Digital asset treasuries have become one of the most prominent features of the current crypto bull market. So-called DATs are businesses that acquire a hoard of a given cryptocurrency, from Bitcoin to Dogecoin, and seek to operate a publicly-traded vehicle that provides sell exposure to those assets in the form of shares. But with the number of projects ballooning, critics have warned that digital asset treasuries, or DATs, could be the latest crash in the rollercoaster sector. In the latest episode of Fortune’s Crypto Playbook (which you can find on Spotify, Apple, and YouTube), Tom Lee, the longtime analyst and chairman of the leading DAT BitMine, said that the bubble might already have burst.
Lee first learned about Bitcoin while serving as the chief strategist at JPMorgan in 2012, starting his own research company Fundstrat a few years later and building a reputation as an outspoken Bitcoin bull when much of Wall Street was still skeptical. In June, he became a crypto executive himself, joining a little-known publicly traded Bitcoin mining company called BitMine as it sought to rebrand itself into the largest institutional holder of Ethereum.
The software CEO Michael Saylor pioneered the approach with his company MicroStrategy, which began accumulating large stockpiles of Bitcoin in 2020, quickly becoming a way for investors to get access to the volatile cryptocurrency through a publicly traded vehicle, long before the approval of exchange-traded funds. The idea for BitMine was to do the same but for Ethereum, the second-largest cryptocurrency.
Though Ethereum has at times struggled in recent years amid the proliferation of other blockchains and its own technical challenges, Lee argued that it is still the “blockchain of Wall Street,” especially as financial firms explore the implementation of stablecoins and different tokenized assets, many of them native to Ethereum.
BitMine, whose market capitalization sits above $15 billion, holds over three million Ethereum tokens, or around 2.5% of the total supply, though Lee’s goal is to acquire 5%. While investors have more options to buy top cryptocurrencies than when Saylor began accumulating Bitcoin for MicroStrategy, Lee argues that BitMine still offers advantages, from reaping staking rewards to being included on major stock indexes. “We’re essentially a liaison between how Wall Street views future upgrades to Ethereum,” Lee said.
That doesn’t mean that digital asset treasury companies as a broader asset class will prove successful, especially as more launch to hold different types of cryptocurrencies, including so-called “alt” coins such as Sam Altman’s Worldcoin. Lee pointed out that many DATs are trading below their net asset value, or the worth of their underlying crypto holdings, as an increasing number launch into the public market. “If that’s not already a bubble burst,” Lee asked, “How would that bubble burst?”
On the new Fortune Crypto Playbook vodcast,Fortune’s senior crypto experts decode the biggest forces shaping crypto today. Watch or listen now
After a turbulent few days, Bitcoin (BTC) has resumed its downtrend, currently retracing toward $111,000. This marks a 12% decline from its recent peak of $126,000, which raises concerns among market experts who suggest that the bull run may be closer to its end than many investors believe.
End Of Bitcoin Bull Cycle Within Nine Days?
On October 14, market analyst CryptoBirb, took to social media platform X (formerly Twitter) to assert that the bullish cycle is nearing its conclusion, stating that it may end within the next nine days.
He referenced the Cycle Peak Countdown indicator, which suggests that Bitcoin is 99.3% through its current cycle, having lasted 1,058 days. According to CryptoBirb, this final stage is characterized by a “textbook shakeout of weak hands,” a common pattern observed before market peaks.
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CryptoBirb emphasized that October 24 serves as a critical target date, just nine days away, and labeled the recent crash as “right on schedule.” He further explained that the market is deep within the peak zone, with 543 days elapsing since the last Bitcoin Halving, exceeding the historical peak window of 518 to 580 days.
Bitcoin price performance after its Halving. Source: CryptoBirb on X
The sentiment in the market also appears to have shifted dramatically, with the Fear & Greed Index plummeting from 71 to 38, indicating a reset from fear to euphoria. The Relative Strength Index (RSI) also dropped from 67 to 47, suggesting that this emotional washout may create an ideal launchpad for a final euphoric surge.
However, technical indicators show mixed signals: while the Average True Range (ATR) has expanded to 4,040, indicating higher volatility, the RSI’s position at 47 suggests a reset momentum.
What On-Chain Metrics Suggest
Institutional investors have also begun to shift their strategies, as evidenced by recent Bitcoin Exchange-Traded Fund (ETF) flows, which reversed from $627 million in inflows to $4.5 million in outflows.
Ethereum ETF outflows reached $174.9 million, indicating that smart money is taking profits before retail investors potentially fear of missing out (FOMO) in. CryptoBirb asserts that this behavior aligns with a classic distribution-to-accumulation transition.
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On-chain metrics reflect a cooling market, with the Net Unrealized Profit/Loss (NUPL) dropping to 0.522 from 0.556, and the Market Value to Realized Value (MVRV) declining to 2.15 from 2.45. These profit-taking actions may be creating the necessary space for a final euphoric push.
When examining October’s performance, Bitcoin is down 2.09% month-to-date, contrasting sharply with its historical average of a 19.78% increase. This underperformance could actually be a bullish sign, suggesting that a significant move may still be on the horizon in the final weeks of the month.
In summary, the current cycle appears to be 99.3% complete. It has already spent 25 days in the peak zone and experienced a reset in sentiment and institutional distribution, as well as weak performance in October. However, if the analyst’s thesis proves right, this blending could turn into a perfect storm for a final surge before entering a new crypto winter.
