News linked to both this project and an event.
According to Bloomberg analyst James Seyffart (@JSeyff), BlackRock has submitted a new Bitcoin ETF application titled “iShares Bitcoin Managed Protection ETF,” with the ticker symbol PBIT. The product is a “buffered” ETF that provides downside protection, but investors must forego some upside returns. Operating as a 1940 Act fund, it uses IBIT as its underlying asset and utilizes the purchase and sale of related options to achieve predefined payoff outcomes. This marks the third Bitcoin-related ETF filing by BlackRock, whose current product lineup remains limited to Bitcoin and Ethereum, without covering other crypto assets. Seyffart also noted that firms such as Calamos and First Trust have previously launched similar buffered/defined outcome Bitcoin ETFs.
Odaily reports: Bitcoin News posted on X that Charles Schwab has opened Bitcoin and Ethereum trading to all eligible US retail clients through its existing investment platform, charging a 0.75% fee per trade with a minimum of $1 and a maximum single-trade limit of $2 million. The company is rolling out digital asset transfers between Schwab accounts and external wallets in phases, requiring users to pre-register withdrawal addresses and complete security checks. Paxos Trust Company provides custody, trade execution, and settlement infrastructure, and the related digital assets are not covered by SIPC or FDIC insurance.
According to Lookonchain monitoring, a whale holds BTC and ETH long positions worth a total of $141 million, including 1,236 BTC valued at $102.2 million and 15,928 ETH valued at $38.67 million.
Odaily Report: Bitcoin News posted on X that Bitcoin rose about 2.4%, hitting a five-day high near $82,830 and rebounding from a low near $80,600 caused by weekend selling. Market expectations for another Fed rate hike have declined significantly, with traders now pricing in about a 12% probability that the Fed will raise rates at its October 28 meeting. Higher-than-expected U.S. inflation data last week had briefly sparked concerns about further monetary tightening; meanwhile, falling oil prices and U.S. Treasury yields improved investor sentiment.
QCP's latest market analysis indicates that Bitcoin has maintained resilience within a narrow $80,000–$83,000 range throughout the past week, establishing firm support at the $80,000 level, which contrasts with tech stocks remaining under persistent pressure. From a macro perspective, despite robust inflation data, safe-haven demand has driven long-dated US Treasuries higher, while comments from Federal Reserve officials have tempered rate hike expectations. The subsequent pullback in Treasury yields has provided support for risk assets, including Bitcoin. Capital flows are showing signs of rotation from crowded artificial intelligence segments, such as semiconductors, into defensive sectors like healthcare and banking; however, there remains no clear evidence of large-scale direct inflows into cryptocurrency markets.
Hyperliquid trader address 0x30af closed a 1,355.6 BTC long position at an average price of approximately $80,945 on October 18, ending a position previously worth about $98 million with 40x leverage. On-chain data platform Lookonchain estimates the loss at $3.26 million.Subsequently, the address opened a Tesla long position worth $34.6 million on Hyperliquid's HIP-3 market, using 20x isolated leverage with an entry price of $360.23 and a liquidation price of approximately $350.74. Tesla is set to report its third-quarter earnings on October 21.The address also holds a $7.6 million Roundhill Memory ETF long position and a $3.9 million Direxion Daily Semiconductor Bull 3X Fund long position, with leverage of 20x and 10x respectively. Hyperdash data shows the address lost $9.53 million over the past week and $6.52 million over the past month. (Bitcoin.com News)
CryptoQuant analyst XWIN Japan stated that data indicates Bitcoin still possesses certain bottoming conditions, but the recovery in supply and demand remains uneven. Exchange BTC reserves have rebounded from approximately 2.67 million in early October to around 2.68 million. Although this figure remains below January levels, it suggests that exchange supply is no longer continuing to decline. Furthermore, the increase in reserves may also result from custody adjustments and cannot be directly interpreted as rising selling pressure.
Analyst Axel Adler Jr. noted that since July 30, the long-term holder supply of Bitcoin has fallen from 16.41 million to 16.06 million, a cumulative decrease of 345,000 BTC, or roughly 2%. Over the past week, holdings dropped by 9,000, but increased by 40,000 in the most recent three days. The Long-Term Holder Spending Frequency indicator shows that between October 6 and 10, it reached 13 days out of the past 15 with declining holdings, marking a near-one-year high; as of October 19, this figure had receded to 10 days. At the current BTC price of approximately $82,800, the long-term holders' average cost basis stands at around $48,600, yielding an overall unrealized gain of roughly 70%. Adler suggests that if the number of days with declining holdings over the past 15 days drops further to around 7, the long-term holders' spending frequency would noticeably decrease.
Odaily reports: Analyst Darkfost posted that since Bitcoin hit its peak last October, its maximum drawdown has reached 54%, and the current price is about 35% below the high. Over the same period, cumulative sell pressure in Binance's Meme coin sector has exceeded $1.4 billion, making it one of the sectors hardest hit in this bear market.Darkfost noted that Meme coins lack fundamental support, with prices driven mainly by market sentiment and cultural trends. Currently, Meme coins' share of the total altcoin market cap has fallen to a historic low of less than 3%, reflecting continued liquidity outflow from the sector. He believes that Meme coins tend to face greater downside pressure during market corrections, and investors should be alert to related risks.
Odaily Report: A Bitcoin whale received Bitcoin worth $54,000 in 2013, when the price of Bitcoin was around $130. The whale held this Bitcoin for 13 years, and it is now worth more than $30 million. Seven hours ago, the whale transferred this Bitcoin to a new wallet for the first time.
