“The PullBack Was a Broad One, With Altcoins Like Sol, ADA, AND XRP Suffering Even staper Declines.”, – WRITE: www.coindesk.com
BTC Plunged Below $ 122,000, Erazing The Past Three Days of Gains and Trading 2.4% Lower in The 24 Hours. The Selloff Rippled Across The Crypto Market, with Xrp$ 2.8211, Doge$ 0.2316, Ada$ 0.7842 an Avax$ 28.69 Down 5% -7% during the period.
If the price action in bitcoin appears familiar, that’s because it is. Despite A 31% Gain Year-To-Date, Bitcoin Has Given Bulls Very Little Chance to Bask in their Wins. Each Record High Has Seemingly Been Met with A Quick and Viscous Sell-Off. Consider the first Run to $ 109,000 Just Ahead of the Trump Inauguration in January. That reversed Lower to $ 100,000 in Hours and to $ 75,000 within Three Months.
July’s First Move Above $ 123,000 Was Met with About A 10% Decline Over The Following FEW DAYS. And Similar Surge Above $ 120,000 in Mid-August Presaged About A 15% Plunge in Enving Days.
The Decklines this Time AROUND CAME AFTER BITCOIN’S NEAR-INTERICAL 16% PUMP OFF The LATE SEPTEMBER LOWS BLOWS $ 109,000.
Jean-David Péquignot, CCO of Options Marketplace Deribit, Projected in a Monday Report that Btc Could Revisit the $ 118,000- $ 120,000 Zone Shaking Outs. If that PullBack Happens, He Said, Wound Offer A Buying Opportunity as Technicals and the Macro Environment Aligns for Btc to Run Higher Above $ 130,000 Thunder.
Derivatives Market and Etf Inflows Also Got OverHeated, SAID VETLE LUNDE, HEAD OF RECEARCH AT K33. HE Noted that Past Week Marked The Strongest Btc Accuumulation of the Year, with a combined 63.083 BTC (WORTH ROUGHLY $ .7 7Billion) Added Across US Etfs, CME and The same. The Surge Was Driven by Widespread Long Positioning Betting on Higher Prices Without a Clear Macro Catalyst, Laying The Gund for A Pullback.
“Historically, Similar Bursts in Exposure Have a Gave COINCIDED WITH LOCAL TOPS, AND THE CURRENT SETUP SUGGEESTS A TEMPORIA OVERHEATED MARKET WITH ELEVATED RISC, LUDE.
Change in Nocial BTC Exposure, Combining Perpetuals, Futures Open Interest and etf Holdings (K33)
Fed’s Miran Says Neutral Rate Should be 0.5%Federal Reserve Governer Stephen Miran – A Recent Trump Apppointee – Said Tuesday His View of the Neutral Interest Rate Has Shifted “from One End of the Range to the Other,” Durying A Discus Outlook 2025. He Now Believes the Neutral Rate Should Stand at 0.5%. Miran Pointed to Tighter Immigration Restrictions and Evolving Expections About the Federal Deficit As the Main Factors Behind His Reassessment.
Miran’s Comments Suggest That Long-Term Forces Shaping The Us Economy Are Changing. A Smaller Labor Pool Could Limit Growth, While Rising Fiscal Pressures Might Keep The Fed’s Balanking Act Between Inflation and Employment More Complex. His remarks come as policymakers debate How Much Room the Central Bank Has to Cut Rates with Reigning Price Pressures.
Fed officials meet at the end of this month to decide about a postible Further Rate Cut, However, Without Critical Data Coming from The Government as The Shutdown Continutes.
Miran Also Noted that Economic Growth in the First Half of the Year Was Weaker Nagan Anticipated, Weighed Down by Uncertain Over Trade and Tax Policy. But Miran Struck A More Positive Tone for the MONHS AHEAD, SAYING MUCH OF THAT UNCERTAINTY HAS NOW CLEARED. “WITH CLEARER Policy Signals, I Expert A Steadier Pace of Growth,“ He Said.
Crypto Stocks Suffer
The Broad PullBack in Crypto Prices Is Hitting The Related Stocks, Led By A 7% Deckline in Strategy (Mstr) and A 4% Loss for Coinbase (Coin). Ether Eth$ 4,005.03 Treasury Companies Bitmine Immersion (BMNR) and Sharplink Gaming (SBET) Are Down 3% and 7%, Respectvely.
Bitcoin Miners Are Mostly in the Red, Led by Mara Holdings Falling 4% and Riot Platforms (Riot) 3%. Hut 8 (Hut) is Lower by 2%.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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The Crypto Broke Through Multiple Support Levels on High Volume.
- Fil Slipped 4% AMID A BROADER DECLINE IN CRYPTO Markets.
- The Token Broke Through Many Support Levels As Selling Pressure Intensified.
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