【October 28】

News Updates

1. Hong Kong Securities and Futures Commission discusses regulatory guidelines on crypto assets, tokenization, and AI with representatives from 12 Asia-Pacific securities market regulators

2. Chairman of the Hong Kong Investment Fund Association: Will conduct virtual asset education to help investors achieve retirement and financial planning goals

3. Tether criticizes The Wall Street Journal: 'Reports that Tether will face penalties from the U.S. government' are irresponsible

4. Russia releases new crypto regulations, expanding regulation of crypto mining activities and infrastructure

Market Highlights

1. Solana chain's Sotheby's concept meme leader $BAN, art concept All-Seeing Eye $EYE, etc., show good wealth effects; for trading hot memes, use Bitget Wallet

2. Solana network TVL increased nearly 20% over the past week, reaching a new high since January 2022; the ecosystem fundamentals continue to improve, focusing on the main coin and top ecosystem tokens

3. Currently, the probability of Trump winning the U.S. presidential election is 65.1%, while Harris's probability is 34.8%; as the election date approaches, concept tokens may have trading opportunities

4. Base's daily stablecoin transfer volume first exceeds all other chains, revealing on-chain wealth opportunities

Market Trends

1. BTC rises to 68,000, with most altcoins following suit; inscriptions and BRC20 sectors perform notably

2. Nasdaq rises for seven consecutive weeks, with Nvidia's market cap briefly surpassing Apple's; U.S. Treasury yields increase nearly 16 basis points over the week

3. In the Bitget BTC/USDT liquidation map, using 68,062 USDT as a reference, if it drops by a thousand points to around 67,062, the cumulative liquidation amount for long positions exceeds 260 million USD. If it rises by a thousand points to around 69,062, the cumulative liquidation amount for short positions exceeds 660 million USD. The liquidation amount for shorts far exceeds that for longs; it is advised to remain cautious, reasonably control leverage ratio, and avoid triggering large-scale liquidations during market fluctuations

4. BTC spot fund net inflow turns positive, with a net inflow of 26 million USD in 24 hours

5. $BTC $ETH $SOL $DOGE $WIF contract trading leads with a net inflow of 24 million USD in 24 hours, indicating potential trading opportunities

#BTC #ETH Weekend Small Consolidation
—— October 28th Market Data Report:
On-chain data shows that #BTC selling pressure has leveled off and #ETH selling pressure has leveled off, with support strength stabilizing.
#BTC bullish energy is diminishing, while #ETH bearish energy is rapidly increasing. The anticipated upward trend in early November may be disrupted.
#BTC #ETH contract open interest remains high, and we still need to observe whether it can stabilize.
BTC
Short-term support level 67548
Short-term resistance level 68457
Medium-term support level 66437
Medium-term resistance level 69568
ETH
Short-term support level 2479
Short-term resistance level 2529
Medium-term support level 2454
Medium-term resistance level 2553
The above information is for reference only and does not constitute investment advice.

📊 Key Data
📈 Fear and Greed Index: 52 (decreased by 4 from the previous day)
💵 Total Market Cap of Stablecoins: $162.826 billion (remained basically unchanged from the previous day)
🏦 Bitcoin Balance on Exchanges: 2.391 million BTC (remained basically unchanged from the previous day)
📊 CME Bitcoin Contract Open Interest: $11.013 billion (decreased by 2% from the previous day)
📊 CEX Bitcoin Contract Open Interest: $37.302 billion (decreased by 6.3% from the previous day)
🇺🇸 Polymarket Trump VS Harris Election Win Probability: 64.7% - 35.3%, 8 days until the end of the election voting

#BTC #ETH Weekend Small Consolidation
—— October 27 Market Data Report:
On-chain data shows that #BTC selling pressure is flat and #ETH selling pressure is flat, with support strength remaining steady.
#BTC bullish energy is waning, while #ETH bearish energy is rapidly increasing. The expected upward trend in early November may be disrupted.
#BTC #ETH contract open interest remains high, and we still need to continue observing whether it can stabilize.
BTC
Short-term support level 66591
Short-term resistance level 67545
Medium-term support level 66115
Medium-term resistance level 67927
ETH
Short-term support level 2458
Short-term resistance level 2501
Medium-term support level 2433
Medium-term resistance level 2537
The above information is for reference only and does not constitute investment advice.

