Crypto Entrepreneur. 10 years TA FA. Founder of CryptoPatel. Alpha Hunter. SMC and ICT Trader. Sharing 10x Gems, X: CryptoPatel, Pro Setups, Market Trends 🚀
Saw this circulating everywhere: "Jack Ma is building an ETH reserve and says $10k is coming"
Did my homework. Here's the truth: What actually happened : Yunfeng Financial (a company Jack Ma co-founded) bought 10,000 ETH for $44M back in September. That's it. One purchase.
What's fake: ❌ Jack Ma personally buying ETH? Nope ❌ "Building a strategic reserve"? Nope, single purchase ❌ Said $10k is coming? Complete fabrication. Zero proof anywhere.
This started from some crypto influencer accounts in October that twisted the story. The original purchase from September got recycled with fake hype added.
Look, I'm bullish on $ETH too, but we don't need fake narratives. There's enough real institutional buying happening.
Don't fall for this. If a story sounds too good to be true and you can't find the original source, it's probably BS.
Do your own research. Always verify. Don't be exit liquidity for hype posts. Stay sharp out there.
📢 MEXC BANKRUPTCY RUMORS EXPLODING: HERE'S WHAT YOU NEED TO KNOW
The crypto community is in panic mode over MEXC possibly going under.
The Reality Check: ✅ Withdrawals still working (mostly) ❌ TRC-20 USDT = SLOW AF
No concrete proof... YET But here's the thing, in crypto, you don't wait for proof. Remember FTX? Celsius? Luna? By the time "proof" dropped, it was too late.
DO THIS RIGHT NOW: 👇 🔴 Get your funds OFF the exchange 🔴 Test a small withdrawal first 🔴 Move everything to cold storage 🔴 Split holdings across multiple wallets
NOT YOUR KEYS = NOT YOUR CRYPTO I don't care if it's MEXC or any CEX, exchange risk is ALWAYS real. RT to warn others. In crypto, paranoia pays.
Chart Analysis Recap: Previous exit signal: $0.025 → #Linea is now ~50% down ✅ confirms chart-based strategy. Current trend: Super bearish; expecting further downside 20%-40% before the next upward leg.
Long-Term Potential: @Linea.eth could give 10x returns, targeting $0.1–$0.2, but success depends on smart entry points.
Key Strategy: Ideal accumulation zone: below $0.01 for long-term holders. Trade smart, enter on hard dips and manage risk.
Current Chart View: #Plasma is showing bearish momentum at current levels. Expect a potential 30%-50% downside, which could create a high-probability accumulation zone for strategic investors.
Key Resistance: $0.32 (blue trendline) 🔹 Only a close above $0.32 on higher timeframes (HTF) will trigger a bullish trend reversal. Until then, bears are in control.
🔹 Targets if Bullish Breakout Occurs: Short-term: Price clears $0.32 → bullish momentum resumes Long-term: $2 possible if price sustains above $0.32
Trading Strategy: Accumulate in the lower support zone for maximum risk-reward Wait for HTF confirmation above $0.32 for safer long positions Watch volume & momentum for breakout validation
Market Insight: #XPL offers strategic accumulation potential now, but patience is key. The next bullish move depends entirely on HTF breakout confirmation.
Tether’s Q3 attestation just dropped audited by BDO, and the numbers are insane: 🔹 $10B+ profit YTD (Q1–Q3) 🔹 $135B in U.S. Treasuries, 17th largest holder worldwide 🔹 USD₮ supply hits $174B (+$17B this quarter) 🔹 $6.8B excess reserves 🔹 Gold + Bitcoin holdings: $22.8B 🔹 500M+ global users, expanding into AI, energy & communications
Why it matters: Tether is more than a stablecoin, it’s a financial powerhouse that shapes crypto market liquidity. Strong profits + record reserves = confidence in USD₮ stability.
If you’re serious about crypto, this is a signal you can’t ignore.
#Bitcoin saw renewed selling pressure on Oct 30, as Binance retail traders dumped over 9,200 $BTC (~$1B) around $107.7K, just days after another 12,000 BTC sell wave near $108.3K.
Technical View: Retail traders are aggressively selling into weakness, while long-term holders remain largely inactive.
Historically, these sharp sell-offs from short-term players often form local bottoms, liquidity events where smart money quietly accumulates.
Fundamental Side: Spot Bitcoin ETFs added more weight to the downside: 🔹 BlackRock: -$2.6B 🔹 Fidelity: -$790M 🔹 Grayscale: -$500M These ETF outflows likely shifted capital to spot exchanges, amplifying short-term selling pressure.
Key Insight: ▶️ Retail capitulation + ETF outflows = short-term volatility ▶️ But remember, markets often bottom when retail panic peaks.
$SUI Testing Final Demand Zone: Reversal Imminent?
#SUI is currently testing a major re-accumulation zone around $2.1 – $1.8, which previously acted as a strong demand area.
A liquidity grab below this level could trigger a sharp reversal, similar to the last time price swept lows before a massive rally. The structure remains valid as long as this zone holds.
Once price reclaims the $2.7–$3.0 resistance, momentum could shift strongly bullish, targeting the $4.8 zone, and eventually the $20 macro target if the trend continues.
Why this setup: ✅ Price is rejecting the overlapping zone, aligned with 0.5 retracement. ✅ Lower-timeframe structure remains bearish; no bullish shift observed. ✅ Previous day high untouched → liquidity above likely used for inducement. ✅ Next liquidity draw points to previous day low.
Strategy: Short from overlapping zone targeting liquidity below previous day low.
Pro Tip: Wait for confirmation rejection from the overlapping zone before entry. Patience beats impulse trades.
Two people Anirban Ghosh & Priyanka Sahu, were arrested for duping investors in a crypto investment scheme worth ₹25 crore.
What every crypto investor must learn from this: 1️⃣ Promises of High Returns Are Always Risky No one can guarantee massive profits in days or weeks. If it sounds too good, it probably is. 2️⃣ Do Your Homework Check the project, the team, and whether it’s legally registered. Blind trust is costly. 3️⃣ Spot the Red Flags Pressure to invest quickly “Guaranteed” returns Lack of transparency about wallets or transactions 4️⃣ Law Enforcement is Catching Up The Kolkata Police’s bank-fraud division is actively cracking down. Scammers are being traced.
Lesson :: Even experienced investors fall for hype. Protect your money by confirming, researching, and never following blindly.
Actionable Tip: Always check on-chain activity and project legitimacy before staking or sending crypto anywhere.
Stay safe. Stay smart. Don’t fall for the hype. Source: Times of India