“Your day-ahead look for oct. 13, 2025”, – WRITE: www.coindesk.com
A rapid and violent sell-off wiped more than $ 500 Billion from Crypto Markets Friday, Triggering Forced Liquidations, Collapsing Wraipped Tokens, Leading Tonarly in LEARLY LEARLY LEARLY LEARLY LI 20 BILLION Infrastructure.
The Flash Crash, Described by Bitwise Portfolio Manager Jonathan Man As Posibly The Worst Liquidation Event in Crypto History, Erased $ 65 Billion Interest and Sening Interest and Reset Posset Posset Posset Posset Posset Posset Posset Poset Posset Poset Posset and Reset Poset Poset Posset and Reset Posset.
The Violent Crash Saw Bitcoin BTC$ 114,612.29 Drop 13% in a Single Hour Before Rebounding, While Some Tokens Saw Flash Crashes of More than 40%. Since Ten, The Market Has Been Recovering, With The Coindesk 20 (CD20) Index Now Being Up 7.7% in the Last 24 Hours, While Still Being Down Some 7.4% from the Crash.
On Binance, Infrastructure Failures Caused Wrapped Assets Like Wbth and Bnsol to Diverge Massively from Their Underlying Prices. wbth, which is meant to track ether, fell as Low as $ 430 While Eth Traded Above $ 3.800.binance Pledged to Compensate Affected Users and Has Switced Tovel assets.
“MARKET STRUCTURE INCLUDING LARGE DERIVATIVATIVATIVE Exchangs Liquidating Users from their underlying collateral backing assets have all Contributed to Whore We Are Today, “Stuart Connolly, Cio at Deus X Capital, SAID IN A EMAILED STATEMENT.
“The“ Perp Dex ”of Narrative That Has Been So Popular Has Taken A FEW MEANINGFUL STEPS BACK,“ HE ADDED. “The Market Needed A RESET, AND IF President Trump’s Position Softens, AS It Looks Like It Might, We Will See See Crypto Assets Higher During Q4 AS ASULT.”
The Ongoing Us Government Shutdown Means Markets Are Still Operation in a Data Vacuum. Amid The Risk-Off Sentiment, Gold Has Kept on Rallying, Helping Tokens Backed by The Prews Metal Like Paxg and XAut Near $ 4,090.
Today, US Markets Will Remain Closed, and There Felt Macro References to Lean On. Traders Will Institute Watch How The Market Reacts As Liquidity Gets A Boost After The Weekend.
None of the Typically used Crypto Market Cycle Top Indicators Have So Far Been Trigger. Stay Alert!
What to WatchFor a more comprehenSive list of events this week, See Coindesk’s “Crypto Week Ahead”.
- Crypto
- Oct. 13: CME Group Aiming to Launch Options on Sol and XRP, Subject to Regulatory Approval.
- Macro
- Nothing Schereduled.
- Earnings (Estimates Based On Factor Data)
- Nothing Schereduled.
TKEN EVENTSFor a more comprehenSive list of events this week, See Coindesk’s “Crypto Week Ahead”.
- Governance Votes & Calls
- Superfluid Dao is voteing on a proposal to upgrade Contracts for Wraper Supertokens Like Ethx and USDCX So The Dao Can Invest Their Underlying Assets and Generate Incomy. Voting Ends Oct. 13.
- ENS DAO IS VOTING ON A PROPOSAL TO Establish Review Records for Its Core Contracts to Improve Identification, Usability, and Demonstrate Best Practices by Fully USING. Voting Ends Oct. 13.
- Unlocks
- No major unlocks.
- TKEN LAUNCHES
- Oct. 14: Sandchain, A ZK-Powered Ethereum Layer-2, Launches.
ConferencesFor a more comprehenSive list of events this week, See Coindesk’s “Crypto Week Ahead”.
- Oct. 13-15: Digital Asset Summit 2025 (London)
Token TalkBy oliver Knight
- The Crypto Market Kicked Off Monday with a rebound in the wake of a Sharp weekend leverage flush. ACCORDING TO DATA FROM COINMARKETCAP, The Total Crypto Market Cap Climbed Roughly 5.7% in the Past 24 Hours, with Volume Jumping About 26.8%, Suggesting Those Liquidated Liquidated Positions.
