Track market-moving stories before they get noisy

A crypto whale closed out its long position in CBRS after losing approximately $6.95 million, and shifted to taking long positions in GOOGL and GME.

According to TradingBeats' monitoring, Hyperliquid whale address 0x30af…393e liquidated long positions worth approximately $36.51 million in CBRS between last night and early this morning, incurring a trading loss of around $6.95 million. During the same period, the address opened roughly 116,100 long positions in GOOGL and 607,400 long positions in GME, with the total current position value standing at about $57.42 million. The GOOGL and GME long positions currently use 20x and 10x isolated margin leverage respectively; their liquidation reference prices are approximately $344.56 and $25.56, which are around 2.37% and 5.67% lower than the current mark prices.

1 seconds ago

Morgan Stanley: Storage stocks appear to have the lowest valuations at the cycle peak, but are actually in the most dangerous situation.

Morgan Stanley’s latest report notes that Samsung and SK Hynix currently have a forward price-to-earnings (P/E) ratio of just 3 to 4 times—seemingly cheap but potentially masking a valuation trap at the cycle’s peak. Historically, storage stocks have tended to top out ahead of earnings peaks: leading by roughly 4 months in 2008 and 2012, and about 8 months in 2018. While the AI-fueled storage supercycle remains intact, tight supply-demand, rising prices, and improving earnings still offer support. But with sharp stock price gains and concentrated upward revisions to earnings forecasts, bullish expectations are already fully priced in, leaving further upside under pressure. Morgan Stanley argues that the stronger the storage sector’s fundamentals, the more easily cycle-top risks are underestimated—high growth may not translate to sustained excess returns. The report warns that high profits will eventually draw new production capacity, with supply set to gradually hit the market from the second half of 2027, potentially triggering a new cycle inflection point. Asian storage stocks have rallied roughly 9 times cumulatively since their September 2025 rally, with average consensus earnings per share (EPS) forecasts revised up by 432%. Samsung and SK Hynix’s low P/E ratios may be a classic trap for cyclical stocks near earnings peaks. To justify the upside implied by current share prices, DRAM contract prices would need to rise around 70% quarter-on-quarter—a tall order. Separately, evolving data center architectures could reshape industry chain benefit distribution: in NVIDIA’s NVL72, storage makes up ~29% of a single rack, falling to 19% when expanded to 8 interconnected racks, while network equipment’s share jumps from 10% to 20%—meaning storage makers may not proportionally benefit from AI infrastructure investment growth.

1 seconds ago

Gemini 4 Argon embedded in the new Antigravity version: three inference tiers are ready but still non-functional.

Beating AI News Flash: Google’s AI coding tool Antigravity’s 2.23.0 update has uncovered the full model identifier for Gemini 4 Argon, including three inference configurations: Low, Medium, and High. The previous 2.22.0 version lacked these elements, while the new update added 4 model IDs and 3 model selection menu names. However, these configurations are currently hidden in the program code, so regular users cannot directly select Gemini 4 Argon yet. Antigravity has also removed multiple old models simultaneously. Gemini 3.1 Pro, 3.6 Flash, and 3.7 Flash were marked for retirement on October 12; the next day, users noticed that only Gemini 3.8 Flash remained in the model list. Another developer found that the three Argon tiers are already ranked among the top three in the client’s recommended model order, but requests to their corresponding interfaces still return 404 errors. Google released Argon as early as September 30, but it is currently mainly available to vetted cybersecurity partners, with plans to later expand access to paid API and Google AI Ultra users.

1 seconds ago

Fed Governor Waller: Trump’s threat to the Federal Reserve’s independence has not yet succeeded.

Fed Governor Christopher Waller: Trump’s threat to the independence of the Federal Reserve has not yet succeeded.

1 seconds ago

Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.

According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.

1 seconds ago

A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.

1 seconds ago

3 hours ago

According to TradingBeats’ monitoring, a whale address on Hyperliquid starting with 0xedcd made consecutive buys of approximately 96 BTC, 17,283 HYPE, and 1,215 ZEC this morning, at average prices of roughly $81,597, $80.59, and $1,145.83 respectively. The combined notional value of these three new long positions totals around $10.62 million, with an unrealized profit of roughly $300,000 so far. The address’s total long position value now exceeds $60.95 million, bringing its total unrealized profit to approximately $11.91 million. The address was previously labeled a suspected "819 Insider Whale" by market participants after it loaded up on $38.72 million worth of positions roughly one hour before the ETH rally began on August 19. Currently, the whale still holds 20,000 ETH long positions, worth approximately $50.33 million, with 4x full leverage, and an unrealized profit of around $11.61 million.

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3 hours ago

According to Lookonchain's monitoring, a crypto whale created four new wallets approximately four months ago and began trading on Hyperliquid. To date, it has completed 15 trades, generating a total profit of $29.75 million, with nearly all of its trades turning profitable. Today, the whale opened another long position in ETH, holding 24,000 ETH worth roughly $60.7 million, with an unrealized profit of $2.6 million.

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Morgan Stanley: Storage stocks appear to have the lowest valuations at the cycle peak, but are actually in the most dangerous situation.

Morgan Stanley’s latest report notes that Samsung and SK Hynix currently have a forward price-to-earnings (P/E) ratio of just 3 to 4 times—seemingly cheap but potentially masking a valuation trap at the cycle’s peak. Historically, storage stocks have tended to top out ahead of earnings peaks: leading by roughly 4 months in 2008 and 2012, and about 8 months in 2018. While the AI-fueled storage supercycle remains intact, tight supply-demand, rising prices, and improving earnings still offer support. But with sharp stock price gains and concentrated upward revisions to earnings forecasts, bullish expectations are already fully priced in, leaving further upside under pressure. Morgan Stanley argues that the stronger the storage sector’s fundamentals, the more easily cycle-top risks are underestimated—high growth may not translate to sustained excess returns. The report warns that high profits will eventually draw new production capacity, with supply set to gradually hit the market from the second half of 2027, potentially triggering a new cycle inflection point. Asian storage stocks have rallied roughly 9 times cumulatively since their September 2025 rally, with average consensus earnings per share (EPS) forecasts revised up by 432%. Samsung and SK Hynix’s low P/E ratios may be a classic trap for cyclical stocks near earnings peaks. To justify the upside implied by current share prices, DRAM contract prices would need to rise around 70% quarter-on-quarter—a tall order. Separately, evolving data center architectures could reshape industry chain benefit distribution: in NVIDIA’s NVL72, storage makes up ~29% of a single rack, falling to 19% when expanded to 8 interconnected racks, while network equipment’s share jumps from 10% to 20%—meaning storage makers may not proportionally benefit from AI infrastructure investment growth.

20 minutes ago

Gemini 4 Argon embedded in the new Antigravity version: three inference tiers are ready but still non-functional.

Beating AI News Flash: Google’s AI coding tool Antigravity’s 2.23.0 update has uncovered the full model identifier for Gemini 4 Argon, including three inference configurations: Low, Medium, and High. The previous 2.22.0 version lacked these elements, while the new update added 4 model IDs and 3 model selection menu names. However, these configurations are currently hidden in the program code, so regular users cannot directly select Gemini 4 Argon yet. Antigravity has also removed multiple old models simultaneously. Gemini 3.1 Pro, 3.6 Flash, and 3.7 Flash were marked for retirement on October 12; the next day, users noticed that only Gemini 3.8 Flash remained in the model list. Another developer found that the three Argon tiers are already ranked among the top three in the client’s recommended model order, but requests to their corresponding interfaces still return 404 errors. Google released Argon as early as September 30, but it is currently mainly available to vetted cybersecurity partners, with plans to later expand access to paid API and Google AI Ultra users.

20 minutes ago

Fed Governor Waller: Trump’s threat to the Federal Reserve’s independence has not yet succeeded.

Fed Governor Christopher Waller: Trump’s threat to the independence of the Federal Reserve has not yet succeeded.

20 minutes ago

Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.

According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.

20 minutes ago

A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.

20 minutes ago

Analysis: Bitcoin long-term holders have been generating consistent profits since 2023, with their current unrealized profit buffer reaching 72%.

Crypto market analyst Axel Adler Jr says on-chain data shows the average cost basis of Bitcoin long-term holders (LTHs) stands at $48,600, with the current price roughly 72% above that level. This group has remained in profit since January 2023, with its closest approach to the cost line coming in March 2023. The LTH average cost basis has fallen 1.7% since hitting a peak of $49,500 on July 30. Since August 1, 60 out of 74 days have recorded negative weekly changes, with the largest single-week drop hitting 0.34% on August 25, and the current reading standing at -0.06%. The analyst notes this decline remains moderate; a further drop would signal accelerating selling pressure, while a return to positive territory would mean long-term holders are resuming accumulation.

20 minutes ago

Bitcoin :

Quantencomputer könnten die Blockchain entschlüsseln

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Lesezeit:

Die Sicherheit bestimmter Bitcoin-Bestände hängt langfristig von einer rechtzeitigen Umstellung auf quantensichere Verfahren ab.Reuters

Quantencomputer könnten eines Tages den Schutz mancher Bitcoin-Bestände gefährden. Wer Bitcoin langfristig hält oder vererben will, sollte den nötigen Zugang sichern.

