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Bitcoin Dips Below $109K, Market Cap Feels the Shock
Degods posted a topic in Crypto News & Analysis
Bitcoin slipped under $109,000 this week as risk appetite cooled ahead of the U.S. core PCE inflation print. The trigger? ETF outflows flipped negative: $258M drained from U.S. spot BTC ETFs on Sept. 25 (only BlackRock’s iShares saw inflows), while ETH ETFs shed another $251M. Add in nearly $1B in leveraged long liquidations across crypto, wiping out 225,000 traders and you’ve got a textbook “leveraged washout.” Whales have been net sellers since August, long-term holders are taking profits, and post-Fed uncertainty isn’t helping. Why the global crypto market cap dropped harder than BTC Bitcoin sets the tone. Once BTC cracked, ETH and altcoins logged double-digit weekly losses. The market cap shrank faster than Bitcoin’s own dip. ETF outflows means less institutional demand. ETFs had been structural buyers. Redemptions mean liquidity support is gone. Liquidations amplify pain. Forced exits turn corrections into broad sell-offs. The road ahead History says October often favors bulls, but right now the market is fragile. To regain momentum, BTC needs to reclaim the $113.5K–$116K zone with volume and see ETF flows stabilize. Until then, the global crypto market cap is stuck in a cautious, choppy phase. My take This isn’t the time to chase every bounce. Short-term: protect capital, cut leverage, and let the dust settle. Medium-term: upside is still on the table, but the market has to prove it first. - Today
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islasmith6532 started following Who wants your money in the crypto world? [Top 5]
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The crypto space thrives on innovation, and Mira Network ($MIRA) is quickly becoming part of that conversation. Built to strengthen its ecosystem with fresh participation, It blends utility and market curiosity at a time when investors are searching for projects with lasting value. Its listing carnival offers traders not just a token but an entry into a growing ecosystem. Price action is always a telling factor, and with $60,000 in MIRA rewards tied to the listing carnival on BingX from Sept 26–Oct 3, there’s room for both short-term excitement and long-term positioning. For investors, it’s an opportunity to diversify while watching a token establish itself in real time. Will you take this chance to position yourself early in $MIRA’s journey?
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The $OMI token, tied to VeVe’s NFT platform, is gaining attention as it expands into wider markets. Liquidity and accessibility are crucial for its long term adoption, yet recent price action has been under pressure. Since Sept 24, OMI slid nearly 5%, moving from $0.0003300 to $0.0003135. A clear trend of lower highs and lows, plus a spike in trading volume on Sept 26, signals strong selling pressure. Support sits near $0.0003073, making it a key level to watch. Broader sentiment hasn’t helped, with Bitcoin’s sharp fall to $112K triggering over $1B in liquidations. For smaller cap tokens like OMI, such volatility often amplifies downside. In this context, BingX has introduced the OMI Listing Carnival (Sept 24–Oct 4), offering 80M OMI rewards through deposits and trading. While this may boost short term activity and order book depth, the bigger test is whether OMI can sustain momentum once the event ends. Do you see this as a launchpad for OMI’s long term growth, or just a temporary trading opportunity?
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⭐ desmonddesk started following chainOpera AI integration and the Future
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AI tokens, blending artificial intelligence with blockchain, are gaining popularity in crypto, offering decentralized solutions. Notable tokens include NEAR, AGIX, Bittensor (TAO), and ChainOpera AI (COAI) recently listed on Bitget. While there are ongoing rewarding events for COAI like PoolX, to lock tokens and earn rewards, candybomb to trade and earn from price pool etc. Can AI project in the blockchain space truly disrupt traditional industries, or will they remain niche? Also Will AI's rise threaten human jobs across sectors? Share your thoughts!