He favors unused addresses when migration is easy, while warning that AI could weaken cryptography designed to resist quantum attacks.
The position used 100 Bitcoin at an entry price of $82,962 after a 14-month absence from Hyperliquid.
We will also explore some of the possible reasons behind BTC's pullback.
User Bitcoin balances rose 0.91% between Sept. 1 and Oct. 1, while Ether, Tether and BNB holdings declined, according to Binance's October reserve data.
Bitcoin spot ETFs saw $487.07 million in net outflows on October 7, 2026, reversing the prior day's inflow. Cumulative net inflows stood at $61.23 billion.
Binance's latest Proof of Reserves data reveals a shift.
The withdrawals erased October's net inflows, while US Ether ETFs extended their outflow streak to seven sessions.
Total demand topped 14,000 BTC, while spot demand improved to roughly negative 17,000 BTC from negative 207,000 BTC on Sept. 20.
Bitcoin fell 1.8% in 24 hours to $82,652.75 early Thursday as U.S. spot Bitcoin ETFs posted net outflows on Oct. 7.
Rising oil prices and a 5.31% U.S. 10-year Treasury yield added pressure to risk assets amid intensifying Middle East tensions.
Bitcoin-backed lending is evolving into a mainstream source of credit, with borrowers using BTC to access liquidity without selling.
He said he had previously sold at $86,789 and $84,460 and reported cumulative returns of 35.1% in coins and a 98.6% U-based return.