The cryptocurrency market is in a state of shock today after unleashing a major surprise by breaching the 86,500$ levels, taking control of the entire spot market liquidity.
However, in return, the Binance platform issued an official urgent alert to traders stating that the closing, liquidation, and cancellation of PROMPT and $PUMP (Pump.fun) and BOB contracts will be definitively carried out tomorrow, October 5, precisely at 09:00 UTC!
🎯 Technical analysis and immediate opportunities:
Bitcoin rally ($BTC): The explosive rise triggered short liquidations worth $110 million within minutes. The price is now making a tactical correction around $85,000. Holding here could pave the way for an upcoming breakout toward unprecedented highs.
Overshadowed coins crisis: aggressive selling has begun on pumped-up coins, led by $PUMP. Liquidity is now completely migrating from meme coin shorts and alternative coins to flow into the safety of digital gold.
💡 Today’s trading strategy: It’s advised to close any open positions in the mentioned coins immediately to avoid automatic liquidation tomorrow, and to focus on picking up safe Bitcoin rebounds while enabling a strict stop-loss order to protect your portfolio.
Do you think liquidating alternative coins will push Bitcoin to the 90K threshold this week? Share your predictions in the comments! 👇
Watch the live chart and grab your trades directly using the charting tools for $BTC and $PUMP attached below immediately 👇🔥