Oh, it's gonna be another of those days, isn't it?
This November 13, according to market info, there was an unusually big transaction in BTC/USDT contracts on Binance, with a volume over 10,000 bitcoins in a short period, hitting a value of 698 million US dollars. (Possibly) the result of a whale liquidating a position. Less than 48 hours ago Binance transferred 21,7K bitcoins between its cold and hot wallets, worth roughly 1.69 BILLION dollars, most likely as preparation to replenish funds to users.
BTC inmediately sinked under the 69K mark, adding another -6.3% to an already bad rally down. CryptoQuant analyst Darkfost posted a message saying that Bitcoin broke some key levels, creating a panic atmosphere among investors; all of this while ETH dumped below 1900. (-5% in a single day).
(Alright, I get it, you don't want game updates, you want to read crypto, crypto, crypto... Well, there's more...)
Another big operator posted a message saying he closed all his leveraged positions at their current level, to temporarily control risk and preserve capital. On the other hand, well-known trader Aoying posted a message saying BTC has entered a bottom-buying zone between 68,000 and 66,000, and he's already bought his full first batch.
For Yu Jin from Aguilatrades it was ceirtanly good day: he made 1.3 million dollars today through short positions in BTC. 500 BTC shorted (that's close to 36 million dollars), and every position closed just hours ago at 69k. Then he placed orders to buy 200 BTC between 61k and 66k.
(No one's actually reading this, right? Don't u find odd that just 10 seconds after posting a blog entry about Binance I've got a tip? Very suspicious, this user must be one of the fastest readers alive on the whole planet).
Anyway, according to Onchain Lens, three Hyperliquid traders hold a total of 19.66 million dollars in short BTC positions, with leverage from 10x to 25x. One of the traders has historical losses of 24.86 million (yeah, when I was newbie I too used to think whales didn't have huge losses).
On top of that, SlowMist received reports of funds theft. They found out that Pennysia's Ethereum Settlement contract was attacked through an arbitrary external call exploit, letting the attacker use the users' remaining token authorization. Now they recommend that anyone who had authorized tokens to that contract revoke such authorization right away.
Meanwhile, the address linked to the Ethereum Foundation sold another 2,000 ETH, worth 3.868 million dollars. That did no good for ETH market price, I assure. (go look for yourself). Since October 26th, this addreess has sold a cumulative 6,785 ETH on-chain, with a total value of 14.45 million dollars; but currently, still holds 21,2 ETH (40-41 million USD).
I think for a quick update that'd be all. If want to support content of the sort (and hopefully, game content too) don't just softly hit the tip buttom below, do it energetically —at 50-50% at least. Also, you could sign up here and get some free pool shares.