A Bitcoin whale has transferred 4,582 BTC worth approximately $377.6 million to five addresses after holding the coins for more than six years, as Bitcoin faces renewed selling pressure near $83,000.

Summary

A Bitcoin whale transferred 4,582 BTC worth approximately $377.6 million across five separate receiving addresses. Four receiving addresses obtained 1,000 BTC each, while the fifth received approximately 582 BTC separately. The original wallet received its Bitcoin in March 2020, when holdings were worth $40.8 million. Another dormant Bitcoin wallet transferred 4,500 BTC worth $375.7 million after four years of inactivity. CryptoQuant analyst Darkfost reported negative Coinbase premiums, suggesting relatively stronger selling pressure among U.S. participants. Blockchain analytics platform Lookonchain reported the transfer on October 12, identifying the sender as wallet 18VmXvkF4cgLi35RtMiHHDpvMjUCyVpQ9x. The coins were divided among five receiving addresses, with four obtaining 1,000 BTC each and the fifth receiving approximately 582 BTC. The recipient wallets had not moved their funds at the time of the initial analysis.

Bitcoin whale moves $378 million after years of holding According to Arkham’s blockchain records, the sending wallet originally received 4,582 BTC on March 3, 2020. The holdings were valued at approximately $40.8 million at the time, when Bitcoin was trading near $8,900. At the valuation reported for Monday’s transfer, the same balance was worth roughly 9.3 times its original value.

The funds originally came from Bitcoin address 17VX1BEjYVyBMi2vw6nXDrpwMvCSweHZot. Blockchain records indicate that the wallet retained nearly its entire balance through the market crash of March 2020, when Bitcoin briefly dropped below $4,000 following the outbreak of the COVID-19 pandemic.

Although the wallet is being described as dormant for six years, its transaction history shows a small outgoing payment in August 2024. The transfer involved 0.009 BTC, with the remaining funds returned to the same wallet. Monday’s movement was therefore its first major transfer since receiving the coins in March 2020, not its first outgoing transaction of any size.

At the time of reporting, the five recipient addresses had not been identified as exchange deposit wallets. Lookonchain did not establish whether the addresses belonged to different owners or were controlled by the original holder. No confirmed sale accompanied the transfer, leaving its purpose unknown.

The movement adds to a series of large transfers from dormant Bitcoin wallets recorded during 2026. In July, another wallet that had remained inactive for more than eight years transferred 5,908 BTC worth approximately $383 million. Onchain records in that case did not establish that the coins had been sold.

Another dormant Bitcoin whale transfers 4,500 BTC The latest transaction follows another large Bitcoin transfer involving a long-inactive wallet. Last week, address bc1q4hm96naa2ydcqlxpwlvljvrnt5svm8ejcqnhj0 moved approximately 4,500 BTC worth $375.7 million after more than four years of inactivity.

The transaction was separately identified through blockchain monitoring, with the funds transferred to another Bitcoin address. Available records did not establish whether the owner intended to sell, move assets into custody or reorganize holdings across wallets.

Combined, the two reported movements involved approximately 9,082 BTC valued at $753.3 million using their respective transaction-time prices. The transfers occurred on different dates and came from separate wallets, with no established connection between their owners.

Similar activity has been recorded throughout the year. In July, Arkham identified a wallet that transferred 2,931 BTC worth approximately $188 million after seven years without major activity. The holder had acquired the coins when Bitcoin traded near $6,500, leaving the wallet with substantial unrealized gains before the transfer.

Onchain monitoring firms track long-held coins through measures including Coin Days Destroyed and Spent Output Age Bands. CryptoQuant uses such indicators to examine when older Bitcoin holdings become active. Movements involving long-held coins can accompany selling activity, although wallet transfers alone do not establish whether the owner has liquidated any assets.

CryptoQuant warns of stronger Bitcoin selling pressure in U.S. Meanwhile, CryptoQuant analyst Darkfost has reported growing selling pressure among U.S. market participants during October. His assessment focuses on the Coinbase Premium Index, which compares Bitcoin prices on Coinbase with those on Binance.

Bitcoin Coinbase premium index, source: CryptoQuant According to the analyst, the volume-weighted version of the indicator has remained deeply negative for several days, suggesting weaker demand or stronger selling activity on Coinbase. The methodology gives more weight to larger transactions, reducing the influence of smaller trades on the reported price difference.

Darkfost interpreted the negative readings as evidence that institutional and professional market participants using Coinbase were selling more aggressively than traders on Binance. The comparison does not directly identify individual sellers, and a negative premium cannot independently establish the volume of institutional Bitcoin sales.

His assessment follows a period of weaker U.S. demand. On October 12, CoinGlass data showed the Coinbase Bitcoin Premium Index had remained negative for 19 consecutive days, reaching approximately -0.12%. The measure compares Bitcoin’s trading price on Coinbase with prices elsewhere in the market.

CryptoQuant has previously examined institutional demand through the Coinbase Premium Index, using the indicator to track relative buying pressure from U.S.-based market participants. Persistent negative readings indicate a price discount on Coinbase, although the indicator covers activity from different categories of investors.

Darkfost attributed the latest weakness partly to macroeconomic conditions, including rising government bond yields, persistent inflation concerns and a stronger U.S. dollar. He pointed to the Dollar Index climbing above 102, its highest level since April 2025, as financial markets responded to geopolitical and economic uncertainty.

The analyst argued that higher borrowing costs and reduced liquidity were discouraging professional investors from taking additional exposure to Bitcoin. His interpretation remains a market assessment and does not establish a direct connection between the Coinbase premium and the 4,582 BTC whale transfer.

Bitcoin price struggles as large wallet movements continue Bitcoin traded near $83,500 at press time, down approximately 1% over 24 hours, after falling to around $81,220 earlier in the session. The movement followed several days of price weakness as traders monitored exchange activity, macroeconomic developments and large onchain transfers.

During the same period, QCP Capital maintained a fourth-quarter base-case trading range of $80,000 to $90,000 for Bitcoin. The firm’s assessment identified $80,000 as an important support area and suggested that a sustained move above $87,000 could bring $94,000 into focus. The levels represent QCP’s market outlook, not confirmed future prices.

U.S. government-linked Bitcoin transfers have attracted attention during the recent market decline. Between October 7 and 8, government-associated wallets moved approximately 9,261 BTC worth $770 million to Coinbase Prime. The transactions involved several groups of seized assets, including Bitcoin linked to the Bitfinex hack.

Blockchain records documenting the U.S. government’s $770 million Bitcoin transfers did not confirm that the coins had  been sold. Coinbase Prime provides both custody and trading services, meaning a transfer to the platform cannot independently establish liquidation.

Separately, publicly listed Bitcoin mining company MARA Holdings transferred approximately 996.105 BTC worth $81.13 million to Galaxy Digital and another associated address on October 9. Lookonchain identified the transactions, although the available blockchain records did not establish that MARA had completed a sale.

The MARA Holdings Bitcoin transfers occurred as Bitcoin traded near $82,300, with market data showing continued weakness in short-term technical indicators. The mining company’s reported transactions did not include a publicly confirmed sale price or completed disposal agreement.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Bitcoin (BTC) presales

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Bitcoin is back trading at $83,700 after buyers absorbed a sharp move lower and drove a fast rebound. The recovery is constructive, but it has not yet cleared the resistance that would confirm a stronger breakout. The key question is whether spot demand can carry Bitcoin through $84,000–$85,000 while ETF flows drag its price prediction.

Earlier this morning, BTC fell toward $81,000 as South Korea’s KOSPI dropped 7%, briefly breaking below 6,000 and spreading risk-off pressure into crypto. Buying near the $81,500 weekly pivot helped trigger a V-shaped reversal, bringing Bitcoin back above $83,000.

BTC USD, TradingviewThe market conditions remain mixed: ETF outflows, high yields, and uncertainty around liquidity could cap upside. Traders now need confirmation from price and flows, not just a dramatic intraday recovery. A recent Bitcoin rebound analysis likewise centers on the levels and catalysts shaping this move.

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Bitcoin Price Prediction: Can BTC Break $85,000 This Week?BTC’s latest quote is $83,700, with a 24-hour movement of less than 1%; the rebound has brought the price close to the day’s high of $83,800. A sustained push through $84,000–$85,000 would provide the first meaningful confirmation. Our analysts also identify this zone as a key test, with $86,500 a level to watch if momentum builds.

Support sits around $82,000–$82,500, with the lower $80,300–$81,410 area next if buyers retreat. The $81,500 pivot is especially relevant after it held during the sell-off.

BTC USD, Tradingview Bull case: BTC clears $85,000 and sustains the move, opening a path toward $86,000–$87,000. Base case: Price consolidates between roughly $80,300 and $84,126 as traders wait for flow confirmation. Bear case: A loss of $82,000 exposes lower support; a break below $81,500 would weaken the current rebound thesis. ETF flows and upcoming US inflation data matter because renewed outflows or hotter inflation could reinforce tighter financial conditions, pressuring risk assets. For additional context on demand, see the reporting on Bitcoin ETF outflows and demand. Traders can track the $84,000–$85,000 reclaim and support response before treating this reversal as a trend change.

