Analyst: Bitcoin Long-term Holders' Selling Behavior Approaching Low Levels, Further Boosting the Possibility of Sustained Rally

Melius Research has upgraded its rating on Microsoft (MSFT.O) to "Buy" and raised the stock's target price from $465 to $665.

Metaplanet Inc. announced it added a net 1,000 Bitcoin (BTC) to its holdings in the third quarter of the fiscal year ending December 31, 2026. As of September 30, 2026, the group’s total Bitcoin holdings stood at 44,000 coins. During the quarter, the group also completed a Bitcoin sale-and-repurchase transaction to demonstrate its ability to convert Bitcoin positions into cash. The move is intended to strengthen market confidence in the company’s credit profile and broaden future financing channels—including corporate bond and preferred stock issuances—with the ultimate aim of further expanding the group’s Bitcoin holdings. Specifically, the group sold 10,000 BTC and repurchased 11,000 BTC during the period, leading to a net 1,000 BTC increase in its Bitcoin holdings.

According to BIT (bit.com) market data, Intel's pre-market U.S. stock price fell by more than 4%.

QCP Capital stated in a report that the macro narrative has shifted significantly over the past three weeks, with the market moving from previously pricing in a Federal Reserve rate hike in October to a scenario where rate hike expectations have largely faded, and rates are expected to remain unchanged. September non-farm payrolls rose by only 29,000, far below the 84,000 forecast, while the unemployment rate climbed to 4.2% and year-on-year wage growth slowed to 3.0%—the lowest level since May 2021. The three-month average of new employment dropped to 50,700, roughly one-third of the level a year ago, pushing the probability of an October rate hike down to 22%. However, driven by U.S. Treasury supply and term premium factors, the 10-year U.S. Treasury yield remains as high as 5.25%. In the crypto market, Bitcoin needs to hold above $87,200 to confirm the next upward move, while Ethereum is trading around $2,725 within the $2,650-$2,800 range, with an overall cautiously bullish trend. The Fed meeting minutes to be released this Wednesday will be a key catalyst; markets will watch whether previous hawkish dissents reflect the Fed’s actual stance. Additionally, the TOKEN2049 Singapore Conference and the October 14 CPI data are also worth monitoring.

Japanese listed company Remixpoint has increased its Bitcoin holdings by 7.45 BTC, bringing its total BTC holdings to 1,508.72.

According to TradingBeats monitoring, Hyperliquid whale address 0x0afb still holds a large long position in VIRTUAL, with 1x leverage, an average entry price of roughly $2.07, an unrealized loss of around $2.4 million, and a position return of approximately -57%. The address opened this VIRTUAL long position on May 12, 2025, and has held it continuously since, with a holding period nearing 17 months. Currently, the VIRTUAL perpetual contract on Hyperliquid is quoted at around $0.88, up about 11% in the past 24 hours, but still roughly 57% lower than the address’s average entry price.