October's Bullish Surge: BTC Rises Over 14%, Whales Continue Accumulation, MrBeast Controversy Sparks AttentionOctober witnessed a robust bull run in the crypto market. Bitcoin (BTC) soared by a remarkable 14
October's Bullish Surge: BTC Rises Over 14%, Whales Continue Accumulation, MrBeast Controversy Sparks Attention
October witnessed a robust bull run in the crypto market. Bitcoin (BTC) soared by a remarkable 14.4% this month, reaching a peak of almost 25%, surpassing the $72,300 mark. In parallel, whales continued their accumulation activities within the market, including the massive whale address AA21...VxH9, which withdrew 206,111 SOL worth $36 million from Binance over the past nine days and subsequently staked them.
However, not all signals in the crypto market were positive. The Ethereum Foundation once again sold 100 ETH (worth $271,000), marking a total of 4,066 ETH sold this year, amounting to a staggering $11.24 million. Additionally, the well-known influencer MrBeast faced considerable controversy for alleged insider trading and misleading investors. He leveraged his influence to profit over $23 million from several crypto projects, including SUPER, ERN, PMON, STAK, and AIOZ, sparking significant market attention.
Here's a detailed review of October's crypto market performance:
BTC Monthly Gain Reaches 14.2%, with Peak Increase Near 25%
At the beginning of October, Bitcoin's price stood at $63,327. By month's end, it had climbed to $72,300, marking an overall increase of 14.2%. By calculating the difference between the lowest and highest points, the maximum gain reached a staggering 24.89%, with a price difference of nearly $15,000!
CelsiusNetwork Associated Address Reloads FalconX with 2278 ETH Worth $6.07 Million After Three Months
After a three-month hiatus, the associated address of CelsiusNetwork reloaded FalconX with 2278 ETH at a reload price of $2664. Currently, all 2581 ETH received by this address from CoinbasePrime six months ago have been transferred to the exchange. Arkham has tagged this reload address as belonging to Celsius.
Giant Whale Withdraws 6574 ETH Worth $17.65 Million from Binance and Bybit
This address cumulatively withdrew 6574 ETH, averaging a withdrawal price of $2684. Subsequently, the ETH was deposited into Aave and used to borrow 16 million USDT, which has now been returned to Binance. This address holds a total of 38,135 ETH/WETH/stETH, with 48.43 million USDT borrowed, resulting in a health score of 1.69. It seems that most of the borrowed stablecoins were invested in Ethena to earn interest and airdrops, with its current sUSDe holdings reaching a significant $74.29 million.
Data Source:
1. https://x.com/lookonchain
2. https://x.com/ai_9684xtpa
Conclusion:
The overall performance of the crypto market in October was strong, with significant price increases for Bitcoin and other crypto assets. The continuous buying and staking of SOL by whales indicates strong confidence in this asset. However, the Ethereum Foundation's consistent ETH sales and the controversy surrounding MrBeast's alleged insider trading cast some negative shadows on the market. The future trajectory of the crypto market remains closely watched.
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