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ScalpingX
14.5k Posts

ScalpingX

A short-term trader who embraces high-risk, high-reward strategies with an unconventional mindset.
44 Following
1.7K+ Followers
10.3K+ Liked
Posts
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Bullish
$BTC – Liquidation Map (7 Days) – Current Price 85,389 🔎 The 7-day liquidation map shows roughly 6.7–6.8 billion USD in long liquidations below the current price, nearly twice the approximately 3.4–3.5 billion USD in short liquidations above. The liquidity structure therefore clearly favors the downside. 📉 Below the market, long-liquidation liquidity is concentrated heavily across 81,200–84,300. The strongest cluster sits around 82,200–82,600 with the largest bar above 400 million USD, while 82,700–83,200 also contains several bars around 200–290 million USD. Further out, 83,500–84,300 continues to hold another significant liquidity band. 📈 Above the market, short-liquidation liquidity is concentrated nearest across 85,700–86,500. The largest bars around 85,800–86,300 reach roughly 180–230 million USD. Another cluster forms around 87,100–87,800 with bars near 100–160 million USD, while 88,000–89,000 continues to hold smaller liquidity layers. 🧭 The broader setup favors the downside because long-liquidation exposure below clearly dominates. Losing 84,300–83,700 would increase the probability of a sweep toward 83,100–82,400, followed by 81,800–81,200. Breaking above 85,700–86,500 would instead expose 87,100–87,800 and then 88,400–89,000. #LiquidationMap
$BTC – Liquidation Map (7 Days) – Current Price 85,389

🔎 The 7-day liquidation map shows roughly 6.7–6.8 billion USD in long liquidations below the current price, nearly twice the approximately 3.4–3.5 billion USD in short liquidations above. The liquidity structure therefore clearly favors the downside.

📉 Below the market, long-liquidation liquidity is concentrated heavily across 81,200–84,300. The strongest cluster sits around 82,200–82,600 with the largest bar above 400 million USD, while 82,700–83,200 also contains several bars around 200–290 million USD. Further out, 83,500–84,300 continues to hold another significant liquidity band.

📈 Above the market, short-liquidation liquidity is concentrated nearest across 85,700–86,500. The largest bars around 85,800–86,300 reach roughly 180–230 million USD. Another cluster forms around 87,100–87,800 with bars near 100–160 million USD, while 88,000–89,000 continues to hold smaller liquidity layers.

🧭 The broader setup favors the downside because long-liquidation exposure below clearly dominates. Losing 84,300–83,700 would increase the probability of a sweep toward 83,100–82,400, followed by 81,800–81,200. Breaking above 85,700–86,500 would instead expose 87,100–87,800 and then 88,400–89,000.

#LiquidationMap
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Bullish
$VVV - Mcap 1.4B$ - 24h Sentiment +2.37 Bullish SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 0.59% wide. The uptrend has lasted 3 hours 6 minutes, with a maximum recorded price increase of 4.43%. If price loses this support zone, the trend is highly likely to reverse downward.
$VVV - Mcap 1.4B$ - 24h Sentiment +2.37 Bullish

SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 0.59% wide. The uptrend has lasted 3 hours 6 minutes, with a maximum recorded price increase of 4.43%. If price loses this support zone, the trend is highly likely to reverse downward.
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Bearish
$RHEA - Mcap 30.78M$ - 24h Sentiment +4.00 Bullish SC02 M15 - pending Short order. Entry contains POC + not affected by any weak zone, the current resistance zone is approximately 5.32% wide. The downtrend has lasted 3 days 10 hours 15 minutes, with a maximum recorded price decline of 42.09%. If price breaks above this resistance zone, the trend is highly likely to reverse upward.
$RHEA - Mcap 30.78M$ - 24h Sentiment +4.00 Bullish

SC02 M15 - pending Short order. Entry contains POC + not affected by any weak zone, the current resistance zone is approximately 5.32% wide. The downtrend has lasted 3 days 10 hours 15 minutes, with a maximum recorded price decline of 42.09%. If price breaks above this resistance zone, the trend is highly likely to reverse upward.
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Bullish
$TST - Mcap 17.86M$ - 24h Sentiment +6.00 Bullish SC02 M1 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 1.78% wide. The uptrend has lasted 2 hours 13 minutes, with a maximum recorded price increase of 10.99%. If price loses this support zone, the trend is highly likely to reverse downward.
$TST - Mcap 17.86M$ - 24h Sentiment +6.00 Bullish

