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Bitcoin Bull Run Coming To An End: Cycle Peak Countdown Signals 99.3% Completion

After a turbulent few days, Bitcoin (BTC) has resumed its downtrend, currently retracing toward $111,000. This marks a 12% decline from its recent peak of $126,000, which raises concerns among market experts who suggest that the bull run may be closer to its end than many investors believe. End Of Bitcoin Bull Cycle Within Nine Days? On October 14, market analyst CryptoBirb, took to social media platform X (formerly Twitter) to assert that the bullish cycle is nearing its conclusion, stating that it may end within the next nine days. He referenced the Cycle Peak Countdown indicator, which suggests that Bitcoin is 99. 3% through its current cycle, having lasted 1, 058 days. According to CryptoBirb, this final stage is characterized by a “textbook shakeout of weak hands,” a common pattern observed before market peaks. Related Reading: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal CryptoBirb emphasized that October 24 serves as a critical target date, just nine days away, and labeled the recent crash as “right on schedule.” He further explained that the market is deep within the peak zone, with 543 days elapsing since the last Bitcoin Halving, exceeding the historical peak window of 518 to 580 days. The sentiment in the market also appears to have shifted dramatically, with the Fear & Greed Index plummeting from 71 to 38, indicating a reset from fear to euphoria. The Relative Strength Index (RSI) also dropped from 67 to 47, suggesting that this emotional washout may create an ideal launchpad for a final euphoric surge. However, technical indicators show mixed signals: while the Average True Range (ATR) has expanded to 4, 040, indicating higher volatility, the RSI’s position at 47 suggests a reset momentum. What On-Chain Metrics Suggest Institutional investors have also begun to shift their strategies, as evidenced by recent Bitcoin Exchange-Traded Fund (ETF) flows, which reversed from $627 million in inflows to $4. 5 million in outflows. Ethereum ETF outflows reached $174. 9 million, indicating that smart money is taking profits before retail investors potentially fear of missing out (FOMO) in. CryptoBirb asserts that this behavior aligns with a classic distribution-to-accumulation transition. Related Reading: Hyperliquid Holders Left In The Dark: Monad Protocol Faces Scrutiny Over MON Airdrop On-chain metrics reflect a cooling market, with the Net Unrealized Profit/Loss (NUPL) dropping to 0. 522 from 0. 556, and the Market Value to Realized Value (MVRV) declining to 2. 15 from 2. 45. These profit-taking actions may be creating the necessary space for a final euphoric push. When examining October’s performance, Bitcoin is down 2. 09% month-to-date, contrasting sharply with its historical average of a 19. 78% increase. This underperformance could actually be a bullish sign, suggesting that a significant move may still be on the horizon in the final weeks of the month. In summary, the current cycle appears to be 99. 3% complete. It has already spent 25 days in the peak zone and experienced a reset in sentiment and institutional distribution, as well as weak performance in October. However, if the analyst’s thesis proves right, this blending could turn into a perfect storm for a final surge before entering a new crypto winter. Featured image from DALL-E, chart from TradingView. com.

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Edelteq launches Halovision JV, secures strategic investment from Kumpulan Modal Perdana

KMP to invest up to US$672,000 in Halovision The investment will advance the Raptor and i-Falke series & provide working capital support Edelteq Holdings Berhad has announced the establishment of Halovision System Sdn. Bhd., a joint venture with Halo Technologies Sdn. Bhd., to develop and commercialise advanced Automated Optical Inspection (AOI) systems for the global semiconductor industry. As part of this milestone, Kumpulan Modal Perdana Sdn. Bhd. (KMP)a tech-focused venture capital firm wholly owned by the Minister of Finance and operating under the purview of the Ministry of Science, Technology and Innovation will invest up to US$672,000 (RM3. 2 million) in Halovision. The funds will accelerate the development of the Raptor series for substrate panel inspection and the i-Falke series for wafer-level inspection, as well as supporting working capital requirements. This partnership is a strong vote of confidence in Halovisions technology and vision. With KMPs strategic backing, we aim to accelerate product development and position Malaysia as a key contributor to the next wave of semiconductor innovation, said Chin Yong Keong, Group CEO of Edelteq Holdings Berhad. Lee Hui-Ni, Chief Investment Officer of KMP, added: We are proud to support Halovision in its journey here in Malaysia as it advances towards delivering world-class semiconductor inspection solutions. This investment underscores our deep commitment to nurturing home-grown innovation and strengthening Malaysias position in the global electronics and semiconductor value chain. Meanwhile, John Moon, CEO of Halovision System Sdn. Bhd., said: At Halovision, our mission is to push the boundaries of inspection technology to meet the evolving demands of the semiconductor industry. With the combined strengths of Edelteq, HTSB and KMP, we are confident of bringing cutting-edge solutions such as the Raptor and i-Falke series to market and establishing Halovision as a trusted technology partner globally. The creation of Halovision, together with KMPs investment, underlines Edelteqs commitment to advancing semiconductor equipment capabilities and deepening Malaysias footprint in the global high-tech ecosystem. Beyond capital deployment, the investment represents a strategic collaboration between a government-owned venture capital fund and a publicly listed company to support a pioneering Malaysian semiconductor start-up. The partnership is positioned to accelerate industry advancement in line with Malaysias National Semiconductor Strategy by cultivating local talent and technological capability, upgrading the value chain, and strengthening Malaysias role as a pivotal enabler in the global semiconductor ecosystem.

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ARK Invest Forecast Highlights $25 Trillion Crypto Market Cap, Here’s How Much Ethereum And XRP Will Be

Ark Invest, an American investment management firm, has recently shared a long-term forecast that envisions the Ethereum (ETH) price reaching the six-digit territory if the total crypto market capitalization surges to $25 trillion. Ark Invest also notes that Ethereum stands to be one of the biggest winners in this scenario, with XRP also set to [.].