🪒 Bitcoin crashed below $105,000, a large number of altcoins hit new lows on October 11 — mass liquidations of long positions began on exchanges.

For example, a whale on the HTX exchange had a long position liquidated for almost $48,000,000 in a single order (in the BTC/USDT pair).

👻 The fear and greed index has dropped to 21 — extreme fear.

🩸 Bitcoin has crashed below $100,000 for the first time in 4 months.

📉 If Bitcoin does not hold above the $100,000 mark, the price may drop to $72,000 — CryptoQuant

After a record $20 billion liquidation on October 10, demand for cryptocurrency has noticeably weakened — spot purchases are decreasing, outflows from ETFs continue, and BTC is trading at a discount on Coinbase. The Bull Score index fell to 20 out of 100, signaling a strongly bearish market sentiment.

Nevertheless, analysts note that the $100,000 level is more psychological in nature: record inflows into Bitcoin ETFs, growth in corporate balances, and a possible end to the Fed's QT policy could become drivers of recovery.

🔮 Arthur Hayes in a new essay stated that the Fed will soon start the "printing press," after which Bitcoin, according to him, will "go to the Moon".

He expects sharp volatility due to a possible shutdown and believes that many traders mistakenly rely on outdated 4-year cycles, so they will prematurely sell BTC.

🇯🇵 Metaplanet plans to raise $100,000,000 secured by BTC to buy even more BTC.

Over the past month, the company's shares have plummeted by 29%.

🇻🇳 Tether and the authorities of the Vietnamese city of Da Nang signed a cooperation agreement to develop digital infrastructure and implement modern management technologies in the city.

The authorities plan to use blockchain solutions to improve the operation of services and utilities, and Tether will assist with experience and technologies.

🇺🇸 Trump stated that cryptocurrency reduces pressure on the dollar.

🐹 Outflows from spot Bitcoin ETFs and Ethereum ETFs have continued for 6 consecutive days.