SC02 M1 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 1.78% wide. The uptrend has lasted 2 hours 13 minutes, with a maximum recorded price increase of 10.99%. If price loses this support zone, the trend is highly likely to reverse downward.
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Bullish
$ADA - Mcap 9.03B$ - 24h Sentiment +2.04 Bullish SC02 H4 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 4.84% wide. The uptrend has lasted 16 days 12 hours, with a maximum recorded price increase of 30.84%. If price loses this support zone, the trend is highly likely to reverse downward.
$ADA - Mcap 9.03B$ - 24h Sentiment +2.04 Bullish

SC02 H4 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 4.84% wide. The uptrend has lasted 16 days 12 hours, with a maximum recorded price increase of 30.84%. If price loses this support zone, the trend is highly likely to reverse downward.
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Bullish
$UNI – Liquidation Map (7 Days) – Current Price 9.02 🔎 The 7-day liquidation map is relatively balanced, with both long liquidations below and short liquidations above totaling roughly 42–44 million USD. The overall imbalance is limited, although the upside contains several larger individual liquidation clusters. 📉 Below the market, long-liquidation liquidity is concentrated heavily across 8.68–8.89. The strongest cluster sits around 8.83–8.88 with several bars near 1.2–1.8 million USD, while 8.68–8.78 also contains multiple pockets around 1.0–1.6 million USD. Losing 8.93–8.88 would shift attention toward 8.83–8.78 and then 8.73–8.68. 📈 Above the market, short-liquidation liquidity is concentrated most heavily across 9.33–9.58. The strongest cluster sits around 9.37–9.43 with several bars near 2.0–2.7 million USD, while 9.45–9.58 continues to hold multiple pockets around 0.8–1.2 million USD. 🧭 The broader setup is close to balanced. Breaking above 9.23–9.33 would expose the major 9.37–9.43 cluster, followed by 9.48–9.58. Losing 8.93–8.88 would instead increase the probability of a sweep toward 8.83–8.78 and then 8.73–8.68. #LiquidationMap
$UNI – Liquidation Map (7 Days) – Current Price 9.02

🔎 The 7-day liquidation map is relatively balanced, with both long liquidations below and short liquidations above totaling roughly 42–44 million USD. The overall imbalance is limited, although the upside contains several larger individual liquidation clusters.

📉 Below the market, long-liquidation liquidity is concentrated heavily across 8.68–8.89. The strongest cluster sits around 8.83–8.88 with several bars near 1.2–1.8 million USD, while 8.68–8.78 also contains multiple pockets around 1.0–1.6 million USD. Losing 8.93–8.88 would shift attention toward 8.83–8.78 and then 8.73–8.68.

📈 Above the market, short-liquidation liquidity is concentrated most heavily across 9.33–9.58. The strongest cluster sits around 9.37–9.43 with several bars near 2.0–2.7 million USD, while 9.45–9.58 continues to hold multiple pockets around 0.8–1.2 million USD.

🧭 The broader setup is close to balanced. Breaking above 9.23–9.33 would expose the major 9.37–9.43 cluster, followed by 9.48–9.58. Losing 8.93–8.88 would instead increase the probability of a sweep toward 8.83–8.78 and then 8.73–8.68.

