Week of October 14 - 20, 2025

On October 10, 2025, the cryptocurrency market witnessed the largest liquidation event in history, totaling $19.24 billion, affecting over 1.6 million traders.
Approximately 87% of the liquidations came from long positions, marking a more severe wipeout than those during the Luna and FTX crises.

Deutsche Bank forecasts that Bitcoin and gold could be added to central bank reserve assets globally by 2030, driven by Bitcoin’s growing institutional credibility and its increasing resemblance to gold.

Standard Chartered predicts that more than $1 trillion could flow out of banks in emerging markets and into stablecoins by 2028, as investors seek protection from high inflation. The total value of stablecoins used for savings is expected to surge from the current $173 billion to $1.22 trillion by 2028.

Square, a payment service under Block founded by Jack Dorsey, has launched a new feature allowing merchants in the United States to accept Bitcoin payments directly and store them in an integrated Square digital wallet with zero fees.
This feature is currently available to U.S. merchants except those in New York State.

Morgan Stanley has officially opened access to crypto funds to all client groups, expanding beyond its previous restriction to high-net-worth investors. The bank also now allows retirement account holders to invest directly in crypto funds.
In the U.S., total retirement assets are estimated at $45.8 trillion.

JPMorgan reported that a Solana ETF has a high likelihood of approval by the U.S. SEC this October. However, the bank expects capital inflows of only around $1.5 billion in its first year, significantly lower than those seen with Bitcoin and Ethereum ETFs, due to weaker fundamentals, Solana’s lesser reputation compared to Ethereum, and its stronger association with meme coins rather than real-world use cases.

Changpeng Zhao (CZ), co-founder of Binance, has launched a $1 billion fund through YZi Labs to support blockchain projects on the BNB Chain, including DeFi, RWA, AI, DeSci, as well as Wallet and Payments initiatives.

Technical Analysis

Bitcoin (BTC)

Bitcoin (BTC) has corrected down to its 200-day moving average at $108,000, which also coincides with its previous low. This price level serves as a key support zone. If Bitcoin fails to hold above it, short-term traders are advised to cut losses. The first resistance target is at $116,500, and a breakout above this level would open the possibility for Bitcoin to retest its previous high.

• Support: 3,500,000 THB / 108,000 USD
• Resistance: 3,880,000 THB / 116,500 USD
  

Ethereum (ETH)

Ethereum (ETH) corrected below its previous low before quickly rebounding and recovering above $3,600, which now serves as a key support level. The next target is a potential rebound toward the $4,800 resistance. Traders may look for buying opportunities as long as the price holds above this support zone.

• Support: 124,500 THB / 3,600 USD
• Resistance: 152,000 THB / 4,800 USD

Synthetix (SNX)

Synthetix (SNX) delivered a 105.14% gain over the past week, showing strong upward momentum. Traders are advised to wait for a price pullback and look for buy-on-dip opportunities around the $1.860 support level. The short-term profit-taking target is near the previous high at $2.580. Overall, the broader trend is turning bullish, signaling a potential trend reversal to the upside.

• Support: 56 THB / 1.860 USD
• Resistance: 84 THB / 2.580 USD

Bittensor (TAO)

Bittensor (TAO) recorded a 22.70% gain over the past week, with signs of a potential bullish reversal forming in the broader trend. Traders may look for buying opportunities around the $400 support level, with a short-term profit target at $460. A confirmed breakout above this resistance would signal a full bullish trend reversal.

• Support: 1,300 THB / 400 USD
• Resistance: 1,480 THB / 460 USD
  

Investment Trends

The cryptocurrency market has rebounded sharply following a major sell-off over the past weekend. This came after the United States and China showed signs of easing tensions over tariffs, and crypto was not directly affected. However, the market is expected to remain volatile until both countries reach a formal agreement.

Key highlights this week include Tuesday, October 14, 2025, when the Federal Reserve Chair is scheduled to speak on monetary policy; Wednesday, October 15, 2025, when CPI data will be released; and Friday, October 17, 2025, when Non-Farm Payroll and unemployment rate reports will be announced.

However, if the U.S. government shutdown continues, these economic reports may not be released.

From a macroeconomic perspective, the U.S.-China tensions and the government shutdown have not directly affected the crypto market. The market may continue to recover but will remain volatile, and there is a risk that the delayed economic data could come out worse than expected, affecting market sentiment. Trading strategies from here onward should be more cautious, even though the overall market trend remains bullish.

References

• https://www.bloomberg.com/news/articles/2025-10-10/crypto-sees-more-than-3-billion-in-liquidations-in-past-hour 
• https://finbold.com/banking-giant-makes-super-bold-gold-and-bitcoin-2030-prediction/ 
• https://cointelegraph.com/news/standard-chartered-stablecoin-outflows-2028 
• https://cointelegraph.com/news/square-bitcoin-payments-merchants-crypto 
• https://cointelegraph.com/news/morgan-stanley-crypto-fund-access-all-investors 
• https://www.theblock.co/post/374019/jpmorgan-solana-etfs-low-inflows-1-5-billion-first-year
• https://cointelegraph.com/news/yzi-labs-cz-1-billion-bnb-builder-fund-token-new-highs

Disclaimers

• Cryptocurrencies and digital tokens are highly risky; investors may lose all investment money. It is important to study information carefully and invest based on your own risk profile.
• Past returns or performance of digital assets do not guarantee future returns or performance. 

Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.