Ethereum Falls Below $3900

On October 19th, based on alternative data, today's cryptocurrency fear and greed index has slightly risen to 29 (yesterday it was 23). The market sentiment has moved out of the "extreme fear" zone. Last week, the fear index averaged 24 in the "extreme fear" range, and last month it averaged 53 in the "neutral" range. Note: The fear index threshold is 0-100 and consists of the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Percentage of the Entire Market (10%) + Google Trends Analysis (10%).

On October 19th, Bitdeer, a Bitcoin mining company, disclosed the latest data on Bitcoin holdings. By October 17th, its total Bitcoin holdings had risen to 2126.8 BTC. Furthermore, this week its Bitcoin mining output was 117.2 BTC, and during the same period, 51.6 BTC were sold.

On October 19th, the cryptocurrency Key Opinion Leader (KOL) Ansem posted that, when looking at the weekly charts of XRP, SOL, and ETH, he simply cannot be bullish on this market. Especially with the BTC price falling back below the highs of 2024, he doesn't see a bull market scenario. What he sees is the end of momentum and a price decline. The market lacks a new narrative. MSTR also reached its peak in November 2024. And the ETH/BTC exchange rate has risen as it does at the end of each cycle. The only thing that could change his mind is if Bitcoin goes back above $112,000.

On October 19th, on-chain analyst Murphy stated that the fair price of Bitcoin is calculated based on the historical cumulative average of MVRV. If the market valuation level (MVRV) is at the historical average, then the price of BTC should be around this level. Therefore, the fair price is considered a "mean-reverting center." Over the past 10 years, in the three cycles of BTC, the fair price (blue line) has almost served as the boundary of the bull-bear cycle. After the bull market starts, BTC is unlikely to fall below the blue line even in the case of a pullback; whenever the price reverts, it will trigger strong buying pressure. In this current cycle, BTC has been trading above the fair price for nearly 2 years. There have been 3 times when it came very close to the blue line: the "good news landing is bad news" after the ETF approval; the unraveling of the yen carry trade on August 24; and the tariff crisis on April 25. However, it has never fallen below the fair price. Under the

On October 19th, the AI+Web3 recruitment platform TradeTalent announced the completion of an $8 million funding round. This round was led by Nasdaq-listed company Allied Gaming & Entertainment (NASDAQ: AGAE) and tech engineering company Hicop (Hicop Engineering Pte. Ltd.). The funds obtained from this round will be utilized to quicken the iteration of its AI skill verification technology, expand its global enterprise and talent network, and further integrate and enhance the Web3 trust infrastructure of its platform. TradeTalent is dedicated to establishing a global trustworthy skill network that connects Web2 and Web3. By means of in-house AI recruitment protocols and smart contracts, it offers on-chain AI interview and skill certification services. The system has the ability to generate immutable on-chain skill assessment NFTs for job seekers. Its aim is to address the pain points in traditional recruitment processes such as resume fraud, high background check costs, and privacy leak

On October 19th, StandX, a Perpetual DEX platform, reached a TVL of more than $200 million within one month. Furthermore, StandX Alpha has officially been launched, enabling early users to have a hands-on experience and receive potential platform incentives.