BTC falls below the $109000 mark

The prices of Bitcoin, Ethereum, and Dogecoin have dropped significantly, resulting in a total settlement of over $1.1 billion in the cryptocurrency market. The data shows that the market has experienced severe fluctuations in the past 24 hours, with a significant increase in clearing volume, with Bitcoin and Ethereum accounting for the majority of the market share. The market sentiment has turned pessimistic, and investors need to be alert to further risks. （Decrypt）

[Whale '1011 Insider Whale' Opens 150 BTC and 5,000 ETH Long Positions] '1011 Insider Whale' (holding over $10 billion, Garret) withdrew funds from Binance on November 4 and deposited $20 million USDC into Hyperliquid. Through two large market orders, they established long positions, including 150 Bitcoin (approximately $15.8 million) and 5,000 Ethereum (approximately $17.9 million).

According to AiCoin's real-time on chain monitoring, at 00:09 today (UTC+8), the "Insider Whale" opened multiple ETH positions, with a total of 5000 ETH and a value of $17.88 million. As of press time, the value of its ETH long position is $17.97 million, with a floating profit of $100000. Whale address: 0xb31d2bc2d2d2df5fa441bae0ab9d8b07283ae

According to AiCoin's real-time on chain monitoring, at 00:08 (UTC+8) today, "Insider Whale" opened multiple BTC positions, with a total of 150 BTC and a value of $157.9 million. As of press time, the value of its BTC long position is $158.5 million, with a floating profit of $60000. Whale address: 0xb31d2bc2d2d2df5fa441bae0ab9d8b07283ae

Adam Back stated that the decline in Bitcoin prices provides an opportunity for funds to shift from weaker investors to stronger ones, emphasizing the changes in asset allocation amidst market volatility. （Bitcoin Archive）