughly $18.19 million.

The hacker linked to Mercado Bitcoin transferred 1.92 million VIRTUAL tokens and sold them in batches via MetaMask.

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).

A crypto whale has shorted Bitcoin (BTC), with its liquidation volume over the past seven days surpassing $52.5 million, while still holding a position worth around $5.54 million.

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.

Analysis: Bitcoin seller selling pressure has hit bear market extreme levels; a bottoming is in sight, but a market reversal still requires fresh demand.

CryptoQuant analyst Darkfost noted in a post that on-chain data shows Bitcoin’s "Seller Exhaustion Model" indicator has dropped to its lowest level since the last bear market. The model measures whether sellers still hold enough positions to keep pushing prices down by comparing the market’s profitable supply ratio with average monthly volatility. With BTC having corrected more than 10% from its recent peak, most short-term profit-taking positions in the market have been closed, and selling momentum has weakened significantly. Historically, such a sharp decline in selling pressure usually helps form a market bottom. The analyst also warned that easing selling pressure does not mean the market will rebound immediately. The core contradiction now is that although sellers have calmed down, the market still lacks sufficient "new demand" to drive prices higher. Until buying capital returns substantially, Bitcoin’s upside potential remains limited.

Bitcoin rebounds above $78,000, with one trader facing six forced liquidations in two hours.

According to Lookonchain monitoring, as Bitcoin (BTC) rebounded above $78,000, trader 0x4b62 has had their BTC short positions liquidated six times over the past two hours, with a total of 199.83 BTC cleared, worth roughly $15.45 million. The trader currently still holds 70.99 BTC in short positions, valued at approximately $5.5 million, with a new liquidation price of $78,192.79.

Bitcoin surpasses $78,000, with a 1.68% intraday gain.

According to HTX market data, Bitcoin has broken through $78,000, currently trading at $78,007, with a 1.68% daily gain.

Mercado Bitcoin hacker has dumped altcoins including PEPE and AAVE, converting all to ETH.

According to Lookonchain's monitoring, the Mercado Bitcoin hacker has sold off multiple altcoins including PEPE, AAVE, UNI, ONDO, and ENA, and converted all the proceeds into ETH. Currently, the hacker holds 7,988 ETH, valued at approximately $18.19 million.

MercadoBitcoin hacker dumps altcoins for 7,988 $ETH worth $18.19M

The @MercadoBitcoin hacker has dumped $PEPE, $AAVE, $UNI, $ONDO, $ENA, and other altcoins, swapping them all for $ETH. The hacker now holds 7,988 $ETH ($18.19M).

Yesterday, U.S. spot Bitcoin ETFs saw a net outflow of $115.6 million, while U.S. spot Ethereum ETFs recorded a net outflow of $85.3 million.

According to Farside’s monitoring, U.S. spot Bitcoin ETFs recorded a total net outflow of $115.6 million yesterday. Among them, IBIT saw a net outflow of $95 million, FBTC a net inflow of $6.8 million, BITB a net inflow of $21.9 million, MSBT a net inflow of $3.3 million, and BTC a net outflow of $52.6 million; ARKB, BTCO, EZBC, BRRR, HODL, BTCW, and GBTC all had no capital inflows or outflows. U.S. spot Ethereum ETFs posted a total net outflow of $85.3 million yesterday. Of this, ETHA had a net outflow of $74.4 million, ETH a net outflow of $10.9 million; ETHB, FETH, ETHW, TETH, ETHV, QETH, EZET, MSSE, and ETHE all had no capital inflows or outflows.

Bitcoin broke through $77,000, posting a 0.51% intraday gain.

According to HTX market data, Bitcoin has broken through the $77,000 mark, currently trading at $77,060.65, with a 0.51% intraday gain.

BitMart Founder: The crypto exchange was hacked yesterday, and the breach is suspected to be related to the Mercado Bitcoin hack.

Cryptocurrency exchange BitMart, which has announced its shutdown and is proceeding with reorganization and liquidation, founder Sheldon Xia confirmed in a post that BitMart was also hacked yesterday. The incident involved a small sum of funds; the team has swiftly launched an investigation and strengthened security defenses. Preliminary investigations indicate that yesterday’s hack may have been carried out by the same group that attacked Brazil’s Bitcoin market operator Mercado Bitcoin on the same day.

Yili Hua: The Republican Party is likely to lose control of both chambers of Congress, US stocks may continue to correct, and Bitcoin is relatively resilient to declines.

Liquid Capital founder Li Lihua stated in a post that the Republican Party is likely to lose both chambers of the US Congress, and the key state of Texas is also in a precarious position. As a result, US stocks will continue to correct. Bitcoin originally had a rebound demand after correcting within its 40-day range, but with the Binance "black swan" incident and Trump's midterm election loss, Bitcoin has not yet reached its optimal correction level. However, compared to US stocks, Bitcoin, which is in a bull market trend, has been quite resilient, especially amid all-round negative external factors.

