Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin briefly fell below $81,000.

According to HTX market data, Bitcoin briefly dipped below $81,000, currently trading at $81,004.61, with its 24-hour price gain narrowing to 0.55%.

Viewpoint: Bitcoin whales have significantly reduced their holdings over the past 24 hours, and the FOMC curse may strike again.

According to analyst Alicharts, despite Bitcoin rising over 1% today, it remains highly likely to be impacted by the "FOMC curse" and see a sharp decline again. Per its data, Bitcoin's whale group has recently realized around $156 million in profits, adding to potential selling pressure. Meanwhile, the whale group's holdings have decreased by approximately 8,162 BTC over the past 24 hours, worth around $664 million. This decline indicates that large holders are reducing their exposure ahead of the FOMC decision. Alicharts notes Bitcoin's current key support level is near $81,000, where nearly 1 million BTC was traded based on URPD. If this level breaks, the next levels to watch are $77,000 and then $67,000. For a bullish reversal, Bitcoin needs to break above $84,500, where roughly 620,000 BTC was traded. Additionally, recent patterns between FOMC meetings and Bitcoin price fluctuations show that Bitcoin's volatility in the first hour after the meeting is usually less than 1%. A clearer directional trend typically emerges in the following 24 hours and usually persists for up to a week.

Michael Saylor: AI’s ability to attack crypto applications does not equate to Bitcoin losing its value.

Michael Saylor published a post refuting the claim that AI poses a threat to cryptocurrencies. “AI can attack crypto applications, so there’s no reason to hold Bitcoin—just as there’s no reason to speak English because AI can attack communication apps,” Saylor stated. He used this analogy to counter the view that directly ties AI’s ability to attack applications to the value of holding Bitcoin.

Japanese internet giant targeted in a cyberattack, hackers demand ransom in Bitcoin, company leaders refuse to pay the ransom.

According to Nada News, the cloud desktop service of Japanese internet giant GMO Group suffered an unauthorized access, affecting up to 26,739 servers. The hackers’ ransom note demanded payment in Bitcoin (BTC) and Ethereum (ETH), claiming GMO’s crypto exchange could immediately secure funds, and threatened to carry out abnormal transactions on victim accounts and publicly leak user data. The initial ransom demand was $50 million, later reduced to $1 million. GMO Group representative Masakazu Kumagai explicitly stated the company refused to compromise and paid no ransom, while its crypto exchange GMO Coin confirmed no abnormal operations on customer accounts were detected. Though the hackers subsequently released some data and threatened daily updates, the domain name of the website hosting the leaked information was shut down on the morning of October 28.

Mining company MARA transferred 1,000 bitcoins to BitGo again today.

According to Lookonchain's monitoring, 9 hours ago, Bitcoin mining company MARA Holdings transferred another 1,000 BTC (worth approximately $80.66 million) to BitGo.

Bitcoin options with a notional value of $10.92 billion will expire and settle this Friday, with a max pain price of $78,000.

According to Deribit data, at 16:00 Beijing time (08:00 UTC) this Friday (October 30), approximately 135,000 BTC options will expire and settle, with a nominal value of around $10.92 billion. The current put/call ratio is 0.53, and the max pain point stands at $78,000. For the same period, ETH options have a nominal value of around $776 million, with a max pain point of $2,500 and a put/call ratio of 0.77.

Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $176 million, while U.S. spot Ethereum ETFs recorded a net outflow of $60.2 million.

Yesterday, U.S. spot Bitcoin ETFs recorded a net inflow of $176 million, with BlackRock’s IBIT alone attracting $151.5 million. Over the same period, U.S. spot Ethereum ETFs posted a net outflow of $60.2 million.

Yesterday, U.S. spot Bitcoin ETFs recorded a net inflow of $176 million, while U.S. Ethereum ETFs saw a net outflow of $60.2 million.

According to Farside Investors’ monitoring, U.S. spot Bitcoin ETFs registered a net inflow of $176 million yesterday. Among them, BlackRock’s IBIT had a net inflow of $151.5 million, Fidelity’s FBTC saw a net inflow of $24.5 million, while all other products reported zero net inflows. Additionally, on October 27, U.S. spot Ethereum ETFs recorded a net outflow of $60.2 million. Specifically, BlackRock’s ETHA posted a net outflow of $93.3 million, Fidelity’s FETH had a net inflow of $28.6 million, Grayscale’s Mini Ethereum ETF notched a net inflow of $4.5 million, and all other products had zero net flow.

