Over the past two days, many Binance users reported that their wallets suddenly showed a zero balance or incorrect asset values ā causing widespread concern and accusations of āfraudā or āmass liquidation.ā
š Verified Findings
1. Temporary Technical Glitch (Asset Display Issue) Binance confirmed that a technical problem caused some usersā balances to appear empty. However, all funds remained safe and intact on the system.
2. Heavy Market Activity & Execution Delays On October 10, an unusual market spike led to slower order execution and temporary disruptions on Binance ā and even on other exchanges like Coinbase.
3. āDepegā Events in Certain Tokens Some assets, such as USDE, BNSOL, and WBETH, experienced short-term price deviations (ādepegā), triggering forced liquidations for leveraged traders and resulting in real losses for some users.
4. Binanceās Response Binance issued an official statement confirming that it is reviewing affected accounts and may offer compensation after verifying the causes of loss.
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š§ Important Tips for Traders
Donāt panic-sell or buy during sudden technical issues.
Always verify prices using CoinMarketCap or CoinGecko to check if the problem is platform-specific.
Keep screenshots of your open orders and trades ā they can help if a dispute arises.
Follow Binanceās official X (Twitter) account for real-time updates.
š¬ Summary
This incident was not a hack or fraud, but rather a temporary technical error that coincided with volatile market conditions, creating confusion among users. Even so, itās always wise to remain cautious ā and never keep all your funds on one exchange .#BTCčµ°åæåę #Binance
Who Is the Real Whale Behind the Massive Short Before the Crash? š„
š Who Is the Real Whale Behind the Massive Short Before the Crash? š„
A deep-dive investigation has uncovered intriguing details about the mysterious whale who opened a massive short position just before the market collapse.
ā”ļøThe wallet 0xb317, which executed the short, received 40,000 USDT from 0x9536 ā both linked to ereignis.eth, which in turn points directly to the well-known X account @GarrettBullish.
š Who is Garrett?
Former executive at Huobi
Ex-CEO of BitForex, a platform accused of wash trading and user fund withdrawal issues
Founder of WaveLabs VC, which backed several projects that later vanished
Currently runs XHash, an institutional-grade Ethereum storage platform
š° On-chain analysis traces his funds back to old Bitcoin wallets that withdrew between 2016 and 2018 from Huobi, OKX, and Binance ā all connected to the Huobi and BitForex fraud trails.
After years under the radar, GarrettBullish has re-emerged as the āHyperliquid Whaleā, allegedly triggering one of the sharpest shocks in the market.
Now, the crypto community is asking: ā”ļø Is his $4 billion BTC-to-ETH transfer a strategic redistribution? Or could it be one of the largest money-laundering operations in crypto history?
š Gold Hits Record High Amid Renewed U.S.āChina Trade Tensions šŗšøā”šØš³
Gold prices surged to a new all-time high on Tuesday, as escalating trade tensions between the U.S. and China fueled market uncertainty and boosted demand for safe-haven assets.
š¹ Spot gold jumped 1.3% to $4,166.07 per ounce, supported further by growing expectations of a U.S. interest rate cut.
Investors are flocking to gold as global markets brace for heightened volatility. šš°
š“ China Warns Washington of āConsequences of Trade Escalationā šØš³ā”ļøšŗšø
ā¬ ļø The Chinese Ministry of Foreign Affairs has announced that Beijing will take firm countermeasures to protect its interests if the United States continues its current trade approach.
ā¬ ļø Spokesperson Lin Jian urged Washington to immediately correct its āwrong practices,ā responding to U.S. President Donald Trumpās plan to impose an additional 100% tariff on Chinese goods starting November 1st.
š A āSatoshi-Era Whaleā Bets $1.1 Billion Against Bitcoin & Ethereum Ahead of Trumpās Tariff Annou
š A āSatoshi-Era Whaleā Bets $1.1 Billion Against Bitcoin & Ethereum Ahead of Trumpās Tariff Announcement
A crypto whale from the Satoshi Nakamoto era, known to hold 86,000 Bitcoin (BTC), opened a $1.1 billion short position against Bitcoin and Ethereum (ETH) just 30 minutes before U.S. President Donald Trump announced 100% tariffs on Chinese imports ā a move that earned the trader an estimated $190ā200 million in profits amid a record $19.33 billion liquidation event affecting 1.66 million traders.
According to on-chain tracking firm Lookonchain, the trader ā described as āone of Bitcoinās earliest investorsā ā began transferring funds to the Hyperliquid exchange on October 9, building high-leverage short positions against the two largest digital assets.
