First, this:

Analyst: BTC balances fell by 21,000 after Binance enabled withdrawals, while on-chain reserves still stand at $139.7 billion

Take a look at this first, then compare it with the market to see whether this news has been priced in.

Major coins:

$BTC 76,895.77 (-2.1%)

$ETH 2256.81 (-1.76%)

BNB 697.06 (-2.38%)

SOL 92.17 (-3.19%)

Under some pressure, but not enough to call it a trend reversal.

What people are discussing on the Plaza:

#币安10月31日储备金证明快照零知识证明已生成 #币安恢复28种法币提现

Top gainers and losers:

Top gainers: ARIA +35.49%, LYN +25.03%, AGT +23.45%

Top losers: AKE -33.06%, IDOL -29.64%, INIT -29.63%

Sentiment and capital flows:

Fear and Greed Index: 26 (Fear), down 11 from yesterday

BTC global account long/short ratio: 2.65, with longs accounting for 72.6%

News:

1. Data: After withdrawals were enabled, Binance's Bitcoin balance fell from 732,000 BTC to 711,000 BTC, a decline of less than 3%

2. Brazilian exchange Mercado Bitcoin was hacked, losing over $46 million; the hackers hold around $9.2 million in altcoins

A few thoughts:

A morning briefing every day.

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