The crypto market slipped into the red on October 29, 2025, following a wave of profit taking and macro jitters after the Fed’s latest rate cut. Bitcoin dropped below $68K, while Ethereum slid to $2,430, marking a 4% daily decline. 🔻
What’s catching everyone’s attention, though, is a massive whale move an early Ethereum holder reportedly opened $50 million in ETH shorts on major exchanges. On chain data shows the same address has been dormant since 2017, fueling speculation that the OG investor is betting on a deeper correction before Ethereum’s next leg up. 🧐💣
Altcoins followed suit, with Solana, Avalanche, and TON all posting mid single digit losses. Analysts point to rising volatility and fear that short term liquidity tightening could spark more downside. Yet, others argue that whale shorting may be a setup not a sell off, as big players often position early before bullish reversals. 🧠💥
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