Crypto Market Rebounds: BTC and ETH Surge, Altcoins Lead Gains After Macro Selloff

I. Crypto Market Overview

Key Takeaways

Macro Environment

President Trump's confirmation of 100% tariffs on all Chinese imports triggered a sharp selloff and nearly $20B in crypto liquidations, underscoring the sector's sensitivity to global trade policy. The U.S. Bureau of Labor Statistics resumed work on the September CPI report despite the government shutdown, reducing macro uncertainty. The Federal Reserve is expected to hold rates steady this week, supporting short-term stability in risk assets.

Crypto Market

The crypto market rebounded sharply in the past 12 hours after a major liquidation event. Bitcoin (BTC) rose 5.1% to $115,683, while Ethereum (ETH) surged 11.7% to $4,157.88, driven by strong ETF inflows and renewed DeFi activity. Altcoins outperformed, with DASH (DASH) up 39.8%, Mantle (MNT) up 34.7%, and Bittensor (TAO) up 32.9%, as capital rotated into high-beta assets following the macro-driven selloff.

Today's Outlook

CME Group launches Solana (SOL) and Ripple (XRP) futures options today, expanding institutional access to crypto derivatives and potentially increasing market volatility. Significant token unlocks occur for Cheelee (CHEEL) with 20.81 million tokens (~$22.4M) and Big Time (BIGTIME) with 462,303 tokens (~$15,232), which may impact liquidity and short-term price action in these assets.

Fear and Greed Index

80.00% Annual Percentile

31 Fear

Total Crypto Market Cap

$3.91T

6.89%

Total Market Trading Volume

$263.89B

5.26%

Altcoin Season Index

8.33%

Quarterly Percentile

34 / 100

Total Futures Market Open Interest

3.52B

4.05%

Futures

1.04T

9.69%

Perpetuals

II. Industry Updates

Macro-economic Policies

The U.S. Bureau of Labor Statistics has resumed work on the September CPI report despite the government shutdown, ensuring timely Social Security adjustments; this reduces macro uncertainty and may stabilize crypto market volatility.

President Trump confirmed 100% tariffs on all Chinese imports effective November 1, intensifying trade tensions; this triggered a sharp selloff and nearly $20 billion in crypto liquidations, highlighting the sector's sensitivity to global trade policy.

The Federal Reserve is expected to hold its benchmark rate steady at this week's meeting, maintaining a cautious stance; this policy continuity supports risk asset flows and underpins short-term stability in BTC and DeFi liquidity.

The U.S. Treasury is shifting deficit funding toward short-term T-bills to ease pressure on long-term yields; this move impacts global liquidity conditions and can influence capital allocation into digital assets.

Recent macro shocks, including tariff announcements and data delays, have driven extreme volatility in crypto markets, with $18.7 billion in long positions liquidated; this underscores the direct impact of macroeconomic policy on leveraged crypto trading.

Cryptocurrency Regulatory Trends

XRP ETF issuers amended S-1 filings as the U.S. government shutdown delays SEC reviews, signaling ETF approval may be near but regulatory uncertainty persists, impacting investor sentiment.

Nigeria's central bank confirmed new crypto guidelines are imminent, marking a shift toward formal regulation and potentially boosting local market confidence and institutional participation.

Australia's Treasury faces criticism from Ripple for draft crypto laws that may force startups to shut down, raising concerns over regulatory burdens and market disruption.

France urges the EU to centralize crypto firm supervision under ESMA and tighten MiCA rules, which could increase regulatory consistency but also raise compliance costs for major platforms.

Singapore's central bank postponed new crypto prudential standards until 2027, reflecting industry concerns and prolonging regulatory uncertainty for digital asset firms in the region.

DASH (DASH): Surged 39% in 24h to $53.87 with $522M volume, driven by renewed interest in privacy coins and a sharp increase in trading activity.

Mantle (MNT): Jumped 34% in 24h to $2.17, with $1.06B volume, following ecosystem expansion and BitDAO's 1:1 migration to Mantle, boosting investor confidence.

Bittensor (TAO): Rose 33% in 24h to $385.56, trading $452M, fueled by strong demand for decentralized AI protocols and recent major exchange listings.

Smart Money Movements

An anonymous trader opened a $160 million short position on Bitcoin via Hyperliquid after new US tariff news, currently showing $5 million in unrealized gains.

Christopher Heymann, 1kx Network partner, deposited $2 million USDC on HyperLiquid to reopen a 10x leveraged long position on ENA after a previous $4.22 million position was liquidated.

