Bitcoin continues to rally, surpassing $30,000, but there are concerns as short positions pile up. Crypto analyst Ali Martinez notes that about 60% of Binance accounts holding open BTC futures positions are taking short positions.

Bitcoin Lightning Network, a solution designed to speed up transactions on the Bitcoin blockchain, has been found to have a major vulnerability. The flaw, known as "replacement cycling attacks," could allow attackers to disrupt the normal flow of transactions and potentially cause loss of funds within the network's channels.

Bitcoin (BTC) has been boosted by bullish signals from traditional rate-sensitive assets like gold, with the cryptocurrency reaching its highest value since July 15 at $30,797 during Monday's Asian trading hours. While gold has seen a 6.7% gain in the past month, BTC has risen by 14%.

Javier Milei, a pro-Bitcoin presidential candidate in Argentina, did not win the first round of the election and will now compete in a run-off vote on November 19th. With over 90% of the vote counted, economy minister Sergio Massa was in the lead with over 36% support, while Milei trailed at just over 30%.

Data shows that in the past 4 hours, the total liquidation on the entire network was $44.725 million, with long positions liquidated at $4.364 million and short positions liquidated at $40.3633 million. BTC liquidation was $11.2242 million and ETH liquidation was $14.1435 million.

According to Coinglass data, the total liquidation in the past hour was 29.2659 million US dollars, with ETH liquidation of 9.9327 million US dollars and BTC liquidation of 9.2296 million US dollars. Short positions liquidation was 27.6788 million US dollars, accounting for about 94.5%.

October 23rd, the BitVol (Bitcoin volatility) index launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX rose to 51.08, with a daily increase of 6.57%. BlockBeats note: The BitVol index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price.

yuga.eth, a senior software engineer at Coinbase, posted on X platform that he believes one of the most important things that needs to be addressed in cryptocurrency is a fundamental way to connect Bitcoin and Ethereum, beyond custodial BTC like wBTC. The joint BIP/EIP has opened up a way for BTC to be bridged internally/externally in Ethereum.

According to BTC.com data, the current number of unconfirmed transactions on the Bitcoin network is 12,369, the network's computing power is 437.68 EH/s, and the 24-hour transaction rate is 2.95 transactions/s. The current network difficulty is 61.03 T, and the next difficulty adjustment is predicted to increase by 1.82% to 62.14T, which is 7 days away.

MicroStrategy purchased approximately 54,450 bitcoins for around $147.3 million between August 1, 2023 and September 24, 2023. As per the company's purchase documents, as of September 24, 2023, MicroStrategy holds approximately 158,245 bitcoins with a total purchase price of around $4.68 billion. In the midst of a volatile market, the profitability of MicroStrategy's bitcoin holdings has improved. With an average total purchase price of $29,582 per bitcoin, the company has currently realized a total profit of around $67.4 million with bitcoin trading at $30,000.