ETH breaks through the $3500 mark

OKX-BTC/USDT is currently trading at $98975.50, with a 5-minute drop of 0.79%. Please be aware of market fluctuations.

OKX-ETH/USDT is currently trading at $3102.18, with a 5-minute drop of 1.33%. Please be aware of market fluctuations.

An early Bitcoin investor lost $3.28 million on long positions in BTC and ETH, and specific trading details have not yet been disclosed. （Cointelegraph）

[Machi Big Brother Opens 988 ETH Long Position, Liquidation Price $3,120] At approximately 2:17 AM (UTC+8) on November 5, Machi Big Brother (@machibigbrother) deposited $250,000 into his account and opened a 25x leveraged long position of 988 ETH, with a total notional value of approximately $3.18 million. According to Hyperliquid data, the current unrealized loss is $93,000 (-73.09%), and the liquidation price is $3,120.02.

[Perp DEX Trading Volume Reaches Record High of $1.2 Trillion in October 2025] In October 2025, the total trading volume of decentralized perpetual contract exchanges (perp DEX) reached $1.2 trillion, setting a new historical record and nearly doubling compared to the previous month. Lighter ranked first with approximately 27% market share, while Hyperliquid's market share dropped from 33% to 10%. The surge in trading volume was primarily driven by platform incentive mechanisms and the wave of liquidations triggered by extreme market volatility on October 10, prompting traders to accelerate trading frequency to offset losses.