There was major volatility this morning, with $410 million liquidated in just 4 hours!
BTC had the largest liquidations at nearly $100 million🔪, while ETH also saw over $90 million liquidated🔪!
Be sure to manage your position sizes! With total leverage exceeding 10x, it’s difficult to survive in the brutal futures market!

Let’s take a look at Backpack ($BP), which has recently shown extremely strong on-chain data.
Here’s a brief breakdown of the staking potential and underlying logic behind $BP that the market may be underestimating:
1⃣Monopoly-level dominance in its niche
Many people have overlooked the fact that, in the rapidly expanding Tokenized Equities sector, Backpack at one point captured approximately 73% of DEX trading volume. In the Crypto market, where liquidity is the lifeline, controlling nearly three-quarters of the market represents an extremely formidable level of dominance.
2 Breaking through

ETH followed a one-way downward trend last night, gradually declining from 2530 to around the morning low of 2407, for a one-way drop of nearly 130 points. We firmly took a bearish view last night, and the 2500 short position we entered successfully took profit after gaining nearly 70 points. The price is now around 2445. Overall, bearish momentum continues to be released, the rebound remains weak, and the short-term trend is still dominated by the bears.
From a market-structure perspective, 2530 was the starting point of last night’s decline and is also a key resistance level for the bears in

Morgan Stanley calls for 9,000, Goldman calls for 7,000—how wide is the institutional divide over Korean stocks?

Korean stocks have fallen this far, yet institutions have sharply diverging views on them. I’ve compiled Morgan Stanley’s and Goldman Sachs’ latest views for comparison.

Morgan Stanley’s stance: Overweight, with a target of 9,000 points.

Morgan Stanley upgraded its rating on the Korean stock market to “Overweight” and set a target of 9,000 points, implying approximately 36% upside from current levels. Morgan Stanley’s core assessment is that the KOSPI’s 39% pullback in this cy

The prediction was spot-on: the ETH short captured the entire move from head to tail!
10.12 ETH short thesis: short at 2540-2560, stop loss at 2580, first target 2500, second target 2480.
The market peaked at 2578.97, just 1 point below the stop-loss level, then turned down precisely under resistance without even touching the stop-loss line; it subsequently dropped all the way to the current low of 2407, fully covering the 171-point range, with both targets decisively broken.
I said it at the time: weekend rallies on thin liquidity are all theatrics. A little capital can push out a bullish can

Only 13 of the 89 coins are green, $DOT -7.4% I’m leaning bullish
$DOT is currently at 1.149, 24h -7.4%—only 13 of the 89 coins are green, with a median of -6.7%. Broad declines during a defensive phase, not DOT collapsing on its own. I’m bullish here.

The market is trading on OpenGov governance rumors: a new proposal would change the DOT DAO’s evaluation standard from the amount locked to the number of real users. After the news was posted, the price moved from 1.148 to 1.149, +0.09%; sentiment was not ignited—the bullish news has neither been priced in nor disproven.

Daily RSI at 51.0 re

🌈 Gate Live Streaming Ideas - October 13
Hot Topic Recommendations:
🔹 Meta releases the Muse Wonder series of AI models! Its stock price rises over 3% against the trend—who will lead the next round of competition among AI giants?
🔹 Anthropic bans tens of thousands of accounts at once! The offensive and defensive battle over AI model distillation is escalating—can the technological moat still hold?
🔹 South Korean stocks suddenly plunge! KOSPI tumbles 5% and SK Hynix drops over 7%—has the South Korean stock bull market hit the brakes?
🔹 South Korean stocks fall enough to trigger the sidecar

$ETH 2574 shorted the top, entered yesterday, and pocketed 170 points today!!
170 points—those who know, know
I forgot to tell everyone to cancel the long position; the loss was only a little over 20 points

October 13 BTC/ETH Mi Shen Strategy
A complete victory! This round of Mi Shen’s double-top strategy → initial resistance rebound → adding shorts at the resistance level → capturing value after the second confirmation—the entire system operated perfectly. Those interested can review the entire October Mi Shen strategy; after watching it, I guarantee you will be stunned. Back to the point: when I feel things are going smoothly, I need to be even more careful. I have learned the lesson of becoming careless and losing Jingzhou many times already, and controlling drawdowns is sometimes more importa

Those who bought in anticipation of UNI launching on CME in six days are feeling the pain right now—the token broke through the $7 support level last night.
The catalyst is real—the CME’s UNI futures launch on October 19. But the price isn’t buying it: UNI surged to $10.94 on September 23 and is at $7 now; I checked the volume, and last night’s sell-off was less than half as heavy as the one on October 8.
The group I’m watching has been waiting for this level—whether the $6.85–$7 range can hold. To truly turn bullish, it first needs to reclaim $7.30–$7.50.
I did the math: six days remain until

Every rebound is a short: short BTC at 828, targeting 818–805
Short ETH at 2483, targeting 2460–2410
Enter with a light position and manage your position size carefully

Matching profile pictures: two people in love

Starlink｜BTC｜October 13 Outlook
Direction: Short-term bearish; look to short after a rebound meets resistance, without blindly chasing at lower levels.
BTC fell back again from around 84000, hitting a low near 81000, and has now rebounded to around 82300. On the 1-hour chart, downward momentum remains relatively strong, but a rebound has already emerged around 81000, so the current position is not suitable for directly chasing shorts.
Today’s main focus is a 500-point range:
Entry range: 82500–83000, short after the rebound meets resistance.
Stop-loss reference: Above 83500.
First target: 8200

Another exhilarating waterfall...
bitcoin:native ethereum:native sui:native

I was going to wake up, drink some water, and go back to sleep
Then I checked the market, and the drop kept me awake👿

In today’s market, $SNXXB ’s RSI reading is the most abnormal: the current price is 11.1, down 19.51% over 24 hours, yet the RSI has fallen to 15.7. Against the conventional oversold threshold of 30, this is already an extreme zone in indicator terms, but the price has shown no sign of bottoming, indicating persistent selling pressure rather than an emotionally driven mispricing.
Using this coin to explain a reusable method: the moving-average system gauges trend health, with the focus on two things—the relative position and slope of MA5 and MA20. $SNXXB ’s current MA5=11.38 has fallen below M

$LUNC trending.
Still here. Still building.