ETH rose about 70% in the third quarter, but buy and sell orders have thinned out. 👀
According to CoinGecko data, $ETH order book depth has fallen to around 35%–45% of $BTC . With fewer orders on the books, the same-sized trade could cause a bigger price swing—pushing prices up quickly, but potentially sending them tumbling even faster.
A strong rally is great, but it’s also worth watching whether buyers step in during a pullback. I’ll wait for ETH to move out of its current consolidation range and try to resist the urge to chase the rally.
I recently started livestreaming on Binance Square. Unless something comes up, I’ll be going live regularly: 🗓️ Monday to Friday 🕘 9:00–11:00 PM
My livestreams will mostly cover the things I do every day: 📈 Live Nasdaq NQ chart-watching 📝 Pre-market plans, key levels, and waiting for setups 🎯 Entry/exit ideas and price action
If I wrap up Nasdaq NQ early, we’ll also take a look at BTC, ETH, and whichever cryptocurrencies are active that evening.
My livestreams might be a little different from the more lively ones (welcome to an introvert’s livestream, haha).
Most of the time, I’ll just have some light music on while I watch the charts as usual. If there’s something worth discussing, I’ll share it. If there’s no suitable setup, we’ll wait together. I won’t force trades just for the livestream (●'◡'●) (Trading is really all about having patience, waiting, and managing your emotions.)
The livestream will mainly be in Chinese, but English is welcome too.
If I ever have to skip a livestream or change the schedule, I’ll let you know on Square in advance. Monday to Friday, 9 PM.
If you want to see how I trade day to day, see you in the livestream. 🐱
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$ETH Surged 70% Yet liquidity fell Something feels off about this rally Ethereum was on fire in Q3 It surged about 70% in one go Leaving Bitcoin’s roughly 42% Q3 gain far behind But there’s one detail I think is more worth watching than the 70% gain The higher ETH climbs, the thinner the order book gets According to CoinGecko ETH’s median market depth during Q3 was only 35%–45% of BTC’s In the same period last year, it was still at least 60% A very significant drop#以太坊Q3涨70%流动性下降
U.S. nonfarm payrolls rose by just 29,000 in September, well below expectations. The market has largely ruled out an October rate hike, sending Bitcoin surging to $86,000. It briefly approached $87,000, an eight-month high, before pulling back, but remains above $86,000. Ethereum is hovering around $2,700, while the Fear and Greed Index is around 70, in the greed zone. ADA led the market with a roughly 10% daily gain, and DOGE rose more than 3%. On the institutional front, Metaplanet added a net 1,000 BTC in Q3, bringing its holdings to 44,000 BTC. Saylor again posted “Getting more orange,” hinting at another purchase. Keep an eye on the approximately $339 million worth of HYPE tokens unlocking tomorrow; $87,000 remains a key resistance level.
Something to watch out for, everyone: Since October, Bitcoin has failed four times to break above its opening price of $87,000. If it gets rejected again, bullish sentiment may falter. I have red envelopes here 👉👉👉👉👉🧧🧧🧧🧧🧧👈👈👈👈
The price on the chart is below MA(99) at ~0.011406, so 0.01140–0.01145 is an important resistance zone. Also, the coin has fallen significantly over the past 48 hours, so volatility is very high. �
🇨🇳 October 6 | Crypto Market Brief $BNB 🧧 📊 BTC’s third attempt at $87K gets pushed back again
BTC is currently around $85.6–86.0K, after touching near $87K again yesterday before pulling back; ETH is around $2.71K, and SOL around $120.5.
BTC has faced selling pressure near $87K for the third time in a row, but the lows are gradually rising. The market is waiting for a decisive move. Total crypto market capitalization is around $2.93T.
🔴 ETF flows cool again
On October 5, U.S. spot BTC ETFs saw net outflows of around $89.9M, ending two consecutive days of net inflows. ETH ETFs saw net outflows of around $51M, marking their fifth consecutive day in the red.
SOL ETFs saw around −$9.3M, and ZEC ETFs around −$3.6M.
Institutional funds haven’t disappeared, but they have clearly slowed down in the short term.
🏦 Companies continue buying BTC and ETH
In its latest disclosure, Strategy said it had bought another 334 BTC, bringing its holdings to around 848,000 BTC.
Meanwhile, Strive bought around 2,000 BTC, while BitMine added around 15,112 ETH.
Prices are moving sideways, but corporate treasuries are still steadily absorbing spot supply.
🔥 HYPE faces a major unlock today
Hyperliquid is releasing 3.75M HYPE today, worth around $340M and representing about 1.69% of the circulating supply.
However, these tokens are not being sold directly on the open market. The team is selling them over the counter to a single institutional buyer, so the actual short-term selling pressure may be lower than the headline figure suggests.
🌡️ Another conflicting macro signal
The U.S. September ISM Services PMI fell to 54.9, indicating that the economy is still expanding; however, Prices Paid rose to 74, its highest level since July 2022.
The economy hasn’t clearly lost steam, but price pressures are heating up again. This is also an important reason why Treasury yields and the U.S. dollar continue to weigh on BTC.
⛓️ Ethereum: Glamsterdam enters a critical testing phase
Ethereum is testing the Glamsterdam upgrade on the Sepolia testnet today.
This is an important test ahead of the mainnet upgrade, but it is not a mainnet launch. An official date has not yet been set.
📊 Market Snapshot
BTC ≈ $85.6–86.0K ETH ≈ $2.71K SOL ≈ $120.5 BTC Dominance ≈ 58% Fear & Greed ≈ 73 Market Cap ≈ $2.93T
🎯 Today’s market is actually pretty simple:
$85K is holding, $87K hasn’t been broken, ETF flows are cooling, but corporate treasuries are still buying.
There’s resistance above, and buyers are stepping in below.