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Quick Take Summary is AI generated, newsroom reviewed. A massive Bitcoin whale opened $900M in short positions on BTC and ETH. The whale holds over $11B in assets, signaling significant market influence. Analysts are divided — some call it a hedge, others see it as a bearish bet. The move could trigger volatility across BTC and ETH market trends.References 🚨NEW: A massive $11 BILLION Bitcoin whale just opened $900M in short positions on $BTC and $ETH.
Quick Take Summary is AI generated, newsroom reviewed. Ethereum ETFs hit a $429M outflow, led by BlackRock's ETHA with a nearly $310M withdrawal. Bitcoin ETFs had a $327M outflow, but BlackRock's IBIT was the sole fund to record a net inflow. The outflows reflect a period of profit-taking and caution amid macro uncertainty. High trading volume and IBIT's performance suggest strategic repositioning over a complete market exit.References On October 13, Ethereum spot ETFs recorded a total net outflow of $429
Quick Take Summary is AI generated, newsroom reviewed. BlackRock clients sold $303.82 million in Ethereum, signaling significant institutional profit-taking or reallocation. The sell-off occurred despite Ethereum ETFs recording $3.38 billion in trading volume in 24 hours. Institutional investors currently favor Bitcoin, which saw much stronger inflows than Ethereum products last week. BlackRock's iShares Ethereum Trust (ETHA) maintains market dominance, leading all ETH ETFs by total value.References JUST I
Market sentiment reversed sharply, with global stock markets collectively declining on Tuesday. Gold, silver, and copper retreated, and cryptocurrencies experienced a widespread drop.
The mysterious trader "whale" acted swiftly and decisively. After depositing $40 million in principal on Monday, this address used 10x leverage to establish a bitcoin short position with a notional value of approximately $340 millions.
- 19:33Data: The "10.11" crash event triggers widespread liquidation pressureForesight News reported that glassnode tweeted that last Friday, the open interest of the top 100 assets saw a significant decline, with liquidations occurring across a wide range.
- 19:32Lighter: Compensation for traders affected by today's crash event and LLP holders has been distributed.Foresight News reported that the derivatives protocol Lighter posted on Twitter, stating that compensation for traders affected by the system failure during the crash event, as well as a smaller batch of compensation for LLP holders during the market crash, will be distributed today and is expected to arrive by 4 PM EST. More details will be announced at that time.
- 19:32ZachXBT: Some of the 127,000 BTC controlled by the US government may originate from addresses with private key vulnerabilitiesForesight News reported that on-chain investigator ZachXBT posted on X, pointing out that the wallet addresses corresponding to approximately 127,000 bitcoins (about $14 billion) confiscated by the U.S. government today had already been flagged for private key vulnerability risks in a security research report (Milky Sad Report) two years ago. ZachXBT noted that these addresses are now claimed by the U.S. government to be "under their control and custody," raising concerns about how they were obtained.