Track market-moving stories before they get noisy

The cryptocurrency market enters October 12–16 under pressure, with inflation reports and employment figures dominating the economic calendar. 

Bitcoin price managed to stay around $82,900 while Ethereum continued to trade at under $2,500 and XRP was in the vicinity of $1.38 following days of declines. The Fear and Greed Index registered 56, providing a sentiment ahead of the week’s major releases

Cryptocurrency Market Outlook for Bitcoin, ETH and XRP Bitcoin’s decline followed rejection from the $86,000 to $90,000 resistance area, weakening its prospects for a recovery. Ethereum price and XRP are also having a tough week, with economic news potentially impacting demand for top digital assets.

🇺🇸 Big Week Ahead for Markets

5 Key Events Could Decide the Fed’s Next Rate Hike

1. Tuesday, ADP Weekly Employment Change:
Shows how many private-sector jobs are being added. Job growth rose 18.75% in last week’s report.

2. Wednesday, CPI Inflation:
Core inflation hit its lowest level in 5 years last month. The next reading will show whether inflation is cooling or picking up again.

3. Thursday: PPI Inflation:
Last month’s reading was hotter than expected. Another rise could mean higher costs for businesses, which may eventually be passed on to consumers.

4. Thursday: Initial Jobless Claims:
Shows how many Americans are filing for unemployment benefits for the first time, signalling whether layoffs are increasing.

5. Friday, Kevin Warsh Speech:
Markets will closely watch his comments for clues about the Fed’s next interest rate decision.

— Bull Theory (@BullTheoryio) October 10, 2026

Washington temporarily lifted sanctions on Russian fuel after announcing a diesel supply agreement Friday. Lower fuel prices could ease inflation pressures, although renewed attacks on energy infrastructure could interrupt supplies.

U.S. stock exchanges remain open Monday, while banking and bond trading face the Columbus Day holiday. The cryptocurrency market continues trading, leaving digital assets exposed to developments before the main economic releases.

ADP Employment and Inflation Reports Lead the Calendar Tuesday’s ADP employment update will offer another indication of whether private employers are increasing recruitment or slowing hiring. Its previous release recorded average weekly gains of 23,750 jobs during the four weeks ending September 19.

The rolling estimate provides a timely employment signal, although preliminary figures can change as more information becomes available. Stronger hiring could reinforce expectations for restrictive policy, while weaker employment growth could encourage caution.

The Bureau of Labor Statistics will release September’s Consumer Price Index on Wednesday, October 14. Investors will be looking for relief in underlying price pressures, as indicated by core inflation—excluding food and energy. A softer reading could reduce tightening concerns, although expensive energy may continue supporting headline inflation.

Thursday brings the Producer Price Index, which tracks selling prices received by domestic producers for their output. Rising costs could complicate the inflation outlook if companies pass higher expenses to consumers.

Initial unemployment claims also arrive Thursday, measuring how many Americans apply for jobless benefits for the first time. Higher claims could indicate increasing layoffs, giving policymakers another signal about conditions across the labor market.

Kevin Warsh Remarks Could Influence Rate Expectations Federal Reserve Chair Kevin Warsh will join IMF Managing Director Kristalina Georgieva for a fireside discussion Friday. The appearance follows the inflation releases, giving markets an opportunity to assess his interpretation of the latest figures. 

His remarks may impact on borrowing costs in addition to shaping demand throughout the cryptocurrency market place. Investors will pick up on his inflation risk, employment and future monetary policy views.

Fedwatch The CME FedWatch shows an 82.3% chance that Federal Reserve officials will leave rates unchanged on Oct. 28. The same applies to the chances of a quarter-point increase from the current target rate range of 3.75% to 4.00%, which are also 17.7%.

Bitcoin ETF Weekly Outflows Hit 3-Month High, Ethereum Funds Extend Losing Streak

Crypto markets had plenty to discuss this week, from a long-range Bitcoin forecast to shifting ownership patterns among governments. Corporate strategy, cybersecurity and exchange-traded funds also entered the conversation.

Analysts and industry executives offered competing signals: optimism about Bitcoin’s future, caution over dilution, concern about artificial intelligence and disappointment surrounding Dogecoin’s short-lived ETF experiment.

Bitcoin’s $500,000 PossibilityStrive CEO Matt Cole said Bitcoin could reach $500,000 by 2030, citing rising U.S. debt, potential Treasury bond market intervention and a weakening dollar. Speaking on the "What Bitcoin Did" podcast, Cole predicted the dollar could suffer its largest decline of the Bitcoin era within three to seven years.

Read the full article here.

Strategy’s Dilution ChallengeTD Cowen lifted its Bitcoin forecast to $109,000 but kept its price target for Strategy at $260. Analysts Lance Vitanza and Jonnathan Navarrete said the company’s capital structure could reduce the per-share benefit investors might otherwise receive from a higher Bitcoin price.

Read the full article here.

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Governments Expand Bitcoin HoldingsCryptocurrency analyst Willy Woo said nation-state adoption of Bitcoin has outpaced individual ownership. Woo referenced data from Bitcoin-focused company River, showing that the number of countries holding Bitcoin increased from two in 2016 to as many as 23 in 2025.

Read the full article here.

Buterin Flags AI-Related Cryptography RisksEthereum co-founder Vitalik Buterin urged the crypto industry to take "AI-accelerated attacks" seriously. In an X post, he said artificial intelligence could speed mathematical advances enough to weaken lattice-based cryptography, which is considered more resistant to quantum attacks.

Read the full article here.

Dogecoin ETF Heads Toward ShutdownBitwise CEO Hunter Horsley called the firm’s spot Dogecoin ETF "tragic" as trading is scheduled to end after Oct. 14, less than one year after its November 2025 launch. Horsley said, "I like Dogecoin, I own Dogecoin," but added that the token "went nowhere as an ETF."

Read the full article here.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Photo courtesy: Shutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Solana (CRYPTO: SOL), Chainlink (CRYPTO: LINK) and three other altcoins are picking up real adoption signals, according to Altcoin Daily, as institutions look beyond Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP).

Solana Keeps Picking Up Real-World DealsAltcoin Daily on Monday reported that Solana retook the top spot in daily tokenized equity trading volume with 34% market share, overtaking BNB (CRYPTO: BNB) Chain.

The network also landed a partnership with Samsung to bring USDC (CRYPTO: USDC) transfers to 82 million US Galaxy devices starting late October, letting Samsung Wallet users send money across borders on Solana.

Former Solana Foundation executive Austin Federa said transaction finality has already dropped sharply in recent months.

The upcoming Alpenglow upgrade aims to cut finality time from about 12.5 seconds to as low as 150 milliseconds by year-end or early next year.

Chainlink Keeps Stacking Institutional PartnersChainlink logged 40 new integrations across 24 partners in September alone, including Coinbase (NASDAQ:COIN), Infosys (NYSE:INFY), Paxos and Circle (NYSE:CRCL).

Altcoin Daily frames this kind of steady, institution-friendly growth as exactly what large allocators tend to favor over flashier, newer projects.

Ethereum’s Swift Deal Comes With a CatchEthereum (CRYPTO: ETH) picked up a major signal when Swift, which processes hundreds of millions of transactions daily, chose it to build a tokenized ledger.

Swift built that ledger on Hyperledger Besu, though, a permissioned private version of Ethereum that doesn’t require burning ETH or paying gas fees on the public mainnet.

That means no direct economic benefit flows to ETH holders yet. Besu nodes can still connect to the public mainnet, which Altcoin Daily calls an early step toward deeper integration down the line.

Two More High-Conviction PicksAltcoin Daily also flagged Bittensor (CRYPTO: TAO), noting Grayscale filed for a spot Bittensor ETF late last year that hasn’t been approved, drawing a comparison to Bitcoin’s pre-ETF setup.

Hyperliquid as measured by Hyperliquid Strategies (NASDAQ:PURR) rounds out the list as a platform built specifically for high-throughput trading of financial assets on-chain, unlike Solana’s general-purpose design.

Where the Broader Market Could Head NextCrypto’s total market cap grew from under $1 trillion in 2017 to $2.8 trillion by late 2021, then topped out near $4.2 trillion last cycle. 

