00:00This week, Bitcoin began around $114.05K before a sharp pullback to approximately $112.02K, $112.05K,
00:08reflecting a tilde to 3% drop following a major sell-off and liquidations exceeding $1.05 billion
00:13in event that rattled leveraged long positions across the market. Despite the dip, analysts
00:18stress this volatility aligns with September's historical trend of profit-taking and consolidation.
00:22Anthony Scaramucci reaffirmed that these short-term fluctuations are part of Bitcoin's regular
00:27seasonal cycle and do not undermine its long-term bullish outlook. USD-denominated on-chain
00:31activity showed continued resilience, aided by ETF inflows totalling over $222 million into US-spot
00:37Bitcoin ETFs, even as leveraged liquidation triggered downward momentum. Weekly trading
00:42levels to watch, support near $112K, resistance around $113K, with upside potential toward $118K,
00:49$120K if consolidation holds. But a breakdown below $111.03K, Bitcoin's leveraged cost basis
00:56for many holders could spark further retracement. On the activism front, hunger strikes protesting
01:00advanced AI development continued. In San Francisco, Guido Reistadter entered his second week outside
01:06Anthropics HQ, while parallel protests persisted in London at DeepMind and hunger strikers called
01:11for global AI red lines to curb existential risks. At the policy level, AI debate escalated to the United
01:17Nations, where global leaders added AI governance to the agenda at a higher-level meeting in New York,
01:21highlighting its elevation as a core international concern.
