According to Odaily Planet Daily, Galaxy Digital's Head of Research, Alex Thorn, stated in an interview with CNBC that while there was strong optimism surrounding Bitcoin at the beginning of the year, attention has been somewhat diverted as investors have shifted their focus to areas such as AI, nuclear energy, quantum technology, and gold. He emphasized that "attention will come back to Bitcoin, it always does," and believes Bitcoin is entering a more mature era. Thorn remains bullish on Bitcoin in the long term but has lowered Galaxy Digital's year-end price target from $185,000 to $120,000. He also mentioned that recent analysis from JPMorgan analysts suggests that increased volatility in gold makes Bitcoin relatively more attractive. (Cointelegraph)

Odaily Planet Daily reports that Rails, the on-chain perpetual contract platform, announced on its X platform that the second phase of its points program is now live, distributing 300,000 Rails points to users weekly. Previously, Rails announced in early June that it had completed a $14 million funding round, led by Slow Ventures.

Huoxun Finance News, November 9th - Re7Labs released a report on the impact of the xUSD de-pegging, indicating that over $13 million in funds were affected by StableLabs. The report states: Stream-xUSD: The Stream CEO has assured that the company's financial situation is stable and unaffected by market events. Stream has already partially repaid its lending positions on Plasma and $7 million worth of USDC in Re7Labs' Worldchain vault. Simultaneously, to prevent further risk exposure, Re7Labs has transferred all funds from the Earn vault out of the xUSD market. Furthermore, the cap on the xUSD market has been set to 0, and it has been removed from the EulerEarn vault's supply queue. 2. Elixir-deUSD and sdeUSD: After discovering last week that borrowers using deUSD and sdeUSD as collateral appeared to be associated with Stream, they began reducing their exposure to Stream and Elixir. Specific measures included lowering investment limits and moving funds out of markets containing xUSD, deUSD, and sdeUSD. Current borrowing positions using sdeUSD as collateral have been fully repaid on Plume. 3. StableLabs-USDx and SUSDx: This week, communication was conducted with StableLabs CEO Flex, who may be facing difficulties. Liquidity has been requested to allow users to liquidate their positions. The amount affected by StableLabs is approximately $13,114,000, and no response has been received yet. Re7Labs stated they are seeking legal advice and will develop appropriate legal and strategic responses after a comprehensive assessment of all aspects of the situation.

Huoxun Finance reported on November 9th that, according to Cryptoslate, regarding a chart shared by Charles Edwards, co-founder of Capriole Investments, on the X platform, suggesting that Bitcoin OGs are cashing out, on-chain analyst Willy Woo tweeted that every move of OG should not be interpreted as a sell-off. He pointed out three key factors often mistaken for sales but likely unrelated to price-driven liquidations: Address Upgrades: Many OG holders are moving tokens from traditional addresses to Taproot addresses for security (not for cashing out). Custody Rotations: Tokens may be transferred to institutional custody (such as SygnumBank) for better protection against physical theft and lockpicking, or as collateral for lending without requiring a sale. Treasury Participation: Some "OG" tokens are being transferred to equity packaging companies or treasury companies, allowing holders to leverage, borrow, or optimize their holdings without triggering a taxable sale. Woo pointed out that on-chain data only shows the "transfer" of tokens and does not reflect the true intentions behind the transactions. Therefore, despite the charts showing that Bitcoin's top players are "selling off," the resilience shown by the price during this massive sell-off highlights the market's ability to absorb it.

According to data from Hyperbot, as reported by Odaily Planet Daily, the "Whale with a 100% win rate" closed all its Bitcoin long positions six hours ago, resulting in a weekly loss of approximately $39.749 million. Simultaneously, its win rate also dropped significantly, with 7 out of 23 trades resulting in losses (all this week), bringing its overall win rate down to 69.57%.