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Bitcoin Declines as Selling Momentum Carries Over From October

Bitcoin fell over 1% to $104,422 and Ethereum dropped to $3,530 as whale profit booking and continued ETF outflows weighed on sentiment.

The pullback extends pressure from Red October, when a $19b washout on Oct. 19 set a weaker tone that bled into November. Traders say the move looks like consolidation after a volatile month, with some positioning for a base before the next leg higher.

Crypto Shares Sink With Bakkt Holdings Fall over 10%

Crypto shares fell in overnight trading. TeraWulf down about 6%; Bit Digital, Canaan down over 4%; BTCS, Bitfarms, SBET down nearly 4%.

Anti-CZ Whale’s Short Bets Surge to Nearly $100M in Profit as Market Drops

The trader known as the “Anti-CZ Whale,” who recently increased his $ASTER short position after CZ publicly posted a buy signal, is now sitting on more than $21M in unrealized profit across two wallets.

In addition to ASTER, he is also shorting DOGE, ETH, XRP, and PEPE, all currently profitable. His total realized and unrealized gains on Hyperliquid are now approaching $100M, making him one of the platform’s most successful high-conviction short traders.

Whale Group “7 Siblings” Scoops Up $14,254 ETH Amid Market Dip

As prices softened, the whale cohort known as “7 Siblings” went on an aggressive buying spree, spending 52.47 million USDC over the past 12 hours to accumulate 14,254 ETH at an average price of $3,681. The coordinated accumulation suggests select large holders view the pullback as a strategic entry opportunity, even as broader market sentiment remains cautious.

StakeWise Recovers $19.3M in osETH From Balancer Hacker, Reducing Stolen Fund Total to ~$98M

Liquid staking protocol StakeWise recovered 5,041 osETH (worth ~$19.3 million) from the Balancer exploit this morning via a contract call, trimming the hacker’s haul from about $117 million to roughly $98 million. The attacker has been steadily swapping liquid staking tokens into ETH, with more than half of the remaining funds now held in ETH. The recovery marks one of the few successful asset retrievals in the ongoing Balancer exploit fallout.

Wintermute Founder Denies Plans to Sue Binance, Calls Rumors “Baseless”

Wintermute founder Evgeny Gaevoy has denied rumors that the firm plans to sue Binance, saying it has never intended to pursue legal action and has no reason to do so. He also rejected suggestions that Wintermute signed an NDA or coordinated any legal strategy with other market makers, describing the claims as “completely baseless.” Gaevoy noted that while some users have speculated about potential disputes, Wintermute is not involved in any such efforts.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Monday (Nov. 3) was $186.51 million. The total net asset value of Bitcoin spot ETFs is $143.51 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.75%.

The Bitcoin spot ETF with the highest net outflow on Nov.3 was iShares Bitcoin Trust ETF , with a net outflow of $186.51 million.