A crypto address linked to a contract account with $22.56 million in total profits initiated a Bitcoin short position worth about $10.05 million on October 25. The short covered 125 BTC at an average entry price near $80,374.64, opening at 5:44 p.m. ET. This move signals a bet on Bitcoin's price decline despite the account's strong profit history, highlighting cautious sentiment or hedging strategies in the current market environment.
While the article highlights a significant Bitcoin short position worth about $10.05 million, on Pluang, Bitcoin trades at Rp1.446.056.406 with a modest 0.77% decline as of Oct 26, 2026 07:21 WIB. Despite this short, Pluang's order activity shows a strong 78% buy interest, contrasting with the cautious sentiment implied by the short. Bitcoin's circulating supply is near its maximum at 20.1 million out of 21 million BTC, indicating a mature market stage.
Quant (QNT) surged 6.52% to $190.64, leading gains among the 90 largest cryptocurrencies excluding stablecoins, while most others declined. Notable risers included Ethena (ENA) up 5.41%, Pyth Network (PYTH) up 5.16%, and Rain (RAIN) up 3.51%. Meanwhi...
Bitcoin's price fell below the $80,000 mark, reaching $79,900 as of 7:51 p.m. ET on October 25, according to Binance spot market data. This represents a 0.76% drop over the prior hour, with the price declining from $80,308 just 15 minutes earlier. Th...
Bitcoin's price slightly increased by 0.07% to $80,490 despite the total cryptocurrency market capitalization falling 3.52% to $2.69 trillion. Bitcoin dominance remains strong at 60%, while Ether and other major tokens like XRP, BNB, Solana, and Doge...
In 2026, Bitcoin and gold have become the worst-performing major asset classes, with declines of 7.3% and 7.5% respectively. This is notable as both are traditionally seen as safe havens during economic uncertainty but have underperformed stocks, bon...
David Schwartz, Ripple's CTO emeritus, suggested that XRP could serve as a bridge connecting various Bitcoin representations on the XRP Ledger (XRPL). This means that wrapped or bridged Bitcoin tokens on XRPL might depend on XRP to transfer value bet...
