Crypto news

By 2 p.m. Eastern, BTC was down 2%, Ethereum (ETH) had belly-flopped 3.8%, and traders were watching smaller coins perform a tap-dancing act on the scoreboard.

On the illustrious Thursday of October 6th, the eagle-eyed chronicler Lookonchain announced that BlackRock, in a show of shimmering activity, had transferred no less than 4,653 BTC and 57,455 ETH into the agreeable bosom of Coinbase Prime. How very Circean of them, turning wealth into whispers! 🎩

And guess who’s losing sleep over this? Oh, just Bitcoin miners, who now have to wonder what this could mean for their precious electricity bills. 😬

Traders, those ever-anxious creatures, are clutching their calculators and refreshing their screens like it’s Black Friday. Stocks and crypto are bracing for impact, because let’s face it, when Trump sneezes, the global economy catches a cold. 🤧💸

HTX Research, that most diligent of crypto scribes, has penned a treatise on these digital chrysalises-perpetual DEXs-and their evolution from timid larvae to market-dominating butterflies. Spoiler: it’s less “revolution” and more “glorified order book cosplay.”

With Bitcoin’s recovery, the market’s feverish dreams have turned to QNT, a token as enigmatic as a riddle wrapped in a mystery. Stakeholders, those wise old owls of finance, whisper of bullish winds, but one wonders if they’ve been sipping too much of the same old Kool-Aid. 🧙‍♂️

Market sage JA Maartunn, known for his flair for the dramatic, announces we are entering a “mid-bull phase,” a fancy way of saying-LTHs are finally saying, “Time to take a break,” after stuffing their virtual wallets for months. As he wryly notes, “LTHs build bottoms; STHs build tops,” which sounds like a poetic way of describing an old man planting a tree just as the young sprout theirs.

Bitcoin’s still hanging around $103,000 like a bad houseguest who won’t leave. 🤦‍♂️ Meanwhile, ZEC, ICP, and QNT are up 18%-probably because they’re the only ones with a pulse. 💃

The 1-hour chart, my loves, reveals a microstructure as dramatic as a Coward play-a V-shaped recovery following a sharp downward flush below $99,000. The rebound, while swift, has since slowed into a sideways range, defined by lower highs and weakening volume. Buyer fatigue, darlings? It’s as clear as a martini at midnight. 🍸