Huang Licheng (Maji) took a 40x leverage long on BTC, 25x on ETH, and 10x on HYPE, and spent 1 ETH (about $3.83) to buy 1,959 CREAM tokens on the spot market.

Institutional investors acquired more Bitcoin in 2025 than in all of 2024, signaling increased institutional demand and potentially impacting BTC price dynamics.

Forbes reported that Donald Trump holds over $870 million in Bitcoin exposure, making him one of the largest individual BTC holders in the US.

Events to Watch

Oct 13 (Mon)

CME Group launches Solana (SOL) and Ripple (XRP) futures options, expanding institutional access to crypto derivatives.

Oct 13 (Mon)

Cheelee (CHEEL) unlocks 20.81 million tokens (~$22.4M); Big Time unlocks 462,303 BIGTIME tokens (~$15,232).

Oct 14 (Tue)

Aster Phase 2 airdrop opens, allowing users to claim tokens or refund fees; Ethereum Sepolia testnet upgrade scheduled.

Oct 15 (Wed)

US September CPI and Core CPI data released, key for inflation outlook; Morgan Stanley expands crypto fund access to clients.

Oct 16 (Thu)

US Initial Jobless Claims and Retail Sales data released; SEC decision on Solana ETF proposals (Bitwise, 21Shares) expected.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

The U.S. Bureau of Labor Statistics has resumed work on the September CPI report despite the government shutdown, ensuring timely Social Security adjustments; this reduces macro uncertainty and may stabilize crypto market volatility.

President Trump confirmed 100% tariffs on all Chinese imports effective November 1, intensifying trade tensions; this triggered a sharp selloff and nearly $20 billion in crypto liquidations, highlighting the sector's sensitivity to global trade policy.

The Federal Reserve is expected to hold its benchmark rate steady at this week's meeting, maintaining a cautious stance; this policy continuity supports risk asset flows and underpins short-term stability in BTC and DeFi liquidity.

The U.S. Treasury is shifting deficit funding toward short-term T-bills to ease pressure on long-term yields; this move impacts global liquidity conditions and can influence capital allocation into digital assets.

Recent macro shocks, including tariff announcements and data delays, have driven extreme volatility in crypto markets, with $18.7 billion in long positions liquidated; this underscores the direct impact of macroeconomic policy on leveraged crypto trading.

Cryptocurrency Regulatory Trends

XRP ETF issuers amended S-1 filings as the U.S. government shutdown delays SEC reviews, signaling ETF approval may be near but regulatory uncertainty persists, impacting investor sentiment.

Nigeria's central bank confirmed new crypto guidelines are imminent, marking a shift toward formal regulation and potentially boosting local market confidence and institutional participation.

Australia's Treasury faces criticism from Ripple for draft crypto laws that may force startups to shut down, raising concerns over regulatory burdens and market disruption.

France urges the EU to centralize crypto firm supervision under ESMA and tighten MiCA rules, which could increase regulatory consistency but also raise compliance costs for major platforms.

Singapore's central bank postponed new crypto prudential standards until 2027, reflecting industry concerns and prolonging regulatory uncertainty for digital asset firms in the region.

Trending Tokens

DASH (DASH): Surged 39% in 24h to $53.87 with $522M volume, driven by renewed interest in privacy coins and a sharp increase in trading activity.

Mantle (MNT): Jumped 34% in 24h to $2.17, with $1.06B volume, following ecosystem expansion and BitDAO's 1:1 migration to Mantle, boosting investor confidence.

Bittensor (TAO): Rose 33% in 24h to $385.56, trading $452M, fueled by strong demand for decentralized AI protocols and recent major exchange listings.

Smart Money Movements

An anonymous trader opened a $160 million short position on Bitcoin via Hyperliquid after new US tariff news, currently showing $5 million in unrealized gains.

Christopher Heymann, 1kx Network partner, deposited $2 million USDC on HyperLiquid to reopen a 10x leveraged long position on ENA after a previous $4.22 million position was liquidated.

Huang Licheng (Maji) took a 40x leverage long on BTC, 25x on ETH, and 10x on HYPE, and spent 1 ETH (about $3.83) to buy 1,959 CREAM tokens on the spot market.

Institutional investors acquired more Bitcoin in 2025 than in all of 2024, signaling increased institutional demand and potentially impacting BTC price dynamics.

Forbes reported that Donald Trump holds over $870 million in Bitcoin exposure, making him one of the largest individual BTC holders in the US.

Events to Watch

Oct 13 (Mon)

Oct 13 (Mon)

Oct 15 (Wed)

Oct 16 (Thu)

III. Phemex Market Focus

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