#LiquidationMap
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Bullish
$AVAX - Mcap 4.87B$ - 24h Sentiment +3.78 Bullish SC02 H4 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 8.19% wide. The uptrend has lasted 17 days 16 hours, with a maximum recorded price increase of 63.93%. If price loses this support zone, the trend is highly likely to reverse downward.
$AVAX - Mcap 4.87B$ - 24h Sentiment +3.78 Bullish

SC02 H4 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 8.19% wide. The uptrend has lasted 17 days 16 hours, with a maximum recorded price increase of 63.93%. If price loses this support zone, the trend is highly likely to reverse downward.
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Bullish
$LTC - Mcap 5.52B$ - 24h Sentiment +3.18 Bullish SC02 M5 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 0.41% wide. The uptrend has lasted 14 hours 5 minutes, with a maximum recorded price increase of 2.84%. If price loses this support zone, the trend is highly likely to reverse downward.
$LTC - Mcap 5.52B$ - 24h Sentiment +3.18 Bullish

SC02 M5 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 0.41% wide. The uptrend has lasted 14 hours 5 minutes, with a maximum recorded price increase of 2.84%. If price loses this support zone, the trend is highly likely to reverse downward.
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Bearish
$ONDO - Mcap 2.38B$ - 24h Sentiment +3.63 Bullish SC02 M1 - pending Short order. Entry lies within LVN + meets positive simplification with a previously profitable Short order, the current resistance zone is approximately 0.17% wide. The downtrend has lasted 1 hour 41 minutes, with a maximum recorded price decline of 0.92%. If price breaks above this resistance zone, the trend is highly likely to reverse upward.
$ONDO - Mcap 2.38B$ - 24h Sentiment +3.63 Bullish

SC02 M1 - pending Short order. Entry lies within LVN + meets positive simplification with a previously profitable Short order, the current resistance zone is approximately 0.17% wide. The downtrend has lasted 1 hour 41 minutes, with a maximum recorded price decline of 0.92%. If price breaks above this resistance zone, the trend is highly likely to reverse upward.
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Bullish
📊 TRADING PERFORMANCE & MARKET SENTIMENT (FGI) REPORT – UPDATED 03/10/2026 The latest data shows that the correlation between the Fear & Greed Index (FGI) and Win Rate remains low and continues to lean negative, at r ≈ -0.305. This suggests that FGI is not suitable as a standalone tool for determining trade entries, but it still has value for risk assessment. Trading performance generally tends to weaken as market sentiment moves into extreme euphoria, making FGI more useful as an early risk-warning signal than as a signal for expanding profit targets. Below is a summary of Win Rate (WR), minimum breakeven R:R, and the number of recorded days (n) across each sentiment zone: 🤑 Extreme Greed (≥80): WR 40.5% • R:R=1:1.47 • n=25 😌 Greed (60–80): WR 44.4% • R:R=1:1.25 • n=255 😐 Neutral (40–60): WR 45.2% • R:R=1:1.21 • n=157 😰 Fear (20–40): WR 47.1% • R:R=1:1.12 • n=271 😱 Extreme Fear (<20): WR 52.4% • R:R=1:0.91 • n=115 The share of days with performance above the overall average of 46.44% by sentiment zone: 🤑 Extreme Greed: 8.0% 😌 Greed: 34.1% 😐 Neutral: 38.2% 😰 Fear: 55.7% 😱 Extreme Fear: 67.8% ➤ Short-term traders can use FGI as a reference for adjusting expected profit targets when entering trades: 📈 When FGI is high, a higher expected profit target may be needed to maintain a sufficiently favorable R:R ratio and compensate for the lower win rate. 📉 When FGI is low, expected profit targets can be reduced to support faster capital turnover and make profit realization easier. #TradingInsights $BTC $ETH $SOL
📊 TRADING PERFORMANCE & MARKET SENTIMENT (FGI) REPORT – UPDATED 03/10/2026

The latest data shows that the correlation between the Fear & Greed Index (FGI) and Win Rate remains low and continues to lean negative, at r ≈ -0.305. This suggests that FGI is not suitable as a standalone tool for determining trade entries, but it still has value for risk assessment. Trading performance generally tends to weaken as market sentiment moves into extreme euphoria, making FGI more useful as an early risk-warning signal than as a signal for expanding profit targets.