Trade Bitcoin on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key LevelsBitcoin’s rebound has restored some confidence, but BTC still needs to prove it can hold gains against resistance and macro headwinds. That leaves a familiar trade-off: established-market exposure has clearer liquidity, while early-stage infrastructure carries execution risk and can be harder to value.

For traders looking beyond the immediate BTC setup, Bitcoin Hyper is a Bitcoin Layer 2 project that combines the Solana Virtual Machine (SVM) with Bitcoin-focused infrastructure.

The project is the first Bitcoin Layer 2 with SVM integration, designed to bring smart contracts and faster, lower-cost execution to the Bitcoin ecosystem. Its features include a decentralized canonical bridge for BTC transfers and low-latency Layer 2 processing.

The current presale price is $0.0136875, with $33.1 million raised. Staking is offered too, with a high 30% APY, only for early buyers.

Research Bitcoin Hyper before the presale ends in 40 days.

Discover: The Best Token Presales

Upbit, Bithumb, and Coinone, three of South Korea’s leading cryptocurrency exchanges, have added the BLUR token to their list of assets at risk of delisting. The exchanges stated that the decision was made to protect investors.

According to statements from three exchanges, BLUR was evaluated under best practice guidelines for supporting the trading of virtual assets. The reviews identified several shortcomings regarding the commercial viability of the project and the sustainability of its operations.

Exchanges concluded that these shortcomings could pose a potential risk of harm to users. Therefore, it was decided to add the BLUR token to a watchlist as part of measures to protect investors.

Cryptocurrency exchanges operating in South Korea can evaluate the digital assets they list according to certain criteria. These reviews consider the projects’ ability to continue operating, their business models, and the risks they may pose to users.

Being placed on a delisting watchlist for a crypto asset doesn’t mean the token is immediately delisted from exchanges. However, such decisions indicate that the possibility of ending trading support for the asset in the future is being considered.

In announcements made by Upbit, Bithumb, and Coinone, shortcomings regarding BLUR’s commercial viability and sustainability were highlighted, while the potential for user harm was cited as a primary reason for the decision.

However, no delisting date has been announced for BLUR. Nor has a final decision been shared regarding whether or not trading support for the token will be terminated.

The simultaneous monitoring decision by three exchanges has increased uncertainty regarding the future of BLUR’s trading support in the South Korean cryptocurrency market. The exchanges’ assessments will be decisive going forward.

*This is not investment advice.

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43 minutes ago

Crypto market analyst Axel Adler Jr says on-chain data shows the average cost basis of Bitcoin long-term holders (LTHs) stands at $48,600, with the current price roughly 72% above that level. This group has remained in profit since January 2023, with its closest approach to the cost line coming in March 2023. The LTH average cost basis has fallen 1.7% since hitting a peak of $49,500 on July 30. Since August 1, 60 out of 74 days have recorded negative weekly changes, with the largest single-week drop hitting 0.34% on August 25, and the current reading standing at -0.06%. The analyst notes this decline remains moderate; a further drop would signal accelerating selling pressure, while a return to positive territory would mean long-term holders are resuming accumulation.

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By Joseph Wilkins

Bitcoin rebounded on Tuesday as U.S. Treasury yields and the dollar eased slightly, giving risk assets including cryptocurrencies some breathing room.

The flagship cryptocurrency was 1% higher on the day at $83,813, bouncing back after slipping as low as $81,222 overnight.

Stocks related to artificial intelligence are caught in a global selloff, while crypto assets are holding up better. Bitcoin is increasingly decoupling from its strong correlation with tech stocks over 2026. Asian chipmakers saw heavy losses Tuesday on valuation concerns, rising Chinese competition, and persistent geopolitical conflicts, making investors increasingly cautious.

Bitcoin's next big test is Wednesday's Consumer Price Index report, analysts at Bitfinex said in a note. U.S. inflation data will offer some clues on future interest-rate decisions by the Federal Reserve and could set the tone for crypto assets this week.

"The question for this week is whether Wednesday's U.S. Consumer Price Index (CPI) report changes the rate and yield outlook enough to give bitcoin room to move, and whether spot demand is there to carry it," the firm said. An upward movement in prices would potentially demonstrate improved spot demand, as would an improvement in net inflows into bitcoin ETFs, the analysts added.

Meanwhile, bitcoin treasury firm Strategy Inc., which holds the largest bitcoin reserve of any public company in the world, announced a new purchase on Monday. The firm bought 250 bitcoins, bringing its total ownership to 848,250 coins, at an average buying price of $75,444 across its treasury. This is the second purchase the bitcoin treasury company made since the start of the month, according to Strategy's data. Its purchases are often a catalyst for how bitcoin moves in a given trading day. Strategy shares fell 1.1% on Monday.

Write to Joseph Wilkins at [email protected]

XRP’s Rally Faces a Reality Check as Spot Trading Activity Dries Up

Evernorth (XRPN) has started trading on Nasdaq after merging with Armada Acquisition Corp. II, entering public markets with about 473 million XRP and roughly $300 million in gross proceeds.

Evernorth (@evernorthxrp) has made its Nasdaq debut under $XRPN after completing its merger with Armada Acquisition Corp. II. The company entered public markets holding approximately 473 million XRP and roughly $300 million in gross proceeds before transaction costs.

What XRPN offers investorsBuying XRPN is not the same as buying XRP outright.

Evernorth's own filings make a similar distinction.

Redemptions and treasury valueThe debut came with some caveats.

Evernorth has strong institutional backing.

Analysts caution against assuming the listing will lift the token.

Sources:

Yahoo Finance (via Decrypt): Ripple-Backed Evernorth Hits Nasdaq
Investing.com: Evernorth completes SPAC merger, to trade on Nasdaq as XRPN
FXStreet: Ripple-backed Evernorth goes live on Nasdaq

XRP faced renewed pressure early this week as the cryptocurrency traded near $1.40, following a sharp slide from its late September peak of $1.66 and a brief dip to $1.32 last week. The partial rebound prevented an immediate breakdown, but analysts indicate that the technical outlook remains precarious.

Key support levels under threatMarket observers note that XRP now hovers around a crucial support region between $1.35 and $1.38. A daily close below this range could expose the token to further declines, including a retest of $1.30 and a potential slide toward $1.25.

Technical analyst John Isige at FXStreet commented that XRP’s short-term prospects remain pressured unless buyers can secure a convincing daily close above $1.40. Isige highlighted that the 50-day exponential moving average (EMA) sits at $1.40, the 200-day EMA near $1.38, and the 100-day EMA around $1.34, clustering critical technical levels in a narrow channel.

XRP’s momentum indicators, such as RSI and moving averages, presently reflect a strong bearish bias, with multiple signals aligning below key support zones. A break below $1.35 would not simply represent losing one level but could simultaneously erase several layers of technical support.

On Monday, Investing.com classified XRP as a “Strong Sell,” as the momentum remained weak and the major moving averages generated sell calls.

Comparison of Key XRP Technical Levels

IndicatorLevel50-day EMA$1.40200-day EMA$1.38100-day EMA$1.34Key support zone$1.35–$1.38Downside target$1.25Positioning amplifies potential downsideOpen interest data reveal heightened risk. The Bitrue Research Institute, a crypto market analytics provider, reported XRP’s long-to-short ratio stood at 2.32, meaning bullish leveraged positions outnumber shorts by more than two-to-one. While high long interest is not inherently bearish, it can magnify losses if support levels collapse and forced liquidations cascade.

At the same time, whale activity on major exchanges remains muted, indicating that large holders may not be accelerating the sell-off. This factor could provide some buffer if bullish traders continue to defend the current price range.

Mini dictionary: Bitrue Research Institute is the analytics and research division of Bitrue, a cryptocurrency exchange that provides market intelligence, trading activity metrics, and blockchain-related data to support digital asset analysis.

$1.25 emerges as next key levelWhile a fall to $1.25 remains just a downside scenario for now, analyst Egrag Crypto sees XRP consolidating broadly between $1.30 and $1.45, but warns that dropping through $1.25 could expose the $1.18–$1.20 region.

Despite the volatile price action, demand from institutional investors continues. US spot XRP ETFs attracted $11.31 million in net inflows last week, with Bitwise accounting for $10.55 million of that amount. This suggests continued interest from larger market players even amidst price declines.

If bulls fail to regain control above the $1.35–$1.38 zone, $1.30 will be the next key support, and a deeper break may bring $1.25 sharply into focus as the chart’s next major test.

XRP has now closed below the critical $1.35–$1.38 support area on a daily basis, increasing pressure on the token’s near-term technical setup. Market participants are monitoring upcoming sessions for a recovery, as sustained weakness could make the $1.25 level a more plausible target.

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13 October 2026 | 09:03 XRP is holding above $1.34 support while approaching a resistance cluster near $1.42 on the daily chart.

That price range has become more important as recent futures activity eases from an elevated monthly level and exchange-flow data offers an incomplete view of supply.

XRP/USD daily chart showing Golden Cross. A recovery has reached its first resistance The XRP/USD daily chart showed XRP near $1.37 at the time of writing, placing price above the 50% Fibonacci retracement at $1.34. This level has acted as the immediate anchor during the pullback from the September high near $1.70.

