Bitcoin (BTC) — Onchain News & Whale Tracking

Binance has opened withdrawals for select assets on the Bitcoin, Ethereum, and BNB Smart Chain networks.

Binance has now resumed withdrawal services for USDC, USDT, and ETH on the Bitcoin and Ethereum networks, as well as USDC, USDT, and BNB on the BNB Smart Chain (BSC). The exchange stated that it will continue conducting security checks, and once these checks are completed, it will gradually resume withdrawals for more assets and networks. Updates on future progress will be released via official channels.

Binance Reopens BTC Withdrawals on Bitcoin Network

Binance has reopened BTC withdrawals on the Bitcoin network.

Bitcoin rebounds, breaking through the $78,000 mark.

According to HTX market data, Bitcoin has rebounded to break through the $78,000 mark, with a 0.93% gain in the past 24 hours.

Ethereum’s rebound momentum is stronger than Bitcoin’s, with the ETH/BTC exchange rate rising 0.79% over the past 24 hours.

According to HTX market data, Ethereum’s rebound sentiment was stronger than Bitcoin’s over the past 24 hours. The ETH/BTC exchange rate rose 0.79% to 0.02921. Ethereum is currently trading at $2,273, with a 24-hour gain of 1.28%; Bitcoin is at $77,816, up 0.51% in the same period. The total market capitalization of cryptocurrencies has rebounded to $2.705 trillion, with a 24-hour increase of 0.2%, and 24-hour trading volume stands at $682.063 billion.

Strive CEO: Bitcoin has outperformed expectations in the wake of the Binance hack, though the market’s bottom has yet to be confirmed.

Strive CEO Matt Cole said that the $6.3 billion Binance hack has not changed his long-term investment judgment on Bitcoin. Given the scale of the attack and overall market weakness, Bitcoin’s decline was smaller than he expected, but it is still too early to determine whether prices have hit a bottom. Currently, Bitcoin trades at around $77,400, down about 4% from before the attack began on Thursday. Strive previously disclosed it held 43,000 BTC as of October 23. Cole compared the wallet attack to a bank robbery, not a failure of the Bitcoin network. Wirex Head of Financial Crime Paul Chapman also emphasized that the attack targeted a company’s systems, not the Bitcoin network itself. On the outlook, Cole believes the market is in an "early spring" recovery phase that may last another 6 to 9 months, with prices rising gradually rather than quickly hitting new highs. He stated the event will not alter his Bitcoin investment logic over any reasonable time horizon. For historical market reactions: after Bybit suffered a $1.5 billion hack in 2025, combined with overall market volatility, Bitcoin fell from near $100,000 to around $95,000, a roughly 5% drop. Separately, CNBC cited Anchorage Digital data showing that on average, Bitcoin has dropped 8.3% in the first 24 hours after past crypto exchange hacks. The attack investigation is ongoing. Blockaid CEO Ido Ben-Natan thinks the attacker may have exploited Binance’s transaction signing process; his analysis found an Ethereum transaction with 50 signature authorizations, where matching permissions allowed attacker-controlled code to execute via the wallet. Binance said as of Friday, no evidence of wallet private key leaks has been found.

Nasdaq-listed public firm NXTT may sell $450 million worth of Bitcoin (BTC) citing Binance breach and quantum computing risks.

Nasdaq-listed software company Next Technology Holding (NXTT) announced its board has authorized the sale of its disclosed holdings of roughly 5,833 Bitcoin, or the use of these BTC as collateral for financing, valued at approximately $449 million as of press time. The company cited the Binance hack, crypto exchange security vulnerabilities, and potential threats from quantum computing to Bitcoin’s cryptography as drivers for the decision, stressing that none of its Bitcoin are stored or held via Binance. Specific transaction timelines, prices, and volumes will be determined by CEO Weihong Liu. The authorization permits transactions via exchanges, over-the-counter deals, or Bitcoin collateral financing, though it does not guarantee any final transaction will be completed. NXTT’s market capitalization stood at around $7.8 million at Friday’s close, with its disclosed Bitcoin holdings worth over 50 times the firm’s market cap. The company’s annual report notes that nearly all its Bitcoin are held by a Japanese custodian, though the custodian’s name was not disclosed.

