Big Whales' Movements

Glassnode says BTC sellers kept exiting at a loss below $80,000

Glassnode said in a social media post that Bitcoin sellers have continued to capitulate below the $80,000 level, with the market recording a prolonged stretch of realized losses. According to the data cited by the on-chain analytics firm, last week saw the longest run of daily net realized losses since mid-August. Glassnode also noted a pattern in earlier market behavior: concentrated periods of losses in both August and September formed around local lows. It added that if BTC can hold above $75,000, the current setup would once again fit that pattern. The update points to sustained loss-taking pressure among sellers while highlighting a price level that Glassnode says could keep the recent structure in line with prior episodes.

BlackRock

23 hours ago

Lookonchain says BlackRock saw 580,145 ETH outflows over the past month

BlackRock has recorded continued Ether outflows over the past month, according to on-chain monitoring cited by ChainCatcher and attributed to Lookonchain. The total outflow was 580,145 ETH, with the report valuing that amount at about $1.32 billion. The brief did not provide a breakdown of the transfers, destination addresses, or any explanation for the movement. ChainCatcher published the update as a whale-movement newsflash, and the source text only stated the monitored outflow figure and its estimated dollar value. No additional timing details beyond the past month were included in the item.

Strategy

23 hours ago

Strategy spends $208.2M on STRC buybacks, outpacing its weekly Bitcoin purchases

Strategy spent far more on repurchasing its STRC preferred shares than on buying Bitcoin last week, according to an 8-K filed Monday with the US Securities and Exchange Commission. The company said it used $208.2 million to buy back STRC and about $65.5 million to acquire 811 Bitcoin at an average price of $80,846. Strategy also sold about 1.18 million MSTR shares for net proceeds of $164 million, with $65.5 million going to the Bitcoin purchase and the remaining $98.5 million added to its USD Cash balance. As of Sunday, the company held $132.7 million in USD Cash and $4.79 billion in a separate US dollar reserve. The filing also showed that between Oct. 1 and Oct. 25, Strategy had spent about $664 million on STRC buybacks, versus roughly $72 million on Bitcoin acquisitions. In pre-market trading Monday, STRC rose 0.1% to $99.22, still about 0.8% below its $100 target price. The report also noted that Japan’s Metaplanet disclosed common share buybacks on Monday.

tZERO

23 hours ago

tZERO targets public listing in $350 million SPAC deal

Digital securities firm tZERO is planning to go public through a $350 million SPAC transaction, according to CoinDesk. The company expects to list on NYSE American under the ticker TZRO early next year. The planned listing comes after more than a decade spent building blockchain-based trading infrastructure. The report points to tZERO’s long-running focus on digital securities and tokenization-related market plumbing as it moves toward the public market.

OKX

23 hours ago

OKX to list five USDT-margined stock perpetuals including ADI and FLEX

OKX said it will add five USDT-margined stock perpetual contracts tied to ADI, FLEX, MELI, PEP, and UMC, according to an official announcement cited by Odaily. The exchange scheduled the contracts to go live in five separate windows on Beijing time, starting at 19:30 and continuing at 15-minute intervals through 20:30. Specifically, trading will open at 19:30, 19:45, 20:00, 20:15, and 20:30. The announcement also outlined how the products will operate after launch. The contracts will be available for round-the-clock trading. Funding fees will generally be settled once every eight hours. If the funding rate reaches its upper or lower limit, the settlement cycle will automatically shift to once per hour. No additional product details were provided in the brief notice.

Iran

23 hours ago

Iran Signals More Flexibility in U.S. Talks, With Sanctions Relief and Frozen Funds at the Center

Iranian President Masoud Pezeshkian said the country’s supreme leader has granted the government partial authority to negotiate, a remark that the market read as a sign Tehran may be taking a more flexible position in talks with the United States. After the comment, international oil prices fell sharply while gold and silver moved higher. The report also said Iran’s strategic decisions remain in the hands of the supreme leader, meaning any progress in negotiations would still require alignment between the supreme leader and the negotiating team. That leaves the government with some room to engage, but not final authority over the direction of the talks. According to IRNA, Iran had previously put forward a two-day framework proposal that would allow the conditional reopening of the Strait of Hormuz if its demands are met. Those demands include lifting the blockade, releasing frozen funds, and easing sanctions. The combination of partial negotiating authority and those stated conditions has put Tehran’s policy stance back in focus for global markets.

U.S. stock futures

23 hours ago

U.S. stock futures extend gains, Nasdaq 100 futures rise more than 1%

U.S. stock futures moved higher, with gains broadening across the major index contracts, according to data cited by Odaily and sourced from MSX.COM. Dow Jones futures were up 0.72%, S&P 500 futures gained 0.58%, and Nasdaq 100 futures rose more than 1.00%. The move showed stronger momentum in tech-heavy futures relative to the other major benchmarks at the time of the update. Odaily published the item under its market analysis category. No additional context or drivers were provided in the source update.

Strategy

23 hours ago

Strategy Buys 811 BTC With MSTR Share Sales as STRC Buybacks Pass $400 Million in Two Weeks

Strategy said it bought 811 bitcoin for $65.5 million in the week ended Nov. 1, according to a Form 8-K filed Monday. The company paid an average of $80,846 per coin, including fees, bringing its total holdings to 849,327 BTC acquired for $64.08 billion at an average cost of $75,451 each. Executive Chairman Michael Saylor also confirmed on X that the company had acquired 811 BTC and repurchased $208 million of STRC. The latest bitcoin purchase was funded entirely through sales of Strategy’s Class A common stock. Under its at-the-market program, the company sold 1,178,552 MSTR shares for $164.0 million after commissions. Of that amount, $65.5 million went to bitcoin and $98.5 million was added to USD Cash. Strategy said it did not issue any of its four preferred stocks — STRF, STRC, STRK, and STRD — during the week. At the same time, the company spent $208.2 million in USD Cash to repurchase 2,092,035 STRC shares. Unchained calculated that Strategy has spent $413.1 million on STRC buybacks since Oct. 19 across the last two weekly filings, more than six times the $65.5 million it spent on bitcoin over the same period.