#BTC #ETH Quickly Retracted Due to News Impact
—— October 26 Market Data Report:
On-chain data shows that #BTC selling pressure has stabilized and #ETH selling pressure has decreased, with supporting power remaining steady. ETF inflows and outflows are balanced.
#BTC bullish energy is waning, while #ETH bearish energy is rapidly increasing. There may be instability in the market over the weekend.
#BTC #ETH contract positions are still at a high level, and it is necessary to continue observing whether they can stabilize.
BTC
Short-term support level 65419
Short-term resistance level 67434
Medium-term support level 64613
Medium-term resistance level 68298
ETH
Short-term support level 2409
Short-term resistance level 2492
Medium-term support level 2377
Medium-term resistance level 2555
The above information is for reference only and does not constitute investment advice.

📈 Fear and Greed Index: 56 (no change from the previous day)
💵 Total Market Cap of Stablecoins: $162.78 billion (decreased by 0.1% from the previous day)
🏦 Bitcoin Balance on Exchanges: 2.3893 million BTC (basically unchanged from the previous day)
📈 US BTC ETF: Net Inflow of $188 million
📈 US ETH ETF: Net Inflow of $2.3 million
📊 CME Bitcoin Futures Open Interest: $11.24 billion (decreased by 1.1% from the previous day)
📊 CEX Bitcoin Futures Open Interest: $39.659 billion (increased by 2.2% from the previous day)
📅 Today's Polymarket Trump VS Harris Election Win Probability: 65% - 35%, 10 days to the election

【October 25】

News Updates

1. Ripple plans to submit appeal documents regarding the SEC case in the US, and its executives are confident of winning.

2. South Korean regulators seek to amend regulations to oversee major shareholders of cryptocurrency exchanges.

3. The Danish Tax Law Committee recommends taxing unrealized cryptocurrency gains.

4. Former Celsius CEO will return to court for trial on November 13.

5. Tesla's stock has risen by 22%, with its Bitcoin holdings remaining unchanged in Q3.

6. A French trader spent $45 million betting on Trump winning the presidential election.

Market Highlights

1. The AI MEME sector leader $GOAT received positive news, briefly surpassing a market cap of $800 million, but has since significantly retraced, dragging down tokens in the sector; watch for the leader effect.

2. Jupiter DEX on the SOL chain saw a trading volume exceeding $1.98 billion in 24 hours, achieving a record market share of 63.21%; the SOL ecosystem is currently in the spotlight, and trading opportunities for JUP can be observed.

3. Upbit has listed Safe (SAFE) and opened trading pairs with KRW, BTC, and USDT; the recently launched $MEW has surpassed its historical high, and $SAFE may also attract speculative trading from Korean funds.

4. SHAR has dropped 90%, suspected to be a rug pull; crypto KOL 0XSun admits to promoting it and has promised to urge the project team to compensate.

Market Trends

1. BTC is experiencing wide fluctuations, with market tokens polarized and varying gains and losses; the wealth effect across sectors is generally average.

2. The S&P 500 index saw its first increase in four days, with palladium rising 10%, and oil prices rose over 2% before turning to decline.

3. In the Bitget BTC/USDT liquidation map, with the current price at 68135 USDT, if it drops by a thousand points to around 65555, the cumulative liquidation amount for long positions exceeds 580 million USDT. If it rises by a thousand points to around 68262, the cumulative liquidation amount for short positions exceeds 520 million USDT. It is advised that both long and short sides remain cautious and reasonably control leverage ratios to avoid triggering large-scale liquidations during market fluctuations.

4. There has been a significant increase in net inflow of spot BTC funds, with a net inflow of $76 million in the past 24 hours.

5. In the past 24 hours, net inflows in contract trading for $BTC, $SOL, $ETH, $MEW, and $POPCAT lead, indicating possible trading opportunities.

