Why is the market down today? -> TLDR The crypto market fell 5.04% over the last 24h, extending a 9.29% weekly decline. Bearish catalysts include whale sell-offs, regulatory uncertainty, and a risk-off shift in derivatives. Whale profit-taking – OG Bitcoin holders sold 17,265 BTC ($1.8B+) in 24h. Derivatives unwinding – Perpetuals open interest fell 6.4%, signaling deleveraging. Institutional outflows – BTC ETF AUM dropped $3.1B (-2%) this week. 1. Whale Sell-Offs (Bearish Impact) Overview: Long-term Bitcoin holders ("OG whales") offloaded 17,265 BTC ($1.8B+) on November 3, including a single 13,000 BTC ($1.48B) transfer to exchanges. This follows a 56,000 BTC deposit by megawhales earlier in the week What it means: Such concentrated selling creates immediate supply overhang. Historically, whale deposits above 10,000 BTC correlate with 7-15% price declines 2. Derivatives Deleveraging (Mixed Impact) Overview: Perpetuals open interest fell 6.4% ($54B) in 24h, while funding rates turned negative (-0.00013674%). This signals traders are closing leveraged longs rather than opening new shorts. What it means: While reducing systemic risk, the lack of new short positions suggests weak conviction in a rebound. The 24h spot-perps ratio (0.23) remains near yearly lows, indicating minimal spot buying. 3. Regulatory Uncertainty (Bearish Impact) Overview: Hong Kong’s move to connect crypto exchanges to global order books (Bitcoinist) was overshadowed by INTERPOL’s $562M Africa crypto-terrorism bust and the Balancer protocol’s $128M hack. The Balancer exploit particularly rattled DeFi sentiment, with TVL dropping 46% in hours. Conclusion The sell-off reflects profit-taking by early BTC holders, reduced institutional participation, and event-driven risk aversion. With Bitcoin dominance at 60.16% (30d high), capital preservation remains the theme. Watch BTC’s $106,124 support – a breach could trigger altcoin capitulation$BNB
We now invite users to participate and vote on the second batch of Vote to List projects. The projects below are ranked according to the order of the official announcement.
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Vote Period: 2025-04-02 13:30 (UTC) to 2025-04-09 23:59 (UTC)
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🚨 The baby born to a couple in a ‘live-in-relationship’ sold for Rs 10,000
▪️The Ulhasnagar incident
☝️This is the bad effect of a live-in-relationship’. The institution of marriage in the Hindu dharma is confluence many beautiful aspects of life. It does not avoid the obligations & duties of ‘grahasthashram’, they r taken up in a happiness; but falling prey to the western concept of ‘live-in-relationship’ is destroying one’s own life.$BTC $ETH $BNB
🚨🇮🇳 India's Biggest Crypto Seizure: ₹1,646 Crore (above 189.4 million USD) Recovered ~~~~~~~~~~~~~~~~~~~~~~~~ Biggest-ever cryptocurrency seizure in India! The Enforcement Directorate (ED) has seized ₹1,646 crore worth of cryptocurrency in a mega money laundering investigation. This is the largest-ever seizure of virtual digital assets in the country. The ED has been investigating a fraud investment scheme where numerous depositors were duped in the name of securities investment. The scheme, known as BitConnect, promised investors returns as high as 40% per month using a proprietary trading bot. However, the ED found that these claims were false and that the accused had siphoned off investor funds for their own benefit ¹. In addition to the cryptocurrency seizure, the ED has also seized ₹13.50 lakh in cash, an SUV, and several digital devices. The agency had previously attached assets worth ₹489 crore in this case. This is a significant development in the ED's efforts to crack down on money laundering and financial fraud in India.