The daily chart shows BTC’s increased volatility met with major price swings. Source: BTCUSDT on TradingView.com
Featured image from DALL-E, chart from TradingView.com
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Riding on the winds of a booming stock market and the prevailing sense that more rate cuts will fuel an extended rally, bitcoin recently topped the charts and set itself up for a historically strong October. Even accounting for the sharp losses in recent days, the digital currency is up more than 20% for the year, outpacing the gains of the benchmark S&P 500. But geopolitical tensions highlighted how fragile such asset climbs can be.
After months of an upward spiral with higher peaks, investors now confront a reset of speculative bets.
The back-and-forth between Washington and Beijing forced a pause across an array of bullish markets, rattled investors, and reminded Wall Street that, far from being a settled matter, tariffs are still in play as a political weapon and a powerful destabilizer. But bitcoin and other cryptocurrencies were hit especially hard.
Part of the plunge in prices has to do with the excitement surrounding crypto investing, which translates to more aggressive wagers using borrowed money. Some investors who wielded leverage on the chance of winning outsized gains were left dangerously exposed when panic selling took hold. A wave of forced liquidations exacerbated the fall.
Bitcoin shed as much as 5% Tuesday, but pared back the losses as investors reacted to Powell implying that another rate cut is possible at the Fed’s next meeting in two weeks. Still, the weight of unresolved disputes with China, which worsened just before the closing bell, kept investors from doing much even with a bullish catalyst.
The market-moving influence of a worsening trade conflict makes it harder to declare the sell-off a turning point for crypto or a peak bitcoin moment. If the dispute over critical minerals restrictions leads to a massive escalation in tariffs come Nov. 1, investors — crypto and otherwise — are in for more pain. And bitcoin and its lesser altcoin peers don’t have the corporate earnings to cushion a deteriorating macroeconomic picture.
But if trade diplomacy succeeds, then stability could be just around the corner. And the next peak ahead of us.
As Bitcoin (BTC) tries to recover from its weekend sell-off that saw it almost crash to $100,000, some crypto analysts think that the BTC market likely “lost its pulse.” As a result, the leading cryptocurrency may be on the cusp of losing its bullish momentum.
Bitcoin At The Risk Of Losing Momentum?
According to a CryptoQuant Quicktake post by contributor TeddyVision, Bitcoin’s Inter-Exchange Flow Pulse (IFP) has been trending lower, confirming that inter-exchange activity is slowly fading.
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For the uninitiated, the IFP measures liquidity as it moves between crypto exchanges. In essence, it can be considered a proxy to determine how active arbitrage and market-making really are.
To explain, arbitrage refers to the practice of buying an asset for a lower price on one platform and selling it at a higher price on another, thus benefiting from the price differential. In simple terms, arbitrage refers to profiting from inefficiencies.
When such inefficiencies exist in the market and are actually executable, liquidity tends to start moving fast. At the same time, trading bots begin shuttling funds across platforms, market spreads begin to realign again, and the market starts to feel “alive.”
This is when the IFP rises. Although there is greater market volatility due to a rising IFP, it is generally considered healthy for the market as it confirms that BTC is likely experiencing a bullish momentum.
However, since the IFP reading has turned lower in recent weeks, traders are finding it harder to arbitrage price discrepancies even though they might still be appearing. TeddyVision noted:
Price discrepancies still appear, but they’re harder to arbitrage – liquidity is thinner, latency is higher, and risk-adjusted opportunities are drying up. Traders find fewer setups worth taking, and less capital circulates between venues.
The analyst emphasized that liquidity is not leaving the market, it is just not circulating like earlier. While such a slowdown in liquidity does not crash the market, it does drain the energy out of it.
To conclude, the market is not collapsing, it is just “too efficient” at the moment for traders to find any meaningful arbitrage opportunities that they can benefit from. When inefficiencies leave the market, the underlying asset is likely at risk of losing its momentum.
A Healthy Correction For BTC?
The market crash on October 9 led to the largest single-day liquidation ever in the history of the crypto industry, totalling a mammoth $19 billion. While the overall optimism has receded, some analysts are still hopeful of a quick sentiment turnaround.
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Fellow crypto analyst EtherNasyonaL stated that BTC has maintained its upward trajectory despite the recent market crash, and that a move to a new all-time high (ATH) may be on the horizon. At press time, BTC trades at $111,731, down 2.3% in the past 24 hours.
Bitcoin price corrected losses and traded above the $115,000 level. BTC is now struggling and might start another decline below $110,000.
Bitcoin started a fresh decline after it failed to clear the $116,000 resistance level.
The price is trading below $115,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it trades below the $110,500 zone.
Bitcoin Price Faces Resistance
Bitcoin price started a recovery wave above the $112,000 resistance level. BTC recovered above the $112,500 and $113,200 resistance levels.
The price climbed above the 61.8% Fib retracement level of the downward move from the $122,498 swing high to the $100,000 low. The bulls even pushed the price above the $115,000 resistance level. However, there are many hurdles on the upside.
Bitcoin is now trading below $115,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $118,250 on the hourly chart of the BTC/USD pair.
Immediate resistance on the upside is near the $114,000 level. The first key resistance is near the $115,000 level. The next resistance could be $116,000. A close above the $116,000 resistance might send the price further higher. In the stated case, the price could rise and test the $117,200 resistance and the 76.4% Fib retracement level of the downward move from the $122,498 swing high to the $100,000 low. Any more gains might send the price toward the $117,250 level. The next barrier for the bulls could be $118,500.
Another Drop In BTC?
If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $111,800 level. The first major support is near the $110,500 level.
The next support is now near the $110,200 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,000, below which BTC might struggle to recover in the short term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $111,800, followed by $110,500.
