An address switched its ETH position from short to long, accumulating a profit of $138 million.

Address 0xfc66…7ca06 reduced its short positions by 180.8 BTC, estimated at approximately $14.1 million based on the snapshot reference price, and currently still holds 3.15 BTC short positions. This contract account has accumulated profits of approximately $31.86 million, closing approximately $6.47 million worth of BTC short positions within the window, and opening approximately $260,000 worth of BTC short positions.

A survey by the European Central Bank shows that respondents have raised their inflation expectations for 2026 and 2027.

CryptoQuant founder Ki Young Ju stated that the Coinbase premium has hit a four-year low. The last time this level was reached was after the FTX crash in November 2022, when Bitcoin bottomed out; market sentiment has become pessimistic enough to warrant a bullish outlook.

[London Metal Exchange Explores Tokenizing Warehouse Metal Inventory] The London Metal Exchange (LME) is exploring tokenizing its unregistered warehouse metal inventory to support business financing. The LME plans to issue tokens backed by its metal reserves, which could be held in escrow by a third party for lending and other obligations if necessary. The LME is currently in the early stages of this exploration and will consult with stakeholders as it develops its plans. (Source: Bitcoin.com News)

Intel shares plunged over 25% in pre-market trading. The second-largest short seller on the INTC chain added $1.93 million to their short position, bringing their total short position to $7.81 million, with a current unrealized profit of $1.68 million. This whale used 10x leverage, with a liquidation price of $84.33. The initial position was opened on September 4th at $93.08, and they are currently the second-largest short seller of INTC on Hyperliquid.