Binance Square
xiaoshayu
56 Posts

xiaoshayu

5 Following
41 Followers
35 Liked
Posts
·
--
Next Wednesday, crypto faces three hurdles in one day: the Fed, Microsoft and Google, and PCE data all converge Let’s lay out the calendar first. At 2 p.m. Eastern on Wednesday, October 28, the Fed will announce its rate decision. After the market closes that day, Microsoft and Google will report earnings. At 8:30 a.m. Thursday, the preliminary third-quarter GDP estimate and September PCE inflation data will come out together, followed by Amazon’s earnings after the close. In just four days, three big questions will be answered: interest rates, inflation, and whether AI spending is paying off. Futures markets are currently pricing in a greater chance that the Fed will hold rates steady on October 28, with the real uncertainty pushed to December. But that doesn’t mean next Wednesday is risk-free: even one tougher line on inflation in the policy statement could prompt an immediate repricing, especially with crude oil still hovering near $117. Microsoft and Google’s earnings will address a question the market has already asked once this week: when will massive AI spending turn into profits? The Nasdaq’s 2.6% drop on Thursday was the market’s first vote on that question. For BTC, the weekend is a buffer. It’s currently grinding sideways around 80,700, and the maximum pain point for options expiring Sunday is 81,500. Whether it can reclaim 81,500 first will determine whether next week starts on the front foot or on the defensive. The takeaway for trading is simple: don’t go all in before next Wednesday. With data and earnings packed this tightly, the direction isn’t something to guess—it’s something to wait for. Keep some powder dry until the dust settles. $BTC
Next Wednesday, crypto faces three hurdles in one day: the Fed, Microsoft and Google, and PCE data all converge

Let’s lay out the calendar first. At 2 p.m. Eastern on Wednesday, October 28, the Fed will announce its rate decision. After the market closes that day, Microsoft and Google will report earnings. At 8:30 a.m. Thursday, the preliminary third-quarter GDP estimate and September PCE inflation data will come out together, followed by Amazon’s earnings after the close. In just four days, three big questions will be answered: interest rates, inflation, and whether AI spending is paying off.

Futures markets are currently pricing in a greater chance that the Fed will hold rates steady on October 28, with the real uncertainty pushed to December. But that doesn’t mean next Wednesday is risk-free: even one tougher line on inflation in the policy statement could prompt an immediate repricing, especially with crude oil still hovering near $117. Microsoft and Google’s earnings will address a question the market has already asked once this week: when will massive AI spending turn into profits? The Nasdaq’s 2.6% drop on Thursday was the market’s first vote on that question.

For BTC, the weekend is a buffer. It’s currently grinding sideways around 80,700, and the maximum pain point for options expiring Sunday is 81,500. Whether it can reclaim 81,500 first will determine whether next week starts on the front foot or on the defensive.

The takeaway for trading is simple: don’t go all in before next Wednesday. With data and earnings packed this tightly, the direction isn’t something to guess—it’s something to wait for. Keep some powder dry until the dust settles.

$BTC
ETH has fallen below 2,400, but this time the bears didn’t come out ahead either ETH is now hovering around 2,365, after hitting an intraday low of 2,351—a drop of about 1.3%. The 2,400 level has been lost just like that. When people see a key round-number level break, they often expect a plunge. But there’s one detail in today’s decline worth taking a closer look at: prices did fall, but not by much, and buyers clearly stepped in around 2,350. Liquidation data confirms this. According to Coinglass, over the past 24 hours, ETH liquidations totaled about $50.5 million for longs and $13.2 million for shorts—roughly a four-to-one ratio. In other words, this move mainly flushed out leveraged longs. The bears didn’t seize the opportunity to drive the price into a deep hole, and there was genuine support around 2,350–2,360. Even more interesting is the timing: Sunday. For the options expiring Sunday morning, the max pain point is right at 2,400. With the price now stuck below that level, both bulls and bears will have to battle around 2,400 over the weekend. If the price climbs back above 2,400, the breakdown was just a fake-out. If it can’t reclaim that level, 2,350 is the next line of defense. If that breaks, there won’t be much meaningful support below. So ETH’s near-term playbook is clear: don’t panic just because it’s fallen below 2,400, and don’t rush to buy the dip just because there are buyers at 2,350. Wait for the price to make a move around 2,400, then follow once the direction is clear. That’s cheaper than trying to guess right now. $ETH $BTC
ETH has fallen below 2,400, but this time the bears didn’t come out ahead either

ETH is now hovering around 2,365, after hitting an intraday low of 2,351—a drop of about 1.3%. The 2,400 level has been lost just like that. When people see a key round-number level break, they often expect a plunge. But there’s one detail in today’s decline worth taking a closer look at: prices did fall, but not by much, and buyers clearly stepped in around 2,350.

Liquidation data confirms this. According to Coinglass, over the past 24 hours, ETH liquidations totaled about $50.5 million for longs and $13.2 million for shorts—roughly a four-to-one ratio. In other words, this move mainly flushed out leveraged longs. The bears didn’t seize the opportunity to drive the price into a deep hole, and there was genuine support around 2,350–2,360.

Even more interesting is the timing: Sunday. For the options expiring Sunday morning, the max pain point is right at 2,400. With the price now stuck below that level, both bulls and bears will have to battle around 2,400 over the weekend. If the price climbs back above 2,400, the breakdown was just a fake-out. If it can’t reclaim that level, 2,350 is the next line of defense. If that breaks, there won’t be much meaningful support below.

So ETH’s near-term playbook is clear: don’t panic just because it’s fallen below 2,400, and don’t rush to buy the dip just because there are buyers at 2,350. Wait for the price to make a move around 2,400, then follow once the direction is clear. That’s cheaper than trying to guess right now.

