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📅 November 1 · Cost basis: $3.77, and he moved 660,000 VVV amid the panic
🚨 The Fear Index is at 34, and $954 million in liquidations just hit in the past 24 hours—92% of them were long positions. Most people are probably looking at how much of their position they have left right now.
But one address has been moving VVV bought at a cost basis of $3.77 to Coinbase for the past few months. A total of 663,400 tokens, deposited at an average price of $21.53, for a potential profit of $11.78 million and a 471% return. Three hours ago, it deposited another 100,000 tokens—worth $2.32 million.
VVV i

📅 November 1 · The ETF gap, filled by one player
🚨 Bitcoin ETFs saw net outflows of 202.4 million this week. That sounds pretty scary. But break it down: FBTC saw 166 million in outflows, ARKB 129.5 million, and GBTC 53.3 million. On the other side, BlackRock’s IBIT bucked the trend with 176.9 million in inflows. The so-called “broad-based bleeding” looks more like the same money flowing out of several products and piling into IBIT.
But on-chain data is less forgiving. When the price tested 76,000, short-term holders transferred more than 36,600 BTC at a loss to exchanges within 24 hours. ET

I’ve been wondering: In this U.S. election, will Musk massively boost Trump and the Republicans’ reach on X? Will he limit the Democrats’ reach? Facebook is definitely heavily biased! What do you think? 🌹🌹