Bitcoin plunged to $94,000 as futures liquidations rippled through the market and U.S. Bitcoin ETFs suffered $866 million in outflows, the second-worst day on record. But despite the panic, analysts insist the bull structure remains intact — and one voice just went nuclear: Eric Trump, who says Bitcoin is heading to $1 million, calling it "America's inevitable reserve asset."

Meanwhile, the SEC unveiled "Project Crypto," a framework that would finally classify digital assets and end the perpetual securities limbo. Threshold launched its institutional bridge capable of funneling $500 billion in Bitcoin into DeFi, and American Bitcoin — the Trump-family-linked BTC company — just posted a Q3 profit while doubling revenue.

With Bitcoin back under $100K but institutional rails expanding, the setup for a violent upward reversal may be forming.

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