🍿 #FTT FTX has withdrawn its petition to create a procedure to assess regulatory concerns in several jurisdictions including China, Russia and Ukraine. theblock.co
🔍🐳 Whale Transactions:
1. Owen Gunden transferred another 1,289 #BTC ($138.2 million) to Kraken;
2. Machi Big Brother with the remaining $16,771 has reopened a 25x long on #ETH. Liquidation price: $3546.43;
3. 7 Siblings spent $52.47 million to buy 14,254 ETH at $3681;
4. hacker Balancer exchanges stolen funds for #ETH.
1. Owen Gunden transferred another 1,289 #BTC ($138.2 million) to Kraken;
2. Machi Big Brother with the remaining $16,771 has reopened a 25x long on #ETH. Liquidation price: $3546.43;
3. 7 Siblings spent $52.47 million to buy 14,254 ETH at $3681;
4. hacker Balancer exchanges stolen funds for #ETH.
🤔 #BTC Ilon Musk: Nick Szabo is probably more responsible for the ideas behind BTC than anyone else.
📊 CEO CQ: the Korean stock index (KOSPI) hit an all-time high, trading volume on Korean cryptocurrency exchanges hit a one-year low.
I agree that the current president is actively stimulating the Korean stock market to divert attention away from speculation in the real estate sector. Plus, he could be arrested on numerous charges, so he is trying his best to be popular.
I agree that the current president is actively stimulating the Korean stock market to divert attention away from speculation in the real estate sector. Plus, he could be arrested on numerous charges, so he is trying his best to be popular.
📊👀 #BTC Local Stress Index (LSI):
Over the past week, Bitcoin experienced two elevated stress waves:
1. Oct 28–30: LSI hit 74–75% amid price drop ($113K → $106K), high volatility, aggressive selling (ASR >0.52).
2. Brief relief (Oct 31–Nov 1): LSI fell to 30–40%, price rebounded to $110K—short-lived.
3. Ongoing wave (Nov 2–present): LSI at 67–73%, bearish signals (below 6h SMA, RV z-score >5, ASR >0.51). As of November 4: LSI 58.6% (elevated), price ~$104K.
Market shows weakness: rising leverage, negative liquidity, sustained sell pressure.
Over the past week, Bitcoin experienced two elevated stress waves:
1. Oct 28–30: LSI hit 74–75% amid price drop ($113K → $106K), high volatility, aggressive selling (ASR >0.52).
2. Brief relief (Oct 31–Nov 1): LSI fell to 30–40%, price rebounded to $110K—short-lived.
3. Ongoing wave (Nov 2–present): LSI at 67–73%, bearish signals (below 6h SMA, RV z-score >5, ASR >0.51). As of November 4: LSI 58.6% (elevated), price ~$104K.
Market shows weakness: rising leverage, negative liquidity, sustained sell pressure.
📊 #BTC CQ: Bitcoin reserves on exchanges rose for the first time in 6 weeks, which often precedes profit taking or risk reduction.
At the same time, miner reserves fell to their lowest level since mid-2025, suggesting that miners are forced to sell BTC to cover operating costs as energy subsidies and tax breaks remain suspended during the US Government shutdown.
Meanwhile, transactions to withdraw stablecoins from exchanges have soared to record highs, signaling a shift from risky assets to safety.
Together, these three metrics - exchange reserves, miner reserves and stackcoin withdrawals - form a consistent picture: capital is moving away from risk and onchain liquidity is shrinking.
At the same time, miner reserves fell to their lowest level since mid-2025, suggesting that miners are forced to sell BTC to cover operating costs as energy subsidies and tax breaks remain suspended during the US Government shutdown.
Meanwhile, transactions to withdraw stablecoins from exchanges have soared to record highs, signaling a shift from risky assets to safety.
Together, these three metrics - exchange reserves, miner reserves and stackcoin withdrawals - form a consistent picture: capital is moving away from risk and onchain liquidity is shrinking.
📊 #BTC Ecoinometrics: Days like this are a reminder that Bitcoin still trades as a high-beta Nasdaq 100 play most of the time.
When the Nasdaq drops more than 1.5% in a day,
— Bitcoin has a 75% chance of posting a negative return.
— On average, Bitcoin falls –2.4%.
So it’s no surprise that with the Nasdaq 100 selling off, Bitcoin is taking a hit too.
When the Nasdaq drops more than 1.5% in a day,
— Bitcoin has a 75% chance of posting a negative return.
— On average, Bitcoin falls –2.4%.
So it’s no surprise that with the Nasdaq 100 selling off, Bitcoin is taking a hit too.