Analyst: Short-term Bitcoin holders have a cost basis of around $76,000, and their holding confidence is currently facing a test.

Crypto analyst Darkfost stated in a post that the average cost basis of Bitcoin short-term holders (STH) is nearly $76,000, with the current price testing their holding confidence. The STH MVRV (Market Value to Realized Value Ratio) is approaching the neutral level of 1; the indicator rose above 1.18 in late September, hitting its highest point since July 2025, signaling that the group’s unrealized profit was at a more than one-year high at that time. He pointed out that the cost basis of short-term holders has been steadily rising since mid-August (when it stood at around $67,500), showing that this group participated in Bitcoin’s rally over the same period. Against the backdrop of Bitcoin’s medium-term momentum turning positive, the price range corresponding to MVRV returning to neutral may prompt short-term holders to take action: either continue buying, or capitulate and sell as seen yesterday. He noted that both behaviors typically coexist, but it remains to be seen whether holding confidence will prevail.

This week, U.S. spot Bitcoin ETFs recorded a net outflow of $202.4 million, while IBIT alone saw a net inflow of $176.9 million.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net outflow of $202.4 million this week. Among them, IBIT saw a net inflow of $176.9 million, and MSBT a net inflow of $4.2 million. On the net outflow side, FBTC posted a net outflow of $166 million, ARKB a net outflow of $129.5 million, and GBTC a net outflow of $53.3 million.

Prominent trader: $76,000 is a key support level for Bitcoin, remains confident the bull market will continue.

Well-known trader Doctor Profit wrote that although Bitcoin has fallen below the daily EMA50 and MA50 supports in the $80,000 to $81,000 range following the latest black swan event, it remains within its bullish fractal structure. He emphasized that $76,000 is a critical support level, as a breakout above this area previously confirmed the start of the bull market. A breach of $76,000 would severely undermine bullish sentiment and raise the risk of a drop to $67,000 to $69,000. As long as $76,000 holds, he sees no immediate need for panic. The trader frames the recent price action as a large-scale washout that triggered massive liquidations and panic selling, while maintaining his belief that the bull market will persist. He is still holding long positions opened at $80,400 and all spot buys made at $60,000. If Bitcoin breaks below $76,000, he will acknowledge his wrong long bet in the $80,000 to $81,000 range, but will not turn bearish, instead viewing the current movement as a consolidation phase ahead of the next rally.

Viewpoint: This cycle, the crypto market may peak earlier than the US stock market, and Bitcoin may also bottom out ahead of the stock market.

Crypto trader Ansem posted that the crypto market may have peaked earlier than the US stock market in this cycle. If the recent rebound is merely a counter-trend rally and the US stock market has only just begun a larger correction, the crypto market could still face a new round of decline. Ansem noted that risk appetite in this cycle has been largely driven by AI and US stock market performance, so it is worth considering the possibility that the crypto market and traditional stock markets do not peak at the same time. However, he is not certain the market will necessarily follow this scenario, remains open-minded, and is monitoring price reactions as both assets approach key levels. He also added that even if the crypto market and US stocks continue to fall in the short term, Bitcoin could bottom earlier than the broader stock market.

U.S. spot Bitcoin ETFs recorded net outflows of $643.2 million yesterday.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net outflow of $643.2 million yesterday, ending four consecutive trading days of net inflows. Over the same period, Ethereum ETFs saw a net outflow of $155.7 million, marking five straight trading days of net outflows.

Today in History: 18th Anniversary of the Bitcoin Whitepaper's Release

Marking the 18th anniversary since Satoshi Nakamoto published the Bitcoin whitepaper *Bitcoin: A Peer-to-Peer Electronic Cash System* on the P2P Foundation website. The Bitcoin network officially launched on January 3, 2009, with an initial transaction price of $0.0008. According to HTX market data, Bitcoin’s current price stands at $77,376, with a total market capitalization of $1.56 trillion.