Below is a summary of Win Rate (WR), minimum breakeven R:R, and the number of recorded days (n) across each sentiment zone:

🤑 Extreme Greed (≥80): WR 40.5% • R:R=1:1.47 • n=25
😌 Greed (60–80): WR 44.4% • R:R=1:1.25 • n=255
😐 Neutral (40–60): WR 45.2% • R:R=1:1.21 • n=157
😰 Fear (20–40): WR 47.1% • R:R=1:1.12 • n=271
😱 Extreme Fear (<20): WR 52.4% • R:R=1:0.91 • n=115

The share of days with performance above the overall average of 46.44% by sentiment zone:

🤑 Extreme Greed: 8.0%
😌 Greed: 34.1%
😐 Neutral: 38.2%
😰 Fear: 55.7%
😱 Extreme Fear: 67.8%

➤ Short-term traders can use FGI as a reference for adjusting expected profit targets when entering trades:

📈 When FGI is high, a higher expected profit target may be needed to maintain a sufficiently favorable R:R ratio and compensate for the lower win rate.

📉 When FGI is low, expected profit targets can be reduced to support faster capital turnover and make profit realization easier.

#TradingInsights $BTC $ETH $SOL
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Bullish
Update 2026-10-03, community-wide trading 📊 The average win rate is 46.44% 🏆 The highest daily win rate was recorded on 2026-04-01 at 78.08%. The lowest was recorded on 2026-01-25 at 15.69% 📅 Wednesday has the highest average win rate at 46.79%, while Thursday has the lowest at 46.20% ⏱️ The strongest 7-day period ended on 2026-04-05 with an average win rate of 63.27%. The weakest period ended on 2026-06-24 at 35.60% ⚖️ The number of days with a win rate above the overall average is 378, while 445 days were at or below the average 📈 There were 225 days with a win rate above 50%, 440 days between 40%–50%, and 158 days below 40% #TradingInsights $BTC $SOL $TRX
Update 2026-10-03, community-wide trading

📊 The average win rate is 46.44%

🏆 The highest daily win rate was recorded on 2026-04-01 at 78.08%. The lowest was recorded on 2026-01-25 at 15.69%

📅 Wednesday has the highest average win rate at 46.79%, while Thursday has the lowest at 46.20%

⏱️ The strongest 7-day period ended on 2026-04-05 with an average win rate of 63.27%. The weakest period ended on 2026-06-24 at 35.60%

⚖️ The number of days with a win rate above the overall average is 378, while 445 days were at or below the average

📈 There were 225 days with a win rate above 50%, 440 days between 40%–50%, and 158 days below 40%

#TradingInsights $BTC $SOL $TRX
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Bearish
Upcoming unlock schedule for 50 tokens. Personally, I only consider Futures trading opportunities when the event is a Cliff Unlock and the unlock volume exceeds 50% of daily trading volume. If you are focused on long-term investing, however, these events are worth monitoring to optimize your entry points after each unlock. Currently, there are 3 unlock events worth watching due to their high unlock volume relative to daily trading volume: $HYPE - 74.05% $BABY - 53.14% $PEAQ - 112.16% #TokenUnlock
Upcoming unlock schedule for 50 tokens. Personally, I only consider Futures trading opportunities when the event is a Cliff Unlock and the unlock volume exceeds 50% of daily trading volume. If you are focused on long-term investing, however, these events are worth monitoring to optimize your entry points after each unlock.

Currently, there are 3 unlock events worth watching due to their high unlock volume relative to daily trading volume:

$HYPE - 74.05%
$BABY - 53.14%
$PEAQ - 112.16%

#TokenUnlock
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Bullish
Bitcoin cools from Extreme Greed, but fresh buying remains narrow 🧭 The CMC Fear & Greed Index is currently at 67 – Greed, down from 73 last week and 78 a month ago, and well below the late-August peak of 82 – Extreme Greed. Sentiment has cooled significantly without shifting into a defensive phase. 📉 $BTC remains around 84,500–85,000 USD after being rejected from the 87,000–87,300 USD area. Funding has eased sharply, while the latest liquidation wave mainly cleared Long positions, leaving leverage conditions less stretched. 🏦 ETF flows remain positive but have narrowed considerably from the previous week and are increasingly concentrated in IBIT. Meanwhile, Bitcoin exchange reserves near 2.68 million BTC continue to suggest relatively limited readily available sell-side supply. 📊 MVRV around 1.6 indicates the market is still far from historical euphoria levels. The current structure looks healthier than in late August, but a new upside leg would still require broader demand and a clear break above 87,000–88,000 USD. #Bitcoin
Bitcoin cools from Extreme Greed, but fresh buying remains narrow

🧭 The CMC Fear & Greed Index is currently at 67 – Greed, down from 73 last week and 78 a month ago, and well below the late-August peak of 82 – Extreme Greed. Sentiment has cooled significantly without shifting into a defensive phase.

