Bitcoin Surges Above $110,000
On October 21st, according to HTX market data, Bitcoin witnessed a rebound and exceeded $110,000. It is currently trading at $110,300, and the 24-hour decline has narrowed to 0.44%.
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If Bitcoin surpasses $112,000, the mainstream CEX cumulative short liquidation pressure will reach $1.153 billion.
On October 21st, according to Coinglass data, in the event that Bitcoin surges past $112,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $1.153 billion.
On the other hand, if Bitcoin drops below $107,000, the cumulative long liquidation intensity on mainstream CEXs will reach $886 million.
BlockBeats Notes: The liquidation chart does not disclose the precise number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity.
Consequently, the liquidation chart illustrates how much the price of the underlying asset will be influenced when it attains a specific point. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity cascade once it reaches that level.
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Arch Launches TaxShield Program to Help Hodlers Reduce US Tax Liability Through Bitcoin Mining Investment
On October 21st, as per the report by CoinDesk, the crypto lending company Arch has launched the TaxShield program. It makes use of a specific provision in the U.S. tax code - IRS §168(k) bonus depreciation. This enables investors to deduct the cost of mining equipment from their taxable income.
The operation proceeds in this manner: Users pledge Bitcoin as collateral and obtain overcollateralized loans from Arch. Then, they use the loan to purchase and have Blockware host the mining equipment. Investors can fully deduct the purchase cost in the first year, which has the potential to offset hundreds of thousands of dollars in taxes. Meanwhile, they can continue to receive monthly Bitcoin mining rewards.
Arch co-founders Himanshu Sahay and Dhruv Patel stated in an interview that this service was developed in collaboration with the renowned Bitcoin educator Mark Moss and Blockware. It is mainly targeted at high-income Bitcoin holders. They explained that if a client's taxable income is
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Galaxy Digital Releases Q3 Financial Report: Net Profit of $505 Million, Represents Client Sales of Over 80,000 BTC
October 21st. As per official channels, Galaxy Digital Inc. (Nasdaq: GLXY) has today presented its financial performance report for the three and nine months concluding on September 30, 2025. The net profit for the third quarter of 2025 amounted to $505 million, featuring a diluted earnings per share (EPS) of $1.01 and an adjusted EPS of $1.12. The adjusted EBITDA stood at $629 million, mainly propelled by remarkable performance in the digital asset business along with gains from digital assets and investment positions. By September 30, 2025, the company's total equity was $32 billion, accompanied by cash and stablecoin holdings of $19 billion.
Galaxy Digital's digital asset quarterly trading volume reached a new zenith, witnessing a 140% growth when compared to the second quarter of 2025. This growth reflects the augmented activities in both the spot and derivative markets, as well as the sale of over 80,000 bitcoins on behalf of clients. The platform's total assets at the end of the
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