Gate Research Institute: Gold continues to rise to 4,189 ｜ Tether pays 300 million USD to Celsius liquidation team

Crypto Market Overview

• BTC (-1.68% | Current Price 112,716 USDT): After experiencing a period of high-level consolidation, BTC price has shown a significant upward surge in a short time, reaching a temporary peak and demonstrating strong bullish momentum. The short-term moving averages (MA5, MA10) have turned upward and formed a bullish arrangement, with the price steadily operating above MA30, indicating potential for trend continuation. Trading volume has significantly increased during the upward phase, with buying pressure concentrated, suggesting a positive market sentiment and noticeable capital inflow. If BTC can maintain a stable position above 111,000, it is likely to continue its strong pattern and attempt to break through the upper resistance level. However, attention should be paid to the profit-taking pressure after consecutive short-term increases; if the price falls below the short-term support and volume weakens, a technical correction may occur to adjust the indicators. Overall, BTC remains in a strong upward channel, but short-term operations should be cautious, and position and pace should be reasonably controlled.
• ETH (-2.89% | Current Price 4,095 USDT): After a significant decline, the ETH price has stabilized at a low point and then experienced a short-term rebound, showing an overall trend of initially suppressing and then rising. The short-term moving averages (MA5, MA10) have gradually flattened and turned upwards after the decline, but have not yet clearly formed a bullish arrangement with MA30, indicating that the rebound momentum is still in the accumulation stage. The price is currently operating near MA30, with intense short-term long and short battles. If ETH can steadily rise above 4,150 USDT and break through with volume, it is expected to continue the rebound trend and return to the upward channel. However, if the price falls below the 4,000 USDT level again, it may restart the adjustment trend, and short-term support will be tested. Overall, after experiencing severe adjustments, ETH's sentiment has somewhat recovered, but the trend has not completely reversed, and further observation of volume cooperation and moving average structure repair is still needed.
• Altcoins: Most mainstream altcoins are experiencing slight declines, with market sentiment primarily being "neutral" or "buying". The Fear and Greed Index reports 34 today, still within the fear range, indicating relatively negative market sentiment.
• Macro: On October 14, the S&P 500 index fell by 0.16% to 6,644.31 points; the Dow Jones index rose by 0.44% to 46,270.46 points; the Nasdaq index fell by 0.76% to 22,521.70 points. As of October 15, 10:50 AM ( UTC+8), the spot gold price is temporarily reported at 4,189 dollars per ounce, with a 24H increase of 1.14%.

Popular Tokens on Juejin

BAS BAS (+132.85%, market cap 271 million USD)

According to Gate's market data, the current price of the BAS token is $0.112, having risen approximately 132.85% in the last 24 hours. BAS is an on-chain native verification and reputation layer. It enables composable on-chain KYC, identity and asset verification, applicable to real-world assets (RWA), decentralized finance (DeFi), artificial intelligence agents, and many more scenarios. By integrating KYC data, asset proofs, on-chain behavior, social activities, and community contributions, BAS builds a verifiable human reputation profile.

BAS has experienced a strong surge in the past 24 hours, with the increase significantly higher than the market average, primarily driven by multiple favorable factors. First, the funding sentiment has noticeably improved, with an overall increase in market risk appetite, leading some funds to shift from mainstream coins to small and medium-cap assets in search of high return opportunities, making BAS one of the key targets for inflows. Secondly, the project team recently announced new ecological collaborations and technological advancements, enhancing market confidence in its long-term development and rapidly boosting community engagement and trading activity. Meanwhile, trading volume has significantly expanded, with short-term funds showing a strong willingness to chase the rise, forming a favorable structure of "price increase with volume increase."

COAI ChainOpera AI (+52.08%, circulating market value 2.74 billion USD)

According to Gate market data, the current price of the COAI token is 1.4889 USD, having increased by 52.08% within 24 hours. ChainOpera AI is a full-stack AI platform based on blockchain, designed to achieve collaborative intelligence through a network of AI agents and models created and owned by the community. It integrates three core functionalities: AI applications for end-users, a developer platform for creating agents, and a decentralized infrastructure layer for models and GPU resources, all based on a unified protocol.

COAI has surged strongly in the past 24 hours, significantly outpacing similar AI track tokens in terms of growth. This rise is mainly driven by the project's proactive efforts in community engagement and ecological collaboration. Short-term capital has concentrated, with trading volume significantly increasing, pushing the price to quickly break through the previous consolidation range. Technically, COAI has successfully climbed above key moving averages, with short-term moving averages forming a bullish arrangement, indicating a sustained increase in bullish momentum. Market sentiment is high, and speculative buying is active, providing support for short-term upward movement.

