Everyone is staring at the 87K sell wall. The big money is looking somewhere else.
Saylor just posted "More orange than ever" โ Strategy's classic pre-filing tease. They already hold 847,666 BTC at an average of 75,437, worth about 72.2B. Nothing confirmed yet, but Monday filings have a habit of telling the story.
And on-chain: reported Glassnode data shows whale net deposits to exchanges ended a 3-month streak back in late August. Coins keep moving OFF exchanges, not onto them. ETF flow cooled to 82.9M last week โ but the exchange wallet flow says distribution isn't the game here.
Contrarian read: 87.4K isn't a ceiling built by sellers. It's a ceiling built by people too impatient to wait for the buyers who never left. ๐
$BTC $ETH
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Everyone is focused on the 87K sell wall. The big money is looking elsewhere.
Saylor just posted "More orange than ever" โ Strategy's classic pre-filing tease. They already hold 847,666 BTC at an average price of 75,437, worth about 72.2B. Nothing has been confirmed yet, but Monday filings have a habit of telling the story.
And on-chain: media-reported Glassnode data shows that whale net deposits to exchanges ended a 3-month streak in late August. Coins are moving OFF exchanges, not onto them. ETF flows cooled to 82.9M last week โ but exchange wallet flows say distribution isn't the game here.
Contrarian read: 87.4K isn't a ceiling built by sellers. It's a ceiling built by people too impatient to wait for buyers who never actually left. ๐
Bars ABOVE price = shorts. Push price up and they get squeezed โ forced buybacks accelerate the move. Bars BELOW price = longs. Drop price down and they get cascaded โ forced selling accelerates the drop.
Price is a magnet for the brightest zones. Whales hunt where liquidations cluster.
Right now on the BTC heatmap (PerpDEX Wars data): - Mapped liquidity: 905.6M โ 66% sits BELOW as longs (598.7M), only 34% above as shorts - Biggest cluster: 331.6M of longs at ~82,598 (-4.5%) - Nearest shorts: 86,922 (+0.5%), then a 241.1M wall at 87,355โ88,220
The last 24h already proved it: 22.16M in shorts got liquidated, up 1304% โ that squeeze is what pushed BTC through 86K.
Read: the long side is crowded and exposed below, shorts are thin above 87K. The map doesn't say WHEN price moves โ only WHERE the fuel sits. Size your leverage accordingly.
Bars ABOVE price = shorts. Push price up and they get squeezed โ forced buybacks accelerate the move. Bars BELOW price = longs. Drop price down and they get cascaded โ forced selling accelerates the drop.
Price is a magnet for the brightest zones. Whales hunt where liquidations cluster.
Current conditions on the BTC heatmap (PerpDEX Wars data): - Mapped liquidity: 905.6M โ 66% sits BELOW as longs (598.7M), only 34% above as shorts - Biggest cluster: 331.6M of longs at ~82,598 (-4.5%) - Nearest shorts: 86,922 (+0.5%), followed by a 241.1M wall at 87,355โ88,220
The last 24 hours have already proved it: 22.16M in shorts were liquidated, up 1304% โ this squeeze is what pushed BTC through 86K.
In other words: the long side is crowded and exposed below, while shorts are thin above 87K. The map doesn't say WHEN price will move โ only WHERE the fuel is. Adjust your leverage accordingly.
Morning market: BTC +1.9% to $86,419 โ but $87K rejected again. Greed index just hit 69. Classic trap setup. $BTC $ETH $SOL
Overnight movers: โข Fed Oct 28: hike odds 17.7% (CME FedWatch). Hike fear = dead, liquidity back on โข SEC froze 90+ crypto ETF reviews (funding lapse). Cryptober delayed โ SOL/DOGE ETF bids wait โข BTC ETFs: +$29.7M (Oct 2). ETH ETFs: -$17.3M โข 850K ETH sitting in the validator exit queue
The setup: macro tailwind + frozen catalysts = range trade. 84Kโ87K until the real binary event: Sep CPI on Oct 14.
Don't chase the bounce. Plan the breakout.
