Matrixport: Bitcoin Touches 21-Week Moving Average, Market Focused on Key Technical Level

On October 21st, based on market data, spot gold saw a sharp decline of 5.00% during the trading day. It is currently trading at $4,136.79 per ounce. New York gold also broke below $4,150 per ounce, with an intraday loss of 4.81%. (Golden Ten)

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%.

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.

On October 21st, as per Dune Analytics, the projected market trading volume of the previous week has surpassed the peak witnessed during the U.S. presidential election.

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

On October 21st, as per the monitoring of LookOnChain, a trader who achieved a total profit of $3.2 million and had a 100% winning rate has just initiated a long position for 9082 Ethereum with 4 times leverage (approximately $35 million).