Bitcoin’s drop to around $108.6K wasn’t caused by one big headline. It was a mix of things:
• A leverage flush: many traders were long with high leverage; as price dipped, forced liquidations kicked in and pushed it lower.
• Softer ETF demand: recent days saw less net buying from the U.S. spot Bitcoin ETFs, so there was less support on dips.
• Options expiry effect: a large options expiry this week pulled price toward crowded strike levels as dealers hedged.
• Macro risk-off: a stronger U.S. dollar and nerves around upcoming inflation data made risk assets, including BTC, weaker.
• A leverage flush: many traders were long with high leverage; as price dipped, forced liquidations kicked in and pushed it lower.
• Softer ETF demand: recent days saw less net buying from the U.S. spot Bitcoin ETFs, so there was less support on dips.
• Options expiry effect: a large options expiry this week pulled price toward crowded strike levels as dealers hedged.
• Macro risk-off: a stronger U.S. dollar and nerves around upcoming inflation data made risk assets, including BTC, weaker.
A whale recently created a new wallet (0xb0a0) and deposited $4 million USDC into #Hyperliquid, signaling a major move to accumulate $HYPE.
So far, the wallet has purchased 58,778 $HYPE worth approximately $2.89 million.
https://hypurrscan.io/address/0xb0a0f97898682E3c0A83633DF67E67249d6B12fa
So far, the wallet has purchased 58,778 $HYPE worth approximately $2.89 million.
https://hypurrscan.io/address/0xb0a0f97898682E3c0A83633DF67E67249d6B12fa
Trade Setup: HEMI/USDT (Long)
Exchange: Binance
Entry Points:
• Breakout Entry: $0.01042 (buy on confirmed breakout above resistance)
Stop Loss:
• $0.0098 (tight stop))
Targets:
• $0.01087
• $0.01167
• $0.01200
Trade Reasoning:
• Price has been consolidating in a tight range after a steep drop, forming a clear horizontal resistance at $0.01042.
Exchange: Binance
Entry Points:
• Breakout Entry: $0.01042 (buy on confirmed breakout above resistance)
Stop Loss:
• $0.0098 (tight stop))
Targets:
• $0.01087
• $0.01167
• $0.01200
Trade Reasoning:
• Price has been consolidating in a tight range after a steep drop, forming a clear horizontal resistance at $0.01042.
Pro Analysis
Trade Setup: HEMI/USDT (Long) Exchange: Binance Entry Points: • Breakout Entry: $0.01042 (buy on confirmed breakout above resistance) Stop Loss: • $0.0098 (tight stop)) Targets: • $0.01087 • $0.01167 • $0.01200 Trade Reasoning: • Price has been consolidating…
There we are at our target 2 Zone 83% gain🔥
Grayscale makes another major move — staking 857,600 ETH (~$3.83B) through ETHE and the ETH ETF today.
This signals growing institutional confidence in Ethereum’s long-term potential and the broader staking ecosystem.
This signals growing institutional confidence in Ethereum’s long-term potential and the broader staking ecosystem.
Whale 0x2fcf withdrew 5,090 $BNB ($6.65M) from #Binance and spent 3,475 $BNB ($4.54M) aping into random memecoins.
He’s now sitting on an unrealized loss of ~$1.2M.
Even whales get rekt. 🐋
He’s now sitting on an unrealized loss of ~$1.2M.
Even whales get rekt. 🐋
BREAKING: Over $3,000,000,000 liquidated from the crypto market in the past 60 minutes.
Market crash reason
Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods.
Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods.
After the recent market crash, Bitmine (BitMNR) appears to have made a massive accumulation move — purchasing 128,718 ETH, worth approximately $480 million.
Blockchain data indicates that six new wallets, likely linked to Bitmine, collectively withdrew 128,718 ETH from FalconX and Kraken.
Suspected Bitmine Wallets:
• 0x33233d0a16Fd4Ae6C2f4Fd2adA1E0764F0D622e3
•
Blockchain data indicates that six new wallets, likely linked to Bitmine, collectively withdrew 128,718 ETH from FalconX and Kraken.
