BiyaPay Analyst: Bitcoin and Ethereum Approach Yearly Highs, Boosting US Stock Market "BitStock" Concept Stocks in Overnight Trading

According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major centralized exchanges (CEXs) will reach $394 million. Conversely, if Bitcoin breaks above $78,000, the cumulative short liquidation intensity on major CEXs will hit $227 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the chart represent the relative importance (i.e., intensity) of each liquidation cluster compared to adjacent clusters. Thus, the chart shows the degree of impact a given price level of the underlying asset will face. A higher "liquidation bar" indicates that once the price reaches that level, it will trigger a more intense reaction due to liquidity waves.

Crypto analyst Ali Charts posted that Bitcoin has bottomed out. For investors who missed the buying opportunity below $60,000, BTC’s current rise to the $77,000–$80,000 range may feel anxiety-inducing, but chasing the rally now is not advisable. He noted that during previous bull markets, Bitcoin’s short-term holder cost basis has repeatedly served as an attractive accumulation zone. Reviewing market performance from 2022 to 2025, whenever BTC touched or briefly dipped below this cost basis, a macro buying opportunity emerged, followed by a sustained overall uptrend. Currently, Bitcoin’s short-term holder cost basis stands at around $71,200. Waiting patiently for BTC to pull back to this zone could offer a more favorable entry point for the next potential rally.

Crypto trader Ansem stated in a post that Solana ecosystem meme coin ZCAT has caught his attention, and can be seen as an alternative way to gain exposure to ZEC’s market. ZCAT forms a trading pair with ZEC, and funds its reward mechanism through a 3% token transfer tax. The corresponding ZEC rewards are distributed directly to eligible ZCAT holders, enabling on-chain speculators to gain exposure to the Zcash narrative. Ansem also pointed out that the transfer tax increases transaction friction, which is the main trade-off of this mechanism; he considers the design interesting, but it is a high-risk spot trade.

According to CoinGlass data, Ethereum (ETH) has rallied 60.62% cumulatively so far in Q3 2026, marking the second-best third-quarter performance in ETH’s history—only trailing the 66.55% gain recorded in Q3 2025. The 59.5% return from Q3 2020 ranks third. Historical data shows ETH’s average third-quarter return across years stands at 12.28%, with a median of 9.87%. ETH fell 29.26% in Q1 and 25.28% in Q2 this year, with a notable rebound in Q3 so far. However, the quarter is not yet complete, so the final quarterly return may still change.

Uniswap stated in a post that its protocol has processed over $70 billion in trading volume over the past month, surpassing the combined total of the three DEXs ranked after it in trading volume for the same period.

According to a Financial Times report, low-profile venture capital firm Vy Capital currently holds SpaceX shares worth roughly $40 billion, representing approximately a 3.4% stake. Per Bloomberg data, the firm is now SpaceX’s fifth-largest shareholder, with disclosed holdings exceeding those of Silicon Valley peers including Sequoia Capital and Andreessen Horowitz. Vy Capital first invested in SpaceX in 2016, when the company was valued at around $15 billion. Following SpaceX’s public listing this year at a valuation of roughly $1.75 trillion, the value of its stake has grown significantly. Vy Capital is also the largest external investor in Elon Musk’s tunnel construction firm The Boring Company and brain-computer interface firm Neuralink, and committed $7 billion toward Musk’s 2022 acquisition of Twitter. The firm’s leader, John Hering, has a close relationship with Musk. Shortly after a Falcon 9 rocket launch failure in 2016, he invested over $100 million in SpaceX. Since 2019, he has contributed to Starlink’s early operations, including hiring staff and building financial models, and once held SpaceX employee credentials. Hering currently serves as a director of The Boring Company, and Vy Capital also participated in the firm’s recent $30 billion funding round. Vy Capital’s assets under management (AUM) rose from $27 billion at the end of last year to $50 billion as of June this year. In its investor letter, the firm noted that since its founding in 2014, it has delivered a total internal rate of return (IRR) of 41% and distributed $46 billion to investors. Vy Capital projects that if its investment thesis holds true, SpaceX’s valuation will exceed $10 trillion over the next five to seven years. The firm currently has just dozens of employees, with a core investment team of four, and stopped accepting external investors last year.