Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin falls below $82,000, with a 1.4% drop in the last 24 hours.

According to HTX market data, Bitcoin has fallen below $82,000, with a 1.4% decline in the past 24 hours.

K33: MicroStrategy’s preferred stock financing could lead to it ‘losing’ Bitcoin, with annual dividend obligations rising by roughly $725 million

Research firm K33 notes that while Strategy’s financing via preferred shares (STRC) enabled it to acquire nearly 100,000 Bitcoin in the first half of 2026, ongoing dividend costs could offset those gains. K33 estimates STRC has increased Strategy’s annual dividend obligations by around $725 million, equal to roughly 8,740 BTC at a Bitcoin price of $83,000 per coin. Excluding the approximately $7.5 billion raised via STRC in H1 2026, and reallocating dollar reserves, STRC repurchases, and most dividend spending to Bitcoin purchases instead, Strategy’s holdings would only be about 4,947 BTC higher than in that hypothetical scenario. At the above annualized cost, this gap would be wiped out in roughly seven months. K33 labels the preferred share financing model "a mistake" and favors Strategy raising funds via methods such as common stock ATM offerings.

Bitcoin ETFs see $167.62M inflow, Ethereum ETFs outflow $350.36M in 7 days

Oct 14 Update: #Bitcoin ETFs: 1D NetFlow: +2,033 $BTC(+$167.62M)?? 7D NetFlow: -7,502 $BTC(-$618.43M)?? #Ethereum ETFs: 1D NetFlow: -674 $ETH(-$1.66M)?? 7D NetFlow: -142,133 $ETH(-$350.36M)??

Bitcoin drops below $83,000.

According to HTX market data, Bitcoin has fallen below $83,000, with a 0.6% decline in the past 24 hours.

After the release of September's CPI data, the three major U.S. stock index futures plunged and turned negative, Bitcoin fell below $83,000, and spot gold and silver declined.

According to market data from BIT (bit.com), after the release of September CPI figures, the three major US stock index futures plunged and turned negative: Nasdaq futures fell 0.5%. Spot gold dropped nearly 1%, while spot silver fell nearly 2%. Bitcoin declined to break below $83,000.

Strive increases its Bitcoin holdings by another 2,822 coins at an average price of approximately $83,266.

Bitcoin treasury firm Strive filed an 8-K document today disclosing that it added 2,822 Bitcoin to its holdings between October 12 and 13, at an average price of approximately $83,266 per coin. The acquisition cost $235 million, bringing its total Bitcoin position to 35,600 coins.

Data: More than half of Bitcoin's supply remains unaccounted for, with the majority likely held in personal self-custody.

Galaxy Research Head of Research Alex Thorn noted in a recent post that despite the growth of institutional and centralized Bitcoin holdings in recent years, more than half of the cryptocurrency’s supply remains in addresses with unknown ownership. He argues that a significant portion, possibly even the majority, of Bitcoin is still held by individuals via self-custody. Per Galaxy Research’s supply attribution map, based on block height 971,382 and an unspent Bitcoin supply of roughly 20.098 million BTC, "unattributed" addresses account for 55.1% (about 11.1 million BTC). Among attributed holdings, exchanges make up 17.9%, ETFs and funds 6.0%, Patoshi (linked to Satoshi Nakamoto’s early mining patterns) 5.6%, followed by custodial institutions, miners, and corporations, among others. Top attributed holders include Coinbase, BlackRock’s IBIT, Binance, Fidelity Custody, and Strategy.

Analysts: Market indices show crypto trading activity has not yet seen a clear recovery, with Bitcoin stuck in a consolidation range awaiting a directional shift.

Crypto market analyst Axel Adler Jr stated in a social media post that Bitcoin has seen limited price volatility recently. The index tracking market activity— which integrates price volatility, exchange inflow/outflow ratios, and active buy-sell ratios— remains below its one-year average, indicating trading activity has not yet clearly recovered. The index’s 30-day moving average (MA) crossed below its one-year MA on September 12, hitting a low on October 6. It currently stands at 1768 points, lower than the one-year average of 1828 points. The analyst notes that given significant daily fluctuations, the 30-day MA is more meaningful for reference. As long as this indicator stays below its one-year MA, the market will remain in a low-activity state, aligning with Bitcoin’s recent narrow-range consolidation. If the index climbs back above its one-year MA, it could signal a resumption of trading activity; whether Bitcoin’s price breaks out of the Bollinger Bands will confirm the subsequent trend. Between October 6 and 13, the Bollinger Band width narrowed from 11.6% of the average price to 4.9%. Over the same period, Bitcoin fell from $85,800 to $83,200, with little movement in recent days. The current upper Bollinger Band is at $86,000, while the lower band is approximately $81,900. The analyst argues that a sustained price hold above $86,000 will send an upward signal, while a break below and sustained stay under $81,900 could confirm a downward trend.