#BTC #ETH Periodic High Volatility
——October 25 Market Data Report:
On-chain data shows that #BTC selling pressure has stabilized and #ETH selling pressure has decreased, indicating reduced support strength. ETF inflows and outflows are balanced.
#BTC bullish momentum continues to accumulate upwards, while #ETH bullish and bearish momentum is balanced. There will be a release of upward bullish momentum in early November.
#BTC #ETH contract open interest has not successfully held at high levels, leading to a round of profit-taking. Currently, there is a re-confirmation of high-level breakout.
BTC
Short-term support level 67511
Short-term resistance level 68876
Medium-term support level 66747
Medium-term resistance level 69531
ETH
Short-term support level 2525
Short-term resistance level 2563
Medium-term support level 2504
Medium-term resistance level 2582
The above information is for reference only and does not constitute investment advice.

#BTC #ETH Phase Retracement Appears
—— October 24 Market Data Report:
On-chain data shows that #BTC selling pressure has decreased and #ETH selling pressure has stabilized, with support strength leveling off. A large amount of ETF outflow.
#BTC bullish energy continues to accumulate upwards, and #ETH bullish energy has also begun to accumulate. The real market movement will appear in early November.
#BTC #ETH contract positions have not successfully stabilized at high levels, triggering a round of retracement.
BTC
Short-term support level 65247
Short-term resistance level 67096
Medium-term support level 64454
Medium-term resistance level 67994
ETH
Short-term support level 2461
Short-term resistance level 2546
Medium-term support level 2401
Medium-term resistance level 2606
The above information is for reference only and not investment advice.

#BTC #ETH is currently undergoing a round of accumulation
——October 23 Market Data Report:
On-chain data shows that #BTC selling pressure has stabilized and #ETH selling pressure has stabilized, with support strength remaining flat. A large amount of ETF outflows.
#BTC bullish energy continues to accumulate upwards, and #ETH bullish energy has also begun to accumulate.
#BTC #ETH contract open interest has broken through the phase high bottleneck and is testing the support strength at high levels.
BTC
Short-term support level 66846
Short-term resistance level 68295
Medium-term support level 66047
Medium-term resistance level 69044
ETH
Short-term support level 2603
Short-term resistance level 2658
Medium-term support level 2567
Medium-term resistance level 2698
The above information is for reference only and does not constitute investment advice.

#BTC #ETH are currently undergoing a consolidation phase
——October 22 market data report:
On-chain data shows that #BTC selling pressure is decreasing and #ETH selling pressure is stabilizing, while buying strength continues to rise. No ETF data over the weekend.
#BTC bullish energy continues to accumulate upwards, and #ETH bullish energy is also beginning to accumulate.
#BTC #ETH contract open interest has already broken through the temporary high bottleneck and is finding new support.
BTC
Short-term support level 66596
Short-term resistance level 67633
Medium-term support level 65879
Medium-term resistance level 68747
ETH
Short-term support level 2587
Short-term resistance level 2668
Medium-term support level 2532
Medium-term resistance level 2724
The above information is for reference only and does not constitute investment advice.

October 22

News Updates

1. UK pension giant L&G seeks to enter the cryptocurrency tokenization space

2. Trump reiterates that if elected again, he will significantly lower interest rates

3. Harris's team plans to review two candidates to replace SEC Chairman Gary Gensler

4. Coinbase requests the IRS for more time on cryptocurrency cost basis reporting

5. BlackRock's Bitcoin spot ETF assets under management rank in the top 2% of all ETFs

6. Coinbase states that New York residents can now trade FLR, INJ, SAND, and STX tokens

Market Highlights

1. $MEW has launched a Korean won trading pair on Upbit, becoming the third Meme token to do so after $DOGE and $SHIB, with the market optimistic about Korean capital speculation

2. The recently popular AI concept Meme token $GOAT rebounded strongly after a drop, boosting the market for other Meme tokens like $FARTCOIN

3. Scroll's first airdrop will allocate 7% of the total supply of SCR, with the claim page now live; currently, Bitget's pre-market quote is 1.39U, and there may be short-term opportunities within the time window