$ETH $BTC
The line that held for two months finally broke tonight: BTC’s daily close fell below the 50-day moving average BTC is now hovering around 80,600–80,700, while the 50-day moving average sits near 81,784—suddenly creating a $1,000 ceiling overhead. Every time the price dipped to this line over the past two months, buyers stepped in. This time, they didn’t. The signal matters more than the size of the drop: the decline was only a little over 1%, but the trend has shifted from “testing the moving average” to “the moving average acting as resistance.” The trigger came from outside the crypto market. U.S. stocks all closed lower on Friday, with the Dow down 652 points, nearly three-quarters of S&P 500 constituents ending in the red, and Brent crude climbing to around $117. Rising oil prices stoke inflation expectations, bringing rate-hike concerns back into focus. Risk assets are all under pressure, and BTC is just one of them. Leverage has also been thoroughly flushed out. According to Coinglass, around $498 million in positions were liquidated across the market over the past 24 hours, including $340 million in longs. More than $81 million in BTC longs alone were wiped out. This shows that quite a few leveraged traders were betting on prices to rise before the break below the moving average. Most of those positions have now been cleared, so selling pressure is actually lighter than before. Now it comes down to two levels. To the upside, BTC needs to reclaim 81,784 for the moving average to be recovered; if it can’t get back above it, any bounce should be treated as a relief rally. To the downside, 80,000 is the psychological level everyone is watching. If it breaks, panic could truly spread. Weekend volatility is usually limited, so don’t chase rallies or sell off into a narrow range. It’s better to wait for next week’s macro data to provide direction. $BTC
The line that held for two months finally broke tonight: BTC’s daily close fell below the 50-day moving average

BTC is now hovering around 80,600–80,700, while the 50-day moving average sits near 81,784—suddenly creating a $1,000 ceiling overhead. Every time the price dipped to this line over the past two months, buyers stepped in. This time, they didn’t. The signal matters more than the size of the drop: the decline was only a little over 1%, but the trend has shifted from “testing the moving average” to “the moving average acting as resistance.”

The trigger came from outside the crypto market. U.S. stocks all closed lower on Friday, with the Dow down 652 points, nearly three-quarters of S&P 500 constituents ending in the red, and Brent crude climbing to around $117. Rising oil prices stoke inflation expectations, bringing rate-hike concerns back into focus. Risk assets are all under pressure, and BTC is just one of them.

Leverage has also been thoroughly flushed out. According to Coinglass, around $498 million in positions were liquidated across the market over the past 24 hours, including $340 million in longs. More than $81 million in BTC longs alone were wiped out. This shows that quite a few leveraged traders were betting on prices to rise before the break below the moving average. Most of those positions have now been cleared, so selling pressure is actually lighter than before.

Now it comes down to two levels. To the upside, BTC needs to reclaim 81,784 for the moving average to be recovered; if it can’t get back above it, any bounce should be treated as a relief rally. To the downside, 80,000 is the psychological level everyone is watching. If it breaks, panic could truly spread. Weekend volatility is usually limited, so don’t chase rallies or sell off into a narrow range. It’s better to wait for next week’s macro data to provide direction.

$BTC
Last week, people spent $2.7 billion “betting”: prediction markets are quietly eating into crypto trading volume One news flash today is worth a closer look: Crypto event contracts on Kalshi and Polymarket had a combined trading volume of $2.7 billion last week, setting a new record. The hottest contracts weren’t about elections or the FOMC, but “15-minute BTC price predictions”—bets on whether Bitcoin will go up or down over the next 15 minutes. This tells us one thing: speculative money is moving elsewhere. Before, if you wanted to bet on short-term price direction, you had to open a futures position, calculate your leverage, and watch your liquidation price. Now you can simply buy an “up/down” outcome on a prediction market. The rules are fixed, settlement happens automatically at expiry, and the barrier to entry is much lower. At $2.7 billion in a week, the volume is already on par with the futures markets of some second-tier exchanges. For $BTC itself, this is neutral: money in prediction markets doesn’t flow into spot markets or directly affect prices. But it does have a multiplier effect—ultra-short time frames like 15 minutes essentially turn the casino into a millisecond-level game, amplifying price swings through reflexivity. During election night, Polymarket bets repeatedly led the polls. This time, crypto itself is the subject of the bets. A word of caution: prediction markets reward market makers and people with faster information. Over the long run, retail traders in 15-minute contracts are just handing over fees. Fine to watch, but don’t mistake it for investing. $BTC
Last week, people spent $2.7 billion “betting”: prediction markets are quietly eating into crypto trading volume

One news flash today is worth a closer look: Crypto event contracts on Kalshi and Polymarket had a combined trading volume of $2.7 billion last week, setting a new record. The hottest contracts weren’t about elections or the FOMC, but “15-minute BTC price predictions”—bets on whether Bitcoin will go up or down over the next 15 minutes.

This tells us one thing: speculative money is moving elsewhere. Before, if you wanted to bet on short-term price direction, you had to open a futures position, calculate your leverage, and watch your liquidation price. Now you can simply buy an “up/down” outcome on a prediction market. The rules are fixed, settlement happens automatically at expiry, and the barrier to entry is much lower. At $2.7 billion in a week, the volume is already on par with the futures markets of some second-tier exchanges.

For $BTC itself, this is neutral: money in prediction markets doesn’t flow into spot markets or directly affect prices. But it does have a multiplier effect—ultra-short time frames like 15 minutes essentially turn the casino into a millisecond-level game, amplifying price swings through reflexivity. During election night, Polymarket bets repeatedly led the polls. This time, crypto itself is the subject of the bets.

A word of caution: prediction markets reward market makers and people with faster information. Over the long run, retail traders in 15-minute contracts are just handing over fees. Fine to watch, but don’t mistake it for investing.

$BTC
WLD drops 14% in a day: today’s 100 million token unlock is the last straw Worldcoin topped the losers’ list today: $WLD 24 hours -14.2%, tumbling from $0.553 to around $0.47. The $0.50 support level gave way, and its market cap fell back to just over $2 billion. Two pressures hit at once. First, supply: today was a major unlock date, with around 100.1 million tokens entering the market (48.6% for the community, 28.3% for private investors, and 23.1% for insiders). More damaging still, Arkham data shows that wallets suspected of being linked to the team or VCs recently sold 2.75 million tokens on Binance, after selling 7.745 million a week earlier—the newly unlocked tokens had barely arrived before selling pressure kicked in. Second, sentiment: Thursday’s $635.5 million outflow from U.S. spot Bitcoin ETFs sapped risk appetite. AI-themed tokens took the first hit. WLD had still been up more than 20% for the week, so holders took the opportunity to cash in and sell. WLD long positions worth $590,000 were liquidated in an hour on Binance, Bybit, and OKX—all were forced liquidations of long positions. This drop has nothing to do with the project’s fundamentals; it’s purely a double whammy of supply and sentiment. Looking lower, $0.45 is the first technical support, followed by $0.40. For a rebound, WLD first needs to reclaim the $0.50–$0.55 range. $WLD $BTC
WLD drops 14% in a day: today’s 100 million token unlock is the last straw

Worldcoin topped the losers’ list today: $WLD 24 hours -14.2%, tumbling from $0.553 to around $0.47. The $0.50 support level gave way, and its market cap fell back to just over $2 billion.

