--- title: "The Weekend Selloff Was Blamed on Stocks, and Crypto's Bears Looked to Monday" published: 2026-10-19T16:25:12.359355+00:00 type: market_pulse scope: crypto_market canonical: https://www.moonwire.org/insights/market-pulse-2026-10-18.html tags: [altcoins, equities, macro, bitcoin, ethereum, solana, defi] --- # The Weekend Selloff Was Blamed on Stocks, and Crypto's Bears Looked to Monday > Glassnode and Ansem blamed the weekend's altcoin slide on the stock market, and Ansem spent Sunday evening looking past crypto to Monday's equity open. Michael Saylor and CredibleCrypto stayed on the holding side, and the US Treasury Secretary, who was not talking about crypto, described inflation as an energy shock that would pass. ## Key takeaways - Glassnode said "fear from equities spills into crypto", with the median top-500 altcoin at -5.8% for the weekend so far, on track for the largest weekend drop since April [[1]](/s/y7Sx4zB7Qi6eLAx-wypSEw?p=a7054b72a757). - Ansem described nasty weekly candles in equities and their momentum leaders, said they had cut longs and were derisking before the open, and named a bounce or "another -20% on majors" as the two paths [[2]](/s/vNWDRPTUTuGsPeM-MAgCeQ?p=a7054b72a757). - Attention moved to Monday's equity open: a "black monday" caption from Ansem [[5]](/s/ClrqDvgRT1KUtKB58c_iCg?p=a7054b72a757) and a Mayne meme about the futures open [[7]](/s/SZZXjkGDSoyYEEScAmKt9Q?p=a7054b72a757). - The other side came from holders: Saylor's tracker showed Strategy at 848,250 BTC with an average cost of $75,444 [[10]](/s/oHKq1sehTUWNS8jL3Z93kA?p=a7054b72a757), and CredibleCrypto expected CRV and CVX to lift off from the base of their range [[12]](/s/--a_J6RZQZ21XoZ5Kk7R6A?p=a7054b72a757). - Treasury Secretary Scott Bessent called inflation an energy shock with core inflation down [[9]](/s/twlnNIbcSmSxLqVyW5XXIg?p=a7054b72a757), a different framing from the macro and inflation fears Ansem cited [[6]](/s/MeNIwq4TSLqpi4VRs4btuA?p=a7054b72a757). Two of the voices we track, Glassnode and Ansem, blamed Sunday's altcoin damage on the stock market, and the more bearish of them spent the evening looking past crypto to Monday's equity open [[1]](/s/y7Sx4zB7Qi6eLAx-wypSEw?p=a7054b72a757)[[2]](/s/vNWDRPTUTuGsPeM-MAgCeQ?p=a7054b72a757). ## Equity fear, crypto bill Glassnode put the transmission plainly: "As fear from equities spills into crypto, the typical altcoin is down over 5%" [[1]](/s/y7Sx4zB7Qi6eLAx-wypSEw?p=a7054b72a757). Its chart, measured from Friday's close to 17:00 UTC on 18 October, showed the median top-500 altcoin at -5.8% for the weekend so far, and Glassnode said that if the weekend closed like this it would be the largest weekend drop since April [[1]](/s/y7Sx4zB7Qi6eLAx-wypSEw?p=a7054b72a757). Ansem reached the same culprit from the trading side. "Equities & stock momo leaders put in nasty weekly candles across board," the post read, "alts got crushed & majors at their last major [support levels](https://www.moonwire.org/insights/glossary/support-and-resistance.md)" [[2]](/s/vNWDRPTUTuGsPeM-MAgCeQ?p=a7054b72a757). Ansem said they had cut longs and were likely "derisking more before open", and laid out two paths: a bounce they think is due, or "another -20% on majors" [[2]](/s/vNWDRPTUTuGsPeM-MAgCeQ?p=a7054b72a757). The same post quoted Ansem's own 12 October call of "$90k by end of the week" and acknowledged it with "got smoked on this" [[2]](/s/vNWDRPTUTuGsPeM-MAgCeQ?p=a7054b72a757). The Bitcoin prints in the window came from the official Bitcoin account: $81,350.02 shortly after midnight UTC and $81,882.55 just after midday UTC [[3]](/s/jaYAsd3LSk61qXIkUdUrqg?p=a7054b72a757)[[4]](/s/OqBSK_0SQ2SZV5B5oFx-VQ?p=a7054b72a757). ## Monday became the subject By the evening the conversation had moved to the open. Ansem captioned a photo of Grand Central Terminal's concourse "they dont know tomorrow is black monday" [[5]](/s/ClrqDvgRT1KUtKB58c_iCg?p=a7054b72a757), and a separate Ansem post answered a follower asking about "the black monday doom talk" [[6]](/s/MeNIwq4TSLqpi4VRs4btuA?p=a7054b72a757). Mayne posted a meme of a trader bracing against a plunging red candle with the line "Based on the timeline the futures open is going to look like this" [[7]](/s/SZZXjkGDSoyYEEScAmKt9Q?p=a7054b72a757): a joke, not a read with levels. The Ethereum and