4. On Polymarket, Trump's probability of winning has surpassed Harris by nearly 30 percentage points, with market expectations that his election would be favorable for crypto

Market Trends

1. BTC faced resistance at high levels and fell back, leading to an overall market decline, while some smaller coins attracted market attention during the overall pullback

2. The S&P 500 and Dow Jones retreated from record highs, Nvidia surged to a new high, crude oil rose nearly 2%, and Wall Street bet heavily on the 'Trump trade'

3. In Bitget's BTC/USDT liquidation map, with the current price set at 66960 USDT, if it drops by a thousand points to around 65960, the total liquidation amount for long positions exceeds 680 million USDT. If it rises by a thousand points to around 67960, the total liquidation amount for short positions exceeds 229 million USDT. Long position liquidation amounts exceed short positions by three times, facing significant liquidation risks. It is recommended for long positions to remain cautious, reasonably control leverage, set stop-loss points, and avoid triggering large-scale liquidations during downturns.

4. There has been a significant outflow of market funds, with a net outflow of 170 million US dollars in the past 24 hours

News

1. The US SEC approved the listing of spot Bitcoin ETF options products on the New York Stock Exchange and Cboe

2. Musk: $1 million will be randomly distributed to Pennsylvania voters who signed the "America PAC" petition every day until Election Day

3. US prosecutors urged Biden to help release Binance executives arrested in Nigeria

4. Harris's crypto regulatory plan has sparked criticism, but also brought optimism

5. SpaceX completed its 100th orbital launch this year

6. Ripple's Chief Legal Officer: XRP's legal status has not been shaken in the SEC appeal, and Form C will be submitted next week

Market Hotspots

1. ApeChain and its official cross-chain bridge are online, and the ecosystem has begun to hype Meme tokens such as $CURTIS. The local currency $APE doubled and then fell back

2. The on-chain $Daram fair issuance method is widely imitated, and chains such as the Ethereum mainnet have appeared one after another $FROGS Meme coins issued in similar ways, but in the short term, they all followed the decline of $Daram and failed to get out of the PVP dilemma

3. Musk: $1 million will be randomly distributed to Pennsylvania voters who signed the "America PAC" petition every day. Until the election day, the market may hype tokens such as $PAC and trade hot Memes. You can pay attention to BitgetWallet in time

4. Yuga Labs series NFTs are recovering, and the NFT sector may regain market attention

Market trend

1. BTC is approaching 70,000 US dollars, and the secondary market is generally rising. The increase list and transaction volume list are still dominated by Meme

2. Last Friday, the S&P 500 and the Dow Jones hit new highs again. Netflix rose 11% after the performance; Chinese stocks rose; gold hit a new high; crude oil fell 2%

3. In the liquidation map of Bitget BTC/USDT, based on the current price of 69064 USDT, the price is between 67411 and In the 68560 range, long order liquidation is concentrated and grows rapidly in the range, with the cumulative long order liquidation amount exceeding 924 million USDT. The accumulated short order liquidation intensity increased significantly in the price range of 69326 to 70311 USDT, and the accumulated short order liquidation amount in the range gradually increased to 820 million USDT

4. Strong inflow of market funds, with a net inflow of 138 million USD in the past 24 hours

#BTC#ETHstabilizes at high level and accumulates momentum to attack upward
——October 21 market data report:
On-chain data shows that#BTCselling pressure is falling and#ETHselling pressure is flat, and the support force continues to rise. No data for ETF weekend.#BTCbullish energy continues to accumulate upward, and#ETHbullish energy also begins to accumulate.#BTC#ETH contract holdings have broken through the bottleneck of the staged high level and are finding new support.
BTC
Short-term support level 68458
Short-term pressure level 69535
Medium-term support level 67741
Medium-term pressure level 70201
ETH
Short-term support level 2717
Short-term pressure level 2772
Medium-term support level 2675
Medium-term pressure level 2823
The above information is for reference only and is not an investment advice.