Two pressures hit at once. First, supply: today was a major unlock date, with around 100.1 million tokens entering the market (48.6% for the community, 28.3% for private investors, and 23.1% for insiders). More damaging still, Arkham data shows that wallets suspected of being linked to the team or VCs recently sold 2.75 million tokens on Binance, after selling 7.745 million a week earlier—the newly unlocked tokens had barely arrived before selling pressure kicked in.

Second, sentiment: Thursday’s $635.5 million outflow from U.S. spot Bitcoin ETFs sapped risk appetite. AI-themed tokens took the first hit. WLD had still been up more than 20% for the week, so holders took the opportunity to cash in and sell. WLD long positions worth $590,000 were liquidated in an hour on Binance, Bybit, and OKX—all were forced liquidations of long positions.

This drop has nothing to do with the project’s fundamentals; it’s purely a double whammy of supply and sentiment. Looking lower, $0.45 is the first technical support, followed by $0.40. For a rebound, WLD first needs to reclaim the $0.50–$0.55 range.

$WLD $BTC
M gains over 10% in a day—this meme public blockchain is just a breath away from $1 On a day when the broader market moved sideways, MemeCore’s $M topped the gainers’ list: up 8.6% to 13% over 24 hours to around $0.95, with a weekly gain of 18.3%. It’s testing resistance around $0.969, with the psychological $1 mark just above. This rally isn’t happening in a vacuum. Technically, M surged from $0.78 to $0.96 in three hours on October 22, then consolidated in a triangle between $0.85 and $0.96 over the following two days. Today, it broke out on increased volume. Derivatives data is bullish: open interest rose 28–33% in a single day to $6.8 million, and longs account for 54% of leveraged positions. There’s also some fresh fundamental news: last week, MemeCore integrated LayerZero and Stargate, enabling M, USDC, and USDT to be transferred across MemeCore, BNB Chain, and Base. But here’s the catch: the RSI has reached 71, putting it in overbought territory, while spot trading volume has actually fallen 4%. This rally is being driven mainly by leveraged longs and momentum traders, with no new project catalysts. Anyone chasing the price who sees it fall back below $0.90 (the triangle’s upper boundary) could get burned. In the short term, watch whether it can hold above $1—if it can’t, don’t chase. $M $BTC
M gains over 10% in a day—this meme public blockchain is just a breath away from $1

On a day when the broader market moved sideways, MemeCore’s $M topped the gainers’ list: up 8.6% to 13% over 24 hours to around $0.95, with a weekly gain of 18.3%. It’s testing resistance around $0.969, with the psychological $1 mark just above.

This rally isn’t happening in a vacuum. Technically, M surged from $0.78 to $0.96 in three hours on October 22, then consolidated in a triangle between $0.85 and $0.96 over the following two days. Today, it broke out on increased volume. Derivatives data is bullish: open interest rose 28–33% in a single day to $6.8 million, and longs account for 54% of leveraged positions.

There’s also some fresh fundamental news: last week, MemeCore integrated LayerZero and Stargate, enabling M, USDC, and USDT to be transferred across MemeCore, BNB Chain, and Base.

But here’s the catch: the RSI has reached 71, putting it in overbought territory, while spot trading volume has actually fallen 4%. This rally is being driven mainly by leveraged longs and momentum traders, with no new project catalysts. Anyone chasing the price who sees it fall back below $0.90 (the triangle’s upper boundary) could get burned. In the short term, watch whether it can hold above $1—if it can’t, don’t chase.

$M $BTC
Bought $1.07 billion from Monday to Wednesday, gave back 60% in a single day on Thursday: ETF money comes in fast and leaves even faster Farside data: From Monday to Wednesday this week, U.S. spot Bitcoin ETFs saw consecutive net inflows totaling $1.07 billion ($526.7 million on Monday and $524.8 million on Wednesday). Then on Thursday, they recorded net outflows of $635.6 million—the biggest single-day outflow in October. IBIT (-$254.1 million) and FBTC (-$217.5 million) led the sell-off, wiping out 60% of the previous three days’ inflows. Preliminary data for Friday is still being updated: so far, FBTC is at -$31.8 million and MSBT at +$4.2 million, while IBIT has yet to report, putting the total at -$27.6 million. The suspense carries over to Monday. Prices, meanwhile, held up: BTC was still around $81,000 this morning (down 0.5% over 24 hours, with an intraday range of $82,060–$80,513). An interesting comparison: the Nasdaq fell 2.6% on Thursday, when the sell-off hit, with tech stocks and crypto both taking a beating. That suggests this round of outflows was driven more by waning risk appetite than by anything specific to Bitcoin. Institutional money is now at the mercy of the broader market; the Fed’s October 27–28 policy meeting is the real directional catalyst. $BTC
Bought $1.07 billion from Monday to Wednesday, gave back 60% in a single day on Thursday: ETF money comes in fast and leaves even faster

Farside data: From Monday to Wednesday this week, U.S. spot Bitcoin ETFs saw consecutive net inflows totaling $1.07 billion ($526.7 million on Monday and $524.8 million on Wednesday). Then on Thursday, they recorded net outflows of $635.6 million—the biggest single-day outflow in October. IBIT (-$254.1 million) and FBTC (-$217.5 million) led the sell-off, wiping out 60% of the previous three days’ inflows. Preliminary data for Friday is still being updated: so far, FBTC is at -$31.8 million and MSBT at +$4.2 million, while IBIT has yet to report, putting the total at -$27.6 million. The suspense carries over to Monday.

Prices, meanwhile, held up: BTC was still around $81,000 this morning (down 0.5% over 24 hours, with an intraday range of $82,060–$80,513).

An interesting comparison: the Nasdaq fell 2.6% on Thursday, when the sell-off hit, with tech stocks and crypto both taking a beating. That suggests this round of outflows was driven more by waning risk appetite than by anything specific to Bitcoin. Institutional money is now at the mercy of the broader market; the Fed’s October 27–28 policy meeting is the real directional catalyst.