Altcoin Daily’s bear case for the next cycle sits around $6 trillion, with a base case of $10 to $12 trillion. 

Under that scenario, Bitcoin could take 50% to 70% of total market share, implying a price range of $180,000 to $250,000, with altcoins absorbing the rest.

Photo via Shutterstock

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

In brief U.S. spot Bitcoin ETFs are down a net $386.3 million for October after Wednesday’s $484.9 million exit, their worst day since June, despite a $21.1 million inflow on Friday. Ethereum ETFs extended their outflow streak to nine days, losing $635 million in October and nearly $700 million over the full streak. Solana ETFs are also negative for the month, at a loss of $24.8 million after five straight days of outflows “Uptober” isn’t living up to its name for crypto ETFs.

U.S. spot Bitcoin ETFs took in $21.1 million on Friday, according to Decrypt’s ETF tracker. That’s a modest bounce after back-to-back outflows of $484.9 million on Wednesday and $244.1 million on Thursday. Even so, the funds are down a net $386.3 million through the first seven trading days of October.

Myriad: How low will Bitcoin go? Click to make your prediction.Bitcoin and other crypto asset ETFs allow investors to gain exposure to digital currencies without using crypto exchanges or wallets. These funds track the price of the asset and trade like stocks on a brokerage app. They’ve been very successful since their launch, and flows in and out of the funds have become a reliable measure of current market sentiment.

The month started strong, with $292.6 million in inflows across Oct. 1 and 2. A $118.8 million inflow on Oct. 6 couldn’t offset the selling that followed, and Wednesday’s exit was the funds’ worst day since June.

Bitcoin ETF flows. Image: DecryptThat’s a sharp reversal from September. After the Senate’s failed cloture vote on the Clarity Act triggered heavy outflows in mid-September, Bitcoin ETFs reeled off a nine-session inflow streak worth roughly $3 billion. That run pushed 2026’s year-to-date flows back into positive territory.

Ethereum ETFs have fared worse. The funds shed $56.1 million on Friday, extending their outflow streak to nine straight trading days.

Ethereum ETF flows. Image: DecryptThey’ve lost $635 million so far in October and nearly $700 million over the full streak, with the heaviest single-day exit, $201.9 million, coming on Oct. 6. Cumulative net inflows since launch stand at $13.2 billion, and total net assets are $14.5 billion.

Solana ETFs are also in the red for October, though on a much smaller scale. The funds lost $3.8 million on Friday, their fifth straight day of outflows, bringing October’s net total to a loss of $24.8 million. Their only inflow this month was $1.3 million on Oct. 2. Cumulative net inflows stand at $137.9 million.

For Bitcoin ETFs, cumulative net inflows since launch total $57.6 billion, and the funds hold $100.6 billion in total net assets, according to Decrypt’s tracker.

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MAJURO, Marshall Islands, Oct. 11, 2026 (GLOBE NEWSWIRE) -- Remittix has opened PayFi access to 1,000 invited RTX holders, moving its crypto-to-bank payment platform into a hands-on testing phase ahead of the scheduled November 24, 2026 token launch.

Invited participants can test EUR and USD routes while Remittix prepares additional currencies, assets and networks. The rollout lets users experience crypto-to-bank settlement before wider availability.

The milestone arrives as Bitcoin price prediction models extend toward $200,000 and Solana completes a major speed upgrade targeting 200-millisecond block times. Both developments reflect the scale of crypto’s next adoption cycle, but Remittix offers an earlier opportunity through a utility ecosystem approaching its first public-market launch.

Remittix Opens PayFi to 1,000 Invited Holders

Remittix PayFi is designed to remove the complexity that often separates cryptocurrency from everyday financial activity. A sender can fund an eligible transaction with supported digital assets while the intended recipient receives conventional currency through a compatible bank account.

The current testing phase supports crypto-to-fiat and fiat-to-crypto activity through EUR and USD routes. USDT and USDC are available across selected networks including Ethereum, Celo, Base and Polygon, with wider asset and currency support planned.

This model could serve freelancers, overseas suppliers, families sending remittances and crypto holders withdrawing portfolio value. Recipients do not need to manage tokens, exchanges or complicated off-ramps.

A Connected Ecosystem Strengthens the RTX Story

The Remittix ecosystem extends beyond payments. Its iOS wallet has recorded over 10,000 downloads, an Android edition is awaiting approval and a planned rebuild will connect the project’s major products.

Its trading platform, Remittix Markets, is already used by thousands of traders, offers hundreds of perpetual pairs and has processed more than $50 million in volume. Remittix Earn is approaching release with advertised yields of up to 22% APY on eligible crypto and stablecoin holdings.

Combining payments, asset management, derivatives trading and earning could give RTX multiple sources of recurring demand. A user entering the ecosystem to make a transfer could remain to trade, hold assets or access earning opportunities without moving capital between separate platforms.

Bitcoin Price Prediction Hits $200,000 as Solana Targets $300

Bitcoin recently traded near $83,000 after rebuilding liquidity and institutional demand during 2026. A $200,000 Bitcoin price prediction implies approximately 141% upside from that level and reflects an aggressive scenario driven by ETF adoption, corporate treasury demand and Bitcoin’s fixed supply.

Solana recently traded near $110, making $300 a potential 173% move. Its 200-millisecond block-time upgrade completes a series of cuts from 400 milliseconds and creates up to five block-production opportunities per second.

Bitcoin and Solana require substantial capital to deliver those returns. Remittix enters the same market from a much earlier stage, with PayFi already being tested before RTX reaches public exchanges.

The RTX Pre-Launch Window Is Narrowing

Remittix has raised more than $32 million from over 40,000 participants toward its $36 million hard cap. RTX is currently available at $0.23, while $0.46 is the announced final presale price and planned minimum exchange launch price.

With the November 24 date locked and invited users now testing PayFi, the remaining presale allocation represents the final entry period before open-market trading begins. Remittix is approaching that moment with payments, Markets, wallet adoption and Earn converging around a single token economy.

About Remittix

Remittix is developing a connected PayFi ecosystem for crypto-to-bank and bank-to-crypto transactions. Its products include international payment settlement, a mobile wallet, Remittix Markets and the forthcoming Remittix Earn service.

Website: https://remittix.io

X: https://x.com/remittix

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Company: Remittix
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Bitcoin Remittix

Bitcoin Remittix Source: Remittix

France Wants to Tax Crypto Holders Before They Sell

7h00 ▪ 4 min read ▪ by Fenelon L.

Summarize this article with:

Strive’s SATA program reportedly generated about 55 million dollars this week, enough to buy nearly 638 bitcoins. But this financing capacity depends directly on the preferred stock price. From Wednesday, the stock fell below 100 dollars, preventing the company from continuing its issuances. A limit that recalls the risks of the Strategy-inspired model.

In brief The SATA program reportedly brought in 55 million dollars, the equivalent of 638 bitcoins, according to trackers. The stock closed below its nominal value of 100 dollars for three sessions out of five, slowing new issuances. As of October 2, Strive held 29,462 bitcoins, according to its latest official filing, which also reports 1,304,902 additional preferred shares. Financing stopped below 100 dollars The mechanism relies on a simple logic. Strive, which held 27,462 bitcoins at the end of September, gradually sells SATA preferred shares as part of an “at-the-market” (ATM) program. The company then uses the funds raised to strengthen its bitcoin reserve.

However, this device imposes a condition: the stock must remain above its nominal value of 100 dollars. Yet, this week, SATA only exceeded this threshold on Monday and Tuesday. From Wednesday onward, the price dropped below, thus cutting the main source of financing for purchases.

According to trackers, Strive still raised about 55 million dollars over the week, enough to acquire nearly 638 bitcoins. This estimate is based on trades executed above par and on a ratio calculated from previous company statements. With bitcoin around 82,800 dollars Friday, this amount matches the announced magnitude.

Strive takes the lead over Strategy Michael Saylor popularized this strategy at Strategy thanks to STRC, its perpetual preferred variable rate share. Strive adopts the same principle with SATA, but on a smaller scale.

