Many people are shouting that it’s a must-pull for National Day—let’s first look at the data!
ETFs have absorbed for 6 straight days, with nearly 2.8 billion entering the market, but the bid side is weakening day by day.
The structure hasn’t broken, but the momentum is fading; liquidation on both the near end and both sides still has fuel.
In plain terms, it’s not yet a one-way squeeze, nor a one-direction massacre chart. In a ranging market, you have to trade in waves.
BTC Options:
Last Friday was the biggest options expiry of the year. Volatility wasn’t nearly as wild as imagined. What to watch next:
➫ Oct 30 (monthly) about $9.86 billion, extremely bullish positioning, Max Pain around 74k
➫ Dec 25 (quarterly) about $10 billion, Max Pain around 76k
From the futures perspective, it’s still a ranging market.
BTC Liquidation Map:
🔹 80,500–80,800
➥ Currently the densest cluster. Among it, multiple positions around 80.7w on the HL chain are liquidated at about $100 million
🔹 79,500–79,700
➥ Long positions liquidated cumulatively about $330 million. After it breaks through 80.05万, it will keep providing fuel
🔹 75,500–75,600
➥ Long positions liquidated cumulatively about $680 million—the thickest layer of gains
🔹 85,500–85,700
➥ Cumulative short liquidation about $98 million, with HL seeing a single liquidation around 85.6 at about $18 million
🔹 88.1–88.2万
➥ Short liquidations about $150 million—this is the move to prevent a fake-breakdown
🔹 90,000–97,000
➥ Short liquidations cumulatively about $1.0 billion (HL chain large whale single liquidations: 92.7w about $12.9 million, 94w about $11.4 million, 95w about $50.18 million, 95.8w about $6.2 million)
BTC Technicals
The daily price is still above the 50-day and 200-day moving averages. RSI is pulling back with a neutral-to-weak bias. For short-term resistance, it’s around 85.3k–87.4k. The bulls’ consensus support is near 80k.
If $BTC breaks below 80,000 and can’t get back up, this leg of the bulls is basically over.
Lastly, a little easter egg: there’s a huge whale order at 63.7k hanging for an enormous lot. That looks like it’s trying to get the bulls to die—stay alert and watch for the next few days to see how it plays out.
ETFs have absorbed for 6 straight days, with nearly 2.8 billion entering the market, but the bid side is weakening day by day.
The structure hasn’t broken, but the momentum is fading; liquidation on both the near end and both sides still has fuel.
In plain terms, it’s not yet a one-way squeeze, nor a one-direction massacre chart. In a ranging market, you have to trade in waves.
BTC Options:
Last Friday was the biggest options expiry of the year. Volatility wasn’t nearly as wild as imagined. What to watch next:
➫ Oct 30 (monthly) about $9.86 billion, extremely bullish positioning, Max Pain around 74k
➫ Dec 25 (quarterly) about $10 billion, Max Pain around 76k
From the futures perspective, it’s still a ranging market.
BTC Liquidation Map:
🔹 80,500–80,800
➥ Currently the densest cluster. Among it, multiple positions around 80.7w on the HL chain are liquidated at about $100 million
🔹 79,500–79,700
➥ Long positions liquidated cumulatively about $330 million. After it breaks through 80.05万, it will keep providing fuel
🔹 75,500–75,600
➥ Long positions liquidated cumulatively about $680 million—the thickest layer of gains
🔹 85,500–85,700
➥ Cumulative short liquidation about $98 million, with HL seeing a single liquidation around 85.6 at about $18 million
🔹 88.1–88.2万
➥ Short liquidations about $150 million—this is the move to prevent a fake-breakdown
🔹 90,000–97,000
➥ Short liquidations cumulatively about $1.0 billion (HL chain large whale single liquidations: 92.7w about $12.9 million, 94w about $11.4 million, 95w about $50.18 million, 95.8w about $6.2 million)
BTC Technicals
The daily price is still above the 50-day and 200-day moving averages. RSI is pulling back with a neutral-to-weak bias. For short-term resistance, it’s around 85.3k–87.4k. The bulls’ consensus support is near 80k.
If $BTC breaks below 80,000 and can’t get back up, this leg of the bulls is basically over.
Lastly, a little easter egg: there’s a huge whale order at 63.7k hanging for an enormous lot. That looks like it’s trying to get the bulls to die—stay alert and watch for the next few days to see how it plays out.
