Encryption Daily | Trump's moderate remarks boost BTC back to $115,000, but the market leverage has dropped to 2022 Bear Market levels.

BlockBeats news, on October 13, according to on-chain AI analysis tool Coinbob monitoring, driven by politics and liquidity, the crypto market experienced a technical rebound after the epic liquidation on October 11 (with $19.1 billion liquidated). Bitcoin rose to $115,000 within 24 hours, Ethereum broke through $4,150, and the total market capitalization rebounded to $4 trillion. However, the market leverage has dropped to the levels of the 2022 Bear Market, and Whale movements and institutional liquidation risks have not yet been resolved. Macroeconomic triggers: - Trump's moderate comments led to a synchronized rebound in U.S. stock futures and the crypto market - The bipartisan government budget stalemate continues, and the Labor Statistics Bureau confirmed that the September CPI data will be delayed until October 24. Market focus: - The aftermath of the epic liquidation has not calmed down. Glassnode data shows that market leverage has dropped to the levels of the 2022 Bear Market - Former BitForex CEO Garrett Jin is a holder of 46,000 BTC on the Hyperliquid platform, and on-chain operations have raised concerns about selling pressure - Several hedge funds warn of potential liquidation risks, with $100,000 for Bitcoin becoming a key support level. Risk structure: - Market leverage has significantly decreased, and Bitmine related addresses have withdrawn 78,800 ETH (approximately $302 million) over two days - The fear index has dropped to 24 (extreme fear), the alt season index has fallen to 34, and altcoin liquidity has not recovered, with concerns remaining about stablecoin depegging - USDe and other stablecoins still face risks of depegging, and collateral liquidation pressure needs to be monitored. Other news: - Trump's youngest son, Barron, holds 10% of World Liberty Financial, with an estimated value of $150 million - U.S. President Trump indirectly holds approximately $870 million in Bitcoin, potentially placing him among the largest Bitcoin investors globally. Rhythm BlockBeats reminds investors that the cryptocurrency market has been highly volatile recently, and investors need to pay attention to risk control.