- A Total of $ 19 Billion Worth of Derivativs Positions Were Wiped Over the Weekend with The Vast Majority Being Attributed to Those Holding Long Positions, In The Past 24 Hours $ 420 Billion of that Being on the Short Side, Demonstration A Reversal in Sentiment, Accounting To Coinglass.
- The recovery has beentenative so far; The Dominance of Bitcoin Remains Elevated at About 58.45%, Down Modestly From Recent Highs, WHICH IMPLIES ALTCOINS MAY STILL LAG AS CAPITAL PILES BACK INTO SAFER LARE LARGE LGGE LGGE-PILES.
- The Big Winner of Monday’s Recovery Was Snx$ 2.2653WHICH Rose by More than 120% Ahead of a Crypto Trading Competition that Will See It Potentilly Start Up “Perpetual Wars” with Hyperliquid.
Derivatives Positioning
- The BTC Futures Market have stabilized after a volatile period. Open Interest, WHICH HAD DROPED FROM $ 33 Billion to $ 23 Billion Over The Weekend, HAS NOW SETTLED AT ARUOUND $ 26 Billion. Similarly, The 3-Month Annualized Basis Has Rebounded to the 6-7% Range, after Dipping to 4-5% Over the Weekend, Indicating that the Bullish Sentiment Has Largely Returded. However, Funding Rates Remain A Key Area of Divergence; While Bybit and Hyperliquid Have Settled AROUND 10%, Binance’s Rate Is Negative.
- The BTC Options Market is Showing A Renewed Bullish Lean. The 24-Hour Put/Call Volume Has Shifted to Be More in Favor of Calls, Now at 56%. Additionally, The 1-Week 25 Delta Skew Has Risen to 2.5% After A Period of Flatness.
- TheSE Metrics Indicate A Market with Increase Demand for Bullish Exposure and Upside Protection, Reflection A Shift Away from the Recent
- Coinglass Data Shows $ 620 Million in 24 Hour Liquidations, With A 34-66 Split Between Longs and Shorts. ETH ($ 218 Million), BTC ($ 124 Million) and Sol ($ 43 Million) Were the Leaders in Terms of Nocial Liquidations. Binance Liquidation Heatmap Indicates $ 116.620 As A Core Liquidation Level to Monitor, In Case of A Price Rise.
Market Movements
- BTC IS UP 0.48% FROM 4 PM ET WEDNESDAY AT $ 115,132.15 (24hrs: 3.05%)
- ETH IS UP 0.97% AT $ 4.166.14 (24hrs: 8.96%)
- Coindesk 20 is up 0.42% AT 3.852.77 (24hrs: +6.92%)
- Ether Cesr Composite Staking Rate Is Down 98 BPS at 2.92%
- BTC FUNDING RATE IS at -0.0012% (-1.367% Annualized) on Binance
- DXY IS UP 0.13% AT 99.11
- Gold Futures Are Up 2.37% AT $ 4,095.10
- Silver Futures Are Up 5.08% AT $ 49.65
- Nikkei 225 Closed Down 1.01% AT 48,088.80
- Hang Seng Closed Down 1.52% AT 25,889.48
- FTSE IS UNCHANGED AT 9,428.00
- Euro Stoxx 50 IS Up 0.68% AT 5.568.86
- Djia Closed On Friday Down 1.90% AT 45,479.60
- S&P 500 CLOSED DOWN 2.71% AT 6,552.51
- NASDAQ composite Closed Down 3.56% AT 22,204.43
- S&P/Tsx Composite Closed Down 1.38% AT 29,850.89
- S&P 40 Latin America Closed Down 2.54% AT 2.785.96
- US 10-YEAR Treasury Rate is Down 8.9 BPS at 4.059%
- E-mini S&P 500 Futures Are Up 1.35% AT 6,684.00
- E-mini NASDAQ-100 Futures Are Up 1.88% AT 24,856.25
- E-mini Dow Jones Industrial Average Index Are Up 0.97% AT 46,150.00
Bitcoin Stats
- BTC Dominance: 59.22% (-0.44%)
- Ether to Bitcoin Ratio: 0.03617 (0.11%)
- Hashrate (Seven-Day Moving AVERAGE): 1,021 eh/s
- HashPrice (Spot): $ 48.33
- Total Fees: 2.43 BTC / $ 274,808
- CME FUTures Open Interest: 145,105 BTC
- BTC PRICED IN GOLD: 28.6 OZ
- BTC VS Gold Market Cap: 8.06%
Technical Analysis
- Following the Largest Liquidation Event in the Industry’s History, Major Cryptocurrency Prices Have Begun to Stabilize, Graduly Reverting to Levels Seen. ETH BRIEFLY DIPPED TO $ 3,400 BEFORE REBOUNDING TO RECLAIM The Weekly Range Lows AROUND $ 4,070.
