The trader deposited 499,000 USD Coin (USDC) on Hyperliquid after more than six months away. The planned position has a liquidation price of $81,466.75.
Bitcoin's first daily close above $85,000 in 2026 came as trading activity remained weak and recent holders sent a larger share of coins to exchanges at a profit.
Bitcoins continue to leave exchange platforms. On Monday, October 5, net outflows reached 24,073 BTC in a single day, a record since March.
Large bids on Hyperliquid overlap with areas where leveraged long positions may be liquidated, potentially reducing visible support beneath the market.
Rolling 30-day new-money inflows reached $4.9 billion through Oct. 5, while Bitcoin's realized cap rose $12.8 billion.
Existing holders driving Bitcoin's value increase suggests potential market vulnerability, as reliance on internal trading may limit sustainable growth. Bitcoin monthly inflows near $5B, but existing holders did most of the lifting.
Glassnode's October 7 report puts the October 4 share at a one-year high, identifying potential supply during the breakout.
Bitcoin recently traded at $83,121 on Binance spot, while futures volume remains substantial and spot activity lags.
Second said no customer funds were affected and that it shipped a fix after identifying the attack within hours.
US spot Bitcoin ETFs saw $485M in outflows Wednesday, the most since June, while Ether ETFs extended their outflow streak to seven sessions.
In another cyber attack against a Bitcoin project, Second, the developer of an implementation of the Ark Protocol, confirmed it lost 0.75 BTC ($62,322) of its own funds in an exploit on Monday. Per the team, “no user funds were affected.” The attack was caught within hours, and a fix has been shipped.
As of October 8, SpaceX (NASDAQ: SPCX) holds 18,712 Bitcoin (BTC) on-chain, custodied through Coinbase Prime and worth $1.55 billion.