News linked to both this project and an event.
Odaily News: On-chain analyst Murphy posted on X platform that from October 7 to 8, Bitcoin long-term holders (LTHs) transferred approximately 32,000 BTC to exchanges, marking the second-largest single-day inflow since the major sell-off on February 5 this year. However, during the same period, a U.S. government-related wallet transferred approximately 17,200 BTC to Coinbase Prime. Given that this platform serves as the official custodian and trading service provider for the U.S. Marshals Service, the related transfer does not necessarily indicate a sale. After excluding this portion, the notable potential selling pressure amounts to approximately 14,800 BTC, primarily from long-term holdings with coin ages of 6 to 12 months and 3 to 5 years.Murphy noted that the long-term holder coins spent on October 8 had an average coin age of 712 days, higher than the 651 days on July 14, indicating that earlier holdings are gradually participating in turnover. He believes that long-term holder distribution during the bull-bear transition phase is not necessarily bearish. The phased release of selling pressure helps with coin redistribution, and the key lies in whether market demand can effectively absorb it. If new capital can digest the supply, sufficient turnover may actually reduce resistance for subsequent market movements.
After Strategy completed a substantial buyback of STRC preferred shares in September, Chairman Michael Saylor revealed that the company "still has room" to purchase more Bitcoin. Independent analysts believe the move aims to optimize the balance sheet and build cash reserves to support future Bitcoin acquisition plans.
Odaily reports: Crypto analyst Darkfost stated on X that when Bitcoin's price reached $83,000, approximately 53% of capital costs were positioned above that price, meaning current buyers' holding costs are higher than those of more than half of market participants. Currently, the $84,000 to $85,000 range represents Bitcoin's largest supply distribution zone, where many investors will react at this critical price level. This area is a key resistance level that Bitcoin needs to break through for its subsequent trend; if the price pulls back, the $79,000 to $77,000 range may become a potential support zone.
Odaily reports: Crypto trader Killa posted that the most ideal path for Bitcoin (BTC) would be to continue rising before the US midterm elections, building a bullish narrative and breaking previous highs, then experiencing a pullback after the elections as has occurred in historical cycles — but this time the pullback may not form a new cycle low, instead establishing a higher low.Killa stated that if BTC declines before the midterm elections, he believes the market is more likely to rebound to around $95,000 after the elections. The market has already seen nearly $2 billion in long positions liquidated, and there are only about 3 weeks remaining until the US midterm elections. The market may currently be experiencing a "maximum pain" scenario: after some market narratives have already been broken, BTC rebounds before the elections, then reverses course to pressure traders on the other side, ultimately leading the market to re-deleverage risk.Killa pointed out that in the past 4 US midterm elections, 3 saw declines within 1-2 months after the elections, with historical samples showing a probability of approximately 75%. However, he said he still holds a 10x BTC long position, as well as long positions previously established at $62,600 and $76,400, none of which have been reduced.
According to Coinglass monitoring, a whale recently placed a buy order worth $22.89 million on the Binance spot market at an order price of $82,975. The size of this buy order is considered one of the larger spot buy orders in the recent market, indicating that some large capital is positioning in this price range.
Odaily reports: Hyperliquid News has disclosed that ETH's trading volume over the past 24 hours has surpassed BTC, reaching approximately $1.1 billion. Analysts suggest that this increase in ETH trading volume may be related to a recent incident in which PaperTrade was allegedly exploited through its mechanism, and the associated trading activity may have driven up demand for ETH in the market.Community user boblob previously disclosed that two wallets were suspected of actively "attacking" the PaperTrade platform, using trades worth approximately $20 million to briefly trigger a small fluctuation in ETH price on the Hyperliquid platform (about 10-20 basis points), and established a "9-figure" long position on PaperTrade. boblob further added that there are clear issues with the current protocol that need to be fixed as soon as possible, otherwise it could affect the protocol's long-term sustainability.Crypto trader Rune pointed out that PaperTrade's official documentation has in fact already disclosed that its pricing mechanism carries an "attack" risk, noting that the main risk at the protocol level lies in the use of Hyperliquid's order book BBO (Best Bid and Offer) for price manipulation. This risk involves unresolved price manipulation pathways, contract economic mechanisms and risk exposure control, as well as operational-level protective measures and permission management mechanisms.
Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that Ethereum could rise to $25,000 to $50,000 in this cycle. He believes that ETH has been trading in a similar range for the past five years, and sustained bottoming may lay the foundation for a larger breakout ahead.Tom Lee also expects ETH to exceed $5,000 by the end of the year, noting that if Bitcoin rises above $100,000, ETH could reach around $7,500. However, market prediction data shows that traders currently see only a 4% probability of ETH reaching $5,000 by the end of 2026.
Odaily reports: Crypto analyst Darkfost posted on X platform that Bitcoin's current price action is quite similar to the market pattern seen from late 2025 to early 2026, with the price continuing to oscillate around the capital-weighted cost basis, and $80,500 possibly being a key near-term support level. Unlike realized price, which only calculates the purchase price, the capital-weighted cost basis metric weights holding costs based on the scale of invested capital, and is therefore regarded as an important zone for measuring the market's average profit and loss status.Darkfost further noted that the current zone is a key pivot where investors on average are at the critical threshold between profit and loss, and market uncertainty may prompt more investors to take action. The $80,500 level may currently serve as support, but future price action still requires continued attention.
