BlockBeats News, October 13th, according to on-chain AI analysis tool Coinbob monitoring, driven by political and liquidity factors, the crypto market experienced a technical rebound after the epic liquidation on October 11th (191 billion USD in liquidations). Bitcoin surged to $115,000 within 24 hours, Ethereum broke through $4,150, and the total market cap rose to $4 trillion. However, the market’s leverage ratio has dropped to the bear market level of 2022, and the risks of whale movements and institutional liquidations have not been eliminated.
Macro Triggers:
– Trump’s mild remarks drove a synchronous rebound in US stock futures and the crypto market
– The U.S. bipartisan government budget deadlock continues, and the Bureau of Labor Statistics has confirmed that September CPI data will be delayed until October 24th
Market Focus:
– The aftermath of the epic liquidation is not over. Glassnode data shows that the market’s leverage ratio has dropped to the bear market level of 2022
– Former BitForex CEO Garrett Jin, holding 46,000 BTC for the Hyperliquid platform, sparked selling pressure concerns through on-chain transactions
– Several hedge funds warn of potential liquidation risks, with $100,000 as a key support level for Bitcoin
– Stablecoins like USDe still face residual anchoring risks, and caution is needed against collateral liquidation pressure
Other News:
– Trump’s youngest son Barron holds a 10% stake in World Liberty Financial, with this stake expected to be worth $150 million
– U.S. President Trump indirectly holds around $870 million in Bitcoin, potentially making him one of the world’s largest Bitcoin investors
BlockBeats reminds investors that the recent cryptocurrency market has been highly volatile, and investors need to pay attention to risk control.
