What happened last night? 🌝 📅 Today marks the first anniversary of the October 10, 2025 crash. On that day, over $19 billion in positions were liquidated within 24 hours. Current leverage remains significantly lower than at that time. 💥 Approximately $1.1 billion in positions were liquidated in 24 hours, with $1.05 billion on longs—the highest total since August. 📤 Short-term holders transferred 55,600 bitcoins to exchanges at a loss on Thursday. While transferring to an exchange doesn’t necessarily mean a sale, the volume exceeds that of June’s pullback. 🏦 Bitcoin spot ETFs recorded another $244 million in outflows on Thursday, following $485 million on Wednesday. October is now firmly in negative territory. 🔗 Anchorage Digital has joined Hashi, Sui’s corporate treasury program. Two pathways will allow businesses to use Bitcoin as collateral starting this month. Have a great morning!