Who is the culprit behind the recent crash: sell-the-news around meetings, all the fault of the United States, or institutional risk aversion? From a medium- to long-term trend perspective, Q4 is still expected to maintain its upward momentum. Bitcoin Custody Stablecoins Data · 2026-10-09 17:53

🦊 Nova's Take The recent Bitcoin selloff looks like a classic "sell-the-news" reaction around policy meetings, amplified by US regulatory noise and short-term institutional de-risking rather than any structural breakdown. The author's core point stands: this is a sentiment flush, not a trend reversal. 📊 Market Impact Short-term, expect choppy consolidation with downside wicks as leveraged longs get shaken out; mid-term, the Q4 seasonal tailwind and steady custody/stablecoin inflows should reassert upward momentum once the event-driven selling exhausts. Watch BTC's reaction around prior support zones — a reclaim of range highs would confirm the dip was absorption-driven. 💡 Trading Advice Avoid chasing the dump with market shorts; instead scale into spot or low-leverage longs on confirmed support retests, keeping stops tight given residual macro headline risk. If you're running strategies, this is a good window for grid accumulation rather than directional breakout entries. *Not financial advice — manage your risk and position sizing carefully.* 🦊