[Ethereum Co-founder Vitalik Calls for Privacy Protection on Public Chains] Ethereum co-founder Vitalik Buterin reposted a tweet from privacy protocol Hinkal on X, calling for maintaining privacy on public chains. Hinkal stated that its wallet is now open to all users, capable of hiding wallet assets, operations, and interaction information with dApps, aiming to help users use crypto assets more securely.

The recent significant drop in Bitcoin prices has led to a state of extreme panic in the cryptocurrency market. According to the market sentiment index, investor confidence has significantly decreased and panic has intensified. Previously, the price of Bitcoin had hit important support levels during fluctuations, but failed to maintain stability, further exacerbating market concerns. （Decrypt）

A surging U.S. dollar and expectations of slower Fed rate cuts fueled a broad crypto sell-off, sending bitcoin and ether to multi-month lows.

[Peter Brandt Predicts Bitcoin May Bottom Out at $60,000] On November 4, trader Peter Brandt predicted, based on the power-law model chart from JDK Analysis, that Bitcoin might bottom out at $60,000. Cointelegraph's analysis shows that the BTC weekly chart confirms a descending wedge pattern, with the price losing support at the $114,550 trendline. Bulls are striving to keep the price above the 50-week Simple Moving Average (SMA), which is currently at $103,300. Key support levels include the psychological threshold of $100,000 and the 100-week moving average at $82,000. If the weekly closing price falls below this range, Bitcoin may drop toward the wedge target price of $72,000, representing a 30% decline from the current price.

[Whale That Previously Profited $23.31 Million from Shorting Turns to Accumulating ETH] Crypto analyst Yu Jin's monitoring shows that a whale or institution, which previously borrowed and sold short 66,000 ETH and profited approximately $23.31 million, has recently completed a suspected shift from short to long positions. About 1.5 hours ago, the address transferred $91.2 million USDC to Binance and withdrew 110,000 ETH (approximately $386 million) from Binance. Combined with the previously repaid 64,000 ETH short position, the address has withdrawn approximately 174,100 ETH (approximately $621 million) from Binance in the past 24 hours, indicating that the position has fully shifted to spot or long configurations.