● Data: BTC volatility has significantly decreased since October, with the main IV approaching 40%
According to the Odaily Planet Daily report, Adam, a macro researcher at Greeks.live, posted on BTC is known for its high volatility, but the volatility has decreased significantly since October, with the main IV approaching 40%, and market volatility expectations are low. Looking back at the market situation in recent years, late October is often the starting point of the bull market. This year, there will be a U.S. election coupled with a U.S. dollar interest rate cut cycle.
According to BlockBeats, Cryptoquant analysts released a report saying that the price of Bitcoin is currently in a key psychological turning point area, between optimism and pessimism. As long as Bitcoin remains in this range, a sharp drop is unlikely. Historical data shows that maintaining stability in key areas is crucial to the continuation of the bull market. When a large part of the supply is profitable, optimism tends to rise. Bitcoin's current price level is testing this optimistic area.
In past market cycles, such as the bull runs in 2016 and 2020, Bitcoin has been between psychological turning points and optimistic zones, leading to sustained price increases. Similar moves could occur as long as optimistic sentiment remains. As long as Bitcoin remains within the current range, the likelihood of a significant price drop is low. A break below the range could shift market sentiment to pessimism, leading to a price drop. However, until such a breakdown occurs, the market is likely to remain optimistic. Bitcoin's price is at an important psychological level.
Historically, when prices remain within this range, the market continues to trend upward. In order to sustain the bull market, it is crucial to maintain optimism. If this area is retained, it will increase investor confidence in future price increases.
● Cryptocurrency Fear and Greed Index drops to 39, market sentiment turns to panic
According to BlockBeats, on October 10, Alternative data showed that the cryptocurrency panic and greed index was 39 today, compared with 49 yesterday, and market sentiment turned from "neutral" to "panic."
According to Jinshi, the minutes of the Federal Reserve meeting showed that some participants said they preferred to cut interest rates by 25 basis points at the September meeting. A few other participants said they might support this move. All officials supported cutting interest rates at the September meeting.
● HBO documentary believes Peter Todd is Satoshi Nakamoto, based on his posts, spelling habits, etc.
According to Odaily Planet Daily, @tier10k posted on X that the main reasons why HBO believes Peter Todd is Satoshi Nakamoto are as follows: In 2010, Todd responded to Satoshi Nakamoto on bitcointalk from a new account, and HBO claimed that he accidentally completed Satoshi Nakamoto's post with his own account. After a few days, neither account was updated. Todd later deployed the "replace-by-fee" concept discussed in the post.
The documentary claims Todd used the pseudonym "John Dillon" to promote RBF, and both used British/Canadian spellings. Satoshi released on a schedule, which the documentary claims matched the students' schedule, with more releases on weekends. Todd once discussed "sacrificing" Bitcoin, which the documentary claims refers to destroying Satoshi's Bitcoin.
● Taiwan plans to pilot bank crypto custody services in 2025
Taiwan’s Financial Supervisory Commission (FSC) is preparing to launch an institutional pilot for crypto custody services, Cointelegraph reported. The FSC plans to start collecting applications in the first quarter of 2025, Central News Agency reported on Oct. 8. Three Taiwanese private banks have expressed interest in piloting crypto custody services.
The Financial Supervisory Commission pointed out that financial institutions applying for the pilot program need to clearly specify the types of assets stored, such as Bitcoin, Ether or Dogecoin. In addition, institutions must also explain their target user types, including professional or ordinary investors, crypto asset platforms, etc. Hu Zehua, director of the Comprehensive Planning Department of the Financial Supervisory Commission, said at a press conference that the Financial Supervisory Commission will disclose pilot information at least 15 days before accepting applications and collect public feedback.
According to CoinDesk, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that Bitcoin and other cryptocurrencies are unlikely to become a widely used form of payment and are more likely to be seen as a means of storing value.
Gensler said at an event at New York University Law School that the SEC is neutral on cryptocurrencies and the investing public will decide through disclosure whether they are useful.