Strive has made large-scale purchases of 11,417 Bitcoin over the past two months, at an average price of $82,281.

Per Lookonchain data, Strive (@Strive) bought 3,311 BTC (worth $276 million) here last week at $84,500 per BTC. In under two months, Strive has accumulated 11,417 BTC (about $952 million), at an average price of $82,281.

Yesterday, Bitcoin ETFs posted a net inflow of $175.7 million, while Ethereum ETFs registered a net inflow of $24.8 million.

According to Farside Investors’ monitoring, U.S. spot Bitcoin ETFs saw a net inflow of $175.7 million yesterday. Of that total, IBIT recorded a net inflow of $65.9 million, while FBTC posted a net inflow of $103.1 million. Ethereum ETFs logged a net inflow of $24.8 million, with FETH bringing in $8.1 million and Grayscale’s Ethereum product seeing a net inflow of $16.7 million.

A trader is bucking the trend to double down on their forecast that Bitcoin (BTC) will fall to $70,000 by year-end, holding a $2.25 million short position.

According to TradingBeats monitoring, against the backdrop of widespread market expectations that the Fed will pause interest rate hikes in October, cross-market trader greater-fools is still increasing its bearish bets on Bitcoin (BTC). The account has cumulatively invested around $4,381 since yesterday, adding two new bearish BTC predictions in the prediction market: - "BTC will fall to $65,000 by the end of the year" (Yes): Added around 11,000 contracts, invested about $2,639; current total position stands at roughly 136,100 contracts, with an implied probability of around 22.5% and a position value of approximately $30,600. - "BTC will fall to $70,000 by the end of the year" (Yes): Added 4,510 contracts, invested about $1,742; current total position is around 55,800 contracts, with an implied probability of roughly 35.5% and a position value of about $19,800. Meanwhile, the account still holds 26.97 BTC short positions on Hyperliquid, with a notional value of around $2.2528 million, an average entry price of roughly $69,962, and is currently facing an unrealized loss of approximately $365,200. After the release of U.S. September CPI data tonight, if inflation comes in higher than expected and prompts the market to reprice the monetary tightening path, this could become a short-term pressure factor for BTC.

A prominent trader notes that Bitcoin has significant buying interest at the $81,000 level, and it still has the potential to rally back to $87,000 this month.

Prominent trader Killa stated in a post that Bitcoin has seen significant buying interest in the $81,000 range, triggering two rounds of stabilization after its decline. As a result, after a full correction, Bitcoin could still rally to $87,000 this month. Killa, a quantitative trader specializing in BTC, previously predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and shifted to a long position during the broad market sell-off on June 5.

Huobi HTX Chief Analyst Cloud: Bitcoin's trend awaits CPI data to determine direction, with the $81,000 lower support level likely to be tested first.

Bitcoin has pulled back from around $86,000 since early October, trading in a range of $81,000 to $84,000 in recent days, as the U.S. dollar strengthens and U.S. Treasury yields stay at high levels. Against this backdrop, Cloud, chief analyst at Huobi HTX, believes the range is more likely to break downward. The September ISM Services Prices Paid Index rose to 74.0, the highest since July 2022, while the University of Michigan’s 1-year inflation expectation for October rebounded to 4.7%. The concurrent rise in price sub-indexes and inflation expectations signals a high probability that this Thursday’s CPI will exceed market expectations. If that materializes, bets on a year-end interest rate hike will strengthen further, and the $81,000 lower bound will be tested first. Only if CPI comes in below expectations will a breakout above the $84,000 upper bound be sustainable. Recent sustained declines in chip stocks mainly stem from a repricing of AI capital expenditure timelines and hardware profit expectations within the sector, an industry-specific alpha event. In contrast, Bitcoin’s pullback has been far smaller, indicating its current pricing anchor leans more toward macro liquidity, with its connection to AI narratives weakening—their respective drivers are diverging. However, this divergence is temporary; once the U.S. dollar and long-term rates regain pricing dominance, their correlation will strengthen rapidly, with Thursday evening’s CPI release serving as the latest test window. Note: This article does not constitute investment advice, nor is it an offer, solicitation, or recommendation for any investment product.

