Gold Cracks, Bitcoin Reacts

DAILY MARKET OVERVIEW

Gold Loses Shine

👋 Hey, Crypto Enthusiasts! The scales may be shifting in the asset world - let’s explore!

After months of gold stealing the spotlight, Bitcoin is finally showing signs of life. While gold has been on a relentless run higher, BTC had been stuck in a quiet range - until today.

🔻 Gold just printed a massive -5% daily candle, one of its sharpest single-day drops in months. Almost instantly, BTC caught a bid and pushed higher, hinting that the long-awaited BTC/Gold catch-up trade may be starting to play out.

The last time gold paused for breath was back in April 2025, and during that consolidation, BTC climbed from $75K to over $110K+.

If we see gold continue to cool off or consolidate here, there could be room for Bitcoin to push further - potentially toward the $150K zone.

For now, the key variable is gold’s behavior in the coming weeks. If the metal continues to slide, capital rotation into BTC could accelerate. But if gold bounces strongly, this rally could lose steam just as fast as it started.

⚠️ The move in BTC was quicker than expected, and such fast rallies often invite volatility. We’re staying cautious - watching for signs of exhaustion or fading momentum before assuming this is the next leg higher.

THIS NEWSLETTER IS BROUGHT TO YOU BY:
OPENWALLET

Next-level security for your digital assets

Experience top security with Open Wallet. Your wallet blends user-friendliness with strong security.

SOCIAL SENTIMENT

Altcoins Still Need Time

With Bitcoin back in the spotlight as a potential successor to gold, alts are likely to stay in the passenger seat for now. 

• BTC dominance is trending higher, suggesting capital continues to flow toward strength rather than speculation.

We’re keeping an eye on a few names that could stand out once the dust settles:

• Chainlink (LINK): quietly deepening integrations with traditional finance players like SWIFT, bridging real-world data to crypto - still underappreciated by the market.

• XPL: took a heavy drawdown and now sits at lows, but the stablecoin narrative remains strong. As a chain positioned around stablecoin infrastructure, XPL could benefit if that trend continues.

• HYPE: remains the leading DEX and has shown resilience, but with a $50M+ wallet selling and a major unlock next month, we’re monitoring closely how the team manages token flow and market stability.

🟠 Overall, it’s BTC’s show for now. Altcoins may get their moment once Bitcoin cools off, but patience remains key. The next few weeks - and gold’s response - will tell us whether this rotation has real legs or is just another head fake.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Coinbase Buys Echo for $375 Million
Coinbase is acquiring onchain investment platform Echo for $375 million in cash and stock, expanding its ecosystem with its eighth deal this year.

Former Ethereum Developer Questions Buterin’s Power
Ex-Ethereum Foundation lead Péter Szilágyi sparked debate after claiming Vitalik Buterin and a small inner circle control most major Ethereum projects.

Aave Dominates Ethereum Lending With $25 Billion in Loans
Aave now holds 82% of all lending activity on Ethereum, with $25 billion in outstanding loans and nearly 1,000 daily borrowers.

Fed Governor Waller Pushes for Pro-Crypto Payment Innovation
Federal Reserve Governor Christopher Waller called for integrating crypto into U.S. payments and proposed a new “skinny master account” for fintechs.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Altcoin Daily – Cathie Wood & Tom Lee SPILLS THE BEANS (21.10.2025 Summary)

Altcoin Daily highlights how institutional investors and top analysts remain bullish on Bitcoin and Ethereum. Despite current market weakness, the long-term outlook is strong, with key figures like Cathie Wood and Tom Lee offering massive price targets and dispelling common misconceptions.

Altcoin Daily’s Outlook – Key Points

• ETH to $60K? – Some projections suggest Ethereum could hit $60K per token long-term, driven by its growing role as a monetary base in the L2 ecosystem.

• L2s strengthen ETH, not weaken it – Tom Lee argues Ethereum benefits from layer 2 adoption, similar to how the dollar benefits from being used in global trade.

• Institutions are accumulating – BlackRock just bought another $45M in ETH, and is launching Bitcoin-linked products in the UK. Sovereign wealth funds are discussing crypto allocations.

• Cathie Wood’s Bitcoin targets – ARK Invest’s bull case for BTC is $1.5M in 5 years and up to $3.8M based on portfolio theory modeling.

• Paul Tudor Jones still bullish – The billionaire investor remains positive on Bitcoin and gold, citing strong long-term fundamentals.

• BTC outperforms traditional assets – Even those who bought the 2021 top and DCA’d since have outperformed stocks and gold.

Final Takeaway

The pros are still in. Institutions are buying, major investors are projecting 10x moves, and the smart money is quietly loading up. Long-term, the fundamentals remain bullish for both BTC and ETH.

Bankless – The Onchain Data That Explains What's Happening (21.10.2025 Summary)

Bankless host Ryan interviews Mike Nadeau from the DeFi Report to explore whether the current crypto cycle has peaked. Mike, a data-driven investor who’s been long crypto for most of the cycle, has now shifted into a majority cash position and outlines the signs he believes point to a late-cycle environment.

Mike’s Outlook – Key Points

• Risk-Off Positioning – Mike moved from 20% to 70% cash just before the recent flash crash, citing excessive leverage, weakening on-chain activity, and lack of new buyers.

• Cycle Timing – According to his analysis, we are 1,065 days into this cycle, longer than prior expansions. Realized profits suggest the top may already be in.

• ETH Still Has Room – Ethereum has underperformed in realized profit terms compared to the last cycle, possibly indicating its rally isn’t over yet.

• Bitcoin Holding Up – For Now – BTC has held above the key 50-week moving average (~$102K). If it breaks below that, the market could shift decisively bearish.

• Leverage is Dangerously High – Futures leverage ratios for ETH and others have exceeded last cycle’s levels, setting up risk for liquidations.

• Catalyst Missing for a Melt-Up – Without a new macro catalyst like stimulus checks or aggressive rate cuts, Mike doubts BTC will reach $150K or ETH $10K.

Final Takeaway

Mike is long-term bullish but short-term cautious. He believes the current setup favors booking profits and preparing for a potential bear market, unless new catalysts emerge. His main advice: don’t get caught chasing euphoria late in the cycle – better opportunities may come with patience.

CRYPTO MEMES

HELP US IMPROVE

WE ALSO READ