BTC falls below the $102000 mark

DeFi platform Stream Finance is engaging law firm Perkins Coie LLP to lead investigation after an external fund manager disclosed a huge loss.

The bearish momentum is increasing, according to key indicators.

[100% Win Rate Whale's ETH and SOL Long Positions Are Only 4% Away from Liquidation Price] On-chain analysis shows that on November 4, the prices of ETH and SOL are approaching the liquidation price of the '100% win rate whale's' long positions, with only a 4% difference. The liquidation price for ETH is $3,333, and for SOL is $148. Previously, this whale achieved 14 consecutive wins, earning $15.83 million, but has now given back $40.40 million including profits.

[BitMNR and SharpLink ETH Holdings Face Unrealized Losses Exceeding $1.9 Billion] On-chain analysis shows that as the price of ETH fell below $3,500, the ETH treasuries of BitMNR and SharpLink experienced significant unrealized losses. BitMNR holds 3.3954 million ETH, valued at $11.88 billion, with an average cost of $4,037 per ETH, currently facing an unrealized loss of $1.82 billion. SharpLink holds 860,300 ETH, valued at $3.01 billion, with an average cost of $3,609 per ETH, currently facing an unrealized loss of $93.77 million. Combined, the two entities are facing unrealized losses exceeding $1.9 billion.

[OKX CEO Star: The Future of Web3 Lies in Pragmatic Development] OKX founder and CEO Star posted on the X platform, stating that after the bubble fades, technology, products, and user trust will become key. Star believes that the future of Web3 does not lie in the noise but in pragmatic development.