A crypto whale has set 10 major goals: It will go all-in long on Bitcoin if the token stabilizes in the $76,000–$78,000 range, and remains bullish on Bitcoin breaking through $120,000 this year.

Whale "Set 10 Big Goals First" (@jasonleo) shared in a post early this morning that despite BTC falling below $78,000 following a previous black swan event, he still believes this bull market has already started and stands by his earlier judgment that $58,000 is the bottom of this cycle. Jasonleo said he previously closed roughly two-thirds of his long positions near $76,000 to hedge against risks of extreme market moves like the October 11 crash. After observing the market over the past two days, if BTC stabilizes in the $76,000 to $78,000 range, he plans to re-add long positions and return to a full position. He further noted that the first phase bottom of this bull market is $118,000, the second phase target is $150,000 (double the $78,000 level), and he expects BTC to hit $120,000 within this year. Additionally, Jasonleo described BTC’s current price action as an extremely compressed spring, pointing out that the leading crypto has shown strong resilience amid multiple news shocks, and if positive macro signals emerge, the market could rebound rapidly. He also added that he typically keeps his leverage between 2x and 4x.

Bonk Guy: Altcoins Remain Relatively Resilient Amid Bitcoin's Downtrend, Bullish on Market Outlook Over Next Few Weeks to Months

Renowned trader Bonk Guy stated that while BTC has pulled back from $79,000 to $77,000 and many altcoins have also fallen, they have shown relatively better resilience than BTC. He added that Binance appears to have repurchased most of the stolen funds: of the roughly $6.3 billion in stolen assets, around $3 billion has been frozen. He anticipates the frozen assets will be returned, and a significant portion of the remaining stolen assets may also be recovered over time. For the market outlook, Unipcs believes BTC could still dip briefly to form a local low, but he is optimistic about the market in the coming weeks to months. He judges that most of the altcoin correction is already complete, and thinks going long on altcoins at current levels, alongside buying in batches during potential future pullbacks, carries a higher success rate.

Bitcoin rebounds to break through $78,000

According to HTX market data, Bitcoin rebounded to break through $78,000, with a 4.2% decline in the past 24 hours.

Analyst: Strategy’s preferred stock financing structure has stabilized, creating conditions for resuming Bitcoin accumulation.

Analysts at StoneX and TD Cowen note that Strategy’s preferred share financing structure has stabilized and liquidity has improved, creating conditions for the firm to resume increasing its Bitcoin holdings and raise its Bitcoin holdings per share. Both institutions maintained a Buy rating, with target prices of $435 and $260 respectively. As of the end of the third quarter, Strategy held $5.07 billion in U.S. assets, including $4.83 billion in cash reserves, sufficient to cover roughly 3.2 to 3.4 years of preferred share dividends and debt interest. The company also spent around $2 billion repurchasing STRC preferred shares, helping lift their price back to near the $100 par value. However, due to priorities of replenishing cash reserves and supporting preferred shares rather than expanding Bitcoin holdings, Strategy’s Bitcoin holdings per share fell 3.7% year-to-date. Separately, shareholders of preferred shares STRC, STRF, STRK, and STRD have approved daily dividend accrual: STRC’s arrangement takes effect on November 1, while the other three classes will take effect on January 1 next year. Management stated the move is designed to reduce volatility, improve liquidity, and expand demand. TD Cowen added that broader sales channels and enhanced liquidity could ultimately boost the efficiency of Strategy’s "digital credit" product offerings.

Bitcoin falls below $77,000

According to HTX market data, Bitcoin has fallen below $77,000, with a 24-hour decline of 3.74%.

Bitcoin ETFs See $30.47M Inflow, Ethereum ETFs Experience $62.28M Outflow

Oct 30 Update: #Bitcoin ETFs: 1D NetFlow: +395 $BTC(+$30.47M)?? 7D NetFlow: +3,503 $BTC(+$270.52M)?? #Ethereum ETFs: 1D NetFlow: -27,947 $ETH(-$62.28M)?? 7D NetFlow: -109,709 $ETH(-$244.49M)??

