On-Chain Hexagram | Today’s Hexagram: Wind over Lake, Zhong Fu — sincerity brings trust; the numbers on-chain don’t lie.
What are on-chain players doing after the CPI sell-off? Some are running; others are buying the dip.
Data sources: Santiment (via Binance Square), SoSoValue (via Foresight News), CoinGlass (via TradingView), Arkham (via Odaily), Liquid247 (via ChainCatcher), Finnhub (Binance BTC/USDT); snapshot taken on the morning of 11-11. Figures are given as ranges where applicable, rather than being forced into a single number.
First, the ones running: ETFs saw $201 million in net outflows on November 9, marking a third consecutive day of outflows. BlackRock’s IBIT alone saw $213 million in outflows that day. On November 10, mining firm MARA transferred out 500 BTC (about $37.38 million). Since October 1, it has sold a total of 13,597 BTC, raising about $1.1 billion at an average price of $81,039. Huang Licheng spent 18 months trading on Hyperliquid and lost a cumulative $37.46 million. On November 10, he closed all his positions and emptied his account—the first time he has exited completely since May last year. There’s also an address on Hyperliquid, 0x3ff54f...f705, holding a short position of 1,249 BTC, with a notional value of about $93.31 million.
Now, the ones buying the dip: Santiment says wallets holding 1–100 BTC accumulated more than 14,000 BTC over the past two weeks. An address with cumulative profits of about $40.45 million added another XRP long worth about $7.43 million, bringing its holdings to around 10.35 million XRP. In the five minutes after the CPI release, about $200 million in long positions were liquidated. Across the market, 24-hour liquidations totaled about $718 million, affecting more than 121,000 traders.
Timeline: 2026-11-08, BTC hit an intraday low of $73,510, its lowest since August 21, then rebounded above $75,000; 2026-11-09, BTC closed at $75,368, while ETFs recorded $201 million in net outflows that day; 2026-11-10 21:30, October CPI was released: headline CPI rose 0.4% and core CPI 0.3%, both above expectations. BTC fell from around $74,770 to $73,525 in five minutes, with a low of about $73,400; 2026-11-10, MARA transferred out 500 BTC and Huang Licheng emptied his Hyperliquid account; daytime on 2026-11-11, BTC briefly fell to around $72,727, dipping below the 200-day moving average at about $73,151, but had recovered to around $73,894 by 16:24; wallets holding 1–100 BTC accumulated more than 14,000 BTC over two weeks.
In the past, when CPI triggered a sell-off, retail investors ran first while the whales watched. Now ETFs are seeing outflows, MARA is selling, and Huang Licheng has left at a loss—but small and mid-sized wallets holding 1–100 BTC have quietly scooped up 14,000 BTC in two weeks. The money running is in plain sight; the money buying is silent. We used to worry that there’d be no buyers. Now it’s crystal clear: at $73,000, someone is buying.
Honestly, when the market is selling off, look at who’s selling—but look even more closely at who’s buying. ETF outflows mean institutions are rebalancing; MARA selling coins means a mining firm is raising cash; Huang Licheng exiting is one person admitting defeat. But small and mid-sized wallets are accumulating, the 200-day moving average was breached during the day and then reclaimed, and it was all leveraged positions that got liquidated. Coins are changing hands from the visible to the less visible—and that turnover itself looks like a bottom. Metrics such as holder count, total supply, and the share held by the top 10 holders—single-coin profile stats—don’t mean anything for the BTC network as a whole. I couldn’t find this time’s 24-hour transaction count, so I won’t make one up.
I track the moves of on-chain whales and daily ETF inflows and outflows in three updates a day—follow me, and I’ll keep an eye on whether there are buyers at $73,000.
The hexagram has been cast; set your own position. —Shengshou
On-chain data is a public snapshot. The divination references are for entertainment only and do not constitute investment advice.
#玄学炒币 #链上数据 #BTC #ETF
What are on-chain players doing after the CPI sell-off? Some are running; others are buying the dip.
Data sources: Santiment (via Binance Square), SoSoValue (via Foresight News), CoinGlass (via TradingView), Arkham (via Odaily), Liquid247 (via ChainCatcher), Finnhub (Binance BTC/USDT); snapshot taken on the morning of 11-11. Figures are given as ranges where applicable, rather than being forced into a single number.
First, the ones running: ETFs saw $201 million in net outflows on November 9, marking a third consecutive day of outflows. BlackRock’s IBIT alone saw $213 million in outflows that day. On November 10, mining firm MARA transferred out 500 BTC (about $37.38 million). Since October 1, it has sold a total of 13,597 BTC, raising about $1.1 billion at an average price of $81,039. Huang Licheng spent 18 months trading on Hyperliquid and lost a cumulative $37.46 million. On November 10, he closed all his positions and emptied his account—the first time he has exited completely since May last year. There’s also an address on Hyperliquid, 0x3ff54f...f705, holding a short position of 1,249 BTC, with a notional value of about $93.31 million.
Now, the ones buying the dip: Santiment says wallets holding 1–100 BTC accumulated more than 14,000 BTC over the past two weeks. An address with cumulative profits of about $40.45 million added another XRP long worth about $7.43 million, bringing its holdings to around 10.35 million XRP. In the five minutes after the CPI release, about $200 million in long positions were liquidated. Across the market, 24-hour liquidations totaled about $718 million, affecting more than 121,000 traders.
Timeline: 2026-11-08, BTC hit an intraday low of $73,510, its lowest since August 21, then rebounded above $75,000; 2026-11-09, BTC closed at $75,368, while ETFs recorded $201 million in net outflows that day; 2026-11-10 21:30, October CPI was released: headline CPI rose 0.4% and core CPI 0.3%, both above expectations. BTC fell from around $74,770 to $73,525 in five minutes, with a low of about $73,400; 2026-11-10, MARA transferred out 500 BTC and Huang Licheng emptied his Hyperliquid account; daytime on 2026-11-11, BTC briefly fell to around $72,727, dipping below the 200-day moving average at about $73,151, but had recovered to around $73,894 by 16:24; wallets holding 1–100 BTC accumulated more than 14,000 BTC over two weeks.
In the past, when CPI triggered a sell-off, retail investors ran first while the whales watched. Now ETFs are seeing outflows, MARA is selling, and Huang Licheng has left at a loss—but small and mid-sized wallets holding 1–100 BTC have quietly scooped up 14,000 BTC in two weeks. The money running is in plain sight; the money buying is silent. We used to worry that there’d be no buyers. Now it’s crystal clear: at $73,000, someone is buying.
Honestly, when the market is selling off, look at who’s selling—but look even more closely at who’s buying. ETF outflows mean institutions are rebalancing; MARA selling coins means a mining firm is raising cash; Huang Licheng exiting is one person admitting defeat. But small and mid-sized wallets are accumulating, the 200-day moving average was breached during the day and then reclaimed, and it was all leveraged positions that got liquidated. Coins are changing hands from the visible to the less visible—and that turnover itself looks like a bottom. Metrics such as holder count, total supply, and the share held by the top 10 holders—single-coin profile stats—don’t mean anything for the BTC network as a whole. I couldn’t find this time’s 24-hour transaction count, so I won’t make one up.
I track the moves of on-chain whales and daily ETF inflows and outflows in three updates a day—follow me, and I’ll keep an eye on whether there are buyers at $73,000.
The hexagram has been cast; set your own position. —Shengshou
On-chain data is a public snapshot. The divination references are for entertainment only and do not constitute investment advice.
#玄学炒币 #链上数据 #BTC #ETF