Market hot news:
1. Grayscale filed an application to convert a hybrid crypto fund containing Bitcoin, Ethereum and Solana into an ETF
2. Tesla transferred more than $770 million worth of bitcoin to multiple new addresses
3. FalconX launches service to automatically convert crypto miners’ assets into USD
4. Canary Capital is seeking approval from the SEC for a Litecoin ETF
5. Sui Foundation disputes allegations of $400 million in internal sales
BlackRock Bitcoin ETF's holdings exceed $25 billion
BlackRock officially updated the holdings data of its spot Bitcoin exchange-traded fund iShares Bitcoin Trust ETF (IBIT). As of October 15, IBIT's holdings exceeded 375,000 BTC, reaching 375,169.4682 BTC, and the market value of its holdings exceeded US$25 billion, reaching US$25,064,036,700.8.
1: U.S. stocks opened mixed last night, with Coinbase up more than 3%
When the U.S. stock market opened, the Dow fell 0.1%, the S&P 500 rose 0.04%, the Nasdaq rose 0.06%, Coinbase rose 3.25%, and MicroStrategy rose 2.68%.
2: Grayscale transfers 5,900 ETH to Coinbase Prime
According to Arkham monitoring, about 2 minutes ago, Grayscale transferred 5,900 ETH to Coinbase Prime, worth approximately US$15.52 million.
3: Sam's Rule founder: The Fed is expected to continue to steadily cut interest rates
On October 16, Claudia Sahm, an economist and founder of Sahm's Rule, said that the Federal Reserve is expected to continue to steadily cut interest rates, but it is unlikely to cut interest rates by 50 basis points as sharply as in September. Although the Fed's efforts to curb inflation have been successful so far, Sahm admitted that consumers may not view the economy as positively as experts.
Simple review: BTC has been rising normally in the past few days, but it is not the kind of rise that can bring BTC to 100,000 US dollars. Be sure not to blindly chase high prices. Because the average daily trading volume of Bitcoin during this period is not enough to produce a large-scale unilateral market, you still have to watch the market and pay attention to the reverse position.
Trend interpretation: Yesterday, two big positive lines of the big cake daily K took off, and the price was testing the upper rail pressure. The MACD bullish energy column did not shrink, and there was no sign of bullish exhaustion. From the short-term 4-hour level, the Bollinger Bands also opened, and the MACD bullish energy column showed signs of weakening, close to the upper rail, and the KDJ three-line adhesion showed signs of a dead cross, indicating that the market needs to retrace. Two small negative lines on the hourly chart level have begun to play a retracement script.