Analysis: Traders purchase Bitcoin put options following the Binance hack, with strike prices concentrated between $74,000 and $78,000

After the Binance hack, large traders ramped up their positions in Bitcoin put options for hedging. Nicolas Quatravaux, head of Europe, Middle East and Africa (EMEA) at Paradigm, said that within 8 hours of the incident, the notional value of BTC block trades on the platform reached roughly $590 million, equivalent to half of the related block trading volume on Deribit in the same period, with trades clearly skewed toward put options. The first large trade took place at 20:38 UTC, before the news was made public: a purchase of put options covering 250 BTC, expiring October 31, with a strike price of $78,000, with a notional size of around $20 million. Three minutes later, another buy of the same contract incurred a cost about 35% higher. Buy orders were mainly concentrated on strike prices between $74,000 and $78,000, with most expiring this week and mid-November. Notably, two put option trades expiring mid-November with a strike price of $74,000 each covered 1,000 BTC, totaling a notional size of around $155 million. The report argues that this move is more of a hedge against further short-term pullbacks rather than a bet on an extreme market crash. Meanwhile, call options expiring in March were still being traded in the market, indicating not all traders are taking a defensive stance. Standard Chartered warned that market weakness could persist, and a new market bottom may not form until incident details are clarified and relevant exchanges and protocols unfreeze the involved tokens.

CZ responds to Bitcoin's resilience amid market downturns: Traditional market declines typically weigh on the crypto market, yet Bitcoin has demonstrated remarkable resilience.

Binance founder CZ has responded to community discussions about Bitcoin’s resistance to price declines, stating that the leading cryptocurrency’s performance is quite surprising given the larger drops seen in traditional financial markets today. Historically, downturns in traditional markets weigh on crypto prices as investors sell assets to hoard cash, but Bitcoin has shown remarkable resilience this time. Earlier, some community users noted that a $6 billion+ hack on the world’s largest crypto exchange would likely trigger a sharp Bitcoin price slump, yet the token only fell around 3% that day—leading many to believe the market bottom may be approaching.

Renowned trader: Binance’s replenishment of stolen assets could drive buying pressure, and the trader still maintains a bullish stance on Bitcoin.

Well-known trader Doctor Profit has posted that he remains bullish on Bitcoin, and believes Binance’s need to compensate for its stolen assets could generate buying demand. The portion that cannot be covered through asset recovery or the exchange’s existing holdings will need to be repurchased, though the exact purchase amount has not been revealed. Doctor Profit estimates the incident involves around $6.3 billion, of which roughly $3 billion has been frozen. He projects that after Tether and Circle reissue the corresponding assets, the remaining gap will stand at approximately $3.3 billion, equal to about 2.05% of Binance’s total assets. Based on this, he judges that if no more funds are frozen later, Binance will need to repurchase roughly $3.3 billion in crypto assets, including Bitcoin, and views this potential replenishment requirement as capital inflow. Doctor Profit added that the incident has not shaken his bullish stance: he still holds his Bitcoin long position opened at $80,400 and spot Bitcoin bought at $60,000. He noted that he was prepared for volatility before entering the market and will not exit his positions over this incident.

Metaplanet CEO voices support for Binance: The Bitcoin network remains unaffected by this incident, and all of the company’s Bitcoin (BTC) is held in cold storage at regulated custodian institutions.

Metaplanet CEO Simon Gerovich posted a statement expressing support for Binance and all teams working diligently to address the incident, noting that industry participants should unite and collaborate during such times. Gerovich emphasized that the incident has not affected Bitcoin itself, pointing out that the Bitcoin network has operated normally in accordance with its established protocol since 2009. Additionally, all Bitcoin held by Metaplanet is stored in cold wallets and safeguarded by leading regulated custodial institutions in the sector.

MicroStrategy plans to increase its Bitcoin holdings through preferred stock financing, with Saylor stating this could create up to $30 billion in digital credit.

