Liquid Capital founder Yi Lihua, a prominent Chinese crypto investor, said Bitcoin has lost the $82,000 level and now faces its next support at $79,000. He argued that based on the pace of the past two days of declines, the current correction is not yet over and he leans toward price breaking below that level, after which he would watch the area near $75,000. Yi emphasized that the market remains in a bull trend and the pullback represents normal bull-market volatility.

Japan's Ministry of Finance held the first meeting of its government bond blockchain study group and presented a three-type framework for bringing Japanese government bonds on-chain. Type 1 involves circulating MMF beneficiary rights on blockchain; Type 2 places transfer ledgers on-chain under the existing settlement system across single-manager, multi-institution, and Bank of Japan-linked models; Type 3 would issue new-form government bonds on a blockchain outside the current framework. The ministry sees efficiency gains in collateral and liquidity management and broader investor access, especially for overseas investors, but flagged market fragmentation and system upgrade costs as challenges. A report is planned by January 2027.

Three armed men used a ladder to enter a luxury residential community near Pattaya, Thailand, in the early morning and held at gunpoint a Chinese national holding Turkish citizenship. They forced the victim to open a safe containing cash and three luxury watches, then compelled a cryptocurrency transfer worth approximately $820,000, which was immediately sold. The victim escaped and alerted police, who have located an abandoned vehicle, reviewed surveillance footage, and are tracing the sold crypto assets with immigration authorities also involved in the investigation.

Derivatives markets across Asia's major exchanges recorded $455 million in liquidations within a single hour, with long positions accounting for $427 million or roughly 93.7% of the total. Binance led with $263 million in liquidations, about 58% of the total, followed by Bybit at $68.5 million and Gate and OKX at $37 million and $30.7 million respectively. HTX stood out as a counter-trend exception, with more than 94% of its $20.1 million in liquidations coming from short positions.

F2Pool co-founder Wang Chun sold 235.5 WBTC, worth about $19.31 million, on-chain and converted the proceeds into 7,848.5 ETH following the overnight market decline. The move by the veteran Chinese mining executive signals a rotation from wrapped Bitcoin into Ethereum as prices pulled back. On-chain analyst Yu Jin tracked the transaction to Wang's known address.

Taiwanese celebrity and serial crypto investor Machi Big Brother, also known as Huang Licheng, lost $8.44 million in a single week as the market declined, with his account value once again falling below $1 million. He currently holds a long position of 9,950 ETH worth about $24.68 million, with a new liquidation price of $2,431.59. The losses highlight the strain on leveraged Asian traders during the recent correction.

Bitget is expanding its open custody and over-the-counter settlement infrastructure for institutional clients as the market shifts toward a model separating custody from trading. The exchange has established partnerships with Copper ClearLoop, Cactus Custody Oasis, Fireblocks Off Exchange, OSL MirrorEX, Bitfire PrimeMirror, and Sygnum Protect. The multi-custodian approach aims to serve varying institutional needs around asset segregation, settlement efficiency, and liquidity access.

HTX Research analyst Chloe argued that the core tension for global risk assets has shifted from whether the Federal Reserve will hike in October to the duration of high US rates, the normalization of Japanese monetary policy, and the potential withdrawal of global leveraged funds. The analysis noted that St. Louis Fed President Musalem said further tightening may be needed over the next six to nine months. Bitcoin's drop below $83,000 reflects reduced capital allocation appetite in a high-rate environment, according to the HTX DeepThink column.

Meanwhile, a Bitcoin-denominated life insurance company backed by Sam Altman, raised $37 million in a new funding round at a $350 million valuation led by Bain Capital Crypto. Other participants included Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. The company said the capital will be used to meet demand for Bitcoin-denominated life insurance in Asia, Europe, and the Middle East.

The crypto market fell across the board with 24-hour losses ranging from about 2% to 6%, led by the AI sector's 5.09% decline. Bittensor, Virtuals Protocol, and Venice Token fell 7.27%, 8.34%, and 10.24% respectively, while SoSoValue rose 13.11% against the trend. Bitcoin slid 1.55%, breaking below $81,000 during the session, and Ethereum dropped 3.88% below $2,500.