Bitcoin is struggling to reclaim momentum as it trades below the critical $90,000 level, with selling pressure dominating the market and fear spreading rapidly. Many analysts are leaning toward calling the start of a new bear market, arguing that Bitcoin likely topped in early October near $126,000. Momentum has weakened sharply since then, and investor behavior now reflects a shift toward risk-off positioning. This unprecedented transfer is clearly visible in the Long-Term Holder Net Position Change chart, which shows a massive red bar a negative daily difference signaling heavy outflows from long-term holder wallets. This type of behavior typically appears during late-stage bull markets or near local and cycle tops, when long-time investors with substantial profit margins begin realizing gains. At the same time, the corresponding Short-Term Holder Net Position Change chart shows a huge green bar, confirming that newer, more reactive market participants are buying these coins, often at elevated prices. Long-Term Holders Distribute as Short-Term Buyers Absorb Supply CryptoOnchain explains that the current market structure is being shaped by a clear divergence in behavior between Long-Term Holders (LTHs) and Short-Term Holders (STHs). LTHs historically considered the “strong hands” of the market are now heavily distributing, sending large amounts of Bitcoin into the market after months or even years of holding. At the same time, STHs are aggressively buying and accumulating this supply, often entering positions at elevated prices despite growing volatility. This dynamic is not inherently a bearish signal on its own. In fact, such transitions are common during late-stage bull markets, where early investors secure profits while new participants enter the market with fresh capital. It reflects a natural rotation of supply from experienced holders to newer ones, a pattern seen repeatedly in previous cycles. However, the volume of distribution is significant, and it raises an important risk: if incoming demand fails to fully absorb the coins being offloaded by LTHs, the market could face a deeper correction or extended consolidation phase. This supply pressure can weigh on price, especially in a context where sentiment is fragile and macro conditions remain uncertain. Weekly Chart Signals a Critical Retest of Macro Support Bitcoin is attempting to stabilize around the $87,000 level after an intense multi-week sell-off that dragged price as low as $85,946. On the weekly chart, Bitcoin has now tapped the 100-week moving average (green line), a historically important support level during bull-market retracements. This line acted as a springboard in previous cycles, but the current bounce remains weak and indecisive, reflecting the fear dominating the market. Momentum has clearly shifted bearish. The breakdown from the $110K-$100K consolidation zone triggered accelerated selling, confirming a loss of market structure on the weekly timeframe. Candles over the past three weeks show high-volume distribution, with sellers overwhelming demand each time Bitcoin attempted to reclaim higher levels. The steep slope of the 50-week MA turning slightly down is another sign that trend strength has softened. However, the reaction at the 100-week MA is critical. Bulls aggressively defended this area in prior macro corrections, and holding above $83K-$86K keeps the long-term bull structure intact. A weekly close below this zone, however, opens the door to deeper downside toward the 200-week MA near $56K-$60K. Featured image from ChatGPT, chart from TradingView. com.
https://bitcoinethereumnews.com/bitcoin/63k-bitcoin-exits-long-term-wallets-a-surge-of-speculative-short-term-buying/
Tag: corresponding
Umblight Officially Announced by Kristoff Red
**Defeat the Dungeon Master in Umblight**
Kristoff Red has unveiled *Umblight*, an upcoming card-based adventure game inspired by *Inscryption*. The announcement was made during *Inscryption*’s official fourth anniversary stream, generating excitement among fans of strategic, dark-themed card games. Alongside the announcement, the game’s Steam page went live, allowing eager players to add it to their wishlist and prepare for its release.
In *Umblight*, players find themselves trapped in a mysterious, ever-changing room filled with strange machines. To survive, they must build a deck of shadow and light cards, experimenting with combinations to create powerful synergies that can turn the tide against their dungeon master.
The game emphasizes strategic placement, with light cards providing defensive shields and shadow cards dealing damage through enemy units. Each card comes with unique skills that trigger under specific conditions, encouraging players to chain effects together for maximum advantage.
Players further refine their decks by combining and modifying cards, creating increasingly powerful tools for battle. They can upgrade the player card with up to three abilities, each providing major gameplay benefits while balancing them with corresponding drawbacks.
Even coins play a significant role in the game. Players can use coins as zero-cost support cards during battles or save and trade them for stronger cards in the in-game shop.
Every playthrough of *Umblight* presents a fresh challenge, featuring different enemies, rewards, and card interactions. The game encourages creativity, inviting players to experiment with combinations, discover what works, and adapt their strategies for future runs.
Its fast-paced, combo-driven gameplay promises a deeply engaging experience for fans of tactical card games and dark, atmospheric adventures. With its official Steam page now live, *Umblight* is shaping up to be a must-watch title for those seeking a unique, strategic card game with endless replayability.
https://cogconnected.com/2025/10/umblight-officially-announced-by-kristoff-red/
China vows to stand firm against Trump’s 100% tariff threat
**China Stands Firm Against Trump’s 100 Percent Tariff Threat, Urges Negotiations**
*BEIJING –* China signaled on Sunday that it will not back down in response to President Donald Trump’s threat of imposing a 100 percent tariff on imports from China. The Chinese Commerce Ministry urged the US to resolve differences through negotiation rather than threats.
“China’s stance is consistent,” the Commerce Ministry said in a statement posted online. “We do not want a tariff war but we are not afraid of one.”
The statement came just two days after President Trump threatened to raise tariffs on Chinese imports by November 1. This threat was a reaction to China’s new restrictions on the export of rare earth minerals — key components used in numerous consumer and military products.
### Tensions Threaten US-China Meeting and Trade Truce
The escalating tensions risk undermining a potential meeting between President Trump and Chinese leader Xi Jinping, potentially ending a trade truce that saw tariffs on both sides briefly top 100 percent in April.
Throughout the year, Trump has increased import taxes on goods from multiple US trading partners with the aim of securing trade concessions. China, however, has remained resilient, relying on its significant economic clout.
“Frequently resorting to the threat of high tariffs is not the correct way to get along with China,” the Commerce Ministry emphasized in its online post, presented as responses from an unnamed spokesperson to media inquiries. The statement called for resolving concerns through dialogue.
“If the US side obstinately insists on its practice, China will be sure to resolutely take corresponding measures to safeguard its legitimate rights and interests,” the post warned.
### Rare Earths: A Critical Point of Contention
Both China and the US accuse each other of violating the spirit of their truce by imposing new trade restrictions. President Trump has accused China of becoming “very hostile” and accused it of “holding the world captive” by restricting access to rare earth metals and magnets.
China recently implemented regulations requiring foreign companies to obtain special approval to export products containing even trace amounts of rare earth elements sourced from China. These critical minerals are essential for a wide range of products, including jet engines, radar systems, electric vehicles, laptops, and smartphones.
China currently accounts for nearly 70 percent of the world’s rare earth mining and controls approximately 90 percent of global rare earth processing, making access to these materials a key issue in ongoing trade negotiations between Washington and Beijing.
The Commerce Ministry clarified that export licenses would be issued for legitimate civilian uses but noted that these minerals also have military applications.
### Retaliation and Ongoing Disputes
The Ministry also accused the US of introducing new restrictions in recent weeks. These include expanding the list of Chinese companies subject to US export controls and moving forward with new port fees on Chinese ships, set to take effect on Tuesday.
In response, China announced on Friday that it would impose corresponding port fees on American ships.
The escalating tit-for-tat measures underscore the fragile state of US-China trade relations as both countries continue to assert their economic and strategic interests.
*AFP*
https://kashmirreader.com/2025/10/13/china-vows-to-stand-firm-against-trumps-100-tariff-threat/