Bitcoin’s 512% Liquidation Meltdown: $94k Revisited? 😱
As the market’s mood swings like a pendulum, Bitcoin’s derivatives market has turned into a bloodbath, according to CoinGlass. 🩸
As the market’s mood swings like a pendulum, Bitcoin’s derivatives market has turned into a bloodbath, according to CoinGlass. 🩸

The question on everyone’s lips, darlings, is whether this is the moment to swoop in and snatch up the digital darlings of the financial world, or if we’re all just tilting at windmills. 🏰 After all, as the divine Warren Buffett once quipped, “Be fearful when others are greedy, and greedy when others are fearful.” But let’s face it, darlings, we’re all a bit greedy, aren’t we? 💎
00 UTC today, Strategy moved 43,415 BTC worth $4.26B to over 100 different addresses.

The esteemed firm of No Street GP LP, in a filing most politely submitted to the U.S. Securities and Exchange Commission, disclosed their reduction in the shares of Chart Industries (GTLS +0.01%). This diminution, amounting to 565,000 shares, left them with a modest 375,000 shares, valued at £75.1 million by quarter’s end. Their interest, one observes, constituted precisely 11.4% of their AUM-a figure that, while not ostentatious, speaks volumes of their discerning allocation.

Binance, that mischievous scamp of the financial world, has finally decided to play nice with BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). 🏦✨ Now, institutions can use it as off-exchange collateral, all while keeping their assets cozy with custodians. It’s like a square dance between Wall Street and Crypto Alley-everyone’s spinning, but nobody’s stepping on toes (yet).

The fund’s latest maneuver, revealed in an SEC filing, was less a triumph than a gamble. Darling, a company that once promised to turn waste into wealth, now resembles a factory where the machinery creaks and the workers shuffle in silence. The fund’s stake-4.6% of its $1.5 billion portfolio-was a calculated risk, a bet that the market’s appetite for “sustainable” ventures might yet revive the corpse of a struggling industrial giant.

Bearish sentiment? More like bearish fiesta. Liquidation charts look like a massacre, with longs getting wiped out faster than a plate of free donuts in the office kitchen. In the last 24 hours alone, $1.88 million in ICP liquidations were recorded, with $1.70 million coming from long positions. Ouch. That’s the financial equivalent of tripping on a banana peel in front of your crush. 😬

In a move that no one quite saw coming (except possibly the hedge fund manager who’s also a professional clairvoyant), Solel Partners LP decided to take a sizable stake in First American Financial (FAF). The purchase, valued at a cool $29.6 million as of September 30, now represents a sizeable chunk-5.7%-of their reportable U.S. equity holdings. While the transaction itself might not set off fireworks in the financial world, it does raise a few eyebrows-because, as you may well know, $29.6 million doesn’t just fall out of the sky unless you’re a certain kind of investor. The filing, as is customary, was delivered with the pomp and circumstance of a standard SEC submission on Friday afternoon.
Yes, you heard right! Ethereum hit a new all-time high (ATH) in a key performance index – a whopping 24,192 transactions per second (TPS)! That’s more TPS than my Uncle Louie has excuses for not dating. The blockchain’s just warming up, folks, and it’s processing requests like a caffeinated squirrel on roller skates.

Solel Partners LP filed its quarterly report like a man filing his taxes-because it had to. The numbers? 745,900 shares of Braze, a 4.1% slice of its $519.8 million in reportable assets. September 30 came and went. The market didn’t notice. The stock did.