Yesterday the US Ethereum Spot ETF saw a net outflow of $1.749 billion

On October 11th, the on-chain data analyst Murphy stated that based on the current structure of the BTC options market, the upper side is dominated by Call buyers, while the lower side is dominated by Put sellers, forming a typical "long gamma on the downside, short gamma on the upside" structure. The specific price ranges and the size of the net premium are shown in the chart. When the price is in the high concentration area of Call buyers (ranging from $113,000 to $125,000), market makers are in a short Gamma zone. As the price rises, they need to passively purchase spot to hedge, creating a boosting effect on the price; conversely, when the price falls, they need to passively sell, driving the price lower. This range is a "volatility amplification zone." When the price enters this volatility zone, the hedging needs of market makers are the most sensitive, so price changes will trigger stronger passive buying and selling feedback. When the price drops below $106,000, market makers

On October 11th, the decentralized exchange platform Coin-box announced that it will officially launch the "Advanced Season" at 12:00 a.m. on the 12th. This "Advanced Season" serves as a crucial transition phase between the first season and the upcoming second season. During the Advanced Season, Coin-box will distribute point rewards based on users' overall participation. The assessment metrics include effective trading volume, effective user referrals, P&L under fixed fee and revenue-sharing models, slippage amount, net deposit amount, and other multi-dimensional data. The team will flexibly adjust the weights according to market dynamics to ensure the fairness and reasonableness of point distribution. Every dimension is included in the point calculation rules. Furthermore, users demonstrating genuine trading behavior during the Advanced Season will receive additional rewards. Points will be distributed to user accounts every Wednesday during the event period. Coin-box stated that

On October 11th, based on market data, Bitcoin Dominance (BTC.D) has gone back above 60%, with a daily growth of 2.34%. The total cryptocurrency market capitalization is currently reported to be $3.848 trillion, with a 24-hour decrease of 9.1%. There is a blank line. The total market capitalization excluding Bitcoin (TOTAL 2) has dropped from a weekly high of $1.73 trillion to $1.48 trillion, showing a nearly 15% decrease in the past four days. There is a blank line. The market view generally holds that a substantial increase in Bitcoin Dominance suggests that the altcoin season is coming to an end.

On October 11th, according to GMGN data, the Chinese-named Meme token "Hakimie" has exceeded a market capitalization of 87 million US dollars. It is currently trading at 78 million US dollars, with a 24-hour price increase of 160% and a 24-hour trading volume of 63 million US dollars. BlockBeats reminds users that Meme coins often lack practical use cases and experience significant price volatility. Therefore, investment should be approached with caution.

On October 11th, the cryptocurrency analyst @ali_charts shared a market analysis today. He pointed out that we have witnessed the largest-scale liquidation event in the history of cryptocurrencies. This can only be described as a complete flash crash. Approximately $19.3 billion worth of positions were liquidated in a single day, affecting around 1.66 million traders. Many assets witnessed significant intraday declines and then some rebounds. However, the scale of this sell-off has raised serious questions about the position of the market in a broader cycle. By looking into historical data, the most recent similar event occurred at the end of 2021 when Bitcoin was at its peak around $69,200. The flash crash in December 2021 wiped out more than 24% of the market capitalization in a single daily candle. This event was later proved to mark the beginning of the subsequent bear market. Today's Bitcoin daily candle shows a peak-to-trough drop of around 17%, which is strikingly similar in sc