SAPIEN SAPIEN (+59.42%, circulating market cap 44.47 billion USD)

According to Gate.io market data, the current price of the SAPIEN token is $0.1786, having risen approximately 59.42% in the last 24 hours. Sapien is an open protocol for the large-scale acquisition of verified human knowledge. Its network is made up of millions of contributors across over 100 countries/regions, encompassing a diverse range of people including doctors, engineers, artists, and students.

SAPIEN has shown a significant upward trend in the past 24 hours, performing actively in the small and mid-cap sector. This rise is mainly driven by the market's growing interest in the combination of decentralized social (DeSoc) and AI. As the relevance of this concept heats up, SAPIEN, being one of the early players, has received dual boosts from funds and community sentiment. Trading volume has also increased, with short-term bullish sentiment rising, pushing prices to quickly break through previous resistance levels. On the technical side, short-term moving averages (MA5, MA10) have crossed above mid to long-term moving averages, forming a bullish structure, with prices returning to an upward channel and momentum being clearly released. If the volume continues to remain sufficient and stabilizes above the breakout zone, SAPIEN is expected to continue its rebound trend; however, caution is needed regarding the loosening of high-position chips and the potential profit-taking from short-term traders that may cause fluctuations.

Alpha Interpretation

Tether paid 300 million dollars to the Celsius liquidation team to settle bankruptcy disputes.

The stablecoin issuer Tether has agreed to pay $300 million to the Blockchain Recovery Investment Coalition (BRIC), jointly formed by GXD Labs and VanEck, to resolve bankruptcy claims related to the now-bankrupt crypto lending platform Celsius Network. The settlement was reached in the Southern District of New York bankruptcy court, ending a months-long claim case amounting to as much as $4 billion.

According to BRIC, this fundraising is an important result of its strategy to "maximize the recovery of assets in digital asset bankruptcy cases." The alliance is still managing illiquid and litigated assets related to Celsius. Celsius was one of the most representative bankruptcy cases during the 2022 crypto winter, and after completing bankruptcy liquidation last year, it has distributed over $3 billion in assets to creditors.

After the liquidation of Bitcoin leverage, the market enters a phase favorable for accumulation.

On Tuesday, the crypto market was generally under pressure, with Bitcoin and major altcoins experiencing significant pullbacks. However, market sentiment improved slightly after Federal Reserve Chairman Powell's somewhat dovish speech. Powell stated that the labor market is gradually cooling, and the risks to employment are rising, which indicates the possibility of further interest rate cuts within the year. As a result, risk assets received some support. Bitcoin rebounded to around $112,600 after dipping to a low of $109,800 during the day, with a 24-hour decline narrowing to 2.8%; Ethereum fell about 4%, and major altcoins such as BNB, XRP, and DOGE generally dropped between 4% to 6%, while the CoinDesk 20 index decreased by approximately 3.2%.

Some researchers believe that the recent clearing of leverage is a "healthy adjustment" for the market, helping to digest the risk exposure brought by excessive speculation and establishing a more solid support range for Bitcoin. They think that last week's large-scale deleveraging significantly reduced the market's risk leverage ratio, creating space for subsequent capital reallocation. Although liquidity remains tight in the short term and traders need time to recover from forced liquidations, historically similar large-scale liquidations often signify the formation of a phase bottom.

Base token is about to be launched, dedicated to building an Ethereum interconnected ecosystem.

At the BaseCamp 2025 conference held by Base, co-founder Jesse Pollak stated that Base is exploring the possibility of issuing a native token in its early stages, while reaffirming its choice to build on Ethereum and emphasizing its vision of interoperability. Although Pollak mentioned that there is no definitive issuance timeline or design plan yet, the public discussion of the token scheme is seen as an important shift in Base's development roadmap.

According to reports from media outlets such as Cointelegraph, the token exploration by Base is considered to pave the way for further decentralization and to incentivize community and ecosystem development; at the same time, the Base team announced the launch of a Solana bridging solution to enhance cross-chain connectivity, aiming to make Base not just an "island" but a hub for inter-chain connectivity. The media also pointed out that this transformation signifies Base's formal shift from a "no-token strategy" to an "exploration of tokenization" path.
Reference materials:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• CoinGecko, https://www.coingecko.com/categories
• Coindesk, https://www.coindesk.com/policy/2025/10/14/celsius-wind-down-secures-usd300m-from-tether-say-gxd-labs-vaneck
• Coindesk, https://www.coindesk.com/markets/2025/10/14/bitcoin-s-leverage-flush-favors-accumulation-k33-says
• X, https://x.com/Cointelegraph/status/1978310134947344567

Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate shall not be liable for any losses or damages arising from such investment decisions.