A crypto whale purchased 1,162 Bitcoin via Wintermute, valued at $96.77 million.

According to Lookonchain’s monitoring, a crypto whale purchased 1,162 BTC worth $96.77 million via Wintermute. Over the past 12 hours, five newly created wallets received this asset from Wintermute.

Progress of Qian Zhimin's 40-billion-yuan illegal fundraising case: Prosecutors have applied to confiscate over 61,800 Bitcoin and other assets, and the court has accepted the application.

According to reports from The Paper, the Qian Zhimin case — involving over 40 billion yuan in illegal fundraising and more than 60,000 Bitcoin — has seen new progress in China’s judicial process. On October 13, the Tianjin No.2 Intermediate People’s Court announced that it had accepted on September 28 the application by the Second Branch of the Tianjin Municipal People’s Procuratorate to confiscate illegal gains from suspect Qian Zhimin. Per the court’s released property confiscation list, in addition to Bitcoin, the virtual currencies involved include 72,745.79502 Bitcoin Cash, 72,745.78555 Bitcoin Gold, 72,745.7845 Bitcoin Satoshi Vision, 3,605,989.9995 Ripple, and 70,081,208.62553222 Dogecoin (converted by UK authorities and deposited in an interest-bearing account). Other properties targeted for confiscation include US dollar, euro, and British pound cash, jewelry, bank balances, investment portfolios, and more. The Second Branch of the Tianjin Municipal People’s Procuratorate stated that Qian Zhimin is suspected of illegal fundraising fraud, was placed on a wanted list after fleeing, and has failed to appear in court for over a year. Evidence confirms that more than 61,800 Bitcoin and other assets seized in the UK are illegal gains and their proceeds. The procuratorate requests that these illegal gains, as well as their converted, transformed, and derived properties and proceeds, be recovered and confiscated, with the exception of those legally returned to defrauded fundraising participants.

Michael Saylor says a new bull market has started, and predicts Bitcoin will return above $100,000.

Strategy co-founder and executive chairman Michael Saylor stated in an interview that Bitcoin has bottomed out and rebounded, and is projected to retake the $100,000 mark. He noted Bitcoin previously hit a low just below $60,000, has now climbed back to the $80,000 range, and is on track for further gains. Saylor attributed the market’s momentum to an improved regulatory landscape and accelerating Bitcoin adoption by banks, which are driving a new bull run. He forecast Bitcoin’s long-term annual return will reach 20% to 30% over the next several years, adding that Strategy may increase its Bitcoin purchases during the bull market and issue more securities to fund these acquisitions. Separately, on MSCI’s consideration of adjusting index rules that could exclude companies whose primary business is asset accumulation from global stock indices, Saylor expressed opposition, warning the move could set an unfavorable precedent for the digital asset sector. MSCI is scheduled to announce its decision this Friday. Last November, JPMorgan estimated that Strategy could face up to $2.8 billion in capital outflows if it were excluded from the indices.

Metaplanet plans to issue 52 billion Japanese yen in zero-coupon convertible bonds, with part of the funds used to repay credit loans and unlock pledged Bitcoin.

Metaplanet CEO Simon Gerovich announced in a post that the company will issue zero-coupon yen-denominated convertible bonds totaling 52 billion yen, maturing in 2031, while simultaneously advancing its share repurchase program. Of the proceeds from the bond issuance, up to 28.3 billion yen will be allocated to share buybacks: up to 25.3 billion yen will be used for over-the-counter (OTC) block trades covering up to 96,934,800 shares, or roughly 7.1% of the company’s outstanding issued shares; the remaining amount will be acquired via open market purchases. Separately, the company will use approximately 23.6 billion yen to partially repay its credit line, unlocking the Bitcoin currently held as collateral for the facility. Gerovich explained that Metaplanet’s current share price trades below the value of its Bitcoin holdings, so the repurchase is designed to create shareholder value by leveraging this discount. The convertible bonds’ initial conversion price is set above both the bond’s issuance price and 1.0 times its market net asset value (mNAV). Though the issuance will increase the company’s total debt, Metaplanet intends to replace some secured, interest-bearing loans with unsecured debt that carries no periodic interest payments. This move is expected to lower interest costs, extend debt tenors, and boost financial flexibility for future Bitcoin acquisitions.