The first resistance range sits at $1.425-$1.428, where the 50-day simple moving average near $1.4254 overlaps with the 38.2% Fibonacci retracement near $1.4278. XRP also remains beneath a descending trendline that passes through the high-$1.40s, creating another chart reference above the moving average.

Daily RSI was near 42.3, below the 50 midpoint and its own moving average. That leaves momentum subdued during the rebound. A sustained recovery through the $1.425-$1.428 range could shift attention toward the 23.6% Fibonacci level near $1.53.

Price structure
XRP is holding above its first pullback reference while testing a confluence of moving-average and Fibonacci resistance.

Futures activity
Current open interest has fallen below its elevated 30-day average, indicating a slower pace of outstanding-position growth.

Exchange behaviour
Withdrawal transactions are becoming more prominent, while reserve data still needs to confirm whether supply is actually leaving exchanges.

Futures positions have eased from an elevated month A CryptoQuant analysis found that XRP’s 30-day average open interest on Binance had reached an eight-month high of about $511 million. Its latest daily reading was lower, near $467 million, while the 30-day rolling open-interest Z-score stood around -0.99.

Binance XRP Open Interest Z-Score metrics. The comparison shows that the earlier surge in outstanding futures positions has eased from its recent average. Open interest includes contracts held by bullish and bearish traders, so the data cannot identify which side has been closing positions. It does show that XRP is carrying less current futures activity than the level that produced the eight-month monthly average.

Exchange activity gives only a partial supply picture A second CryptoQuant reading noted a rising share of XRP withdrawal transactions while exchange-reserve trends diverged. Withdrawal dominance can indicate that more transfers are moving away from exchange wallets than toward them, which may reduce readily available supply in some circumstances.

Transaction share measures transfer frequency rather than net volume. A large number of small withdrawals can sit beside a few large exchange deposits, producing a very different supply picture from the one implied by transaction count. Broader reserve declines and netflow data would provide firmer evidence that XRP is leaving exchange balances at scale.

XRP CEX deposit vs withdrawal percentages. Withdrawal-heavy activity also appeared during an earlier period when Binance withdrawals exceeded deposits. The current setup differs because the latest flow reading now sits beside a futures market that has cooled from a much higher recent average.

The lower support zone tests the broader structure If XRP cannot maintain the current pullback area, the daily chart points to a deeper range where several longer-term references gather. The zone’s relevance comes from the overlap of Fibonacci and moving-average levels, rather than one exact support price.

The support map below XRP

Near $1.34 · Immediate anchor

The 50% Fibonacci retracement is holding the current pullback together.

$1.26-$1.28 · Larger confluence zone

The 61.8% Fibonacci retracement, 100-day SMA and 200-day SMA meet in this range.

Near $1.14 · Lower Fibonacci reference

The 78.6% retracement would become relevant only after a sustained loss of the higher support cluster.

The 50-day SMA remains above the 200-day SMA, a constructive medium-term feature of the chart. The $1.26-$1.28 range gains its nearer importance from the 61.8% retracement and the 100-day and 200-day averages clustered around it; the moving-average cross provides the broader backdrop.

The golden cross supports the broader trend XRP’s 50-day simple moving average has crossed above its 200-day average, forming a pattern known as a golden cross. Technical analysts usually read it as a constructive medium-term signal because the more recent price trend has become stronger than the longer-term one.

On this chart, the 50-day SMA sits near $1.425 and has become part of the immediate resistance cluster. The 200-day SMA is closer to $1.280, within the deeper $1.26-$1.28 support range alongside the 61.8% Fibonacci retracement and 100-day average. That convergence gives the lower zone significance if XRP’s present support fails.

A golden cross provides trend context rather than a price target. XRP would still need to reclaim the $1.425-$1.428 resistance area and hold above it for the recovery to strengthen. A move back below $1.34 could shift attention toward the lower moving-average and Fibonacci cluster, while reserve data and spot activity would help clarify whether exchange withdrawals reflect sustained demand.

This article is provided for informational purposes only and does not constitute financial or investment advice. Technical indicators and onchain metrics are interpretive tools, not guarantees of future price movement.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

XRP has climbed back above $1.40, a level that has acted as a magnet for its price over the past month. One analyst who tracks order flow says the bigger picture looks healthy, but he expects XRP to dip once more before it can push into the $1.50s.

Why $1.40 matters

The $1.40 level marked the point of control for both the previous week and the previous month, the price where the most trading took place. XRP broke above it on Sunday after a strong green candle.

The analyst said that move came from short sellers closing their positions rather than a full short squeeze. He called it “bullish structural development” but warned that the short-term picture “remains quite fragile.”

A strong bounce from $1.34

On the higher time frames, he sees XRP in good shape. Last week, the price bounced hard from support at $1.34, and he said the buying at that low was strong enough to hold. XRP has traded inside the same range for about a month and a half, and he expects it to eventually reach the top of that range.

The market backdrop is supportive

Several outside factors are working in XRP’s favour, according to the analyst:

Equities: stocks opened higher despite weekend headlinesVolatility: the VIX, Wall Street’s fear gauge, remained calmOil: prices dropped at the open, easing pressure on marketsFunding rates: at normal levels, showing no excess bullish bettingHe also said that open interest in XRP futures has fallen sharply while the price holds steady. That leaves room for new leveraged positions to enter, which could fuel the next move.

Why a dip may come first

Sunday’s rally left behind small price gaps at $1.39, $1.38 and $1.37. Markets often return to fill such gaps. With several resistance levels overhead, the analyst expects XRP may briefly spike higher before falling back to test those lows.

“I think ultimately we’re going to test those lows once more before we actually will have a shot at getting back into the 1.5s,” he said.

Key XRP levels this week

Resistance: $1.43, $1.45 and $1.46, with $1.45 the main level to watchSupport: $1.36 to $1.37, where he expects a reactionMajor support: $1.34, last week’s lowUpside target: the $1.50s, once the dip is completeHe expects a quiet week with little volatility, and said he is unsure whether current conditions will allow a fast move higher.

Story Ends Here

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XRP has fallen 8.28% over the past seven days to $1.38, while declining futures activity and bearish technical indicators have raised questions about whether the cryptocurrency can defend its $1.30 support level.

Summary

XRP traded at $1.38 after falling 2.48% daily and 8.28% over seven days, CoinGecko reported. Binance XRP futures recorded $511 million average open interest, an eight-month high, CryptoQuant analyst reported. Daily open interest reached $467 million, below its monthly average, with its Z-score near -0.99. Analyst EGRAG cited XRP quarterly election-year returns across 2014, 2018, and 2022 as mixed results. Technical indicators showed XRP’s RSI below 50 and MACD below its signal line during trading. CoinGecko market data showed XRP trading at $1.38 at press time, down 2.48% over 24 hours, with daily trading volume reaching $2.15 billion. Its market capitalization stood at approximately $86.8 billion, supported by a circulating supply of roughly 63 billion XRP. A later October 13 market snapshot placed the token closer to $1.36, confirming continued price fluctuations.

XRP price faces selling pressure near $1.30 support Following its recent decline, XRP has struggled to maintain gains above the $1.45–$1.50 region. The supplied daily chart showed the cryptocurrency trading near $1.3766, following a recovery from lows recorded earlier in the year. Its longer-term price structure remained under pressure after retreating from levels above $2.20 in late 2025.

On the daily chart, immediate support sits around $1.30, with another potential buying area near $1.20. Resistance is concentrated between $1.45 and $1.50, while a sustained move above $1.60 would strengthen the recovery scenario. Previous analysis of XRP’s $1.30 support level identified the area as a zone where buyers had repeatedly entered the market.

The Relative Strength Index stood at 43.28 in the supplied technical reading, below its moving average of 49.61. With the indicator remaining beneath the neutral 50 level, the chart showed weaker buying momentum. However, the RSI remained above 30, meaning XRP had not entered oversold territory under the conventional interpretation of the indicator.

XRP price chart, source: TradingView Meanwhile, the Moving Average Convergence Divergence indicator showed its main line at -0.01196, below the signal line at 0.00763. The histogram registered -0.01959, confirming negative momentum at the time of the chart. A move above $1.50 would improve the short-term technical structure, while losing $1.30 could expose XRP to another test of lower support.

XRP futures open interest reaches eight-month average high Despite the price weakness, Binance futures data showed that average XRP open interest over the past 30 days had reached its highest level in eight months. CryptoQuant analyst Arab Chain reported that the 30-day average stood near $511 million, indicating increased derivatives activity during the preceding month.

The latest daily reading presented a different picture. Open interest had declined to approximately $467 million while XRP traded near $1.41 at the time of the analyst’s observation. The figure was $44 million below the monthly average, suggesting that outstanding futures positions had decreased from their recent elevated levels.

Source: CryptoQuant Arab Chain explained that rising open interest does not necessarily indicate growing bullish expectations because the metric includes both long and short positions. The analyst noted that the latest reduction could reflect existing positions being closed or slower demand for opening new leveraged trades.

The 30-day rolling XRP Open Interest Z-Score reinforced the difference between current activity and the monthly average. At approximately -0.99, the indicator showed that open interest was nearly one standard deviation below its recent mean.

