[Trader Eugene Opens ETH Long Position at BTC Low Point, Predicts Short Squeeze] Crypto trader Eugene stated that he has established an ETH long position near BTC's low point on October 11, calling it the 'last line of defense' for the bulls. He noted that market sentiment is excessively bearish, with 'bearish' voices dominating chat rooms and social platforms. He predicts a potential short squeeze in the near future.

The current price of BTC is $104033.76, with a decrease of 3.46% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 605 million US dollars, with multiple main liquidation orders and BTC liquidation of 188 million US dollars (31.08%). The data is for reference only.

[SuiLend Suspends Elixir Market Functions and Requests Loan Repayment] Sui ecosystem lending protocol SuiLend stated that it is monitoring the $93 million loss issue of Stream Finance, with Elixir's deUSD exposure being the largest. Elixir lent $68 million USDC to Stream, accounting for 65% of deUSD's total reserves. SuiLend has suspended deposit and withdrawal functions for the Elixir market on its platform and has contacted the Elixir team to request loan repayment. Other lending markets on SuiLend remain unaffected and continue to be secure.

In the past 24 hours, there has been a $1.35 billion settlement in the Bitcoin and cryptocurrency markets, as the price of Bitcoin fell below $103000, approaching the historical top ten settlement scale. （Bitcoin Archive）

OKX-BTC/USDT is currently trading at $103002, with a 5-minute drop of 0.49%. Please pay attention to market fluctuations.