BTC breaks through the $110000 mark

[Analysis Suggests BTC Concentration Reaches Two-Year High, Potentially Triggering Significant Volatility] Analyst Murphy stated that as of November 1, the concentration of BTC holdings within a 5% price range of the spot price has risen to 17.6%, marking the highest level in nearly two years. This indicates a rapid tightening of the holding structure, which could potentially trigger significant volatility. Data shows that after this concentration reached 15% on September 30, BTC experienced a strong rebound, breaking past its previous all-time high. Over the past two years, there have been eight instances where the concentration exceeded 13%, all of which were accompanied by varying degrees of volatility. However, the direction of the volatility was unpredictable, with only the proximity of significant fluctuations being certain. This analysis is for educational and informational purposes only and does not constitute investment advice.

[EtherFi CEO Responds to Card Fraud Incident, Promises Refunds to Affected Users] EtherFi CEO Mike Silagadze stated that in response to community concerns about 'potential upstream or downstream issues at EtherFi, where an unused or pre-authorized card was fraudulently charged,' the company is investigating the matter and communicating with credit card partners. All users affected by fraudulent transactions will receive refunds.

[Binance Bitcoin Withdrawal Volume Quadruples in Late October] CryptoOnchain data shows that Binance Bitcoin withdrawal volume surged from 850 to 3,500 within two days in late October. Whale fund transfers are often seen as signals of accumulation and growing long-term confidence. If this trend continues, reduced liquidity may create conditions for the next round of Bitcoin price increases.

[Garden Finance loses approximately $11 million due to solver attack] Garden Finance co-founder Jaz Gulati confirmed on the X platform that approximately $11 million was lost due to a solver attack. The team is currently investigating the root cause of the incident and working with security partners to track the event. Jaz Gulati emphasized that this incident did not result in any user fund losses and only affected a single solver, with no impact on the protocol itself.

[Bitdeer Adds 121 Bitcoins This Week, Total Holdings Reach 2,233.2 BTC] Bitcoin mining company Bitdeer has released its latest data. As of October 31, its total Bitcoin holdings have increased to 2,233.2 BTC (excluding customer deposits). Over the past week, Bitdeer mined 121 Bitcoins, sold 68.1 BTC, and had a net increase of 52.9 BTC.