BITCOIN DIPS TO $122K AS CRYPTO RALLY GETS OVERHEATED

Summary from the TLDR Crypto newsletter

Bitcoin pulled back 3% to $122,000 from record highs above $126,000 with major altcoins suffering steeper declines of 5-7% including XRP, DOGE, ADA, and AVAX, as analysts warned the crypto rally shows signs of short-term overheating following a near-vertical 16% pump off late September lows. K33 Research noted the past week marked the strongest BTC accumulation of the year with 63,083 BTC ($7.7 billion) added across US ETFs, CME, and perpetual futures, surpassing May's peak and creating elevated risk for consolidation as "similar bursts in exposure have often coincided with local tops." The selloff rippled through crypto stocks with Strategy down 7%, Coinbase down 4%, and ether treasury companies Bitmine and Sharplink falling 3-7%.