Bitcoin (BTC)
1.Massive liquidation wave
A long position worth approximately US$1.5 billion was liquidated in the last 24 hours, causing the price of Bitcoin to plummet.
This liquidation wave is one of the largest since March.
2.Potential fourth quarter (Q4) rally
Bitcoin closed September with an increase of about 4.5%, which according to some historical data could signal the beginning of a major rally in Q4 to around US$170,000.
3.Bitcoin as a central bank reserve asset?
Strategists at Deutsche Bank assess that Bitcoin is 'almost' ready to become a central bank reserve asset, shifting from merely a speculative asset to an alternative store of value like gold.
4.Jack Dorsey launched a Bitcoin wallet
Jack Dorsey, one of the founders of Twitter and CEO of Block, launched a Bitcoin wallet that allows small merchants to convert part of their card sales into Bitcoin without fees until 2027.
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Ethereum (ETH)
1.Large accumulation by BitMine
BitMine Immersion now holds over 2.65 million ETH, making it one of the largest institutional holders of Ethereum.
This total ownership now represents more than 2% of the circulating supply of ETH.
2.Bullish view from Robert Kiyosaki
Famous financial author Robert Kiyosaki calls Ethereum one of the 'hot, hot, hot' assets and is optimistic about its upward trend going forward.
3.Short-term pressure – corrections and liquidations
ETH experienced a decline due to sell-off actions and liquidation of long positions, especially after the announcement of US interest rates.
Despite the high volatility, ETH remains in a strong yearly uptrend.
4.Financial infrastructure collaboration & ETH
There are reports that the SWIFT payment network will collaborate with ConsenSys (the developer of Ethereum) to facilitate a real-time cross-border payment system based on blockchain technology.
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🔍 Notes & Implications
•Massive liquidations in the crypto market indicate that the market is undergoing a 'stop-loss cascade' and profit-taking.
•Although there is currently a correction, institutional accumulation (especially by large players like BitMine) provides support for ETH in the medium term.
•Regulatory changes, interest rates, and macro sentiment (e.g., US economic data, central bank policies) will greatly influence the price direction of BTC & ETH going forward.