If Bitcoin breaks $118,000, the mainstream CEX cumulative short liquidation intensity will reach $1.303 billion

On October 13th, as monitored by the on-chain AI analysis tool Coinbob (available at https://t.me/CoinbobAI_bot), driven by political and liquidity factors, the crypto market witnessed a technical rebound following the epic liquidation on October 11th (with 191 billion USD in liquidations). Bitcoin surged to $115,000 within 24 hours, Ethereum broke through $4,150, and the total market capitalization rose to $4 trillion. However, the market's leverage ratio has dropped to the bear market level of 2022, and the risks of whale movements and institutional liquidations have not been eliminated. **Macro Triggers:** - Trump's mild statements led to a synchronous rebound in US stock futures and the crypto market. - The U.S. bipartisan government budget deadlock persists, and the Bureau of Labor Statistics has confirmed that the September CPI data will be delayed until October 24th. **Market Focus:** - The aftermath of the epic liquidation is not over. According to Glassnode data, the market'

On October 13th, CZ made a post on the X platform, saying, "While others try to ignore, hide, shift the blame, or attack competitors, key BSC ecosystem participants (Binance, Venus, etc.) have used their own funds for billions of dollars to safeguard users. A different value system is at play." Before this news, the Founder of Hyperliquid publicly criticized Binance for the problem of inflated trading volume.

On October 13th, in response to the community's proposal that "There is a lack of prediction market projects in the BSC ecosystem," He Yi replied, "Welcome professional friends to build one on the BNB chain. YZi Labs will invest."

October 13th. Hyperliquid co-founder Jeff stated in a post that "Hyperliquid is a blockchain on which all orders, trades, and settlements are carried out on-chain. Anyone can verify the chain's execution without permission. This includes all settlements and their fair execution for all users. Additionally, anyone can verify the real-time solvency of the entire system. Transparency and neutrality are key reasons why full-chain DeFi is set to become the ideal global financial infrastructure." Some centralized exchanges have publicly announced that they significantly underreport user settlements. For instance, on Binance, even if there are thousands of settlement orders within the same second, only one is reported. Due to the sudden nature of settlements, in some cases, the underreporting can easily reach 100 times. It is hoped that the industry will regard transparency and neutrality as essential features of the new financial system and encourage other industries to follow suit.