10x Research: Bitcoin could rise to $90,000 by the end of the year, with Ethereum likely to underperform Bitcoin.

Markus Thielen, founder of 10x Research, forecasts Bitcoin is still on track to hit $90,000 by year-end, but may first pull back to the mid-to-high end of the $70,000 range before that. He anticipates the Federal Reserve will implement one more rate hike in December before becoming more cautious about further increases, a move that could support Bitcoin’s rebound ahead of year-end. Thielen notes that the participation of Wall Street traders and profit-taking by large holders are reshaping Bitcoin’s price trend. Institutional traders selling call options after price rallies have made it harder to replicate the double-digit consecutive gains seen in earlier years. He forecasts Bitcoin is more likely to rally sharply following the release of key economic data or Fed policy decisions, then enter a consolidation phase while waiting for the next macro catalyst. On the ETF demand front, Thielen estimates based on 13F filings that market makers account for up to half of the roughly $60 billion in net inflows to spot Bitcoin ETFs he analyzed. These institutions hold ETF shares to hedge options trades, not necessarily to bet on Bitcoin’s upside. Still, he believes institutional investors and some sovereign wealth funds could enter the space in the future. Thielen also forecasts Bitcoin will outperform Ethereum. He argues that a large portion of value generated by Ethereum network activity flows to Layer 2s, and lower transaction fees may also reduce ETH burn volumes. Citing Hyperliquid’s model of using trading fees to buy back and burn HYPE as an example, he says Ethereum needs to create a more direct link between network usage and economic returns for ETH holders.

Bitcoin falls below $77,000

According to HTX market data, Bitcoin has fallen below $77,000, with a 0.33% drop in the past 24 hours.

Mercado Bitcoin: Security incident results in $12.9 million in frozen assets, platform remains suspended.

Brazilian crypto exchange Mercado Bitcoin has released an update on its security incident, noting that affected assets are currently valued at around $36.3 million, with $12.9 million already frozen and related work ongoing. The platform and its mobile application remain suspended until security is confirmed to be restored. The company stated that customer assets are secure, with balances still recorded in individual accounts. Previously, the exchange had announced it had frozen $11 million in related assets.

Bitcoin and Ethereum ETFs See Major Outflows: $BTC Down $459M, $ETH Down $197M in 24 Hours

Nov 3 Update: #Bitcoin ETFs: 1D NetFlow: -5,942 $BTC(-$458.98M)?? 7D NetFlow: -9,593 $BTC(-$740.99M)?? #Ethereum ETFs: 1D NetFlow: -86,589 $ETH(-$197.12M)?? 7D NetFlow: -195,872 $ETH(-$445.91M)??

Adam Back: Any attempt to impose personal views on Bitcoin will eventually be rejected by the market.

Blockstream co-founder Adam Back published an article discussing the group supporting the BIP110 fork, and mentioned Francis Pouliot’s discussion on the real-world state of Bitcoin, noting that it once again clearly demonstrates the actual operational logic of the Bitcoin network. BIP110 suffered a severe failure during its initial technical review, with the technical proposal containing numerous flaws and being highly problematic. However, the proposal’s supporters did not opt to listen to feedback and revise the plan, instead attempting to push it through by force. In response, Adam Back stated that any attempt to impose personal views on Bitcoin will ultimately be rejected by the market. He also noted that the related memes about "Big Bitcoin" (BIG BITCOIN), while well-intentioned, aim to help relevant groups understand Bitcoin’s immutability.

Mercado Bitcoin hacker transfers $8 million in ETH, still holds roughly $46 million in crypto assets.

According to Arkham's monitoring, the hacker who attacked Mercado Bitcoin recently transferred approximately $8 million worth of ETH to a new wallet. The hacker currently holds around $46 million in crypto assets.

U.S. spot Bitcoin ETFs saw net outflows of $398.6 million yesterday, while U.S. spot Ethereum ETFs recorded net outflows of $139.7 million.

According to Farside's monitoring, U.S. spot Bitcoin ETFs posted a net outflow of $398.6 million yesterday, marking two consecutive days of large net outflows. Meanwhile, U.S. spot Ethereum ETFs recorded a net outflow of $139.7 million over the same period, extending their net outflow streak to six consecutive trading days.

Data shows Binance's Bitcoin balance fell from 732,000 to 711,000 coins following the opening of withdrawals, a decrease of less than 3%.