Well-known trader: Bitcoin is at a local bottom, maintains its target of $94,000.

Well-known crypto trader Doctor Profit revealed in a post that he has completed building a long position in Bitcoin (BTC) across the $80,000–$81,000 range, with an average entry price of $80,400, and his price target remains $94,000. He is also holding onto his Bitcoin spot positions, which have an average cost basis of $60,000–$64,000. According to Profit, the $80,000–$81,000 zone, extending down to $79,000, serves as an accumulation area and local bottom. His reasoning: this region has stronger spot demand, long positions are being built gradually, while most retail investors are clearly bearish. On institutional holdings, he noted that the average purchase cost for Bitcoin treasuries is roughly $80,200, with combined costs for treasuries and U.S. spot Bitcoin ETFs falling between $80,000 and $81,500. As of October 20, spot buy orders near the $80,000 level on Binance have re-accumulated, while the pace of realized profit-taking has dropped to about half of its September peak, he added. From this, he concludes that recent selling pressure stems mainly from retail investors, futures short sellers, and some short-term holders, while medium and long-term buyers who entered positions in the $60,000–$70,000 range are still inclined to hold their Bitcoin. Technically, Profit wants to see Bitcoin reclaim its 50-day Exponential Moving Average (EMA50) and close above it on a daily chart, but emphasized that even if this does not materialize immediately, it will not change his view on the local bottom. Additionally, he cautioned to watch the U.S. Federal Reserve’s interest rate decision scheduled for October 28.

Datavault AI claims it failed to withdraw Bitcoin from Biconomy, sending its stock price plummeting nearly 50%.

Datavault AI (DVLT) disclosed in an 8-K filing submitted on October 26 that the company applied in June this year to transfer Bitcoin held in its crypto exchange Biconomy account to an external wallet, but the withdrawal had not been completed as of the filing date. Following the disclosure, the company’s stock price plummeted nearly 50%. The Bitcoin in question originated from an equity deal reached with Scilex Holding in September 2025. Under the agreement, Scilex agreed to pay $150 million in Bitcoin to subscribe to Datavault’s stocks and warrants, with the relevant Bitcoin recorded in its Biconomy digital wallet via off-chain transfer.

Well-known trader Killa: Still holds long positions in Bitcoin, with target price and stop-loss plan unchanged.

Renowned trader Killa posted that he is still holding his long Bitcoin position entered around $76,400, with no changes to his current trading plan. To capture significant market moves, one must patiently endure extended sideways ranges and dull price action; the difference between profitable and losing traders often lies in patience and the ability to stick to a predefined plan amid shifting market sentiment. Killa noted he will not move his stop-loss up to the entry price, instead holding the position until either his target is hit or the stop-loss is triggered. Frequent position changes by traders are precisely why many suffer trading losses; the key is whether the market structure has changed or if the trading plan needs adjustment. Both factors remain unchanged, so he will not panic, second-guess himself, or waver, and will continue executing his original strategy.

Gamdom is being extorted by ransomware group Whitearmor for a $15 million Bitcoin ransom.

Gamdom has not fully recovered from the multi-million-dollar hot wallet theft, and is now facing a new security crisis. Cyber ransomware group Whitearmor claims to hold a database containing 15,420,003 customer accounts, demanding a $15 million Bitcoin ransom to prevent the data from being publicly disclosed. Whitearmor published Gamdom-related information on its ransomware site, asserting access to 146 data fields per account. The group also released a roughly 437KB JSON sample file with around 100 records as evidence of its possession of the data. According to reports, attackers exploited an outdated internal machine account to carry out the attack. The account’s credentials were never rotated, so despite being long-established, it still retained administrator privileges.

Bitcoin ETFs see $108.91M inflow, Ethereum ETFs outflow $89.07M on Oct 27

Oct 27 Update: #Bitcoin ETFs: 1D NetFlow: +1,359 $BTC(+$108.91M)?? 7D NetFlow: -2,399 $BTC(-$192.3M)?? #Ethereum ETFs: 1D NetFlow: -38,303 $ETH(-$89.07M)?? 7D NetFlow: -81,754 $ETH(-$190.12M)??

All-In Podcast host: Bitcoin will retest $57,000 within the next 12 months.