“Chen Zhi was directly involved in managing the scam compounds and maintained records associated with each one, including records tracking profits from the scams that explicitly referenced ‘sha zhu,’ or pig-butchering,” the indictment claims, alleging there were also “ledgers of bribes to public officials.” One document allegedly held by Chen listed that two scam centers were equipped with 1,250 mobile phones that “controlled” 76,000 social media accounts. The indictment also claims that Chen held images demonstrating “Prince Group’s violent methods” against people who had been trafficked to the scam centers. The document includes images showing people bloodied and beaten.
The seizure of 127,271 bitcoins worth more than $15 billion at the time they were confiscated represents by far the biggest monetary seizure in the US Justice Department’s history—not just of cryptocurrency, but of money of any kind. That US law enforcement record was previously set in 2022 with the seizure of 95,000 bitcoins worth $3.6 billion from a Manhattan couple who later pleaded guilty to stealing them from the Bitfinex exchange, and prior to that with a billion-dollar seizure in 2020 of bitcoins allegedly stolen from the Silk Road dark web drug market by an unnamed hacker. Meanwhile, police in the UK seized 61,000 bitcoins worth $6.7 billion in June from a Chinese woman accused of an investment scam, an even bigger sum than those US records but less than half the sum taken from the Prince Group operation.
“It’s important to note that this seizure is extraordinary not only for its scale but for what it represents,” Ari Redbord, global head of policy at crypto-tracing firm TRM Labs, adding that the seizure is still a “small fraction” of the money generated by scam centers. “These are not isolated scams; they are factory-scale operations powered by forced labor, supercharged by the speed and scale of crypto, and connected through sophisticated money-laundering infrastructure that spans Cambodia, Myanmar, Laos, China, and beyond,” Redbord says.
Redbord says the widespread action “strikes at the operational and financial core” of the widespread scam center ecosystem. In recent years, researchers tracking the scam compounds in Southeast Asia have seen them rapidly grow and use their illicitly gained money to invest in increasingly high-tech scam operations. Over the last two years, scam compounds have also been spotted emerging outside of Southeast Asia, with sites emerging in the Middle East, Eastern Europe, Latin America, and West Africa.
“By targeting the financial architecture—the shell companies, banks, exchanges, and real estate that move and hide these proceeds—the US and UK are dismantling the economic engine that sustains these crimes,” Redbord says. “This is what a 21st-century counter-threat finance campaign looks like—coordinated, data-driven, and global.”
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Ostium Labs’ Market Outlook #55 argues that Bitcoin’s higher-timeframe bull structure survived last week’s volatility and now points “back to the highs,” provided spot holds above $107,000. “Whilst we trade above $107k, I think the next move is back to the highs, with $112k likely to act as local support,” the note states, adding that the firm still expects price to trade into “that confluence of overhead resistance at $133k by month-end.”
The team frames last week’s deleveraging as the “great reset,” contending that the largest liquidation event in crypto history removed excess leverage without breaking weekly structure. On the weekly chart, no major support was lost and the wick down to roughly $107,000 was reclaimed into a $115,000 close, which Ostium reads as confirmation that momentum remains bullish on higher timeframes. Invalidation is precise: “A weekly close below last week’s low is now the obvious invalidation… close through $107k… and we have a more pressing concern, where we undoubtedly then trade into $99k.”
Bitcoin weekly chart | Source: X @OstiumLabs
On the daily, Ostium notes a classic sweep-and-reversal sequence. Price twice tagged the prior range high near $126.3k, failed to hold above $123.8k, and then “collapsed,” ultimately wicking into the 200-day moving average—an area the desk had flagged as a likely terminal level for any early-October capitulation.
Bitcoin daily chart | Source: X @OstiumLabs
The view from here is unambiguous: “Anyone expecting sub-$100k will remain sidelined for a long time—if you didn’t get it on the largest liquidation event in crypto history, I don’t think you’re getting it until we enter a bear market.” Tactical invalidation on this timeframe is a daily close below the 200-DMA, which would put the 360-DMA near $100,000 in play and constitute Ostium’s “line in the sand for a full-blown flip into bear market territory.”
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Path dependency matters for the upside call. Ostium expects prior highs around $112,000 to act as support and form a higher low, with “acceptance back above ~$116k” setting a rotation to the top of the range at $123.8k and then “price discovery beyond that.” The desk’s near-term timing is surprisingly punchy: “Gun to my head I think we trade $125k by early next week and $133k by month-end.”
For traders, the preferred long setup is early-week weakness into $110k–$112k to establish a higher low, using a daily close below $107k (hard stop $105k) as risk, and targeting at least $121k with scope for much higher. A counter-trend short, by contrast, would require a grind up into the $121k confluence, a rejection and daily close back below $118k, and then a fade into the $110k–$112k zone—only if the higher-low hasn’t already formed.
Positioning evidence, in Ostium’s view, buttresses the reset-then-extend thesis. The firm highlights obliterated open interest, Binance Net Longs back to “Liberation Day” lows, compressed three-month annualized basis, and fresh liquidation maps for one-week and one-month horizons—all consistent with a cleaner tape for trend continuation.
The calendar this week is dense but navigable: a speech-heavy week (Powell, Bailey, Lagarde), the NY Empire State Manufacturing print, the Philadelphia Fed survey, and US Industrial Production. Ostium’s framework treats these events as potential catalysts rather than trend definers; so long as $107,000 holds and $112,000 functions as a springboard, the structural bias remains higher toward $133,000.
At the core of the thesis is a binary investor psychology after the purge. “These sorts of events mark turning points: either you are now cemented in your belief that… the bear market has begun… or you are cemented in your belief that the leverage washout gives us the runway for higher for longer prices into Q1 next year,” Ostium writes. The desk is firmly in the latter camp, reiterating that Bitcoin “looks more bullish today than it did at the beginning of last week.”
