According to @GracyBitget, post-Oct 11 risk cuts by major market makers have thinned order books, producing liquidity vacuum behavior where small sell orders pierce multiple levels, low volume drives outsized price swings, and BTC has broken both the 200-day and 360-day moving averages with RSI near 33 and no reversal signal, indicating a liquidity-driven correction rather than a cycle top; key recovery signal is a reclaim of $102K–$103K around the MA360 zone, source: @GracyBitget. She emphasizes BTC is trading on US domestic dollar liquidity: ongoing Fed QT, elevated Treasury yields, collapsed December rate-cut expectations, and constrained TGA flows are tightening conditions and suppressing risk appetite in high-beta assets, weighing on BTC’s ability to sustain rallies, source: @GracyBitget. Capital flow signals show continuous spot BTC ETF outflows with daily peaks of $800M–$900M, a clean gauge of US institutional risk appetite pointing to caution, while Korean retail capital has rotated toward AI and semiconductor equities with Upbit volumes down 80% YoY, BTC/KRW activity subdued, and KOSPI up over 70% YTD as retail forums shift focus, source: @GracyBitget. Microstructure dynamics align with Fundstrat’s point that market-maker balance-sheet holes create shallow order books and amplify price impact, reinforcing the current volatility regime, source: Fundstrat via @GracyBitget. Trading takeaways: this is a deep liquidity-driven correction with muted volume and "no-bid" tape rather than heavy sell pressure; risk control and low leverage are prioritized until US liquidity expands, with technicals secondary to a confirmed liquidity shift, source: @GracyBitget.

According to @GracyBitget, post-10.11, top market makers cut risk, thinning order-book depth and creating liquidity vacuum moves where small sell orders pierce multiple levels and price whips without large volume, driving BTC to simultaneously lose the 200-day and 360-day moving averages for the first time this cycle, with RSI near 33 and no reversal signal, indicating a liquidity-driven correction rather than a structural bear trend, source: @GracyBitget. According to @GracyBitget, BTC is trading a US domestic liquidity cycle—tight QT, elevated Treasury yields attracting flows into risk-free returns, TGA constraints tied to government shutdown dynamics, and weaker December rate-cut odds—keeping dollar liquidity scarce and capping BTC, source: @GracyBitget. According to @GracyBitget, she argues the next major BTC leg will be determined by whether the US restarts QE, with timing of balance-sheet expansion more decisive than technicals, source: @GracyBitget. According to @GracyBitget, spot BTC ETFs have posted multiple days of net outflows with single-day peaks of roughly $800M–$900M, signaling US institutions are near-term risk-off, source: @GracyBitget. According to @GracyBitget, Korean retail risk appetite has rotated from crypto to AI semiconductors—Upbit volumes down about 80% year over year, BTC/KRW activity muted, KOSPI up over 70% YTD, and retail forums pivoting to AI/semis—implying in a constrained global liquidity regime, capital is choosing the strongest beta (AI) over crypto for now, source: @GracyBitget. According to @GracyBitget, key trading levels and signals are: watch for BTC to reclaim 102K–103K (near the 360-day MA) for a clearer reversal confirmation; price declines show low-volume, no-panic selling with poor bid depth rather than heavy forced supply, so risk management via smaller position sizing and lower leverage is prioritized until a clear QE-driven liquidity inflection appears, source: @GracyBitget.