Prominent American angel investor and co-host of the All-In podcast Jason Calacanis has called on his followers to sell their Bitcoin and shift investments to artificial intelligence. Speaking on Tuesday, he stated that a brutal year for Bitcoin has only just begun, and made three predictions: Bitcoin ETF outflows will persist; the Bitcoin price will retest the $57,000 low within the next 12 months; and Bitcoin will never again surpass its all-time high. Calacanis said, "Just sell Bitcoin and move into the superintelligence space. The former has almost no value, while the latter offers unlimited upside potential for humanity." (Unchained)

Michael Saylor: Just because anyone can issue a cryptocurrency doesn't mean Bitcoin has no value.

MicroStrategy founder Michael Saylor posted that the claim that there’s no reason to buy Bitcoin because anyone can issue a cryptocurrency is equivalent to arguing there’s no reason to learn English because anyone can invent a language.

eToro's founder predicts a new round of Bitcoin rally will start next year.

eToro founder Yoni Assia said Bitcoin may face another "setback" before its next bull run, and he forecasts the new upward rally will start next year.

NIP Group Purchases Additional Bitcoin Mining Rigs, Boosting Its Mining Hash Rate to 13.85 EH/s

Esports club Ninjas in Pyjamas’ parent company NIP Group has acquired another batch of Bitcoin mining rigs, paying more than 247 million Class A common shares as consideration. Upon completion of the transaction, the company’s Bitcoin mining hash rate will reach approximately 13.85 EH/s, with an estimated monthly Bitcoin output of around 195 BTC, worth about $2.8 million at current prices. NIP Group Founder and Chief Executive Officer Hicham Chahine stated that the company opted to scale up Bitcoin mining operations during a period of cooling market momentum and relatively eased competition, adding that the newly acquired mining rigs require a short deployment time. Previously, NIP Group had expanded its Bitcoin mining business with an original monthly output target of 160 BTC; this acquisition will raise that target to 195 BTC. Chahine noted that the company conducted a comprehensive evaluation of all its businesses this year, focusing on improving profit margins and defining clear profitable paths, and the Bitcoin mining business passed this assessment. He also added that if future returns from artificial intelligence (AI) computing operations exceed those from Bitcoin mining, the company may redirect some of its computing power infrastructure to AI computing. NIP Group is a digital entertainment company that owns esports operations including Ninjas in Pyjamas.

Wintermute: Bitcoin is expected to resume its uptrend only after reclaiming the $82,000 to $82,500 level.

Wintermute stated in a report that Bitcoin fell 2.43% last week, marking its third consecutive weekly decline, breaking below the $82,500 support level and retesting the $80,000 threshold. On the macro front, rising energy prices and inflation concerns have replaced AI financing issues as the main market risks. Bitcoin’s recent performance is highly correlated with the Nasdaq and AI-related stocks, while ETF fund flows have also started to show two-way volatility. The Federal Reserve’s interest rate decision and policy stance will be a key catalyst for Bitcoin’s short-term movement. If Bitcoin fails to hold the $80,000 level, the next critical support is $76,000; a valid break below this level could push prices further down to the $70,000 range. In the short term, Bitcoin needs to reclaim the $82,000 to $82,500 range to resume its uptrend. If the Fed signals a hawkish tilt, markets may reassess expectations for a December rate hike, driving up yields and intensifying downward pressure on Bitcoin; if the policy statement leaves room for the December decision, it could create conditions for Bitcoin’s rebound. Currently, the market lacks directional confidence and will remain cautious ahead of the Fed’s decision, the U.S. third-quarter GDP data, and September personal consumption expenditures (PCE) figures. If the Fed signals a dovish tilt but subsequent PCE inflation comes in higher than expected, markets may sell off tech stocks due to renewed inflationary pressure, dragging down Bitcoin. The firm emphasized that it is not definitively bearish at present, but remains cautious until Bitcoin reclaims the $82,500 level.

A Bitcoin whale dormant for five months withdrew 11,330 BTC from a centralized exchange (CEX), with the withdrawal valued at roughly $903 million.

According to OnchainLens monitoring, a Bitcoin whale dormant for five months withdrew 11,330 BTC from the Binance exchange, valued at approximately $902.7 million based on the price at the time of monitoring.

Bitcoin rebounds to break through $80,000.

According to HTX market data, Bitcoin has rebounded to break through the $80,000 mark, with its 24-hour decline narrowing to 0.10%.

