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1Bitget Daily Digest（October 13）｜Portal to Bitcoin mainnet launch and $50M funding; BTC and ETH rebound in short term, over $8.5B liquidated in 24 hours; 2XRP Targets $5.25 After Holding Strong Near the $1.5 Assembly Zone3Clues of the "End of the Bull Market": The "Bull's Tail" Is the Fattest and Everyone Is Bullish
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180 Life Sciences ETH: A Bold $349 Million Plunge into Ethereum
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Ether eyes $5k as price holds above $4,200; Check forecast
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Why XRP price has failed to breakout despite SEC settlement
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Flash
- 18:11Data: If ETH falls below $4,012, the cumulative long liquidation intensity on major CEXs will reach $1.835 billionsAccording to ChainCatcher, citing Coinglass data, if ETH falls below $4,012, the cumulative long liquidation intensity on major CEXs will reach $1.835 billions. Conversely, if ETH breaks above $4,404, the cumulative short liquidation intensity on major CEXs will reach $907 millions.
- 18:11BTC surpasses $115,000Jinse Finance reported that according to market data, BTC has surpassed $115,000 and is now quoted at $115,052.88, with a 24-hour increase of 1.11%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 17:43Garrett Jin: Trading platforms that take the lead in establishing stable funds will attract capital inflows and drive industry developmentBlockBeats News, October 13, the whale Garrett Jin, who previously made headlines by selling over $4.23 billions worth of BTC to switch positions to ETH, posted that "A deeper issue in the crypto industry is that trading platforms offer high leverage on assets lacking intrinsic value to meet user demand and increase profits. Such high leverage previously only existed in the forex market, where underlying assets have value support, lower volatility, and liquidity is provided by banks." If trading platforms continue to offer extremely high leverage, they should at least establish mechanisms similar to stabilization funds, as in the US stock market, to provide liquidity support during crises. Only in this way can trust be rebuilt, capital be attracted to return, and healthy market development be promoted. The crash on October 11 once again proved that under extreme volatility, the market is in urgent need of liquidity support. Trading platforms that take the lead in establishing stabilization funds will not only attract capital inflows but also drive the entire industry forward."