BlackRock’s Bitcoin ETF nearly failed on multiple occasions, and CEO Fink was once skeptical of Bitcoin.

Bloomberg ETF analyst James Seyffart has disclosed that BlackRock’s Bitcoin ETF launch nearly aborted on multiple occasions. While internal executives had already begun preparations for the ETF’s rollout, CEO Larry Fink remained skeptical of Bitcoin. The project weathered multiple challenges including internal board disputes and the FTX collapse, facing near-cancellation risks several times. Now, BlackRock operates the world’s largest spot Bitcoin ETF.

Binance will shut down its Bitcoin mining pool on November 10, bringing an end to its six-year mining operations.

Binance announced that it will cease Binance Pool and related services starting at 07:00 UTC on November 10, 2026, including Pool Savings, Cloud Mining, Transaction Accelerator, as well as hashrate alerts, email notifications, and mining pool API functions. Binance Pool launched in April 2020. According to Hashrate Index data, as of the end of 2025, the mining pool ranked 9th among Bitcoin mining pools with approximately 26 EH/s of hashrate, accounting for around 2.3% of the total network hashrate. Binance stated that upon service shutdown, it will disconnect miners and deactivate mining pool addresses. Hashrate and mining shares submitted after the deadline will no longer be accepted or counted toward earnings. Miners must switch their devices to other mining pools in advance, while Pool Savings users need to redeem their positions before the service termination. Eligible unsettled rewards, balances, and refunds will be processed subsequently, subject to platform rules and relevant compliance reviews. This adjustment comes as Binance expands its traditional financial business. In June this year, Binance opened trading for over 7,000 US stocks and ETFs to users outside the U.S.; earlier, the platform also shut down its centralized NFT service in July.

Bitcoin treasury firm Strive plans to raise $500 million by launching preferred shares with a 15% annual fixed dividend.

Bitcoin treasury firm Strive (ASST) announced the launch of perpetual preferred stock SATS, planning to issue 5 million shares at $100 each to raise $500 million. The proceeds will be used to add to Bitcoin holdings, acquire income-generating assets, or repurchase shares. SATS offers a fixed annual dividend of 15%, paid daily, with lower priority in liquidation and dividend distribution than Strive’s existing perpetual preferred stock SATA, which currently carries a 13% dividend rate. Strive also plans to establish a dividend reserve upon the issuance’s completion, equal to SATS’ dividend payments for its first 18 months. In terms of Bitcoin holdings, Strive added 3,311 BTC last week, bringing its total position to 32,773 BTC, valued at approximately $2.7 billion at current prices. Three months ago, the firm held fewer than 20,000 BTC.

Perspective: Bitcoin investors who accumulated positions at high levels have their cost prices capping upside potential, with selling pressure having notably eased.

Glassnode stated that the cost basis of investors who purchased Bitcoin at high levels continues to cap its upside potential. Following Bitcoin’s rebound to around $88,000, investors with 1 to 2-year holding periods sold off heavily, and this price level is also near the break-even point for investors who have held Bitcoin for 6 to 12 months. Bitcoin’s price subsequently faced resistance below this level, and this selling pressure has now eased significantly.

Renowned trader Killa: Bitcoin needs to hold the $80,000 level and form a higher low; otherwise, the correction could deepen.