Yesterday, U.S. spot Bitcoin ETFs recorded a net inflow of $110 million, while Ethereum ETFs saw a net outflow of $88.6 million.

According to Farside data, U.S. spot Bitcoin ETFs posted a net inflow of $110 million yesterday, with only BlackRock’s IBIT disclosing inflow/outflow figures. Separately, U.S. spot Ethereum ETFs saw a net outflow of $88.6 million. Of that total, BlackRock’s ETHA recorded a net outflow of $104.7 million, while Fidelity’s FETH reported a net inflow of $16.1 million.

Willy Woo: 5,000 simulations of Bitcoin’s future price trajectory yield a median projection of $1.48 million by 2034.

Bitcoin analyst Willy Woo has published an article introducing a BTC Monte Carlo simulation model inspired by Sminston With, which generates price paths based on Bitcoin’s historical market performance via a random number generator to simulate potential future trends. Woo noted the model made three key adjustments: first, it incorporates BTC’s cyclical market structure; second, it reconstructs Bitcoin’s true probability distribution from historical data, rather than fitting it to a preset ideal distribution; third, it uses data from the 2018 market bottom through the 2022 market bottom as input, deliberately excluding earlier BTC market data to better reflect the modern market environment shaped by derivatives, ETFs and rapid liquidation mechanisms. Additionally, the model retains a power-law scaling mechanism to capture the phenomenon of diminishing returns for BTC across each cycle. Woo specifically highlighted the 28th percentile simulation path, as it aligns with a pattern he observed: the next market bottom may find support near the previous cycle’s peak. Previously, Sminston With shared another Monte Carlo experiment projecting BTC simulations to 2034, which ran 5,000 total trials. Its results showed no simulated price fell below the current ~$80,000 level; the median result was ~$1.48 million, and even the lowest 5% of outcomes reached ~$464,000. It is important to note that these figures are simulation results based on specific assumptions and historical data, not definitive price predictions. The model’s conclusions are subject to factors including input data, diminishing return assumptions, and changes in market structure.

Traders expect Bitcoin to rally following the midterm elections, as the largest Bitcoin position on Derive bets the cryptocurrency will surge above $90,000 in November.

On decentralized options platform Derive, a wallet purchased 800 Bitcoin call options on Oct 20: the options expire Nov 6 with a $90,000 strike price, carrying a nominal value of roughly $68 million. The wallet netted about $94 million by selling call options expiring March 2027 and Oct 30. Derive noted this is the platform’s largest Bitcoin open interest position. The market-implied probability of Bitcoin breaking $100,000 before Christmas rose from 9.7% to 12%, indicating some traders are betting on Bitcoin’s rally following the U.S. midterm elections.

Wintermute: This week, the key focus will be on FOMC's wording, with Bitcoin's support level standing at $76,000.

Wintermute released its weekly market report yesterday, stating that BTC fell 2.43% last week to around $80,500, marking its third consecutive weekly decline and retesting the $80,000 threshold. U.S. spot ETFs saw a net outflow of $636 million on Thursday, the largest single-day outflow since June. Wintermute noted that BTC is currently correlated with the performance of AI-related stocks, and the market’s reaction to Wednesday’s FOMC meeting and subsequent inflation data is critical: if the FOMC adopts a hawkish tone or inflation comes in higher than expected, it could trigger a sell-off of assets including BTC. The firm added that it is not bearish on the market outlook, but remains cautious until the FOMC meeting concludes and BTC rebounds back above $82,500, with the key support level at $76,000.

Bitcoin Lightning Network wallet Blink Wallet has begun charging fees on idle custodial accounts, deducting $1 monthly until the balance is exhausted.

Bitcoin Lightning Network wallet Blink Wallet has begun charging inactivity fees on custodial accounts that have been inactive for 12 consecutive months, deducting $1 per month for each Bitcoin and USD balance respectively until the balance is depleted. Insiders disclosed that roughly 100,000 accounts qualify for the fees, with a combined balance exceeding $800,000; the first round of deductions amounts to approximately $45,000, though the related data has not been independently verified. Blink stated the move aims to cover infrastructure and compliance costs for dormant accounts and encourage users to switch to self-custody. Deducted fees will be fully refunded automatically once users log back in, and self-custody accounts remain unaffected. (Bitcoin Magazine)

Anthropic’s IPO boosts AI hype, with chip stocks leading the rebound, Bitcoin trading sideways amid volatility, and oil prices pulling back.