Briefly beyond Bitcoin, Ostium’s cross-asset read tilts supportive for the crypto beta complex if near-term conditions align. For Ethereum, weekly structure “looks nothing like a top,” with a decisive close above trendline resistance and $4,400 expected to trigger an all-time-high breakout; the team believes “ETH trades through $4,950 within 10 days… toward $5,750 in November,” and sees the Q4 low as likely in.
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On ETH/BTC, the desk calls last week’s flush into 0.0319 a higher-low and anticipates ETH outperformance into year-end, contingent on reclaiming 0.0375 and eventually breaking the trendline—a dynamic that, if realized, could cap BTC dominance without undermining Bitcoin’s own trend. The DXY rally is viewed as late-stage: resistance near 100 and a looming rollover would reduce macro headwinds for risk assets.
For US equities, Ostium still expects “higher for longer,” eyeing fresh SPX highs by month-end and a strong November as buyback blackouts end and earnings season progresses; improving equity breadth tends to coincide with constructive crypto flows.
Finally, in “OTHERS,” the altcoin index printed a historic wick to the 360-week MA before reclaiming support; with derivatives positioning “utterly decimated,” Ostium now expects a higher local low, a November reclaim of the yearly open near $335bn, and, if confirmed, a push toward cycle and ATH resistance—conditions that usually track with a healthier, less fragile Bitcoin uptrend.
Taken together, the desk’s message is consistent across timeframes and assets: the reset did its job, the invalidation is clear at $107,000, $112,000 should be the pivot, and the upside waypoint is $133,000, with the macro calendar more likely to modulate the path than to derail the destination. As Ostium summarizes, “Whilst we trade above $107k… the next move is back to the highs.”
Economist Peter Schiff renews attacks on Bitcoin, claiming its latest crash exposes the myth of “digital gold” amid rising gold prices.
Long-term Bitcoin critic Peter Schiff is at it again, this time challenging the cryptocurrency’s narrative as ‘digital gold.’
This follows the asset’s recent dip that was triggered by increased geopolitical tensions and aggressive tariff announcements from the U.S. administration.
Schiff Says Bitcoin Crash Is a “Warning”
In an October 14 X post, the economist dismissed the belief that Bitcoin’s recent flash crash was a buying opportunity, framing it instead as a sign of deeper instability.
“The Friday Bitcoin flash crash wasn’t a buying opportunity but a warning,” Schiff wrote, adding that the next time its price falls, even a post from President Trump might not be enough to help it recover.
Schiff believes that its metal counterpart’s surge exposes the “fiction” of Bitcoin as digital gold, suggesting that the cryptocurrency’s perceived role as a safe-haven asset is unraveling. “The bottom can drop out of Bitcoin at any time,” he added.
Bitcoin recently experienced a sharp correction that dragged it to a low of $110,201 on October 10. On the other hand, gold has continued setting fresh highs this year, crossing the $4100 mark.
In a separate post, the financial commentator doubled down on his position, stating that gold and silver continue to surge while Bitcoin and Ethereum keep declining. He warned that crypto investors are in for a rude awakening and will soon learn a valuable but costly lesson.
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His latest remarks follow weeks of commentary claiming that Bitcoin’s underperformance against the precious metal is a warning that the cryptocurrency is in a deeper bear market. The gold advocate went as far as predicting that the leading digital currency will soon crash.
BTC Price Outlook
Bitcoin’s brief rebound on Monday has since faded, with the cryptocurrency now trading around $111,800. This marks a nearly 10% drop in the past week and over 11% below its record high above $126,000 that it hit in August.
The decline follows last week’s market crash, which led to a rise in bearish trading and an increase in put options expiring at the end of October, according to Hendrik Ghys, founder of Thalex Global.
Ghys said that market volatility has eased to around 40 percent in the short term, showing that the panic has cooled as traders adjust their risk. Market makers who buy during dips and sell during rallies remain cautiously hopeful, expecting to manage their positions more effectively if volatility continues to fall.
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Hype around Solana and XRP ETFs appears to have cooled, with inflows tapering to $93.3 million and $61.6 million as traders reassess the market.
Even as crypto prices dipped following renewed US-China tariff tensions, investors poured $3.17 billion into digital asset funds last week. The week closed quietly with just $159 million in outflows on Friday. With this, 2025’s year-to-date inflows have climbed to $48.7 billion, already exceeding last year’s record total.
Digital asset exchange-traded products (ETPs) saw explosive trading last week, as they registered a record $53 billion in weekly volume. This figure is nearly double 2025’s average pace. Friday’s $15.3 billion turnover marked the highest single-day figure ever recorded. Following the tariff-driven market drop, total assets under management declined 7% from the previous week’s peak to $242 billion.
Altcoin Flows Stay Resilient
Investors poured $2.67 billion into Bitcoin over the past week, which pushed cumulative 2025 inflows to $30.2 billion. Though strong, that figure remains short of 2024’s $41.7 billion benchmark, according to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report. Friday’s market sell-off generated record trading volumes of $10.4 billion; however, the actual daily net flow was modest, standing at just $0.39 million.
Meanwhile, Ethereum attracted $338 million in inflows last week but faced significant $172 million outflows on Friday, which was the largest among all digital assets. This indicates that investors viewed it as particularly exposed during the correction. Meanwhile, enthusiasm around the upcoming US ETFs for Solana and XRP appears to be waning, as inflows eased to $93.3 million and $61.6 million, respectively.
