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BTC 
ETH Analysts believe that the crypto market is in a "false breakthrough" stage
As the prices of Bitcoin and Ethereum stabilize at around US$82,000 and US$2,400 respectively, the cryptocurrency community generally expects the market to enter a stage of price recovery. However, in the aftermath of the market turmoil, experts have hotly debated the possibility of crypto-asset price movements in the fourth quarter of 2026 (Q4). An analyst pointed out that the current market may be in a "false breakthrough" stage, with market makers trying to clean up positions on both sides of the long and short sides. Although several corrections are still expected, the analyst remains highly optimistic about the market outlook for the fourth quarter.
The market fluctuates violently: the long-short game intensifies
Recently, the price of bitcoin fell from US$87,000 to US$80,000 in 48 hours, causing the price of altcoin to decline simultaneously, and the price of Ethereum also fell from US$2,700 to US$2,400. Other altcoins also fell with these pioneer assets. As the final quarter of the year kicks off, analysts continue to discuss the future direction of Bitcoin and the entire altcoin market.
Data shows that Bitcoin sold from US$83,500 to US$80,300 yesterday, resulting in the liquidation of US$1 billion in long positions; but today Bitcoin quickly rebounded to more than US$83,400, clearing another US$220 million in short positions. Currently, there is a large amount of liquidity below US$80,000 and may be further swept up; while between US$83,500 and US$88,000, there are nearly three times as many clearing clusters below. This suggests that the direction of the market is not yet clear and that market makers are trying to clear holders 'positions in both directions.
利用恐慌情绪清洗筹码
与此同时，另一位分析师在其预测中指出，当前市场表现旨在制造一种“假象”，让所有人误以为所谓的“PUMP十月”（指传统上加密市场在十月份上涨的现象）已经取消。10月初，比特币在48小时内暴跌近7,000美元，以太坊下挫10%，山寨币跌幅达15%-20%，几乎导致10亿美元的多头头寸被清算。
此外，该分析师声称，市场同时遭受了人工智能领域的负面舆论（FUD）、美国政府移动比特币储备、特朗普重启战争言论以及历史性的“10月10日创伤后应激障碍”等多重利空打击。散户因恐慌而抛售，看跌派呼吁价格降至40,000美元，许多人甚至认为牛市已经结束。而这正是大型资本集团和鲸鱼账户希望散户产生的想法，以便以低价收购持仓者的资产。随着看跌情绪升温，空头头寸将进一步堆积。
第四季度展望：强力反转在即
基于此，该分析师得出结论：当所有人都确信“PUMP十月”已取消且价格将继续下行时，市场将迎来反转。我们将看到类似8月份那样的巨大阳线（God Candles）。预计到10月底并进入第四季度，一场大规模的空头挤压将推动比特币飙升至90,000美元以上，以太坊触及3,000美元，山寨币也将创下年度新高。
He reiterated that this only represented his personal expectation and that a correction could still occur during the period, but he remained strongly bullish on the overall trend in the fourth quarter.
