{"id":14367,"date":"2025-10-26T20:02:06","date_gmt":"2025-10-26T20:02:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-market-shakes-off-record-liquidation-as-bitcoin-ethereum-technicals-flip-positive-bitmine-chair\/"},"modified":"2025-10-26T20:02:13","modified_gmt":"2025-10-26T20:02:13","slug":"crypto-market-shakes-off-record-liquidation-as-bitcoin-ethereum-technicals-flip-positive-bitmine-chair","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-market-shakes-off-record-liquidation-as-bitcoin-ethereum-technicals-flip-positive-bitmine-chair\/","title":{"rendered":"Crypto market shakes off record liquidation as Bitcoin, Ethereum technicals \u2018flip positive\u2019: Bitmine chair"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">After the biggest crypto deleveraging event in five years, Tom Lee, chairman of Bitmine Immersion Technologies, says the worst may be over \u2014 and a year-end rally could be in sight.<\/p>\n<p>The Oct. 10 liquidation, triggered in part by rising U.S.-China trade tensions, erased billions in leveraged positions across digital assets. <\/p>\n<p>\u201cThat was the biggest liquidation event in five years for crypto,\u201d Lee said. \u201cSo, there are still those ripple effects, two weeks later, that are plaguing the crypto market.\u201d<\/p>\n<p>Yet despite the shock, Lee \u2014 who also co-founded research firm Fundstrat \u2014 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=QzdOK3lheuY&amp;tblci=GiD31qPKzhnp1inZxFz2q78TSaBcgv6qN4nPxiVOebY38yCN1VcomLvpo5nNwYLVATDviEo\" target=\"_blank\" rel=\"nofollow\">told<\/a> CNBC this weekend that both Bitcoin and Ethereum are showing surprising resilience, pointing to record-low open interest levels and improving technicals as signals that the market is stabilizing.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p> The deleveraging earlier this month \u2014 multiples of what happened during FTX \u2014 saw Bitcoin fall \u201cthree or four percent,\u201d Lee explained. Today, technicals for both Bitcoin and Ethereum are \u201cflipping positive.\u201d<\/p>\n<p>At last check on Sunday, Bitcoin was trading at around $113,500. See the chart below.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>Lee argues that crypto often acts as an early signal for equities and broader market liquidity. He says Bitcoin\u2019s steadiness and Ethereum\u2019s growing on-chain activity\u2014particularly from stablecoin usage on both Layer 1 and Layer 2 networks\u2014suggest improving fundamentals that could translate into broader risk-on sentiment across asset classes.<\/p>\n<p>Lee\u2019s comments come as JPMorgan plans to let institutional clients use Bitcoin and Ether as collateral for loans by year\u2019s end. The move, which will rely on third-party custodians, marks another step in Wall Street\u2019s crypto makeover, especially with the Trump administration loosening regulatory screws.<\/p>\n<p>It\u2019s a full-circle moment for CEO Jamie Dimon, who once <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/17\/jamie-dimon-says-hes-done-talking-about-bitcoin-i-dont-care.html\" target=\"_blank\" rel=\"nofollow\">called<\/a> Bitcoin a \u201cpet rock.\u201d Now, that same \u201crock\u201d can secure a multimillion-dollar loan from the nation\u2019s biggest bank.<\/p>\n<p>\u201cIt really does help to see JPMorgan say they\u2019re open to the idea of using crypto as collateral,\u201d Lee added. With fundamentals improving, he argues for \u201ca pretty big movement by the end of the year.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>After the biggest crypto deleveraging event in five years, Tom Lee, chairman of Bitmine Immersion Technologies, says the worst may be over \u2014 and a year-end rally could be in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14367"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14367\/revisions"}],"predecessor-version":[{"id":14368,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14367\/revisions\/14368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7859"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}