Crypto Midday Report | Trump's Mild Remarks Boost BTC Back to $115,000, Market Leverage Drops to 2022 Bear Market Levels
BlockBeats News, October 13, according to on-chain AI analysis tool monitoring, driven by politics and liquidity, the crypto market experienced a technical rebound after the epic liquidation on October 11 (with $19.1 billion in liquidations). Bitcoin surged to $115,000 within 24 hours, Ethereum broke through $4,150, and the total market capitalization rebounded to $4 trillion. However, market leverage has dropped to the level of the 2022 bear market, and the risks of whale movements and institutional liquidations have not been eliminated.
Macro triggers:
- Trump's moderate remarks led to a simultaneous rebound in US stock futures and the crypto market
- The US bipartisan government budget deadlock continues, and the Bureau of Labor Statistics has confirmed that the September CPI data will be postponed to October 24
Market focus:
- The aftermath of the epic liquidation is not over. Glassnode data shows that market leverage has dropped to the level of the 2022 bear market
- Former BitForex CEO Garrett Jin is a holder of 46,000 BTC on the Hyperliquid platform, and his on-chain operations have raised concerns about selling pressure
- Multiple hedge funds have warned of potential liquidation risks, with $100,000 becoming a key support level for Bitcoin
- Stablecoins such as USDe still face residual depegging risks, and the pressure of collateral liquidation needs to be watched
Other news:
- Trump's youngest son Barron holds a 10% stake in World Liberty Financial, with this portion of shares expected to be worth $150 million
- US President Trump indirectly holds about $870 million in Bitcoin, potentially ranking among the world's largest Bitcoin investors
BlockBeats reminds investors that the crypto market has been highly volatile recently, and investors should pay attention to risk control.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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