In its October 5 filing with the SEC, Strive indicates having issued 1,304,902 additional preferred shares between September 25 and October 2. Their nominal value thus exceeds 130 million dollars. 

Over the same period, Strategy sold no STRC shares and financed the purchase of 334 bitcoins with common shares, bringing its reserve to 848,000 units. However, Saylor sees Strive as an ally rather than a rival.

Dividends to finance over time This strategy nevertheless has a cost. Each SATA issuance brings immediate funds but also increases the dividends that Strive will have to pay in the future. As of September 30, the company estimated its annualized obligations at 168.2 million dollars, for 1.294 billion dollars of shares issued at par.

Moreover, its portfolio remains exposed to bitcoin fluctuations. As of September 30, Strive held 28,000 BTC purchased at an average price of 90,170 dollars, while their market value reached about 2.34 billion dollars. Bitcoin was then trading below this acquisition cost. The 2,000 bitcoins bought the following week were acquired at about 84,422 dollars each.

The next official filing will be awaited to know the exact balance of the week. Meanwhile, the 638 bitcoins remain an estimate. One thing is certain: Strive’s model works as long as investors accept to buy SATA above its nominal value.

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Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Russia has introduced new electricity supply rules requiring cryptocurrency mining farms to accept lower-priority power connections, allowing authorities to disconnect their facilities during shortages while protecting electricity supplies for households and other consumers.

Summary

Russia has limited cryptocurrency mining grid connections to Category 4 reliability under government Resolution 1300. Mining farms face priority electricity cuts during shortages as authorities seek to protect other consumers. The October 6 decree covers cryptocurrency mining facilities, mining pools, and companies operating mining infrastructure. Previously submitted grid connection applications remain subject to revised requirements if their processing remains incomplete. Russia introduced Category 4 power connections in February 2026 to manage electricity shortages more effectively. The Russian Ministry of Energy confirmed the changes on October 9 following the government’s adoption of Resolution No. 1300 on October 6. The measure requires cryptocurrency miners and mining infrastructure operators seeking connections to the national electricity grid to use Category 4 power supply reliability, which permits interruptions when electricity is needed elsewhere.

The new requirements apply across Russia, including regions where mining is permitted. They affect new grid connection applications and certain previously submitted requests that have not been completed.

Russia requires crypto miners to accept lower-priority electricity Under the new rules, companies operating cryptocurrency mining farms can connect their equipment to electricity networks only through Category 4 power supply arrangements.

Government Resolution No. 1300 amended the country’s existing electricity connection regulations, introducing a specific requirement for facilities used to mine digital currencies or provide mining infrastructure services.

The measure covers companies operating mining equipment, businesses participating in mining pools and infrastructure providers supporting cryptocurrency mining activities.

Category 4 connections have a lower supply priority than conventional electricity arrangements. Operators accepting these connections must be prepared for interruptions when electricity networks experience shortages or operational problems.

The Ministry of Energy said mining facilities could be disconnected without the advance coordination normally associated with higher-priority electricity users.

According to the ministry, placing miners in this category will help prevent additional electricity demand from reducing the power available to other customers.

The government expects the arrangement to allow mining facilities to use existing electricity infrastructure without requiring the same level of guaranteed capacity provided to higher-priority consumers.

Importantly, the decree does not impose an immediate nationwide shutdown of operating mining farms. It changes the conditions under which mining facilities obtain grid connections and establishes rules for handling electricity shortages. The text does not establish that every facility already operating under a completed higher-priority connection must immediately move to Category 4.

Bitcoin mining farms could lose power during shortages The Category 4 framework was introduced in February 2026 through Government Resolution No. 103, which established a separate electricity connection arrangement for consumers willing to accept a less reliable supply.

The February regulations allow eligible electricity users to obtain connections when the existing grid cannot support another conventional connection without infrastructure improvements.

However, customers using the lower-priority arrangement face restrictions during emergency conditions.

According to the government rules, Category 4 consumers are placed ahead of most other electricity users when authorities prepare emergency power reduction schedules. Their electricity is generally restored after supplies return to higher-priority customers.

For cryptocurrency miners, the October decree makes Category 4 the required reliability category for qualifying new grid connections. Officials explained that the measure would help address unexpected increases in electricity demand from mining facilities, which can operate continuously and require substantial power capacity.

In its statement, the Energy Ministry described the changes as supporting the “efficient use of existing energy infrastructure” while protecting reliable electricity supplies for residents.

Mining operators would remain responsible for managing their operations when electricity becomes unavailable. The regulations do not promise uninterrupted service or require authorities to maintain power for mining equipment during shortages.

The decree’s technical requirements cover grid connection procedures and the equipment needed for emergency electricity restrictions.

Applications may be rejected if the electricity system operator determines that the requested connection cannot meet the applicable technical conditions.

Russia updates mining restrictions in areas facing power shortages The latest rules contain provisions for regions where the government has restricted cryptocurrency mining because of electricity supply concerns.

Under Resolution No. 1300, the treatment of Category 4 mining connections depends on whether the government has imposed a complete mining prohibition in a particular territory. Where a complete ban applies, electricity providers cannot accept new Category 4 connection applications for mining equipment covered by that restriction.

Processing of previously submitted applications and work under certain existing connection agreements must be suspended until the relevant prohibition is lifted. Once a complete prohibition ends, the rules require electricity network companies to resume specified procedures and address affected connection agreements within the periods established by the decree.

The legislation separately provides for certain regions where mining may operate under Category 4 connections despite restrictions that would otherwise apply.

However, qualifying for a lower-priority electricity connection does not automatically exempt mining operators from every regional ban. Russia has expanded its regional mining restrictions several times since legalizing regulated cryptocurrency mining in 2024.

Earlier measures covered parts of the North Caucasus and Siberia, where electricity shortages and growing demand had raised concerns among local authorities.

In August 2026, Russia expanded restrictions on cryptocurrency mining in Moscow, the surrounding Moscow Region and designated areas of Kursk.

Government Resolution No. 936 introduced restrictions beginning August 15, 2026, with an end date of December 31, 2032, unless amended.

Regional energy officials had estimated that cryptocurrency mining consumed approximately one gigawatt of electricity within Moscow’s power system. The figure was cited during discussions about preventing capacity shortages.

Separate regional cryptocurrency mining controls were introduced beginning in January 2025, including seasonal restrictions affecting parts of Buryatia, Zabaykalsky Krai and Irkutsk.

The October electricity connection decree operates alongside the existing restrictions governing where mining activity is permitted.

New power rules affect pending mining connection applications Mining companies planning new facilities must now account for the Category 4 requirement when submitting grid connection requests.

The decree amends the technical connection process and requires qualifying mining facilities to meet the relevant conditions covering system capacity, protective equipment and electricity network operations. For applications already submitted but not yet completed, the new framework may change how electricity providers review requests and issue technical connection conditions.

Government Resolution No. 1300 specifies that when a complete regional mining ban applies, providers must suspend the processing of affected pending applications, the signing of relevant connection agreements and certain previously agreed implementation deadlines.

The legislation sets procedures for restarting those processes when a full prohibition is canceled, including requirements concerning updated connection agreements and applicable charges. In cases where a grid operator cannot approve the necessary Category 4 connection conditions, the regulations provide for rejection or cancellation of applications under specified circumstances.

Russia’s Federal Antimonopoly Service had separately proposed restrictions preventing electricity companies from conducting cryptocurrency mining or supplying certain facilities and capacity to mining businesses. Bits.media reported on October 10 that the proposal formed part of regulatory discussions concerning electricity providers’ involvement in the mining industry. The October 6 decree does not establish that the antimonopoly proposal has been adopted.

The Ministry of Energy has not announced how many mining farms will require new connections under Category 4 or how much electricity capacity the changes are expected to release for other consumers.