Solana chart reads that carried levels leaned the same way. On Ethereum, Ansem said a "weekly bearish engulfing to downside breaks trend & makes it more likely the inefficient move we had on the way up gets filled", on a 4-hour chart showing $2,348.62 [[6]](/s/MeNIwq4TSLqpi4VRs4btuA?p=a7054b72a757). The stated reasons ran outside crypto: "equities having reason to selloff w/ macro/inflation fears + anthropic growth slowdown is enough to be concerned" [[6]](/s/MeNIwq4TSLqpi4VRs4btuA?p=a7054b72a757). On Solana, Trader XO re-shared an earlier note saying the Y/O level at 125 had been tagged "almost to the tick" and that XO was "positioned short from the area" as "downside cover against my spot play" [[8]](/s/1dICnDNtQ0eGoe1cLX7eOA?p=a7054b72a757). "What matters now is the character of any sell-off," the note continued, framing the choice as rolling over "with momentum and acceptance lower" or spending the coming weeks ranging [[8]](/s/1dICnDNtQ0eGoe1cLX7eOA?p=a7054b72a757). ## Where the voices disagreed The macro premise behind the bearish reads met a different framing from Washington. Treasury Secretary Scott Bessent said "Core inflation is down" and "This is an energy shock. We will get to the other side of the Iran conflict, and those prices will come down" [[9]](/s/twlnNIbcSmSxLqVyW5XXIg?p=a7054b72a757). That is a different description of inflation than the "macro/inflation fears" Ansem cited [[6]](/s/MeNIwq4TSLqpi4VRs4btuA?p=a7054b72a757), though Bessent was not talking about crypto. Michael Saylor took the treasury side. "We found room for more orange," Saylor posted over a SaylorTracker chart showing Strategy at 848,250 BTC, an average cost of $75,444 and an unrealized gain of 8.15%, as of 18 October [[10]](/s/oHKq1sehTUWNS8jL3Z93kA?p=a7054b72a757). Late in the window Saylor followed with two words and a video: "Plan ₿." [[11]](/s/PRvcxBV7SOm322nsJd-08A?p=a7054b72a757) In [DeFi](https://www.moonwire.org/insights/glossary/defi.md), CredibleCrypto said the CVX/CRV pair was "right there at the base of the range" and guessed CRV and CVX would "lift off around the same time" [[12]](/s/--a_J6RZQZ21XoZ5Kk7R6A?p=a7054b72a757). An update on a publicly locked CVX position earlier the same day said the analyst was "expecting significant price appreciation on $CRV in the coming months" [[13]](/s/IhMhXM2UTMe0T3VpYOpwBA?p=a7054b72a757). Lark Davis, in a portfolio-construction video, described NEAR and Sui as 75 to 80% under their previous all-time highs while their fundamentals "have literally never been better" [[14]](/s/ot0u1i6gSMal-a98R9KzQg?p=a7054b72a757). One tension sat inside a single feed. That morning Ansem argued that assets like HYPE and ZEC had performed "independently of BTC and ETH, even during periods when the broader market was struggling" [[15]](/s/DPBa4usrQoqlmjfOYKjrgA?p=a7054b72a757); by the evening the same account wrote that "alts got crushed" [[2]](/s/vNWDRPTUTuGsPeM-MAgCeQ?p=a7054b72a757). Ansem also rejected the idea, in a post they quoted, that a market full of bears cannot fall: "there is no 'everyone' there's your own positions and your invalidations, nothing more nothing less" [[16]](/s/Vsj9TTikS3eecaSdEtUaOw?p=a7054b72a757). ## What to watch The weekend's argument ends at a timestamp rather than a level: Glassnode's figure was explicitly "so far" [[1]](/s/y7Sx4zB7Qi6eLAx-wypSEw?p=a7054b72a757), and the bearish reads were framed around the equity open [[2]](/s/vNWDRPTUTuGsPeM-MAgCeQ?p=a7054b72a757)[[5]](/s/ClrqDvgRT1KUtKB58c_iCg?p=a7054b72a757). Whether Monday confirms the import of equity fear, or the bounce Ansem also allowed for [[2]](/s/vNWDRPTUTuGsPeM-MAgCeQ?p=a7054b72a757), is the next window's question. --- *MoonWire surfaces and summarizes public crypto news.* **General information only — not financial advice.** MoonWire Ltd. is not licensed by ASIC and holds no AFSL. This content does not consider your objectives, financial situation, or needs, and is not a recommendation to buy, sell, or hold any asset. *This analysis is generated by artificial intelligence and may be inaccurate, incomplete, or fabricated. Independently verify before acting.* © 2026 MoonWire Ltd. · [Terms](https://www.moonwire.org/legal/TOS) · [Risk Disclosure](https://www.moonwire.org/legal/RISK_DISCLOSURE) · [Privacy Policy](https://www.moonwire.org/legal/PRIVACY_POLICY)