Strategy reports $6.536 billion in unrealized gains from its holdings, with Bitmine’s unrealized loss narrowing to $4.781 billion.

Oct 12 Update: #Bitcoin ETFs: 1D NetFlow: +127 $BTC(+$10.49M)?? 7D NetFlow: -8,538 $BTC(-$704.12M)?? #Ethereum ETFs: 1D NetFlow: -25,446 $ETH(-$64.22M)?? 7D NetFlow: -208,593 $ETH(-$526.4M)??

Bitfinex Alpha released a report stating that Bitcoin’s price movement this week will be influenced by Wednesday’s U.S. CPI data release and the strength of spot buying. The report predicts that before the CPI announcement, BTC will likely trade in a range of $81,300 to $84,500. It notes that BTC has fallen 7.9% from its October 2 high of $87,197, hitting a low of $80,347 on October 8 before reclaiming the previous range high of $81,300. During the same period, around $1.18 billion in crypto positions were liquidated, and open interest has not yet recovered significantly, meaning the next market move will rely more on spot market demand, which remains the weakest link in the market. The overall cost basis for Bitcoin ETF investors is approximately $84,340, slightly above the current price, so some investors may sell near their cost basis if the price rebounds. On the macro front, the U.S. core PCE inflation rate stands at 3%, and the 10-year U.S. Treasury real yield is 2.91%. The report argues that if core CPI’s month-over-month increase does not exceed 0.2%, interest rate expectations may be lowered, providing upward momentum for BTC; if it hits 0.3% or higher, spot buying will face greater pressure. The report adds that if BTC successfully breaks above $84,500 supported by ETF inflows, its next target could be the year-to-date opening price of $87,722; if it consistently falls below $81,300 and ETF outflows resume, attention should be paid to the real market average of around $77,400.

According to BIT (Bit.com) market data, US stocks opened with the Dow Jones Industrial Average up 0.18%, the S&P 500 gaining 0.05%, and the Nasdaq down 0.04%. Chip stocks weakened, with SK Hynix (SKHY.O) falling 3.2%, Micron Technology (MU.O) down 3.16%, SanDisk (SNDK.O) dropping 3.28%, and Western Digital (WDC.O) declining more than 2%.

StoneX raises the target price for digital asset tokenization platform Securitize (SECZ) by 50% to $18, while maintaining its "Buy" rating. StoneX noted that Securitize has evolved from a tokenization service provider to a "market operator", but the market still views it solely as a tokenization vendor, failing to fully price in its business transformation. According to market data from BIT (Bit.com), SECZ fell more than 6% intraday to $12.96, with its market capitalization dropping to $2.105 billion.

Tom Lee (@fundstrat)'s #Bitmine bought another 12,532 $ETH ($31.67M) last week. It now holds 6,028,946 $ETH ($15.24B), 4.94% of the total supply. Just 77,442 $ETH away from its 5% accumulation target.

Beating AI News Flash: Broadcom CEO Hock Tan told attendees at Singapore’s DBS Asia Future Forward conference that capital is replacing chips, storage, and power supply as the biggest constraint on AI industry growth. He warned that many AI investors do not understand the technology they are betting on yet expect high returns, with their investment behavior resembling casino gambling. Tan cited OpenAI as an example, noting the firm’s annualized revenue hit $50 billion in September, but its steep model training costs still left it operating at a loss, adding that revenue growth does not equal a validated business model. He also projected that wafer shortages could improve between 2028 and 2029, while power supply is expected to gradually ease as new infrastructure comes online. Intel CEO Chen Liwu also noted that rising financing costs and uncertainty around investment returns are emerging as core challenges for the AI sector. While both executives agreed demand for computing power will stay robust over the next two to three years, Tan warned that if the rollout of advanced AI models falls short of expectations or if model capability improvements hit bottlenecks, demand for computing infrastructure could slow sharply.