1. BTC Current Price and Key Levels

BTC is currently oscillating in the 59300–59600 range, with an intraday low of 58995 USD, hitting a new 20-month low. The 60k mark has completely shifted from support to strong resistance.
The hundred-billion options settlement at 16:00 has been completed, with 80% of call options expiring worthless. Shorts hold absolute dominance, and no strong rebound occurred after settlement; the market remains weakly oscillating.
Short-term resistance: 60k–60500; first support at 59000, and if it breaks effectively, the next target is the 58000 mark.

 

2. Global Capital & Liquidation Data
In the past 24 hours, over 200k people globally have been liquidated, with total liquidation value reaching 60k USD. Long position liquidations account for 1.16 billion USD. Longs suffered massive stop-loss sweeps, all due to high-leverage retail traders heavily buying the bottom.
U.S. spot ETFs have seen continuous large outflows for over ten days, totaling 4.4 billion USD in three weeks. Institutions are continuously reducing positions to hedge risks, and there is a severe lack of capital support in the market.

 

3. Three Major Suppressive Negative Factors (Currently Unfolding Simultaneously)
1. Hundred-Billion Options Settlement Completed
The 10.6 billion USD BTC quarterly options settled at 16:00 today. The vast majority of call contracts expired worthless. Institutions completed their hedging hedges. The selling pressure sentiment is unlikely to dissipate in the short term, and any rebound is just a mid-downtrend repair.
2. Rising Hawkish Expectations from the Fed
Inflation data shows stronger-than-expected resilience, significantly cooling market expectations for rate cuts. The dollar strengthens, risk asset liquidity tightens, and the crypto market continues to bleed.
3. Ongoing Medium-to-Long-Term Selling Pressure
The remaining 34.5k BTC from Mt. Gox will be distributed in batches through the end of October. Any small rebound will trigger creditors to take profits and sell. Combined with small-scale reductions from Strategy, bullish conviction continues to weaken.

4. Market Sentiment & Major Coin Performance
The Fear & Greed Index has fallen to around 12, deep into extreme fear territory. Retail traders are strongly inclined to cut losses and exit.
All coins follow the decline: ETH drops to the 1550 range, SOL, XRP, and DOGE all fall about 3%, and smaller altcoins see even larger declines. No independent strong-performing assets exist.

5. Practical Strategy for Small Capital (Live Broadcast Focus)
1. Options settlement volatility hasn't fully dissipated yet. The chart sees frequent long-short wicks. Strictly avoid 20x/50x high-leverage rebound plays.
2. The 60k mark has become heavy resistance. Do not heavily buy the bottom until it's firmly held. If you can't read the trend, simply stay in cash. Being in cash is not missing out—it's preserving your principal.
3. If you have floating profits, lock them in gradually. With so many negative factors stacked, profits can vanish in an instant.
4. Medium-term selling pressure lasts until the end of October when Mt. Gox distribution ends. At this stage, focus on light short-term trades and observation. Do not build heavy long-term positions. $BTC ‌$ETH ‌