According to CoinDesk, it has been one year since the "October 11 crash" that triggered roughly $19 billion in leveraged liquidations across the crypto market, with analysts warning that the potential structural risks behind the flash crash persist. In October 2025, Bitcoin experienced a sudden flash crash within days of hitting an all-time high above $126,000, plummeting from approximately $122,000 to $105,000 in a short timeframe and triggering the mass liquidation of leveraged long positions.
according to crypto analyst alicharts, during this Bitcoin pullback, whale cohorts have adopted an accumulation strategy for major cryptocurrencies. Over the past 72 hours, whale cohorts accumulated approximately 15,000 BTC, over 166,000 ETH, and 45 million XRP.
Well-known trader Killa posted that Bitcoin has clearly seen buying capital enter during this recent downturn, a phenomenon that closely mirrors the price action during the previous consolidation range. Analysis indicates that downside support appears limited, suggesting that a significant volume of buy orders and bullish confidence are concentrated around the low $80,000 region. As a key psychological level for Bitcoin, the support expectation at this area is further reinforced.
Odaily News — A whale trader on Hyperliquid holds a short position of 391.48 BTC, valued at $32.36 million, with an average entry price of $82,863.10. The account has $7.19 million in equity, uses cross margin with 13x leverage, and has a liquidation price of $99,801.20.According to Hyperbot data, the account has executed a total of 4,726 trades, with perpetual contract profits of $952,200 over the past week and a maximum drawdown of 11.03%. As of the time of disclosure, the short position is profitable by approximately $75,500, with funding fees of $64,249.75.This position emerged on the one-year anniversary of the massive crypto market liquidation event on October 10, 2025. Hyperliquid's Bitcoin market open interest is approximately 38,040 BTC, with this account's position accounting for about 1% of it.Coinglass data shows that if Bitcoin rises to $85,000, approximately $3.3 billion in short positions would face liquidation. Polymarket data indicates that the probability of Bitcoin reaching $100,000 before December 31, 2026, is 27.5%. On October 9, spot Bitcoin ETFs saw net inflows of $21.13 million, with BlackRock's IBIT leading the way. (Bitcoin.com News)
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net inflow of $21.13 million yesterday, with BlackRock IBIT seeing a $22.38 million net inflow, VanEck HODL a $2.33 million net inflow, and Fidelity FBTC a $3.58 million net outflow. Flows for all other ETFs were zero for the day. Cumulative net inflows year-to-date since the beginning of 2026 stand at $544 million.
According to crypto analyst Benjamin Cowen (@benjamincowen), a Bitcoin daily close below $83,000 is insufficient to confirm bearish dominance; "accepting" the range breakdown requires validation through multiple weekly closes. He emphasized that the burden of proof currently lies with the bears, not the bulls. Cowen previously noted that if Bitcoin truly falls back below the range, history could repeat itself in Q4 2026, as the market will always mislead investors with the "this time is different" narrative.
according to on-chain analyst Yu Jin's monitoring, an address received 263 ETH from Tornado Cash yesterday, then swapped it for approximately 643,000 USDC and deposited it into Hyperliquid.The address opened a 40x leveraged cross-margin short position on 305.5 BTC, with a position size of approximately $25.38 million, an average entry price of $83,068, and a liquidation price of $84,088. The current unrealized profit is about $160,000. The source of the address's funds involves Tornado Cash, but it cannot yet be confirmed whether it is related to hacker activity.
Odaily News: According to monitoring by Galaxy's head of research, the Bitcoin losses caused by the Ledger cryptocurrency supply chain attack currently amount to 213.42 BTC, valued at $17.7 million. Of this, 92% of the funds were transferred in less than 90 days ago, while some funds were transferred even earlier. All Bitcoin traced so far remains unspent and is held in 3 aggregation addresses.
According to Onchain Lens monitoring, the suspected hacker behind the reported $90 million Ledger reseller incident has deposited 430.2 ETH, worth $1.07 million, into Tornado Cash through 4 wallets. After Tether froze the related funds, the hacker swapped USDT for USDD through SUN.io and USDD's PSM, with some funds also flowing into Binance hot wallets.The hacker's wallet tracked by Arkham currently holds a total of $70.6 million in assets, including 11,406 ETH worth $28.35 million; 213.371 BTC worth $17.65 million; 13.646 million USDD worth $13.65 million; and 10.909 million USDT worth $10.91 million. Onchain Lens is calling on Binance to investigate these transfers and freeze accounts associated with the stolen funds as soon as possible.
Odaily News: Bitcoin fell to $80,350 on Thursday before rebounding, climbing back above $83,000 at the Friday U.S. stock market open and subsequently fluctuating around $82,500. The rolling 24-hour cryptocurrency liquidation amount had previously exceeded $1 billion. Despite news circulating that Ledger hardware wallet users' funds were stolen, the crypto market has not yet shown significant selling pressure.Analysts suggest that before the U.S. CPI data is released on October 14, Bitcoin may remain range-bound, with the main trading range between $81,300 and $86,500, and could repeatedly test $84,000. The market is also watching whether Bitcoin can hold the key level of $82,500 before the weekly close. (Cointelegraph)
Bitfinex analysis indicates Bitcoin is typically moved to exchanges before being sold, but during Bitcoin's decline from $87,000, coins held for 6 months or longer were hardly transferred to exchanges. Data shows that nearly all Bitcoin recently flowing into exchanges consisted of tokens that had been moved within the past week. Bitfinex notes that true market capitulation usually requires long-term holders to begin moving and selling their holdings, and this signal has not yet appeared.
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.