Crypto analyst Darkfost posted on X that Bitcoin has entered a phase of sharply intensifying selling pressure. Notably, this refers to potential selling pressure, not actual realized selling activity. The “Seller Exhaustion Indicator” combines profitable supply and volatility (returns) to distinguish between market risk and stable phases, serving as a valuable metric for short-term market analysis. As the recent rally pushed Bitcoin’s price above $85,000, the indicator signals the market is entering a stage where selling pressure could escalate. The indicator’s shift has been quite sudden, especially evident among short-term holders. Since volatility tends to weaken over time, excessive focus on specific numerical values is unwarranted, though the overall trend is clear. Currently, the indicator has hit a critical level matching the one that signaled a local top in this cycle. Moving forward, it remains to be seen whether market demand can improve to limit potential pullbacks; if volatility contracts accordingly, that would also help the indicator return to normal.

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A crypto whale takes a long position on BTC, with unrealized profit exceeding $10 million.

According to TradingBeats monitoring, Hyperliquid whale address 0x8ea8…edbc holds 1,000 BTC long positions, with the position valued at approximately $83.04 million. The address uses 3x full leverage, with an average entry price of around $72,771, current unrealized profit of roughly $10.27 million, and a position return rate of about 37.1%. The address already held around 800 BTC long positions as early as May 11, with an unrealized profit of approximately $5.3 million at that time, before increasing the position size to 1,000 BTC. As of press time, the BTC contract mark price is approximately $83,037, some 14.1% higher than the address’s average entry price. The estimated liquidation price for the position is around $50,382, roughly 39.3% lower than the mark price.

18 minutes ago

10h20 ▪ 6 min read ▪ by Luc Jose A.

Summarize this article with:

Bitcoin could one day equal the gold capitalization, estimated around 30000 billion dollars, according to Matt Hougan, Chief Investment Officer of Bitwise. This scenario would imply a price close to 1.5 million dollars per BTC, but is based on a historical comparison and not on a short-term forecast.

In brief According to Matt Hougan from Bitwise, Bitcoin could reach a capitalization of 30,000 billion dollars, comparable to that of gold. This scenario would correspond to a theoretical price of about 1.5 million dollars per BTC. Bitcoin ETFs could encourage institutional adoption and support long-term demand. The supply limited to 21 million BTC could strengthen upward pressure on prices. Matt Hougan favors a long-term view, without setting a date to reach this goal. Bitwise compares bitcoin to gold after ETF launch Matt Hougan bases his reasoning on the trajectory followed by the gold market since the appearance of its first Exchange-Traded Funds in the United States. At the launch of the SPDR Gold Shares in 2004, the capitalization of the precious metal was about 2500 billion dollars.

More than twenty years later, this value is close to 30,000 billion dollars, according to the estimate chosen by the Bitwise executive. The introduction of ETFs has facilitated access to gold, as investors could be exposed to it from a securities account without buying or directly holding bars.

Hougan sees a comparable situation for bitcoin. When spot bitcoin ETFs were authorized in the United States in January 2024, the cryptocurrency already represented a market close to 1000 billion dollars. Its capitalization then temporarily exceeded 2000 billion.

Matt Hougan stated in a video shared on October 9 :

I think it could easily do what gold has done, that is to say reach 30,000 billion dollars, which gives a rather interesting price target

This comparison mainly suggests that ETFs could gradually broaden the investor base. It does not guarantee that bitcoin will reproduce gold’s past performance.

A capitalization of 30,000 billion would give a BTC price of 1.5 million Bitcoin was trading around 83,000 dollars at the time of the statement, for a capitalization close to 1,650 billion dollars. Reaching 30,000 billion would therefore require multiplying its total value by about 18.

With nearly 20 million bitcoins already in circulation, such a capitalization would correspond to a theoretical price of about 1.5 million dollars per unit. This calculation is slightly lower if the maximum limit of 21 million BTC is used, which will not be reached until around 2140.

This amount does not constitute the official goal of a Bitwise fund. Hougan also did not announce a specific date for his 30,000 billion scenario. He rather recommends evaluating bitcoin over a long period, possibly up to ten years.

In March 2026, the executive presented another hypothesis to justify a bitcoin price of one million dollars. He then estimated that the combined gold and BTC market could reach 121,000 billion dollars in ten years if its historical growth continued. Bitcoin should capture about 17% of this to exceed one million dollars.

These projections therefore rely on two conditions: a continuous expansion of the global value reserve market and an increase in the share occupied by bitcoin.

ETFs can reduce the supply available on the market Spot bitcoin ETFs allow institutional investors, financial advisors, and savers to be exposed to BTC without managing a digital wallet. This simplicity could support long-term demand, according to Bitwise.

The maximum number of bitcoins remains limited to 21 million, while the issuance of new units decreases with each halving. If ETF purchases sustainably exceed the amount put up for sale by holders, the scarcity of the available supply can exert upward pressure on the price.

However, this mechanism does not work in a linear way. A price increase may encourage historical investors to sell, while large ETF outflows may reinforce corrections. Institutional demand therefore neither removes cycles nor volatility.

Bitwise also defends bitcoin’s status as a digital store of value. This function remains contested due to its shorter history, its strong price fluctuations, and its sometimes risky technology asset-like behavior.

Investor behavior remains the main risk Matt Hougan does not consider technical problems as the primary threat to his scenario. He rather cites investor behavior, notably their difficulty in holding their positions during sharp declines.

Bitcoin has already undergone several corrections greater than 70% in its history. The use of leverage can further amplify losses and cause liquidations before a possible market recovery.

A capitalization of 30000 billion also assumes that authorities continue to accept the integration of bitcoin into the traditional financial system. Stricter regulations, a sustained drop in demand, or BTC’s inability to gain shares from gold could invalidate this assumption.

The Bitwise scenario thus illustrates bitcoin’s theoretical potential rather than a certain destination. Between its current capitalization and that of gold, the gap remains above 28000 billion dollars.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Whale Alert has detected that a dormant Bitcoin address, inactive for 15.9 years, has just been activated, holding 0.05 BTC worth $4,152.

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According to TradingBeats monitoring, Hyperliquid whale address 0x8ea8…edbc holds 1,000 BTC long positions, with the position valued at approximately $83.04 million. The address uses 3x full leverage, with an average entry price of around $72,771, current unrealized profit of roughly $10.27 million, and a position return rate of about 37.1%. The address already held around 800 BTC long positions as early as May 11, with an unrealized profit of approximately $5.3 million at that time, before increasing the position size to 1,000 BTC. As of press time, the BTC contract mark price is approximately $83,037, some 14.1% higher than the address’s average entry price. The estimated liquidation price for the position is around $50,382, roughly 39.3% lower than the mark price.

18 minutes ago

Bitcoin hardware wallet manufacturer COLDCARD has launched an investigation after an unauthorized phishing message appeared on its official X account on October 11, directing users toward a fraudulent wallet security website before the company deleted the post.

Summary

COLDCARD confirmed its official X account published a phishing link, which the company later deleted. The fake post reportedly claimed firmware vulnerabilities and directed Bitcoin holders toward fraudulent migration instructions. COLDCARD said it uses offline two factor authentication and restricted account access dating to 2017. The company contacted X after finding no matching login or session records, according to reports. No verified financial losses or confirmed explanation for the account incident have been publicly established. COLDCARD confirmed the incident in a public statement, warning customers against opening the suspicious link or following its instructions. The company said its account had used offline two-factor authentication and restricted access since 2017, while investigators were examining how the post appeared. COLDCARD has contacted X and is reviewing account access records to establish what happened.

The manufacturer emphasized that its only official website is coldcard.com and said it would publish further information after verifying the findings.

We are investigating how a post containing a phishing link was published from this account. It has since been deleted.

Do not visit or interact with that link. COLDCARD’s only official website is https://t.co/veUyheguQW.

This account has used offline 2FA with tightly restricted… pic.twitter.com/bLwwUb1CVu

— COLDCARD (@COLDCARDwallet) October 11, 2026 COLDCARD warns users after fake Bitcoin security post The suspicious message appeared on COLDCARD’s verified X account, which the company ordinarily uses to communicate security notices, firmware releases and product information.

According to reports published on October 11, the unauthorized post presented itself as an urgent warning about a supposed vulnerability affecting recovery phrase generation in newer wallet firmware. The message reportedly instructed customers to move their Bitcoin holdings through a security migration process and directed them to a website impersonating COLDCARD.