#BTC#ETHtries to stabilize in high-level fluctuations
——October 19th market data report:
On-chain data shows that#BTCselling pressure is flattened,#ETHselling pressure is flattened, and the tray force is flattened. ETFs show a large inflow.#BTCA wave of energy has been released, and it is still accumulating long energy.#ETHlong and short energy is balanced.#BTC#ETH contract holdings have broken through the staged high bottleneck and are finding new support.
BTC
Short-term support level 68139
Short-term pressure level 69079
Medium-term support level 67408
Medium-term pressure level 70174
ETH
Short-term support level 2623
Short-term pressure level 2677
Medium-term support level 2590
Medium-term pressure level 2711
The above information is for reference only and is not an investment advice.

#BTC#ETHmaintained high volatility after another pull-up
——October 18 market data report:
On-chain data shows that#BTCselling pressure is rapidly declining,#ETHselling pressure is flattening, and the support force is flattening. ETFs show a huge inflow.#BTCis still accumulating long energy, and#ETHlong and short energy is balanced.#BTC#ETH contract holdings have reached a stage-by-stage high bottleneck, and there is a certain need for a correction.
BTC
Short-term support level 66549
Short-term pressure level 68294
Medium-term support level 65875
Medium-term pressure level 69326
ETH
Short-term support level 2590
Short-term pressure level 2664
Medium-term support level 2557
Medium-term pressure level 2693
The above information is for reference only and is not an investment advice.

Key data
📈 Fear and Greed Index: 60 (up 2 from yesterday)
💵 Total market value of stablecoins: $163.054 billion (basically unchanged from yesterday)
🏦 Exchange Bitcoin balance: 2.4325 million BTC (basically unchanged from yesterday)
📈 US BTC ETF: net inflow of $458 million
📈 US ETH ETF: net inflow of $24.22 million
📊 CME Bitcoin contract holdings: $12.206 billion (up 8.7% from yesterday, a record high)
📊 CEX Bitcoin contract holdings: $39.347 billion (up 0.5% from yesterday, a record high)
📉 Data source: CMC, Coinglass, sosoValue

#BTC#ETHpulled up again and maintained high-level fluctuations
——October 17 market data report:
On-chain data shows that#BTCselling pressure is rapidly declining,#ETHselling pressure is rising, and the support force is flat. ETFs continue to flow in in large quantities.#BTCis still accumulating long energy, and#ETHlong and short energy is balanced.#BTC#ETH contract holdings have reached a stage-by-stage high bottleneck, and there is a certain need for a correction.
BTC
Short-term support level 67078
Short-term pressure level 68424
Medium-term support level 66302
Medium-term pressure level 69252
ETH
Short-term support level 2591
Short-term pressure level 2650
Medium-term support level 2565
Medium-term pressure level 2682
The above information is for reference only and is not intended as investment advice.

The Radiant protocol has been hacked. Currently, the contracts on Arb and BSC are controlled by hackers. Please cancel all authorizations for the following contracts as soon as possible. Eth and Base are not affected yet, but it is better to cancel them together for safety. Tools can be used such as revoke.cash, Rabby, and OKX web3 wallet, which all provide similar functions. Please do not transfer assets to the address before canceling the authorization, otherwise the attack can continue. ETH: 0xA950974f64aA33f27F6C5e017eEE93BF7588ED07 BNB: 0xd50Cf00b6e600Dd036Ba8eF475677d816d6c4281 BASE: 0x30798cFe2CCa822321ceed7e6085e633a AbC492F ARB: 0xF4B1486DD74D07706052A33d31d7c0AAFD0659E1

📊 1. Key data
📈 Fear and Greed Index: 56 (up 13 from the previous day)
💵 Total market value of stablecoins: $163.072 billion (down 0.1% from the previous day)
🏦 Exchange Bitcoin balance: 2.4315 million BTC (up 4.1% from the previous day)
📈 US BTC ETF: net inflow of $371 million (largest single-day net inflow in nearly 4 months)
📉 US ETH ETF: net outflow of $12.7 million
📊 CME Bitcoin contract holdings: $11.834 billion (up 26% from yesterday, a 7-month high)
📊 CEX Bitcoin contract holdings: $39.688 billion (up 15.1% from yesterday, surpassing the previous high at the end of March, a record high)
📉 Data source: CMC, Coinglass, sosoValue