Negentropic

Good first step in $btc and $eth price action, but we are not out of the woods just yet. OBV and momentum have not flipped positive yet with recent price moves. Risk of another retest of lows is still there.

Jane street Lawsuit gets made public, and miraculously the 10am $btc slam disappears.

Someone major blew up, this is clear sign of forced selling. We are not at the end here, but Oct 10th has been more systemic than at any other time in cryptos history.

Tether fud, always the same end game https://t.co/jeVmMlgzX7

We have had the lowest onchain activity on $btc even if you include 2022. Since yesterday we have seen a sharp rebound, activity is coming back, last time we have had an upswing like this was in April and June 2025. https://t.co/EvUp03TzbS

Last leg of the massive unwind we have had since October 10th. Many bodies have floated to the surface, many MM and funds blew up. Worse and more extreme liquidity event than FTX. https://t.co/NkJ8GfJVAO

The S&P 500 just printed a new all-time high.Russell 2000 looks primed for continuation.Emerging markets have confirmed a breakout. Taken together, this is one of the clearest broad risk-on regimes we’ve seen in this cycle. Gold and silver have absorbed liquidity that would typically flow into higher-beta risk assets, a dynamic that, in our view, is delaying rather than resolving the underlying adjustment. Since October 10, roughly 50% of market makers in the space have exited, and the resulting liquidity unwind has artificially extended the current bear phase. That leaves two dominant scenarios for Bitcoin: 1) BTC has been front-running global markets, implying a sharp downside repricing across equities and commodities is imminent. 2) BTC is lagging the macro regime, implying a significant upside repricing to converge with fair value, currently estimated near $116,000.

We are seeing clear signs of momentum not seen since last September 2025. https://t.co/z5gJs7Kuab

The Chart of the Week: "The Risk Rotation has begun. BTC and Small Caps should rally strongly" By @HenrikZeberg Watch video in the link below👇 https://t.co/dKlxyVrDKZ https://t.co/SHa4xJffA0

The Risk Index measures profit-taking pressure: 🔴high = heavy selling, 🔵low = sellers exhausted. Historically, major $btc corrections tend to finalize once the Risk Index drops below 25 and resets toward 0 (see steps 1–2–3). We’re now at a key inflection point. Price structure here will determine whether this correction mirrors step 2 or step 3 of the April–May 2025 correction. A daily close above $94.7k would materially increase breakout odds and opening the door to a push toward ATH over the next 4–8 weeks.