News linked to both this project and an event.
Following the last surge in Bitcoin inflows of a similar scale, BTC prices topped out within a few weeks.
According to Onchain Lens monitoring, a whale withdrew 3,501 BTC, valued at approximately $285.8 million, from Bitstamp and subsequently continued transferring the funds to new wallets.
Analyst Darkfost posted that the largest Bitcoin UTXO spending activity since 2026 has occurred on-chain, with cumulative spending of UTXOs each valued at over $1 million exceeding $21 billion, involving more than 230,000 BTC, and the related operations likely came from the same entity. Among them, most UTXOs had previously been dormant for 1 to 6 months, while another approximately $4.6 billion came from long-term holders (LTHs) who had held for 1 to 3 years.Darkfost noted that these bitcoins were likely mainly transferred between different addresses, and there are currently no obvious signs of flows to exchanges, so this cannot be used to judge large-scale selling. If the subsequent spending of the relevant UTXOs corresponds to realized profits or losses, on-chain realized profit and loss metrics may show significant changes.
Trader Killa posted that in a bull market, traders should seize the opportunity to go long when prices dip within an established range. However, because the market previously went through a bear market full of fake breakouts, many traders still habitually view every rebound as a bull trap. Bitcoin's trading range and bottom structure have already formed, with the area around $80,000 being a key zone. Although Bitcoin may still pull back again to sweep liquidity, it could ultimately just head higher directly, causing traders who keep waiting for lower prices to miss the move. Traders should follow the market trend rather than stubbornly clinging to a bearish scenario.
Odaily reports: Lookonchain posted on X platform that as of October 23, Bitcoin ETFs saw a single-day net outflow of 6,998 BTC, approximately $572 million; over the past 7 days, there was a net inflow of 4,312 BTC, approximately $352 million. Ethereum ETFs saw a single-day net outflow of 19,381 ETH, approximately $46.54 million; over the past 7 days, there was a net outflow of 115,218 ETH, approximately $277 million.
Odaily reports: Trader Killa posted that Bitcoin's next major cycle inflection point is expected to arrive within a few days. Based on his observation of price movements over the past 600-plus days, the previous 11 inflection points all saw price action contrary to the mainstream market narrative. Bearish sentiment is still accumulating in the market, and if this pattern repeats, Bitcoin could rally against the trend by at least 5%. Killa also noted that a significant move may not necessarily occur immediately after the inflection point arrives, and he will focus on price performance at that time.
According to Onchain Lens monitoring, BlackRock ETF-related wallets transferred 3,215 BTC, worth approximately $262.41 million, and 38,882 ETH, worth approximately $93.22 million, to Coinbase Prime over the past 2 hours, with the two transfers totaling approximately $355.63 million.
Odaily reports: U.S. spot Bitcoin ETFs saw a net outflow of $635.6 million on Thursday, the largest single-day net outflow since June. Among them, BlackRock's IBIT saw a net outflow of $254.1 million, Fidelity's FBTC saw a net outflow of $217.5 million, and Ark Invest and 21Shares' ARKB saw a net outflow of $109.4 million. Morgan Stanley's MSBT bucked the trend with a net inflow of $2.3 million; since its launch in April this year, the fund has recorded only one single-day net outflow.Despite the large outflow on Thursday, U.S. spot Bitcoin ETFs still recorded cumulative net inflows of $442.7 million this week. Since their launch in January 2024, such ETFs have accumulated more than $57 billion in net inflows, with assets under management exceeding $100 billion. Meanwhile, U.S. spot Ethereum ETFs saw a net outflow of $110.6 million on Thursday, Solana and Hyperliquid ETFs also saw outflows, while XRP ETFs recorded a net inflow of $3.6 million.In the market, Bitcoin fell to about $81,500 at one point on Friday, down 3.4% over the past 24 hours. The selloff in U.S. tech stocks spread to Asian markets, compounded by concerns over AI spending and geopolitical tensions, weighing on crypto market performance. Over the past 24 hours, liquidations of leveraged positions in the crypto market totaled at least $440 million, of which about $397 million were long liquidations. Jeff Anderson, head of STS Digital's U.S. division, said the market has recently remained in a trading range of $80,000 to $86,000, and attention should be paid to the direction of a breakout from the range. (The Block)
According to Lookonchain monitoring, a whale transferred a total of 4,000 BTC to Binance and Deribit in the past 5 hours, worth approximately $327 million.
According to an official announcement, Binance Alpha will delist PTB (Portal to Bitcoin), AA (ARAI), OWL (Owlto Finance), DORA, ELIZAOS (elizaOS), MEMES (memes will continue), and KAKU on October 23 at 17:30. Following the token removal, Binance Alpha will continue to support withdrawals and selling for these tokens.
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin has consistently experienced net outflows from exchanges since September 22, with the current 30-day average net outflow at approximately 1,500 BTC per day, a significant drop from the roughly 3,000 BTC observed a week ago. However, this decline is primarily due to the large outflow data from September 22 falling out of the 30-day tracking window, rather than indicating a new large-scale influx of funds back to exchanges.
