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- 🧠⚡ Miners Pivot to AI as $1B Liquidations Bite
🧠⚡ Miners Pivot to AI as $1B Liquidations Bite
Bitcoin miners navigate a turbulent market landscape, pivoting to AI infrastructure amid $1B liquidations, revealing strategic resilience and technological transformation in the digital economy.
Dr. P
November 04, 2025
In partnership with
🧠⚡ Miners Pivot to AI as $1B Liquidations Bite
Hello there you embodiment of curiosity;
Welcome to today's edition of Osiris News, if you’re staring at the charts and feeling a cold draft, you are not alone. The market is shivering from the brutal math of leverage. Over $1 billion in liquidations swept through order books. The Crypto Fear & Greed Index sits at 21. It is a brittle quiet after a loud, painful crack.
The story today is divergence. The surface is frozen in fear while, below it, capital is pouring into long-dated infrastructure. One screen shows Bitcoin battling to hold $104,000. Another shows fifteen-year, multi-billion contracts to power data centers through 2040. Today, both matter.
🔍 Quick Overview
Miner’s New Gold Rush: Bitcoin miners pivot to AI, inking multi-billion GPU and data-center deals with Microsoft and AWS to monetize power and racks more reliably than hash rate.
Fed’s Shifting Sands: Trump is courting rate-cut doves for Fed Chair while Treasury Sec. Bessent pushes to curb the bank’s reach, sharpening the policy path ahead.
Crypto’s Cold Shower: Over $1B in liquidations and ETF outflows slam risk, driving sentiment to “Extreme Fear” as BTC leads the drawdown.
Capital’s Steady Flow: Despite the chop, big rounds and M&A keep landing across crypto, especially in biotech tie-ins and institutional lending.
DeFi’s Double Take: A $128M Balancer exploit spotlights smart-contract risk even as DEX volumes notch record highs, proving traders aren’t leaving the arena.
Another leg down as selling pressure followed through from yesterday. The bids that tried to stabilize the move didn’t hold, so the drop broadened and deepened, with each asset sliding a bit further in the same direction. It has the feel of the market letting the correction finish its course rather than actively fighting it yet.
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Trending News
Bitcoin fell below $104,000, triggering $1.37 billion in leveraged liquidations, predominantly from long positions. This broad market retreat reduced total crypto market capitalization by $100 billion, reflecting increased risk aversion. The downturn signals waning investor conviction and a fragile market state, with the Crypto Fear & Greed Index falling to 21.
Bitwise and Grayscale announced fee structures for proposed XRP and Dogecoin ETFs, pushing for launch without explicit SEC approval. This non-traditional route is facilitated by a government shutdown and new SEC guidance on S-1 filings. Market watchers anticipate the first spot XRP ETFs within two weeks, signaling a significant shift in regulatory sentiment towards crypto.
U.S. spot Solana ETFs launched, attracting $421 million in net inflows, the second-highest weekly inflow for Solana-based products. Despite strong capital attraction, Solana's token (SOL) fell nearly 20% in the week following the launch. The ETF launch successfully attracted capital, but the immediate impact on SOL's valuation is complex, possibly due to a "sell the news" event.
Nasdaq-listed biotech company Tharimmune Inc. announced a $540 million private placement raise to establish a digital asset treasury strategy. This strategy centers around Canton Coin, which powers the Canton Network for regulated institutions. This move signals increasing institutional adoption of blockchain technology beyond cryptocurrencies and suggests a potential shift in corporate treasury management.
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Beyond the Noise
The headline is not price. It is power and purpose. Bitcoin miners are refitting for the AI era, turning power-dense campuses into compute landlords. IREN signed a $9.7 billion five-year capacity deal with Microsoft for the newest Nvidia chips. Cipher Mining followed with a $5.5 billion, fifteen-year agreement with AWS for a 1 GW HPC campus. Core Scientific, TeraWulf, HIVE and others are on similar paths. Hosting AI hardware offers steadier cash flows than hash price. The sector is shifting from prospectors to utilities.
All of this unfolded while traders were carried out. More than $1 billion in liquidations. US BTC ETF outflows near $946 million. Polymarket puts a 74% chance on BTC slipping below $100,000 by 2026. Those numbers are blown accounts as much as they are statistics.
Macro is the other weight. Wall Street warns on stretched valuations. The search for the next Fed Chair has begun. The preferred names skew dovish on rates, yet Treasury Secretary Scott Bessent wants tighter limits on balance-sheet expansion. The market is caught between hoping for lower rates and fearing the end of easy money.
Still, capital keeps moving. Tharimmune raised $540 million from ARK and Kraken to build a Canton Coin treasury. Lava secured $200 million for bitcoin-backed lending. Ripple bought wallet firm Palisade to deepen institutional services. MicroStrategy added 397 BTC for $45.6 million. Builders are building, regardless of sentiment.
Privacy coins staged their own rally. Zcash (ZEC) jumped 43% on the week. Dash (DASH) soared 184%. Sovereignty themes find bid when uncertainty rises. Crypto remains a set of parallel narratives, not a single tape.
Risk is not theoretical. Balancer suffered a $128 million exploit across seven chains, and Berachain halted to coordinate a fix. Yet DEX activity hit a record $614 billion in October. On-chain trading is growing even as platforms face high-wire risks.
This Caught My Eye:
Here’s a breakdown:
Tech led the sell-off, with semiconductors and software seeing the sharpest drawdowns , a sign of position unwinding after crowded upside.
Defensive sectors (healthcare, staples, utilities) held up better, showing rotation into safety rather than broad panic.
Looking Ahead
Two forces pull in opposite directions. Short term, fear dominates. Charts look heavy. Macro is uncertain. Flows are fragile.
Long term, the foundation is changing. Miners are becoming compute landlords for AI. Venture and corporates are funding rails, not headlines. The question for the next stretch is simple: do near-term headwinds stall the buildout, or does sustained construction pull the market forward anyway? The ground is shifting. Old maps will not help.
Until tomorrow,
- Dr.P
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