Earlier analysis of XRP futures open interest and price volatility examined the relationship between falling derivatives positions and changing market conditions. The March report documented a 70% decline in aggregate open interest from October 2025 to March 2026, providing historical context for the latest derivatives readings.

Analyst sees mixed XRP returns after U.S. midterm elections With the U.S. midterm elections approaching in November, crypto analyst EGRAG CRYPTO has examined XRP’s historical performance during previous election years. The analyst shared quarterly return figures from 2014, 2018 and 2022, identifying substantial differences between the three periods.

#XRP – MIDTERM ELECTIONS: HISTORY TELLS A DIFFERENT STORY! 👀🔥

After analyzing #BTC, I turned to #XRP's performance during U.S. MIDTERM ELECTION YEARS!

Q4 MIDTERM RETURNS:
🟢 2014: +423.1% 🚀
🔴 2018: −39.4%
🔴 2022: −29.3%

NOW THE INTERESTING PART! 👀
What happened in Q1 &… pic.twitter.com/ZxxHIg6KOq

— EGRAG CRYPTO (@egragcrypto) October 12, 2026 According to his analysis, XRP gained 423.1% during the fourth quarter of 2014 but declined 39.4% in the same quarter of 2018 and 29.3% in 2022. The figures represent historical returns selected by the analyst and do not establish a reliable pattern for the upcoming election period.

Looking at the first two quarters following those midterm elections, EGRAG calculated an average XRP return of -6.8% in Q1 and a gain of 20.1% in Q2. His combined compounded calculation produced an average return near zero across the periods examined.

For comparison, the analyst estimated Bitcoin’s average post-midterm performance at 19.7% in Q1 and 59.7% in Q2, producing a compounded first-half average of approximately 86.5%. EGRAG suggested Bitcoin could lead a market recovery before investors turn toward XRP and other cryptocurrencies, although he emphasized that the dataset contains only three historical cycles.

In a separate October 13 post, EGRAG outlined a more aggressive long-term XRP price scenario for 2027. His projections included $6.40 as an initial expansion target, $10.38 as a fractal-based objective and a possible macroeconomic cycle peak between $20 and $27.

The targets remain speculative chart projections and are not supported by confirmed future buying demand or announced institutional transactions. At $1.38, a move to $6.40 would require a gain of approximately 364%, while reaching $10.38 would require a rise of roughly 652%.

Can XRP price recover toward $2? Another crypto market analyst, Carolina, has identified $1.39–$1.32 as a support area that could determine XRP’s next directional move. In her October 12 assessment, she said her preferred bullish scenario would remain valid as long as the previous Thursday’s low held.

Carolina identified $1.70 as an initial recovery objective, followed by $2.00 or higher if the price structure remained intact. The targets depend on XRP maintaining support and recording a confirmed upward breakout, neither of which was established by the latest market reading.

At the same time, CryptoQuant has published a separate analysis of XRP exchange reserves and withdrawal activity. The report examines differences between exchange balances and the share of transactions involving withdrawals, although its detailed numerical findings could not be independently retrieved from the public page.

For the immediate trading outlook, the supplied daily chart places the first resistance area at $1.45–$1.50. XRP would need to recover above that range before testing $1.60, with Carolina’s $1.70 and $2.00 projections representing subsequent conditional targets.

On the downside, the chart identifies $1.30 as the nearest major support, followed by $1.20 if selling continues. The latest RSI and MACD readings remain below their respective bullish thresholds, while CryptoQuant’s $467 million daily open interest figure shows a decline from the eight-month-high monthly average.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

XRP Hits Wall Street: Here’s How Evernorth’s XRPN Performed on Debut

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Summarize this article with:

In the week ending October 11, 2023, BitMine Immersion Technologies (NYSE: BMNR) purchased 12,532 ETH for an indicative value of 31.9 million dollars. However, the releases from October 5 and 12 reveal a very different reality: the total value of the company’s crypto assets, cash, and strategic holdings dropped from 17.4 to 16.2 billion dollars in one week. This development illustrates a key distinction: accumulating Ethereum crypto-assets does not guarantee an increase in portfolio value.

In brief

BitMine purchased 12,532 ETH in the week ending October 11, 2026, at a reference valuation of $2,544 per ETH.
Its reserves reach 6,028,946 ETH, or 4.9% of a supply estimated at 122.1 million ETH.
The announced total value of its crypto assets, cash, and holdings falls from $17.4B to $16.2B in one week.
At constant supply, 76,054 ETH theoretically separate BitMine from the 5% threshold, according to our calculations.
The company has staked 5,067,309 ETH and estimates annualized revenues of $336M, based on a recent yield of 2.61%.

How many ETH does BitMine lack to reach 5% of the global Ethereum supply?
As of October 11, 2026, BitMine held 6,028,946 ETH. This represents 4.9% of the supply estimated at 122.1 million tokens, according to its press release on October 12. At constant quantity, the threshold corresponds to 6,105,000 ETH. Hence, the company theoretically lacks 76,054 ETH.

However, this calculation differs from Tom Lee’s rounded estimate. In his monthly message on October 7, the president of BitMine mentioned about 100,000 additional ETH before the end of the Ethereum accumulation phase. The gap can be explained notably by :

the rounding used by the executive ;
the evolution of crypto holdings between the two dates.

Based on an ETH price of $2,544, the 76,054 missing tokens would represent about $193.4 million. However, this is an estimate based on the reference price used by BitMine, not the guaranteed future cost of crypto acquisitions.

The company claims to have purchased Ethereum every week since launching its cash strategy on June 30, 2025. According to it, the program has thus been realized to 99%. In its October message, Tom Lee even indicates that BitMine is approaching the end of this Ethereum accumulation phase. The exact timing of the last purchase is, however, not established.

Why does BitMine lose $1.2 billion in valuation despite its crypto purchases?
The total value of BitMine’s crypto assets, cash, and strategic holdings declined from 17.4 billion dollars on October 4 to 16.2 billion dollars on October 11, 2026. The decrease thus amounts to 1.2 billion dollars, or about 6.9% in one week.

The main explanation lies in the value of Ethereum. The reference price used by BitMine actually fell from $2,726 on October 4 to $2,544 on October 11. This represents a decline of about 6.7%. This drop occurs despite the purchase of an additional 12,532 ETH.

Other holdings also impacted the valuation. BitMine notably values its stake in Eightco Holdings at 85 million dollars on October 11, compared to 117 million dollars a week earlier. The company also holds a declared stake of 180 million dollars in Beast Industries. Its cash and marketable securities stand at 612 million dollars, compared to 643 million dollars on October 4.

IndicatorOctober 4, 2026October 11, 2026ETH held6,016,4146,028,946Reference price of ETH$2,726$2,544Cash and marketable securities$643M$612MParticipation in Eightco$117M$85MTotal declared assets, cash, and holdings$17.4B$16.2BSource: BitMine press releases from October 5 and 12, 2026. The values are those declared by the company at the indicated reference dates.
Ethereum purchases slow down as the 5% threshold approaches
BitMine bought 53,501 ETH in the week ending August 30, 2026, compared to only 12,532 ETH in the week ending October 11. According to our calculations, the decline reaches about 76.6% over six weeks.

This comparison, however, does not imply that the company stopped accumulating. It declared that it has continued its purchases every week since launching its “Alchemy of 5%” program. The slowdown also seems consistent with the proximity of the announced goal. However, it is not sufficient to prove that Ethereum purchases will stop immediately after the next publication.

Release dateETH bought during periodTotal heldAugust 31, 202653,5015,901,112September 8, 202628,0865,929,198September 14, 202627,1805,956,378September 28, 202644,924 over two weeks6,001,302October 5, 202615,1126,016,414October 12, 202612,5326,028,946Sources: Weekly BitMine releases published on PR Newswire. The periods covered are not all identical, notably that of September 28, which covers two weeks.
Tom Lee presents the strategy as a means to accumulate a significant share of the Ethereum supply before a possible new bullish phase. This interpretation obviously belongs to BitMine’s management. It neither proves that the Ethereum price will rise nor that BMNR’s stock will evolve in the same proportions.

The accumulation of most of our 6 million ETH took place during a bear market, and as the company approaches its 5% ETH accumulation target, we believe it is well positioned heading into the next bull market.

Ethereum staking represents 84% of BitMine’s reserves
As of October 11, BitMine declared to have staked 5,067,309 ETH in staking. This represents about 84% of its 6,028,946 ETH. At the reference price of $2,544, this amount represented about 12.9 billion dollars.

That’s not all! BitMine also estimates its annualized staking revenues at 336 million dollars, based on an annualized yield of 2.61% calculated from the last seven days. At full scale, the company projects annualized revenues of 400 million dollars if its holdings were fully staked by MAVAN and its partners.

One thing is certain: BitMine seems to be approaching the end of its “Alchemy of 5%” program. Expected around October 19 (if the publication pace continues), the next weekly update will allow verification of the volume of new purchases and the valuation retained for Ethereum. Story to follow…

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Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

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.

Bitcoin, salı sabahı 80.850 dolara düştükten sonra birkaç saat içinde 83.500 dolara yaklaştı. Bu sert dönüş, kripto piyasasında 810 milyon doları aşan tasfiyeye eşlik etti. Kayıpların yaklaşık yüzde 85’i yükseliş bekleyen long pozisyonlardan geldi.