Investment flows into altcoin-based products were modest but steady. For instance, Chainlink pulled in $3.2 million while Sui recorded $2.3 million in inflows. Cardano and Litecoin added smaller amounts, receiving $0.8 million and $0.2 million. Multi-asset products, on the other hand, deviated from the broader positive sentiment, registering significant outflows of more than $35 million for the period.
In regional terms, the United States overwhelmingly dominated inflows, drawing more than $3 billion in fresh investments. Switzerland came next with $132 million, followed by Germany at $53.5 million and Australia at $9.9 million. Canada posted smaller inflows of $3.8 million. Meanwhile, Sweden led outflows with $22 million, while Brazil and Hong Kong reported declines of $10.1 million and $9.3 million each.
Market Still on Shaky Ground
Financial markets were rattled overnight after tensions between the US and China escalated unexpectedly. The sell-off began when President Trump accused China of “holding the world captive” through sweeping export restrictions on rare earth elements. Investors quickly fled risk assets, which pushed the Nasdaq down 3.5% and the S&P 500 down 2.7%.
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Bitcoin wasn’t spared either, as it briefly collapsed to $102K before recovering to $115K amid a record $19 billion in liquidations. According to QCP Capital, with global liquidity tightening and policy risks soaring, “market positioning remains defensive across risk assets heading into the new week.”
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A long-dormant Bitcoin stash moved into an exchange this week, renewing worries about old coins re-entering the market and the effect that could have on prices.
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Mt. Gox Origins And Staggering Returns
According to blockchain tracker Lookonchain, a cluster of addresses tied to coins pulled from Mt. Gox more than 13 years ago sent 300 BTC to Binance in a single transaction.
Those coins were reportedly bought at about $11 each, meaning the original outlay was roughly $8,151. The transfer is now worth about $33.47 million, a mark-up of roughly 410,624%. Reports have disclosed that about 590 BTC still remain in the same group of addresses.
The market crash just woke up a sleeping Bitcoin OG, who deposited 300 #BTC($33.47M) to #Binance 2 hours ago.
He originally withdrew 749 $BTC($8,151 at the time) from #MtGox 13 years ago, when $BTC was just $11.
Last year, the same owner moved 159 BTC into a new wallet and then left it untouched. This recent move is different because the coins arrived in an exchange hot wallet, where they can be sold quickly.
Traders and market watchers noted the difference: one action kept coins on the chain, the other put them within reach of an order book. Whether the owner chooses to sell some or all of the 300 BTC is not known, but the presence of those funds on Binance makes rapid selling possible.
Market Moves And Flows
Bitcoin’s price recovered to about $115,000 on Monday, after dipping to $102,000 on Friday. That drop triggered billions in liquidations and left traders on edge.
Based on figures, ETFs recorded $2.7 billion in inflows over the last week, and institutional demand showed resilience despite the volatility. Still, the market’s calm is fragile; a large sell order from an old holder could change short-term supply dynamics quickly.
BTCUSD now trading at $114,199. Chart: TradingView
The move was flagged by on-chain analysts and then amplified across social platforms. Exchange inflows from wallets tied to early-era miners or Mt. Gox addresses tend to draw attention because they signal supply that was previously dormant coming back into circulation. In this case, the numbers are large enough to get traders’ attention.
Possible Scenarios And Risks
If some of the 300 BTC is sold, price pressure may increase, particularly during thin trading windows. Alternatively, the transfer could be part of estate consolidation or a decision to move funds to cold storage, in which case selling may not follow.
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Market participants will watch wallet behavior closely: rapid withdrawals to multiple exchange addresses, for example, would likely be interpreted as a selling sign.
Featured image from Gemini, chart from TradingView
Did you find this article by typing in the name of a website associated with Elon Musk? Did it sound like you could invest in SpaceX, Neuralink, or one of Musk’s AI ventures like Grok and xAI? It’s fake. It’s 100%, without a doubt, completely fake.
I know you may not believe it, but please read on. Because this article could save you from losing a lot of money. Elon Musk is a very wealthy man. He’s worth $500 billion, according to Forbes, making him the wealthiest person on the planet. But Musk does not have a website dedicated to making other people rich.
You may have seen an ad on Facebook or maybe a video on Instagram, TikTok, or YouTube. It may have even looked like Elon Musk was talking about some amazing investment opportunity. Maybe it looked like Elon was raising money for a sick child. You may have even been asked to send money through gift cards or a bitcoin ATM. But it was fake. You need to believe us. Because it’s true.
Musk does not have a website selling cryptocurrencies. He doesn’t have a website for trading stocks. He doesn’t have a public website selling shares of his private companies like SpaceX, Neuralink, xAI, and X. The promotional video you saw is fake and probably used artificial intelligence tools to make it look like Elon Musk was saying something he never said.
People are losing millions
Did someone reach out to you on a social media site like Facebook or Instagram claiming to be Elon? Did they tell you to talk with them over Signal or Telegram or WhatsApp? That person is a scammer. Elon Musk does not reach out to people on websites and ask them for money. And if they haven’t already asked you to send money, that part is coming.
Again, you might be skeptical. A lot of people want to believe that Elon Musk is offering ways for the average person to become rich. But he’s not. Among other reasons, he doesn’t have time.
Here at Gizmodo, we’ve written about scammers impersonating Elon Musk for years.
There was the woman in Washington who lost $63,000 because she thought she was talking to Elon.
There was the person who lost over $18,000 watching a video livestream they thought was for Tesla.
There was also the Florida principal who sent an Elon Musk scammer a check for $100,000.
People have literally been losing millions of dollars to scammers over the years because they thought they were investing in something approved by Elon Musk. But it was all fake.
