Crypto market sees sharp pullback, putting altcoins and liquidation figures under pressure
📰 Crypto Morning Brief | 2026-10-13 09:00
🔥 Major Events
1. UK High Court rules Chinese law applies in Blue Sky case — The UK High Court ruled in the “Blue Sky” case that Chinese law should apply to Chinese investors’ property claims over the Bitcoin involved…
2. Musk donates over $276 million to Republicans — The New York Times reported that Musk has contributed over $276 million to Republican groups and super PACs since early July…
📊 Market Data
1. Bitcoin falls below $82,000 as altcoins broadly decline — According to HTX market data, Bitcoin retreated below $82,000, while altcoins fell sharply: BOME dropped 30.04% in 24 hours…
2. $672 million liquidated across the market in 24 hours — According to Coinglass data, $672 million was liquidated across the market over the past 24 hours, including $586 million in long positions…
3. Machi Big Brother’s ETH long position just around $36 from liquidation — ETH fell below $2,500, and Huang Licheng (Machi Big Brother)’s long position fell to $8.5 million, with a liquidation price of $2,392.90…
4. Bitcoin retreats after rising, while oil prices reach a nearly one-month high — Bitcoin briefly climbed to $84,254 on Monday before retreating, at one point falling 2.2%; escalating tensions in the Middle East fueled risk aversion…
5. South Korean stock index plunges 5%, chip stocks slump — The KOSPI fell 5%, with SK Hynix down as much as 7% intraday and Samsung Electronics down 5.89%, on track for a fifth consecutive day of losses…
6. BLUR falls over 27% after news of frontend shutdown — Following news that Blur would shut down its website frontend, BLUR fell over 27% in 24 hours and is now trading at $0.0139…
7. US optical communications and memory chip stocks broadly decline — At Monday’s close, the Dow rose 0.38%, the S&P 500 fell 0.06%, and the Nasdaq fell 0.44%; optical communications and memory stocks broadly declined…
8. US-listed AI stocks broadly decline at the close — According to MSX.COM data, the Dow rose 0.38% at the close, the Nasdaq fell 0.44%, and the VIX Fear Index rose 2.49%…
9. Korea Exchange activates KOSPI sidecar mechanism — According to Bitget data, South Korean stock indexes plunged on the day, prompting the exchange to activate the KOSPI index sidecar mechanism…
10. Gold falls 0.3% to $4,157.84 per ounce — According to Gate data, gold fell to $4,157.84 per ounce, down 0.3% on the day…
11. Yi Lihua says Bitcoin’s correction may not be over — Yi Lihua, founder of Liquid Capital, said BTC has fallen below its 20-period moving average on the 4-hour chart…
🏛️ Regulatory Policy
1. Fed’s Hammack says further policy tightening is needed — Cleveland Fed President Hammack said monetary policy needs to reach a restrictive level to bring inflation back down to the 2% target…
💡 Project Updates
1. Blur announces website frontend shutdown on November 12 — NFT marketplace Blur announced that the blur.io website frontend will be discontinued on November 12, 2026; the change affects only the frontend…
2. Security alert: revoke Blur contract approvals — Yuga Labs VP of Blockchain Quit said they had reviewed Blur’s current contracts and found no exploitable vulnerabilities, but noted that the contracts support upgrades…
3. Meta releases Muse Wonder AI model series — Meta released two AI models, Muse Wonder and Muse Wonder Full…
4. Anthropic strengthens defenses against distillation attacks — Anthropic said preliminary evidence shows its new safeguards have reduced the number of Claude reasoning tokens extracted by distillation attackers by about 90%…
5. SoftBank-backed OPay plans New York listing — People familiar with the matter said SoftBank Group-backed OPay plans to raise about $500 million through a New York IPO and private placement…
6. Robinhood to increase investment in on-chain builders — Robinhood CEO Vlad Tenev said in response to a community question…
📊 Market Overview:
BTC $81,390 (-2.95%), funding rate 0.0042%
ETH $2,419.80 (-4.85%), funding rate -0.0027%
📍 Daily buy/sell levels:
$BTC Daily sell: $83,536 | Daily buy: $80,896
$ETH Daily sell: $2,536.17 | Daily buy: $2,398.30
