Crypto futures traders are returning to the market and opening fresh positions as Bitcoin, SOL and ETH rallied into overhead resistance levels today. Key points: Rising spot and futures volumes show traders venturing back into the crypto market. Traders are positioning for upside, but charts hint that swing traders will sell intra-day rally tops. Read more
The $11 billion Bitcoin whale made millions in profit from last week’s crypto market crash and continues betting on more downside. The $11 billion Bitcoin whale is back with another massive short position, signaling that some large investors are hedging for more crypto market downside amid the tariff concerns and ongoing government shutdown. The Bitcoin whale, which is crypto slang for a large investor, returned with a $235 million 10-times leveraged short position on Bitcoin (BTC), which is a de facto bet on the price decline of the world’s first cryptocurrency. The large investor opened the short position on Monday, when Bitcoin was trading at $111,190. He currently faces a $2.6 million unrealized loss on the short bet, which stands to be liquidated if Bitcoin’s price surpasses $112,368, according to Hypurrscan blockchain data. Read more
Galaxy Digital reported higher quarterly profit as trading volumes increased 140%, reflecting stronger institutional activity in crypto markets. Galaxy Digital reported strong third-quarter earnings results, driven primarily by higher trading activity and continued expansion in asset management, signaling steady institutional interest in crypto-focused financial services. The company reported net income of $505 million for the quarter ending Sept. 30, with adjusted earnings of $629 million, boosted by record results in its digital asset operations and investment gains. Galaxy closed the quarter with $3.2 billion in equity, including $1.9 billion in cash and stablecoins. Trading volumes jumped 140% from the previous quarter, fueled by increased spot and derivatives volumes. The quarter included the execution of a major client transaction involving the sale of more than 80,000 Bitcoin (BTC) — one of the largest crypto trades to date. Read more
SharpLink increased its ETH holdings following a $76.5 million raise, with staking rewards topping $23 million since its treasury launch in June. SharpLink Gaming has expanded its Ether treasury to 859,853 ETH, worth roughly $3.5 billion, following a $76.5 million capital raise completed on Friday. The company announced the acquisition of an additional 19,271 ETH at an average cost of $3,892 per Ether (ETH) in a press release on Tuesday. SharpLink earned 5,671 ETH in staking rewards since launching its Ethereum treasury strategy in June. At current prices of about $4,100 per ETH, those rewards are worth around $23.25 million. Read more