Security observers identified the link as a phishing attempt designed to persuade wallet owners to follow fraudulent instructions. The exact operation of the website, including whether it collected recovery phrases or distributed malicious software, has not been independently established.

The company subsequently deleted the post and issued a public warning against visiting the linked website. In its statement, COLDCARD said, “We are investigating how a post containing a phishing link was published from this account.” It instructed customers not to interact with the website while its security review continued.

The warning specifically concerns the unauthorized social media message. The company has not confirmed a new firmware vulnerability associated with the phishing post. COLDCARD has not disclosed how long the fraudulent message remained visible or how many users may have visited the website before its removal.

No verified reports establishing direct financial losses from the October 11 phishing attempt were identified in the reviewed sources.

COLDCARD questions how its X account was accessed Following the removal of the phishing post, COLDCARD began examining its account security and contacted X for assistance.

The company said its official account has relied on offline two-factor authentication with tightly restricted access since 2017. In a subsequent message addressed to X Support, COLDCARD reportedly stated that it could not identify a login, session or access record corresponding to the unauthorized publication.

The manufacturer maintained that its credentials and offline authentication measures remained secure based on its initial review.

According to an October 11report by TechFlow, COLDCARD raised concerns about the possibility of unauthorized access involving X’s internal systems or administrative privileges. The company reportedly requested that X investigate the incident and preserve relevant access records.

However, a platform-level compromise remains a possibility raised by COLDCARD, not an established finding. There is no verified evidence identifying the individual or group responsible for publishing the message.

Reports concerning the incident referred to alleged advertisements offering X administrator accounts on underground marketplaces. COLDCARD did not establish any connection between those claims and the phishing post.

The manufacturer has not announced whether the investigation uncovered a compromised employee account, an abused integration or another method of unauthorized publication. X has not publicly confirmed a platform-level breach connected to the COLDCARD incident in the sources reviewed. The company said additional verified updates would be shared through its official communication channels.

Phishing warning follows COLDCARD’s earlier firmware security incident The new phishing warning comes several months after COLDCARD disclosed a separate security issue involving how certain devices generated Bitcoin wallet recovery phrases. In July 2026, the manufacturer identified a firmware problem that had affected the randomness used to generate recovery information.

According to COLDCARD’s official security record, some previous firmware versions did not use the intended hardware randomness source when creating wallet seeds. The company released corrected firmware for supported devices and instructed affected customers to follow its official recovery and migration procedures.

Earlier reporting on the COLDCARD Bitcoin wallet security failure linked the weakness to cryptocurrency thefts involving wallets created with insufficiently random recovery information.

A separate analysis of the COLDCARD firmware vulnerability discussed estimated losses of approximately $116 million connected to the original security problem. Those historical estimates are separate from the October 11 phishing incident.

The manufacturer said its current recommended standard firmware versions are 5.6.3 for Mk4 and Mk5 devices and 1.5.3Q for the Q model. COLDCARD’s published documentation explains that installing corrected firmware does not automatically repair a recovery phrase generated using vulnerable older software. Customers with affected recovery phrases must follow the appropriate replacement process described in the official guidance.

The October phishing message reportedly used concerns about firmware security to encourage another wallet migration.

However, COLDCARD has not linked the social media incident to a new vulnerability in those corrected firmware releases. The distinction is important to the company’s official guidance: the earlier seed-generation issue was documented, while the October 11 message was identified as unauthorized and potentially malicious.

Earlier research found fake COLDCARD websites and support accounts Independent researchers had documented attempts to impersonate COLDCARD after the original firmware problem became public.

On August 5, cybersecurity research group Unclone reported finding ten lookalike domains registered within five days of the July security disclosure. Its investigation examined impersonation activity across websites, social media accounts and customer support channels.

Researchers identified fraudulent websites using language similar to the company’s legitimate security advisory.

Some pages reportedly attempted to collect recovery information from users who believed they were following official instructions. Unclone examined 97 accounts using COLDCARD or Coinkite-related branding across social platforms.

Among them, 34 presented themselves as company support representatives or employees. The researchers found that several impersonation accounts had existed for years before adopting COLDCARD-related branding, allowing them to appear more established than newly created scam profiles.

One fraudulent support account had approximately 17,000 followers at the time of the investigation. The research identified attempts to contact users who had publicly discussed missing Bitcoin or wallet security problems.

In some cases, attackers reportedly presented fraudulent migration instructions as assistance for people responding to the original firmware warning. COLDCARD’s current official setup instructions state that recovery words and backup passwords must never be entered into another device or exposed through websites and support messages.

The manufacturer advises customers to verify firmware downloads and use the device’s own security procedures when generating or replacing wallet recovery information. Its October 11 statement reaffirmed that coldcard.com is the company’s only official website.

COLDCARD said it had contacted X and would continue reviewing account access while preparing further verified information about the unauthorized phishing post.

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The official X account of Bitcoin hardware wallet manufacturer Coldcard was compromised. On October 11, 2026, attackers published a fake notice in the brand’s name claiming a “critical firmware vulnerability” affecting the Mk4, Mk5, and Q models and urging users to move their funds immediately through a phishing website.

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The post appeared amid unprecedented anxiety in the crypto community. Hackers exploited the context of the brand’s recent disaster to make the scam more convincing. The post was subsequently deleted.

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Coldcard official statement on X regarding the October 2026 account compromise and phishing incident, Source: Coldcard via X.comWhy the fake notice was so convincingThe reason is that Coldcard experienced the biggest crisis in its history in late July 2026. Due to a linker error in the device code, wallets were generated with weak entropy (randomness). Instead of using a true random number generator (TRNG), the system relied on a vulnerable software algorithm. Hackers cracked the wallets offline through brute-force attacks and drained the addresses without any phishing.

The first wave of thefts began on July 30, 2026, with total losses estimated at around 1,600–1,800 BTC (approximately $100–130 million at the time), making it one of the year's largest self-custody incidents.

Coinkite, the wallet manufacturer, responded by urgently releasing patched firmware versions: 4.2.0 for Mk3, 5.6.0 for Mk4/Mk5, and 1.5.0Q for Q. However, the software update did not automatically fix existing wallets. Users had to manually generate new seed phrases and migrate their assets.

This painful procedure was precisely what the scammers mimicked on October 11. They listed exactly the same “patched” firmware versions in their phishing post to trigger panic and encourage users to transfer their funds to the attackers’ addresses.

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The intrigue surrounding the latest incident is that Coldcard representatives found absolutely no evidence of a breach in their own systems. The company stated that its logs contained no records of unauthorized logins or sessions, and that its own credentials and offline two-factor authentication (2FA) method, which has been used since 2017, remained secure.

The Coldcard team officially contacted X support, demanding an urgent investigation. According to the company, the post bypassed its security measures through unauthorized access at the social network level or via its administrative panel.

@Support — urgent escalation requested. A phishing post appeared on our account, yet we can find no corresponding login, session, or access record. Our credentials and offline 2FA remain secure. This raises concern about unauthorized platform-level or administrative access. We are also aware of reports that access to X administrative accounts is being sold on darknet markets, although we cannot independently verify a connection. Please preserve all relevant logs and have your security team investigate immediately. This appears to be a targeted, highly specific attack.

— COLDCARD (@COLDCARDwallet) October 11, 2026 The developers also cited reports of access to X's internal tools being sold on dark markets, although no independent evidence has yet confirmed a connection. The risk of losing funds likely applies only to users who panicked and manually entered their 24-word seed phrases on the phishing page.

New York officials are securing millions in payments and a lifetime ban from the securities and cryptocurrency industries from a former crypto lending platform executive for defrauding investors.

The New York Attorney General says Alex Mashinsky misled hundreds of thousands of investors, including more than 26,000 in New York, about platform safety while using their deposits in high-risk strategies that caused massive losses.

“Mashinsky repeatedly claimed that Celsius made safe, low-risk investments and only lent assets to credible and reputable entities. However, investors’ assets were routinely used in high-risk strategies, many of which resulted in losses that Mashinsky concealed.”

Attorney General James is condemning the deception that left many investors financially ruined.