$BTC
Is Cardano’s treasury going to be used to buy copper? A 22 million ADA gamble, with voting closing on November 15 Toto Finance has requested 22 million ADA (about $5 million) from the Cardano treasury to create a “Cardano Strategic Copper Reserve”: roughly two-thirds of the funds would be used to buy exchange-grade physical copper, stored in a COMEX-certified warehouse near New Orleans, with each pound of copper backed by one CuTT token. The copper would be held for 18–24 months, then sold over the following year, with net proceeds and remaining funds returned to the treasury within 36 months. CoinDesk ran the numbers: assuming copper is bought at $6.73 per pound as proposed, if the entire budget is spent and the ADA price stays unchanged, copper would need to rise about 49.4% (to $10.06) for the treasury to break even. The proposal would also use up more than half of the treasury’s remaining withdrawal allowance of 42.6 million ADA. Toto founder Monty Metzger responded that the company won’t profit from the proposal, and that most of the extra costs are for audits and regulatory compliance required by the Cardano Constitution. He’s bullish on copper rising 30% annually, which would mean a 69% gain over 24 months—“more than enough” to clear the 49.4% hurdle—while acknowledging, of course, that commodities can fall. Using treasury funds to bet on copper hitting new highs is a tough vote for holders. $ADA $BTC
Is Cardano’s treasury going to be used to buy copper? A 22 million ADA gamble, with voting closing on November 15

Toto Finance has requested 22 million ADA (about $5 million) from the Cardano treasury to create a “Cardano Strategic Copper Reserve”: roughly two-thirds of the funds would be used to buy exchange-grade physical copper, stored in a COMEX-certified warehouse near New Orleans, with each pound of copper backed by one CuTT token. The copper would be held for 18–24 months, then sold over the following year, with net proceeds and remaining funds returned to the treasury within 36 months.

CoinDesk ran the numbers: assuming copper is bought at $6.73 per pound as proposed, if the entire budget is spent and the ADA price stays unchanged, copper would need to rise about 49.4% (to $10.06) for the treasury to break even. The proposal would also use up more than half of the treasury’s remaining withdrawal allowance of 42.6 million ADA.

Toto founder Monty Metzger responded that the company won’t profit from the proposal, and that most of the extra costs are for audits and regulatory compliance required by the Cardano Constitution. He’s bullish on copper rising 30% annually, which would mean a 69% gain over 24 months—“more than enough” to clear the 49.4% hurdle—while acknowledging, of course, that commodities can fall.

Using treasury funds to bet on copper hitting new highs is a tough vote for holders.

$ADA $BTC
Even Swedes are getting nervous: cash is down to just 5%, and the central bank is rushing to find the krona a “digital substitute” This Thursday, Riksbank Deputy Governor Per Jansson called on Parliament to reassess the issuance of an e-krona. There are two triggers: the European Central Bank’s digital euro is set to begin a 12-month pilot in the second half of 2027, with a possible official launch in 2029; meanwhile, US dollar stablecoins are becoming more widely used and could, over the long term, erode the krona’s role in payments. The Riksbank wrote to Parliament’s Finance Committee as early as October 7 (the letter was made public on the 15th), stressing that the aim for now is only to “prepare the legal framework in advance,” not to decide whether to issue one. If it does go ahead, preparing the central bank and the market alone would take at least five years, not counting the time needed for legislation. The backdrop is surreal: Sweden is one of the world’s most “cashless” countries. A survey last year found that only 5% of people had used cash for their most recent in-store purchase. A government survey in 2023 said there was “no urgent need for a CBDC.” Three years later, the story has completely turned around. Jansson put it plainly: if cash becomes fully digital and the krona has no convenient digital form, it won’t be able to compete with digital payment tools that work well across borders. Geopolitics and cybersecurity are also on the agenda: the resilience of payment systems has become part of Sweden’s “total defense strategy.” The CBDC debate has shifted from “Should we do this?” to “What do we do now that everyone else has?” $BTC
Even Swedes are getting nervous: cash is down to just 5%, and the central bank is rushing to find the krona a “digital substitute”

This Thursday, Riksbank Deputy Governor Per Jansson called on Parliament to reassess the issuance of an e-krona. There are two triggers: the European Central Bank’s digital euro is set to begin a 12-month pilot in the second half of 2027, with a possible official launch in 2029; meanwhile, US dollar stablecoins are becoming more widely used and could, over the long term, erode the krona’s role in payments.

The Riksbank wrote to Parliament’s Finance Committee as early as October 7 (the letter was made public on the 15th), stressing that the aim for now is only to “prepare the legal framework in advance,” not to decide whether to issue one. If it does go ahead, preparing the central bank and the market alone would take at least five years, not counting the time needed for legislation.

The backdrop is surreal: Sweden is one of the world’s most “cashless” countries. A survey last year found that only 5% of people had used cash for their most recent in-store purchase. A government survey in 2023 said there was “no urgent need for a CBDC.” Three years later, the story has completely turned around. Jansson put it plainly: if cash becomes fully digital and the krona has no convenient digital form, it won’t be able to compete with digital payment tools that work well across borders.

Geopolitics and cybersecurity are also on the agenda: the resilience of payment systems has become part of Sweden’s “total defense strategy.” The CBDC debate has shifted from “Should we do this?” to “What do we do now that everyone else has?”

$BTC
The IRS suddenly softens its stance: People who voluntarily pay back taxes could see their penalties slashed Jarod Koopman, head of the IRS Criminal Investigation division, floated a major overhaul of the voluntary disclosure program this Friday, with the new rules expected to take effect before December. Under the new rules, cases would be closed within 120 days of submitting all back-tax documents—a process that currently can drag on for more than a year. Penalties would be “substantially reduced,” and taxpayers might also be offered installment plans or discounted settlements. The most noteworthy point: The crypto world won’t get a special channel. Crypto-related violations will go through the same voluntary disclosure process as other forms of tax evasion, with no separate channel for digital assets. The aim is to draw out Americans who are thinking, “There’s more and more activity visible on-chain, but I’m afraid of the penalties if I come clean”—the sooner they do, the lower the cost. Meanwhile, Congress is also advancing the Digital Asset Tax Clarity Act (H.R. 10357), which would require the Treasury Department to establish a voluntary disclosure program specifically for digital assets within 12 months of the bill’s enactment. Those who certify that their noncompliance was not intentional and file amended returns within a year would pay 0% penalties on the first $25,000 in unpaid taxes per year and 5% on any amount above that. Those who do not make the certification would pay 25% on the first $25,000 and 40% on any amount above that. The bill passed the House Ways and Means Committee by a vote of 38 to 5 on September 16, but still needs to pass the full House and Senate and be signed by the president. Compliance costs are falling, while on-chain transparency is rising—this is both a carrot and a stick. $BTC
The IRS suddenly softens its stance: People who voluntarily pay back taxes could see their penalties slashed

Jarod Koopman, head of the IRS Criminal Investigation division, floated a major overhaul of the voluntary disclosure program this Friday, with the new rules expected to take effect before December. Under the new rules, cases would be closed within 120 days of submitting all back-tax documents—a process that currently can drag on for more than a year. Penalties would be “substantially reduced,” and taxpayers might also be offered installment plans or discounted settlements.

