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Analyzing the Role of Bullish Traders in Defending Key Support Levels Amid Market-wide Liquidations



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- 08:39Hong Kong-listed company Yili Holdings plans to issue blockchain vouchers on Ethereum that can be redeemed for commodities on its platform.According to ChainCatcher, as announced by the Hong Kong Stock Exchange, Hong Kong-listed company Yili Holdings announced that its wholly-owned subsidiary Yili Graphite Co., Ltd. and Goldpay Limited have signed a cooperation agreement on October 10, 2025, to issue a utility blockchain voucher (code 76 or V76) on Ethereum, with the main application party being its subsidiary. The maximum supply is 1 billion tokens. After issuance, the voucher will be listed on cryptocurrency exchanges and can be traded 24 hours a day with mainstream stablecoins. Previously, Yili Holdings announced in July this year the issuance of nearly HKD 20 million in convertible bonds for Web3 development.
- 08:14Bitcoin market dominance is approaching a return to 60%Jinse Finance reported that after the sharp decline in the crypto market early this morning, Bitcoin's market dominance rebounded to 59.7%, approaching a return to 60%. Data shows that since Bitcoin's market dominance fell below 60% in August, it has remained under 60%, and even dropped to 57% in mid-September. After the market crash early this morning, Bitcoin's market dominance rebounded to 59.7%, an increase of 2.36 percentage points compared to yesterday; Ethereum's market dominance fell by 1.27 percentage points to 12.3%.
- 08:05A major whale cut losses and liquidated their entire position amid today's decline, incurring a loss of $5.506 million.According to Jinse Finance, analyst Yu Jin monitored that a whale who bought ETH 9 days ago has sold off all holdings after today's sharp drop, completing a "buy high, sell low" operation. 9 days ago, the whale used 38.017 million DAI to purchase 8,637 ETH at a price of $4,402; after this morning's sharp decline, the whale sold all holdings at $3,764, exchanging back to 32.511 million DAI, resulting in a loss of $5.506 million.