October 31 market roundup: Binance says 90% of the stolen assets have been replenished; SAFU allocates 7,500 BTC; withdrawals will resume as planned on November 1. $BTC closed at 77,582, up 0.3%, and has closed below the 82,563 range floor for 10 consecutive days. The hacker has sold more than 60% of their TRX; $TRX fell another 7.1%, and SOPH dropped 34%.
【Key points】The biggest variable today is whether withdrawals resume on schedule. Officials have only said November 1, without giving a specific time; a complete zero-knowledge proof of reserves is expected on November 3. The hacker has sold more than 60% of their TRX, worth about $130 million. Around 270 million TRX, worth about $81 million, remain unsold. Since 20:23 Beijing time on the 31st, sales have no longer been routed through THORChain and are instead taking place on DEXs. Once the TRX is sold, the 233 million XRP and 18,000 BTC could be the next focus. BTC’s intraday range was under 1%, and holdings rose by another 620 BTC; leverage has not been flushed out. Assessment: If withdrawals resume without triggering a run, BTC may have a chance to return to 82,563. Until then, watch whether it can hold the 30-day low of 76,326.
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【Key points】The biggest variable today is whether withdrawals resume on schedule. Officials have only said November 1, without giving a specific time; a complete zero-knowledge proof of reserves is expected on November 3. The hacker has sold more than 60% of their TRX, worth about $130 million. Around 270 million TRX, worth about $81 million, remain unsold. Since 20:23 Beijing time on the 31st, sales have no longer been routed through THORChain and are instead taking place on DEXs. Once the TRX is sold, the 233 million XRP and 18,000 BTC could be the next focus. BTC’s intraday range was under 1%, and holdings rose by another 620 BTC; leverage has not been flushed out. Assessment: If withdrawals resume without triggering a run, BTC may have a chance to return to 82,563. Until then, watch whether it can hold the 30-day low of 76,326.
Follow me for a market roundup every morning.