Bitcoin 80.850 Dolardan Hızla Toparlandı Bitcoin, önceki iş haftasının sonunda 80.400 dolara gerileyerek 18 günlük en düşük seviyesini görmüştü. Alıcılar hafta sonunda devreye girdi ve BTC’yi 83 bin dolara taşıdı.

Ardından hedef 84 bin dolardı. Ancak pazartesi günü gelen satışlar yükselişi durdurdu. Salı sabahı yeni bir düşüş dalgası başladı ve Bitcoin, Bitstamp verilerine göre 80.850 dolara kadar indi.

Sonrasında yön yeniden değişti. BTC birkaç saat içinde 83.500 dolara yaklaştı. Fakat bu toparlanma, 84 bin dolar direncinin aşıldığı anlamına gelmiyor.

Altcoinlerde de Sert Hareketler Yaşandı Bitcoin’deki dalgalanma altcoinlere de yansıdı. Bazı büyük kripto varlıklar dip seviyelerinden toparlansa da son 24 saatlik performansları farklılaştı:

Ethereum (ETH): 2.410 dolara düştükten sonra yaklaşık 100 dolar toparlandı. XRP: 1,31 dolardan 1,36 dolara yükseldi. Buna rağmen 1,40 dolarda satışla karşılaştığı için son 24 saatte yüzde 3’ten fazla değer kaybetti.

Kripto Tasfiyeleri 810 Milyon Doları Aştı CoinGlass verilerine göre son 24 saatte yaklaşık 810 milyon dolar değerindeki long ve short pozisyon tasfiye edildi. Tasfiyelerin yaklaşık yüzde 85’ini long pozisyonlar oluşturdu. Bu dağılım, yükseliş beklentisiyle kaldıraçlı işlem açan yatırımcıların daha ağır kayıp yaşadığını gösteriyor.

Tasfiye edilen yatırımcı sayısı 173.611’e ulaştı. Binance’te gerçekleşen en büyük tekil tasfiyenin değeri ise 9,6 milyon doları aştı.

Bitcoin’in birkaç saat içinde önce 80.850 dolara gerileyip ardından 83.500 dolara yaklaşması, kaldıraçlı piyasalardaki riskin boyutunu ortaya koyuyor. Yine de fiyatın toparlanması tek başına düşüş baskısının sona erdiğini kanıtlamıyor. Piyasada 84 bin dolar seviyesi önemini koruyor.

Bitcoin Neden Düştü? Jeopolitik Gerilim ve Tahvil Baskısı Kripto piyasasındaki satış baskısı, Orta Doğu’daki çatışmanın tırmanmasıyla aynı döneme denk geldi. CBS’nin haberine göre Husilerin Suudi Arabistan’daki havalimanlarına yönelik saldırıları bir hafta içinde en az 20 kişinin ölümüne yol açtı. ABD Başkanı Donald Trump da Washington’un Yemen’deki Husilere karşı Suudi Arabistan’ın operasyonlarına katılabileceğini söyledi.

Enflasyon endişeleri de piyasalar üzerinde baskı oluşturdu. ABD Hazine tahvili getirilerinin 24 yılın en yüksek seviyelerine yakın seyretmesi, faiz getirisi sunmayan kripto varlıklara kıyasla tahvilleri daha cazip hâle getirebilir.

Asya piyasalarındaki satışlar da risk iştahını zayıflattı. Güney Kore’nin KOSPI endeksi salı günü yaklaşık yüzde 5 gerilerken Samsung Electronics ve SK Hynix hisseleri de düştü. Ethereum hazinesi şirketi BitMine’ın yönetim kurulu başkanı Tom Lee, Güney Kore piyasasındaki düşüşü kripto varlıkların kayıplarıyla ilişkilendirdi.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Raoul Pal expects the cryptocurrency market to reach $10 trillion within the next 18 to 24 months and potentially $100 trillion by 2035. The Real Vision CEO believes rising global liquidity, AI investment, stablecoins and tokenized assets will support long-term crypto growth.

Speaking at Suie Base Camp in Singapore on October 7, Pal said crypto prices remain below their long-term trend but warned that financial conditions have not yet signaled a sustained recovery.

The outlook comes after more than $1 billion in leveraged crypto positions were liquidated over 24 hours on October 8–9, with most losses affecting traders who had bet on rising prices.

Bitcoin Is UndervaluedPal said Bitcoin is trading below its long-term trend and remains undervalued compared with technology stocks. However, he does not expect an immediate rally because global liquidity conditions remain weak.

He identified long-term interest rates, oil prices and the US dollar as key factors affecting financial markets. A weaker dollar and improving liquidity would provide a stronger signal for crypto prices.

“Crypto is far too cheap where it should be anyway,” Pal said, adding that investors should consider the long-term trend rather than focus only on short-term price movements.

Pal also advised investors who cannot tolerate sharp market declines to reduce their exposure and keep funds available for potential buying opportunities.

AI Investment Could Extend the Crypto CyclePal rejected the view that rising AI investment will necessarily lead to a major debt crisis. He argued that large technology companies have relatively low debt compared with their market valuations and cash-generating capacity.

He acknowledged that some AI infrastructure companies could face financial problems if revenues fail to meet expectations. However, he believes a failure involving a company such as OpenAI would not automatically end the broader AI investment cycle, as other companies could acquire its computing infrastructure.

Pal compared the current AI investment boom with the telecommunications expansion of the late 1990s. Although several telecom companies collapsed after investing heavily in internet infrastructure, their networks later supported wider internet adoption.

He also expects AI to increase productivity by reducing the cost of computing and generating intelligence. In his view, stronger productivity growth could help economies expand without requiring debt to rise at the same rate.

Pal said investors should not assume Bitcoin’s traditional four-year cycle will determine the timing of the next market peak, as broader economic and technology trends could extend the cycle.

Stablecoins and Tokenized Stocks Could Drive Crypto GrowthPal identified stablecoins and tokenized real-world assets as important sources of future demand for blockchain networks.

Stablecoins can support payments and trading, while tokenization allows traditional financial assets such as stocks, bonds and investment funds to be represented on blockchains.

He expects financial institutions to bring more assets on-chain, increasing the use of blockchain infrastructure beyond cryptocurrency trading. Pal also sees potential demand from AI agents that use digital financial services.

Discussing the scale of this opportunity, Pal said, “We’ll get to a trillion dollars of stable coins in by in the next four years, three years.”

His estimate reflects his expectation of continued stablecoin adoption rather than a guaranteed market outcome.

Raoul Pal’s $10 Trillion and $100 Trillion Crypto Market TargetsPal expects the total cryptocurrency market to reach approximately $10 trillion within 18 to 24 months and potentially $100 trillion by 2035.

These are market-wide projections, not specific price targets for Bitcoin or Ethereum. Pal did not provide individual coin prices in the cited remarks.

Reaching these valuations would depend on continued crypto adoption, improving liquidity and increased use of blockchain networks for financial transactions. The results would also depend on how market value is distributed across Bitcoin, Ethereum and other digital assets.

Pal said the financial system is beginning to move toward blockchain-based infrastructure, with stablecoins and tokenized securities among the developments he expects to support growth.

What Could Affect Crypto Prices Next?Pal said the market still lacks a clear signal for a sustained recovery. Investors should watch global liquidity, US dollar movements, oil prices and interest rates to assess whether financial conditions are improving.

Stablecoin supply is another indicator to monitor because it provides a measure of the dollar-linked assets available within crypto markets.

Although Pal remains bullish over the long term, further tightening in financial conditions could prolong market volatility. His projections depend on liquidity improving and adoption continuing; neither outcome guarantees that crypto prices will rise on a particular timeline.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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Starknet Stumbles Mid-Rally. Can Its 213% Monthly Gain Survive the Unlock?

BitMine Immersion Technologies increased its Ethereum holdings last week, purchasing 12,532 ETH and bringing its total treasury to approximately 6.028 million tokens. The company, led by Chairman Thomas Lee, is now approaching its stated goal of holding 5% of Ethereum’s circulating supply, despite facing more than $4 billion in unrealized losses on these assets.

BitMine’s accumulation strategy and bullish outlookBitMine Immersion Technologies operates as a digital asset mining and holding company specializing in blockchain and cryptocurrency applications. By steadily adding to its ETH reserves, BitMine has positioned itself as a major holder in the Ethereum ecosystem.

Thomas Lee described four potential drivers that could underpin an extended crypto bull market: increased use of tokenization, impending generational wealth transfers, aggressive accumulation of crypto assets by digital asset treasury companies, and the expanding relationship between cryptocurrencies and artificial intelligence. Lee emphasized that younger generations inheriting significant wealth may have a greater appetite for assets like cryptocurrencies and equities, supporting longer-term demand.

He also noted that growing holdings by digital asset treasury companies could reduce the available supply of major cryptocurrencies. Lee drew a comparison to the 2019 to 2021 market cycle, stating that treasury accumulation now plays a much more prominent role.

These factors underpin Lee’s view that the market could see a significant bull run, though he stopped short of declaring that a record cycle is guaranteed.

