After experiencing a 130-day consolidation range between $107,000 and $123,000, Bitcoin has fallen below the key support level of $107,000, with the price briefly dropping to $98,000, triggering a large-scale deleveraging in the futures market.
On-chain data shows that approximately $640 million in long positions were liquidated in the past 24 hours, marking the second-largest single-day long liquidation since June 2021. This wave of liquidations has intensified the downward trend, forcing highly leveraged traders to exit.
However, after hitting the $98,000 low, buying interest quickly stepped

What would happen to BTC if there was a global blackout?
Michael Saylor stated that even if there were a worldwide power outage lasting ten years and computers were paralyzed for a decade, it would only cause the Bitcoin protocol to go into "sleep mode." As long as one node restarts, BTC can fully revive.
In comparison, digital assets in bank accounts are very fragile—just a few server failures could wipe out your digital funds.

Bitwise CIO: Retail Investor Liquidation Nearing Completion, Bitcoin Still Has a Chance to Reach New All-Time High by Year-End
In a recent interview, the Bitwise CIO stated that the crypto market is entering a "polarized" phase:
Retail investors are in extreme downturns, with frequent liquidations from leverage and protocol risks;
Meanwhile, institutional markets remain optimistic, with continuous inflows into Bitcoin ETFs.
"Seller pressure is nearing exhaustion, while buying interest remains strong."
"We are approaching the end of retail investor liquidation."

When Bitcoin fell from $1,000 to $200, they were shouting that the cryptocurrency world was finished. When Bitcoin dropped from $20,000 to $3,000, they were shouting that the cryptocurrency world was finished. When Bitcoin declined from $60,000 to $17,000, they were shouting that the cryptocurrency world was finished. When Bitcoin just dropped from $120,000 to the $100,000 range, they started shouting that the cryptocurrency world was finished. In every cycle, some people become disheartened and log out of the marketplace, while others remain calm and handle it with ease. History doesn't repea

The probability of the Federal Reserve cutting interest rates by 25 basis points in December is currently 67.3%.

The three major U.S. stock indices opened higher collectively, while cryptocurrency concept stocks mostly declined.
Dow Jones Industrial Average rose 0.28%
S&P 500 Index increased by 0.53%
Nasdaq Composite gained 0.96%
Amazon (AMZN.O) opened about 4.5% higher
Nvidia (NVDA.O) increased by 2.7%
Regarding cryptocurrency concept stocks:
MSTR fell 1.59%
CRCL fell 2.14%
COIN fell 2.56%
SBET fell 4.37%
BMNR fell 5.29%

Continuing buying has slowed down! MicroStrategy's BMNR, just announced data showing an increase of 82,000 ETH last week.
This is far below the early October weekly purchase rates of 179,000 and 202,000 ETH, significantly below market expectations.
This marks BMNR's second consecutive week in a reduced buying state. The company plans to accumulate 5% of ETH, but due to the slowdown in purchases, this target is unlikely to be achieved in the first half of next year.

💰Strategy purchased 397 Bitcoin last week at a price of approximately $114,771 each, totaling about $45.6 million.
The company holds a total of 641,205 Bitcoin, with a cumulative purchase cost of approximately $47.49 billion, and an average holding cost of about $74,057 per Bitcoin.#参与创作者认证计划月领$10,000

Tom Lee's fund analyst Mark Newton stated that he disagrees with the current community argument that "using technical indicators to prove that cryptocurrencies have peaked." His reasons are as follows:
1. The Elliott wave structure has not shown any signs of a peak.
2. The monthly DeMark signal has not yet been triggered.
3. Sideways movement has led to weakening momentum, which often causes the MACD to turn negative. However, in this case, since there is no wave confirmation of a sharp five-wave decline starting from the high point, a definitive conclusion cannot be drawn.
4. The medium-term

Global liquidity is on the rise.
Bullish for Bitcoin & Crypto!

Zcash (ZEC) market capitalization surpasses $7 billion, reaching a new all-time high
According to CoinGecko data, Zcash (ZEC) market capitalization exceeds $7 billion, currently reaching $7,010,784,529, setting a new all-time high with a 10.9% rise in the past 24 hours. It is reported that Zcash is about to undergo a halving, and the issued amount is expected to decrease significantly.

Privacy Coin, led by Zcash (ZEC), with relaxed regulations, Navar taking the lead in calling signals, extending topics such as financial sovereignty and decentralization. Related to these are the previously mentioned Privacy + ZK track newcomer Prove, established Privacy Coins XMR, Dash, Zen, and others.

Next Week's Macro Outlook: Non-Farm "Stealth", Tariff Case Under Review, Gold Enters Seasonal Strong Period
Here are the key points the market will Follow in the new week:
Monday 22:45, US October S&P Global Manufacturing PMI Final;
Tuesday 01:00, FOMC voter for 2027, San Francisco Fed President Daly, delivers a speech;
Tuesday 23:00, US September JOLTS Job Openings;
Wednesday 21:15, US October ADP Employment Report;
Thursday 21:30, US Initial Jobless Claims for the week ending November 1;
Friday 00:00, FOMC permanent voter, New York Fed President Williams, delivers a speech;
Friday 01:00, FOM

Tom Lee Discusses the Potential Growth Space of Bitcoin and Ethereum
Bitmine Chairman Tom Lee, in an interview with ARK Invest on October 16, discussed the value logic and market prospects of Bitcoin and Ethereum. He is optimistic about their future performance, believing that Ethereum should be viewed as a monetary foundation and standard. Even in theoretical scenarios where Layer 2 (L2) does not pay Gas fees to Layer 1 (L1), its monetary property can still assign value, similar to how stocks priced in US dollars support the dollar’s value. In practice, L2 will support L1, and future banks bu

Next Week's Macro Outlook: Non-Farm "Invisible" and The Federal Reserve Officials to Speak Intensively
On November 1, the marketplace was almost certain that the Federal Reserve would cut interest rates again in December, but Powell's remarks prompted a rethinking. This means that as Federal Reserve Board members and regional Federal Reserve presidents resume public appearances to lay the groundwork for the critical December meeting, speeches by Federal Reserve officials starting next week could be crucial.
Under normal circumstances, next week would be the week for the release of non-farm emp

Bitcoin White Paper Anniversary: 17 Years
It has been 17 years since Satoshi Nakamoto posted the Bitcoin White Paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" on the P2P Foundation website.
The Bitcoin network was officially launched on January 3, 2009.
The initial trading price of Bitcoin was $0.0008.

Bull Run Three Elements
1. Leverage has been cleared, on 2017.9.4, 2021.5.19, 2025.10.11
2. Retail investors are generally pessimistic.
3. Favourable information at the macro level.