Strategy Executive Chairman Michael Saylor said during the third-quarter earnings call that the company can leverage its existing balance sheet to generate up to $30 billion in digital credit for additional Bitcoin purchases, without issuing new common stock for financing or relying on further Bitcoin price gains. Saylor noted the company is capable of creating $10 billion, $20 billion, or even $30 billion in digital credit. Strategy CEO Phong Le stated that issuing digital credit will be the company’s primary method to acquire more Bitcoin. If the company raises $1 billion to $2 billion via STRC preferred stock within a month, it will allocate part of the funds to dollar reserves and the rest to Bitcoin purchases. The earnings report showed Strategy’s third-quarter net profit was $19.53 billion, mainly driven by a $20.91 billion increase in the value of its digital assets. As of October 25, the company holds 848,517 BTC, with a 26% increase in holdings year-to-date. It should be noted that the $30 billion figure represents potential financing capacity, not an announced financing target. Additionally, Strategy disclosed that CFO Andrew Kang will step down on November 5 for personal reasons. Financial functions will be overseen by Phong Le until new CFO Reza Virasteh takes office on January 1, 2027.

Coinbase added 643 Bitcoin to its holdings in the third quarter, bringing its total Bitcoin position to 17,954.

Coinbase announced that it acquired an additional 643 Bitcoin in the third quarter, boosting its total holdings to 17,954 BTC.

A trader closed out long positions in Bitcoin (BTC) and Ethereum (ETH), locking in over $20 million in profits, before placing a 20x leveraged short on 13,000 ETH.

According to Lookonchain’s monitoring, trader 0x15a4 closed out its long positions of 1,000 BTC (valued at approximately $78.18 million) and 10,000 ETH (worth around $22.35 million) after holding them for four months, locking in profits of over $20 million. Following the liquidation, the trader shifted to a bearish stance, opening a 20x leveraged short position of 13,000 ETH (valued at roughly $29 million).

Ballet Founder: Bitcoin stolen in the Binance hack may be unrecoverable, market tolerance for large losses has increased.

According to Bloomberg, Bobby Lee, founder of digital asset hardware wallet firm Ballet, said the Bitcoin stolen in the Binance hack is likely irrecoverable. “That Bitcoin is gone, it’s in the hands of hackers,” Lee told Bloomberg Television. Lee added that only stablecoins have a realistic chance of being recovered, but freezing assets does not equal recovery. Binance still needs to cooperate with law enforcement in investigations and formally apply to claim the frozen assets. Lee also noted that the crypto market is far more mature than it was in the past, with an overall size of trillions of dollars, so losses of $1 billion, $2 billion, or even $50 billion are not the end of the world.

Bitcoin lending protocol Zest Protocol suspends new lending and borrowing operations following the Binance attack incident.

Bitcoin lending protocol Zest Protocol announced in a post that it has suspended new lending operations out of caution following the Binance incident. The move is designed to protect users, and lending services will be restored soon in sync with the broader ecosystem. Zest Protocol has no exposure to Binance.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $17.2 million, while Ethereum ETFs saw a net outflow of $105.5 million.

According to Farside Investors' monitoring, yesterday (October 29) saw a combined net inflow of $17.2 million into U.S. spot Bitcoin ETFs. Among them, BlackRock’s IBIT recorded a net inflow of $12.8 million, Fidelity’s FBTC $10.5 million, Bitwise’s BITB $8.8 million, and MSBT $4.2 million. Grayscale’s Mini BTC ETF posted a net outflow of $15.3 million, while BTC ETF saw a $3.8 million net outflow. ARKB, BTCO, EZBC, BRRR, HODL and GBTC registered zero net capital flows for the day. Separately, U.S. spot Ethereum ETFs saw a net outflow of $105.5 million yesterday. Breakdown: BlackRock’s ETHA recorded a net outflow of $71.7 million, ETHB $15.6 million, Grayscale’s ETHE $15.5 million, and Grayscale’s Mini Ethereum ETF $5.6 million. Fidelity’s FETH posted a net inflow of $2.9 million, with all other products showing zero capital movement.

