10,000 BTC transfer is organized by Binance’s internal wallet
Arkham data shows that at 17:06:08 today Beijing time, 10,000 BTC were transferred from Binance's cold wallet to its hot wallet.
Bitcoin ETF excitement returns as BTC price nears $37K
BTC price hits new 18-month highs as Bitcoin market participants appear to get caught off-guard by the strength of a fresh rally.
More than $1.179 billion in BTC and $400 million in ETH options contracts set to expire on Friday
According to Deribit data, nominal value of more than $1.179 billion BTC options contracts and more than $400 million ETH options contracts will expire and be settled on Friday (November 10th). The maximum pain point price for BTC is $34,000; the maximum pain point price for ETH is $1,700.
Bitcoin network transaction fees temporarily rise to 147 sats/byte
MCT data shows that the regular transaction fee of the Bitcoin network has temporarily risen to 147 sats/byte.
Yesterday’s Bitcoin NFT transaction volume approached US$16 million, hitting the second-highest level in history
According to Dune data, on November 9th, the Bitcoin NFT transaction volume approached $16 million, reaching the second highest historical level. As of the time of writing, the historical transaction volume of Bitcoin NFT has reached $397,806,069.
In the past 1 hour, the entire network liquidated 45.6279 million US dollars, and short orders accounted for 98.35% of liquidated positions.
According to Coinglass data, there were liquidations of $45.6279 million in the past hour, including $4.5138 million in ETH and $36.3754 million in BTC. Short positions accounted for $44.8794 million of the liquidations, or 98.35%, while long positions accounted for $0.7485 million.
Yesterday, the transaction fee of the entire Bitcoin network exceeded 118 BTC, an increase of more than 5 times compared with a week ago.
According to BTC.com data, on November 9th, the total network transaction fee for Bitcoin reached 118.07 BTC, continuing the growth trend since October 29th. Compared with the single-day total network transaction fee of 21.47 BTC on November 1st, it has increased by more than 5 times in one week.
A certain whale transferred another 1,000 BTC within two days, and its holdings reached US$484 million.
On November 9th, according to data from BitInfoCharts, a Bitcoin whale address starting with bc1qvh transferred another 1000 BTC within two days, holding a total of 13598 BTC (approximately $484 million).
Previously reported by Golden Finance, this whale address has accumulated over 13,000 BTC since January 17th of this year, with a paper profit of approximately $100 million.
Bitcoin Magazine CEO: 16,000 BTC left Binance in the past 24 hours
David Bailey, CEO of Bitcoin Magazine, posted on X that in the past 24 hours, 16,000 bitcoins (worth about $572 million) have left Binance and are still increasing.
BTC breaks through $36,000
The market showed BTC breaking through $36,000, now reporting at $36,033 with a daily increase of 1.73%. The market is volatile, please take risk control measures.
Bitcoin fees surge nearly 10x since August
As NFTs related to Bitcoin (called Ordinals) are on the rise, Bitcoin transaction fees have soared to their highest level since the Meme coin frenzy in May last year. BitInfoCharts data shows that the average transaction fee for using the Bitcoin blockchain today is $6.84, up about 970% from the low point of $0.64 reached in August.
In a report on Wednesday, digital asset management company 21Shares pointed out that this surge is driven by an increase in the number of Ordinals being minted, with nearly 1.9 million Ordinals uploaded to the blockchain in the past two weeks.
Bitcoin’s 24-hour NFT sales surpass Ethereum for the first time
Ordinals Wallet posted on X platform stating that Bitcoin's 24-hour NFT sales volume has surpassed Ethereum's for the first time in history.
Greeks.live: Short-term IV and RV decline, BTC may have a direction choice in the near future
Greeks.live has published an analysis on the X platform, stating that as the rise of BTC slows down, short-term IV and RV are both decreasing. However, the volatility risk premium (VRP) of all major terms is still high, mostly exceeding 15%. VRP measures the current market's expectation of volatility, indicating that the market believes that future volatility may increase. The BTC price is currently at the end of its uptrend, and may choose a direction in the near future.
Investment advisor Two Prime expects demand for Bitcoin loans to hit $2 billion
Alexander Blume, the managing partner of investment advisor Two Prime, stated that since September, we have seen a demand of about $2 billion for Bitcoin collateralized loans. So far, about 85% of the loans issued by Two Prime are collateralized by Bitcoin, while the rest are collateralized by Ethereum and other cryptocurrencies.
BitVM Developers: BitVM just broadcast the first mainnet transaction of Blake3 hash lock implemented in Bitcoin Script
ZeroSync project leader and BitVM developer Robin Linus posted on social media that we have just broadcasted the first mainnet transaction of Blake3 hash lock implemented in Bitcoin Script.
Prior to this news, Robin Linus previously published a white paper titled "BitVM: Compute Anything On Bitcoin". BitVM is an abbreviation for "Bitcoin Virtual Machine", which proposes a Bitcoin contract solution that can achieve Turing completeness without changing the consensus of the Bitcoin network.
Bitdeer produced 462 BTC in October and managed a total computing power of 21.2 EH/s.
Wu Jihan's mining company Bitdeer announced an update on its operations for October 2023. As of October 31st, the company's total managed hash rate (including self-mining, cloud mining, and hosting) reached 21.2 EH/s, with 462 BTC mined (only through self-mining). Among them, the Gedu data center in Bhutan provided 3.3 EH/s of hash rate and mined 211 BTC, accounting for 46% of the total BTC mined that month. The total power capacity of the six mining data centers remained stable, totaling 895 MW.
In addition, the company has made progress in the 175 MW immersion cooling data center in Norway, which is expected to be completed in 2025.
Bitcoin Spikes Nearly 3% in Short Squeeze, Widening Crypto Rally Lifts Market Cap to $1.3T
Bitcoin experienced a nearly 3% spike to $35,500 due to a short squeeze, while solana led the gains in altcoins. The cryptocurrency market cap reached its highest level since May 2022, totaling $1.3 trillion. K33 analyst recommends aggressively accumulating bitcoin in November. Altcoins such as Solana, Toncoin, and Crypto.com's Cronos ecosystem token gained 5%-10%, while Binance's BNB, Ripple's XRP, Cardano's ADA, and Dogecoin (DOGE) retreated 3%-4%. The CoinDesk Market Index (CMI) increased by 1%. The total cryptocurrency market capitalization reached $1.31 trillion, supported by increasing risk-on sentiment on traditional markets. K33 Research noted that capital rotation into altcoins is creating a "mini altcoin season," while accelerating inflows into bitcoin-related funds provide support for BTC's price.
BTC breaks through $35,500
The market shows BTC breaking through $35,500, currently trading at $35,508.2, with an intraday increase of 1.55%. The market is volatile, please be cautious of risk control.
3,654 BTC transferred from unknown wallet to Bitfinex
Whale Alert monitoring shows that at 22:53:04 today Beijing time, 3,654 BTC ($127,273,022) was transferred from an unknown wallet to Bitfinex.
BitDeer mined 211 Bitcoins at Gedu data center in October
On November 7th, Bitdeer publicly released its unaudited mining and operational updates for October 2023 on its official website.
In October, Gedu data center provided 3.3EH/s of computing power and mined 211 bitcoins, accounting for about 46% of the total bitcoins mined in that month. The number of bitcoins mined in October 2023 increased by 173.4% compared to the same period last year. The number of bitcoins mined in October 2023 decreased by 4.1% compared to September 2023, mainly due to the increase in the total computing power of the Bitcoin network. The company generally does not hold cryptocurrencies obtained through its mining business and promptly converts them into fiat currency.