Scam AI Videos
It’s incredible what can be accomplished with AI these days. You can make people appear to say things they never said. For example, here’s an ad we spotted below. Elon never said any of that.
Fake Elon Websites
All of the websites below are scams. And while Gizmodo is often reluctant to advertise the web domains of scammers, because it risks inadvertently driving more people to scammy websites, using the names of the scams is the only way to help get the word out that these specific websites will steal your money.
And this list only scratches the surface. These are some of the domains that have been reported to the FTC, but there are so many more out there.
ceomusk.org [SCAM]
elonbitcoin.fun [SCAM]
elonchristmas.com [SCAM]
fastmars.net [SCAM]
investmuskspace.icu [SCAM]
marshome.us [SCAM]
marsway.net [SCAM]
marsyox.com [SCAM]
marsvalue.net [SCAM]
myteslatoken.com [SCAM]
official2xMusk.com [SCAM]
shippingteslamail.com [SCAM]
tesla-clubs.com [SCAM]
tesla-prize-x.com [SCAM]
teslaminingprogram.com [SCAM]
teslaminingplatform.aphatrad.com [SCAM]
teslaoption.com [SCAM]
teslapresale.net [SCAM]
tesla.token-presale.org [SCAM]
teslatoken-presale.online [SCAM]
telsaxmarketing.com [SCAM]
tsla-marketspro.com [SCAM]
teslgets.com [SCAM]
tsl-xspace.pw [SCAM]
x-coin-platform.io [SCAM]
Scam Names
There are also scams that you may know by various names that aren’t dedicated websites, but are being spread through social media platforms. Some of the common ones we’ve seen are below.
Elon Musk Fan Page Membership Card
Elon Musk x Donald Trump Crypto Giveaway
Space Stock Mining
Tesla Bitcoin
Tesla Token
Tesla Mining
Neuralink Crypto Token
SpaceX Token
Please believe us. It’s not real.
Maybe someone sent you this article. Maybe you found it through Google. Please know that visiting these websites and “investing” in them will only lead you to heartache and pain.
The people who’ve been scammed at these sites often feel foolish afterward. And we don’t want you to feel foolish. We want you to avoid just handing your money away for nothing.
If you’re interested in investing, there are plenty of reputable places to do that. You can even invest in Musk’s company, Tesla, if you want to buy stock in that company through a reputable stockbroker. All investing involves risks, but the websites we’ve featured here aren’t just risks where you might make some money or you might lose some money.
If you give any of these websites your money, you will only lose. We promise you.
Have you been scammed and want to tell your story? You can email the author of this article at [email protected].
Following the massive crash that Bitcoin and the entire crypto market suffered over the weekend, the Fear & Greed Index has been pushed down to its lowest level in the last six months. This index, which measures the market sentiment and shows on a scale how investors are feeling about the crypto market, has now fallen back into the Extreme Fear territory. The number on the scale now shows the lowest level it has been since the market crash back in April 2025.
Bitcoin Fear & Greed Index Sees Major Crash
The Bitcoin Fear & Greed Index uses a number of factors to determine how investors are feeling about the market. It takes into account things like volatility, social sentiment aggregated across different social media platforms, market volume and momentum, and market dominance to come to a figure.
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The data is aggregated, which puts it on a scale of 1-100, with 1-25 being Extreme Fear, 26-46 being Fear, 47-54 being Neutral, 55-75 representing Greed, and 76-100 representing Extreme Greed. Each of these shows either bullishness, bearishness, or nonchalance in the market.
The most recent data shows that the Bitcoin Fear & Greed Index crashed to 24 on Sunday. This puts the index firmly in Extreme Fear territory, suggesting that investors are extremely cautious at this point. It also shows a reluctance to enter into any positions at this time.
Source: alternative.me
This is the result of the massive liquidation event that happened last Friday, with crypto traders losing over $19 billion in one day. Thus, it is no surprise that fear has gripped the market. However, this would also present a unique opportunity in the market.
Buy When The Market Is Bleeding
One of the oldest sayings in the financial world is to “buy when there is blood on the streets.” This represents times of extreme losses, where most investors are scared to put their money in the market. Thus, with the market teetering on Extreme Fear, it could be the time to buy.
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The last time that the market declined into Extreme Fear this low was back in April 2025, and what followed was a rally that saw the Bitcoin price reach new all-time highs in May 2025. If this trend holds, then the market could be looking at a possible rapid increase.
By Sunday, the market was already recovering, with the Bitcoin price crossing $114,000 and Ethereum making its way back above $4,000. It is still quite early to tell if the market is in a full recovery trend, but with prices already bouncing, it could signal the next wave of gains.
The recent crypto market crash stunned investors across the globe, but one analyst saw it coming long before it happened. Bitcoin plunged from above $125,000 to briefly below $102,000, and Ethereum dropped to below $3,800, exactly as predicted by popular market commentator Ash Crypto earlier this month.
His October 1 post on X warned of a sharp correction meant to liquidate all the bulls before a major rebound in Q4. Now that the dip has played out exactly as he forecasted, Ash Crypto’s outlook for the coming weeks is a powerful rebound phase.
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The Crash Prediction That Shook ‘Uptober’
The sell-off that sent shockwaves through the industry is a quick change in sentiment after Bitcoin’s recent all-time high on October 6. Bitcoin’s decline from above $125,000 to below $110,000 caused widespread panic that flowed into other cryptocurrencies, while Ethereum followed with a sharp drop below $3,800. More than $19 billion in leveraged trades were liquidated across different exchanges in under a day, making it one of the largest wipeouts in crypto history.
