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BTC did not disappoint expectations. Around 6 AM this morning, the price once again broke through $70,000, briefly exceeding $71,000, with a 24-hour increase of over 4%, currently hovering around $71,000.
Bitcoin is poised for a potential increase in value as the U.S. elections on November 5 approach; however, analysts caution that a sell-off could follow.The largest digital asset by market capitalization is now trading just below the $69,000 mark, with just over one week to go before the U.S. presidential election on November 5.
Ethereum’s infrastructure limitations are leading users, applications, and capital to migrate to Layer 2 solutions and competing blockchains like Solana, an analyst said.Another analyst noted that liquidity fragmentation across Ethereum’s Layer 2 networks poses a risk to market efficiency.
- 03:00Author of "Rich Dad Poor Dad": Moody's Downgrade May Trigger Economic Crisis, Suggests Allocating Assets Like BitcoinOdaily Planet Daily News: Robert Kiyosaki posted on the X platform stating that Moody's downgrade of the US debt rating indicates a potential recession in the US economy, with interest rates possibly rising, leading to an increase in unemployment rates. Markets such as bonds, real estate, and banks face risks, and there might even be a repeat of the 1929 Great Depression. He suggests people become entrepreneurs, invest in real estate that generates cash flow, and hold assets like gold, silver, and Bitcoin. He believes that economic crises also contain opportunities, making it easier to start businesses and purchase assets at low prices.
- 02:36Data: Hyperliquid Platform Whale Current Holdings at $4.803 Billion, Long-Short Ratio at 1.01According to ChainCatcher, Coinglass data shows that the current holdings of whales on the Hyperliquid platform amount to $4.803 billion, with long positions at $2.418 billion, accounting for 50.35% of the holdings, and short positions at $2.385 billion, accounting for 49.65%. The profit and loss for long positions is $171 million, while for short positions it is -$116 million. Among them, the whale address 0x5078..b6 has gone long on BTC with 40x leverage at a price of $103,302.2, currently with an unrealized profit of $17.2946 million.
- 02:36Data: $302 million liquidated across the network in the past 24 hours, with $171 million in long positions and $131 million in short positions liquidatedAccording to ChainCatcher, Coinglass data shows that in the past 24 hours, the total liquidation across the network was $302 million, with long positions liquidated at $171 million and short positions at $131 million. Among them, Bitcoin long positions were liquidated at $46.2997 million, Bitcoin short positions at $41.1773 million, Ethereum long positions at $46.716 million, and Ethereum short positions at $52.4455 million.