Two highly leveraged BTC short sellers are being squeezed by the price rebound, with $21.6 million in positions entering the liquidation queue.

CryptoQuant analyst MAC_D published a note stating that Bitcoin has pulled back roughly 7.61% from its October 5 high of $87,027 to its October 9 low of $80,404. This pullback is close to the 7.58% average pullback seen in the 2022–2025 bull cycle, but remains lower than the overall historical average pullback of 14.39% he compiled. Using Bitcoin bull cycle pullback metrics, MAC_D compared the declines from local highs across each bull run. The average pullbacks for the 2010–2011, 2011–2013, 2015–2017, and 2018–2021 cycles stand at 18.41%, 21.71%, 10.93%, and 19.39% respectively, marking the pullback in the most recent cycle as relatively mild. He pointed out that applying the overall historical average pullback of 14.39% to the recent high would result in a corresponding price of roughly $74,500, which can serve as a reference for further downside. MAC_D suggested investors consider accumulating BTC gradually around $80,000 and increasing their buying volume in the $74,000–$75,000 range.

Beating AI News Brief: Intelligent Internet, the new venture of Stability AI co-founder Emad Mostaque, has open-sourced Evoke, a PostgreSQL database search plugin with a built-in AI model of roughly 30.3 million parameters. Once installed, developers can directly search documents and knowledge bases within the database, supporting both keyword matching and semantic similarity searches. Built on IBM’s Granite-Embedding-30M-Sparse model, Evoke generates a set of weighted relevant terms for documents, enabling retrieval of matching content even if the search query does not appear in the original text. Keyword and semantic information share a single search index, eliminating the need for separate vector index maintenance. The model runs natively on standard CPUs, requires no GPU, and does not involve sending data to external AI services. Official English retrieval tests previously released show Evoke achieves a 66.7% relevant document retrieval rate in its top 100 results, outperforming traditional keyword search (56.3%) and nearly matching the 67.1% rate of a 600-million-parameter model. Evoke’s code and model are both open-sourced under the Apache-2.0 license, making it suitable for use cases including internal enterprise document retrieval and AI Agent knowledge bases.

City of London Police said 25-year-old Ajay Shinjin was sentenced to two and a half years in prison for his involvement in a SIM swap fraud. The case involved the theft of nearly ￡200,000 (around $265,000) worth of cryptocurrency, with Shinjin receiving more than ￡44,000 in proceeds. He had previously pleaded guilty to conspiracy to commit fraud by false representation and transferring criminal property. In November 2021, UK telecom operator BT discovered that customer mobile phone numbers had been unauthorizedly ported to SIM cards controlled by criminals. The scammers used this tactic to intercept one-time passcodes (OTPs) sent via SMS by banks and crypto platforms. After BT traced the devices receiving the affected numbers, police identified multiple suspects, four of whom were linked to Shinjin. Data from anti-fraud organization Cifas shows that unauthorized SIM swap cases recorded in the UK National Fraud Database rose by 402% year-on-year in the first half of 2026. Cifas noted that this method is increasingly being used to intercept security verification codes and bypass account protection measures.

According to Axios, senior executives from Anthropic, OpenAI, and other AI companies are privately running through various scenarios to prepare for potential widespread public backlash and political pushback in the event of a catastrophic AI incident. These executives anticipate a major incident could occur in the future, most likely in the form of cyberattacks that disrupt financial services, internet connectivity, and even power and water supply systems. Once unsafe AI causes its first major real-world harm, the already AI-skeptical public could turn further against the technology and its leaders. Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and U.S. President Donald Trump—who has faced criticism for opposing stricter AI regulation—could all face public scrutiny. Multiple AI industry insiders believe such a major incident may be unavoidable. An OpenAI spokesperson stated: "OpenAI conducts emergency preparedness drills where teams discuss and work through a range of potential scenarios. These scenarios are not viewed as inevitable events, but rather to help us prepare for various possible situations."

Barclays has initiated coverage of SpaceX (SPCX.O), assigning an "Overweight" rating with a target price of $254.

According to TradingBeats' monitoring, a crypto whale today opened long positions in Google (GOOGL) and NBIS, with total actual trading volume of approximately $7.458 million. The two positions currently hold an unrealized profit of around $67,000. Position details: GOOGL: 15,000 shares purchased, for approximately $5.239 million at an average price of $349.25; current long position value stands at about $5.265 million, with an unrealized profit of roughly $27,000. NBIS: 10,000 shares purchased, for approximately $2.219 million at an average price of $221.90; current long position value is around $2.26 million, with an unrealized profit of about $41,000.