“Conviction isn’t ignoring volatility—it’s budgeting for it.”

NARRATIVE FORMAT

QUESTION OF THE DAY

If BTC spikes to $125K then whipsaws back to $118K, what’s your pre-planned move—add, hedge, or hold? Why?

BITCOIN PRICE ACTION

• Bitcoin’s next stop could be $125K(Cointelegraph) 
• Bitcoin Shows 835% Liquidation Imbalance Amid Epic Short Squeeze (UToday) 
• Bitcoin clears $120K as onchain data points to a new BTC accumulation phase (Cointelegraph, Decrypt, CoinDesk) 
• Bitcoin futures are ‘aggressively long’ as whales return (Cointelegraph)
• Bitcoin Options Traders Show Cautious Optimism After $120,000 Breakout (BeInCrypto)
• Accumulation Trends Strengthen as Bitcoin Breaks Through $120K (CoinDesk)
• Bitcoin to $200K by End of 2025? This Cycle Indicator Points to Explosive Months Ahead (CoinDesk)
• Bitcoin chases new highs as crypto market cap crosses $4.21T (Cointelegraph) (E)
• Bitcoin Rockets to Nearly $124K, But Falls Short of Breaking Record (Decrypt) (E)
• Bitcoin (BTC) Can Even Hit $200,000, According to Popular Indicator (UToday) (E)

BITCOIN MINING

• Canaan shares surge after 50,000-rig Bitcoin mining deal (Cointelegraph) 
• CleanSpark sells $48.7M in Bitcoin, treasury tops 13K BTC in September (Cointelegraph, The Block, CoinDesk) (E)

• Bitcoin miner MARA now holds 52,850 Bitcoin worth $6.4 BILLION. 2nd largest public company Bitcoin treasury after STRATEGY 🔥 (CoinDesk) (E)

STRATEGIC RESERVE & CORPORATE TREASURY

• Strategy’s Bitcoin value soars to record $77.4B as BTC returns to $120K (Cointelegraph)

ETHEREUM

• Ethereum Foundation swapping $4.5 million in ETH for stablecoins to fuel growth (The Block) (E)

ALTCOINS

• XRP breaks above $3 on unexpected treasury announcement; triangle breakout to $3.60 (The Street, UToday) 
• BNB sets a new all-time high at $1,111 as user metrics fire up (Cointelegraph, CoinDesk)

STABLECOINS

• Stablecoin market cap surpasses $300 billion for first time amid crypto rebound (The Block)
• Circle Reports $2.4 Trillion Stablecoin Activity in Asia-Pacific (BeInCrypto)
• Low-Income New Yorkers To Receive Crypto Stipend Via Coinbase (BeInCrypto) (E)

ETFs

• BlackRock's Bitcoin ETF overtakes Deribit, proving 'ETFs are no joke' (The Street) 
• Bitcoin ETFs net inflows surge past $2 billion this week as ‘Uptober’ momentum builds (The Block)

EXCHANGES

• Coinbase Applies for Federal Trust Charter, Says Not Aiming to Be a Bank (CoinDesk, Decrypt) (E)
• Leading US-Based Exchange Coinbase Partners With Smartphone Giant Samsung To Bring Crypto to Android Wallets (The Daily Hodl), Decrypt, CoinDesk, Cointelegraph, BeInCrypto) (E)

LEGISLATION

• New York Democratic Lawmakers Want Bitcoin Miners to Pay More Tax. (Decrypt) 

VOICES

• Arthur Hayes: Bitcoin Billionaire Predicts Europe Central Bank Turmoil Will Boost BTC (Decrypt) 
• RAY DALIO: "Bitcoin is being perceived by many as an alternative money and so is worth paying attention to." "I have some in my portfolio" 👀
• Reeve Collins: All currencies will be stablecoins by 2030: Tether co-founder
• Standard Chartered: Bitcoin could reach $135,000 by next week; $200,000 by end of year 🚀 (UToday) (E)
• Peter Schiff: "Bitcoin will not recover" ... circa June 2022 at $18k 😅 (E)

WHAT TO WATCH

LISTEN TO THIS! 

Steven Lubka: Let the Super Cycle Begin | Bitcoin for Corporations | Bitcoin Magazine