Latest / DeepMarket: Crypto Daily
2026-10-08：Geopolitical Shockwaves Dismantle Crypto's "Phantom Rally" as Sovereign Yields Trigger Mass Deleveraging
Was Bitcoin's recent push past eighty-five thousand dollars ever real, or was the market running on pure phantom liquidity? When geopolitical missile strikes in the Middle East sent crude oil past one hundred dollars and pushed the U.S. ten-year Treasury yield to twenty-year highs, crypto was caught off guard. But the real shockwave was already brewing beneath the surface. On-chain forensic data reveals that over sixty percent of recent valuation gains came from recycled holder churn, not new institutional money. Now, with nearly half a billion dollars fleeing spot ETFs in a single day, an…
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