HLP Treasury Earns Over $41 Million in 24 Hours

On October 11th, a researcher from DeFiance Capital named Kyle posted on social media, stating that in view of the current market sentiment, the last time such a situation occurred was during the FTX or Celsius collapse. This recent sharp decline is basically a "event at the end of a cycle," yet this time BTC and ETH surprisingly showed great strength. The evolution of the crypto industry is truly astonishing, but altcoins are clearly repeating the same tragic fate—even though I have repeatedly issued warnings in the past few months, I never imagined it would be this brutal. In any case, currently is not the "best" time to buy the dip, but it is undoubtedly the "should" time to buy the dip. Extreme panic has already been released, and the market is in the process of building a bottom, although there may still be room for further decline. Looking ahead, we are definitely closer to the bottom than to the top. Asset selection is of great importance at the moment, as many projects may nev

October 11th: The crypto market witnessed intense volatility in the early hours of this morning. The prices witnessed a seismic event that was reminiscent of the "3·12" and "5·19" levels. In this extremely volatile market environment, Websea's contract insurance demonstrated strong risk protection capabilities. According to official data, as of the time of this writing, the platform has generated more than 10,000 contract insurance nodes, with coverage exceeding one million US dollars. It has provided risk protection to more than 3,500 users and successfully fulfilled its "principal protection" commitment, showcasing Websea's robust strength in risk control and user protection. Websea's contract insurance is the world's first digital asset risk protection tool. Users only need to pay a 10 USDT premium to generate an insurance node, triggering a staged claims mechanism. It reshapes transaction risk management standards through innovative financial technology means. Websea is committed

On October 11th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight), the sub-address (0x926) of the [BTC OG Whale] closed its short positions in BTC, SOL, and ETH for profit 5 hours ago. Meanwhile, in the past 3 hours, it established new short positions for BTC and SOL at $184 and gradually increased its position. It currently holds approximately 84 BTC and 64,000 SOL, with a total position value of about $21.78 million, realizing a profit of $9 million today. According to the monitoring, influenced by the extreme market conditions last night, the main address 0xb31 of the [BTC OG Whale] gradually liquidated its BTC short position for profit 6 hours ago and gained more than $91 million. It still holds a short position of 821 BTC, with a total position worth about $92.15 million.

On October 11th, the CEO of OKX, Star, posted on social media, indicating that during today's market volatility, OKX's global risk management system is operating smoothly. The platform is operating smoothly in all regions, and all system metrics are at normal levels.

On October 11th, as monitored by Farside Investors, the net outflow from the U.S. Bitcoin spot ETF yesterday was $4.5 million. This included: - BlackRock IBIT: +$74.20 million - Fidelity FBTC: -$10.20 million - Bitwise BITB: -$37.40 million - ARK ARKB: -$6.20 million - Grayscale GBTC: -$19.20 million - Grayscale BTC Mini: -$5.70 million

On October 11th, according to the monitoring of Farside Investors, yesterday the US Ethereum spot ETF witnessed a net outflow of $174.9 million. The details are as follows: BlackRock ETHA: -$80.2 million Fidelity FETH: -$30.1 million Bitwise ETHW: -$21.6 million Grayscale ETHE: -$30.6 million Grayscale Ethereum Trust: -$12.4 million.