Najam Trades

🔹 Bitcoin (BTC):
Struggling to hold key resistance levels
Sharp volatility and liquidations hitting leveraged traders
Short-term trend remains weak
🔹 Altcoins:
Following BTC’s downside
High-risk and low-liquidity tokens hit hardest
Buying demand remains limited
🔹 Market Drivers:
Heavy sell-offs during Asian sessions
Rising exchange inflows from large wallets & miners
High volume hints at distribution, not accumulation
🔹 What to Watch:
Key support levels on BTC
Liquidity zones and volume confirmation
Risk management is crucial in high volatility
📊 Sentiment: Bearish → Neutral
⚠️ Volatility: High
$BTC
$ETH

1. Price Breakdown and Market Reaction
Bitcoin dropped sharply on Saturday, falling below $80,000 for the first time since April 2025. The largest cryptocurrency slid as much as 10% to $75,709, extending a correction that has now erased over 30% from its peak as selling pressure remains elevated.
2. Altcoins Follow Bitcoin Lower
The selloff spread across the market. Ether fell up to 17%, while Solana briefly plunged more than 17%, confirming broad risk-off sentiment across major tokens.
3. Liquidations and Market Damage
The decline wiped out around $111 billion in total crypto market value within 24 hours, according to CoinGecko. Roughly $1.6 billion in leveraged positions were liquidated, mainly in bitcoin and ether, accelerating downside momentum.
4. On-Chain Data Signals Weak Demand
CryptoQuant CEO Ki Young Ju said bitcoin’s realized cap has stalled, signaling that new capital inflows have dried up.
“When market cap falls without realized cap growing, that’s not a bull market.”
5. ETFs, Strategy, and Holder Behavior
ETF inflows and purchases by Strategy (MSTR) helped anchor prices near $100K last year, but long-term holders have been taking profits since early 2024. While bitcoin briefly moved below Strategy’s average cost, analysts see no immediate financial stress for the firm. A deep cycle-style crash remains unlikely unless Strategy starts selling.
6. Macro Frustration and What’s Next
Bitcoin has failed to rally despite a weaker U.S. dollar and record gold prices. Regulatory delays and fading hedge narratives have further hurt sentiment. Ju expects the market to resolve through wide-ranging consolidation, not a quick rebound.
$BTC
$ETH
$RIVER

A Binance disse que o colapso relâmpago das criptomoedas em 10 de outubro foi provocado por um movimento macroeconômico de aversão ao risco colidindo com uma alavancagem recorde e a liquidez do livro de ordens desaparecendo — não por uma falha no sistema.
Com o Bitcoin e o Ether fortemente posicionados após meses de ganhos, mais de $100B em interesse aberto alimentaram liquidações forçadas à medida que os preços caíam. Os formadores de mercado reduziram a exposição, a profundidade do lado da oferta desapareceu e pequenas liquidações causaram quedas acentuadas.
A venda refletiu os mercados globais, onde as ações dos EUA perderam $1,5T em um único dia. A congestão da blockchain e a arbitragem atrasada pioraram as lacunas de preços.

1️⃣ Market Snapshot
Tokenized silver futures recorded the largest liquidations across the crypto market in the past 24 hours, surpassing both Bitcoin (BTC) and Ether (ETH)—a rare reversal of the usual risk hierarchy.
According to CoinGlass,
129,117 traders were liquidated
Total liquidations: $543.9 million
Tokenized silver: ~$142 million
Bitcoin: ~$82 million
Ether: ~$139 million
The largest single liquidation occurred on Hyperliquid, where an $18.1 million leveraged SILVER-USD position was forcibly closed.
2️⃣ Why Silver Led the Wipeout
Silver prices came under heavy pressure after an extraordinary rally earlier this month reversed sharply. As volatility spiked, leveraged long positions were caught offside.
U.S. government data shows that hedge funds and large speculators cut bullish silver positions by 36%, pushing net-long exposure to a 23-month low. This positioning unwind spilled directly into tokenized silver futures traded on crypto platforms.
3️⃣ CME Margin Hike & Volatility Shock
The selloff intensified after CME Group announced higher margin requirements for gold and silver futures, effective Monday.
Margin requirements increased by up to 50% on some silver contracts
Higher margins forced traders to add collateral or exit positions
This accelerated liquidations across leveraged products
As traditional markets tightened risk, the pressure quickly transferred to crypto-based commodities futures.
4️⃣ Bitcoin and Ether Take a Back Seat
Bitcoin and Ether did see liquidations, but the damage was relatively muted.
BTC and ETH liquidations reflected general risk-off sentiment
No single dominant unwind like silver
Highlights how macro-driven trades, not crypto-native narratives, dominated this session
This marked an unusual moment where commodities—not crypto majors—set the tone for liquidation flows.
5️⃣ What This Means for Crypto Traders
Tokenized metals are increasingly used to express macro views because they:
Trade 24/7
Require lower upfront capital
Offer high leverage without traditional futures accounts
But that accessibility cuts both ways. When volatility spikes, liquidations arrive faster and harder.
$BTC
$XAG

🦅 A especulação sobre o presidente do Fed Warsh assusta o Bitcoin
O Bitcoin caiu para $81K após relatos sugerirem que Kevin Warsh está surgindo como um dos principais candidatos para substituir Jerome Powell como presidente do Federal Reserve dos EUA.
Os mercados veem Warsh como decididamente agressivo. Durante a Crise Financeira Global, ele alertou repetidamente sobre a inflação, mesmo quando os riscos de deflação e o desemprego aumentaram—solidificando sua reputação como um defensor de uma política monetária restritiva.
Analistas dizem que um Fed liderado por Warsh provavelmente significaria:
Taxas de juros reais mais altas

🚨 O Bitcoin despencou para $81K – $1,7B liquidado em 24 horas$
O Bitcoin caiu para $81.000, seu nível mais baixo em 9 meses, desencadeando $1,7 bilhão em liquidações à medida que os temores macroeconômicos globais atingiram duramente os ativos de risco.
⚠️ O que desencadeou a venda?
• Aumento das tensões geopolíticas
• As ameaças de tarifas de Trump abalando os mercados
• Resultados fracos de tecnologia dos EUA, especialmente da Microsoft
• O medo transbordando das ações de IA
📉 Mais de 270.000 traders liquidadas — a maioria eram longs alavancados, mostrando o quão superlotada estava a posição bullish.

$Muitos traders ficam confusos quando o preço continua subindo, mas a taxa de financiamento (juros) permanece negativa. À primeira vista, parece contraditório — mas na realidade, este é um dos sinais mais fortes do mercado quando compreendido corretamente.
🔍 Compreendendo a Taxa de Financiamento Negativa
Uma taxa de financiamento negativa significa:
Existem mais posições vendidas do que compradas
Os vendedores a descoberto estão pagando os compradores
O sentimento do mercado é de baixa, mesmo que o preço esteja subindo
Isso nos diz que a maioria dos traders está posicionada contra o movimento.