📉 $BTC remains around 84,500–85,000 USD after being rejected from the 87,000–87,300 USD area. Funding has eased sharply, while the latest liquidation wave mainly cleared Long positions, leaving leverage conditions less stretched.

🏦 ETF flows remain positive but have narrowed considerably from the previous week and are increasingly concentrated in IBIT. Meanwhile, Bitcoin exchange reserves near 2.68 million BTC continue to suggest relatively limited readily available sell-side supply.

📊 MVRV around 1.6 indicates the market is still far from historical euphoria levels. The current structure looks healthier than in late August, but a new upside leg would still require broader demand and a clear break above 87,000–88,000 USD.

#Bitcoin
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Bullish
$SUI – Liquidation Map (7 Days) – Current Price 1.176 🔎 The 7-day liquidation map shows roughly 50–52 million USD in short liquidations above the current price, clearly exceeding approximately 36–37 million USD in long liquidations below. The liquidity structure therefore favors the upside, with around 1.4 times more cumulative liquidity above the market. 📉 Below the market, long-liquidation liquidity is concentrated mainly across 1.089–1.113 and 1.133–1.153. The strongest cluster sits around 1.097–1.108 with the largest bar near 2.5 million USD, while 1.137–1.146 also contains several bars around 1.2–1.6 million USD. Losing 1.169–1.161 would shift attention toward 1.153–1.137 and then 1.113–1.097. 📈 Above the market, short-liquidation liquidity is heavily concentrated across 1.217–1.237. The strongest cluster sits around 1.223–1.230 with a bar above 3 million USD, while 1.232–1.237 contains several additional bars around 2–2.4 million USD. Further out, 1.289–1.301 forms another major cluster with a bar near 1.9 million USD. 🧭 The broader setup favors the upside because short-liquidation exposure above is clearly larger. Breaking above 1.197–1.205 would expose 1.217–1.237, followed by 1.245–1.253 and then 1.289–1.301. Losing 1.169–1.161 would instead increase the probability of a sweep toward 1.153–1.137. #LiquidationMap
$SUI – Liquidation Map (7 Days) – Current Price 1.176

🔎 The 7-day liquidation map shows roughly 50–52 million USD in short liquidations above the current price, clearly exceeding approximately 36–37 million USD in long liquidations below. The liquidity structure therefore favors the upside, with around 1.4 times more cumulative liquidity above the market.

📉 Below the market, long-liquidation liquidity is concentrated mainly across 1.089–1.113 and 1.133–1.153. The strongest cluster sits around 1.097–1.108 with the largest bar near 2.5 million USD, while 1.137–1.146 also contains several bars around 1.2–1.6 million USD. Losing 1.169–1.161 would shift attention toward 1.153–1.137 and then 1.113–1.097.

📈 Above the market, short-liquidation liquidity is heavily concentrated across 1.217–1.237. The strongest cluster sits around 1.223–1.230 with a bar above 3 million USD, while 1.232–1.237 contains several additional bars around 2–2.4 million USD. Further out, 1.289–1.301 forms another major cluster with a bar near 1.9 million USD.

🧭 The broader setup favors the upside because short-liquidation exposure above is clearly larger. Breaking above 1.197–1.205 would expose 1.217–1.237, followed by 1.245–1.253 and then 1.289–1.301. Losing 1.169–1.161 would instead increase the probability of a sweep toward 1.153–1.137.

