In the past hour, total liquidations across the network reached $13.37 million, with $12.50 million from long positions, with $861,004.03 from short positions. BTC liquidation $711,128.69, ETH liquidation $1.35 million.

BlockBeats news, October 28: Michael Saylor published a post refuting the view that AI threatens cryptocurrency, stating, 'If AI can attack encryption applications, there's no reason to hold Bitcoin, just as the fact that AI can attack communication apps doesn't mean there's no reason to speak English.'

Odaily Planet Daily News: According to alicharts monitoring, despite Bitcoin's rise of over 1% today, it remains highly likely to experience a significant drop due to the FOMC meeting. Data shows that Bitcoin's whale group has recently realized profits of approximately $156 million, increasing potential selling pressure. In the past 24 hours, the whale group reduced holdings by about 8,162 BTC, worth roughly $664 million. alicharts stated this indicates large holders are reducing exposure ahead of the FOMC decision. The current key support level for Bitcoin is near $81,000, where nearly 1 million BTC previously traded according to URPD; if breached, attention should shift to $77,000 and $67,000. To turn bullish, Bitcoin must break above $84,500, a level where around 620,000 BTC previously traded. Additionally, recent patterns between FOMC meetings and Bitcoin price volatility show that Bitcoin typically experiences less than 1% movement within the first hour after the meeting, with clearer direction emerging within the next 24 hours and often persisting for up to a week.

Odaily Planet Daily News: Michael Saylor posted that he believes artificial intelligence (AI) could attack crypto applications, thus there's no reason to hold Bitcoin, just as one wouldn't stop speaking English because AI could attack communication apps. Saylor uses this analogy to counter the argument that links AI's ability to attack applications directly to Bitcoin's holding value.

Odaily Planet Daily News: European stock exchange operator Euronext has suspended trading of CoinShares Zcash ETP until further notice. The product was originally scheduled to make its debut on Euronext Paris on Wednesday, but the suspension was due to unmet settlement operation requirements. Euronext stated that trading will resume only after the central securities depository (CSD) is fully capable of supporting standard settlement operations. This pause delays the fourth Zcash-based ETP listing in Europe. (Cointelegraph)