DAILY MARKET OVERVIEW
Markets Reset
👋 Hey, Crypto Enthusiasts! The market’s still feeling the shock from the Black-Friday crash, the biggest leverage flush since 2024.
What went wrong? Leverage was everywhere. Traders were stacked long on the Gold/BTC catch-up narrative, expecting Bitcoin to follow gold’s strength. When volatility hit, that trade collapsed instantly. Liquidations ripped through the system and liquidity vanished.
⌚️ Now we’re in reset mode.
Open interest across Bitcoin and altcoins has been sliced in half, volatility is back, and traders are being forced to rethink positioning. The entire market just got a reality check on how fragile liquidity really is when everyone’s on the same side of the trade.
Still, the macro picture hasn’t broken. The broader rate-cut cycle is still intact, gold remains strong, and structurally this looks more like a reset than a trend reversal. The problem is time. The flush pushed momentum forward by months, and with institutional buyers quiet, the market needs a new source of demand before any real recovery can start.
In 2024 that bid came from MSTR and DAT inflows, but those have cooled off, ETF flows are slowing, and it’s unclear who’s stepping up next. Until then, expect slower, choppier action.
We’re now entering what looks like chop season - smaller moves, tighter ranges, and shorter trades.
Perp DEXes are one of the few sectors still showing energy. Hyperliquid (HYPE) held up better than most but wasn’t spared. Open interest dropped roughly 50%, and competition is heating up fast. Lighter, Aster, and others are lining up with launches in the next couple of months.
It’s becoming a pure PvP environment - protocols competing for the same users, volume, and attention.
Overall the market’s been cleaned out, leverage is gone, and confidence took a hit. But this kind of reset often sets the stage for the next move.
The opportunity hasn’t vanished it just needs some time to develop again.
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SOCIAL SENTIMENT
FUD is Spreading
The market’s still dripping with fear. And right now, a lot of it’s aimed squarely at Binance.
The FTX comparisons are everywhere.
Rumors are flying about possible.
FBI domain seizure
Freezing of funds
Withdrawals halted pending hearings
People are calling this the largest liquidation event in crypto history, over $100 billion, and much of the blame is being pinned on Binance’s internal systems.
Reports claim faulty internal price oracles caused multiple tokens to lose peg only on Binance, triggering cascades that wiped out whales and funds alike.
Whether or not that’s fully true, the smart move is clear: remove funds and sit out for a while until things settle.
This kind of centralized failure doesn’t vanish quietly. The scars will linger, and contagion risk is still high. Billions of dollars have been leaving exchanges over the past 7 days with Binance at the forefront with $23b in outflows.
Stay nimble. Stay liquid. And stay safe out there.
NEWS OVERVIEW
The Latest Crypto Headlines 📰
Larry Fink Says Crypto and Tokenization Are Just Getting Started
BlackRock’s Larry Fink says ETFs were only the beginning, with tokenization set to drive the next wave of crypto adoption.
Cloudflare Partners with Visa, Mastercard, and AmEx for AI Payment Rails
Cloudflare is teaming up with major payment networks to build secure systems for AI agents to shop and pay autonomously.
Japan Plans to Ban Insider Trading in Crypto
Japan’s regulators are drafting new laws to outlaw insider trading in crypto, tightening oversight of its growing digital market.
Coinbase Invests in CoinDCX at $2.45 Billion Valuation
Coinbase has made a fresh investment in India’s CoinDCX exchange to expand its presence in Asia’s fast-growing crypto market.
YOUTUBE INFLUENCER SUMMARY
Summary From The Top Influencers 📷️
Benjamin Cowen – Altcoins and the end of QT (15.10.2025 Summary)
Benjamin Cowen explores what the end of quantitative tightening (QT) could mean for altcoins. He argues that altcoin strength usually returns after QT ends, but warns that Bitcoin must first confirm the cycle is still alive. Until then, holding BTC remains the safer play.
Benjamin’s Outlook – Key Points
Altcoins stay weak during QT – Just like in 2019, altcoins have bled against Bitcoin while QT is active. The trend may reverse only once QT ends.
QT could end soon – Jerome Powell signaled that balance sheet contraction may stop in the coming months, possibly triggering a shift in market dynamics.
Two possible outcomes
Option 1: Bitcoin breaks to new highs – altcoin pairs may finally bounce (late 2025).
Option 2: Bitcoin drops to the 50-week SMA – altcoins would crash harder.
BTC is the safer bet – Whether Bitcoin rises or falls, Cowen says holding BTC reduces downside risk versus altcoins, which often drop 40-50% during corrections.
Altseason needs confirmation – A real altcoin season won’t begin until Bitcoin makes a new cycle high. Cowen warns that calls for early altseasons have been premature.
Final Takeaway
Until QT ends and Bitcoin proves the cycle is intact, Cowen recommends staying heavy in BTC. If BTC rallies to new highs, rotating into alts may make sense. If not, Bitcoin still offers better protection in a downturn.
Lark Davis – When Will Crypto Recover? [Here’s What the Data Says] (15.10.2025 Summary)
Lark Davis dives into the aftermath of last week’s brutal crypto crash, calling it the biggest liquidation event in history. Instead of panicking, he compares it with past crashes to assess how long recovery might take. His outlook? This isn’t the start of a new bear market - we may be back on track in under three months.
Lark’s Outlook – Key Points
Historical crashes recovered fast – Past major liquidations (like May 2021 or FTX) saw full recovery in 1.5 to 3 months. Only the Terra Luna crash took much longer.
This crash wiped $880B – That’s 21% of the market in a single day, but not unprecedented when compared to earlier crashes in crypto history.
Macro conditions support recovery – Rate cuts, rising liquidity, and strong global markets suggest this isn’t a bear market start.
Cycle debate matters – If this is an extended cycle (not the old 4-year pattern), crypto should recover fast. If the 4-year cycle still holds, a new multi-year bear market could be forming.
Key level: $4.13T market cap – If crypto reclaims this level in the next 90 days, Lark says it’s proof we’re in an extended cycle and likely heading into a strong 2026.
Final Takeaway
Lark believes we’re in a new, longer macro-driven cycle - not another crypto winter. He expects the market to recover fully within 90 days, setting up 2026 as a big year for crypto and stocks.
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The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.