$BTC Is entering a pretty interesting time in terms of seasonality.
The weeks ahead are generally paired with big moves at the end of October and into November, which are historically Bitcoin's best performing months.
Seeing how leverage has been wiped out and with books thin, it doesn't take much to move the price a lot right now. So I would not be surprised to see a lot of volatility continue over the next few weeks.
🚨 TODAY: Over $106M in long positions were liquidated in the past 4 hours.
$106M liquidated and everyone screams crisis, that’s pocket change in this market. If you’re still crying over liquidations, you’re not trading, you’re gambling.
Polymarket is now predicting a sooner end to the U.S. government shutdown. In the past day, the probability of a quick resolution has increased, with Nov 5 emerging as the most likely end date for now.
Since the shutdown started Oct 1, that would be a 36-day shutdown. Historically, markets often rise after shutdowns:
An earlier end to the U.S. government shutdown could accelerate SEC approval of pending crypto ETFs, including $XRP , $LTC , $DOGE, $ADA , and others. 📈
📊 According to data from @cryptoquant_com, Bitcoin flows on Binance have turned negative—meaning more Bitcoin is leaving the exchange than entering it. 🔥
This usually doesn't happen when people want to sell... but when they're done selling. 😎
🔹 Investors are withdrawing their coins to cold wallets.
🔹 The trend over the past 30 days shows selling pressure gradually decreasing as accumulation increases.
More investors are betting on a 50 basis point Fed cut this year:
Open interest for Secured Overnight Financing Rate (SOFR) call options, which trade on Fed interest rates falling to 3.50% by year-end, jumped to 926,000 contracts, the highest on record.
This suggests the market is pricing in a 75 bps of cuts from the current 4.25%.
Open interest for SOFR call options on this bet has TRIPLED since July.
In other words, investors increasingly expect at least one 50 bps rate cut at either the October or December Fed meeting.
⚡️NEW: Tom Lee's BitMine dropped a staggering $820M to acquire around 179,251 $ETH over the past week, boosting its total holdings to 2.83 Million Ethereum (~$13.4 Billion).
The firm intends to secure as much as 5% of the total supply of Ethereum, underscoring just how bullish they are on ETH’s future.
BitMine is currently the largest publicly-disclosed corporate holder of #Ethereum in the world.
If you’re watching the crypto market and wondering where the next leg up might come from - this kind of accumulation by a publicly-listed firm is a strong data point 📊
CZ warns that memecoin hype is fueling hacks. More attackers are hijacking social accounts to post “official” token announcements. People are losing funds to fakes. Official channels do not endorse specific memes.
Security starts with habits. Verify the source, use an out-of-band check, and never click shady links or connect your wallet to random sites.
When you short BTC again after last weekend’s crash… “This time it’s different.” 💥 700 BTC short @ $109K with 10x leverage. - Value: $76M - Entry Price: $109,133.1 - Liq Price: $150,080 Some people play chess, others play liquidation roulette.
❗️Trump warned that if a deal with China isn’t reached by November 1, tariffs could rise to 155%.
Key points:
🟠 Expects a fair and strong trade deal with China 🟠 Says China has treated the U.S. with respect and is paying large sums through tariffs 🟠 Will meet Xi in South Korea in the coming weeks 🟠 “In about a year, we’ll have so many critical minerals and rare earths, you won’t even know what to do with them”.