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Crypto Market
|
Crypto |
BTC |
ETH |
|
Weekly High |
$ 126,080 |
$ 4,748 |
|
Weekly Low |
$ 109,883 |
$ 3,687 |
BTC and ETH Market Insight
Last Friday the cryptocurrency market experienced one of its most dramatic liquidations in history, erasing over $890 billion in total market capitalization.As of October 11, 2025, the global market cap stands at $3.75 trillion, down sharply from recent peaks above $4.6 trillion. Trading volume surged to $525 billion, up 168%, reflecting panic selling and forced liquidations totaling $9.4 billion—the highest single-day figure on record, surpassing the 2022 FTX collapse and the 2020 COVID crash. Bitcoin's dominance rose to 59.63%, signaling a flight to safety amid altcoin carnage.The trigger was U.S. President Donald Trump's announcement of 100% tariffs on Chinese imports, escalating trade tensions. Despite the rout, signs of stabilization emerged. BTC held key support at $110,000-$111,000, and implied volatility peaked before easing, suggesting exhausted sellers.
Upcoming Macro Calendar - Source: Trading Economics
Options Market
The crypto market underwent a sharp pullback late Friday with a massive liquidation cascade sparked by President Donald Trump's announcement of new import tariffs targeting China and other nations. This fueled a broad risk-off sentiment across asset classes. Front-end implied volatility surged alongside realized volatility. BTC's put skew shifted positive across the entire term structure, signaling heightened downside protection. ETH's put skew turned positive in the near term, while maintaining a bullish outlook in the mid-to-long term.
Altcoins and Blockchain News
- The Nasdaq in the U.S. stock market plummeted 3.5%, marking its largest decline since April; over $19 billion in crypto market contracts were liquidated, affecting more than 1.62 million traders.
- According to Bloomberg citing insiders, HashKey Group, the operator of Hong Kong’s largest licensed crypto exchange, has secretly filed for an initial public offering (IPO) in Hong Kong.
- Hong Kong Monetary Authority: Regularized pilot for cross-border credit information sharing in the Greater Bay Area is underway, with blockchain nodes established in both Hong Kong and Shenzhen.
- Hyperliquid has launched 'Based Streams', a live streaming platform that integrates creator content with real-time trading interaction.
- The Bank of England plans to exempt proposed corporate stablecoin holding limits.
- Polymarket has received a $2 billion strategic investment from the parent company of the New York Stock Exchange, valuing it at $9 billion post-money.
- Prediction market platform Kalshi has completed a $300 million funding round at a $5 billion valuation. The company also plans to announce that it will begin allowing users from over 140 countries to place bets on its platform.
- Ethereum’s largest institutional holder, Bitmine, has increased its position by 27,256 ETH, now holding a total of 2,857,407 ETH. The total acquisition cost is $12.934 billion, with an average price of approximately $4,526 per ETH.
- Binance has announced compensation for users affected by the depegging of USDE, BNSOL, and WBETH in their contracts, leveraged positions, and borrowings. Compensation will be automatically distributed to the affected user accounts.
Macro
The major indexes fell sharply for the week with the rising trade tensions: the DJIA lost 2.7%, the S&P 500 -2.4%, and the Nasdaq -2.5%. The Chinese stocks closed mixed for a holiday-shortened week: the Shanghai Composite Index added +0.37%, the CSI 300 lost 0.51% and the Hang Seng index fell 3.13%.
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Weekly Market Update - 13 Oct 2025
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