The most noteworthy point: The crypto world won’t get a special channel. Crypto-related violations will go through the same voluntary disclosure process as other forms of tax evasion, with no separate channel for digital assets. The aim is to draw out Americans who are thinking, “There’s more and more activity visible on-chain, but I’m afraid of the penalties if I come clean”—the sooner they do, the lower the cost.

Meanwhile, Congress is also advancing the Digital Asset Tax Clarity Act (H.R. 10357), which would require the Treasury Department to establish a voluntary disclosure program specifically for digital assets within 12 months of the bill’s enactment. Those who certify that their noncompliance was not intentional and file amended returns within a year would pay 0% penalties on the first $25,000 in unpaid taxes per year and 5% on any amount above that. Those who do not make the certification would pay 25% on the first $25,000 and 40% on any amount above that. The bill passed the House Ways and Means Committee by a vote of 38 to 5 on September 16, but still needs to pass the full House and Senate and be signed by the president.

Compliance costs are falling, while on-chain transparency is rising—this is both a carrot and a stick.

$BTC
Three central banks are joining forces: Singapore, Malaysia, and Thailand are teaming up on cross-border stablecoin settlement The Monetary Authority of Singapore (MAS) announced today that Bank Negara Malaysia and the Bank of Thailand have joined BLOOM as policy-making members. The three central banks will work within the same framework to establish settlement standards for cross-border stablecoins and tokenized deposits. BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency. Launched by MAS in October 2025, it grew out of Project Orchid, which began in 2021. The expanded roster is a big one: Circle, DBS, Stripe, Visa, Mastercard, and Ripple are involved, along with the World Bank Group. One point to clarify: this isn’t the launch of a “stablecoin for all three countries,” nor does it mean one will be usable tomorrow. BLOOM is building wholesale infrastructure for trade finance and corporate treasury management. It focuses on three things: cross-border acceptance and settlement, interoperability between different digital money networks, and embedding compliance rules—such as sanctions screening and transaction limits—directly into payments. Cross-border payments in Southeast Asia have long relied on a slow and costly correspondent banking system, and regulators have identified stablecoins as one possible solution. In February this year, Malaysia already announced plans to test a ringgit stablecoin. This move is part of Asia’s push to have a say in setting stablecoin standards. $USDT $BTC
Three central banks are joining forces: Singapore, Malaysia, and Thailand are teaming up on cross-border stablecoin settlement

The Monetary Authority of Singapore (MAS) announced today that Bank Negara Malaysia and the Bank of Thailand have joined BLOOM as policy-making members. The three central banks will work within the same framework to establish settlement standards for cross-border stablecoins and tokenized deposits.

BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency. Launched by MAS in October 2025, it grew out of Project Orchid, which began in 2021. The expanded roster is a big one: Circle, DBS, Stripe, Visa, Mastercard, and Ripple are involved, along with the World Bank Group.

One point to clarify: this isn’t the launch of a “stablecoin for all three countries,” nor does it mean one will be usable tomorrow. BLOOM is building wholesale infrastructure for trade finance and corporate treasury management. It focuses on three things: cross-border acceptance and settlement, interoperability between different digital money networks, and embedding compliance rules—such as sanctions screening and transaction limits—directly into payments.

Cross-border payments in Southeast Asia have long relied on a slow and costly correspondent banking system, and regulators have identified stablecoins as one possible solution. In February this year, Malaysia already announced plans to test a ringgit stablecoin. This move is part of Asia’s push to have a say in setting stablecoin standards.

$USDT $BTC
Gold falls below $4,000: safe-haven assets all "lose their footing" this month Gold fell to $3,986.85 intraday on Friday, dipping below the $4,000 mark for the first time since July. It later edged back above $4,000, but is now down more than a quarter from its record high of $5,594 at the end of January. There was no single trigger for the slide; several factors piled up. AI concerns hammered tech stocks on Thursday (the Nasdaq fell 2.6%, its worst day since June), followed by a classic "liquidity-driven sell-off": after prices fell so sharply, investors sold gold to meet margin calls. The 10-year Treasury yield hit 5.34% in early October, its highest level since 2002. Combined with the Fed raising rates in September to 3.75%–4%, this naturally weighed on gold, which pays no interest. One interesting detail: central banks are still buying. They bought 79 tonnes in August and around 63 tonnes in September, the most since November 2024. Morgan Stanley had previously called $4,000 the floor, but that level has now been breached; Justin Lin of Global X sees $3,900 as the next level to test. By comparison, BTC fell only about 0.5% this week, holding around $81,700. Its volatility was lower than that of the "king of safe havens." The Fed's October 27–28 policy meeting is the next key variable. $BTC
Gold falls below $4,000: safe-haven assets all "lose their footing" this month

Gold fell to $3,986.85 intraday on Friday, dipping below the $4,000 mark for the first time since July. It later edged back above $4,000, but is now down more than a quarter from its record high of $5,594 at the end of January.

There was no single trigger for the slide; several factors piled up. AI concerns hammered tech stocks on Thursday (the Nasdaq fell 2.6%, its worst day since June), followed by a classic "liquidity-driven sell-off": after prices fell so sharply, investors sold gold to meet margin calls. The 10-year Treasury yield hit 5.34% in early October, its highest level since 2002. Combined with the Fed raising rates in September to 3.75%–4%, this naturally weighed on gold, which pays no interest.

One interesting detail: central banks are still buying. They bought 79 tonnes in August and around 63 tonnes in September, the most since November 2024. Morgan Stanley had previously called $4,000 the floor, but that level has now been breached; Justin Lin of Global X sees $3,900 as the next level to test.

By comparison, BTC fell only about 0.5% this week, holding around $81,700. Its volatility was lower than that of the "king of safe havens." The Fed's October 27–28 policy meeting is the next key variable.

