Recovery After $500B Crash Sets Stage for Q4 Rebound: Crypto Daybook Americas

• Following the largest liquidation event in the industrys history, major cryptocurrency prices have begun to stabilize, gradually reverting to levels seen the previous week. ETH briefly dipped to $3,400 before rebounding to reclaim the weekly range lows around $4,070.
• Notably, the $3,400 zone aligns with the EMA200 on the daily timeframe, providing a strong technical support. ETH is currently trading near $4,150, just below the daily EMA50.
• Bulls will want to see a weekly close above the $4,070, effectively establishing a swing low and signalling renewed strength in the trend.

Crypto Equities

• Coinbase Global (COIN): closed on Friday at $357.01 (-7.75%)
• Circle Internet (CRCL): closed at $132.94 (-11.66%)
• Galaxy Digital (GLXY): closed at $39.38 (-6.73%)
• Bullish (BLSH): closed at $60.41 (-9.44%)
• MARA Holdings (MARA): closed at $18.65 (-7.67%)
• Riot Platforms (RIOT): closed at $21.01 (-5.7%)
• Core Scientific (CORZ): closed at $18.52 (+2.66%)
• CleanSpark (CLSK): closed at $19.28 (-4.03%)
• CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $55.34 (-3.87%)
• Exodus Movement (EXOD): closed at $28.5 (-3.94%)

Crypto Treasury Companies

• Strategy (MSTR): closed at $304.79 (-4.84%)
• Semler Scientific (SMLR): closed at $26.8 (-5.37%)
• SharpLink Gaming (SBET): closed at $15.31 (-9.65%)
• Upexi (UPXI): closed at $6.35 (-7.3%)
• Lite Strategy (LITS): closed at $2.47 (-2.76%)

ETF Flows

Spot BTC ETFs

• Daily net flow: -$4.5 million
• Cumulative net flows: $62.73 billion
• Total BTC holdings ~ 1.36 million

Spot ETH ETFs

• Daily net flow: -$174.9 million
• Cumulative net flows: $14.92 billion
• Total ETH holdings ~ 6.87 million

Source: Farside Investors