BNB Daily sell: $750.51 | Daily buy: $724.17
$BTC #BTC $ETH #ETH
📰 Crypto Morning Brief | 2026-10-13 09:00
🔥 Major Events
1. UK High Court rules Chinese law applies in Blue Sky case — The UK High Court ruled in the “Blue Sky” case that Chinese law should apply to Chinese investors’ property claims over the Bitcoin involved…
2. Musk donates over $276 million to Republicans — The New York Times reported that Musk has contributed over $276 million to Republican groups and super PACs since early July…
📊 Market Data
1. Bitcoin falls below $82,000 as altcoins broadly decline — According to HTX market data, Bitcoin retreated below $82,000, while altcoins fell sharply: BOME dropped 30.04% in 24 hours…
2. $672 million liquidated across the market in 24 hours — According to Coinglass data, $672 million was liquidated across the market over the past 24 hours, including $586 million in long positions…
3. Machi Big Brother’s ETH long position just around $36 from liquidation — ETH fell below $2,500, and Huang Licheng (Machi Big Brother)’s long position fell to $8.5 million, with a liquidation price of $2,392.90…
4. Bitcoin retreats after rising, while oil prices reach a nearly one-month high — Bitcoin briefly climbed to $84,254 on Monday before retreating, at one point falling 2.2%; escalating tensions in the Middle East fueled risk aversion…
5. South Korean stock index plunges 5%, chip stocks slump — The KOSPI fell 5%, with SK Hynix down as much as 7% intraday and Samsung Electronics down 5.89%, on track for a fifth consecutive day of losses…
6. BLUR falls over 27% after news of frontend shutdown — Following news that Blur would shut down its website frontend, BLUR fell over 27% in 24 hours and is now trading at $0.0139…
7. US optical communications and memory chip stocks broadly decline — At Monday’s close, the Dow rose 0.38%, the S&P 500 fell 0.06%, and the Nasdaq fell 0.44%; optical communications and memory stocks broadly declined…
8. US-listed AI stocks broadly decline at the close — According to MSX.COM data, the Dow rose 0.38% at the close, the Nasdaq fell 0.44%, and the VIX Fear Index rose 2.49%…
9. Korea Exchange activates KOSPI sidecar mechanism — According to Bitget data, South Korean stock indexes plunged on the day, prompting the exchange to activate the KOSPI index sidecar mechanism…
10. Gold falls 0.3% to $4,157.84 per ounce — According to Gate data, gold fell to $4,157.84 per ounce, down 0.3% on the day…
11. Yi Lihua says Bitcoin’s correction may not be over — Yi Lihua, founder of Liquid Capital, said BTC has fallen below its 20-period moving average on the 4-hour chart…
🏛️ Regulatory Policy
1. Fed’s Hammack says further policy tightening is needed — Cleveland Fed President Hammack said monetary policy needs to reach a restrictive level to bring inflation back down to the 2% target…
💡 Project Updates
1. Blur announces website frontend shutdown on November 12 — NFT marketplace Blur announced that the blur.io website frontend will be discontinued on November 12, 2026; the change affects only the frontend…
2. Security alert: revoke Blur contract approvals — Yuga Labs VP of Blockchain Quit said they had reviewed Blur’s current contracts and found no exploitable vulnerabilities, but noted that the contracts support upgrades…
3. Meta releases Muse Wonder AI model series — Meta released two AI models, Muse Wonder and Muse Wonder Full…
4. Anthropic strengthens defenses against distillation attacks — Anthropic said preliminary evidence shows its new safeguards have reduced the number of Claude reasoning tokens extracted by distillation attackers by about 90%…
5. SoftBank-backed OPay plans New York listing — People familiar with the matter said SoftBank Group-backed OPay plans to raise about $500 million through a New York IPO and private placement…
6. Robinhood to increase investment in on-chain builders — Robinhood CEO Vlad Tenev said in response to a community question…
📊 Market Overview:
BTC $81,390 (-2.95%), funding rate 0.0042%
ETH $2,419.80 (-4.85%), funding rate -0.0027%
📍 Daily buy/sell levels:
$BTC Daily sell: $83,536 | Daily buy: $80,896
$ETH Daily sell: $2,536.17 | Daily buy: $2,398.30
BNB Daily sell: $750.51 | Daily buy: $724.17
$BTC #BTC $ETH #ETH