Deribit: 134,000 Bitcoin options and 346,000 Ethereum options are set to expire.

According to Deribit data, 134,000 Bitcoin options and 346,000 Ethereum options are set to expire soon, with respective notional values of $10.48 billion and $750 million. The put-call ratio for Bitcoin options stands at 0.53, with a max pain point of $78,000. For Ethereum options, the put-call ratio is 0.73, and its max pain point is $2,400.

Bitcoin rebounds to break through $78,000

According to HTX market data, Bitcoin has rebounded to break through $78,000, currently trading at $78,003, with its 24-hour decline narrowed to 4.5%.

Whales Buying the Dip on Bitcoin? 9 Newly Created Addresses Accumulate 1,900 BTC in Nearly Four Hours.

According to Lookonchain's monitoring, despite the market downturn, whales are still buying BTC. Over the past four hours, nine newly created wallets have received 1,900 BTC from Galaxy Digital, valued at roughly $148 million.

Du Jun: Due to frequent security incidents, many family offices have converted their Bitcoin (BTC) to IBIT, and even reallocated their positions to physical gold.

Du Jun posted on X, stating: "Family offices I enthusiastically recommended allocating BTC and ETH to in earlier years, after experiencing CEX hacks and cold wallet supply chain security incidents, have mostly converted their BTC to IBIT, while some have even sold their crypto to purchase physical gold and other traditional assets. I don’t know how to advise them anymore—it seems there’s no solution."

Bitcoin falls below $77,000, with a 5.1% drop in 24 hours.

According to HTX market data, Bitcoin has fallen below $77,000, recording a 5.1% decline in the past 24 hours.

Strategy's Q3 Financial Report: Operating profit hits a record high of approximately $20.9 billion, Bitcoin holdings total 848,517 coins, and the company's CFO is set to step down.

Strategy released its Q3 2026 financial report, posting operating profit of approximately $20.91 billion, diluted earnings per share of $44.75, with around $20.91 billion in gains from changes in the fair value of digital assets. As of October 25, the company held about 848,517 Bitcoin, a roughly 26% increase year-to-date. Valued at approximately $81,200 per Bitcoin, its Bitcoin holdings have a market value of around $68.9 billion, with a cost basis of roughly $64.02 billion. Software segment revenue reached $125.4 million, a 3% year-over-year decline. The company stated it has raised approximately $21.2 billion in equity capital year-to-date and purchased around $14.33 billion worth of Bitcoin. Current Chief Financial Officer Andrew Kang will step down on November 5 for personal reasons. During the transition period, Chief Executive Officer Phong Le will serve as interim finance chief, while Executive Vice President Reza Virasteh will take over as CFO on January 1, 2027, and will hold the joint finance chief role alongside Le. The company also disclosed it has repurchased approximately $2.04 billion worth of MSTR shares year-to-date and increased its U.S. dollar assets to around $5.07 billion. According to data from BIT Stock Platform, Strategy (MSTR) closed down 2.44% and fell an additional 5.11%.

Bitcoin falls below $78,000, with a 4.1% drop in 24 hours.

According to HTX market data, Bitcoin dropped below $78,000, notching a 4.1% decline in the last 24 hours.

Bitcoin crosses $81,000, up 0.4% in the past 24 hours.

According to HTX market data, Bitcoin has broken through $81,000, with a 0.4% increase in the past 24 hours.

MicroStrategy is set to release its earnings report after market close, and currently holds 848,517 bitcoins, with an unrealized profit of approximately $4 billion.

Strategy will release its third-quarter financial results after today’s U.S. stock market close, and hold an online earnings call at 5 p.m. ET (5 a.m. Beijing time). According to a filing it submitted on October 26, the company holds 848,517 Bitcoin, with an average cost of approximately $75,446. At Bitcoin’s current price of around $80,300, it has an unrealized gain of roughly $4 billion on its total investment of about $64 billion, representing an unrealized gain of approximately 6%. In the week ending October 25, Strategy did not add to its Bitcoin holdings, instead spending around $204.9 million to repurchase STRC preferred shares. Separately, in an October 5 filing, Strategy estimated its third-quarter Bitcoin-related revenue at approximately $20.91 billion, calculated based on Bitcoin’s price of roughly $83,500 as of September 30. In addition, Coinbase will also release its financial results after today’s U.S. market close.