“Alex Mashinsky promised New Yorkers that his company was a secure place to invest their hard-earned savings, only to leave them penniless when his risky investments collapsed. I will not allow scammers to use cryptocurrencies to prey on unsuspecting New Yorkers. We took action to hold Mashinsky accountable, and now we are barring him from the securities industry so he cannot take advantage of investors again.”

The executive is serving a 12-year federal prison sentence from a parallel criminal case where more than $48 million was forfeited to the federal government.

Mashinsky’s investors and creditors have received more than $3.4 billion through Celsius bankruptcy proceedings as of August 2026.

The settlement requires up to $35 million in payments to New York with conditions tied to federal forfeiture and sentence compliance.

Celsius founders and executives separately paid $16.5 million to the Federal Trade Commission.

Generated Image: Midjourney

Sat 10 Oct 2026 ▪ 7 min read ▪ by Ghiles A.

Summarize this article with:

On October 10, 2025, the cryptocurrency market suffered a brutal crash that led to nearly 19 billion dollars in liquidations. A few days after a historic record above 126,000 dollars, bitcoin quickly lost part of its value. One year later, traders have better tools to monitor risks. Yet, leverage, excessive positions, and the weight of derivatives continue to weaken the market.

In brief The crypto crash of October 10, 2025 caused nearly 19 billion dollars in liquidations. Bitcoin fell from 122,000 to 105,000 dollars in a few minutes. Leverage and excessive long positions amplified market risks. Traders have better tools to monitor open positions and funding rates. One year after the crash, derivatives continue to threaten the stability of the crypto market. Bitcoin faced the memory of the October 2025 crash On October 10, 2025, the market experienced one of its most violent episodes. After exceeding 126,000 dollars, bitcoin saw its price drop from around 122,000 to 105,000 dollars. Most of this decline happened within minutes. This rapid drop surprised many investors who were still anticipating a price increase.

The collapse caused about 19 billion dollars in liquidations on cryptocurrency markets. These liquidations affected traders who had taken large positions using leverage. Their bets were notably based on the continuation of the rise and on historical market cycles. When prices reversed, these positions suffered fast losses.

For Mark Connors of Risk Dimensions, the magnitude of the move surprised market participants. This former head of a hedge fund positioning product at Credit Suisse highlights the weight of trader positioning.

It was a very fast and brutal market peak that we didn’t expect; positioning was significant then, and it still is today.

According to him, investors had accumulated significant long positions before the crash. This concentration of bets increased their exposure when the market abruptly changed direction.

Leverage remains at the heart of market risks Before the crash, open interest approached its highest historical levels. This indicator measures the number of derivative contracts still active in a market. At the same time, many traders anticipated a new bitcoin rally. Some even considered targets between 250,000 and 400,000 dollars, relying on previous cycles.

However, the crash showed the limits of these expectations. Connors estimates that “the movement mainly came from derivatives rather than blockchain data.” In other words, price variations can result from financial positions taken on the asset, without directly reflecting actual demand. This distinction remains essential to understand rapid market moves.

Perpetual futures contracts illustrate this dynamic. They allow traders to speculate on price changes without directly holding the cryptocurrencies involved. These instruments still hold an important place in trading, while platforms have financial reasons to continue offering leveraged products. Consequently, the same mechanisms that can amplify an uptrend can also accelerate a downturn.

More precise monitoring tools for traders Since October 2025, market participants have had additional information to assess their exposure. Connors notably highlights progress in the analysis of order books and positioning. These data help traders better understand market structure. However, they do not allow predicting with certainty the next price movement.

Chris Sullivan, co-founder of Hyperion Decimus, recommends first limiting leverage use. He also advises monitoring open positions, funding rates, and general market sentiment. These indicators can reveal an excessive accumulation of bets in one direction. Their combination thus allows spotting certain situations where the market becomes more vulnerable.

Funding rates deserve particular attention on perpetual contract markets. They reflect the cost associated with maintaining certain positions and provide indications about trading conditions. Meanwhile, open interest informs on the extent of still active commitments. When these measures reach extreme levels, Sullivan recommends patience rather than hasty decisions, whether traders anticipate a rise or a fall.

Bitcoin holders must also protect their assets The lessons from the crash also concern investors who wish to hold their assets for a long time. Sullivan recommends that they buy their bitcoins, then transfer them off exchange platforms to a secure place of custody. This approach limits their direct exposure to risks linked to keeping funds on a trading platform. It also distinguishes holding the asset from speculating on its short-term price changes.

This caution does not mean investors can eliminate all risks. Rapid price moves remain possible, even when traders monitor their positions more closely. Connors reminds that leveraged products are still present in the market. A new episode comparable to that of October 10, 2025, thus remains possible, despite progress made in data analysis.

Increased visibility nevertheless constitutes a notable change since the previous crash. Traders can better spot certain imbalances and measure their exposure before making decisions. However, having better tools does not guarantee a sufficiently swift reaction or complete protection from losses. Risk management thus remains a central issue for investors active in derivatives markets.

The four-year cycle questioned after the fall The crash also challenged another market belief: the ability of the four-year cycle to guide price expectations. This cycle is notably based on the periodic reduction of rewards given to miners. Before October 2025, some investors believed this mechanism could herald new peaks. However, the severity of the drop showed this reference was not enough to explain market movements.

Connors considers that the four-year cycle has not disappeared but that it has evolved:

The four-year cycle is not dead; it has changed, and we can no longer rely on it as much as before.

According to him, investors can no longer base their confidence on this model as before. Economic and political factors may now play a larger role in bitcoin’s fluctuations. This evolution complicates forecasts based solely on historical trends.

Moreover, the development of institutional investment products has not eliminated the influence of derivatives on short-term prices. The arrival of new actors does not prevent speculative positions from causing rapid moves. One year after the crash, Connors nevertheless believes investors pay more attention to market structure. This awareness represents one of the main lessons of the episode.

As the first anniversary of the October 10, 2025 crash approaches, the market thus retains a better understanding of its mechanisms, without having removed its main sources of fragility. Future developments will notably depend on trader positioning, leverage use, and the weight of derivatives. For BTC, investors’ ability to manage these risks will remain decisive. The market survived this drop, but nothing guarantees that the next shock will produce the same consequences.

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Ghiles A.

Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.

Sat 10 Oct 2026 ▪ 5 min read ▪ by Luc Jose A.

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Traders have concentrated 4.5 billion dollars of bitcoin call options between 90000 and 100000 dollars, with an expiration set for October 30. This accumulation reflects a renewed interest in a BTC price increase, without constituting a unanimous market forecast.

In Brief Traders concentrate 4.5 billion dollars of call options on Bitcoin, with an expiration on October 30. The main targets are at 90000, 95000, and 100000 dollars, with a strong concentration at 95000 dollars. These amounts represent the notional value of the contracts, not the sums actually invested. Despite traders’ optimism, the 78000 dollar level remains a caution signal. Without sufficient Bitcoin rise, many options could expire worthless on October 30. Traders target three price levels for bitcoin Bitcoin is trading around 83000 dollars, after regaining part of the lost ground earlier this month. On the options market, call contracts now represent 60.24% of open interest, versus 39.76% for put options.

The October 30 expiration concentrates a large part of these positions. Deribit, the main platform in the sector, records notably the equivalent of 25030 BTC on call options set at 95000 dollars. Their notional value approaches 2.07 billion dollars.

Three strike prices currently dominate this expiration :

About 1.26 billion dollars of call options at 90000 dollars ; Nearly 2.07 billion dollars positioned at 95000 dollars ; About 1.20 billion dollars concentrated at 100000 dollars ; In total, nearly 54750 BTC, or 4.53 billion dollars of notional value. The 95000 dollar threshold thus constitutes the main concentration point. To reach it, bitcoin would need to rise about 14% from its current price before contract settlement.

This setup seems to favor a bullish scenario. However, it does not mean that 4.5 billion dollars have actually been invested to bet on a BTC increase.

A notional value that does not correspond to amounts committed The 4.5 billion dollar value corresponds to the notional amount of the contracts. It is obtained by multiplying the number of bitcoins represented by the options by the asset price. Investors pay only a premium to buy these contracts, generally much lower than their notional value.

