News linked to both this project and an event.
Following a post by CryptoQuant analyst MorenoDV_, on-chain data shows that excluding exchange and mining pool addresses, the total holdings of Bitcoin whales have increased from approximately 2.94 million BTC in late August to nearly 3 million BTC, representing a net growth of roughly 60,000 BTC (about 2%) and setting a new annual high. This accumulation pattern has been intermittent: growth slowed in September before accelerating again from late September to early October. This rhythm indicates that large holders are expanding their exposure only after the price begins to rebound, rather than positioning ahead of time. The concurrent rise in price and holdings reflects steady absorption of market supply. If this trend continues, it will help digest profit-taking pressure and likely push the market from a short-term rebound into a more sustained upward trajectory.
Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale opened max-leverage long positions on BTC and ETH worth $187 million 4 hours ago. The BTC long position is 1,822 coins, valued at $150 million, with an entry price of $82,409 and a liquidation price of $80,634; the ETH long position is 15,270 coins, valued at $37.33 million, with an entry price of $2,455 and a liquidation price of $2,406. The whale's most successful previous trade yielded a profit of $14.8 million: going long on NEAR at $2.14 in late August and taking profit at $4.88 in late September.
Odaily reports: According to on-chain analyst Ai Yi's monitoring, a whale that made a $1.08 million profit a month ago by buying low and selling high on ETH has once again opened a position worth $14.22 million in ETH. Two hours ago, two addresses suspected to belong to the same whale withdrew 6,010 ETH from Binance, at an average withdrawal price of $2,367. One of the addresses had opened a position at $1,874 between July 31 and August 14 of this year, and is suspected to have exited at $2,405, with a return rate of 28.33%.
According to Lookonchain, a whale who opened an ETH long position ahead of the market rebound has now closed the position, realizing a profit of $8.93 million. Data shows the address established a 20,000 ETH long position (valued at approximately $48.4 million) on August 19 and held it for over 56 days. The position's unrealized gains peaked at $17 million during the holding period.
on October 14, Tempo announced that payroll platform Deel has become the first customer to use its Zones privacy system in a production environment, with contractor balances and payment histories no longer publicly visible. Funds deposited into a Zone by Deel's treasury department remain visible on the public network, but contractors' recipients, payment amounts, and asset holdings remain private; contractors can view their own balances, while Deel retains access for reconciliation and auditing purposes.Each Zone maintains a private ledger and connects to the Tempo public network through a portal that holds endorsed assets. Deposits and withdrawals still leave records on the public network, including token amounts and public network addresses. Operators can read the private ledger, restrict participants and supported assets, and enforce token issuers' transfer policies. This integration adds privacy features to Deel's existing wallet, which was opened to eligible contractors in over 80 countries in August; embedded wallet service provider Privy supports Zones through its API.
Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale opened a long position of 20,000 ETH at $1,936 on August 19, and closed it today, 2 months later, at $2,421.6, making a profit of $8.93 million. Previously, on September 22, when ETH rose to $2,800, the whale's unrealized profit had reached $17.42 million.
According to monitoring by CryptoQuant analyst nocoffeenobrain, coins with a holding age of 1–3 years and over 3 years began showing signs of activity as early as late September, coinciding with BTC prices rising from the mid-$70,000 range to the mid-$80,000 range. Following the recent Ledger hack, which prompted numerous users to migrate assets to new signing devices and replace their seed phrases, the 7-day moving average is expected to climb further over the next few days. The analyst noted that a similar pattern occurred previously: during January to February this year, when BTC dropped from $90,000 to the mid-$60,000 range, and between July and August while BTC consolidated around the mid-$60,000 range, both of these holding age cohorts exhibited synchronized activity.
Odaily reports: According to on-chain analyst Aunt Ai's monitoring, a whale accumulated 5,147 ETH between August 12 and 13 at an average price of $1,886.7, and 5 hours ago transferred 5,170 ETH into Tornado Cash for batch "cleansing," worth $12.82 million; this portion of tokens currently has an unrealized profit of $3.056 million, and the purpose of the transfer is unknown.
