Marathon Digital Holdings (NASDAQ: MARA) has taken advantage of recent market volatility to acquire an additional 400 BTC, valued at approximately $45.9 million. This purchase increases their total holdings to about 52,850 BTC, worth roughly $6.06 billion. The move indicates a renewed corporate interest in accumulating Bitcoin during price fluctuations, reminiscent of previous market resets. Despite a recent 13% drop in Bitcoin's price due to geopolitical tensions, Marathon's strategic buy reflects confidence in the long-term value of BTC.
The company also reported a 5% increase in block production month-over-month, aligning with a broader growth in global hashrate, which rose by 9% to an average of 1,031 EH/s.
Following the recent market crash that wiped out nearly $19 billion in crypto positions, institutional interest appears to be rebounding. U.S. spot Bitcoin and Ethereum ETFs saw inflows exceeding $18 billion in Q3, indicating strong demand for regulated crypto investment vehicles. This surge in institutional participation is expected to continue, especially as the Federal Reserve's recent rate cuts create a favorable environment for risk assets.
Moreover, the anticipation surrounding upcoming ETF approvals for various cryptocurrencies, including XRP and Solana, is building. As regulatory hurdles diminish, the potential for increased institutional access could further bolster market sentiment and drive prices higher.
In the wake of the market's sharp downturn, notable whale activity has emerged, particularly with a trader reportedly opening a new $163 million short position on Bitcoin. This trader had previously profited $192 million from a well-timed short before the crash, raising concerns about potential insider trading. Meanwhile, Binance has pledged $283 million in compensation to users affected by system failures during the liquidation event. Additionally, XRP has seen a significant rebound, regaining $30 billion in market value after the tariff-driven collapse.
The price of XRP surged from $2.37 to $2.58, driven by strong institutional buying, indicating a robust recovery phase for certain assets amidst overall market volatility.
The recent volatility in the crypto market has reset trader sentiment, but underlying fundamentals remain strong. Bitcoin's price is currently testing key support levels around $112,000, with analysts suggesting that sustained trading above this threshold could lead to further upward momentum. Institutional inflows and ETF demand are expected to play a crucial role in shaping the market's trajectory as we approach the end of the year. As the market stabilizes, the focus will shift to whether Bitcoin can reclaim its previous highs and how altcoins will perform in this environment.
The combination of institutional interest, regulatory clarity, and macroeconomic factors will likely dictate the next phase of market movement.
MARA Holdings purchased 400 BTC worth $46.29 million from institutional liquidity provider FalconX. The purchase comes as Bitcoin rebounded to $114,763 after the largest liquidation event in crypto history wiped out over $19 billion in positions last Friday. Analysts say the acquisition points to the firm’s confidence that Bitcoin has "more room to run" as Trump softens tariff rhetoric and global monetary easing remains on the table.
WLFI is experiencing a significant downturn, with a $190 million dump prompting discussions around a $7 million buyback. The market sentiment remains bearish, but there are hopes that the stalled buyback could shift sentiment back to bulls.
Tokenization firm Securitize is said to be exploring a potential merger with a blank-check company backed by Cantor Fitzgerald LP. Discussions reportedly involve Cantor Equity Partners II Inc., a special purpose acquisition company.
Bitcoin experienced significant volatility recently, plummeting from $121,000 to a low of $109,000 during a rapid sell-off on October 10, 2025. This crash, attributed to a massive liquidation event that wiped out approximately $20 billion in leveraged positions, marked one of the largest single-day wipeouts in crypto history. Despite this turmoil, Bitcoin has shown resilience, rebounding to around $115,157 as of the latest reports, indicating a recovery of about 4.5% following the crash. Analysts suggest that Bitcoin's ability to hold above the $100,000 mark will be crucial in determining its future trajectory, with some predicting a potential drop below this level if bearish trends continue.
Ethereum has also seen a notable recovery, climbing from a low of $3,686 to around $4,146, reflecting an 11.3% increase post-crash. This rebound comes after a $10 billion liquidation event that significantly impacted the altcoin market, where many tokens faced severe losses. The broader crypto market capitalization surged by $170 billion in just one day, as traders shifted their focus back to high-beta assets following the liquidation shock. Notably, Solana gained 11% to reach $196, while other altcoins like Bittensor surged by 28%, indicating a rotation back into riskier assets as market sentiment improved.
The recent market turbulence has led to a shift in trader sentiment, with options traders increasingly seeking downside protection amid ongoing structural risks. Following the liquidation event, demand for options at key strike prices, such as Bitcoin's $115,000 and $95,000, has surged. Analysts remain cautious, emphasizing that while the current rebound may signal a recalibration, the underlying risks in the market persist. The Crypto Fear and Greed Index has also reflected this sentiment shift, plummeting from 64 to 27, indicating a significant move from "greed" to "fear" among investors.
Indian tax authorities are probing over 400 high-net-worth traders using Binance for alleged large-scale crypto tax evasion. This investigation, led by the Central Board of Direct Taxes (CBDT), focuses on activities from 2022 to 2025, including peer-to-peer trades. The probe aims to submit findings by October 17, 2025, as traders reportedly failed to disclose digital assets held abroad, evading India's steep crypto tax burden, which can reach an effective rate of 42.7% for top earners due to a 1% withholding tax and a 30% tax on profits, along with surcharges and cess.
Uganda is set to pilot its first central bank digital currency (CBDC), backed by treasury bonds and designed for mobile access. This initiative, in partnership with the Global Settlement Network (GSN) and Diacente Group, aims to create a $5.5 billion tokenized economy in the Karamoja region, digitizing key sectors such as agriculture, mining, and energy.
Ethena Labs has defended its synthetic dollar, USDe, following a market incident that saw redemptions exceeding $1 billion. The founder, Guy Young, stated that the protocol functioned as intended and that the price drop to $0.65 was not a true depeg but rather an isolated issue linked to Binance's pricing systems. This incident highlights the ongoing scrutiny of stablecoins and their operational integrity during market volatility.
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