Overnight to early this morning, Anthropic filed for an IPO, reigniting short-term AI hype in the market. The Philadelphia Semiconductor Index rose around 3% in a single day, driving the S&P 500 up 0.70% and the Nasdaq up 0.82%, both ending their two-day losing streak. On the other hand, ahead of the Federal Reserve's policy decision, the U.S. Treasury market remained calm. Oil prices edged lower, but Middle East risk premiums persisted. Additionally, market turmoil in Brazil has drawn global attention. With Lula's surprise election victory, Brazil's stock market, bonds, and the real all slumped simultaneously; multiple stocks dropped over 30% in a single session, with some falling more than 50%. Investors worry the new government will expand fiscal spending, stoking inflation expectations, leading to a sharp spike in Brazil's 5-year credit default swap (CDS) spreads. For equities, per data from BIT Stock Platform, star stock Nvidia rose 2.4%, Micron gained 2.98%. CoreWeave reversed its pre-market decline to close up 1.76%. The optical communications sector stayed strong: LITE rose over 8%, AAOI over 6%. Neocloud, which was bearish on by Musk, showed relative resilience; only NBIS fell 3.48%, while other major stocks closed higher. The storage sector was flat: SNDK rose 1.42%. Crypto-related stocks fell broadly: MSTR dropped 4.21%, the previously standout NEAR Treasury Company fell 10.48%, BMNR down 6.52%, CRCL down 7.07%. Separately, per HTX market data, ahead of the Federal Reserve's interest rate decision, market sentiment was cautious, with Bitcoin trading in the $80,000 range, currently at $80,094.20.

Bitcoin once again fell below $80,000.

According to HTX market data, Bitcoin once again fell below $80,000, with a 0.84% decline in the past 24 hours.

Bitcoin ETFs see $169M outflow, Ethereum ETFs down $198M over 7 days

Oct 26 Update: #Bitcoin ETFs: 1D NetFlow: -2,123 $BTC(-$169.47M)?? 7D NetFlow: +3,344 $BTC(+$266.96M)?? #Ethereum ETFs: 1D NetFlow: -6,960 $ETH(-$16.07M)?? 7D NetFlow: -85,801 $ETH(-$198.15M)??

Bitcoin falls below $80,000

According to HTX market data, Bitcoin has dropped below $80,000, with a 24-hour decline of 0.44%.

Galaxy: Bitcoin's bear market ended in June, making now the time to buy and hold.

Galaxy Research holds that the Bitcoin bear market concluded in June this year, with the current correction offering an attractive entry opportunity for investors. The firm points out that selling pressure from long-term holders is abating, and paired with the ongoing surge in US debt, Bitcoin’s medium- and long-term investment value merits attention. Galaxy recommends investors consider buying and holding Bitcoin at this stage. That said, the available report summary has not yet provided detailed justifications for its specific Bitcoin price targets or its assessment that the bear market has ended.

Bitcoin treasury firm Empery invests $65 million to build out AI data centers, targeting 15-year long-term cash flow.

Bitcoin treasury firm Empery Digital (NASDAQ: EMPD) plans to invest $65 million to acquire a 25% stake in a private entity that owns an AI data center property in the U.S. Midwest. The facility currently has approximately 150 MW of power capacity and its own substation, with potential expansion to around 300 MW in the future. Per the company’s prior disclosures, the project will adopt a 15-year triple-net (NNN) lease structure, with total potential lease payments of roughly $10 billion. Under the original plan, the 25% stake held by Empery is expected to generate over $440 million in lease revenue during the lease term, with payments set to begin in early 2027. However, the related lease arrangements are subject to the final signed formal agreement. This investment reflects Empery’s expansion of its business from bitcoin treasury to AI infrastructure. The company previously stated that its capital commitment to the project is limited to $65 million, while the potential tenant will cover the costs of data center renovation, electricity, and operations.

MicroStrategy did not increase its Bitcoin holdings over the past week.

MicroStrategy did not purchase any Bitcoin over the past week.

Bitcoin treasury firm Strive has signed agreements with seven institutions, and plans to issue up to $1 billion in preferred stock via an At-The-Market (ATM) offering.