Franklin Templeton launches two US-listed bitcoin ETFs with dividend reinvestment.

Asset management giant Franklin Templeton has launched two U.S.-listed ETFs: FBEQ, which tracks the VettaFi U.S. Large Cap 500 Bitcoin Dividend Reinvestment Index, and FIBT, which tracks the VettaFi U.S. Innovation 100 Bitcoin Dividend Reinvestment Index. Their expense ratios are 0.09% and 0.19% respectively. The products start with an allocation of approximately 95% to U.S. equities and 5% to Bitcoin exposure. The indexes reinvest both regular and special dividends from their constituent stocks into Bitcoin after the ex-dividend date, gradually boosting Bitcoin’s weight over time. To maintain Bitcoin as a secondary position, if Bitcoin’s weight exceeds 5% in a given quarter, it will be adjusted down to 4.5%; if it exceeds 20% at any point during the quarter, it will be reset to 4.5% two trading days later. The two funds do not hold Bitcoin directly, instead gaining exposure via instruments including Bitcoin ETPs, futures, and options.

Bitcoin ETFs see $134.91M inflow, Ethereum ETFs suffer $235.17M weekly outflow

Oct 29 Update: #Bitcoin ETFs: 1D NetFlow: +1,684 $BTC(+$134.91M)?? 7D NetFlow: -3,889 $BTC(-$311.62M)?? #Ethereum ETFs: 1D NetFlow: -9,081 $ETH(-$21.11M)?? 7D NetFlow: -101,144 $ETH(-$235.17M)??

Bitcoin has returned to Strategy's 2026 cost basis, though the portion it purchased in 2025 remains in unrealized loss.

Analyst Darkfost pointed out in a post that Bitcoin’s price has rebounded above Strategy’s 2026 position cost line, though its purchases made since 2025 are still unprofitable. Strategy currently holds 848,517 Bitcoin (BTC), with an overall average cost of roughly $75,446. Bitcoin today has climbed above Strategy’s 2026 cost line of $78,900. However, when factoring in all purchases since 2025 alongside sales near this summer’s lows, the combined cost remains around $90,600, leaving the current price in unrealized loss. After pausing buying for several weeks, Strategy has resumed its purchases (no new additions were made last week). The company’s 1-year return stands at approximately 27.6%, while its 10-year return is around 60.3%.

Analysts: Long-term Bitcoin holders’ weekly distribution volume drops 22% week-over-week, selling pressure eases but profits narrow

CryptoQuant analyst Axel Adler Jr.’s latest report shows that the 30-day rolling distribution volume of Bitcoin’s long-term holders (LTH) dropped 22% week-over-week, indicating that potential selling pressure from long-term holders has eased. However, while Bitcoin’s price remains above the average cost basis of long-term holders, their unrealized profit margin is continuing to narrow. Adler notes that although long-term holders’ distribution activity has weakened, the shrinking profit buffer still warrants attention.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $137.3 million, while U.S. spot Ethereum ETFs saw a net outflow of $21.4 million.

According to Farside data, U.S. spot Bitcoin ETFs saw a total net inflow of $137.3 million yesterday. Of that, IBIT recorded a net inflow of $136 million, BITB a net inflow of $1.3 million; FBTC, ARKB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC, and BTC all had zero net flows. U.S. spot Ethereum ETFs posted a total net outflow of $21.4 million yesterday. Breakdown shows ETHA had a net outflow of $44.8 million, FETH a net inflow of $18.8 million, MSSE a net inflow of $1 million, and ETH a net inflow of $3.6 million; ETHB, ETHW, TETH, ETHV, QETH, EZET, and ETHE all reported zero net flows.

