Bitcoin News Update: One Investor’s $64 Million Wager Stands Out Amid $1.2 Trillion Crypto Sell-Off
- Crypto market lost $1.2T since October due to extreme leverage unwinding and risk aversion, with $1.73B in liquidations on Nov 5 alone. - A single trader placed $64.7M leveraged long bet on Hyperliquid amid record BTC/ETH price drops and CNN Fear & Greed Index hitting 21. - European regulators dismantled €600M crypto fraud network while AMINA Bank secured EU MiCA-compliant crypto license, signaling mixed institutional confidence. - Bitcoin's 50-day EMA nears bearish crossover as whales dumped $45B BTC, y
The cryptocurrency sector is experiencing a significant correction, with $1.2 trillion in market value wiped out since October due to widespread deleveraging and a surge in risk-off sentiment. According to CoinGlass, November 5 alone saw $1.73 billion in liquidations, with $1.32 billion coming from long positions, as highlighted in an
In the midst of this volatility, one trader took a daring $64.7 million leveraged long position on Hyperliquid, targeting Bitcoin, Ethereum,
The liquidation wave intensified as prices tumbled rapidly:
Regulatory oversight is ramping up as European officials dismantled a €600 million crypto scam network, arresting nine suspects tied to fraudulent investment schemes. The operation, which spanned Cyprus, Spain, and Germany, used social media ads and fake celebrity endorsements to attract victims, according to a
Institutional appetite presents a mixed picture. Bitcoin’s realized cap climbed by $8 billion to reach $1.1 trillion, fueled by treasury allocations and ETF activity, but inflows have recently slowed, according to
Despite recent upheaval, some investors remain hopeful. At Ripple Swell 2025, BlackRock’s Maxwell Stein forecasted a “trillion-dollar crypto surge,” while Evernorth increased its
The market’s direction will depend on regulatory developments and macroeconomic shifts. Analysts suggest that potential Federal Reserve rate cuts in Q4 and renewed ETF inflows could drive BTC toward $140,000, as per CoinGlass. However, with more than $45 billion in Bitcoin sold by large holders in recent weeks (reported by Coinpedia) and ongoing stablecoin outflows, the market remains susceptible to further volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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