However, the timing of the crash aligned almost perfectly with a projection on the social media platform X by Ash Crypto. On October 1, Ash Crypto outlined what he called a “pump-then-dump setup” designed to trap overconfident bulls. In his post, he warned that early-month gains would bait retail traders into believing PUMPtober was real before the market reversed violently to shake them out.
Notably, the analyst predicted that Bitcoin would dip to around $106,000 and Ethereum to $3,800 or lower before rebounding later in the month. According to him, this correction phase would run until mid-October, sometime around the 15th to 20th of October, before transitioning into a powerful recovery in the last ten days of the month.
BTCUSD currently trading at $114,049. Chart: TradingView
What Comes Next After The Drop?
Ash Crypto’s call has proven accurate, especially against the backdrop of widespread ‘Uptober’ optimism that clouded judgment for many crypto traders. However, despite the predicted bearish move, the prediction post also carried a long-term sentiment that aligns with a bullish Uptober.
He explained that once market sentiment turns overwhelmingly bearish and traders begin to assume PUMPtober is canceled, short positions will pile up. It is at this point that a reversal will begin in the final ten days of October, leading to what he described as Q4 parabolic candles.
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Ash Crypto projected Bitcoin will reach between $150,000 and $180,000 by the end of the fourth quarter, while Ethereum will be trading anywhere in the $8,000 to $12,000 range. Following that move, he expects a full-fledged altcoin season that will cause the price of many altcoins to grow 10x to 50x in just a few months.
At the time of writing, Bitcoin is trading at $114,049, and Ethereum is trading at $4,087.
Featured image from Unsplash, chart from TradingView
Bitcoin prices are consolidating around $111,000 following the heavy market losses on October 10, due to a trade war between the US and China. The asset’s price is presently down by 9.45% on its weekly chart and also 12.16% away from its all-time high amidst this corrective phase.
Bitcoin Logs First Negative Apparent Demand Flip Since July
In an X post on October 11, popular market analyst Ali Martinez shares on-chain data that shows that Bitcoin’s apparent demand has recently flipped into negative territory for the first time in three months, suggesting a short-term cooling in investors’ appetite.
For context, the apparent demand measures the net amount of Bitcoin being accumulated by active holders. In simpler terms, it reflects how much of the Bitcoin supply is being reactivated or moved relative to how much is newly created. A positive reading generally indicates growing market demand and accumulation, while a negative value suggests reduced appetite or selling pressure.
Data from on-chain analytics firm CryptoQuant shows that as of October 8, Bitcoin’s 30-day apparent demand has dropped to -13,707 BTC. This development marks the first negative reading since July, when the metric last turned red before rebounding strongly alongside Bitcoin’s summer rally.
Throughout August and September, Bitcoin’s apparent demand remained firmly positive, even as prices moved between $108,000 and $122,000, suggesting steady accumulation. However, the latest data shows a sharp reversal. The drop into negative territory could mean that long-term holders have started realizing profits or that buying momentum has temporarily slowed as traders assess the macro environment.
Interestingly, the macro environment has also become a growing concern for investors, as the United States and China appear poised for a renewed tariff standoff. Notably, US President Donald Trump has announced plans to impose a 100% tariff on all Chinese imports, following China’s proposal to introduce a sweeping export tax on several key goods.
Given the historical reaction of market price to tariff news seen during the early days of Trump’s administration, investor sentiment may remain subdued if this trade showdown persists, with many likely adopting a cautious stance until a clearer policy direction emerges.
Bitcoin Price Overview
At the time of writing, Bitcoin trades at $111,800, reflecting a 0.47% decline over the past 24 hours. On a monthly basis, the asset is down 3.06%, underscoring the intensity of the current corrective phase in the market.
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I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.
When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.
Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.
My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.
Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.
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(CNN) — President Donald Trump’s threat to impose an additional 100% tariff on imports from China sparked a massive cryptocurrency sell-off late Friday that exposed risky leverage in the space.
Digital currencies bitcoin, ether and solana were among the most affected cryptocurrencies, bringing total liquidations to $18.28 billion as of 3:47 p.m. ET, according to data analysis platform CoinGlass. The losses for cryptocurrencies come amid a broad sell-off, as the Nasdaq and S&P 500 on Friday saw their steepest declines in six months.
In the past 24 hours, roughly $5 billion of bitcoin has been liquidated, along with about $4 billion of ether and about $2 billion of solana, according to CoinGlass.
It’s the “largest liquidation event in crypto history,” CoinGlass said in a post on X.
Bitcoin is down almost 10% in the last five days and was trading at $111.616.20 as of 3:45 p.m. ET, a jump from when it dropped to $103,000 at 5:15 p.m. ET on Friday.
On Friday, ether was priced at $4,365.63 and then sunk to $3,742.88 — a 14.2% decline.
Solana was priced at $223.10 on Friday and has fallen to $178.72, as of 3:45 p.m. ET — a nearly 20% plunge.
Crypto has made major gains since Trump took office this year, in large part because of the president’s turnaround from dismissing bitcoin as “based on thin air” to addressing crypto fans at conventions, launching his own meme coin and promising a strategic crypto reserve.
And Trump recently issued an executive order allowing digital assets like crypto to be included in 401(k) plans, causing bitcoin to soar to a record high of $124,000 last week.
Despite ongoing trade talks between Washington and Beijing, trade tensions re-escalated Thursday after China ramped up export restrictions on critical rare earth minerals.
Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants continue to speculate on whether the flagship crypto could fall below this psychological level if a full-blown bear market were to occur.
Bitcoin Price Has Likely Turned $100,000 Into Support
PlanB stated in an X post that he will not be surprised if the Bitcoin price does not drop below $100,000 again as the market witnesses the $100,000 resistance turn into $100,000 support. The analyst further noted that the September close was the fifth consecutive monthly close above that psychological price level.