#LiquidationMap
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Bullish
$AAVE - Mcap 2.79B$ - 24h Sentiment +3.52 Bullish SC02 M15 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 1.70% wide. The uptrend has lasted 2 days 19 hours 15 minutes, with a maximum recorded price increase of 17.12%. If price loses this support zone, the trend is highly likely to reverse downward.
$AAVE - Mcap 2.79B$ - 24h Sentiment +3.52 Bullish

SC02 M15 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 1.70% wide. The uptrend has lasted 2 days 19 hours 15 minutes, with a maximum recorded price increase of 17.12%. If price loses this support zone, the trend is highly likely to reverse downward.
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Bullish
$PUMP - Mcap 2.8B$ - 24h Sentiment Neutral SC02 M1 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 1.40% wide. The uptrend has lasted 2 hours 15 minutes, with a maximum recorded price increase of 8.40%. If price loses this support zone, the trend is highly likely to reverse downward.
$PUMP - Mcap 2.8B$ - 24h Sentiment Neutral

SC02 M1 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 1.40% wide. The uptrend has lasted 2 hours 15 minutes, with a maximum recorded price increase of 8.40%. If price loses this support zone, the trend is highly likely to reverse downward.
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Bearish
$LINK - Mcap 10.41B$ - 24h Sentiment +3.96 Bullish SC02 M15 - pending Short order. Entry lies within HVN + not affected by any weak zone, the current resistance zone is approximately 1.92% wide. The downtrend has lasted 1 day 3 hours 15 minutes, with a maximum recorded price decline of 8.35%. If price breaks above this resistance zone, the trend is highly likely to reverse upward.
$LINK - Mcap 10.41B$ - 24h Sentiment +3.96 Bullish

SC02 M15 - pending Short order. Entry lies within HVN + not affected by any weak zone, the current resistance zone is approximately 1.92% wide. The downtrend has lasted 1 day 3 hours 15 minutes, with a maximum recorded price decline of 8.35%. If price breaks above this resistance zone, the trend is highly likely to reverse upward.
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Bullish
$WLD - Mcap 2.26B$ - 24h Sentiment +5.01 Bullish SC02 M5 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 1.87% wide. The uptrend has lasted 9 hours 5 minutes, with a maximum recorded price increase of 11.35%. If price loses this support zone, the trend is highly likely to reverse downward.
$WLD - Mcap 2.26B$ - 24h Sentiment +5.01 Bullish

SC02 M5 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 1.87% wide. The uptrend has lasted 9 hours 5 minutes, with a maximum recorded price increase of 11.35%. If price loses this support zone, the trend is highly likely to reverse downward.
Bitcoin Extends Its Winning Streak but $87,000 Remains Unconfirmed 📈 Bitcoin rose from around $83,500 to nearly $87,000 during the September 28–October 2 week before being rejected and slipping back toward $84,600 over the weekend. BTC continued to outperform the broader market, while Ether was nearly flat and Bitcoin dominance moved close to 60%. 💰 ETF flows remained the main source of support. U.S. spot Bitcoin ETFs attracted roughly $2.4 billion in the week ending September 25. After a net outflow on September 30, inflows returned on October 1, with IBIT again playing a major role. Ether ETFs remained weaker, showing that the move had not yet broadened across the crypto market. ⚙️ Leverage was not excessively stretched. Bitcoin funding remained relatively low before the move toward $87,000 and later fell close to zero. Still, the weekend rejection triggered around $434 million in liquidations over 24 hours, with long positions accounting for nearly 74%, clearing part of the short-term bullish positioning. 📉 Macro conditions remain a key constraint. Weak NFP data was not enough to sustain the breakout while the U.S. 10-year Treasury yield stayed elevated. ETF demand is providing support, but high yields continue to limit how quickly valuations can expand. 🔎 The $82,500–$83,000 area is now the key support zone to watch, while $87,000–$90,000 remains the main resistance range. Bitcoin still has relative strength, but weak Ether ETF flows, low funding, and limited market-wide participation suggest this remains a BTC-led move rather than a broad crypto risk-on phase. #Bitcoin $BTC
Bitcoin Extends Its Winning Streak but $87,000 Remains Unconfirmed

📈 Bitcoin rose from around $83,500 to nearly $87,000 during the September 28–October 2 week before being rejected and slipping back toward $84,600 over the weekend. BTC continued to outperform the broader market, while Ether was nearly flat and Bitcoin dominance moved close to 60%.

