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「In the grand scheme of things, these emotional fluctuations are just a blip on the radar. Let's keep moving forward.」
In Brief Trump's tariff threat caused a major sell-off in the crypto market. Unreported data and government shutdown intensified uncertainties among investors. Resilience in the market suggests potential for a strong recovery.
In Brief The crypto market grappled with fear after Trump's tariff announcement on China. Bitcoin prices and the Crypto Fear & Greed Index dropped significantly. Some analysts see the market's fear as a potential buying opportunity.
Ethereum spot ETFs saw $175M in outflows on October 10, while Bitcoin ETFs remained relatively stable.Bitcoin ETFs Remain ResilientWhat This Means for Investors
The crypto market briefly lost $530 billion before bouncing back to a $3.7 trillion valuation.Fast Recovery to $3.7 Trillion Market CapWhat’s Next for Crypto Investors?
- 09:30Analyst: Bitcoin price action has almost fully priced in a Fed rate cut, indicators show short-term bullish momentum has returnedChainCatcher News, CryptoQuant analyst Axel posted on social media that after bitcoin retraced to $80,000, it has resumed its bullish structure. This trend comes as the market has almost fully priced in the Federal Reserve's third consecutive rate cut, a move that will improve financial conditions and, as long as Powell does not deliver a hawkish surprise, open the window for further asset appreciation. After retracing from the October peak to the $80,000 range, the price has shown a steady upward trend over the past 14 days. The key signal is that the 200-day moving average (DMA) slope (blue histogram) has turned positive for the first time in a month, indicating that short-term bullish momentum has returned. The current price has risen above both the 50-day and 200-day moving averages, confirming the trend. The 52-week high (orange line) forms a key resistance level—once broken, it will open up space for further gains.
- 09:20Data: A certain whale went long on ETH at an average price of around $3,108, with an unrealized profit of approximately $17.26 million.According to ChainCatcher, on-chain analyst The Data Nerd (@OnchainDataNerd) has monitored that the whale with address starting 0xb31 has once again successfully predicted the market. This address opened a 5x leveraged long position on Ethereum at an average price of approximately $3,108, with a position size of about $268 million, currently holding an unrealized profit of around $17.26 million.
- 09:13UBS: AI concept stocks are expected to rise further in 2026ChainCatcher news, the UBS Wealth Management Chief Investment Office (CIO) mentioned in its "2026 Annual Outlook" that strong capital expenditure trends and accelerated AI adoption are expected to further drive up AI concept stocks. MinLan Tan, Chief Investment Officer Asia Pacific and Head of the Chief Investment Office at UBS Wealth Management, further stated: "The AI boom is developing along different paths in various regions." The United States is focusing on cutting-edge infrastructure and large models, while China emphasizes algorithm efficiency, technological self-reliance, and industrial applications. This means that potential beneficiaries along the technology supply chain may also differ by region."