Correction Mode Continues

DAILY MARKET OVERVIEW

The Dip Continues

👋 Hey, Crypto Enthusiasts! Yesterday brought one of the more notable dips since Bitcoin’s run to a new all-time high at $125k, so let’s see where things stand.

📉 As expected, BTC revisited the $118k–$120k range, briefly dipping to $120,600 before bouncing sharply. However, this move looks more like a short-term relief than a full recovery.

The $123k level is currently acting as a strong resistance zone.

• If BTC fails to reclaim it convincingly, the next area to watch is the $118k support.

• A clean breakdown below that could open the door for an even bigger dip.

💰 Despite the dip, ETF inflows remain impressive. 

Bitcoin ETFs recorded another $875 million in inflows yesterday, while Ethereum saw $417 million. Institutional demand continues to be a major force behind market stability, suggesting that dips might still be seen as buying opportunities rather than trend reversals.

🪙 On the altcoin front, things are still not looking ready. BTC dominance continues to climb and is now approaching 59%. Historically, a rise toward 60% has often signaled delayed altcoin momentum. Until BTC finds a stable range, we’re taking things slow and avoiding unnecessary risk on alts.

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SOCIAL SENTIMENT

🤔 The Next Big Drop

While the market is digesting recent moves, social chatter is heating up around a new potential catalyst – the Monad airdrop.

• Monad, a new Layer 1 blockchain, claims to have solved the blockchain trilemma by balancing decentralization, security, and scalability.

• It’s built to handle high throughput (up to 10,000 TPS) while remaining compatible with the EVM, meaning developers can easily port over existing Ethereum applications.

According to Monad’s official X account, the team says they are about 98% ready for the airdrop to go live. If true, this could quickly become the most talked-about event in the market over the next few weeks.

What’s interesting is that Monad is already trading pre-launch on Hyperliquid, giving early speculators a chance to price in hype before tokens officially hit the market.

We’ll be closely watching how the airdrop rollout is structured, how tokenomics are distributed between early adopters and the team, and how liquidity forms post-launch. These details will play a huge role in determining whether Monad is a short-term hype event or a long-term contender in the L1 space.

👀 Expect more coverage soon as the drop goes live – along with a deeper look into potential ecosystem plays and early project opportunities.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Ethena and Jupiter Partner to Launch Native Solana Stablecoin JupUSD
Ethena and Jupiter will launch JupUSD, a new Solana-based stablecoin backed by USDtb and integrated across Jupiter’s ecosystem.

MetaMask Rolls Out Perpetuals Trading, Plans Polymarket Integration
MetaMask added perpetuals trading powered by Hyperliquid and plans to integrate Polymarket’s prediction markets later this year.

Bitwise Predicts Record Bitcoin ETF Inflows in Q4 as ‘Debasement Trade’ Grows
Bitwise expects U.S. bitcoin ETFs to break inflow records in Q4 as advisors and investors chase the “debasement trade.”

Changpeng Zhao’s YZi Labs Announces $1 Billion Fund for BNB Chain Developers
YZi Labs unveiled a $1 billion fund for BNB Chain projects in DeFi, AI, real-world assets, and more, with grants up to $500,000.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Ethereum: Dubious Speculation (08.10.2025 Summary)

Benjamin Cowen sees Ethereum in a frustrating holding pattern, trading in the same range for months. But that may soon change. In his latest update, Cowen explains why ETH is chopping sideways, what it needs to break out, and how Bitcoin dominance ties into the next major move.

Cowen’s Outlook – Key Points

• ETH is range-bound around $4,500 and struggling to break resistance from prior cycle highs

• Cowen expects continued sideways action until the bull market support band (20W SMA + 21W EMA) catches up

• Once it does, ETH will be forced to decide - likely breaking to a new all-time high unless a strong bearish trigger appears

• He warns ETH can lag behind Bitcoin, as seen in 2017 when BTC broke out but ETH waited for technical support

• Bitcoin dominance rising is healthy in his view - it signals capital flowing into the strongest asset before altcoins follow

• A short pullback or pause could still happen if macro surprises hit - e.g., Bank of Japan rate hike or end of the US gov shutdown

• Cowen expects Ethereum to rally into the cycle top, then sees a 2026 bear market beginning after that

Final Takeaway

ETH isn’t ready yet, but the breakout is coming. Cowen’s base case is: more chop, then liftoff - unless macro risk derails it.

Lark Davis – Why 2026 Will Be The Last (Easy) Year For Making Money (08.10.2025 Summary)

Lark Davis believes we’re in the final phase of easy crypto profits. The market is hot, liquidity is flowing, and 2026 could be the peak of this cycle. But after that? A brutal crash might hit harder than anything we’ve seen before.

Lark’s Outlook – Key Points

• We’re late, but not done – crypto and stocks still have room to run, with liquidity driving prices higher

• 2026 could mark the top – macro signals suggest the blow-off top will come next year, likely in the second half

• Veterans are sounding the alarm – even Paul Tudor Jones expects a steep crash once the top is in

• Liquidity is the driver – money printing has pumped assets, but when it rolls over, so will markets

• Stock market bubble helps crypto – equities still have room to grow, and crypto rides the same wave

• AI boom adds risk – millions of jobs may vanish, triggering a deep recession that could crush risk assets

• Crypto treasury firms are fragile – many smaller ones could panic sell at the bottom if prices collapse

• Key takeaway: take profits – Lark urges discipline now so you're ready to buy again when the market crashes

Final Takeaway

The opportunity window is open, but it won’t stay that way. Lark says to ride the wave, take profits, and be ready for the storm that follows.

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