Trading

Limitless's native token LMTS fell over 58% on October 22, hours after its token generation event. On-chain data show a team-controlled wallet sold $1.4M worth of tokens, triggering a price collapse from $0.35 to $0.20. The project's founder attributed the activity to an on-chain market-maker strategy using concentrated liquidity on Aerodrome.

Bitcoin trades around $107,600, reflecting a 0.7% decline over 24 hours and a 4.8% drop over the past week, data show. The cryptocurrency has struggled to regain momentum after briefly surpassing $112,000. Analysts remain divided on whether Bitcoin will rebound or face deeper correction, with on-chain metrics presenting mixed signals.

Hyperliquid Strategies filed an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday to raise up to $1 billion through a public stock offering. The digital asset treasury company plans to use proceeds to acquire HYPE tokens and expand its holdings in the Hyperliquid ecosystem. Chardan Capital Markets will advise on the transaction.

BlackRock acquired 1,884 BTC on October 21 in a transaction worth approximately $200 million. The purchase brought the fund's total Bitcoin holdings to 803,200 BTC, valued at roughly $86.5 billion, data show. The acquisition occurred as Bitcoin declined nearly 3% to an intraday low of $107,552, erasing weekend gains.

Ethereum traded near $3,800 on October 22, down nearly 18% from above $4,700 in early October. Technical indicators showed 19 of 30 signals in sell territory, with the Fear & Greed Index at 25 (Extreme Fear). The RSI at 41.62 suggested the selloff may be nearing exhaustion.

A major Bitcoin holder has initiated a $235 million short position with 10x leverage at $111,190, following reported profits of $200 million from BTC's recent drop to $100,000. The position faces liquidation risk if Bitcoin rises above $112,368. Separately, another large trader known as the "Trump insider" has expanded his short to 2,100 BTC worth approximately $227 million.