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PlanB stated that the same thing happened when the Bitcoin price was trading at $10,000, $1,000, $100, and $10. The analyst’s remarks came as he noted that 63% of people think that Bitcoin will drop below $100,000. Notably, there were more calls for a drop below $100,000 towards the end of September when BTC dropped to as low as $108,000. Crypto influencer Ansem was among those who predicted that the flagship crypto would likely retest $90,000.
However, the Bitcoin price has since staged a remarkable comeback from the $108,000 lows, rallying to a new all-time high (ATH) above $126,000 to start the month. As a result, BTC is already up 7% to start the month, with October notably the flagship crypto’s second-best performing month after November, based on historical data.
It is worth noting that the Bitcoin price has traded above $100,000 since May 8 and has now been above this psychological level for over 150 days, its longest streak. Meanwhile, market participants are currently betting that it will likely stay this way. According to Polymarket data, there is only a 25% chance that BTC will drop below $100,000 by the end of this year.
BTC Bull Market Still On
Crypto analyst Titan of Crypto declared that the crypto market is still on and questioned why market participants were in a rush to call the top. The analyst noted that the Stoch Relative Strength Index (RSI) crossovers keep aligning with strength. He added that the chart will tell them when the bull run is over, but for now, that is not the case.
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In another analysis, Titan of Crypto revealed that the Bitcoin price continues to print higher highs and higher lows. Based on this, he raised the possibility that BTC could rally to as high as $160,000 by the end of the year. This aligns with predictions by JPMorgan and Standard Chartered, which predict that BTC can reach $165,000 and $200,000, respectively, by year-end.
At the time of writing, the Bitcoin price is trading at around $122,000, up in the last 24 hours, according to data from CoinMarketCap.
BTC trading at $121,768 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com
A Bitcoin technical indicator has squeezed to its tightest ever level as volatility diminishes and the asset remains rangebound despite recent peaks.
“Bitcoin’s weekly Bollinger Bands recently hit record tightness,” reported chartered market technician Tony Severino on Wednesday.
For now, the cryptocurrency has failed to break out above the upper band with strength, despite reaching an all-time high of $126,000 earlier this week.
According to past local consolidation ranges, “it could take as long as a hundred days to get a valid breakout (or breakdown, if BTC dumps instead),” he said.
Bollinger Bands are a technical analysis tool used to measure market volatility and identify potential overbought or oversold conditions in assets.
Potential to Go Parabolic
The analyst added that expanding from a squeeze setup like this can lead to “head fakes,” which we might have seen with the latest move.
“We also might see another head fake down from here before eventually taking off higher,” he said before adding:
“This has the potential to send Bitcoin parabolic, or put an end to the three-year mature bull rally.”
Chief strategist at Satsuma Technology, Mark Moss, said that Bitcoin breaking out to new peaks still doesn’t look anywhere near cycle peaks, “while external fundamentals are looking hot.”
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“Unlike 2021, the Fed is not tightening; they are loosening, ETFs and BTC [treasury companies] are creating the greatest demand shock, and the world has woken up to the ‘debasement trade’.”
Uptober Still On Track
Despite today’s 2.5% pullback to the $121,000 level, Bitcoin’s ‘Uptober’ is still on track with the asset up 7% so far this month. BTC has gained in 10 of the past 12 Octobers and 8 of the past 12 fourth quarters, according to Coinglass.
Meanwhile, analyst ‘Sykodelic’ is one of many who claim that the four-year cycle is no more. “The clear fact here is that Bitcoin has a fairly large area in which to expand before it would recent the end of its price cycle,” he said on Wednesday.
“I would not be surprised if Bitcoin will NOT drop below $100k again, as we see $100k resistance turn into $100k support,” said Stock-to-Flow model creator ‘Plan B’.
The September close was the fifth month in a row in six figures, and the same happened with $10, $100, $1,000, and $10,000, he added.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Gold and bitcoin have notched banner years, and this week both assets touched new all-time highs.
Gold breached $4,000 for the first time ever, while its digital counterpart moved above $126,000. They have climbed 51% and 31% in 2025, respectively.
Both are the two top-performing assets of the year, and as Charlie Bilello of Creative Planning noted, gold and bitcoin have never finished as the first- and second-best performing spots for any calendar year.
An Inc.com Featured Presentation
It’s no coincidence that just a week ago JPMorgan strategists crowned the arrival of the “debasement trade.”
Investors and institutions, they said, are increasingly seeking out hard assets that won’t depreciate in the face of rising government debt, inflation, geopolitical uncertainty, and “waning confidence in fiat currencies.”
As I’ve reported for Opening Bell Daily, investors have been seeking out ways to protect their purchasing power and outrun inflation.
Equity investors have been able to stave off inflation, but when you denominate the returns of the stock market in bitcoin or gold, rather than US dollars, the returns are not as attractive.
As the charts illustrate, gold has appreciated more than 150% since 2020, while the US dollar has lost more than 20% of its purchasing power.
Bitcoin, meanwhile, has gained roughly 1,000% in the same period.
Buying into gold and bitcoin are as much a bet on those assets maintaining their value as it is an expectation for the US dollar to depreciate over time.
Indeed, structural forces around the world look poised to push more capital into hard assets and out of fiat currencies, pushing their prices in opposite directions. “Investors are scared that governments around the world have created too much debt, therefore nation states and central banks have to debase their currency in order to avoid default,” investor Anthony Pompliano wrote in a note Monday. “Holding dollars will be a losing strategy in this scenario.”