According to U.S. SEC filings, Bitcoin treasury firm Strive signed a sales agreement on October 26 with seven institutions: Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley Securities, Maxim Group, and H.C. Wainwright. The company plans to sell up to 15% of its Series A perpetual preferred stock (ticker: SATS) with a total offering value of up to $1 billion via an at-the-market (ATM) offering on an irregular basis. The filings show the preferred stock carries an annual dividend rate of 15% and a $100 par value per share. Strive may conduct the issuance through existing trading venues such as Nasdaq or other legal channels based on market conditions, with the seven firms acting as selling agents entitled to a maximum commission of 2% of the total proceeds per sale. This offering is an additional issuance, separate from the 7 million SATS preferred shares already issued. The filings add that Strive may issue shares on an irregular basis depending on market conditions, with the actual issuance size and timing subject to the company’s arrangements and market environment.

Creative Planning’s Chief Strategist: Bitcoin and gold are the two worst-performing assets so far in 2026.

Charlie Bilello, chief strategist at Creative Planning, stated in a post that Bitcoin has declined 7.3% year-to-date and gold has fallen 7.5%, making them the two worst-performing major assets of 2026 so far. He noted that such a situation has never occurred in any previous year.

Galaxy: Approximately 11.1 million bitcoins cannot be linked to known holders, accounting for 55% of the total mined bitcoins.

Galaxy Research’s October snapshot shows that of the approximately 20.1 million mined Bitcoin, around 11.1 million (about 55%) are held in addresses unlinked to exchanges, funds, governments, or other known entities. Galaxy Research Director Alex Thorn stated that this demonstrates that despite growing institutionalization, a large volume of Bitcoin is still likely self-custodied by individuals. Xapo Bank notes this reflects retail investors having entered the space over a decade ago. However, this unassigned Bitcoin is not all held by long-term self-custody individuals; it may also include coins inaccessible due to lost private keys or deceased holders, institutional or OTC trader positions unrecognized by Galaxy, and custodial assets spread across multiple addresses. The remaining 45% is already attributed, including exchanges, ETF issuers such as BlackRock, and the U.S. government. The single largest holder is "Satoshi Nakamoto (Patoshi pattern)", holding 1,123,658 BTC.

A security researcher exploited the PHP2Shell vulnerability to breach a bug bounty platform and claimed around $2,000 in bitcoin bounty.

Security researcher killa (GitHub username KillaBoi) successfully exploited the recently disclosed high-severity PHP vulnerabilities PHP2Shell (CVE-2026-109618 and CVE-2026-109619) to breach public bounty website stealmybitcoin[.]com, claiming a bitcoin bounty worth approximately $2,021 (0.02511679 BTC). Following the October 20 disclosure of the PHP core remote code execution flaws, no reliable public exploit code became available for several days. On October 24, a party set up the website, intentionally running an unpatched PHP version, and posted an initial $500 bitcoin bounty to invite hackers to verify the vulnerabilities’ exploitability. The bounty was later boosted to around $2,000 via donations. Roughly 19.5 hours after the challenge launched, killa developed working exploit code, successfully retrieving the server’s private key. The website creator later confirmed the challenge was solved, noting an error in how the key was stored, but acknowledged the attack’s success. killa subsequently released the full proof-of-concept (PoC) on GitHub.

Franklin Templeton Plans to Launch Two Bitcoin ETFs With Dividend Reinvestment

Asset management giant Franklin Templeton has filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) to complete the Nasdaq listing registration for two new exchange-traded funds (ETFs). The prospectus indicates the funds will take effect on October 27, and the market widely expects them to start trading soon. The two products are the Franklin US Equity Bitcoin DRIP Index ETF (ticker: FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (ticker: FIBT). The former tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index, covering about 500 of the largest U.S. companies by market cap; the latter tracks the VettaFi US Innovation 100 Bitcoin DRIP Index, focusing on the 100 largest non-financial Nasdaq-listed companies. Both funds adopt a passive index strategy, with an initial asset allocation of approximately 95% U.S. equities and 5% Bitcoin exposure. The core mechanism of the products is "Bitcoin Dividend Reinvestment Plan (Bitcoin DRIP)". Unlike traditional dividend reinvestment plans, these two ETFs do not reinvest ordinary and special dividends from stocks back into the equities themselves. Instead, on the opening of the day after the ex-dividend date, the dividend cash is automatically used to increase Bitcoin-related exposure. Bitcoin exposure is primarily achieved through Bitcoin exchange-traded products (including Franklin’s own spot Bitcoin ETF EZBC), futures, options, or other related instruments; the funds do not directly hold on-chain Bitcoin. To control risks, the indices have clear rebalancing rules: if the Bitcoin weight exceeds 5% during quarterly rebalancing, it will be reduced to 4.5%; if the Bitcoin weight exceeds 20% during the rebalancing interval, it must be cut back to 4.5% within two trading days. The documents show FBEQ has a management fee of 0.09%, while FIBT’s is 0.19%, with neither charging 12b-1 fees.

