Bitcoin News Update: One Investor’s $64 Million Wager Stands Out Amid $1.2 Trillion Crypto Sell-Off

The cryptocurrency sector is experiencing a significant correction, with $1.2 trillion in market value wiped out since October due to widespread deleveraging and a surge in risk-off sentiment. According to CoinGlass, November 5 alone saw $1.73 billion in liquidations, with $1.32 billion coming from long positions, as highlighted in an

. This comes amid a broader downturn where (BTC) and (ETH) each lost more than 3% in a single session, sparking a wave of margin calls across trading platforms, according to another .

In the midst of this volatility, one trader took a daring $64.7 million leveraged long position on Hyperliquid, targeting Bitcoin, Ethereum,

, and . Identified by wallet 0x9263..., this individual had closed four successful short trades the day before and then switched to aggressive long bets with 4.17x leverage, as reported by . This strategy ran counter to the prevailing market mood, with the CNN Fear & Greed Index plunging to 21—its lowest since the 2022 bear market—signaling deep investor unease (the Yahoo article also referenced this drop).

The liquidation wave intensified as prices tumbled rapidly:

slid from $108,000 to $105,000, and dropped from $3,700 to $3,500 in just an hour, according to the FXStreet report. The most significant single liquidation was a $33.9 million ETH position on HTX, highlighting the extent of forced selling. Additionally, a well-known trader with a previously perfect record, 0xc2a3, saw their performance turn negative with a $17.6 million loss on Hyperliquid, as detailed in the same FXStreet coverage.

Regulatory oversight is ramping up as European officials dismantled a €600 million crypto scam network, arresting nine suspects tied to fraudulent investment schemes. The operation, which spanned Cyprus, Spain, and Germany, used social media ads and fake celebrity endorsements to attract victims, according to a

. In a separate development, Switzerland's AMINA Bank obtained a MiCA-compliant license to broaden its crypto offerings across the EU, reflecting increasing institutional trust in regulated digital asset markets, as reported by .

Institutional appetite presents a mixed picture. Bitcoin’s realized cap climbed by $8 billion to reach $1.1 trillion, fueled by treasury allocations and ETF activity, but inflows have recently slowed, according to

. Solana (SOL) recorded $9.7 million in ETF inflows for the seventh straight day, yet stablecoin liquidity on its network declined 8.16% over the week, raising concerns about lower trading volumes, as noted by . Robinhood’s third-quarter results showed a resurgence in retail interest, with crypto trading revenue tripling to $268 million, as reported by .

Despite recent upheaval, some investors remain hopeful. At Ripple Swell 2025, BlackRock’s Maxwell Stein forecasted a “trillion-dollar crypto surge,” while Evernorth increased its

holdings to $1 billion (as mentioned in the Coinpedia update). Still, on-chain signals urge caution: Bitcoin’s 50-day EMA is nearing a bearish crossover with the 100-day EMA, and the RSI is close to oversold territory, according to the FXStreet update.

The market’s direction will depend on regulatory developments and macroeconomic shifts. Analysts suggest that potential Federal Reserve rate cuts in Q4 and renewed ETF inflows could drive BTC toward $140,000, as per CoinGlass. However, with more than $45 billion in Bitcoin sold by large holders in recent weeks (reported by Coinpedia) and ongoing stablecoin outflows, the market remains susceptible to further volatility.