Open interest also does not specify each participant’s strategy. A call option always involves a buyer and a seller. Some traders may anticipate a bitcoin rise, while others sell the same contracts because they believe the price will remain below their strike price.

Investors also combine several options to form complex strategies. For example, an operator might buy a call at 90000 dollars and sell another at 95000 dollars to limit cost and potential gain. Others use these products to hedge an existing position.

The dominance of calls therefore constitutes a sentiment indicator, not proof that the entire market expects bitcoin at 95000 dollars. The volume observed over the last 24 hours actually shows a tighter balance: 54.02% for call options against 45.98% for put options.

The 78000 dollar level remains a risk for the expiration The “maximum pain” price for the October 30 expiration is around 78000 dollars on Deribit. This level corresponds to the price at which the total amount paid to option holders would theoretically be the lowest at settlement.

On Binance and OKX, this point is rather between 81000 and 82000 dollars. It therefore remains below the current bitcoin price and clearly distant from positions concentrated between 90000 and 100000 dollars.

Maximum pain, however, is not a prediction. It fluctuates with the opening and closing of positions. On a market dominated by calls, its level can also remain mechanically below bitcoin price.

Finally, futures provide a more cautious signal. Their open interest reaches about 51.7 billion dollars, after a 1.59% drop in 24 hours. Part of the leveraged positions has thus been closed, while options continue to attract traders.

The market will now have to watch bitcoin’s ability to sustainably exceed 90000 dollars. Without this progress, a large portion of calls placed at 95000 and 100000 dollars could expire worthless on October 30.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

After 2 years and 9 months of Spot Bitcoin [BTC] ETFs being launched, the demand for the first-ever crypto ETF is perhaps gradually slowing down. However, despite the turtle movement, BTC ETFs still continue to support Bitcoin’s price recovery, according to Ecoinometrics.

Over the last 30 days, net inflows into Bitcoin ETFs have remained positive at approximately 30,000–40,000 BTC. However, the pace of these purchases has weakened as Bitcoin recently consolidated above $80,000, suggesting that buying pressure may be losing momentum.

Still, Ecoinometrics noted that this slowdown is relatively mild compared to previous periods when ETF demand reversed sharply. 

It added, 

For now ETF demand is still supporting Bitcoin’s recovery. But that better not last too long.

Source: Ecoinometrics Bitcoin ETFs’ rollercoaster The timing here is interesting as just recently, Bitcoin ETF flows showed significant volatility between 1st October and 9th October.

According to Farside investors, on 1st October, Bitcoin ETFs recorded net inflows of $102.7 million, led by BlackRock’s IBIT with $195.6 million.

Source: Farside Investors Inflows strengthened on 2nd October, reaching $189.9 million, supported by $158.2 million entering IBIT and $29.3 million into FBTC. However, sentiment weakened on 5th October, when ETFs recorded $89.8 million in net outflows. On 6th October, flows recovered to $118.8 million in net inflows.

Meanwhile, selling pressure intensified on 7th October, with total net outflows reaching $484.9 million, including $207.7 million from IBIT and $105.1 million from FBTC. Then, on 8th October, another $244.1 million flowed out, led by $197.1 million in FBTC outflows.

Lastly, by 9th October, flows turned slightly positive at $21.1 million, as IBIT attracted $22.4 million and VanEck’s HODL received $2.3 million, offsetting modest FBTC outflows. Overall, the period highlighted weakening and inconsistent Bitcoin ETF demand, with the brief 9th October recovery offering only limited evidence of renewed buying strength.

Is the Bitcoin ETF losing steam to altcoin ETFs? On the other hand, other crypto ETF flows have seen mixed fortunes in October so far, reflecting differing investor sentiment across digital assets.

Ethereum [ETH] ETFs, for instance, recorded the largest withdrawals, with cumulative outflows reaching $634.80 million. This hinted at sustained selling pressure.

Source: SoSo Value On the contrary, Binance [BNB] ETFs attracted $98.89 million in inflows, alluding to comparatively stronger investor demand. XRP ETFs also recorded positive flows, bringing in $12.09 million during the period.

Meanwhile, Solana [SOL] ETFs saw $29.42 million in outflows, pointing to some investor withdrawals despite sustained interest in the ecosystem. Hyperliquid [HYPE] ETFs also saw modest outflows of $1.09 million. 

As it stands, many other altcoins are filling their respective ETFs proposals with the U.S. Securities and Exchange Commission (SEC). The SEC recently approved Cboe BZX’s proposed rule change, clearing a listing hurdle for 3x daily leveraged ETFs tied to Bitcoin (BITH), Ethereum (ETHK), gold (GDLU), silver (SLVK), crude oil (OILY), and natural gas (NATX). 

Final Summary Bitcoin ETF flows recorded significant volatility between 1st October and 9th October. Other altcoin ETF flows have remained mixed in October so far, reflecting differing investor sentiment across digital assets.

Bitcoin defends $80K — Relief bounce or deeper $77K test next?

BlockBeats News, October 11, 2025 — The epic "1011" crypto crash officially kicked off around 5 AM. Bitcoin fell at an average rate of nearly 1% per minute over 30 consecutive minutes with no resistance. The most extreme price swing occurred at 5:19 AM, when Bitcoin plunged more than 4% in that single minute, losing nearly $5,000 and hitting a low of $102,000. Bitcoin tumbled 12% overnight that day. On the news front, Trump announced the restart of trade wars the same day. Altcoins also suffered heavy losses afterward. Over $19.156 billion in crypto liquidations were logged in 24 hours, with more than 1.6 million traders liquidated—both figures marking 10-year highs for crypto derivatives trading.

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The XRP Ledger has patched a payment engine vulnerability that persisted for over a decade, preventing XRP from being overissued.

RippleX Engineering Lead J. Ayo Akinyele stated in a post that securing the XRP Ledger (XRPL) network is the top priority for preserving user trust. Following the earlier disclosure of a critical payment engine vulnerability by Veria AI, the bug had lingered in the codebase for over a decade, with theoretical risks of allowing XRP’s supply to breach its fixed cap. Thankfully, the vulnerability was uncovered through a bug bounty program and remediated before it could be exploited. The XRPL team swiftly developed and comprehensively tested a fix, collaborated with validator node operators to facilitate the network upgrade, and finalized network protections ahead of the vulnerability’s public disclosure.

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Patricio Worthalter deposits 4,000 $ETH ($10.02M) to Gemini

Patricio Worthalter(@worthalter) deposited another 4,000 $ETH($10.02M) into #Gemini 8 hours ago.

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Crypto markets reversed course during the week, with Bitcoin falling from the $87,000 area toward $80,000 as selling pressure intensified. By Oct. 10, BTC had recovered to around $83,000, but the broader market remained under pressure.

Ripple and the XRP Ledger delivered several important infrastructure updates, including a new account-delegation feature and developments in institutional adoption. Shiba Inu, meanwhile, struggled to maintain its early-October gains as technical indicators weakened.

Ripple-backed Evernorth scheduled for Nasdaq listing on October 12Evernorth, the Ripple-backed company building an XRP-focused digital asset treasury, has completed its merger with Armada Acquisition Corp. II, according to a regulatory filing. 

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The company expects to begin trading on Nasdaq under the ticker XRPN on Monday, Oct. 12. The transaction brings together Evernorth, Pathfinder Digital Assets, Ripple, Armada and two merger subsidiaries. Under the deal structure, Pathfinder and the former Armada entity became wholly owned subsidiaries of Evernorth. 

The transaction is associated with approximately 473 million XRP and $300 million in cash proceeds, providing Evernorth with resources to pursue its digital asset treasury strategy.

The merger represents a step toward bringing XRP-focused treasury exposure to public-market investors.

Bitcoin slides to October Low Bitcoin fell to an October low of $80,420 on Oct. 9 before recovering toward $83,000. U.S. authorities transferred 17,733 BTC, worth about $1.484 billion, to Coinbase Prime as market pressure mounted.