Bitcoin rebounds to above $80,000

According to HTX market data, Bitcoin has rebounded above $80,000, currently trading at $80,072.

Yilihua: Bitcoin's strong support levels are $75,000 and $71,000, while $57,000 is the "iron bottom" for the bear market.

Liquid Capital founder Yilihua said in a post that he has repeatedly warned of a market pullback over the past month. Bitcoin has now broken below the $82,000 and $80,000 support levels, and is poised to fall below $79,000. If it breaches that level, the next major support stands at $75,000, followed by $71,000. However, Liquid Capital still maintains that the prior $57,000 level marks the bottom of this bear market, so the only remaining question is when to buy the dip. There is no clear answer yet as market conditions are constantly shifting, but investors can now fully focus on identifying dip-buying opportunities.

Coinbase's Bitcoin Premium Index has been negative for 33 consecutive days.

According to Coinglass data, Coinbase’s Bitcoin Premium Index has posted negative readings for 33 consecutive days, with the latest figure at -0.1259%, pointing to sustained weak purchasing power in the U.S. market. The Coinbase Bitcoin Premium Index tracks the gap between Bitcoin prices on the platform and the global average market price. A negative premium usually signals heavy selling pressure in the U.S. market, falling investor risk appetite, rising market risk aversion, or capital outflows.

Michael Saylor failed to release Bitcoin Tracker updates over the weekend, which may signal that MicroStrategy has suspended its BTC purchases.

Strategy founder Michael Saylor failed to publish Bitcoin Tracker updates over the weekend, which may indicate that the firm suspended its ongoing BTC accumulation last week. Per historical patterns, Strategy always announces its Bitcoin holdings additions the day after relevant news is released.

Bitcoin once again falls below the $80,000 mark.

According to HTX market data, Bitcoin once again fell below the $80,000 mark, with a 0.75% decline in the past 24 hours.

Viewpoint: Bitcoin may be nearing the end of its current correction, having pulled back roughly 10% from its recent peak.

Trader Killa has published an article outlining the pullback framework for the current bull market. He noted that the previous bear market saw a maximum drawdown of roughly 77%–78%, and before Bitcoin hit its prior high of around $126,000 in the last bull run, the maximum pullback stood at about 20%–22%. This current bear market has recorded a drawdown of approximately 54%; by proportional calculation, a major pullback in this bull market could land between 10% and 15%. Killa pointed out that Bitcoin has already fallen around 10% from its recent peak, and combined with the current position, this round of pullback may be nearing its end, with an upward trend likely to follow afterward.

Strive’s CEO releases Bitcoin Tracker information, hinting at an upcoming announcement of another BTC holding increase.

Bitcoin treasury firm Strive CEO Matt Cole shared a Bitcoin holdings chart, with the caption: "The sats/$SATS perpetual swap has been activated," hinting that the company will disclose its Bitcoin addition data next week. Earlier this week, Strive announced it purchased 4,045 Bitcoin at an average price of roughly $82,803 between October 12 and 16, 2026, bringing its total cumulative holdings to 36,818 BTC.

Opinion: Bitcoin may first fill the $75,000 gap, with its target for this cycle set at $190,000.

Analyst NoName has published a report outlining the roadmap for Bitcoin’s current cycle. He noted that the new cycle has kicked off, predicting Bitcoin will first retrace to $75,000 to fill its fair value gap, then use this level as a potential launch point to rally, ultimately targeting a cycle peak of around $190,000, with the path not being a straightforward one. The key price levels the analyst is monitoring are as follows: $75,000 as the gap fill and potential launch level, $100,000 as the first major upside milestone, $126,000 as the key level that needs to be reclaimed to retake the previous high, $160,000 as the next major target in the expansion phase, and $190,000 as his expected cycle top.

