Bitcoin analysts warn: expect 20% corrections before new all-time highs
In a recent analysis, market commentator Jordi Visser argues that Bitcoin’s ascent toward new all-time highs will not be smooth, it’s likely to undergo significant corrections of 20 % or more along the way. The article draws a parallel between Bitcoin’s price behavior and that of NVIDIA, which, despite its enormous gains over recent years, experienced multiple deep pullbacks en route to new highs.
Visser notes that since the launch of ChatGPT, NVIDIA stock has surged more than 1,000 %, yet saw five separate corrections of 20 %+ during that rally. He expects Bitcoin to follow a similar pattern, suggesting that investors should mentally prepare for substantial drawdowns even in an overall bullish run.
He places Bitcoin firmly within the “AI trade” narrative, suggesting that as artificial intelligence disrupts traditional industries, capital will flow toward digital assets like BTC as a store of value or alternative investment. In this view, Bitcoin stands to benefit from the structural shifts in the global economy.
However, amid this optimism, Visser warns of lingering downside risks. Bitcoin is currently trading well below its previous all-time high (i.e., the piece mentions ~11 % below a peak above $123,000, with some speculation of a next target near $140,000).
Some analysts, by contrast, believe the recent correction may not be temporary, but could mark the start of a deeper bear market, potentially dragging BTC down toward $60,000.
Challenges such as regulatory uncertainty and the lack of coordinated institutional or sovereign BTC buying (for example, a hypothetical U.S. “strategic Bitcoin reserve”) are cited as factors that could hold the price back or increase volatility.
In short, Visser’s thesis is that even if Bitcoin has strong upside potential, its path upward will likely feature sharp intermittent declines — just as high-growth equities often do. Investors should anticipate and tolerate these corrections rather than expect continuous, unbroken gains.
Source: Cointelegraph
Tom Lee’s BitMine widens Ether treasury lead as ETH stash hits $11 billion
BitMine, the U.S.-listed company led by prominent market strategist Tom Lee, has expanded its already commanding position as the largest corporate holder of Ethereum. According to filings and market disclosures, the firm’s Ether treasury has now surpassed $11 billion following its most recent acquisition. This move further distances BitMine from other corporate and institutional investors, solidifying its reputation as the most aggressive public entity accumulating ETH.
The purchase comes at a time when institutional attention is increasingly shifting toward Ethereum, driven by optimism about tokenization, decentralized finance, and the growing integration of AI-related applications on blockchain networks. Lee has repeatedly emphasized that Ethereum is the digital asset most aligned with Wall Street and U.S. policymakers, positioning it as the backbone for future financial infrastructure. BitMine’s continued accumulation reflects this thesis and aims to provide shareholders with long-term exposure to what Lee considers the most strategically important blockchain after Bitcoin.
The company’s aggressive treasury strategy is being compared to MicroStrategy’s Bitcoin playbook, but with a distinctive focus on Ethereum. Analysts note that while Michael Saylor turned MicroStrategy into the largest corporate holder of Bitcoin, Tom Lee appears determined to replicate — and potentially surpass — that success by making Ethereum BitMine’s primary reserve asset. This could set the stage for a broader wave of institutional ETH adoption, especially as more firms seek diversified exposure to digital assets beyond Bitcoin.
The scale of BitMine’s holdings now means it rivals or even exceeds the ETH positions of major ETFs and trusts, reinforcing Ethereum’s legitimacy as a core asset for institutions. Furthermore, the company’s accumulation strategy highlights the growing divergence in crypto markets: Bitcoin is increasingly framed as a digital alternative to gold, while Ethereum is viewed as the infrastructure layer for tokenization, AI integration, and next-generation financial products.
Still, risks remain. Ethereum’s price volatility, upcoming regulatory scrutiny under the U.S. SEC, and uncertainty around global adoption could expose BitMine to significant drawdowns. Yet Tom Lee maintains that the structural demand for ETH is undeniable and that its long-term value proposition outweighs near-term risks.
In summary, BitMine’s $11 billion ETH treasury marks a milestone in corporate crypto adoption. By doubling down on Ethereum, Tom Lee is not only shaping BitMine’s future but also signaling to Wall Street that ETH is ready to compete with Bitcoin as a primary institutional asset.
Source: ZyCrypto
XRP price faces crucial $2.75 support: will October spark a new rally?
The article explores whether XRP can sustain its current price levels and trigger a renewed rally in October. As of late September, XRP is trading around $2.77, having fallen by roughly 14% over the past two weeks.
Key price levels & technical setup
A crucial support zone lies around $2.75. If XRP fails to hold above that level, it could risk further downside toward $2.00, which is the bearish target implied by a symmetrical triangle pattern.
Conversely, a successful defense of $2.75 would increase the odds of a breakout over the $2.81 resistance level (which is near the 100-day simple moving average, SMA). Should the resistance give way, technical projections suggest a possible move toward $3.62.
On-chain data also plays a role: a large demand cluster exists around $2.75, where roughly 1.58 billion XRP changed hands, reinforcing that price level’s importance.
Risks & historical seasonality
But October is not historically favorable for XRP. Since 2013, the month has ended in the red in 7 out of 12 years, with an average return of −4.58 %. Despite that, the October–December period (Q4) tends to be stronger overall, with historically high average gains.
One wildcard is the approval of XRP spot ETFs. Several ETF rulings are expected in mid-October (e.g. Grayscale’s decision on October 18), and analysts believe that if approvals are granted, they could bring $4–$8 billion in new inflows. Still, the risk of a “sell-the-news” effect is also flagged — i.e. the market may price in the ETF approval beforehand, leaving limited upside when the event actually occurs.
Bottom line
XRP’s ability to spark a fresh rally in October hinges critically on whether it can maintain support above $2.75 and overcome resistance near $2.81. A successful breakout could open the path to $3.62, while a failure might lead to a drop toward $2.00. Although October has historically been a weaker month for XRP, the broader prospects for Q4 and potential ETF catalysts could shift the narrative — especially if institutional capital enters. Still, cautious optimism is warranted, given both the upside possibilities and the downside risks.
Source: Cointelegraph