A Whale Liquidated over 381,000 HYPE Tokens, Profiting $4.16 Million

On October 21st, as monitored by @emmettgallic, within the past 4 hours, an entity has withdrawn 2.1 million SOL from Coinbase (approximately $400 million).

On October 21st, based on on-chain data, as Bitcoin surged to the range of $112,000, the "1011 Insider Whale" Bitcoin short position is now encountering an unrealized loss of $2.7 million.

On October 21st, as reported by the Financial Times, on Tuesday, the price of gold experienced a significant plunge of 6%, marking the largest single-day decline since April 2013. The ongoing historic rally in the price of gold came to a temporary halt as the Indian Diwali festival gold buying season came to an end. After hitting a high of $4,381 per ounce on Monday, the price of gold dropped sharply to $4,082 on Tuesday. The market generally regarded this as a delayed correction. In recent weeks, the historic rally this year has been accelerating, with a 25% increase just in the past two months. Nicky Shiels, the Metal Strategy Director at MKS PAMP SA, stated, "The market is showing signs of a bubble. The main catalyst is the extreme overbought conditions. This rally is reaching its peak. The $1,000 increase in six weeks indicates that the price of gold is overly inflated, and we are currently at an irrational high." Analysts pointed out that the recent rebound of the US dollar and

On October 21st, based on HTX market data, Bitcoin saw a rebound and surpassed $112,000. It is now trading at $112,080, with a 24-hour change of 0.69%.

On October 21st, Arthur Hayes, a co-founder of BitMEX, posted on social media, indicating that HYPE is at risk of valuation multiple compression. The annual revenue has almost reached its historical high, but the token price is significantly lower. In the increasingly competitive environment of decentralized perpetual contract exchanges (Perp DEX), speculators are reluctant to pay a high premium for uncertain future revenue.

On October 21st, according to HTX market data, Bitcoin rebounded and went above $111,000. It is currently trading at $111,006, and the 24-hour decline has narrowed to 0.17%.