Analysis: The "garbled inscriptions" on the Bitcoin blockchain are actually test bot Babel Scribe

Galaxy Research said in a report that over the past three weeks, an actor has been writing ciphertext-like sentences to the Bitcoin blockchain roughly 40 times per day, such as "Ieqkenszm aalzrnbgtr…", but statistical analysis shows these are not encrypted. Across 562 text segments, each of the 26 letters appears at a frequency of ~3.6% to 4.2%, with a coincidence index of ~0.0385, close to random. No peak was detected in tests for Vigenère-style key lengths, and the word length distribution resembles "pseudo-prose" made of random letters. The on-chain activity of posting these "garbled inscriptions" exhibits bot-like characteristics: each transaction includes a single input, a new change address, and an OP_RETURN output. There are around 31 total fund chains, with a maximum length of 86 hops. Long texts are posted roughly every 6 hours, short ones every 90 minutes, with daily output rising from ~12 transactions to ~40. Confirmations are concentrated around UTC 05:00, 11:00, 17:00, and 23:00, with activity continuing nonstop on weekends and nights. Galaxy Research estimates the actor has spent around 3.33 million satoshis total, with ~24% used for miner fees and ~76% remaining in its own addresses with no recipients. The team has dubbed the activity "Babel Scribe", judging it to be a test of a mainnet data publishing tool rather than a secret message, and advised against further interpretation of the texts.

Analysis: The "garbled inscriptions" on the Bitcoin blockchain are actually test bots called Babel Scribe.

Galaxy Research has released a report noting that over the past three weeks, an entity has been posting near-ciphertext-like messages to the Bitcoin blockchain roughly 40 times daily, examples including "Ieqkenszm aalzrnbgtr…". But analysis shows these are not encrypted: across 562 text segments, each of the 26 letters has a frequency of 3.6%–4.2%, an index of coincidence of ~0.0385, close to random. No peaks were detected in Vigenère-style key length tests, and the word length distribution matches "pseudo-prose" composed of random letters. The on-chain activity of these "garbled inscriptions" exhibits robot-like traits: each transaction has one input, a new change address, and one OP_RETURN. There are around 31 fund chains, with a maximum of 86 hops. Long texts are produced every ~6 hours, short ones every 90 minutes; daily output has risen from ~12 transactions to ~40, confirmed primarily around UTC 05:00, 11:00, 17:00, and 23:00, with no breaks on weekends or overnight. Galaxy Research estimates the entity has spent roughly 3.33 million satoshis, with ~24% going to miner fees and ~76% remaining in its own addresses (no recipients exist). The team dubbed the activity "Babel Scribe", concluding it is a test of a mainnet data publishing tool rather than a secret message transfer, and advised against further attempts to decode the texts.

Bitcoin's Ahr999 bottom-fishing indicator has dropped to 0.5, approaching the dollar-cost averaging (DCA) zone.

Bitcoin's Ahr999 "bottom-fishing" indicator has fallen from 0.56 at the start of the month to 0.5, currently remaining in the "dollar-cost averaging (DCA) range" and approaching the 0.45 "bottom threshold". Created by ahr999, the indicator defines the zones as follows: levels below 0.45 are the bottom-fishing zone (historical undervaluation range), 0.45 to 1.2 is the DCA range, and above 1.2 is the overvaluation hold zone. The indicator is designed to help Bitcoin DCA users make investment decisions by combining timing strategies, reflecting both the returns of short-term Bitcoin DCA and the deviation between Bitcoin's price and its expected valuation. As of now, Bitcoin's Ahr999 index has stayed below the 0.45 bottom threshold for 731 days in its history.

Analyst: Bitcoin's trading range continues to narrow, with the 365-day moving average serving as a key support level on the downside.

Analyst Axel Adler Jr. noted in a post that Bitcoin prices remain in a tight consolidating range, with its 30-day high-low volatility narrowing from 13% to 6%. The cryptocurrency has now traded sideways between $80,000 and $86,000 for 9 consecutive days. Historically, sustained contraction in volatility often precedes a directional market move. Yesterday, Bitcoin found support near its 365-day simple moving average (SMA 365), then rebounded to close at $80,500, though it marked a near 30-day low. Key levels to watch going forward include the $86,000 resistance on the upside, and the SMA 365 support on the downside.

Bitcoin sees a short-term rebound, breaking through the $81,000 mark.

According to HTX market data, Bitcoin has rebounded in the short term to break through $81,000, and is currently trading at $80,968, with a 24-hour increase of 0.04%.