$BTC
Frog coins are going wild again: PEPE jumps 14% in a day, leading a pack of altcoins in a rally BTC has been flat around 81,700 today, with the real action in altcoins. PEPE jumped 14% in a day, its biggest single-day gain in nearly a month. Its weekly gain widened to 23% and its monthly gain reached 16%, lifting the entire meme-coin sector by 2.9%. Interestingly, there’s no clear catalyst behind this rally. FLOKI, BONK, and SHIB also gained 3% to 5% today, though they’re still down as much as 16% this month. DOT and ATOM each rose more than 5%. In DeFi, UNI rebounded 3.5%, returning to around $7.25. Market details are looking warmer: PEPE’s 24-hour trading volume hit $353 million, up 10% from yesterday. CoinMarketCap’s Altcoin Season Index rose to 58, up from just 54 on Monday. Bearish sentiment in the BTC options market is also fading: one-week skew has fallen from 14% in mid-month to around 4%, and the most active contract is a call option with a November 27 expiry and a strike price of 98,000. Of course, meme-coin rallies can come and go in a flash. This time, there isn’t even a “story” behind it—it’s purely sentiment and liquidity. If you’re going to join in, keep your position small and your stop-loss tight. $PEPE $BTC
Frog coins are going wild again: PEPE jumps 14% in a day, leading a pack of altcoins in a rally

BTC has been flat around 81,700 today, with the real action in altcoins. PEPE jumped 14% in a day, its biggest single-day gain in nearly a month. Its weekly gain widened to 23% and its monthly gain reached 16%, lifting the entire meme-coin sector by 2.9%.

Interestingly, there’s no clear catalyst behind this rally. FLOKI, BONK, and SHIB also gained 3% to 5% today, though they’re still down as much as 16% this month. DOT and ATOM each rose more than 5%. In DeFi, UNI rebounded 3.5%, returning to around $7.25.

Market details are looking warmer: PEPE’s 24-hour trading volume hit $353 million, up 10% from yesterday. CoinMarketCap’s Altcoin Season Index rose to 58, up from just 54 on Monday. Bearish sentiment in the BTC options market is also fading: one-week skew has fallen from 14% in mid-month to around 4%, and the most active contract is a call option with a November 27 expiry and a strike price of 98,000.

Of course, meme-coin rallies can come and go in a flash. This time, there isn’t even a “story” behind it—it’s purely sentiment and liquidity. If you’re going to join in, keep your position small and your stop-loss tight.

$PEPE $BTC
93.52% voted in favor of Starknet “leaving Ethereum,” but STRK fell 40% in a week A seven-day Starknet governance vote closed on October 22: around 3,200 votes, representing 93.52% of the voting power, backed “researching a transition to an independent, quantum-resistant L1.” Turnout set a record in Starknet governance history. StarkWare abstained, leaving the decision entirely to the community. Don’t rush to read this as a “split”: this was a non-binding vote that only authorized “research,” not a “move.” Starknet is still an Ethereum L2, STRK remains its native asset, no new tokens are being issued, and the cross-chain bridge remains open as usual. An actual migration would require another binding vote. StarkWare says a draft white paper is due in November, with the goal of achieving quantum resistance by 2027. The market has voted with its feet: STRK is currently trading around 0.0545, down about 41% in a week. The community wants direction; investors want execution—and a narrative about “looking into it” isn’t enough to support the token price. Quantum security is a challenge for the entire industry, and Ethereum itself is replacing cryptographic components. Keep an eye on that draft white paper in November; that’s the ammunition for the next leg of the market. $STRK $BTC
93.52% voted in favor of Starknet “leaving Ethereum,” but STRK fell 40% in a week

A seven-day Starknet governance vote closed on October 22: around 3,200 votes, representing 93.52% of the voting power, backed “researching a transition to an independent, quantum-resistant L1.” Turnout set a record in Starknet governance history. StarkWare abstained, leaving the decision entirely to the community.

Don’t rush to read this as a “split”: this was a non-binding vote that only authorized “research,” not a “move.” Starknet is still an Ethereum L2, STRK remains its native asset, no new tokens are being issued, and the cross-chain bridge remains open as usual. An actual migration would require another binding vote. StarkWare says a draft white paper is due in November, with the goal of achieving quantum resistance by 2027.

The market has voted with its feet: STRK is currently trading around 0.0545, down about 41% in a week. The community wants direction; investors want execution—and a narrative about “looking into it” isn’t enough to support the token price.

Quantum security is a challenge for the entire industry, and Ethereum itself is replacing cryptographic components. Keep an eye on that draft white paper in November; that’s the ammunition for the next leg of the market.

$STRK $BTC
Ethereum has “delayed” its upgrade—and that’s exactly why it’s reliable The Glamsterdam hard fork, originally scheduled to go live on the Hoodi testnet on October 26, has been postponed by the Ethereum Foundation. A new date has not been set. The trigger was an October 13 warning from security firm ChainSecurity: two proposals in the upgrade, EIP-8037 and EIP-8038, change the gas rules and could weaken protections against “gas insufficiency griefing attacks.” They have already found 13 affected cases in real-world contracts and are working through them one by one via responsible disclosure. The plan to raise Hoodi’s gas limit to 200 million has also been put on hold, and the mainnet launch, originally scheduled for early December, is now uncertain. Many people hear “postponement” and assume it’s bearish, but that’s backwards: the whole point of a testnet is to uncover problems early. Waiting until it reaches mainnet to fix them would be a disaster. A chain that can hit the brakes itself and address those 13 cases before moving ahead is far more reliable than one that just “ships first and asks questions later.” In the short term, ETH is following the broader market. Whether it can hold 2,400 is key; if it fails, watch the 2,380 area. The upgrade is delayed, not canceled. $ETH $BTC
Ethereum has “delayed” its upgrade—and that’s exactly why it’s reliable

The Glamsterdam hard fork, originally scheduled to go live on the Hoodi testnet on October 26, has been postponed by the Ethereum Foundation. A new date has not been set.

The trigger was an October 13 warning from security firm ChainSecurity: two proposals in the upgrade, EIP-8037 and EIP-8038, change the gas rules and could weaken protections against “gas insufficiency griefing attacks.” They have already found 13 affected cases in real-world contracts and are working through them one by one via responsible disclosure. The plan to raise Hoodi’s gas limit to 200 million has also been put on hold, and the mainnet launch, originally scheduled for early December, is now uncertain.

