Bitcoin faces over $35M in sell orders between $85K and $89K, analyst BATMAN warns, as BTC holds near $83K ahead of a potential breakout.
Michael Saylor's Oct. 11 post suggested Strategy may buy more Bitcoin, but did not confirm a transaction, amount or timetable.
An exploit created about 4,000 unbacked Liquid Bitcoin, leaving roughly 602 BTC outstanding after most of the withdrawn reserves were returned.
The halted redemptions highlight the critical need for robust security and full reserve backing in maintaining trust in sidechain models. Liquid Network halts Bitcoin redemptions with reserves at about 86% coverage.
Michael Saylor is back in action ahead of the new trading week in financial markets. On October 11, 2026, the head of Strategy Inc. posted a fresh treasury chart featuring 117 purchase dots and his favorite phrase: "There's always room for more orange.
A long position on Hyperliquid and a short CME futures position may be economically hedged while margin is assessed through separate venue and account frameworks.
Here's a hypothetical situation: a hedge fund is making money, but one of its exchanges is about to liquidate its position anyway. Bitcoin has fallen, its short position on CME is profitable, and the matching long on Hyperliquid is bleeding cash.
Bitcoin ETFs have seen $386.3 million in net outflows through the first seven trading days of October, while Ethereum funds have now posted nine straight days of losses.
An estimated 603 BTC reserve shortfall remains, while peg-outs require full backing and completed security reviews before restarting.
Bitcoin rose 0.92% to $83,902 during the same hour, while total liquidations across the three exchanges reached $14.34 million.
The attacker still holds 598.5 Bitcoin worth about $49.69 million, while Liquid's support level stands at 86%.
About 3,400 BTC was returned after the Sept. 6 exploit, but Liquid still requires full one-to-one backing, testing and security reviews before restoring peg-outs.