Bitcoin long positions saw liquidations exceeding $2.8 billion over the past two days, Bitfinex data show. The cryptocurrency fell more than 10.4% during this period, dropping below $99,045 and breaching the October 10 low, while overall market capitalization contracted by $280 billion. Open interest declined to $69.3 billion from $92 billion in early October. Buyers entered the market after the price broke below $100,000, suggesting the deleveraging process may be nearing completion, according to the report.

The Federal Reserve could halt its rate reduction cycle next month as a U.S. government shutdown disrupts official economic data releases, First Abu Dhabi Bank analysts Simon Ballard and Almaha Alnuaimi said on Nov. 6. The analysts noted the shutdown uncertainty may strengthen the case for a December pause, despite objections from board member Michelle Bowman. Fed Chair Jerome Powell indicated following last week's 25 basis point cut that a December reduction is not guaranteed, Jin10 reports.

Polymarket data show the probability of Stable issuing a token in 2024 reached 97% as of November 6. Binance announced it will list STABLEUSDT perpetual contract for pre-launch trading on November 6 at 20:00 UTC+8, with leverage up to 5x.

BlackRock transferred 4,652.87 BTC valued at $478.51 million and 57,455 ETH valued at $194.86 million to Coinbase on November 6, on-chain data show. The combined deposit totaled approximately $678 million across both digital assets.

A whale wallet opened a 40x leveraged long position on Bitcoin valued at $23.05 million at $102,700, on-chain analyst Yu Jin reported on Nov. 6. The position has a liquidation price of $101,400 and used the trader's remaining $570,000 in capital after five consecutive losing trades. The trader had lost $1.4 million shorting ETH the previous evening and withdrew additional capital from the trading platform to add to the position.

Coinbase Europe Limited will pay €21.5 million to the Central Bank of Ireland to settle violations related to technical coding errors in its transaction monitoring systems during 2021 and 2022, the company announced on Nov. 6. The errors affected the platform's cryptocurrency transaction surveillance systems. The Central Bank calculated the penalty based on Coinbase's average annual revenue of €417 million from 2021 to 2024.

A trader deposited 7 million USDC to Hyperliquid via a newly created wallet and opened short positions on Bitcoin and XRP with 20x leverage, Lookonchain reports. The positions total 1,129 BTC (approximately $116 million) and 8,888,888 XRP (approximately $20.35 million). The trader also uses Roobet and Stake platforms.

The wallet machismallbrother.eth deposited 1 million USDC to Hyperliquid on November 6 and opened a 10x leveraged long position on 2,900 ETH worth approximately $9.8 million, Lookonchain data show. The wallet has recorded total profits exceeding $8.9 million and remains in profitable territory.

A whale address (0x96e) specializing in ZEC longs added 2,000 ZEC over a 5-hour period on November 6, bringing total holdings to $16.33 million with an unrealized profit of $2.86 million (87%) at an average entry of $424, on-chain AI analytics tool CoinBob data show. The address deposited $2.21 million to Hyperliquid over the past 3 days, opened 5x leveraged long positions, and continuously rolled positions to double the principal within 3 days, now holding the largest ZEC long contract on the platform. The largest ZEC short position holder (0xd47) on Hyperliquid has accumulated an unrealized loss of $11.3 million since establishing the position on October 11, with holdings reaching $26.02 million through continued averaging during price increases without any closures.