Many people hear “postponement” and assume it’s bearish, but that’s backwards: the whole point of a testnet is to uncover problems early. Waiting until it reaches mainnet to fix them would be a disaster. A chain that can hit the brakes itself and address those 13 cases before moving ahead is far more reliable than one that just “ships first and asks questions later.”

In the short term, ETH is following the broader market. Whether it can hold 2,400 is key; if it fails, watch the 2,380 area. The upgrade is delayed, not canceled.

$ETH $BTC
ETFs bought $1.08 billion in three days, yet BTC still fell back to 81,500: institutional cost bases are being put to a public test First, the money: $526.6 million on Monday, $23 million on Tuesday, and $528 million on Wednesday—for a total of $1.08 billion over three days (SoSoValue). BlackRock’s IBIT saw a single-day inflow of $665 million on Monday, its largest since January, bringing its total holdings to 814,000 BTC. Now, the price: BTC has retreated nearly 4% from its high of 84,808, returning to around 81,500. Bitfinex’s view is straightforward: the short-term range is 81,300 to 84,400, and the average cost for ETF buyers is about 81,500—this level is now in the spotlight. If the daily close falls below 81,300, the next level to watch is the October 15 low of 79,821. One more detail: Lookonchain spotted a whale that sold 1,917 BTC ($159 million) over 11 days, then turned around and bought 64,500 ETH ($155 million). Institutions aren’t here to catch falling knives; they’re here to buy the dip. If the bottom breaks, they’ll rebalance all the same. The conclusion stings a little: inflows didn’t lose—price did. ETF money can buoy sentiment, but it can’t prop up the Nasdaq. $BTC $ETH
ETFs bought $1.08 billion in three days, yet BTC still fell back to 81,500: institutional cost bases are being put to a public test

First, the money: $526.6 million on Monday, $23 million on Tuesday, and $528 million on Wednesday—for a total of $1.08 billion over three days (SoSoValue). BlackRock’s IBIT saw a single-day inflow of $665 million on Monday, its largest since January, bringing its total holdings to 814,000 BTC.

Now, the price: BTC has retreated nearly 4% from its high of 84,808, returning to around 81,500. Bitfinex’s view is straightforward: the short-term range is 81,300 to 84,400, and the average cost for ETF buyers is about 81,500—this level is now in the spotlight. If the daily close falls below 81,300, the next level to watch is the October 15 low of 79,821.

One more detail: Lookonchain spotted a whale that sold 1,917 BTC ($159 million) over 11 days, then turned around and bought 64,500 ETH ($155 million). Institutions aren’t here to catch falling knives; they’re here to buy the dip. If the bottom breaks, they’ll rebalance all the same.

The conclusion stings a little: inflows didn’t lose—price did. ETF money can buoy sentiment, but it can’t prop up the Nasdaq.

$BTC $ETH
Tesla and Nvidia are teaming up to pour $2.8 billion into something that isn’t chips, but the “packaging” for chips Reuters, citing South Korea’s Maeil Business Newspaper, reports that Samsung Electro-Mechanics will receive an investment of 3.7 trillion won (about $2.8 billion): Tesla will contribute 1.1 trillion won and Nvidia 2.6 trillion won. The money will go toward building an FC-BGA advanced packaging substrate production line in Sejong, alongside long-term supply agreements. Note: None of the three companies has officially announced this; for now, it’s based on reporting by a reputable news outlet. FC-BGA is a packaging substrate for AI chips—no matter how powerful a chip is, without a substrate, it can’t be mounted on a board. It’s one of the tightest bottlenecks in the current AI hardware boom, and major players are now moving upstream to lock in capacity and secure supply with advance payments. The interesting part is the logic: when you can’t get ahead in chip design anymore, you buy into the “scarce link” in the chain. The crypto world uses the same idea: BTC’s scarcity is hard-coded, while AI scarcity is created by spending big to secure supply. One is deflationary by algorithm; the other, through capital expenditure. The more frantically money is poured into AI infrastructure, the more people listen to the digital gold narrative—after all, both bets are on the same thing: limited supply and unlimited demand. $BTC
Tesla and Nvidia are teaming up to pour $2.8 billion into something that isn’t chips, but the “packaging” for chips

Reuters, citing South Korea’s Maeil Business Newspaper, reports that Samsung Electro-Mechanics will receive an investment of 3.7 trillion won (about $2.8 billion): Tesla will contribute 1.1 trillion won and Nvidia 2.6 trillion won. The money will go toward building an FC-BGA advanced packaging substrate production line in Sejong, alongside long-term supply agreements. Note: None of the three companies has officially announced this; for now, it’s based on reporting by a reputable news outlet.

FC-BGA is a packaging substrate for AI chips—no matter how powerful a chip is, without a substrate, it can’t be mounted on a board. It’s one of the tightest bottlenecks in the current AI hardware boom, and major players are now moving upstream to lock in capacity and secure supply with advance payments.

The interesting part is the logic: when you can’t get ahead in chip design anymore, you buy into the “scarce link” in the chain. The crypto world uses the same idea: BTC’s scarcity is hard-coded, while AI scarcity is created by spending big to secure supply. One is deflationary by algorithm; the other, through capital expenditure. The more frantically money is poured into AI infrastructure, the more people listen to the digital gold narrative—after all, both bets are on the same thing: limited supply and unlimited demand.

$BTC
Tesla fell 5% in premarket trading: earnings beat expectations, but Musk personally slashed the AI budget by $5 billion Q3 figures look decent: revenue was $28.05 billion, roughly flat (vs. $28.34 billion expected); adjusted EPS was $0.48, beating the $0.45 forecast; free cash flow was $1.53 billion, and cash on hand totaled $45.4 billion. Deliveries came to 486,000 vehicles, with an automotive gross margin of 18.1% (excluding regulatory credits). What the market took issue with was this cut: the 2026 capital expenditure guidance was reduced from more than $25 billion to around $20 billion. Musk also dampened expectations for Optimus on the earnings call, while Cybercab is back in NHTSA’s sights (Tesla must respond by October 30). The proposed merger with SpaceX has only led to the formation of a committee, with no decision made. Shares closed at $374.58 on October 22, down 3.08%, then fell another 5% in premarket trading. Most analysts, meanwhile, raised their price targets (Piper: $475; TD Cowen: $460), with only HSBC bearish at $157. The knock-on effects are real: the Nasdaq fell 2.18%, BTC was dragged down to around $81,500, and ETH dropped below $2,400. BTC has once again acted like a high-beta tech stock in this cycle: as AI capital spending gets repriced, crypto gets caught in the crossfire. $BTC $ETH
Tesla fell 5% in premarket trading: earnings beat expectations, but Musk personally slashed the AI budget by $5 billion

Q3 figures look decent: revenue was $28.05 billion, roughly flat (vs. $28.34 billion expected); adjusted EPS was $0.48, beating the $0.45 forecast; free cash flow was $1.53 billion, and cash on hand totaled $45.4 billion. Deliveries came to 486,000 vehicles, with an automotive gross margin of 18.1% (excluding regulatory credits).

