Ethereum CEX Reserves Hit a New Low Since 2015, Market May Face Supply Squeeze

According to Lookonchain's monitoring, a "smart money" trader with a 100% win rate has again gone long on ETH. After the market dip, they opened a long position of 20,277 ETH (approximately $45.3 million) with 25x leverage, and currently holds an unrealized profit of $252,000. The trader has profited from all 10 of their prior trades, with a cumulative realized profit of $6.32 million.

Carlos, Growth Lead at on-chain transaction execution platform Definitive, tweeted that his old hot wallet was emptied early this morning in a suspected large-scale attack launched by "noble.base.eth", linked to the Railway vulnerability. He confirmed the transfers were signed by his own wallet, meaning the theft stemmed from a mnemonic or private key leak. All 96 victim wallets emptied within roughly 70 minutes followed the same pattern, so he advised users holding hot wallets to rotate their keys immediately. The attacker used Relay as the primary withdrawal channel, and Relay subsequently stated it has blocked the relevant wallets.

US stocks suffered a sharp selloff during Thursday's intraday trading. The Nasdaq Composite closed down 5.52%, the S&P 500 fell 4.36%, and the Dow Jones dropped 3.44%, marking the worst single-day performance in nearly 19 months. Tech and chip stocks led the decline, with S&P 500 companies' market capitalization erasing roughly $3 trillion intraday; the VIX fear gauge surged 11.57 points to around 28.2 over the same period. The selloff was primarily driven by expectations of Democrats controlling Congress after the midterm elections, as well as market concerns over AI data center development and tighter regulation. Tech and chip stocks led the drop, with the Philadelphia Semiconductor Index falling more than 12%. During the market downturn, capital clearly flowed into safe-haven assets: - US short-term bonds were in high demand: the 2-year Treasury yield plummeted roughly 11-12 basis points to around 4.47%, while the 10-year yield dropped 5-6 basis points to 4.84%, steepening the yield curve. - Spot gold rose around 1% to close at roughly $4,090-$4,100 per ounce. - The Japanese yen and Swiss franc strengthened. - Berkshire Hathaway hit an all-time high intraday; while it pulled back slightly at close, it still significantly outperformed the broader market, reflecting inflows of defensive capital. Going forward, the market will continue to monitor employment data, Federal Reserve statements, and AI-related policy implementations, which may impact the sustainability of these capital flows. Notably, the US October unemployment rate and seasonally adjusted nonfarm payrolls data will be released at 21:30 ET tonight, which is expected to drive significant market volatility.

According to Bitget's market data, Japan's TOPIX has fallen to its lowest level since April, with the latest decline exceeding 6%.

The smart trader with a 100% win rate is long $ETH again! He opened a 25x long on 20,277 $ETH ($45.3M) after the market drop and is already up $252K. He has won all 10 of his previous trades, making $6.32M in realized profit.

According to Lookonchain's monitoring, a large whale heavily shorting US stocks has turned most of its short positions profitable. The whale mainly holds bets on the AI, semiconductor, and memory chip sectors, with total unrealized profits exceeding $30 million. Its short positions in SanDisk generated $6.36 million in floating gains, short positions in Intel yielded $4.03 million, short positions in the 3x long semiconductor index (SOXL) brought $2.33 million, and short positions in Micron generated $2.25 million in floating gains.