Odaily reports, according to monitoring data from Axel Adler Jr, the average cost basis for Bitcoin long-term holders is $48,600, and the current Bitcoin price is approximately 72% above their cost. This group has been in profit continuously since January 2023, with the most recent approach to the cost line occurring in March 2023.The average cost basis for Bitcoin long-term holders peaked at $49,500 on July 30 and has since declined by 1.7%. Since August 1, 60 out of 74 days have seen negative weekly changes, with the largest single-week decline of 0.34% on August 25, and the current reading is -0.06%. Axel Adler Jr stated that this decline remains moderate; if it continues to drop further, it would indicate accelerated selling, while a return to positive territory would mean long-term holders are re-accumulating.
Odaily reports: On-chain analyst Murphy posted that as of October 11, the holdings of Bitcoin First Buyers (FB) in this cycle have reached 4.27 million coins, recovering to levels seen in mid-August 2023. Compared to before the market rally began in August of this year, new buyers have accumulated approximately 400,000 BTC over the past two months, accounting for about 2% of the total circulating supply, with an average monthly increase of about 200,000 coins. By comparison, between January and August 2023, new buyers accumulated approximately 340,000 BTC over a period of about 7 months.Murphy pointed out that the current BTC price is approximately 2.6 times that of the same period in 2023, meaning the capital required for new buyers to accumulate in this cycle is significantly larger than in the previous cycle, reflecting stronger new demand. Additionally, in September, the market saw the emergence of Momentum Buyers (MB) for the first time since January of this year — investors who continue to add to their positions above their own cost basis. Murphy believes that the emergence of such buyers helps boost market confidence and drive upward trends, while during bear market rebounds, momentum buyers typically do not see significant growth.
According to a report from Binance Research, since August 31, the US 10-year Treasury yield has risen by 47 basis points to 5.22%, with 43 basis points driven by an increase in real yields (currently at 2.87%, peaking at 2.95% on October 5, the highest since 2008), while inflation expectations contributed only 4 basis points. Since the rate hike on September 16, leading market sectors have been highly concentrated: in equities, the S&P 500 rose 3.3%, led by semiconductors up 10.6%, while small-cap and bank stocks declined, and the equal-weight index remained flat; in crypto markets, Bitcoin gained 9.3%, Ethereum rose 2.7%, with Layer 2 (+32%), RWA (+29%), and AI tokens (+29%) leading the way, while Meme coins and payment tokens only advanced 5%. In terms of fund flows, net inflows into stocks on the Binance platform reached $169 million, with semiconductor-related inflows nearly quadrupling to $73 million, and Intel attracting $32 million in a single week despite a 12% drop in its stock price. Key focus areas ahead include the September CPI data (expected to rise from 3.4% to 3.7%) and the banking earnings season, which will serve as a key test of the current market landscape.
CryptoQuant analyst Axel Adler Jr. stated that over the past 30 days, Bitcoin transaction fee revenue averaged 0.64% of miners' total revenue, down from 0.65% the previous week, and has remained below 1% since mid-August 2025. Miners' revenue still mainly comes from newly issued Bitcoin, with fees contributing limited support to profitability; although Bitcoin's price has rebounded from around $59,000 to $84,000, older mining machines still face significant profitability pressure at current electricity prices. The above costs only account for electricity expenses and do not include other expenditures such as mining machine purchases, cooling facilities, and maintenance. A fee revenue share below 1% does not directly mean that miners are shutting down operations on a large scale or selling off reserves.
CryptoQuant analyst Axel Adler Jr. stated that over the past 30 days, transaction fees accounted for an average of only 0.64% of Bitcoin miner revenue, down slightly from 0.65% a week ago and remaining consistently below 1% since mid-August 2025. This indicates that current miner revenue still relies primarily on block rewards, with fees providing limited support to profitability.
Starknet has published an introduction to its Quantum-Safe Bitcoin (QSB) scheme, stating that StarkWare researchers have verified a quantum-safe locking mechanism on the Bitcoin mainnet that requires no soft fork, no new opcodes, and no changes to consensus rules. The first QSB output was spent on August 26, 2026, in Bitcoin mainnet block 964,199, with the associated GPU computation cost reduced from approximately $320 to about $50. QSB builds its locking mechanism through hash computation, but each transaction still requires substantial computation, and moving assets into the scheme still requires a traditional transaction that carries quantum risk. The transaction does not comply with Bitcoin Core's default relay rules, and there is currently no accompanying wallet, address format, or recovery process. StarkWare stated that QSB is an emergency research solution, and that the long-term solution still requires the introduction of post-quantum signature mechanisms via a soft fork. Starknet's full quantum resistance also depends on the progress of Ethereum's underlying upgrades.