Suspected Bitmine Wallets:
• 0x33233d0a16Fd4Ae6C2f4Fd2adA1E0764F0D622e3
•
market’s been shaking out weak hands, but I’m seeing opportunity here.
BTC’s key support zones:
$108K and $103K — both have acted as a strong floor multiple times. A break below them could signal a short-term top, but until then, I’m staying constructive.
The recent liquidation cascade was exactly what the market needed — it flushed excess leverage and set us up for a cleaner move higher. My stance remains unchanged: Q4 looks bullish.
I’m expecting markets to stabilize and recover over the next 1–2 weeks, gradually pushing toward new highs by late October and November.
Macro conditions still support the case — rate cuts are on the horizon, liquidity is improving, and overall sentiment will likely turn risk-on again soon.
BTC’s key support zones:
$108K and $103K — both have acted as a strong floor multiple times. A break below them could signal a short-term top, but until then, I’m staying constructive.
The recent liquidation cascade was exactly what the market needed — it flushed excess leverage and set us up for a cleaner move higher. My stance remains unchanged: Q4 looks bullish.
I’m expecting markets to stabilize and recover over the next 1–2 weeks, gradually pushing toward new highs by late October and November.
Macro conditions still support the case — rate cuts are on the horizon, liquidity is improving, and overall sentiment will likely turn risk-on again soon.
BTC Update 13th October
That drop was brutal, one of the most aggressive I’ve seen. It wiped out countless positions in hours and reminded us that macro volatility can override any TA. Always protect your capital first.
BTC’s daily candle closed above the 0.382 Fib, which is a positive sign. Price is now struggling near the Quarterly VWAP, and a clean reclaim of 115.4K could open the path toward 117.5K (POC resistance).
On the downside, 111.5K remains key support, aligning with daily support and Value Area Low. The structure is still fragile but slowly recovering. The next few daily closes will decide if BTC can sustain this bounce.
That drop was brutal, one of the most aggressive I’ve seen. It wiped out countless positions in hours and reminded us that macro volatility can override any TA. Always protect your capital first.
BTC’s daily candle closed above the 0.382 Fib, which is a positive sign. Price is now struggling near the Quarterly VWAP, and a clean reclaim of 115.4K could open the path toward 117.5K (POC resistance).
On the downside, 111.5K remains key support, aligning with daily support and Value Area Low. The structure is still fragile but slowly recovering. The next few daily closes will decide if BTC can sustain this bounce.
Coin:
AGLD/USDT
Position:
Long
Exchange:
Binance / Bitget
Entry Points:
1. $0.4700 (50%)
2. $0.4310 (50%)
Targets (small, quick):
1. $0.490
2. $0.515
3. $0.550
Stop Loss:
$0.4130 (hard stop)
• Sharp capitulation → V-recovery; buyers defended $0.42–0.44 demand.
• Playing mean reversion into nearby supply; first resistances sit at $0.49 / $0.515 / $0.54.
AGLD/USDT
Position:
Long
Exchange:
Binance / Bitget
Entry Points:
1. $0.4700 (50%)
2. $0.4310 (50%)
Targets (small, quick):
1. $0.490
2. $0.515
3. $0.550
Stop Loss:
$0.4130 (hard stop)
• Sharp capitulation → V-recovery; buyers defended $0.42–0.44 demand.
• Playing mean reversion into nearby supply; first resistances sit at $0.49 / $0.515 / $0.54.
Members, markets are expected to be quite volatile. I strongly suggest avoiding leveraged trading for now, mainly due to the ongoing China U.S. tariff tensions. Once things stabilize, I’ll share further updates.
$BTC Update
Bitcoin just broke down impulsively below the trendline exactly what I’ve been pointing out in the past few updates. The move looks aggressive, and so far, there’s barely been any recovery attempt. Historically, when we see this kind of slow bleed after a strong move, it’s rarely a good sign.
Right now, the only potential bullish scenario I can see is if BTC does a liquidity sweep around either the $102K or $98.2K lows. That would flush out weak hands before a possible bounce.
But here’s the key point if we get a daily close below $98.2K, that would confirm a CHOCH (Change of Character) or MSS (Market Structure Shift) on the higher timeframe. That would be the first structural shift since October 2023 and would likely mark the end of this bull phase.