Hong Kong-listed public company Ruihe Digital Intelligence sold 38.76 Bitcoin, valued at approximately $3.1219 million.

Hong Kong-listed company Ruihe Digital Intelligence sold 38.76 Bitcoin, valued at approximately $3.1219 million excluding transaction costs. The firm intends to use the proceeds for general working capital.

Bitcoin pulls back to touch $80,000, down over 2% from its early morning high.

According to HTX market data, Bitcoin has pulled back to hit $80,000, down more than 2% from its early morning high, and is currently trading at $80,123.

Federal Reserve holds steady, Bitcoin briefly rebounds to break above $81,000.

The Federal Reserve held its interest rate policy steady at 3.75%-4%. According to HTX market data, Bitcoin briefly rebounded to break through the $81,000 level, and is currently trading at $81,071.20.

Bitwise Raises Bitcoin’s 2036 Price Target to $1.6 Million

Bitwise has lifted its Bitcoin price target to $1.6 million by 2036 in its latest report, a projection translating to a roughly 34.3% compound annual growth rate. The firm cited growing institutional demand, limited Bitcoin supply, and concerns over fiat currency depreciation as key drivers. Previously, Bitwise had forecast Bitcoin would reach $1.3 million by 2035.

Independent Bitcoin miner mines block 973,413, claims exclusive 3.14 BTC block reward.

According to mempool data, a Bitcoin solo miner has mined block 973,413, taking the full 3.14 BTC block reward, valued at approximately $250,000 at current market rates. Relevant details show the mining rig has a hashrate of just around 6.5 TH/s. Technicians speculate the "lucky" rig is very likely a Canaan Avalon Nano 3S. Public information notes the Nano 3S is only router-sized, with a power draw of 140 watts. Compared to the hashrate of professional mining rigs such as the S21 XP (270 TH/s), the winning rig’s hashrate is less than one-fortieth of the S21 XP’s.

Bitcoin ETFs see $176.48M inflow, Ethereum ETFs see $64.04M outflow

Oct 28 Update: #Bitcoin ETFs: 1D NetFlow: +2,189 $BTC(+$176.48M)?? 7D NetFlow: +193 $BTC(+$15.57M)?? #Ethereum ETFs: 1D NetFlow: -27,418 $ETH(-$64.04M)?? 7D NetFlow: -96,485 $ETH(-$225.35M)??

A well-known trader: Bitcoin will see a 10% price swing following the FOMC, with a bullish bias.

Well-known trader Killa posted that Bitcoin is set to see significant volatility on FOMC day, with an expected move of at least 10%+ in the next 7 to 10 days. As markets derisk ahead of the event, he leans toward a bullish reaction post-FOMC, which could push BTC to the $90,000 range. He also noted Bitcoin has a "potential downside scenario", in which it would fall roughly 10% more. "This is not my primary expectation; with bearish narratives already priced in ahead of this date, another 10% drop feels somewhat extreme," Killa said. A quantitative trader focused exclusively on BTC, Killa correctly predicted the peak of the current bull run in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then flipped to a long position during the broad market selloff on June 5.

Thailand’s Supreme Court has officially ruled that Bitcoin qualifies as "property" under Thai law.

Thailand’s Supreme Court recently ruled in a criminal case that Bitcoin qualifies as "property" under Thai law, as it holds economic value that can be held, traded, and converted into cash. The case involved a victim who converted $50,000 into Bitcoin and transferred it to a criminal gang. The core dispute centered on whether electronically existing Bitcoin could be considered the subject of "property infringement" in criminal offenses. In its ruling for Case No. 4929/2569, the Supreme Court’s full bench determined that Bitcoin has market value, can be bought and sold, converted to cash when a buyer is available, and is capable of being held and controlled by the public. As such, the Bitcoin transferred by the victim is not "intangible, valueless data" but property that can be the object of property crimes. It is important to clarify that the Thai court’s ruling in this criminal case only confirmed Bitcoin can be property protected by law and vulnerable to criminal infringement—not that it holds legal tender status equivalent to the Thai baht.