Sigma crypto chad
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My name is Sigma. With 12 years in trading and a stellar crypto team. I'm starting a diary on my trades.

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In two weeks, the price of Zcash rose by 325%.

This is the first time since 2022 that the price of ZEC has reached $230.

The positive trend spread to other anonymous cryptocurrencies, including Dash and Railgun. The price of the latter jumped by almost 230% over the past seven days.

The total market value of private tokens reached $12.7 billion, adding 14% in a day.

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The crypto market is bleeding

Bitcoin falls below $119,000, Ethereum is already near $4,100.

The volume of liquidations in one hour exceeded $450 million, mostly from longs.

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Market situation πŸ”«

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Kalshi increases its dominance in the prediction market

Over the week, the trading volume on the platform exceeded $956 million.

The figure for its main competitor, Polymarket, was more than twice as low, at ~$464 million.

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"Bitcoin and gold will outlast any other currency," said Tether CEO Paolo Ardoino.

In September, the USDT issuer unveiled the dollar-backed, fully regulated stablecoin USAT, designed specifically for the US market. Tether is also among the top 20 foreign holders of US Treasury bonds.

The company also holds 87,475 BTC in reserves and is a co-founder of the public company XXI, which has accumulated 43,514 BTC in its treasury. Tether also holds approximately 11.7 tons of gold as collateral for its XAUT stablecoin.

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Trump stated that relations with China will be fine

At the same time, the US president confirmed plans to impose additional 100% tariffs on China from 1 November.

China, meanwhile, accuses the US of double standards.

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Bitmine acquired 202,037 ETH worth $834,000,000 over the past week

The company currently has 3,032,188 ETH ($12.9 billion at the current exchange rate) on its balance sheet.

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According to Forbes, Donald Trump owns approximately $870 million worth of Bitcoin.

This makes him one of the largest private investors in Bitcoin in the world.

His assets are not directly disclosedβ€”his Bitcoin holdings are hidden within Trump Media & Technology Group, the owner of the social network Truth Social. This entity acquired $2 billion in Bitcoin in July, and Trump owns 41% of it.

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Canaan Inc. shares rise 40% after the company announces a pilot project in Canada

It will promote the conversion of burned natural gas into electricity for Bitcoin mining and AI computing.

Canaan CEO Nan-Gen Zhang said the initiative demonstrates how "previously wasted resources can become productive energy for the next generation of AI blockchain infrastructure."

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According to Santiment, the number of negative comments about Bitcoin on social media has peaked only four times since March.

And after each such surge of FUD, Bitcoin has risen sharply.

BTC gained +26.5% after Trump's tariffs were introduced, +11.8% after news of the Iran-Israel conflict, and +11.3% after the panic at ATH in August.

If history repeats itself, the current surge of negativity could once again signal growth.

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The correlation between Bitcoin and gold approached its historic high of 0.9.

At the same time, the precious metal set a new price record of $4,179.48 per ounce. However, BTC fell from $114,000 to $110,000 today.

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Arthur Hayes expects Bitcoin to surge again

JPMorgan plans to spend around $1 trillion to support American industries, including defense, energy, and AI.

Hayes called this "QE for the poor"β€”more loans means more dollars in circulation, and Bitcoin rises.

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BTC is currently trading below its short-term base level of $115,000

Since this is a key level that indicates an uptrend, failure to regain this support in the near future will signal a stronger correction with a target of $100,000, below which we can already talk about the early stages of a bear market.

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The number of Bitcoin treasuries has grown by 40% in three months

The total number of such organisations has reached 172.

Strategy remains the largest holder, owning 640,250 BTC worth $71.9 billion, followed by MARA Holdings with 53,250 BTC worth $5.9 billion.

According to analyst Rachel Lucas, the growth in the number of cryptocurrency-focused firms indicates that "big players are doubling down, not backing down."

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Bitcoin OG moved 2,000 BTC ($222 million) to 51 new addresses

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According to Coinglass, traders are actively opening long positions on BTC and ETH

This increases the risk of mass liquidations in the event of sharp market movements.

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The total trading volume of cryptocurrency futures and options exceeded $900 billion.

The absolute maximum was observed on 18 September, when the indicator rose to $39 billion.

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