According to an analysis published by on-chain analyst Darkfost on CryptoQuant, sustained tensions in the Gulf region and escalating Ukrainian attacks on Russian refineries have kept Brent crude prices consistently above $100. High oil prices are cascading into production costs, service prices, and commodities, embedding inflation deeper into the economy. This may drag down economic growth, constrain market liquidity, and particularly pressure high-risk assets such as Bitcoin. Historical data indicates that when Brent crude enters a strong uptrend and trades above its annual average, Bitcoin's momentum typically slows; conversely, sharp declines in oil prices often coincide with Bitcoin rallies. Oil prices saw a brief dip in July, benefiting Bitcoin, but Brent has since staged a strong rebound. Darkfost noted that there is no simple causal relationship between the two; rather, it is the economic environment driven by high oil prices that poses headwinds for risk assets. Although liquidity could rotate across different markets and continue to support Bitcoin's upside, current macroeconomic conditions are unfavorable for fresh liquidity inflows.
According to monitoring by on-chain analyst Onchain Lens, a Bitcoin whale deposited 949.7 BTC (approximately $77.55 million) to Binance and Deribit, likely for sale. Additionally, the whale transferred another ~4,150 BTC (worth approximately $337.7 million) to its own wallet, which had previously moved funds to exchanges.
According to data released by Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $635.54 million yesterday. Among them, BlackRock's IBIT saw a net outflow of $254.1 million, Fidelity's FBTC had a net outflow of $217.46 million, ARK's ARKB recorded a net outflow of $109.43 million, Grayscale's GBTC posted a net outflow of $29.53 million, and Bitwise's BITB experienced a net outflow of $27.35 million. Morgan Stanley's MSBT saw a net inflow of $2.33 million, while net flows for the remaining listed funds were zero.
Odaily Report: Fidelity Digital Assets research analyst Zack Wainwright noted in an analysis published on October 20 that preferred stock financing oriented toward Bitcoin could attract capital from the approximately $15 trillion global fixed income market. Fidelity estimates that the size of this type of preferred stock is approximately $12 billion.As of October 5, preferred stock financing has supported the purchase of 135,979 BTC, of which more than 95,000 were purchased between March and May. Fidelity estimates that nearly 96% of Bitcoin's maximum supply has been issued, and the next halving is expected in less than two years.Bitcoin treasury company Strive Inc. completed a 15% Series A Perpetual SATS Preferred Stock offering on October 20, selling 7 million shares at $90 per share for total proceeds of $630 million; the dividend rate is calculated on a $100 par value and is 15% annualized.Bitcoin treasury company Strategy Inc. disclosed that it holds 848,517 BTC and purchased 267 BTC the previous week for $22.1 million, using proceeds from common stock issuance and cash. Fidelity noted that the performance of related instruments is affected by both Bitcoin and the issuing company. (Bitcoin.com News)
Odaily reports: According to Onchain Lens monitoring, BlackRock purchased $46.59 million worth of Bitcoin and Ethereum. Its ETF wallets received 384.77 BTC, worth $31.4 million, from Coinbase Prime, and received 6,334 ETH, worth $15.19 million. Previously, BlackRock transferred 18,098 ETH, worth $43.6 million, to Coinbase Prime through the ETHA and ETHB ETF wallets.
In a research report released on Thursday, DWF Labs pointed out that daily fund flows of U.S. spot Bitcoin ETFs are poor predictors of Bitcoin's subsequent price movements, as investors tend to buy after prices rise and withdraw funds when prices fall. The study covered 694 trading days since the launch of U.S. spot Bitcoin ETFs in January 2024: in the 8 instances where Bitcoin's price dropped by 15%, net ETF outflows occurred 7 times; while in all 9 instances where prices rose by 15%, net inflows occurred. DWF Labs concluded that ETF fund flows are more of a confirmation of market trends rather than a leading indicator.Data shows that the correlation coefficient between same-day ETF fund flows and Bitcoin price changes over the previous 5 trading days was 0.54, but the correlation coefficient with price changes over the subsequent 5 trading days was only 0.03. Between October 2025 and February 2026, Bitcoin ETFs saw net outflows of approximately $6.9 billion, and during the market downturn from May to June 2026, net outflows reached approximately $8.2 billion. DWF Labs also noted that some ETF trading may involve hedging strategies that combine buying fund shares with shorting Bitcoin via CME futures, meaning fund flows do not directly reflect investors' true bullish or bearish positions. (Cointelegraph)
Odaily reports: Bitcoin's market dominance rose to 60% on Wednesday, reaching its highest level since May of this year and holding near that level, reflecting investors' preference for holding Bitcoin over altcoins. Meanwhile, Bitcoin fell below $82,000 on Thursday, giving back gains from the previous day's brief break above $84,000. Small-cap tokens saw more pronounced declines, with the CoinDesk Memecoin Index dropping over 5%, the Computing Select Index falling 3.5%, and the DeFi Select Index down 2.5%.Joel Kruger, market strategist at LMAX Group, said that the crypto market's prior outperformance relative to other assets has shifted to trading more closely in line with equity markets, with investors awaiting new industry catalysts. Vikram Subburaj, CEO of Indian exchange Giottus, noted that Bitcoin ETF inflows have yet to form a sustained trend, and investors should avoid chasing rallies while monitoring ETF fund flows and Federal Reserve policy signals. (CoinDesk)
Odaily reports, according to Lookonchain monitoring, a whale was liquidated for 121.33 BTC, worth $9.91 million, during the market downturn.
According to Lookonchain, a whale sold 246.25 BTC (approximately $20.64 million) today and simultaneously purchased 8,286 ETH (approximately $20.64 million). Over the past 11 days, this address has cumulatively sold 1,917.7 BTC (approximately $159 million) in exchange for 64,545 ETH (approximately $155 million).