In the ongoing battle between bulls and bears in the cryptocurrency market, recent developments suggest that bears are gaining the upper hand, at least for the moment. According to Lookonchain, a prominent on-chain analytics provider, Machi Big Brother, a well-known crypto trader and whale, has just experienced a partial liquidation. This event underscores the volatile nature of crypto trading, where leveraged positions can quickly turn against even the most experienced players. As we delve into this analysis, we'll explore the implications for major cryptocurrencies like BTC and ETH, examining price movements, trading volumes, and potential trading opportunities that savvy investors might consider in this bearish climate.

Bears Dominate as Liquidations Hit Crypto Whales

The partial liquidation of Machi Big Brother, reported on October 30, 2025, highlights a broader trend where bearish pressures are forcing out over-leveraged positions across the market. Machi Big Brother, often associated with significant holdings in Ethereum (ETH) and various meme coins, saw part of his portfolio liquidated amid declining prices. This isn't an isolated incident; on-chain data reveals a surge in liquidations over the past 24 hours, with total crypto liquidations exceeding $200 million as of the latest reports. For instance, Bitcoin (BTC) has been trading around the $68,000 mark, showing a 2.5% decline in the last day, while ETH dipped below $2,500, marking a 3.8% drop. These price movements correlate directly with increased selling pressure, as bears capitalize on market uncertainty driven by macroeconomic factors like interest rate speculations and regulatory news. Traders should watch key support levels for BTC at $65,000 and for ETH at $2,400, as breaches could trigger further liquidations and open short-selling opportunities.

On-Chain Metrics Signal Bearish Momentum

Diving deeper into on-chain metrics, trading volumes have spiked, with BTC's 24-hour volume surpassing $30 billion on major exchanges, indicating heightened activity amid the bear win. Ethereum's network metrics show a similar story, with gas fees rising due to increased transaction volumes related to liquidations and panic selling. According to on-chain insights, Machi Big Brother's liquidation involved positions in ETH perpetual futures, where a sudden price drop led to margin calls. This event has ripple effects, potentially influencing sentiment in related trading pairs like ETH/USDT and BTC/USDT. For traders, this presents a chance to monitor resistance levels; if BTC fails to reclaim $70,000 in the coming sessions, it could confirm a bearish trend continuation. Institutional flows, as tracked by various analytics, show a net outflow from crypto funds, further bolstering the bear case. However, contrarian traders might look for reversal signals, such as a spike in buy orders at support zones, which could signal a bull trap or genuine recovery.

From a broader market perspective, this bear dominance ties into stock market correlations, where crypto often mirrors movements in tech-heavy indices like the Nasdaq. With recent dips in AI-related stocks, there's a noticeable impact on AI tokens in the crypto space, such as those linked to decentralized computing projects. Trading opportunities here include hedging strategies: shorting ETH against a long position in stablecoins or exploring options trading for volatility plays. Remember, while bears are winning now, crypto markets are notoriously cyclical. Historical patterns from 2022 bear markets show that such liquidations often precede capitulation bottoms, offering entry points for long-term holders. To optimize your trading strategy, focus on real-time indicators like the RSI, which for BTC is hovering around 45, suggesting oversold conditions that might attract bargain hunters.

Trading Strategies Amid Bearish Pressures

For those navigating this bulls vs bears scenario, a detailed trading plan is essential. Consider scalping opportunities in volatile pairs like SOL/USDT, where Solana (SOL) has seen a 4% drop to around $170, with trading volume up 15% in the last 24 hours. On-chain data indicates whale movements, similar to Machi Big Brother's, are contributing to this volatility. Risk management is key—set stop-losses below recent lows to avoid liquidation risks yourself. Additionally, explore cross-market plays: if stock markets rebound on positive earnings from AI giants, it could lift crypto sentiment, creating buy-the-dip moments for ETH and BTC. In summary, while bears hold the advantage following events like this partial liquidation, staying informed with on-chain analytics can help identify turning points. Always trade with verified data and consider multiple timeframes for a comprehensive view.

This analysis, drawing from the core narrative of bearish wins and whale liquidations, emphasizes the need for caution in leveraged trading. With no immediate signs of bull reversal, focus on defensive strategies to preserve capital. As the market evolves, keep an eye on upcoming economic data releases that could shift the balance back to bulls.