What the market took issue with was this cut: the 2026 capital expenditure guidance was reduced from more than $25 billion to around $20 billion. Musk also dampened expectations for Optimus on the earnings call, while Cybercab is back in NHTSA’s sights (Tesla must respond by October 30). The proposed merger with SpaceX has only led to the formation of a committee, with no decision made. Shares closed at $374.58 on October 22, down 3.08%, then fell another 5% in premarket trading.

Most analysts, meanwhile, raised their price targets (Piper: $475; TD Cowen: $460), with only HSBC bearish at $157. The knock-on effects are real: the Nasdaq fell 2.18%, BTC was dragged down to around $81,500, and ETH dropped below $2,400. BTC has once again acted like a high-beta tech stock in this cycle: as AI capital spending gets repriced, crypto gets caught in the crossfire.

$BTC $ETH
China’s prosecutors seek to have 61,800 bitcoins awarded to China: the coins are now in the UK, worth $5 billion The case centers on Qian Zhimin. From 2014 to 2017, the Tianjin Lantian Gerui company she controlled sold unlicensed wealth-management products, raising 40.378 billion yuan from 102,000 investors. It ran up a shortfall of nearly 20 billion yuan, and the money went toward repaying old debts, buying bitcoin, and purchasing homes and cars. In 2017, Qian fled to the UK, where British police seized the coins—the largest cryptocurrency seizure ever confirmed in law-enforcement history. There were two major developments last week: on October 13, the Tianjin Second Intermediate People’s Court announced that it had accepted prosecutors’ application for confiscation on September 28. There is a six-month period for claims, during which victims can come forward to assert their rights. On October 12, the UK High Court ruled that victims’ claims would be governed by Chinese law, not British law. But don’t get the wrong idea: the coins are still in the UK, and China’s confiscation order doesn’t mean they’ll automatically be transferred back. Ownership is far from settled. At current prices, the coins are worth about $5 billion. More than 60,000 bitcoins are in limbo, creating a long-term variable on the supply side. The short-term impact on the market is limited; over the long term, it will depend on how courts in China and the UK divide the pie. $BTC
China’s prosecutors seek to have 61,800 bitcoins awarded to China: the coins are now in the UK, worth $5 billion

The case centers on Qian Zhimin. From 2014 to 2017, the Tianjin Lantian Gerui company she controlled sold unlicensed wealth-management products, raising 40.378 billion yuan from 102,000 investors. It ran up a shortfall of nearly 20 billion yuan, and the money went toward repaying old debts, buying bitcoin, and purchasing homes and cars. In 2017, Qian fled to the UK, where British police seized the coins—the largest cryptocurrency seizure ever confirmed in law-enforcement history.

There were two major developments last week: on October 13, the Tianjin Second Intermediate People’s Court announced that it had accepted prosecutors’ application for confiscation on September 28. There is a six-month period for claims, during which victims can come forward to assert their rights. On October 12, the UK High Court ruled that victims’ claims would be governed by Chinese law, not British law.

But don’t get the wrong idea: the coins are still in the UK, and China’s confiscation order doesn’t mean they’ll automatically be transferred back. Ownership is far from settled. At current prices, the coins are worth about $5 billion. More than 60,000 bitcoins are in limbo, creating a long-term variable on the supply side. The short-term impact on the market is limited; over the long term, it will depend on how courts in China and the UK divide the pie.

$BTC
ETFs bought $1.08 billion in three days, while miners quietly dumped: who won this game? This week’s ETF numbers look great: $526.6 million on Monday, $23 million on Tuesday, and $528 million on Wednesday—for total net inflows of about $1.08 billion over three days (SoSoValue), ending two straight weeks of net outflows. BlackRock’s IBIT ($235 million) and Fidelity’s FBTC ($213 million) led the way on Wednesday, accounting for 85% between them. But there’s another side to the coin: miners. Binance Research’s weekly report noted that the amount of BTC in miner wallets has fallen by about 15% since June. In August alone, 9,566 BTC flowed out—the largest monthly reduction since July 2024. In other words, while Wall Street is taking in supply through ETFs, miners are cashing out at higher prices. Coins are moving from the hands of “producers” to those of “allocators.” And the price? BTC has been caught in a tug-of-war between $82,000 and $84,800, with neither side gaining the upper hand. My take: Miner selling is a bearish supply-side overhang being cleared. Whether prices can rise hinges on whether ETF demand can absorb it. Around $80,000, buyers are clearly more patient than sellers. I’m not making a move unless it breaks below $80,000. $BTC #Bitcoin
ETFs bought $1.08 billion in three days, while miners quietly dumped: who won this game?

This week’s ETF numbers look great: $526.6 million on Monday, $23 million on Tuesday, and $528 million on Wednesday—for total net inflows of about $1.08 billion over three days (SoSoValue), ending two straight weeks of net outflows. BlackRock’s IBIT ($235 million) and Fidelity’s FBTC ($213 million) led the way on Wednesday, accounting for 85% between them.

But there’s another side to the coin: miners. Binance Research’s weekly report noted that the amount of BTC in miner wallets has fallen by about 15% since June. In August alone, 9,566 BTC flowed out—the largest monthly reduction since July 2024.

In other words, while Wall Street is taking in supply through ETFs, miners are cashing out at higher prices. Coins are moving from the hands of “producers” to those of “allocators.” And the price? BTC has been caught in a tug-of-war between $82,000 and $84,800, with neither side gaining the upper hand.

My take: Miner selling is a bearish supply-side overhang being cleared. Whether prices can rise hinges on whether ETF demand can absorb it. Around $80,000, buyers are clearly more patient than sellers. I’m not making a move unless it breaks below $80,000.

$BTC #Bitcoin
BTC-2.62%
IBITETF-0.25%
FBTCETF-0.59%
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Sitemap
Cookie Preferences
Platform T&Cs