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āļø Whale Doubles Down Before Trumpās Speech
The whale reportedly opened a 10x leveraged short worth $752.9 million against 6,189 BTC, with a liquidation price of $130,810, and a 12x leveraged short worth $353.1 million against 81,203 ETH with a liquidation price of $4,589.
The timing of these trades ā just 30 minutes before Trumpās announcement ā sparked intense speculation about possible insider information or government ties, as the crypto markets plunged sharply afterward, with Bitcoin dropping from $122,000 to below $102,000 within hours.
Blockchain analyst @mlmabc reported that the whale closed around 90% of his Bitcoin positions and fully exited his Ethereum shorts near the market bottom, realizing $190ā200 million in profit in less than 24 hours.
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š $19.3 Billion in Liquidations Shake the Market
Lookonchain data shows the trader began building positions on October 9 by depositing $80 million in USDC on Hyperliquid, followed by several additional multi-million-dollar deposits over the next week.
Data from CoinGlass revealed that the market crash triggered the liquidation of 1.66 million positions, wiping out $19.33 billion in open interest ā though some analysts, including @mlmabc, argued that āactual figures may exceed $30ā40 billion.ā
Of the total liquidations:
Long positions accounted for $16.83 billion,
Shorts for $2.49 billion,
Bitcoin led with $5.38 billion in losses, followed by Ethereum at $4.43 billion,
On-chain records trace this whale back to 2011, when they accumulated 86,000 BTC. Blockchain data shows that on August 20, the address sold 35,991 BTC (worth $4.43B) to buy 886,371 ETH (worth $4.07B) at an exchange ratio of 0.0406 via Hyperliquid.
The trader still holds 49,634 BTC across four wallets ā roughly $5.43 billion ā maintaining an enormous position despite an aggressive shorting strategy.
On October 8, one day before placing the massive short orders, the whale sold 3,000 BTC for $363.87 million USDC at an average price of $121,291, creating significant stablecoin liquidity.
He used $80 million USDC to open a 6x short on 3,477 BTC ($419M) with a liquidation price of $140,660, and deposited another $50 million USDC to Binance as a hedge.
The following day, October 10, he expanded his short exposure with a 12x leveraged position worth $330 million against 76,242 ETH at a liquidation price of $4,613.
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š§ Analysts Suspect Insider Knowledge
Crypto researcher Maartunn suggested that the traderās precise timing hints at possible government connections or insider intelligence regarding Trumpās tariff announcement.
Whether it was sheer luck, data-driven prediction, or inside information, one thing is certain: this Satoshi-era whale has once again proven that timing is everything in the crypto markets. #MarketSentimentToday " data-hashtag="#MarketSentimentToday " class="tag">#MarketSentimentToday #cryptouniverseofficial " data-hashtag="#cryptouniverseofficial " class="tag">#cryptouniverseofficial ###Binance pto
š¦ #Binance anceInsights | Bank of America Sounds the Gold Alarm! š«š
In a striking new report, Bank of Americaās chief strategist warned that the world may be standing at the edge of an unprecedented gold wave ā one that could surpass anything seen in past decades.
š¹ Key drivers behind the potential surge: ⢠Deepening global economic slowdown š ⢠Central banks rushing to accumulate gold š¦ ⢠Declining confidence in the US dollar šµ ⢠Growing fears of inflation and rising debt š
š¬ The report states:
> āGold is preparing to reclaim its historic throne as the worldās true currency.ā š
š Historically, gold has rallied an average of 300% in previous bull cycles ā but Bank of America suggests current conditions could form the perfect storm for another explosive move. ā”ļø
ā ļø The big question: Are we on the verge of a record-breaking rally? Or is this calm just the silence before the storm? šŖļø
š Stay tuned with Binance Insights to understand how goldās momentum could impact crypto markets and portfolio diversification strategies.
ā¬ ļø Over $9 billion in positions have been liquidated in the past 24 hours alone š°
ā¬ ļø This marks the largest single-day liquidation in the entire history of the crypto market š„
ā ļø The big question: Is this the top?
While some traders believe this massive liquidation could signal the end of the current bullish phase, others see it as a healthy correctionāa necessary reset before the next major move.
Historically, extreme liquidation events often flush out overleveraged positions, paving the way for stronger, more sustainable growth. However, the magnitude of this crash has left many investors questioning whether this time is different.
As volatility surges and fear spreads across the market, all eyes are now on Bitcoinās key support zones and the broader macro-economic indicators that could determine the next direction.