💰 ETF flows remained the main source of support. U.S. spot Bitcoin ETFs attracted roughly $2.4 billion in the week ending September 25. After a net outflow on September 30, inflows returned on October 1, with IBIT again playing a major role. Ether ETFs remained weaker, showing that the move had not yet broadened across the crypto market.

⚙️ Leverage was not excessively stretched. Bitcoin funding remained relatively low before the move toward $87,000 and later fell close to zero. Still, the weekend rejection triggered around $434 million in liquidations over 24 hours, with long positions accounting for nearly 74%, clearing part of the short-term bullish positioning.

📉 Macro conditions remain a key constraint. Weak NFP data was not enough to sustain the breakout while the U.S. 10-year Treasury yield stayed elevated. ETF demand is providing support, but high yields continue to limit how quickly valuations can expand.

🔎 The $82,500–$83,000 area is now the key support zone to watch, while $87,000–$90,000 remains the main resistance range. Bitcoin still has relative strength, but weak Ether ETF flows, low funding, and limited market-wide participation suggest this remains a BTC-led move rather than a broad crypto risk-on phase.

#Bitcoin $BTC
Global chemicals diverge as oil keeps costs elevated while production margins remain under pressure 🛢 Brent around $102/bbl continues to keep feedstock costs elevated, particularly for naphtha and oil-dependent crackers. However, finished-product prices have not risen fast enough to fully offset higher input costs, leaving margins across several chains under pressure. 🇪🇺 Europe is entering October with a clearer upward pricing trend. Olefin contracts are expected to rise by around EUR 60–80/ton, while styrene could increase by roughly EUR 100–150/ton. Polyolefins, polystyrene and PET had already moved higher beforehand. Even so, ethylene, PE and PP spreads remain below year-ago levels, suggesting much of the increase still reflects feedstock cost pass-through rather than stronger pricing power. 🇨🇳 China has effectively frozen price indications during Golden Week, but unchanged quotations do not mean supply and demand are balanced. PP and PE inventories at Sinopec and CNPC remain above seasonal averages, while suppliers avoided aggressive price cuts ahead of the holiday. 📉 Pressure may become more visible after China reopens on October 8. If inventories fail to decline sufficiently in the first week and new PE–PP capacity starts as scheduled in the second half of the month, polyolefin prices could face stronger downside pressure by the third week after the holiday. 🌍 The US is following a different path from Europe, with most major-volume resins expected to trade flat to lower in October. The broader picture is therefore not a synchronized global chemical upcycle, but a widening divergence between feedstock costs, demand conditions and the ability of producers to defend margins across regions. #ChemicalMarkets $CL
Global chemicals diverge as oil keeps costs elevated while production margins remain under pressure

🛢 Brent around $102/bbl continues to keep feedstock costs elevated, particularly for naphtha and oil-dependent crackers. However, finished-product prices have not risen fast enough to fully offset higher input costs, leaving margins across several chains under pressure.

🇪🇺 Europe is entering October with a clearer upward pricing trend. Olefin contracts are expected to rise by around EUR 60–80/ton, while styrene could increase by roughly EUR 100–150/ton. Polyolefins, polystyrene and PET had already moved higher beforehand. Even so, ethylene, PE and PP spreads remain below year-ago levels, suggesting much of the increase still reflects feedstock cost pass-through rather than stronger pricing power.

🇨🇳 China has effectively frozen price indications during Golden Week, but unchanged quotations do not mean supply and demand are balanced. PP and PE inventories at Sinopec and CNPC remain above seasonal averages, while suppliers avoided aggressive price cuts ahead of the holiday.

📉 Pressure may become more visible after China reopens on October 8. If inventories fail to decline sufficiently in the first week and new PE–PP capacity starts as scheduled in the second half of the month, polyolefin prices could face stronger downside pressure by the third week after the holiday.

🌍 The US is following a different path from Europe, with most major-volume resins expected to trade flat to lower in October. The broader picture is therefore not a synchronized global chemical upcycle, but a widening divergence between feedstock costs, demand conditions and the ability of producers to defend margins across regions.

#ChemicalMarkets $CL
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