🗣 #BTC JPMorgan confirms it will offer Bitcoin trading to clients, but says it’s not yet interested in Bitcoin custody.

📊👀 #BTC Glassnode Report: Despite the severity of record liquidations, the overall market structure remains intact. Spot trading volumes remain strong, inflows into ETF's continue, and company-adjusted transfer volumes signal robust online activity.

Overall, the deleveraging marks a significant but necessary reset in the BTC market. Excessive leverage has been eliminated, speculative positions have been reduced, and short-term sentiment has been revised. The market is entering a consolidation phase.

💵 1 billion #USDT minted at Tether Treasury

🗽👀 #BTC Forbes reports that US President Donald Trump holds around $870 million in Bitcoin through his 41% stake in Trump Media & Technology Group, making him one of the world’s largest private Bitcoin holders.

📊👀 #BTC CQ: Short-Term Holders sent 46,524 BTC to exchanges in the last 24 hours:

— 32,279 BTC were in profit
— 14,245 BTC were at a loss

Some are locking in gains, others cutting losses. Typical rebalacing after the recent dip.

📊 #BTC CQ: Retail traders sent $1.359B to Binance on October 11, one of the largest spikes of the year, as panic followed Trump’s 100% tariff announcement on Chinese imports.

💸 CryptoRank: Top 10 Largest Liquidation In Crypto History

📊📉 #BTC and #ETH open interest is sharply down since last Friday: the equivalent to -77K Bitcoin and 1.67M Ethereum.

More importantly, traders have not returned, as seen by the low open interest. x

👀 #BTC needs to 12X to match Gold's market cap.

📊🤔 #BTC Swissblock: This is what a real capitulation looks like. Massive realized losses, forced selling, systemic panic.

Terra/Luna, Celsius, FTX: each marked true on-chain capitulation, not just leverage unwinds and manipulation.

🇨🇳🇺🇸 #tradewars China says it will "fight to the end" if the U.S. wants a trade war.

🇺🇸🕹 Analysts at TD Cowen said senators are slow to act on the cryptocurrency market structure bill, and that could delay the bill until after the midterm elections. theblock.co #regulation

📉 #BTC #ETH #ETF Yesterday, total net outflows of spot BTC-ETFs totaled ~$326.4 million.

Total net outflows of spot ETH-ETFs amounted to ~$428.5 mln.

👍 JPMorgan plans to offer cryptocurrency trading to customers. cointelegraph

🤔 #BTC BlackRock CEO Larry Fink said he overvalued BTC, calling the cryptocurrency an "alternative asset like gold." Fink said BTC is "not a bad asset," but it shouldn't take up a large share of portfolios. decrypt

📈🔮 #POLY #UMA In September, trading volume on Kalshi and Polymarket reached a record $1.44 billion dollars, reflecting growing interest from the general public. theblock.co

📊 Santiment: marked with arrows the 4 most negative days since March, the last of which came on Friday after the US announced 100% duties on China.
In all of these cases, FUD took over because of world events that the market overreacted to. Smart traders bought up more while the crowd was in a panic on each of these dates.

📈 #ETH In 2025, Ethereum had an average of 720,000 unique senders of stablecoins per week, and in the last two weeks that number has surpassed 1 million unique senders. theblock

🇧🇹 #ETH #POL Bhutan is migrating its national identity system from Polygon to Ethereum. cointelegraph

🔍🐳 Whale Transactions:

1. hackers bought another 9,240 #ETH ($39.45 million) at an average price of $4269;
2. Bitcoin OG , who shorted #BTC and #ETH before the market crashed, earning >$160 million, is increasing shorting BTC again. Current position: 3,440 BTC ($392.67 million). Liquidation price: $128,030.

💸 #BTC Over the past 24 hours, ~$627M worth of contracts have been liquidated, of which longs have liquidated ~$425M and shorts ~$202M.