BitMine’s intention is to halt further ETH purchases once its holdings reach 5% of the total Ethereum supply. This target, if achieved, would remove a substantial recurring source of demand that has helped support ETH prices over the past year.

According to Lee, much of the company’s current ETH reserve was acquired during the recent bear market, positioning BitMine to benefit should market conditions recover. However, Artemis data reveals that the firm’s ETH holdings currently face unrealized losses exceeding $4 billion.

Mini dictionary: Artemis, a blockchain analytics platform providing on-chain data for assets such as Ethereum, Bitcoin, and others. Artemis delivers insights into token holdings, market trends, and network activity for institutional and retail investors.

CompanyTotal ETH HeldTarget ETH Supply ShareUnrealized LossBitMine Immersion Technologies6.028 million5%$4 billionEthereum technicals: Price rebounds from supportEthereum recorded approximately $183.61 million in liquidations during the past 24 hours, with long positions contributing $144.37 million. Despite volatility, ETH defended the $2,400 support level and is currently trading around $2,523.

On the daily chart, Ethereum has managed to reclaim the 20-day EMA near $2,592. Immediate resistance is observed at $2,548, while key support areas include the 50-day EMA at $2,503 and the 100-day EMA at $2,351.

Technical indicators show the Relative Strength Index near 42 and the Stochastic oscillator at approximately 28, signaling muted buying momentum as ETH attempts to stabilize.

A sustained recovery above $2,592 could shift focus to resistance at $2,636 and $2,781, while losses below $2,503 risk exposing ETH to deeper support around $2,204 and $1,971.

The price action leaves Ethereum’s short-term outlook neutral to moderately positive. The market continues to monitor whether BitMine’s accumulation and Lee’s optimistic scenario could influence ETH’s trajectory in the coming months.

Blur will retire its trading website on November 12, leaving its marketplace contracts on Ethereum while its Blend lending service stops matching new loans. Its exit from the interface business follows the closures or contraction of several NFT venues. The distinction between an NFT, the contract that transfers it and the website through which a holder can manage it now matters more than the industry’s old volume rankings.

Summary

Blur’s website will close on November 12, 2026, while its Ethereum marketplace contracts remain operational. Blend will stop matching new loans on November 12, and borrowers must repay or face the protocol’s default process. X2Y2 shut its marketplace in April 2025, while Binance NFT ended service in July 2026. Magic Eden left Bitcoin and EVM NFT trading in March 2026 but continued operating its Solana marketplace. Blur’s March 2026 monthly volume was under $7 million, compared with about $1.43 billion in March 2023. Blur’s October 12 notice set a date for retiring its frontend, the website through which most people encounter its marketplace. The protocol will remain operational on Ethereum, and BLUR holders will retain control of its fee switch. A separate Blend notice said the lending service would stop matching new loans on the same date. Borrowers have until then to repay or allow their loans to default; a later withdrawal interface is promised for remaining assets.

JUST IN: s ethereum:0x5283d291dbcf85356a21ba090e6db59121208b44 drops 32% as Blur marketplace announces shut down of its marketplace frontend on Nov. 12

Blend will stop matching new loans on the same date, giving borrowers until then to repay or risk default, while Blur’s… pic.twitter.com/z9Aw62b4FW

— crypto.news (@cryptodotnews) October 13, 2026 Those sentences describe different kinds of continuity. Smart contracts can keep accepting transactions after the company stops maintaining a familiar website. A borrower who needs to manage a loan has a more immediate problem than a collector whose NFT simply remains in a wallet. Comparing Blur with other retreats reveals which functions survived and which depended on a business paying to keep the doors open.

Blur is retiring its interface, not deleting Ethereum assets Blur’s October news described a platform built for traders who needed collection bids, bulk actions and tools that a conventional gallery style marketplace did not provide. Its fee free trading model and token incentives helped it gain share during the 2023 NFT boom. The closure announcement does not say that Ethereum tokens traded on Blur will disappear. Ownership is recorded in the respective NFT contracts, which are separate from the marketplace website.

A marketplace contract is another layer. It can execute a transaction if a user or replacement interface supplies the required call and the relevant approvals, payment and signatures remain valid. A contract remaining live is not a commitment that a team will maintain search, order books, customer support, analytics or a convenient way to cancel an old listing. Blur has not announced a replacement marketplace interface. The practical usability of its contracts after November 12 will depend on outside tools and the status of existing orders.

The BLUR token will continue to govern the protocol fee switch, according to the project. That is a defined governance role, not a promise that fees will be turned on or distributed to token holders. Blur did not announce a new business plan in the shutdown notice. The value of a fee switch depends on future trading activity, decisions by token holders and the contract’s actual economics.

CoinDesk’s comparison of marketplace data puts Blur’s monthly volume at roughly $1.43 billion in March 2023 and below $7 million in March 2026. Even taking $7 million as the upper bound, the fall exceeds 99.5%. Gross trades are not revenue. At a zero marketplace fee, a billion dollars of turnover can produce no transaction fee for the protocol. Incentive costs and the economics of the company behind the website are separate questions for which the public notice offers no complete accounts.

Blend leaves borrowers with a different deadline Blend introduced lending against NFTs in 2023. A borrower pledges a collectible as collateral, receives funds and remains subject to the loan’s refinancing and default rules. The lender’s claim and the borrower’s ability to recover the NFT are governed by the loan arrangement, not by a headline saying a marketplace has shut down. Blur’s Blend schedule is therefore the more consequential notice for a user with an open position.

New loan matching ends November 12. Existing borrowers have a choice under the published statement: repay by then or allow default. Blur says it will provide a frontend tool after the cutoff for users to withdraw assets from Blend. It has not, in that notice, specified the launch time of the withdrawal tool, a complete list of supported positions or a current total of outstanding loans. An editor cannot infer that every lender or borrower has identical choices from the single sentence announcing the service change.

A trade in an NFT and a loan secured by an NFT involve different counterparties. Market liquidity can vanish without transferring ownership of a token. A lending default can change rights to pledged collateral even though a token still exists on Ethereum. Holders should distinguish the marketplace deadline from their own contract terms, and verify any recovery instructions through the project’s official channels. Closure announcements are particularly easy for impersonators to copy.

The original Blend launch explanation describes peer to peer loans without fixed expiration, and explains refinancing auctions. Those mechanics help explain why winding down new matches may matter before an old loan has a simple calendar maturity. The current notice controls the announced timeline; the 2023 design document is context for how the protocol worked, not a substitute for current position specific terms.

Which NFT businesses actually closed? X2Y2’s founder said in March 2025 that its marketplace would close on April 30 after three years. The team cited the drop in NFT trading and its decision to move into other work. Contracts remaining onchain did not preserve a functioning marketplace business. X2Y2 had reported $5.6 billion in lifetime volume, a cumulative measure that said little about the volume available to pay for future operations.

"After an incredible 3-year journey, I have some important news to share: X2Y2 will be sunsetting as an NFT marketplace on April 30, 2025. The contracts will remain live, but the platform itself will shut down." CEO @tp_x2y2 @the_x2y2 shuts down its NFT marketplace. pic.twitter.com/LqvTQjlyeE

— crypto.news (@cryptodotnews) March 31, 2025 MakersPlace announced its closure in 2025 after struggling with deteriorating conditions for digital art. Its account of the shutdown describes efforts to preserve access to works and help users recover assets held through its custody arrangements. The distinction matters: a self controlled NFT in a wallet and a work accessed through an account or embedded wallet do not require the same exit instructions. The company’s later shutdown account says winding down the site and business took almost 10 months.

Foundation’s founder said in May 2026 that an attempted rescue transaction had failed and its marketplace would not return to active service. The temporary restoration reported at the time was designed to let users delist NFTs and secure assets. A site briefly available for withdrawals should not be counted as a restored venue.

Binance closed its NFT marketplace in July 2026, giving users a deadline to withdraw transferable NFTs. Its NFT venue was part of a much larger exchange; the closure was of the NFT product, not Binance as a company. Magic Eden ended Bitcoin and EVM marketplace support in March 2026 while keeping its Solana marketplace. It is inaccurate to say Magic Eden as a whole went out of business. Each retreat removed a different route into NFT trading.

PlatformChangeWhat remained or required attentionBlurWebsite scheduled to close November 12, 2026Ethereum contracts continue; Blend users face a loan deadlineX2Y2Marketplace closed April 30, 2025Existing onchain assets and contracts did not preserve the trading siteMakersPlaceCompany and site closed during 2025Asset access depended partly on custody and retrieval arrangementsFoundationMarketplace closure confirmed in May 2026Temporary user access for delisting and securing assetsBinance NFTNFT product ended in July 2026Parent exchange continued; transferable NFTs had a withdrawal deadlineMagic EdenBitcoin and EVM trading ended in March 2026Solana marketplace continued Trading volume hid the business question The NFT industry often ranked venues by gross turnover. Volume can indicate liquidity, but it cannot by itself explain whether a marketplace can pay engineers, customer support, indexing services and security reviewers. Multiply Blur’s March 2026 volume ceiling of $7 million by a zero trading fee and transaction fee revenue remains zero. Other income streams, if any, would require separate accounting. The calculation is simple, but it cuts through the common assumption that a large historical volume figure proves a lasting business.

