$SAND is currently the weakest of the three candidates, but precisely this combination of oversold conditions and negative funding gives me a reason to go long in the short term. First, looking at relative strength: SAND fell 14.20% over 24h, significantly more than $CRV ’s 10.60% and $XRP ’s 2.41%; although the RSI of 35.5 has not reached an extreme, combined with the 25.66% amplitude across 30 candlesticks, it shows that selling pressure has been released in a concentrated manner. By comparison, $XRP ’s RSI is 47 and its MACD histogram remains positive, making it a relatively resilient asset, with funds clearly concentrating in the leading tokens—which instead means that once a high-beta asset like SAND rebounds, it will have greater elasticity. Technically: MA5 at 0.0669 is already close to the current price of 0.067, while MA20 at 0.0703 is the first resistance above; the MACD histogram at -0.0003843 shows marginal convergence in bearish momentum; the lower Bollinger Band at 0.0638 forms short-term support. The key is the funding rate of -0.0433%, meaning shorts are paying; this is the deepest negative funding rate among the three coins, providing the strongest conditions for a short squeeze. The Fear & Greed Index remains in the greed zone at 64, market sentiment has not collapsed, and the probability of an oversold rebound is relatively high. Operationally, use 0.0655–0.0670 as the entry reference (close to MA5 and the upper edge of the lower Bollinger Band), take-profit 1 at 0.0703 (MA20 resistance), take-profit 2 at 0.0768 (upper Bollinger Band), and stop-loss at 0.0635 (the structure becomes invalid if the price breaks below the lower Bollinger Band). Also monitor: $XRP is relatively strongest, while $CRV is in the middle; the three can serve as a barometer of sector sentiment. (Personal opinion for reference only and does not constitute any investment advice. Contract trading carries extremely high risk; strictly control position size.) [Data] Coin: SANDUSDT Direction: Long Entry: 0.0655-0.0670 Take-profit 1: 0.0703 Take-profit 2: 0.0768 Stop-loss: 0.0635

So brutal! Bitcoin suddenly plunged, nearly $700 million vanished into thin air—what happened in the crypto market? Another sleepless night for the crypto market. Bitcoin suddenly plunged, decisively losing $83,000, while major coins including Ethereum, SOL, and XRP also tumbled. But the truly brutal part isn't how much they fell. In just 24 hours, nearly $700 million in crypto positions were liquidated across the market, most of them longs. Many of those who were calling for a rally just a few days ago probably never expected sentiment to turn so quickly. How bad were the nearly $700 million in liquidations? According to CoinGlass data and public market reports on October 7, approximately $696 million in crypto futures positions were liquidated across the market within a 24-hour statistical window. Simply put: this wave mainly wiped out those who were betting on prices going up. Many people may wonder: Bitcoin wasn't even cut in half, so how could this much money be wiped out? The answer is leverage. Five-times, 10-times, or even higher leverage can certainly feel great when the market is doing well, letting you earn faster than everyone else. But the reverse is equally true. If Bitcoin suddenly plunges a few percentage points, highly leveraged positions may be unable to withstand the move at all. Once a batch of long positions is forcibly liquidated, it creates new selling pressure, causing prices to fall further and triggering another batch of liquidations. This is the most brutal part of the crypto market: a drop of a few percentage points may simply shrink the account of spot traders, but for highly leveraged traders, it can mean game over. To clarify: the nearly $700 million mentioned here refers to the notional value of forcibly liquidated positions, not that investors lost nearly $700 million in principal. Why did a perfectly good market suddenly collapse? This time, it wasn't because the crypto market suddenly produced a verified, hugely negative piece of news. The real problem came from outside the crypto market. Recently, tensions in the Middle East have continued to roil markets, while international oil prices have risen significantly; at the same time, U.S. Treasury yields have remained high. These things may seem completely unrelated to Bitcoin, but they are actually closely connected. When oil prices rise, the market worries about inflation; when inflationary pressure builds, people become concerned about monetary policy. On top of that, with U.S. Treasury yields high, investors naturally reconsider: Why must I bet on a highly volatile asset like Bitcoin? Once risk sentiment weakens, Bitcoin naturally becomes vulnerable. Unfortunately, the preceding rally had also accumulated a considerable number of leveraged long positions. So this time, rather than saying that a single piece of news crushed Bitcoin, it would be more accurate to say: the fire outside spread inside, where an entire house was conveniently stacked with “leverage-dried firewood.” One spark, and it went up in flames. Will $80,000 be the next line of defense? After losing $83,000, more and more people are now watching $80,000. This level is worth monitoring, but don't interpret it as meaning that “if it falls to $80,000, you should definitely buy the dip.” The crypto market has never been that simple. There are two things more worth watching next than guessing whether prices will rise or fall. First, watch whether Bitcoin can reclaim $83,000. If it recovers quickly, that shows there is still capital ready to buy below; if it remains under that level, short-term pressure will certainly persist. Second, watch whether leverage has genuinely come down after this wave of liquidations. Often, a major liquidation event is actually the market “clearing mines.” The real fear is that prices fall but people continue to recklessly add leverage to bet on a rebound, in which case a second round of liquidations may still lie ahead. What is most worth remembering from this market move is neither $83,000 nor $80,000, but the nearly $700 million in liquidations. Just a few days ago, people still thought the bull market had arrived and the trend was stable. After a few candlesticks, a batch of highly leveraged longs was carried away. The easiest illusion to develop in the crypto market is that when prices rise, you feel like you understand everything. Only when the market truly turns against you do you realize that the market never gives anyone advance warning. Bitcoin has now fallen below $83,000. Will it recover, or continue moving toward $80,000? Do you think this wave is just a shakeout, or has the major drop only just begun?$BTC ‌

keeping watch here, $XRP is struggling to hold the recovery, with 49x in play here Entry: 1.3861–1.3904 • Stop Loss: 1.4111 TP1: 1.3526 | TP2: 1.3283 | TP3: 1.2839 #USGovernmentAddressesMove$670MInCryptoOver32Hours