🚨In the third quarter, the largest investment funds, including BlackRock, Vanguard and Fidelity, actively sold off shares of Strategy (MSTR)

JPMorgan previously warned that MSTR shares could be removed from major indexes such as MSCI USA and the Nasdaq 100.

👀Second weekly close below the 50-week moving average

Bad news for the bulls.

🐻$3.6 billion of liquidations as BTC rises to $92,000

The liquidation map clearly shows a large cluster of shorts of over $3.6 billion that will be liquidated if Bitcoin reaches $92,000.

This is an important liquidity area, and the market will often gravitate to where a large number of liquidations can be collected. If BTC continues to move towards $92,000 it could trigger a strong upward momentum.

📈Bitcoin volatility has increased sharply

BTC-volatility jumped to the level of 60. This has not happened since the times when the market was still actively driven by options, before the advent of spot ETFs. This may be a signal that the market is returning to more aggressive, “optional” dynamics.

An increase in volatility often precedes strong movements. If options begin to draw liquidity and move the market, we can get an excellent start to a new upward movement.

😈 Déjà vu again

🪙Ether is trading around $2,840 and has confidently rebounded from the $2,760–$2,785 block order that we noted yesterday

Now the price is expected to return to the level of $2,800 to collect local liquidity - this will create a more stable base and allow the market to accumulate volume for further growth.

To continue the upward movement, it is important to consolidate above $2,900–$2,950. In this case, Ether will be able to move towards liquidity in the $3,020–$3,080 zone.

💎Eric Balchunas reported that 5 spot ETFs for altcoins will be released in the next 6 days

— Grayscale’s Dogecoin ETF launches today.
— ETFs for XRP, DOGE and LINK from Grayscale, Bitwise and Franklin Templeton are also expected.

The market is preparing for a series of new listings.

🪙Bitcoin shows impulse growth

BTC has risen 3% in recent hours and is trading around $88,600. Now the price is within the daily imbalance $87,400–$88,900.

To continue the upward movement, it is important to see consolidation above this zone - then we can expect growth to $93,700, where a large accumulation of liquidations is concentrated.

Here's a reminder of what a bearish trend looks like for experienced investors who accumulate crypto at low prices:

☕ Morning market review

Bloody Monday did not happen, we will see how the market behaves further.

🪙BTC $87,396
🪙ETH $2,900

Fear Index 15
Altseason index 21
Bitcoin dominance58.8%

Growth leader: KAS +24%
Leader of the fall:M -7%
⚰️Liquidations: $338 million

The market will surprise everyone; people in fear often do not see the big picture. This is normal, but you shouldn't let your emotions guide your decisions.

🤑$SUIfinally shows a confident rebound

RSI on the 3D and 1D timeframes has reached its lowest levels since 2023 - it has not been in such an oversold state for a long time.

🎯Target No. 1 - zone $1.9–$2.2.

Macro target$SUI now - 3$👀

Yes, all the goals were nicer and bigger not so long ago. But the market crash on October 10th took away the rosy prospects in many respects.

😳$HYPE and $SUI are two of the strongest projects of the current cycle, but neither of them reached the $20 billion market capitalization

For comparison: in the last cycle, even $UNI had 23 billion, and projects such as $SOL (74 billion), $DOT (53 billion), $BNB (109 billion) and $ADA (90 billion) rose much higher.

Very weak cycle...😕

👀I am looking at open interest from October 10

Open interest (OI) dropped by $29.7 billion per day, and there is no particularly active influx of new funds, despite the fact that we see a slight increase.

That’s why the picture turns out to be very ambiguous and that’s why I don’t want to rush into long trades. But there will be another weekend in the USA, which means there will be even less liquidity and there is a possibility of price manipulation in any direction.

🪙Yesterday Bitcoin added 3% and is trading around $86,900

Now the price is in the imbalance zone of $86,700–$88,200, from where it is logical to expect a reversal attempt.

Scenario without changes: I want to see an overlap of this range and after that a return to growth.

To continue the upward movement, BTC needs to recover and consolidate above $88,200–$88,400—the zone of local breakdown of the structure. Then the path to liquidity in the $90,000–$92,000 area will open.

🪙By ETH locally

Ethereum is hovering around $2,900 and has already closed the imbalance of $2,920–$2,960. Now the price is testing the lower border of the zone and is showing the first attempt at a reversal.

Ideally, see another slight decline to gain liquidity below local minimums in order to form a more confident upward movement.

To confirm the bullish scenario, ETH needs to consolidate above $2,950. This will open the way to liquidity at $3,040–$3,080, the next resistance zone.

🚀 In December, the USDC stablecoin and CCTP v2 protocol from Circle will be integrated into the Starknet ecosystem.

The integration will take place with the support of LayerZero using the Stargate bridge.

Briefly about what is happening in the crypto market:

☕ Morning market review

For now, there is every chance of getting a good rebound further.

🪙BTC $87,420
🪙ETH 2,945$

Fear Index 15
Altseason index 25
Bitcoin dominance58.69%

Growth leader: MON +38%
Leader of the decline:ZEC -2%
⚰️Liquidations: $302 million

To continue growth, it is important for us to gain a foothold above $94k. Then there is every chance of returning to the most important resistance level of $107k. In other situations we are still at risk of falling.

🐻Sellers are running out of steam

RSI dropped to 18.8 - this is deeply oversold, where a local bottom usually forms and the market is preparing for a reversal.

At the same time, Spot CVD rose to $216.6 million, which indicates a weakening of selling pressure: the market is no longer falling on market sales.

Now it is clear that sellers are almost exhausted, and buyers are starting to carefully take away liquidity. This increases the likelihood of a reversal movement.

🪙By cuetka locally

Bitcoin is trading around $86,800 and continues to consolidate, gradually descending to gain liquidity. Below is an order block in the $85,500–$84,600 zone, where the price is highly likely to go.

I expect a decline towards this block to remove liquidity under local minimums - such a retest often becomes the start of a new upward impulse.

To confirm the bullish scenario, it is important for BTC to return and consolidate above $88,000. Then the market will be able to open a movement towards the targets of $90,000–$92,000.

📊 Strategy is confident that its business model will remain stable even if Bitcoin comes under significant pressure.

If the Bitcoin price falls to $74,000, the asset to convertible debt ratio will remain at 5.9x, which is in line with their internal Bitcoin debt rating.

Even if the price were reduced to $25,000, this would still be 2.0x.