Analyst: Fed Beige Book Solidifies Rate Cut Expectation

On October 16th, Timothy Misir, the research director of BRN, pointed out that "Bitcoin is testing a crucial support level at $110,000, accompanied by the selling pressure of whales and a surge in put option demand. The total trading volume of put options has exceeded $1.15 billion, accounting for 28% of the fund flows. Meanwhile, call options are still concentrated in the range of $115,000 to $130,000. This is a selective rebalancing rather than a panic selloff." He further stated that although whales holding 100,000 to 1 million BTC have reduced their holdings by about 17,500 BTC, they have remained net buyers this year and have accumulated more than 318,000 BTC, indicating a more of a position adjustment rather than a large-scale exodus. 21Shares Research Strategist Matt Mena emphasized that "Bitcoin has demonstrated resilience in the face of macroeconomic headwinds and aggressive deleveraging, proving that the structural demand anchored by ETF inflows and dovish policy expectation

On October 16th, based on market data, the pre-market trading of US crypto stocks exhibited a general upward trend, encompassing: Coinbase (COIN) increased by 1.01%; Circle (CRCL) rose by 1.35%; MicroStrategy (MSTR) went up by 0.96%; Bullish (BLSH) rose by 0.49%; Bitmine (BMNR) increased by 1.76%; SharpLink Gaming (SBET) rose by 3.70%; BTCS (BTCS) went up by 1.34%; ALT5 Sigma (ALTS) increased by 0.41%; American Bitcoin (ABTC) rose by 1.25%.

On October 16th, according to on-chain analyst Ai Yi (@ai_9684xtpa), yesterday, the whale address that opened a short position of $140 million USD in BTC has just (previously closed the short and went long) and increased its long position in ETH. The current position is as follows: · BTC 5x Long: Holding $7.62 million USD (68.42 BTC), with an entry price of $111,066.5. · ETH 3x Long: Holding $19.7 million USD (4,859.83 ETH), with an entry price of $4,056.06.

On October 16th, as per official information, Binance Alpha and Futures Trading are set to list Astra Nova (RVV).

On October 16th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), yesterday the whale address that established a $140 million short position in BTC just opened a 3x long position in ETH, and the position value was only $2.467 million.

On October 16th, according to on-chain analyst Ai Yi (@ai_9684xtpa), the whale address that had opened a short position of $140 million in BTC yesterday has now switched to a long position. It just opened a 5x long position and is currently holding 68.42 BTC (approximately $7.62 million), with an entry price of $111,066.5. Additionally, it has placed a limit buy order of $14.65 million at the level of [$111,000 - $111,053].