Trading incentives further complicate comparisons. A platform that rewards activity can attract orders that would not occur at the same frequency without rewards. Collection bids and rapid flips can make a venue essential to traders for a period without making it the default place for long term collectors. When incentives end, the relevant question is how much organic flow remains and whether that flow pays enough to maintain the service. Public volume alone cannot divide organic trades from incentive motivated ones.

For users, concentration has another cost. If collectors, lenders and developers arrange their workflows around one website, its closure can disrupt listings and price discovery even when ownership is decentralized. Interfaces perform indexing, filtering and presentation work that a raw Ethereum node does not provide. OpenSea and other surviving venues can list assets, but existing orders, fee settings, royalties and lender claims may not migrate as a simple website redirect.

The competing view deserves weight. A protocol can outlive its original operator precisely because its contracts are public and composable. Developers could create a replacement Blur interface, and users can move NFT inventory across marketplaces without a central registry moving their tokens. Blur’s continued contracts give that argument a concrete basis. What has not been shown is whether independent teams will provide the full set of tools and order discovery that the closing website supplied, or how much demand will remain for them.

The exit problem differs by asset and account An NFT holder with a token in a self controlled wallet can check the collection contract and wallet address on Ethereum regardless of the Blur website. A user with an outstanding Blend loan needs to inspect the loan’s terms and collateral status before November 12. A trader with an active listing may need to understand where the signed order can still be executed and how to revoke it. A maker who relied on a platform to host images or metadata needs to check where those files live. One closure notice cannot settle all four situations.

Token ownership and media availability are separate. NFT metadata may point to files hosted on decentralized networks, a project’s server or a third party. A marketplace typically displays information it fetches from those locations. Its closure can remove a convenient display without deleting the token or the underlying file. If the file itself depends on a service that ends, a holder can face a different problem: a token that remains transferable but displays a broken reference. The answer depends on each collection’s contract and storage design.

The same care applies to approvals. A user may have authorized a marketplace contract to transfer a collection or a token. Whether that approval remains active after the site closes depends on the contract and wallet state. A disappearing interface does not automatically revoke permissions. Equally, a general claim that every old approval is dangerous would be unsupported. The practical check is an onchain view of the wallet’s current authorizations, using independently verified contract addresses.

The platform exits do not establish that NFT art, game items or collectible markets have ended. OpenSea expanded Solana support in 2026, and Magic Eden retained Solana trading even as it closed other lines. The closures do establish that several specific services could not or did not continue in their prior form. Any account of an industry wide collapse has to separate a company’s finances from demand for each chain and collection.

Blast is connected to Blur, but it is a separate closure Blast, the Ethereum layer 2 associated with Blur founder Tieshun Roquerre, announced its own wind down on October 2. Its stated issue was that network costs exceeded revenue. Blast users were told to move assets back to Ethereum by an interface deadline; later contract access was described as a recovery route. A layer 2 network is infrastructure, not an NFT marketplace, so counting Blast as another marketplace closure would misstate the pattern.

The connection is still useful. Both projects made user access depend on maintained interfaces and operating teams, and both published paths for users to interact with surviving onchain systems. Network shutdown adds a bridge and asset migration problem that an Ethereum based marketplace frontend does not create. A collector holding an Ethereum NFT listed on Blur should not assume the Blast withdrawal schedule applies to that token. A Blast user should not rely on Blur’s November date for funds on the layer 2.

Chronology matters here: Blast announced its plan 10 days before Blur’s October 12 notice. That sequence is observable. It does not prove that one shutdown caused the other, nor does it disclose how the projects allocated staff or funds. The public announcements state different operational reasons and deadlines.

What could reverse the marketplace retreat? A recovery in NFT trading would improve the opportunity for marketplaces, but volume alone would not solve a model with no transaction fee. Surviving venues may earn from fees, ancillary tools, launch services or lending, each carrying its own costs and dependence on users. Measuring sustainable activity would require comparing fee income, incentives paid, repeat users, development spending and liquidity across collections. The closure notices do not publish a sector wide ledger with all of those entries.

JUST IN: Billionaire NFT collector Adam Weitsman buys 117 Pudgy Penguins NFTs

Weitsman says the purchases were meant to support the collection during a tough period, as Pudgy Penguins’ weekly NFT sales surged 125.66% through Oct. 10, according to CryptoSlam. pic.twitter.com/EmCwiq8Sy1

— crypto.news (@cryptodotnews) October 12, 2026 NFTs also have uses that are not repeated marketplace trades. A gallery can be maintained for long held art while trading remains light. A game item can be useful inside a game without changing hands every week. These use cases do not automatically finance a broad trading terminal. Conversely, strong demand for the asset category would not guarantee the survival of any particular intermediary that once captured its trading flow.

The narrower conclusion is more useful than a proclamation that NFTs are dead. Blur, X2Y2, MakersPlace, Foundation and Binance NFT had different clients and structures, yet each reduced or ended a service once presented as durable. A holder should know the location of the token, the identity of any custodian, the state of active orders and the deadlines for a live loan. Those facts survive headline debates about the sector.

What to watch November 12 website cutoff: Check whether Blur publishes exact steps for listings, bids and contract interaction before the frontend closes. Blend loan matching: Track whether new matches stop on schedule and how existing borrower and lender positions are handled. Withdrawal interface: Verify the release date, supported positions and official domain of the promised Blend recovery tool. Independent interfaces: Look for a working third party interface to Blur’s contracts and evidence of actual order flow after the website closes. Marketplace economics: Compare post closure trading activity with observable fee income instead of treating historical gross volume as revenue. FAQ Is Blur shutting down completely? No. Its website is scheduled to close on November 12, 2026, while its Ethereum marketplace contracts remain operational. The announcement does not guarantee continued maintenance of the familiar interface.

Will NFTs bought through Blur disappear? A Blur website closure does not delete an Ethereum NFT held in a wallet. A particular collection’s metadata and media depend on its own storage arrangement.

What happens to Blend loans on November 12? Blend stops matching new loans. Blur says borrowers must repay by the date or allow default under the protocol, and promises a later withdrawal interface.

Did Magic Eden shut down too? Magic Eden ended Bitcoin and EVM NFT marketplace support in March 2026 but continued its Solana marketplace. Calling the entire company closed would be inaccurate.

When did X2Y2 close its marketplace? X2Y2 announced an April 30, 2025 marketplace shutdown. Its founder cited the sharp fall in NFT trading and a move toward other work.

Can a listing remain executable after a website closes? Potentially, depending on the signed order, contract state and approvals. The shutdown notice alone does not cancel every authorization; users should check their own onchain position.

Was Blast another NFT marketplace that closed? No. Blast was a separate Ethereum layer 2 project associated with Blur’s founder. Its October 2 wind down involved network and bridge withdrawals.

Does the closure prove NFTs have no buyers? No. It establishes a change in several specific marketplace businesses. Other venues and collections still operate, and NFT ownership is separate from the survival of a trading site. This is educational analysis, not investment advice.

Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures reflect regulatory filings and reporting available at the time of writing and change with each disclosure. Nothing here is a recommendation to buy, sell, or hold any security or asset. Always do your own research. Information is accurate as of October 13, 2026.

Leading cryptocurrencies plunged on Monday as geopolitical uncertainty and upcoming inflation data kept investors on edge.

Crypto Market PlungesBitcoin nearly slipped below the $81,000 mark before staging a late-evening rebound. Ethereum dipped to the $2,400 level and is now down nearly 10% over the last week. XRP and Dogecoin also recorded steep drops.

Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.08% and 0.83%, respectively. 

More than $775 million in cryptocurrency positions were liquidated over the past 24 hours, including $493 million in just the last four hours, according to Coinglass data. Long position traders bore the brunt of the losses.

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Bitcoin’s open interest slipped 1.64% over the last 24 hours. Retail and whale derivatives traders on Binance, meanwhile, flipped “Bullish” on BTC, increasing their long exposure.

Top Gainers (24 Hours) 

Dow Rallies, S&P Near FlatlineStocks had a mixed day on Monday. The Dow Jones Industrial Average rose 195.60 points, or 0.38%, to close at 51,850.55. The S&P 500, in contrast, fell 0.06% to end at 7,807.24, while the tech-heavy Nasdaq Composite shed 0.44% to close at 27,245.90.

Russian strikes on Ukrainian energy facilities continued even after President Donald Trump announced an “energy ceasefire” between the two countries.

The United States Oil Fund (NYSE:USO), which tracks WTI crude oil, sharply rebounded, closing up 1.91% at $151.03 on Monday.

‘Pullback Isn’t the End of Anything’Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that whales have increased accumulation as Bitcoin fell from $87,000 toward $80,000. However, they believe the asset still needs to clear a key “hurdle” first.

“On-chain data shows nearly 800,000 BTC were previously traded around $84,569. A break above this supply zone would strengthen the case for a move higher,” the analyst predicted.

Technical analyst Kevin said that a year-end pullback was inevitable, although their “plan” remains unchanged: $77,000-$83,000 keeps $93,000-$100,000 in play, while a close below $77,000 opens $67,000-$76,000

“CPI Wednesday is the catalyst. A pullback isn’t the end of anything. It’s the next opportunity for the sidelined and should result in a higher low,” Kevin added.

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