The situation in the Middle East is spiraling out of control. Will crypto and U.S. stocks plunge tomorrow? Here are my thoughts.
Following the U.S.-Iran conflict, fighting has flared up again between Saudi Arabia and Yemen. A Saudi airport was attacked, leaving 12 people dead and 309 injured, with many civilians affected. The biggest risk remains oil prices. The Strait of Hormuz is blocked, and Saudi Arabia relies on the Bab el-Mandeb Strait for its oil exports—but that area is controlled by the Houthis. An escalation in the conflict adds huge uncertainty to the market rebound.
My advice for next week is to be cautious. It’s not that crypto is weak; there are simply too many short-term headwinds: interest rate hikes, the U.S.-Iran dispute, U.S. debt issues, and now the fighting in Saudi Arabia. All we can do is hope for signs of de-escalation on Monday.
But from another perspective, despite all these negative factors, U.S. stocks have held steady, and BTC’s pullback has been relatively modest. That’s a sign of strength. We should stay patient and lie low. Once tensions ease or positive news comes through, a new market rally will begin.
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$LUMIA 4-hour death cross. Let’s look at it from the perspective of holding a position: The bullish momentum bars lasted for 12 four-hour candlesticks, which means bulls had been in control until now, and chasing the rally is starting to become difficult. After a period of gains, many positions are sitting on unrealized profits, so watch whether large players use the rebound to reduce their positions. Share your thoughts in the comments—perhaps we can find a new perspective.
Are funds flowing out of $MUBARAK ? Down 3.38% in 5 minutes; latest price: 0.07677. The moves of large investors are often first reflected in trading volume, with price following afterward. Keep leverage light to stay calm and make clearer decisions.
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On Monday, October 12, the main opportunities to watch are centered on XRP-related events and changes in APT's supply structure. XRP / XRPN (Evernorth Nasdaq listing) — Most prominent event Ripple-backed Evernorth (an XRP treasury company) has completed its merger with Armada Acquisition Corp. II, holding approximately 473 million XRP plus around $300 million in cash. XRPN is expected to begin trading on Nasdaq on October 12 (previously postponed from its original schedule due to administrative delays). This is the first major publicly traded pure-play XRP treasury vehicle, giving institutions direct exposure to the XRP ecosystem through shares and potentially boosting the institutional narrative and sentiment around XRP. A Nasdaq bell-ringing ceremony is also scheduled for October 14.
#XRP账本修复可增发XRP的漏洞 $SPCXB 📢 Crypto Brief — October 12
1️⃣ Trump announces a Russia-Ukraine “energy ceasefire”; BTC rebounds to 83,600 Geopolitical risks eased over the weekend, with BTC climbing from 82,000 to $83,554–$83,748 (+0.7%). The market is in wait-and-see mode ahead of the CPI release.
2️⃣ Brent crude tops $105; tensions remain in the Middle East Riyadh airport in Saudi Arabia was attacked again, leaving 1 dead and 11 injured. Iran released footage of an oil tanker hitting a sea mine in the Strait of Hormuz. The energy ceasefire applies only to Russia and Ukraine; risks in the Middle East remain.
3️⃣ ETH holds above 2,500; watch for a break above 2,600 ETH stabilized after $165 million in liquidations, but ETFs have seen net outflows for nine consecutive days, with institutions continuing to reduce their holdings. Its rebound is weaker than BTC’s.
4️⃣ Countdown to BNB’s 37th burn (expected October 15) Around 1.65 million BNB are expected to be burned. BNB is currently around $750, with institutional targets at $836–$842. CZ previously posted a meme hinting at “BNB szn.”
5️⃣ Over 57,000 liquidations in 24 hours; Wednesday’s CPI to set the direction Overall market leverage remains high. The U.S. September CPI release on October 14 is this week’s biggest event. A higher-than-expected reading could send prices toward 77,000, while a lower-than-expected figure could trigger a rebound.$NVDAB