Well-known crypto trader Killa posted that for Bitcoin to evolve along its current price structure, it needs to form a higher low above $75,500, ideally holding the low near $80,000. This mirrors Bitcoin’s 2023 price action: back then, it posted a higher high on the weekly timeframe, then retested and defended its original range. This may explain why recent lower-timeframe moves have been so prone to triggering stop-losses, aggressive, and marked by algorithmic trading activity. Bitcoin once recovered its internal structure in the $82,000 range, then retested, broke below the structure again, and later reclaimed it. The entire market seems to be deliberately luring traders into positions. Admittedly, the initial dip to the $81,000 range was structurally unfavorable, but a large number of short positions were concentrated at lower levels at that time, which may account for the subsequent price reaction. Another notable detail: during Bitcoin’s decline from $84,100 to $81,000, only around $300 million in long positions were liquidated; whereas in the prior drop from $86,800 to $80,600, long liquidations exceeded $2 billion. The sharp fall in long liquidation volume indicates the market’s reliance on long positions may be lower than before. Current price action is quite delicate. Bitcoin needs to form a higher low at its current level to kick off a new rally; otherwise, this correction could push prices below $80,000. For now, the so-called "crash protection team" has done a solid job of propping up prices, but it’s also constantly disrupting lower-timeframe internal consolidation ranges.

Bitcoin and Ethereum ETFs See Massive Outflows: $788 BTC and 29,926 ETH Withdrawn in 24 Hours

Oct 13 Update: #Bitcoin ETFs: 1D NetFlow: -788 $BTC(-$65.55M)?? 7D NetFlow: -8,267 $BTC(-$687.28M)?? #Ethereum ETFs: 1D NetFlow: -29,926 $ETH(-$74.79M)?? 7D NetFlow: -217,087 $ETH(-$542.51M)??

Viewpoint: Bitcoin has found support at $81,500 on two occasions, with its next key support level standing at $77,500.

Glassnode stated in a report that Bitcoin has rebounded near the cost basis of spot Bitcoin ETFs. For most of this year, Bitcoin’s price has remained below this level, and its May rally stalled before reaching it. So far, this level has acted as support twice around $81,500. If the price breaks below this level, the next key support will be the real market average around $77,500.

Strive added 3,311 Bitcoin to its holdings last week, lifting its total position to 32,773 Bitcoin.

Strive CEO Matt Cole disclosed that the firm purchased 3,311 BTC last week, lifting its total Bitcoin holdings to 32,773 coins.

CryptoQuant Founder: Bitcoin bear market has ended, expected to rise or consolidate in the next 1 to 2 years.

CryptoQuant founder Ki Young Ju stated in a post that the Bitcoin bear market cycle has ended, forecasting that the market will show an upward or sideways trend over the next 12 to 24 months.

Wintermute: Bitcoin Loses Inflow Support, Short-Term Caution Advised for Altcoins

Wintermute said in a post that the Federal Reserve’s meeting minutes show most officials expect another interest rate hike this year, with markets pricing in roughly a 20% probability of a hike at the end of October, while the U.S. 10-year Treasury yield rose to 5.24%. Against this backdrop, the S&P 500 rose 1.2% last week to hit a new all-time high, while the crypto market underperformed. The stock market’s gain was supported by expectations of corporate earnings growth, whereas the crypto market lacks such earnings support and relies more on new capital inflows; as capital flows reversed, crypto assets’ six-week streak of counter-trend gains became unsustainable. Bitcoin retreated from the $86,000–$87,000 range last week, hitting a low of around $80,400 on Thursday before rebounding above $83,000 and reclaiming the $82,500 range high. U.S. spot Bitcoin ETFs saw a net outflow of roughly $679 million last week, marking their largest weekly outflow since late June, while Ethereum ETFs had a net outflow of about $542 million. The crypto market has lost capital inflow support, while U.S. equities remain underpinned by earnings growth. Thus, in the short term, the market will only remain bullish if long-term Treasury yields stabilize and spot ETFs see net inflows again. Until these two conditions are met, Bitcoin remains an asset more sensitive to U.S. stock market volatility with elevated downside risk, and chasing low-quality altcoins is not recommended. If the U.S. 30-year Treasury yield breaks above the 5.64% level hit on September 30, or Bitcoin continues to face resistance near $82,500, Wintermute will turn cautious. This week, focus will be on the U.S. September CPI data, due Wednesday, to assess whether energy inflation is spreading to core inflation, as well as earnings results from financial institutions and AI-related companies.

Li Yihua: Bitcoin has a strong support level at its 400-day moving average of $81,000, and the current pullback is a temporary correction within the ongoing uptrend.