--- Morning market update: BTC +1.9% to $86,419 โ but $87K was rejected again. The greed index touched 69. This is a classic trap setup.
Overnight movers: โข The Fed Oct 28: rate hike odds 17.7% (CME FedWatch). Fear of a hike = dead, liquidity is back โข The SEC froze 90+ crypto ETF reviews (funding issue). Cryptober delayed โ SOL/DOGE ETF filings are waiting โข BTC ETFs: +$29.7M (Oct 2). ETH ETFs: -$17.3M โข 850K ETH is waiting in the validator exit queue
Setup: macro tailwind + delayed catalysts = range trade. 84Kโ87K until the big event: September CPI on Oct 14.
$PONS is riding the launchpad wave but sits lowkey stuck in bear market vibes, now down kinda harsh from that ATH. Marketโs watching closely as volume hums at $32Mโwill this Robinhood-adjacent gem finally wake up or fade further?
$SI is riding the SI waveโRobinhood's memecoin playground just got cuter. But dude, it's lowkey 55% from its high here at $0.022. The question: will this iguana outlast the hype or fade like last week's SI memes?
STRK's up 25.6%. L2 ZK tech scaling Ethereum fr. Now trading at $0.055 from lows of $0.043.
Hereโs the thing though: this isnโt just about being cheap. Itโs that StarkNet quietly built the permissionless rollup that actually works. No hacks, no drama, just math doing its job.
Is there still time before the narrative shifts? $STRK
Hyperliquid's own exchange on-chain? Fr. $90.56 now, lowkey stuck between $87 and $90 while everyone waits for volume to return. It's built perp futures without the central broker tax or orderbook mess. Still 8% from ATH when it hitsโฆ what's your play here: fade this range or ride the breakout
Pudgy Penguins is becoming a real meme brand, not just another NFT. Still 86% below ATH, but the views are massive and community's locked in. If this keeps building quietly, what happens when retail notices the cultural shift? $PENGU
Monad feels like the quiet before something loud. Parallelized EVM + near-zero fees? Thatโs the story. Now $8 below ATH, volume spiking on a Sunday. When the network can do 10K TPS fr? My guess is devs already know. Whyโs everyone waiting for a breakout? $MON
LayerZero is 73% from its ATH now. Cross-chain infrastructure that doesn't force you to pick a side? That's the real story, not the green candles. When everyone's building on one chain, interoperability becomes unavoidable. Lowkey undervalued for where the market's going.
What do you think: will $ZRO reclaim $7.47 or stay dormant until L2s demand real bridge tech?
TAO's lowkey in "buy the dip" territory again. 60% below ATH, trading around $305. But here's the thing: Bittensor actually built something useful โ a decentralized machine learning network where models train together and get rewarded based on value delivered.
While other chains chase hype, this one's building infrastructure for the next wave of AI development.
btw's token sits lowkey 41% below ATH, but the ecosystem's building something real: staking, governance, yield products all funneled through $BTW . volume's at $27M, but is this the bottom? curious what you're watching here
Monad's running parallel EVM right now โ 10K TPS means complex apps finally don't choke. At $0.033, it's still down 31% from ATH while volume sits at $43M fr quietly building. The real question: what happens when this actually breaks out? $MON
sandbox keeps adding AAA game studios while the rest of meta is screaming 'memes'. still a +64% week, kinda lowkey for a metaverse play tbh. the story's not dead yet, it's waiting on users to show up fr? $SAND
Pearl is mining useful work. GPUs crunching AI training instead of burning hashes for fun? 40% from ATH but this isn't your standard PoW. The market needs a narrative where energy, data, and money are woven together. Is this low $1 area where you want to own useful infrastructure or just another L1 waiting? $PRL
Lighter's order books are now verifiable on-chain. Frictionless DeFi? I'm lowkey skeptical until it runs for months without drama. It's down 26% over the week at $3.53. A DEX built by the USA team feels different from other L1s. But can decentralized actually beat centralized speed? $LIT
Backpack's down 4.5% while sitting lowkey 21% under ATH ($1.65). Range looks tight right now though. All-in-one wallet vibes, but who's really using it beyond just another tab? $BP
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