NewsFeeds: Bitcoin
Bitcoin news as it breaks: BTC price moves, ETF flows, treasury buying and network updates, rewritten by AI in our own words, credited and linked.
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Wed 4 Nov
James Wynn opens 40x short on 1.256 BTC five days after liquidation
Lookonchain reported that James Wynn (@JamesWynnReal) opened a 40x leveraged short on 1.256 BTC worth about $96,000, with a liquidation price of $78,227.92, five days after being liquidated.
IOSG questions whether Bitcoin's election effect will repeat this cycle
Since 1950, the S&P 500 has been higher a year after all 19 US midterm elections, and Bitcoin has also risen a year after each of its three completed cycles. IOSG said historical averages should not be applied directly this time, with US stocks near record highs before the vote and Bitcoin still recovering.
Markus Thielen says Bitcoin may reach $90,000 by year-end after a dip
10x Research founder Markus Thielen says Bitcoin's run of double-digit gains is over, with Wall Street traders and profit-taking whales reshaping the market. He still expects Bitcoin to reach $90,000 by year-end, possibly after falling to $77,000-$79,000 first.
Bitcoin drops below $77,000, down 0.19% in 24 hours
Bitcoin fell below $77,000 and was trading at $76,999.9, a 24-hour decline of 0.19%, on OKX market data.
CryptoQuant data shows Bitcoin's 63% median gain after US midterms
CryptoQuant data cited by Cointelegraph shows Bitcoin's average median return was 63% in the 12 months after each US midterm since 2010, including 36.8% in 2014, 45.8% in 2018 and 80.8% in 2022. CryptoQuant says the pattern may track the halving cycle, and 2026 looks different.
Tue 3 Nov
Block's third-quarter gross profit rises 22% year on year to $3.24bn
Block's third-quarter gross profit was $3.24bn, up 22% year on year, with Cash App at $2.07bn and Square at $1.16bn. Bitcoin-related revenue was $1.8bn with gross profit of $52m, down 50% year on year, and Block raised its full-year 2026 gross profit guidance to $12.6bn.
Bitcoin tops $78,000, up 1.31% in 24 hours
OKX data shows Bitcoin breaking above $78,000 to trade at $78,006.3, a 24-hour gain of 1.31%.
Bitcoin breaks above $78,000, up 0.40% intraday
OKX market data shows Bitcoin breaking above $78,000 to trade at $78,006.30, up 0.40% intraday.
Santiment says US midterm election fears are weighing on crypto sentiment
Santiment said political uncertainty around the US midterm election is fuelling bearish crypto expectations, with traders seeing continued Republican control of Congress as better for crypto regulation. With Bitcoin around $77,500, the firm said a rebound could gain traction if support holds at $76,500-$77,000 and strengthen above $79,000.
Tobias Robinson says leveraged traders were Binance hack's biggest market victims
DayTrading.com CEO Tobias Robinson said high-leverage traders suffered most after the hack, as Bitcoin fell 5% within hours and triggered $1.68bn in liquidations, including $1.43bn in longs, with $600m wiped out in one hour.
Mercado Bitcoin says $12.9m of affected assets frozen as platform stays offline
Mercado Bitcoin said affected assets are currently worth about $36.3m, of which $12.9m has been frozen, and that work continues. The exchange's platform and app remain suspended until safety is confirmed, and it says customer assets are safeguarded and balances remain in their accounts.
Crypto liquidations hit $396m in 24 hours, led by long positions
CoinGlass data show $396m of crypto positions were liquidated across the market in 24 hours, with longs accounting for $322m, or 81.3%. Bitcoin liquidations were about $107m and ether about $59.9m, and the largest single liquidation was a $8.78m BTCUSDT position on Binance.
Trader Killa says Bitcoin may chop for months before next rally
Trader Killa says Bitcoin could stay range-bound for several months, arguing that if a bottom has formed the cycle would advance faster. He says the period before the next rally may suit short-term traders.
Strategy pays first daily dividend on STRC preferred stock
Strategy (MSTR) has made the first daily dividend payment on its STRC preferred stock, BitcoinTreasuries says.
Previous related news
- Strategy shareholders approve daily dividend proposal with 99.3% of votes
- Strategy's Phong Le says STRC preferred stock to pay daily dividends after approval
- Strategy says STRC November dividend to stay at 12% annualised, paid daily
BlackRock sends 7,244 BTC and 63,600 ETH to Coinbase Prime
Onchain Lens tracked BlackRock moving 7,244 BTC, about $559m, and 63,600 ETH, about $144m, to Coinbase Prime in the past hour, a combined $702m.
Previous related news
- Ethereum spot ETFs extend outflow streak to six days with $140m out
- US spot Ethereum ETFs take in $3.2m, ending five-day outflow run
- BlackRock ETH outflows reach 580,145 ETH over past month, Lookonchain says
Martin Lee says Bitcoin's long-term trend looks favourable despite near-term risk
Bitcoin is trading at about $76,990, 5.2% above its 200-day moving average of about $73,169, unlike the three previous US midterm election years. DWF Labs research head Martin Lee said history favours Bitcoin over 12 months but warned of short-term volatility.
AguilaTrades shorts 93.67 BTC at 40x leverage after $38m losses
Lookonchain reports that AguilaTrades (@AguilaTrades) opened a 40x leveraged short on 93.67 BTC worth $7.19m, with a liquidation price of $77,435.21, after losses above $38m and repeated liquidations.
Tether says it has added 50,000 Bitcoin, taking holdings to 150,000
Tether CEO Paolo Ardoino said the company has bought another 50,000 Bitcoin, bringing its total holdings to 150,000. Bitcoin Treasuries said the move takes private companies' combined Bitcoin holdings above 200,000.
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