$BTC $ETH Guys, stop guessing. This crash was all that old bastard Trump’s doing! 🚨
The on-chain data nails it: in the early hours, a U.S. government wallet dumped a hundred million worth of crypto straight onto an exchange. And I mean dumped it straight onto the market! That’s not all—I dug into their wallets, and they’re still sitting on 27.4 billion worth of crypto they haven’t touched! 27.4 billion, guys. That’s a damn nuclear bomb hanging over our heads. 🚨
How did the market react? It freaked the hell out. Whales ran faster than rabbits, retail investors were left clueless and panic-sold right along with them, and liquidity dried up in an instant. Of course it crashed. 🚨
Trump talks about supporting crypto, but then pulls this behind the scenes? Let’s be real: the government seized these coins years ago, and now they need money, so they’re dumping them—who cares if the market lives or dies. Decentralization? In the face of power, it’s all a joke. 🚨
What’s the scariest part now? If they slowly unload that 27.4 billion, it’ll be death by a thousand cuts—a slow bleed that’ll make you want to die. So don’t rush to buy the dip. First, see what move the old bastard makes next. 🚨
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October’s crypto market is being shaped by established names, but each has a different catalyst.
$BTC remains the market’s reference point after a strong September, with CoinGecko recording an October 5 close around $85,771. The key question is whether buying momentum can continue.
For $ETH, the focus is on its upcoming testnet and the path toward the next mainnet upgrade.
SOL and BNB are also approaching ecosystem and technical milestones, but announcements alone won’t guarantee sustained demand.
For XRP, attention is on whether validators approve the repaired Batch amendment.
The bigger point: network upgrades and events can change expectations, but price ultimately needs real demand and sustained activity.
October could be less about headlines and more about which networks actually convert development into usage.
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$BTC Last night I actually touched 80k; this time it looks a bit worse than the day before yesterday. BTC is now around 81,700, and last night the low already dipped to 80,345. The day before yesterday I still thought that around 82k it might grind sideways a bit, but last night it was just driven straight to the doorstep of 80k.
💸 This time the ETF is definitely moving the money. On October 7, the U.S. BTC spot ETF had a single-day net outflow of $484.9 million; BlackRock’s IBIT alone had an outflow of $207.7 million. On October 8, the disclosed data so far is also about -$41.5 million. In two days, it’s already over $500 million. This isn’t quite like those previous days where there’s “outflow one day, then bought back the next.” I’ll watch it for another couple of days.
🏛️ Yesterday, the U.S. government wallet also pulled off a big one. Related to the Bitfinex hacker case: 12,267 BTC—worth roughly $1 billion—was moved in total. But don’t jump to “the U.S. government transferred $1B BTC, so it’s going to dump” just yet—these coins are currently going to an unmarked wallet, not an exchange, and there’s no evidence they’ve been sold.
🌍 Things aren’t calm outside either. Brent crude last night closed at $104.28, up about 4%. The U.S. 10-year yield has been fiddling around at high levels during the day—good thing the 30-year Treasury auction demand was solid; later the 10-year yield fell back to 5.227%.
At least the bond market didn’t keep hammering things to death. Now look at the positioning/positions in the book: 📊 BTC OI: 93.3k coins 📉 Yesterday it was about 95.8k coins, down roughly 2,470 BTC 🟢 Longs in ordinary accounts: 65.2% 🐋 Longs in large-holder positions: 62.2% 💰 Funding rate: +0.00177% 🔻 Recent 4H active buy/sell ratio: 0.93
If the price gets smashed down from 83k, the OI drops too—last night did indeed wipe out another chunk of leverage. But the weird part is: the more it drops, the more longs there are. Yesterday the long-account share was around 62%; today it’s already 65%. 80k is right in front—let’s see whether it can actually be broken through. #币安推出BinanceIntelligence