First, let's talk about this:

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

Let's look at this update first, then compare it with the market to see whether prices have reacted to the news.

First, let's look at the market:

$BTC 76,942.81 (-1.99%)｜$ETH 2258.59 (-1.6%)｜BNB 697.41 (-2.17%)｜SOL 92.17 (-3.07%)

There's some pressure, but it's not a trend reversal yet.

Top gainers and losers:

Top gainers: AGT +39.38%, ARIA +35.48%, EVAA +20.03%

Top losers: IDOL -32.66%, INIT -29.98%, AKE -29.34%

A few updates from today:

1. Data: Hacker suspected of stealing $106 million from an EU entity bought 27,500 ETH yesterday

2. Data: After withdrawals opened, Binance’s Bitcoin balance fell from 732,000 BTC to 711,000 BTC, a drop of less than 3%.

What everyone’s talking about:

#币安10月31日储备金证明快照零知识证明已生成 #香港证监会考虑试点代币化黄金ETF

Funds:

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

BTC network-wide long/short account ratio: 2.65, with longs making up 72.6%

A few thoughts:

Until the direction is clear, keep positions light and watch whether BTC holds or loses key levels.

Are you bullish or bearish today? Let’s chat in the comments.

Just my personal opinion, not investment advice.