BTC Market Analysis: Open Interest Declines as Selling Pressure Persists
Open Interest Signals Position Closing
BTCUSDT open interest has dropped 0.94% over the past hour, while price declined just 0.03%. This combination suggests that positions are being closed rather than a significant wave of new positions entering the market. However, open-interest data alone cannot determine whether the closures are predominantly long or short positions.
Key Market Structure Levels
Volume Point of Control: 83,788
The POC marks an important high-volume price area and may act as a reference for near-term pr

Someone said they would hold $ICP for several months, and the market only moved -0.94%
Someone said in the community that they would hold $ICP for several months, and the market only moved -0.94%—after the event, the price went from 3.294 to 3.263. Their mouth moved faster than their money. But that does not mean nobody is taking action: the 24h volume ratio is expanding at 1.835, so I am directly bullish.

First, the daily RSI is relatively strong at 60.5, and MA7 is above MA30 in a bullish alignment; the funding rate is neutral at 0.0001, while the long-short account ratio is 1.9011, calmer

$WDC
There’s no topping structure that could end the rally, but it looks capable of a deep correction. It broke back below the triangle

🔥 What are we talking about today? Gate Square’s hot topics have been updated!
🔹 Gate × Red Bull F1 win the Singapore Grand Prix! Verstappen took the championship from pole position, while Gate appeared at the circuit as an official partner, further boosting its global brand influence.
🔹 $STRK Up over 55% in 24h, with the independent L1 + quantum-resistant narrative heating up—how much further can this rally go?
🔹 $USELESS Trading volume is approaching $DOGE , but market caps still differ by about 72x. Is Meme capital starting to seek out new targets again?
High-quality content may receiv

$CSOPSKHYNIX2L I lost 12,000 on this trade before, and now I’m back in.
The current price is 3.807. It has been dumped 13 points over the past 24 hours, touching a low of 3.802, with 10M in trading volume still providing support. Some people in the group are calling for it to go to zero, but I checked the order book—the volume hasn’t collapsed, the selling is mostly from retail orders, and there are buy orders supporting it around 3.8.
This area is a previous high-density cost basis zone. Breaking below 3.8 would mean a true bear market, while holding it would form a double bottom. I plan to s

$BOME Down 25% in 24 hours, plunging directly from 0.0011 to 0.0008, with 48.7M in trading volume—seeing this figure on day 158 after the halving, I looked through the data from the first three cycles, and it sent a chill down my spine.
Let’s start with the data. On day 158 after the 2016 halving, BTC hovered around $600, seemingly dead, while altcoins broadly fell back to their pre-halving starting points. At the same time in 2020, BTC spent a full three weeks grinding around 10500, DeFi had not yet taken off, and most tokens drifted down more than 30%. Now in 2024, BOME has been cut in half

🚨 $sui: whales are cooking something big!
chart update on $sui. price action looks clean here. we just saw massive bags packed in the accumulation zone right around the key support level. order book is heavy on the bid side, showing strong whale absorption.
local market structure on the 4h chart indicates a heavy bounce. if the current momentum holds, the path to the immediate resistance levels is wide open. grid looks solid and the local downtrend is officially getting squeezed. major players are actively defending the floor price.
if you're betting on this bounce, you can check the trading

Big move in cross-border payments coming tomorrow.
On 13 October, Bank PSB’s A7 system is officially launching A7 International—a new bridge between crypto liquidity and traditional banking networks.
Here is how it works:
You settle a foreign counterparty’s invoice using USDT.
The beneficiary receives a standard SWIFT transfer in their local fiat currency.
Flat fee: 0.3%
Eligibility: Open to both foreign trade companies and individual clients.
Petr Fradkov and Ilan Shor will present the service live tomorrow at 10:13 UTC.
🔴 Watch the stream live: .

#STRKUpOver55%in24Hours Starknet’s Quantum-Resistant Layer 1 Ambition Meets a $127M Token Unlock
STRK’s explosive rally has put Starknet at the centre of a major market debate: can a potential move from Ethereum Layer 2 to an independent, quantum-resistant Layer 1 create lasting token demand, or has speculative trading moved ahead of the fundamentals?
On October 12, STRK was reported to have surged approximately 55.16% in 24 hours, with its recent high near $0.1235. However, the latest available market snapshot showed the token pulling back to approximately $0.111, down 5.77% over 24 hours aft

Bitcoin repeatedly tested 84,300 intraday but met resistance. I went short from the highs in the evening, and the price smoothly broke below 83,000, with the decline continuing. The entire 1,600-point move was captured, securing a profit of 19k U. The market does not lie; identify the resistance level and trade with the trend, and profits will naturally follow. #BTC涨1.17% $BTC ‌

Is what you said about needing to raise interest rates really true? If I have time tonight, I can weld it in my hand, haha! I’m not greedy either—I’ll cash out as soon as it reaches 81888! Auspicious! #GateX红牛F1新加坡站夺冠

$CT ‌CTUSDT – Perp
🧱 Why did Concrete pump? Because it finally set a solid foundation. 📊
Bias: Bullish structure above all EMAs, testing 24h high at 0.3539. Overbought after +9.5% pump — expect pullback or breakout continuation. 🔥
📈 Long – Breakout
Entry: 0.3540 – 0.3550
TP1: 0.3650
TP2: 0.3750
TP3: 0.3900
SL: 0.3480
📈 Long – Pullback Buy
Entry: 0.3400 – 0.3430
(Confluence: EMA5 0.3416)
TP1: 0.3530
TP2: 0.3650
TP3: 0.3750
SL: 0.3330
📉 Short – Rejection
Entry: 0.3535 – 0.3545
TP1: 0.3450
TP2: 0.3380
TP3: 0.3300
SL: 0.3580
📉 Short – Breakdown
Entry: 0.3330 – 0.3350
TP1: 0.3260
TP2: 0.318

$ETH Bear Flag Breaks Downwards As Projected 👀
Target Locked In At $2,493
NFA, DYOR ⚠️
#Crypto #Trading #ETH

Everyone, open a large short position on $AZTEC
with 50x leverage in your futures account now…📉‼️Entry range: $0.0184 – $0.0192Take-profit 1: $0.0178Take-profit 2: $0.0170Take-profit 3: $0.0161Take-profit 4: $0.0150Stop-loss: $0.0212Click below to trade immediately…👇Strategy logic:* $0.0184–$0.0192 is the recommended entry range for this short strategy.* If the price fails to reclaim $0.0192, it may be more likely to move toward the downside targets.* If it breaks below $0.0178, it may continue dropping toward $0.0170 and $0.0161.* Continued selling pressure may drive the price further down

#BTCUp1.17% $BTC ‌
BTC is up 1.17% to around $83,855. That looks calm, but the liquidation data underneath tells a different story, and CPI is two days away. Here’s how I’m reading it.
1. This was a squeeze, not necessarily new demand
Liquidations hit about $710M, and $461M of that (65%) was shorts. When shorts get forced out, they have to buy back, and that pushes price up on its own. It’s forced buying, not conviction buying. What matters next is whether real buyers show up after the squeeze ends. If price gives it all back quickly, it was just a squeeze.
2. Sentiment is warming into a bina

Everyone has already been alerted about the ETH and BTC short positions.

meta and oil are the only things green today 😭😭

DAY 13 — PARTICIPATION
A token can exist without a community.
But a vision needs people.
People who discover it.
People who ask questions.
People who participate.
People who choose to follow the journey.
ALFA-59 is building its community one person at a time.
#A59 #alfa59 #GateWCTCS9GlobalTradingCompetition