ππ #BTC Local Stress Index (LSI):
Over the past week, Bitcoin experienced two elevated stress waves:
1. Oct 28β30: LSI hit 74β75% amid price drop ($113K β $106K), high volatility, aggressive selling (ASR >0.52).
2. Brief relief (Oct 31βNov 1): LSI fell to 30β40%, price rebounded to $110Kβshort-lived.
3. Ongoing wave (Nov 2βpresent): LSI at 67β73%, bearish signals (below 6h SMA, RV z-score >5, ASR >0.51). As of November 4: LSI 58.6% (elevated), price ~$104K.
Market shows weakness: rising leverage, negative liquidity, sustained sell pressure.
Over the past week, Bitcoin experienced two elevated stress waves:
1. Oct 28β30: LSI hit 74β75% amid price drop ($113K β $106K), high volatility, aggressive selling (ASR >0.52).
2. Brief relief (Oct 31βNov 1): LSI fell to 30β40%, price rebounded to $110Kβshort-lived.
3. Ongoing wave (Nov 2βpresent): LSI at 67β73%, bearish signals (below 6h SMA, RV z-score >5, ASR >0.51). As of November 4: LSI 58.6% (elevated), price ~$104K.
Market shows weakness: rising leverage, negative liquidity, sustained sell pressure.
π΅οΈββοΈπ³ In the last 6 hours 3 whales bought #BTC for ~$124 million.
π #BTC CQ: Bitcoin reserves on exchanges rose for the first time in 6 weeks, which often precedes profit taking or risk reduction.
At the same time, miner reserves fell to their lowest level since mid-2025, suggesting that miners are forced to sell BTC to cover operating costs as energy subsidies and tax breaks remain suspended during the US Government shutdown.
Meanwhile, transactions to withdraw stablecoins from exchanges have soared to record highs, signaling a shift from risky assets to safety.
Together, these three metrics - exchange reserves, miner reserves and stackcoin withdrawals - form a consistent picture: capital is moving away from risk and onchain liquidity is shrinking.
At the same time, miner reserves fell to their lowest level since mid-2025, suggesting that miners are forced to sell BTC to cover operating costs as energy subsidies and tax breaks remain suspended during the US Government shutdown.
Meanwhile, transactions to withdraw stablecoins from exchanges have soared to record highs, signaling a shift from risky assets to safety.
Together, these three metrics - exchange reserves, miner reserves and stackcoin withdrawals - form a consistent picture: capital is moving away from risk and onchain liquidity is shrinking.
πΏ #FTT SBF attorneys argue, that he was wrongfully convicted as a result of a hasty decision made under pressure from the press, prosecutors, the team. bloomberg
π #BTC lost support at the 85th percentile cost basis (~$109K) and is now near $103.5K, with the next key level at the 75th percentile cost basis (~$99K) historically providing support during pullbacks. glassnode
π #BTC Ecoinometrics: Days like this are a reminder that Bitcoin still trades as a high-beta Nasdaq 100 play most of the time.
When the Nasdaq drops more than 1.5% in a day,
β Bitcoin has a 75% chance of posting a negative return.
β On average, Bitcoin falls β2.4%.
So itβs no surprise that with the Nasdaq 100 selling off, Bitcoin is taking a hit too.
When the Nasdaq drops more than 1.5% in a day,
β Bitcoin has a 75% chance of posting a negative return.
β On average, Bitcoin falls β2.4%.
So itβs no surprise that with the Nasdaq 100 selling off, Bitcoin is taking a hit too.
ππ #BTC CQ: In this bull run, Bitcoin has been forming support roughly 10% under the STH Realized Price. That puts the current support area at ~$103,500.
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π΄ββ οΈ #XUSD DeFi-analyst YieldsAndMore mapped the risks associated with Stream Finance's $93 million loss and said that hundreds of millions of dollars in loan and collateral positions could be indirectly affected across lending, stablecoin and liquidity pool networks.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.
π€ #DOLO Dolomite Foundation has entered into a $10 million private placement and strategic partnership with Stewards Inc. a financial services company advancing its digital asset strategy through network infrastructure and tokenized finance.
βοΈπ #BTC Mining Profitability Slumps as Hashprice Falls to Multi-Month Low. coindesk
π΅οΈββοΈ #SUN The sun.Ρo team bought back 2.06M SUN ($45K) and burned it, totaling 648.54M SUN ($13.86M) since Dec 15, 2021. link
π° Lava, a #BTC lending platform, announced it has raised $200 million in venture and debt funding.
π° Stablecoin-enabled payments infrastructure platform Zynk has raised $5 million from Coinbase Ventures and others. theblock
π³ #ETH A mysterious whale accumulates ETH aggressively, borrowing and depositing large amounts on Aave and Binance, making a profit of over $29M. link
π΅οΈββοΈπ΄ββ οΈ #ETH New analysis reveals the $116M Balancer exploit was meticulously planned for months with funding sourced through Tornado Cash trickles, showing no obvious OPSEC leaks. link