Bitcoin dropped 2.1% in the last 24 hours and remains under pressure even as the US government shutdown eases; a well-known crypto trader attributes the slide to lingering macro and liquidity factors. Ethereum is also drifting lower, signaling broader risk-off sentiment in crypto markets.

An on-chain trader known as 0x9263 posted a stunning streak on Hyperliquid, pocketing over $31 million after 20 consecutive wins since October 1. The run has drawn attention to liquidity, risk models, and potential algorithmic strategies behind such precision.

The trader known as qwatio has experienced eight liquidations within a week, recently including a partial liquidation of an Ether position leveraged 25 times. This highlights the high risks involved in leveraged crypto trading.