Trader Eugene: The market is still in a state of "hellish difficulty," and even excellent traders are experiencing repeated liquidations

On October 22nd, as per The Wall Street Journal, the NHL (National Hockey League) has come to an authorization agreement with Polymarket.

On October 22nd, according to HTX market data, Bitcoin experienced a rebound and broke through $108,000. The 24-hour decline was narrowed to 0.4%.

On October 22nd, the CryptoQuant analyst ShayanMarkets stated that the ratio of the market value to the realized value of Bitcoin (MVRV) recently dropped below its 365-day moving average. This is a signal that has historically appeared multiple times before the market forms a cyclical bottom. The analyst pointed out that the current MVRV ratio is approximately 1.9, which is slightly lower than its 365-day simple moving average (SMA). Looking at historical data, each time the MVRV fell below the 365-day SMA, the Bitcoin price witnessed a significant rebound: a 135% increase in mid-2021, a 100% increase in June 2022, and a 196% increase in early 2024. ShayanMarkets believes that this pattern indicates that Bitcoin may once again enter the undervalued range, where long-term holders typically start to accumulate again. If history repeats itself, the Bitcoin price is expected to reach the range of $115,000 to $190,000 towards the end of the bull market.

On October 22nd, the stablecoin and fiat payment infrastructure Cybrid concluded a $10 million Series A funding round. The newly obtained funds will be utilized to expand stablecoin and fiat payment channels.

On October 22nd, according to official channels, Binance Wallet exclusively launched the 41st phase of TGE for @aPriori (APR): Subscription Period: From 4:00 PM to 6:00 PM on October 23rd, 2025 (UTC+8) Subscription Qualification: Eligible users must participate by using Binance Alpha Points An additional 25,000,000 APR will be allocated for future events, and the specific details will be announced later.

On October 22nd, according to the report in Fortune, Senate Democrats are demanding that Steve Witkoff, a key advisor to Trump, disclose details of his cryptocurrency investments and the reasons for not divesting assets.