According to monitoring by on-chain analytics platform Arkham (@arkham), a Bitcoin whale acquired bitcoin in 2013 at a cost of approximately $54,000, when BTC was trading at around $130. The address held the assets untouched for 13 years, with the position's value now exceeding $30 million, and recently transferred the funds to a new wallet for the first time.
According to The Block, Bitcoin spot ETFs saw a net outflow of $228.6 million last week, with BlackRock’s IBIT accounting for $165.5 million. Ethereum spot ETFs experienced even larger net outflows, totaling $320 million.
According to Odaily monitoring, a certain address's contract account has accumulated profits exceeding $126 million. Between 08:05 and 10:25 on October 19, the address first closed approximately $18.51 million worth of BTC short positions, then opened approximately $24.09 million worth of BTC short positions, net increasing its position by approximately $5.61 million, with the short position value rising from approximately $14.62 million to approximately $20.29 million; the closing of the position resulted in a loss of approximately $46,000.Address: 0x7fdafde5cfb5465924316eced2d3715494c517d1
According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x30a…6393e has exited its highly leveraged long positions on BTC and ETH via stop-loss. The address previously held $110 million worth of BTC longs. At the overall market bottom early this morning, it had only $184 of margin space before liquidation, but ultimately avoided a wipeout following a market rebound. Four hours ago, the address closed 1,821.84 BTC, incurring a $3.26 million loss. Combined with a $1.08 million loss on its ETH positions, the total loss for this round amounts to $4.34 million.
10x Research's latest crypto market weekly report notes that the crypto market broadly suffered a sell-off last week, with altcoins declining significantly more than Bitcoin. The 141 tokens it tracks fell 14% on average, while Bitcoin dropped only 3% over the same period.10x Research states that trading volume in the crypto market is currently declining, stablecoin supply continues to contract, and ETF fund flows have turned to net outflows, reflecting mounting pressure on market liquidity.However, options market pricing indicates that pressure remains relatively low, while speculative positions in the CME futures market are near highs, suggesting that the derivatives market has not yet fully reflected the weak performance of the spot market.10x Research believes that investors should focus this week on key Bitcoin technical levels, Ethereum position allocation, as well as capital flows and position changes in the altcoin market.
Odaily report: According to monitoring by on-chain analyst Ember, a whale's BTC long position worth $110 million was not triggered by its market-price stop-loss. At 4 AM today, BTC dropped to a low of $80,684, still $184 away from the whale's $80,500 stop-loss price. At 5 AM, the whale closed the BTC long position at $80,949, incurring a loss of $3.26 million. Subsequently, the whale shifted to going long on $45.8 million worth of US stocks, including TSLA, DRAM, and SOXL.
Odaily reports: U.S. brokerage Charles Schwab is rolling out Bitcoin and Ethereum external wallet transfers to eligible clients in phases, supporting transfers of the relevant assets into and out of external wallets, expanding its service scope beyond merely providing market exposure within investment accounts. Charles Schwab stated that Bitcoin and Ethereum held through its services will not receive FDIC insurance, and the relevant crypto assets are not insured traditional bank deposits. The service will be launched gradually, and the company has discussed expanding supported assets beyond Bitcoin and Ethereum.
Odaily reports: Blockchain project Qubic has disclosed that between October 17 and 18, approximately 2.94 trillion QU worth $1.3 million was transferred out of 1,404 wallets. The unauthorized transfers occurred between 23:42 and 01:26 the following day, after which network validators paused transactions at tick 85,371,949.Qubic stated that the incident involved predictable wallet seeds generated by older Apple devices and browsers, and that the issue has been fixed in version 4.26.4. Developers also secured other at-risk funds before the attacker could move them.About 87.1% of the stolen QU remains within the paused Qubic network, while approximately 12.9% was transferred to cryptocurrency exchange MEXC and frozen. Cryptocurrency exchange Bitget has suspended QUBIC deposits and withdrawals. Whether victims will be compensated is to be decided by Qubic's Computor cluster, and QEARN staking remains unaffected. (Bitcoin.com News)
Galaxy's head of research posted on X that Bitcoin ETF net inflows remain positive year-to-date, reaching $355 million, and turned positive again in September.
market analysts are divided on whether Bitcoin can return to $100,000 before the end of 2026.Ryan Rasmussen, Head of Research at crypto asset management firm Bitwise, believes that factors such as institutional demand through ETFs and corporate Bitcoin purchases, concerns over inflation and government debt, and an improving regulatory environment are expected to push Bitcoin to higher levels by year-end, potentially even breaking through $100,000.Adam Morgan McCarthy, Head of Research at London-based crypto trading and market data firm LO:TECH, expects Bitcoin to trade mainly in the $85,000 to $95,000 range through year-end. He noted that inflation pressures and the possibility of further rate hikes by the Federal Reserve will continue to weigh on Bitcoin's performance. U.S. consumer prices rose 0.6% month-over-month in September, with core CPI up 0.3% month-over-month, complicating the outlook for monetary policy.Luca Invernizzi, Senior Derivatives Trader at Nomura's crypto unit Laser Digital, said Bitcoin will remain primarily driven by macroeconomic factors and U.S. long-term Treasury yields in the near term. However, market leverage has been largely flushed out, and if Bitcoin effectively breaks above $90,000, it could trigger a new round of short-covering. James Butterfill, Head of Research at CoinShares, also believes that the contradiction between inflation and a weakening job market will influence the Fed's subsequent policy decisions and Bitcoin's trajectory. (CoinDesk)