Three reasons behind the crypto sell-off: cycle timing, 10/10 anniversary and AI threat to cryptography
- —BTC dropped to about $80,300 as total market cap fell 4.4% in 24 hours to $2.77 trillion
- —Over $1 billion in leveraged positions were liquidated in a day, including $600 million in a single hour
- —The cycle bottom is expected in October 2026, a year after the $126,080 peak on October 6, 2025
- —Glassnode estimates about 6.04 million BTC are held behind already exposed public keys
Why it matters: If October 10 passes without incident and the cycle-bottom window closes, sidelined buyers may return; the AI-versus-cryptography debate is likely to persist well beyond this sell-off.
Source: BeInCrypto FR