Yilihua, founder of Liquid Capital, stated that Bitcoin has a strong support level at the 400-day moving average of $81,000, with quick rebounds every time it dips to test this level. Meanwhile, Bitcoin faces a 20-day moving average resistance at $84,000; a decisive breakout would lead to a retest of the key resistance at $86,500, the widely-watched $86,000 correction point. Bitcoin’s price movement is neither linear in rallies nor declines. From a long-term trend perspective, Bitcoin is currently in a bull market uptrend, and he is particularly optimistic about a super bull run for Bitcoin next year. The current dip is just a temporary pullback within the broader uptrend, which underpins the "bearish but not shorting" logic here.

Metaplanet issued 52 billion yen in zero-coupon convertible bonds to repay Bitcoin-collateralized loans and repurchase shares.

Japan’s largest Bitcoin treasury company Metaplanet has announced the issuance of zero-coupon euro-yen convertible bonds with a total value of 52 billion yen, maturing on October 29, 2031. Of the total proceeds, 23.6 billion yen will be used to repay borrowings under a Bitcoin-backed credit facility, while up to 28.3 billion yen will be allocated to repurchase the company’s own shares through channels including ToSTNeT-3. The firm stressed that the funds will not be directly used to add to its Bitcoin holdings. As of the end of September 2026, Metaplanet held 44,000 BTC. The financing aims to reduce reliance on collateralized loans, unlock some pledged Bitcoin, limit interest cash outflows, and increase Bitcoin holdings per share. The conversion price will be set at a level above 1 times mNAV to mitigate potential dilution. The bonds are scheduled to be issued on October 29 and will be listed on the Singapore Exchange.

Analysis: Bitcoin long-term holders have been generating consistent profits since 2023, with their current unrealized profit buffer reaching 72%.

Crypto market analyst Axel Adler Jr says on-chain data shows the average cost basis of Bitcoin long-term holders (LTHs) stands at $48,600, with the current price roughly 72% above that level. This group has remained in profit since January 2023, with its closest approach to the cost line coming in March 2023. The LTH average cost basis has fallen 1.7% since hitting a peak of $49,500 on July 30. Since August 1, 60 out of 74 days have recorded negative weekly changes, with the largest single-week drop hitting 0.34% on August 25, and the current reading standing at -0.06%. The analyst notes this decline remains moderate; a further drop would signal accelerating selling pressure, while a return to positive territory would mean long-term holders are resuming accumulation.

Bitcoin surges past $84,000, with a 1.47% gain in the past 24 hours.

According to HTX market data, Bitcoin has broken through the $84,000 mark, with a 1.47% rise over the past 24 hours.

A Bitcoin whale deposited 138 million USDC into Binance.

According to monitoring by Onchain Lens, a Bitcoin whale deposited 138 million USDC into Binance. The whale currently holds 200 million USDC and 61.68 million USDT, with a combined value of approximately $262 million.

A Bitcoin whale deposited 138 million USDC to Binance.

According to monitoring by Onchain Lens, a Bitcoin whale has deposited 138 million USDC into Binance. The whale currently holds 200 million USDC and 61.68 million USDT, with a combined value of approximately $262 million.

Yesterday, the US Bitcoin spot ETF posted a net outflow of $65.4 million, while its Ethereum counterpart recorded a net outflow of $85.4 million.

Per Farside’s monitoring, U.S. spot Bitcoin ETFs posted a total net outflow of $65.4 million yesterday. Breakdown: IBIT saw a net outflow of $65.4 million, while FBTC, BITB, ARKB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC, and BTC recorded no inflows or outflows. Separately, U.S. spot Ethereum ETFs saw a total net outflow of $85.4 million yesterday. Breakdown: ETHA had a net outflow of $75.1 million, ETH posted a net outflow of $10.3 million; ETHB, FETH, ETHW, TETH, ETHV, QETH, EZET, MSSE, and ETHE had no inflows or outflows.

Bitcoin has rebounded more than 3% from this morning's low.

According to HTX market data, Bitcoin has rebounded 3.1% from this morning's low, and is currently trading at $83,408.

Bitcoin's market dominance rose to 60.32%, while the ETH/BTC exchange rate gave back its two-month gains.

