Bitcoin Drops Below $108,000

On October 31, as monitored by lookonchain, it appears that Jump Crypto is converting a substantial amount of SOL to BTC. In the past 15 minutes, Jump Crypto has transferred the already unstaked 1.1 million SOL (approximately $205 million) to Galaxy Digital and received 2,455 BTC (approximately $265 million) in return.

On October 31st, WhiteBIT issued a report indicating that social engineering scams continue to pose the top threat to cryptocurrency users. The report reveals that this year, 40.8% of cryptocurrency security incidents involved scammers deceiving victims by means of fake investment opportunities or impersonation. Technical wallet attacks (such as phishing, malware, or keyloggers) accounted for 33.7%. In addition, messaging platforms, particularly Telegram, were also targeted. Over 10% of scams involved so-called "scrolling scams," in which users are led into fraudulent channels. "Although technology-based attacks are significant, most threats focus on human behavior. This is why proactive defense is of great importance." This proactive defense not only includes using two-factor authentication or relying on secure wallets and exchanges but also involves never sharing sensitive data and carefully verifying URLs to ensure that all interactions occur only on official platforms. This find

On October 30th, based on Coinglass data, within the past 24 hours, a cumulative total of $1.134 billion was liquidated across the entire network. Specifically, there was $974 million in long liquidations and $159 million in short liquidations. During the past 24 hours, a total of 217,724 individuals were liquidated globally, with a combined liquidation amount of $1.134 billion. The largest single liquidation took place on Hyperliquid - BTC-USD, amounting to $21.4298 million.

On October 30th, the Nordic bank Nordea Bank announced that it is going to provide its customers with a Bitcoin-backed Exchange-Traded Product (ETP). Nordea has previously held a cautious attitude towards cryptocurrency and stated that as the regulatory environment for cryptocurrencies in Europe becomes more mature and the demand for virtual currencies and cryptocurrencies in the Nordic region continues to rise, it has made a decision to allow customers to trade cryptocurrency-related products on its platform. Nordea will enable customers to trade a cryptocurrency-related product developed by an external company on its platform. This new product, developed by CoinShares, is scheduled to be launched on the Nordea Bank platform in December 2025.

On October 30th, according to AI Auntie's monitoring, the "Smart Money that boldly went 25 times long on ETH after the 10/11 flash crash" once again augmented their Ethereum long position. They hold a total of 19,383.25 ETH (approximately $73.3 million), and all orders have been completed. Currently, the average entry price of the position is $3,741.34, the liquidation price is $3,219.96, and the unrealized profit is $654,000. Previously, at 10:14, they had unrealized gains of $8.61 million. However, at that time, they only chose to take profit on a very small portion of their position. In the past 10 days, almost all the profits have been returned.