Market analyst Murphy said that Binance has been seeing a withdrawal wave since it gradually reopened its withdrawal functions on November 1. On-chain data shows the exchange’s BTC balance fell from 732,000 to 711,000, with a total of 21,064 BTC withdrawn. The amount is not insignificant, but its share of the total balance is minor, at less than 3%. The analyst noted that from a risk diversification perspective, allocating some assets across multiple exchanges is a relatively reasonable choice. However, there is no 100% guarantee that other exchanges will not be hacked in the future, nor that they can provide full compensation after a breach. In terms of solvency, Binance currently holds $139.7 billion in on-chain asset reserves, with BTC and USDT making up nearly 60% of the total, BNB 18%, and ETH 6%. The exchange’s reserve size remains unmatched in the industry.

Mercado Bitcoin Hacked for $46M, Hacker Holds $1.79M PEPE, $1.61M AAVE, $1.35M PENDLE

Another exchange, @MercadoBitcoin, has been hacked for over $46M! Over $9M in stolen assets has already been frozen. The hacker still holds the following altcoins, which could face selling pressure: 372.99B $PEPE ($1.79M) 12.82K $AAVE ($1.61M) 769.95K $PENDLE ($1.35M) 29.83K

Arthur Hayes: U.S. dollar liquidity is recovering, but Bitcoin is expected to remain weak before the Federal Reserve expands its balance sheet.

BitMEX co-founder Arthur Hayes noted that U.S. dollar liquidity is picking up, and predicts Bitcoin will remain weak before the Federal Reserve or banks start expanding their balance sheets. Hayes attached a chart showing the 2026 year-to-date trend of the USDLIQ U Index, which is currently quoted at around 32.71 million, having risen by roughly 1.406 million year-to-date (a 4.49% increase), with a high of around 32.9 million and a low of around 31.27 million.

The crypto market saw a slight downturn, with Bitcoin falling below $77,000, and ZEC plunging 6.3% over the past 24 hours.

According to HTX market data, the crypto market is consolidating with minor downward movement. Bitcoin broke below $77,000 this morning, currently trading at $76,900, down 1.65% in 24 hours. Ethereum is at $2,256, down 0.62% in 24 hours. ZEC is at $1,154, plunging 6.3% in the past 24 hours. SOL is at $92, BNB at $700, HYPE at $84.5, all seeing minor declines. The total crypto market capitalization stands at $2.674 trillion, down 0.7% in 24 hours. Leading altcoin gainers in 24 hours: HOT up ~17%, HAEDAL up ~13%, TRX up ~2%, XMR up ~2%, JST up ~1.5%. Leading altcoin losers in 24 hours: NEAR down ~10%, ZEC down ~6%, LSK down ~15%, ENA down ~6%, BEAM down ~19%.

Brazilian crypto exchange Mercado Bitcoin provides update on security incident: $11 million in funds frozen

Brazilian cryptocurrency exchange Mercado Bitcoin announced in a post that it detected a security incident on its platform in the early hours of today, has activated security protocols and temporarily suspended service access. The platform guarantees customers will not lose any assets as a result of the incident. The total assets involved are approximately $38 million. Following rapid collaboration with the crypto community and strategic partners including Tether, Circle, Paxos, BRL1 and Chainalysis, $11 million has been frozen, and containment operations are ongoing. Services will be restored once sufficient security conditions are in place, with the relevant timeline announced exclusively via official channels.

Liquid: Bitcoin reserves have been fully restored, and LBTC has returned to its 1:1 peg.

Liquid Federation announced that its network’s Bitcoin reserves have been fully restored, re-establishing 1:1 BTC backing for all LBTC. Users can now transfer between Bitcoin and Liquid at a 1:1 ratio via participating swap service providers.

Brazilian crypto exchange Mercado Bitcoin was hacked, with over $40 million stolen, and has suspended deposits and withdrawals.

Brazilian cryptocurrency exchange Mercado Bitcoin suspended deposits and withdrawals on Monday local time, after wallets linked to the platform were drained across at least 10 blockchains, with multiple security firms estimating losses exceeding $40 million. Monitoring shared by Opsek founder Pablo Sabbatella shows the largest outflow occurred between 06:19–06:53 UTC, involving Ethereum, Solana, Tron, Polygon, Arbitrum, Avalanche, BSC, Stellar and other chains. The attacker’s address now holds roughly 2,852 ETH, 106 BTC, 10,700 SOL, 6.7 million XLM, 77,000 AVAX, plus over 200 other tokens. The transfers were regular transactions, not smart contract exploits; how attackers obtained signing permissions remains unclear. Mercado Bitcoin stated in an X post that it had “identified and swiftly contained” the security incident, noting customers were unharmed, no data breach occurred, and the deposit/withdrawal suspension was a preventive measure. The platform is tracking the assets and cooperating with authorities, and later published target addresses on EVM, Bitcoin, Solana, Stellar, Tron and other chains for tracking purposes. Tether founder Paolo Ardoino confirmed that approximately $4.5 million in USDT linked to the incident has been frozen. There is currently no public evidence linking this event to the recent Binance hack.

