CZ: Bitcoin is now more inclined to be a store of value rather than a medium of exchange

As the market drops, Machi(@machibigbrother)'s 39,025 $ETH ($99.8M) long is close to liquidation, with a liquidation price of $2,501.38.

Oct 7 Update: #Bitcoin ETFs: 1D NetFlow: +1,268 $BTC(+$105.43M)?? 7D NetFlow: +1,714 $BTC(+$142.56M)?? #Ethereum ETFs: 1D NetFlow: -75,628 $ETH(-$193.41M)?? 7D NetFlow: -149,200 $ETH(-$381.56M)??

According to HTX market data, Bitcoin has fallen below $83,000, with a 4.02% decline over the past 24 hours.

According to BIT (bit.com) market data, as US stock markets opened, optical communication concept stocks led the declines. Astera Labs (ALAB) fell 6.46%, Applied Optoelectronics (AAOI) dropped 5.77%, Coherent (COHR) down 4.98%, Nokia (NOK) down 4.06%, and Credo (CRDO) down 3.97%. Neocloud stocks all trended lower: Hut 8 (HUT) fell 4.99%, Galaxy Digital (GLXY) down 4.94%, Nebius (NBIS) down 4.64%, TeraWulf (WULF) down 4.48%, Applied Digital (APLD) down 4.34%, and CoreWeave (CRWV) down 2.88%. Most semiconductor stocks declined: Lam Research (LRCX) down 2.99%, Arm (ARM) down 2.63%, Marvell Technology (MRVL) down 1.99%, and AMD down 1.16%. All storage stocks fell: SK Hynix (SKHY) down 2.60%, Western Digital (WDC) down 2.32%, Micron Technology (MU) down 2.04%, and Seagate Technology (STX) down 1.46%.

According to BIT (bit.com) market data, US stocks opened, with the Dow Jones Industrial Average down 0.62%, the S&P 500 index down 0.45%, and the Nasdaq down 0.61%. The storage sector fell across the board, with Micron Technology (MU.O) down over 3% and SK Hynix (SKHY.O) down over 2%.

According to market data from BIT (bit.com), all U.S. crypto-related stocks fell at the opening of U.S. stock trading: BitMine (BMNR) dropped 5.04%, SharpLink (SBET) down 4.78%, American Bitcoin (ABTC) down 4.62%, Circle (CRCL) down 4.58%, Strategy (MSTR) down 4.48%, Robinhood (HOOD) down 2.99%, and Coinbase (COIN) down 2.95%.