According to HTX market data, during the earlier sell-off in the crypto market today, Bitcoin’s decline was significantly more limited than that of altcoins. The total market capitalization of altcoins once fell to $1.07 trillion, roughly 10% lower than the recent peak of this rally. Bitcoin’s dominance (BTC.D) rose to 60.32% in tandem, while the ETH/BTC exchange rate dropped to 0.03 – its lowest level since August 19 – down approximately 11% from the recent rally’s peak.

Bitcoin surges past $83,000, notching a 1.41% daily gain.

According to HTX market data, Bitcoin has broken through the $83,000 mark, currently trading at $83,004.44, with a 1.41% intraday gain.

A long-dormant Bitcoin whale has transferred 4,582 BTC, worth approximately $377.58 million, after years of inactivity.

According to Lookonchain's monitoring, a long-dormant Bitcoin ancient whale has reactivated after years of inactivity, transferring all 4,582 BTC from its wallet, valued at approximately $377.58 million.

Bitcoin OG Wakes Up After Years, Transfers 4,582 $BTC Worth $377.58M

Another #BitcoinOG has woken up after years of inactivity, transferring out all 4,582 $BTC ($377.58M).

Jiang Zhuoer: Bitcoin may fall below $80,000, with the $77,000 support level expected to hold

Jiang Zhuoer, founder of BTC.TOP Mining Pool, said in a recent article that Bitcoin is likely to fall below $80,000 but will unlikely drop below $77,000. $77,000 serves as both the Point of Control (POC) of the previous consolidation range and the POC since the August 19 rally — the price level with the highest trading volume in the respective range. He also noted the market is unlikely to dip below $75,000, giving investors a comfortable entry point.

Bitcoin is undergoing a correction, with altcoins seeing sharp declines; BOME has dropped over 30%, while ENA and NEAR have both fallen more than 13%.

Per HTX market data, Bitcoin’s pullback below $82,000 has triggered sharp declines across altcoins. Key 24-hour performance figures: BOME down 30.04% to $0.000768; BLUR down 29.48% to $0.01349; STRK down 28.35% to $0.08599; CKB down 22.50% to $0.0014796; PONS down 20.35% to $0.281; USELESS down 16.82% to $0.16969; ENA down 15.55% to $0.204; NEAR down 13.44% to $5.039.

Bitcoin briefly fell below $82,000.

According to HTX market data, Bitcoin briefly fell below $82,000, with a 24-hour decline of 1.93%.

UK High Court rules that claims related to over 61,000 Bitcoin in the Qian Zhimin case are subject to Chinese law, with the funds involved totaling approximately £4.1 billion.

A judgment released by the UK National Archives shows that the UK High Court ruled on the "Blue Sky Grid Rui Case" on October 12, holding that property rights claims filed by Chinese investors over the involved Bitcoin should be governed by Chinese law rather than UK law. The case involves over 61,000 Bitcoin, a key component of the billions of pounds in criminal proceeds recovered by UK law enforcement. The judgment states that the investment scam in question was carried out in China between 2014 and 2017, with total funds involved amounting to approximately 40.228 billion yuan (around ￡4.1 billion). The funds were used to purchase assets including Bitcoin, and the involved Bitcoin was later transferred to the UK. UK police seized relevant equipment and some access keys in 2018, and the assets subsequently recovered included over 61,000 Bitcoin. The court ruled that the investors' locations, the place where false statements were made, the location of fund payments, and the original purchase site of the Bitcoin were all primarily in China, so the relevant property rights should be determined in accordance with Chinese law. The court also rejected the investors' arguments seeking to establish rights under UK law and relevant asset tracing rules. It should be noted that this ruling only addresses which country's law applies to the relevant claims, and does not finally determine whether each investor owns the involved Bitcoin, nor does it decide on the final distribution of the assets. Specific rights under Chinese law and relevant evidence will need to be reviewed in subsequent proceedings.

Bitcoin rallied then pulled back, dropping over 2%; oil prices climbed to a nearly one-month high, while escalating Middle East tensions have stoked market risk aversion.