CryptoQuant analyst Darkfost stated that the cryptocurrency market has recently entered a short-term correction phase, with the total market capitalization of altcoins excluding Bitcoin (Total2) shrinking by over $110 billion within three days; Ethereum (ETH) alone fell by 11%, erasing more than $38 billion in market value. Despite the price pullback, investors continue to accumulate and withdraw Ethereum. During this period, ETH reserves on Binance dropped from 3.57 million coins to 3.47 million coins, reaching a six-month low—a decrease of nearly 11.5% compared to the 3.92 million coins held in August. Meanwhile, withdrawal activity on the Binance platform surged significantly, with over 320,000 ETH withdrawal transactions recorded on October 6 alone, setting a new all-time high.
Odaily reports: CryptoQuant posted on X platform that Bitcoin miners have recently stopped large-scale selling. Since Bitcoin hit a low of $76,000 on August 21 and miner status shifted from "extremely underpaid" to "fairly paid," no extreme miner fund outflows have occurred.CryptoQuant stated that miner selling pressure was once a significant supply source continuously affecting Bitcoin's price during the 2026 bear market, and the current disappearance of this steady selling pressure may help alleviate market supply pressure.
Odaily News: According to monitoring by on-chain analyst Ember, rollover trader @AguilaTrades (0x1f25...f925) frequently used large positions to roll over long positions on Hyperliquid from June to August last year, losing $37.6 million within 2 months, and had not opened any positions on Hyperliquid for 14 consecutive months since then. 20 minutes ago, they withdrew 500,000 USDC from Bybit to Hyperliquid, then went long on 100 BTC worth $8.29 million, with an entry price of $82,962 and a liquidation price of $78,997.
CryptoQuant analyst Darkfost stated that after excluding Bitcoin (BTC) that has not moved in over 10 years, the proportion of the BTC supply in a profitable state has remained around 60% since August. The analysis notes that from a medium- to long-term perspective, most BTC in the market has returned to a profitable state and is far from overheated levels. Consolidation around this level is therefore a reasonable development.
Odaily report: Crypto analyst Darkfost posted on X with a chart, stating that compared to the end of August, the Bitcoin market trend has shown a clear shift, which can be observed from changes in the Capital Cost Basis. This metric calculates a weighted realized price based on transaction volume (USD), giving higher weight to BTC purchased at higher prices, thereby more accurately reflecting the actual cost of market capital.Data shows that at the end of August, BTC was still struggling near this key level, but Bitcoin has now closed above the capital cost basis of approximately $80,400 for several consecutive weeks. This means that most of the capital invested in the market is now in slight profit. As investor positions gradually turn profitable, market stability is strengthening by the day, which is a positive signal for the current BTC consolidation phase.
Odaily News - Crypto analyst Axel Adler posted that Bitcoin long-term holders (LTHs) have reduced their holdings for the 7th consecutive week, but this has not yet hindered BTC price appreciation, as the market is still absorbing the supply released by long-term holders.Data shows that the long-term holder position change indicator remained positive from February to early August this year, with long-term holders accumulating approximately 1.2 million BTC in May. The indicator turned negative on August 17 and has been in a state of reduction for 7 consecutive weeks. As of September 28, the long-term holder position change showed a decrease of 73,400 BTC, expanding from a decrease of 1,100 BTC a week earlier.Axel Adler noted that compared to the approximately 1.07 million BTC reduced by long-term holders in November 2025, the current scale of reduction remains relatively limited. If long-term holders' reductions reach hundreds of thousands of BTC again in the future while BTC price stops rising, it may signal that the market's capacity to absorb supply is declining.Additionally, the long-term holder SOPR indicator has now been above 1 for the second consecutive week, indicating that long-term holders are taking profits. On September 21, the indicator rose to 1.24, the highest level since January this year; as of September 28, LTH SOPR stood at 1.18, meaning that BTC being moved has realized approximately 18% in realized profit relative to its cost basis. Current data shows that long-term holders are gradually exiting with profits as BTC price rises, while new demand is still able to absorb the supply released by the market.