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The new positions held 14,583 ETH and 117,871 HYPE, with a combined stated value of about $42.9 million.

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Solana's transaction surge highlights scalability but raises questions on genuine user growth versus automated trading activity. Solana records 3.3B successful transactions in October.

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The position covers 93.67 BTC and has an estimated liquidation price of $77,435.21. The trader's prior losses exceed $38 million.

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Ethereum (ETH) continues to face selling pressure as substantial outflows from BlackRock's spot Ethereum exchange-traded fund (ETF) raise fresh concerns about institutional demand for the second-largest cryptocurrency. BlackRock's iShares Ethereum Trust ETF (ETHA) reportedly recorded outflows totaling 580,145 ETH over the past month, according to SoSoValue. The reported withdrawals come as Ethereum struggles to regain bullish momentum, with several technical indicators suggesting that sellers remain in control. Meanwhile, the Ethereum Foundation is expanding its efforts to attract government and institutional adoption, although these developments have yet to translate into a meaningful improvement in market sentiment.