Bitcoin rose to $84,254 at one point on Monday before pulling back, with a drop of as much as 2.2%. Uncertainty over the prospects of a Russia-Ukraine energy ceasefire and incidents such as oil tanker attacks in the Strait of Hormuz have amplified market concerns about energy supply. Brent crude climbed to $107.25 per barrel during trading, its highest level since September 16, while WTI crude broke above $94 per barrel. The U.S. will release September’s CPI and PPI data this week, and the oil price rally has further stoked fears of an inflation rebound. Former Goldman Sachs chief foreign exchange strategist Robin Brooks argues that, given traffic through the Strait of Hormuz has improved somewhat, current oil prices may be pricing in excessive risk premiums. In trading, QCP Capital noted that Bitcoin’s options market shows a mix of cautious and bullish expectations: traders are taking defensive positions while still retaining bets on an upward price breakout. The firm stated that if BTC decisively breaks above $87,000, its next target could be $94,000. On-chain and exchange liquidity data show there is approximately $180 million in sell-side liquidity around $84,500, while buy-side support lies near $82,000.

Yilihua: Bitcoin’s pullback is not over yet; don’t attempt to participate in the market at all times.

Liquid Capital founder Li Lihua stated in a post that despite Bitcoin’s rebound during its recent decline, BTC has broken below the mid-band (the 20-period moving average) on the 4-hour timeframe, amid a weaker U.S. stock market and rising oil prices. Currently, except for the weekly timeframe, Bitcoin shows weakness across all lower timeframes: 15-minute, 1-hour, 4-hour, and daily, suggesting the correction may not be over yet. Li Lihua noted that during Bitcoin’s earlier correction from around $86,000, multiple consolidations and attempts to break through the strong resistance at $87,000 had him concerned; the brief break below the key level of $84,000 during the correction also easily triggered market sentiment swings. Traders need to remain patient and avoid trying to time the market constantly. The cost of making bad trades is higher than missing out on opportunities, so investors should stick to their trading principles and not be distracted by short-term fluctuations.

Long-term Bitcoin holders return to profit, analysts say signs of a market recovery are emerging.

Crypto analyst Darkfost wrote in a post that Bitcoin’s long-term holder Spent Output Profit Ratio (SOPR) has reclaimed its 1.10 annual moving average and held steady at that level, signaling long-term holders have posted an average profit of roughly 10% over the past year. Currently, BTC’s long-term holder SOPR stands at a weekly average of 1.25 and monthly average of 1.16, both above the annual level, pointing to improved market conditions as long-term holders begin realizing profits again. Darkfost highlighted this development merits comparison to the last bear market: near its end, long-term holders also resumed generating profits. He added that moderate profitability in the market is a positive sign that could further lift investors’ outlook for the future.

Last week, stablecoin supply decreased by $856 million, while publicly listed companies net reduced their Bitcoin holdings by 89 BTC.

According to Lookonchain’s monitoring, last week’s total stablecoin market capitalization decreased by $856 million, decentralized exchange (DEX) spot trading volume fell 19.34% week-over-week, while perpetual contract trading volume rebounded 8.20%. In the same period, protocol revenue rose 4.44% week-over-week, with Base App’s weekly revenue surging 519%. For listed companies’ BTC holdings, one firm added to its BTC reserves last week, while three others reduced theirs, leading to a net reduction of 89 BTC, valued at roughly $7.37 million. In terms of institutional and whale activity, Strategy acquired 250 BTC last week, worth approximately $20.69 million; Bitmine purchased 12,532 ETH, valued at around $31.75 million.

Viewpoint: Bitcoin needs to demonstrate buying power above $80,000; otherwise, it may further correct to the range of $76,000 to $78,000.

Renowned trader Killa posted that Bitcoin is currently retesting the price range it broke through earlier, and the market needs bulls to actively buy at current levels to confirm the range still holds support. If BTC breaks below the range again and fails to reclaim it, this could signal a breakdown in the current structure, leading to a further pullback below $80,000. Killa noted that roughly $2 billion in liquidations have already hit the market, so there is no need to sweep previous lows again to secure liquidity. If prices continue to weaken, this would instead indicate market weakness rather than bulls building up strength. He warned that the defense around $80,000 earlier may have only lured traders into positions, after which prices could still dip to the $76,000 to $78,000 range; if Bitcoin hopes to continue its upward trajectory, buying activity in the current area will be critical.

Bitcoin ETFs see $10.49M inflow, but Ethereum ETFs suffer $64.22M outflow in latest trading

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)??

Analysis: Bitcoin may trade sideways within the range of $81,300 to $84,500 this week, with Wednesday's CPI data determining its subsequent direction.

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.