Over 180,000 traders faced liquidation in the rebound from Oct 10's $19B wipeout—mostly longs—as BTC surged to $114K, per Coinglass data. Leverage has reset healthily: BTC futures open interest plunged 25% to $70B from $94B, erasing speculative excess akin to July levels. bloomberg.com +1 Analysts view this deleveraging as bullish, paving way for stable rallies sans cascade risks, with macro drivers intact.
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TWT's 14% plunge from $1.33 highs to ~$1.14 reflects technical profit-taking after a 70% rally fueled by CZ's endorsement and new roadmap. Whale sales (7.5M tokens) and exchange inflows surged 1,600%, signaling exhaustion. No fundamental shifts; support at $1.00 key. Bullish long-term.
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Trump's presidency has ushered in pro-crypto policies: Jan 2025 EO supports digital assets, forms working group for regulations, and proposes a national Bitcoin reserve. Signed GENIUS Act in July 2025 regulates stablecoins with 100% backing, blocks CBDC, and eases SEC enforcement. Industry celebrates reduced oversight, but critics warn of corruption risks.
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