A Binance hot wallet was hacked, losing about $2.8 billion and causing Bitcoin's price to fall below $79,000. Traders are considering shorting Bitcoin using futures contracts on platforms like Bitget and OKX Europe, but experts warn that shorting right after a crash carries high risks due to potential quick price rebounds and funding costs. Alternatives to shorting include margin trading, put options, inverse ETPs, and stablecoin swaps. Regulatory environments vary, with EU users facing stricter rules and licensed exchange requirements. Investors are advised to use low leverage, set stop-losses, and consider stablecoins for hedging rather than aggressive shorting.
The story on how to short Bitcoin provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 30, 2026 04:51 WIB: out of 50 major cryptocurrencies, only 5 rose while 44 fell. MANA dropped 8.57% to Rp1.333 with 100% sell orders and a typical hold time of 157 days, contrasting with SUSHI which fell 8.18% to Rp3.496 but saw 100% buy orders and a shorter hold time of 102 days. GRT also declined 8.34% to Rp378 with mixed order activity at 58% sell and 42% buy.
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Solana's price dropped below $100 following a suspected hack on Binance, which led to $628 million in liquidations, mostly on leveraged long positions. Although no Solana tokens were stolen, the market sell-off affected SOL due to its trading pairs w...
On-chain analysis reveals a wallet suspected to be linked to a Binance hacker holds $47.3 million in Uniswap (UNI), making it the largest altcoin position in that wallet. Other significant holdings include ENA, PEPE, LINK, and AAVE, with values rangi...
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