The latest sell-off seems to have been triggered after the BOJ hinted at continuing interest rate hikes. We saw a similar situation back on August 5th, 2024, when BTC dropped from $58K → $49K after the rate hike news. The difference then was that price only swept the previous major low and bounced strongly, forming a Swing Failure Pattern (SFP) meaning the structure stayed intact.
If BTC repeats that behavior a clean liquidity sweep without a close below $98.2K l that could turn out to be a very strong buy zone rather than a structural breakdown.
In short:
• Below $98.2K = structural shift → bearish confirmation.
• Sweep and recovery above $98.2K = potential bottom and strong buy signal.
Bitcoin just broke down impulsively below the trendline exactly what I’ve been pointing out in the past few updates. The move looks aggressive, and so far, there’s barely been any recovery attempt. Historically, when we see this kind of slow bleed after a strong move, it’s rarely a good sign.
Right now, the only potential bullish scenario I can see is if BTC does a liquidity sweep around either the $102K or $98.2K lows. That would flush out weak hands before a possible bounce.
But here’s the key point if we get a daily close below $98.2K, that would confirm a CHOCH (Change of Character) or MSS (Market Structure Shift) on the higher timeframe. That would be the first structural shift since October 2023 and would likely mark the end of this bull phase.
The latest sell-off seems to have been triggered after the BOJ hinted at continuing interest rate hikes. We saw a similar situation back on August 5th, 2024, when BTC dropped from $58K → $49K after the rate hike news. The difference then was that price only swept the previous major low and bounced strongly, forming a Swing Failure Pattern (SFP) meaning the structure stayed intact.
If BTC repeats that behavior a clean liquidity sweep without a close below $98.2K l that could turn out to be a very strong buy zone rather than a structural breakdown.
In short:
• Below $98.2K = structural shift → bearish confirmation.
• Sweep and recovery above $98.2K = potential bottom and strong buy signal.
A mysterious whale wallet 0x579f has deposited $2.91M USDC into #Hyperliquid over the last 48 hours — taking massive leveraged bets across three major assets:
• Short 232 BTC (~$25M)
• Short 5,810 ETH (~$22.7M)
• Long 44.79M ENA (~$21.3M)
That’s a combined open position of nearly $70M, signaling a strong rotation from majors to ENA.
https://hypurrscan.io/address/0x579f4017263b88945d727a927bf1e3d061fee5ff
• Short 232 BTC (~$25M)
• Short 5,810 ETH (~$22.7M)
• Long 44.79M ENA (~$21.3M)
That’s a combined open position of nearly $70M, signaling a strong rotation from majors to ENA.
https://hypurrscan.io/address/0x579f4017263b88945d727a927bf1e3d061fee5ff
$BTC UPDATE
Bitcoin is still facing strong resistance around $110K–$112K, so patience makes more sense than forcing longs here.
Stablecoin Dominance remains strong, bouncing off support and the 1D 12 EMA — meaning downside risk for BTC is still open. Until it breaks below 8.6–8.4% with a clean 4H close, chances of a sweep toward $98K–$102K remain.
A new 4H ascending trendline on dominance confirms short-term strength, but once that breaks, momentum may shift. For now, Bitcoin needs a solid close above $112K to flip structure bullish.
On the macro side, Trump’s comment about tariffs possibly rising to 155% from Nov 1 keeps uncertainty high — so expect choppy moves until clarity returns.
Bitcoin is still facing strong resistance around $110K–$112K, so patience makes more sense than forcing longs here.
Stablecoin Dominance remains strong, bouncing off support and the 1D 12 EMA — meaning downside risk for BTC is still open. Until it breaks below 8.6–8.4% with a clean 4H close, chances of a sweep toward $98K–$102K remain.
A new 4H ascending trendline on dominance confirms short-term strength, but once that breaks, momentum may shift. For now, Bitcoin needs a solid close above $112K to flip structure bullish.
On the macro side, Trump’s comment about tariffs possibly rising to 155% from Nov 1 keeps uncertainty high — so expect choppy moves until clarity returns.