- NotBly, The $ 3.400 Zone Aligns with The Ema200 on the Daily TimeFrame, Providing A Strong Technical Support. Eth is Currently Trading Near $ 4,150, Just Below The Daily Ema50.
- Bulls Will Want to See a Weekly Close Above the $ 4,070, Effectvely Establishing A Swing Low and Signalling Renewed Strength in The Trend.
Crypto equities
- Coinbase Global (Coin): CLOSED ON FRIDAY AT $ 357.01 (-7.75%)
- Circle Internet (CRCL): Closed AT $ 132.94 (-11.66%)
- Galaxy Digital (GLXY): CLOSED AT $ 39.38 (-6.73%)
- Bullish (BLSH): CLOSED AT $ 60.41 (-9.44%)
- MARA HOLDINGS (MARA): CLOSED AT $ 18.65 (-7.67%)
- Riot Platforms (Riot): CLOSED AT $ 21.01 (-5.7%)
- Core Scientific (Corz): CLOSED AT $ 18.52 (+2.66%)
- Cleanspark (CLSK): CLOSED AT $ 19.28 (-4.03%)
- Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 55.34 (-3.87%)
- Exodus Movement (Exod): Closed At $ 28.5 (-3.94%)
Crypto Treasury Companies
- Strategy (Mstr): Closed AT $ 304.79 (-4.84%)
- Semler Scientific (SMLR): CLOSED AT $ 26.8 (-5.37%)
- Sharplink Gaming (SBET): CLOSED AT $ 15.31 (-9.65%)
- UPEXI (UPXI): CLOSED AT $ 6.35 (-7.3%)
- Lite Strategy (Lits): CLOSED AT $ 2.47 (-2.76%)
ETF FlowsSPOT BTC ETFS
- Daily Net Flow: -$ 4.5 Million
- Cumulative Net Flows: $ 62.73 Billion
- Total BTC Holdings ~ 1.36 Million
Spot eth etfs
- Daily Net Flow: -$ 174.9 Million
- Cumulative Net Flows: $ 14.92 Billion
- Total Eth Holdings ~ 6.87 Million
Source: Farside Investors
While You Were Sleeping
- No, Ethena’s USDE DIDNN’T DE-PEG (COINDESK): The Supped De-Pepgging Was Only Limited To Binance While Deviations Were Much More Resstrained on Other Major Lives.
- BTC Mining FIRM MARATHON (MARA) Scoops Up 400 BTC After Price Crash, on -chain Data Show (Coindesk) Shortly After Last Friday’s Flash Crash.
- Silver Roars Higher On Short Squeze As Gold Rallies to Record (Bloomberg): Scarce Suppplies and Surging Demand in London Have Driven Traders to Fly Silver Across The Atlantic Critical Minerals, whochh Includes Silver, Intensify Pressure on Prices.
- How The United States is eating Trump’s Tariffs (Reuters): Research Tracking Hundries of Thousands of Goods SHOWS US FIRMS ABORMS Foreign Exports.
Your day-ahead look for oct. 10, 2025
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