Tether Freezes Over 4.5 Million USDT Linked to Mercado Bitcoin Security Incident

According to Tether CEO Paolo Ardoino’s disclosure on X, Tether has frozen over 4.5 million USDT linked to the security incident. Brazilian cryptocurrency exchange Mercado Bitcoin issued a statement saying it has swiftly identified and contained a security incident affecting its systems.

Brazilian crypto exchange Mercado Bitcoin says it has contained the security incident, with deposits and withdrawals currently suspended.

According to an official announcement from Brazilian crypto exchange Mercado Bitcoin, the platform detected and quickly contained a security incident in one of its systems early this morning. The exchange emphasized that no customer losses occurred and no data was leaked. As a preventive measure, deposits and withdrawals have been temporarily suspended. The team is currently investigating and tracing assets, and coordinating with relevant authorities.

Bitcoin and Ethereum ETFs See Outflows: $BTC Down $614M, $ETH Down $102M in 24 Hours

Nov 2 Update: #Bitcoin ETFs: 1D NetFlow: -7,919 $BTC(-$614.26M)?? 7D NetFlow: -2,292 $BTC(-$177.81M)?? #Ethereum ETFs: 1D NetFlow: -44,837 $ETH(-$102.12M)?? 7D NetFlow: -147,585 $ETH(-$336.15M)??

Strive has slowed its pace of increasing Bitcoin holdings, purchasing only 124 new Bitcoin last week.

Strive CEO Matt Cole posted on social media that the firm acquired 124 BTC last week for $10 million, with an average cost of $80,526 per Bitcoin, bringing its total BTC holdings to 43,124. Most of the purchase was funded by existing cash, and this marked Strive’s first use of SATS ATM (market-priced stock offering), which accounted for 100% of the firm’s ATM fundraising proceeds this week.

Strategy added 810 bitcoins to its holdings last week.

According to market sources, MicroStrategy added 810 Bitcoin (BTC) to its holdings, bringing its total BTC position to 849,327 units.

Analysis: Bitcoin active addresses have fallen 43% from their December 2024 peak, while transaction volume has only dipped slightly.

Analyst Axel Adler Jr. noted that as of November 1, the 30-day average of Bitcoin active addresses stood at around 629,000, a 43% drop from the local peak of roughly 1.1 million recorded in December 2024. The metric fell another 1% over the past week, and is now approximately 10% lower than the full-year average of around 702,000. In 2018, this indicator saw a decline from roughly 1.1 million to about 547,000, a 50% drop, but that pullback took roughly three months. The current cycle, which has seen a similar magnitude of decline from its peak over the past two years, is contracting at a slower pace. Meanwhile, since December 10, 2024, the 30-day average of daily BTC transfer volume has decreased from around 865,000 BTC to approximately 819,000 BTC, a drop of just 5.4%, and remains about 5.5% higher than the full-year average of roughly 776,000 BTC. The analysis points out that while active addresses have clearly declined, on-chain BTC transfer volume remains in line with levels seen in recent years. Both metrics have slipped over the past week, with no signs of a sustained recovery yet.

Bitwise CIO: The Binance hack incident will not alter Bitcoin’s long-term trajectory, as the industry’s maturity is vastly different from what it was in the past.

Bitwise Chief Investment Officer Matt Hougan commented on Binance’s roughly $6.3 billion security incident, noting that had the event occurred a decade ago, it would have been enough to bring down Binance and even Bitcoin. However, times have changed, and this incident will not alter Bitcoin’s long-term direction. Binance and its partners have frozen approximately half of the stolen assets, a move that also reflects the rising maturity of the crypto industry.

Michael Saylor has once again shared his Bitcoin Tracker update, potentially signaling he is increasing his BTC holdings.

Strategy founder Michael Saylor has once again released updates related to its Bitcoin Tracker, stating, "We can make the screen even more orange." Per past patterns, the orange dots represent Strategy’s Bitcoin purchase records, suggesting the company may be preparing to increase its BTC holdings. Strategy typically discloses changes to its Bitcoin positions the day after such news is made public.

PlanB: Bitcoin's RSI has been above 50 for three consecutive months, signaling the start of a new bull market.

Renowned analyst PlanB stated in a post that Bitcoin closed October at $77,430. Unfortunately, the so-called "Uptober" rally did not materialize as expected. However, Bitcoin's Relative Strength Index (RSI) has remained above 50 for three consecutive months, marking the onset of a new bull market.