The move coincided with a sharp derivatives-market correction. Forced closures wiped out approximately $859 million in long positions, accounting for 86% of total liquidations reported in the article. U.S. spot Bitcoin ETFs also recorded $244.13 million in net outflows during Thursday's session, adding to concerns about institutional demand.

By Oct. 10, Bitcoin had bounced from around $80,300 and was trading near $82,949. The $80,000 level remained an important support area, while $87,000 continued to act as resistance. 

Ripple activates new XRP Ledger feature The XRP Ledger introduced PermissionDelegationV1_1, a feature designed to let businesses delegate specific account permissions to third-party applications without exposing their master keys.

The upgrade allows firms to assign up to 10 roles to external applications, potentially simplifying institutional account management while preserving control over sensitive credentials. Its activation on Oct. 8 came amid other developments involving Ripple's institutional strategy and the broader adoption of tokenization infrastructure.

Ripple also moved 200 million XRP between its own addresses before sending 20 million XRP to a new address. The transfers attracted attention as the network's technical upgrades continued, although the transactions alone did not establish a change in Ripple's market strategy.

Market updateAltcoinsXRP showed relative resilience during the sell-off. On Oct. 9, the token held around $1.39 to $1.40, while many other large-cap altcoins suffered steeper losses. Part of the market's attention can be attributed to XRP's institutional developments and the approaching Nasdaq debut of Evernorth, an XRP treasury company. 

By Oct. 10, XRP had fallen from the $1.50 area and was trading near $1.38, around its 200-day moving average. The $1.33 to $1.40 range became an important area to watch, with a move above $1.46 needed to demonstrate stronger short-term momentum. 

Shiba Inu also weakened. SHIB fell below its 200-day moving average after failing to hold above $0.00000600. The token rebounded from around $0.00000510, but weak volume suggested that buyers had not yet regained control. Its 100-day moving average near $0.00000529 emerged as immediate support. 

Market dataBitcoin: $82,949 on Oct. 10

XRP: $1.38 on Oct. 10

Shiba Inu: $0.00000536 on Oct. 10

Total liquidations: $859.17 million on Oct. 9, including approximately $740 million in long positions

U.S. spot Bitcoin ETF flows: -$244.13 million on Oct. 8

Regulation newsEU crypto firms face deadline for noncompliant stablecoinsThe European Securities and Markets Authority (ESMA) is requiring crypto firms operating in the EU to close positions in stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) by Jan. 8, 2027.

The deadline adds pressure on exchanges and other crypto service providers to review their supported stablecoins and adjust their offerings. The issue is particularly relevant for platforms serving European customers, where compliance requirements increasingly shape which digital assets can be offered.

OpinionsHYPE has pulled back from its September record near $98, but the token remains one of the strongest large-cap crypto assets, supported by rising Hyperliquid activity.

Will HYPE price rally in October?

Important datesOct. 12Evernorth's planned Nasdaq listing under the XRPN ticker.

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Bitcoin için zincir üstü veriler, piyasada toparlanma ihtimalini güçlendiren sinyaller üretmeye başladı. BIT tarafından geliştirilen kurallara dayalı piyasa modeli, iki aydır yüzde 67 net uzun pozisyon seviyesini korurken beş önemli gösterge de tarihsel olarak boğa piyasalarıyla ilişkilendirilen bölgelere geçti. Ancak Bitcoin’in yakın zamanda yaklaşık 7.000 dolar gerilemesi, yükseliş beklentisinin henüz kesinleşmediğini gösteriyor.

BIT Modeli Neden Yeniden Boğa Piyasasına İşaret Ediyor? BIT, 9 Ekim tarihli paylaşımında zincir üstü modelinin son durumunu açıkladı. Model, 1 Ekim 2025’te yüzde 100 net uzun pozisyonla hareket ederken 1 Kasım’da yüzde 33’e geriledi ve 1 Aralık’ta sıfıra indi. Bitcoin’deki düşüş sürecinin büyük bölümünde bu seviyede kalan model, 1 Eylül 2026’da yeniden yüzde 67’ye yükseldi.

Model, böylece aynı pozisyon oranını üst üste iki ay korudu. BIT’e göre beş göstergenin eş zamanlı olarak tarihsel açıdan yükselişle ilişkilendirilen seviyelere ulaşması, en son Ekim 2025’te görülen bir tabloyu yeniden ortaya çıkardı. Bu gelişme, Bitcoin döngüsünde toparlanma ihtimaline işaret etse de bütün göstergelerin olumluya dönmediği özellikle vurgulanıyor.

Bitcoin Maliyet Göstergeleri Ne Söylüyor? İlk gösterge, kısa vadeli gerçekleşen fiyat. Bu ölçüm, yakın zamanda alınan Bitcoin’lerin ortalama maliyetini tahmin ediyor. Bitcoin, Ekim 2025’te 112.300 dolar seviyesindeki bu ölçütün altına gerilerken Ağustos 2026’da 68.800 dolar seviyesinden yeniden üzerine çıktı. Güncel gösterge değeri 74.319 dolar olarak hesaplanıyor.

İkinci gösterge olan True Market Mean, piyasada aktif şekilde kullanılan sermayenin maliyet tabanını izliyor. Bu değer 77.460 dolar seviyesinde bulunurken CoinGecko verilerindeki Bitcoin fiyatı yaklaşık 82.000 dolardı. BIT, fiyatın bu eşiğin üzerinde kalıcı biçimde işlem görmesinin yükseliş senaryosunu daha güçlü hale getirebileceğini belirtiyor.

Bu iki gösterge, yatırımcıların maliyet seviyeleriyle mevcut fiyat arasındaki ilişkiyi değerlendirmeye yardımcı oluyor. Ancak fiyatın bu eşiklerin üzerinde bulunması, tek başına kalıcı bir yükseliş trendini garanti etmiyor.

MVRV, NUPL Ve VDD Göstergeleri Neden Önemli? Üçüncü gösterge olan MVRV, Bitcoin’in piyasa değerini gerçekleşen değeriyle karşılaştırıyor. MVRV okuması 0,20 seviyesinde bulunuyor. Bu ölçüm, piyasanın mevcut değerlemesini zincir üstündeki maliyet verileriyle birlikte değerlendirmek için kullanılıyor.

Dördüncü gösterge NUPL, yatırımcıların gerçekleşmemiş kâr ve zarar durumunu ölçüyor. NUPL yeniden pozitif bölgeye geçerek Ekim 2025’ten bu yana ilk kez bu seviyeye ulaştı. Bu değişim, toplam yatırımcı grubunun kâğıt üzerindeki kâr durumunun iyileştiğine işaret ediyor.

Beşinci gösterge ise Value Days Destroyed (VDD). Bu ölçüm, Bitcoin birimlerinin ne kadar süredir tutulduğunu ve değerlerini dikkate alarak zincir üzerindeki hareketlerini izliyor. VDD de yükselişle ilişkilendirilen bölgeye geçti. Böylece beş göstergenin tamamı aynı anda olumlu sinyal üretmeye başladı.

Bitcoin İçin Yükseliş Senaryosunu Hangi Riskler Bozabilir? Olumlu zincir üstü verilere rağmen Bitcoin’in fiyat performansı baskı altında. CoinGecko verilerine göre Bitcoin yaklaşık 82.000 dolardan işlem görürken son yedi günde yüzde 4,5, son bir yılda ise yüzde 32’den fazla değer kaybetmişti. Fiyat, 87.000 doların üzerine çıkmayı başaramadıktan sonra yaklaşık 7.000 dolar geriledi.

Bu düşüşle aynı dönemde ABD hükümetine ait önemli miktarda BTC’nin Coinbase Prime’a aktarılması, 7 ve 8 Ekim tarihlerinde spot Bitcoin ETF’lerinden toplam 731 milyon dolarlık çıkış yaşanması ve 1 milyar doları aşan gerçekleşmiş kâr satışları öne çıktı.

BIT, modelin henüz tamamen uzun pozisyona geçmediğini belirtiyor. Bazı göstergeler hâlâ yükseliş sinyali vermediği için Bitcoin’in kısa vadeli gerçekleşen fiyatın ve True Market Mean seviyesinin altında kalıcı biçimde gerilemesi erken bir uyarı olabilir.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

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