November 5, 2025 05:20:22 UTC
Crypto Crash Update
The aftermath of the massive October 10 liquidation event is still rippling through the crypto market. Traders and funds that survived the initial crash have likely been quietly exiting positions since then. Many running delta-neutral strategies—holding long spot and long perpetual positions—were hit hard when ADL systems closed their shorts, forcing losses on spot holdings. The weak price action that followed may reflect this ongoing sell-off. While seller exhaustion is near, the market now awaits new buyers to stabilize prices.
November 5, 2025 05:20:22 UTC
Ethereum Whale Activity Surges as Investors Buy the Dip
Ethereum whales are on the move. Richard Heart, founder of HEX and PulseChain, transferred 27,449 ETH through Tornado Cash. Another major holder repaid a 66,000 ETH loan, then withdrew 34,155 ETH ($111.6M) from Binance after depositing USDC—likely to buy the dip. Additionally, a new wallet, reportedly tied to Bitmine, pulled 10,000 ETH ($32.72M) from Kraken, signaling strong accumulation amid recent market turbulence.
