CoinEx News: The cryptocurrency market reeled from the "1011" event, with over $19 billion in futures contracts liquidated across exchanges. Bitcoin plunged to a low of around $102,000, while numerous altcoins saw their values plummet to near zero, sparking widespread panic among traders.
On-chain data reveals a silver lining amid the turmoil: Bitcoin holdings at the $111,315 cost basis surged from around 93,000 BTC last Friday to around 103,000 BTC today—an increase of about 10,000 coins. Though this dip-buying volume pales a bit compared to previous BTC corrections, it signals resilient optimism from bargain hunters. Adding fuel to the bullish narrative, a fresh Forbes report discloses that President Donald Trump ranks as one of America's top Bitcoin whales, with estimated holdings worth $870 million. As long as Trump remains in the White House, analysts suggest the BTC bull run may yet defy the bears and roar on.
