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On-chain analyst Murphy pointed out that as of October 31, the total supply of short-term holders (STH, entity-adjusted) of BTC is 2.2353 million, of which 1.147 million are in a state of loss, accounting for 51.3%. The holding cost of STH shows a bimodal structure, with 1.145 million concentrated in the high-cost area of $78,000-$86,000 (accounting for 51.2% of the total STH), and 556,000 concentrated in the low-cost area of $60,000-$65,000 (accounting for 24.9%).The reduction of low-cost chips in September was the fastest, with an average daily net decrease of 6,733 coins, which significantly slowed down in October. After the Binance security incident, a reversal occurred: the high-cost chips in the range of $78,000-$87,000, which had been continuously increasing, began to decrease, while the range of $75,000-$78,000 saw a net increase of 90,000 coins within two days. Analysts believe that the black swan event accelerated the turnover and repricing of chips, forming a certain support in the $75,000-$78,000 range, which helps alleviate panic and creates resistance to declines, but is still insufficient to confirm the strength to drive the next round of increases.

According to CNBC, after the release of Alphabet's third-quarter financial report, the stock price fell more than 12% to $285, with a market value shrinking by nearly $500 billion. Despite Google Cloud's revenue growing 103% year-over-year, the market is still focused on earnings per share falling short of expectations and the negative free cash flow amid ongoing investments in AI infrastructure.Mike Khouw stated in a CNBC column that the fundamentals of Alphabet's core business remain intact, but a short-term rapid rebound faces two obstacles. First, multiple institutions have downgraded ratings, target prices, or future earnings forecasts. He pointed out that historically, stocks that have experienced concentrated downgrades tend to underperform the market or trade sideways in the following 30 days, and institutional rebalancing can also limit upward momentum. Second, the gap down after the earnings report further damaged the technical pattern.In terms of technical indicators, Alphabet's RSI has dropped to just over 20, and the MACD sell signal has strengthened. However, Khouw believes that with the stock price close to the 52-week low of $270.70, combined with an extremely oversold condition, further declines may be limited.In terms of trading strategy, Khouw suggested using a sell wide strangle options strategy to cope with the anticipated range-bound fluctuations. He believes that continued selling in the overall market poses the main downside risk, while unexpected positive news driving the stock price up rapidly could threaten the bullish call option selling side of the strategy.

The DeFi protocol Fluid has launched the DEX v2 beta version, which supports customizable collateral and debt ranges. Governance has set a borrowing limit of $50,000 for each asset for the new contracts deployed on Ethereum, while the creation of liquidity pools remains restricted.

The park is operated by ACS and has signed a 10-year master service agreement with a new cloud service provider in California, initially providing 20 megawatts of critical AI computing capacity. The client has two options for five-year renewals and holds a preferential offer for an additional 32 megawatts of capacity, with a total capacity of up to 52 megawatts.The company expects the first batch of 10 megawatts of capacity to be powered on in December 2026 and begin generating revenue.

The U.S. Securities and Exchange Commission (SEC) documents show that Broadcom (AVGO.O) arranged for financial partners to purchase AI racks based on custom AI accelerators.

According to CoinDesk, XRP treasury company Evernorth plans to raise approximately $80.7 million through a committed equity financing arrangement with a subsidiary of Cantor Fitzgerald, with funds intended for general corporate purposes, including the purchase of XRP. The company currently holds approximately 473 million XRP.Evernorth's SEC filing submitted on October 23 shows that the company has the right to sell up to approximately 5.219 million shares of newly issued common stock in batches to CF Principal Investments after meeting certain conditions. Based on the closing price of $15.46 per share on October 22, this corresponds to approximately $80.7 million; the actual financing amount depends on the number of shares sold and the transaction price, and does not represent completed financing or coin purchases.

Renowned trader Dr Profit posted on platform X, stating that whenever the price of Bitcoin (BTC) reaches the target range marked on his chart, it is an opportunity to further increase existing long positions.Dr Profit mentioned that he is currently adopting this strategy, believing that this price range should be viewed as a buying opportunity rather than a signal for panic selling.

According to Catcher Predict monitoring, in the Polymarket prediction market for the event "Dota 2: Lynx vs Power Rangers," the sub-market "Day Ends" option's win rate has experienced significant fluctuations, soaring from 50% an hour ago to the current 91% (a fluctuation of 41%). Please note the impact of relevant breaking news.

Glassnode published that the key price level for Bitcoin in the fourth quarter is still being held. The institution previously pointed out in the "Charting Crypto" report with Colin Basco and the Coinbase Institutional team that BTC faces resistance in the range of $87,000 to $87,800. Since then, the Bitcoin price has been blocked in that range and continues to oscillate and consolidate below.Glassnode believes that if Bitcoin breaks through the current consolidation range, the market may experience significant volatility, but there is still a large area of selling pressure around $90,000 above.

Cryptocurrency asset management company Grayscale posted on X: Bitcoin's volatility has decreased over the past decade as the asset has matured, with relevant background including deeper liquidity, institutional participation, and regulation.Grayscale stated that over the past year, Bitcoin's volatility has dropped to 43%, down from 81% five years ago, and is now within the volatility range of S&P 500 constituents. The company also mentioned that for investors who are already accustomed to holding highly volatile stocks, Bitcoin's price fluctuations may not be as daunting as previously assumed.

Cryptocurrency analyst Darkfost stated that after Bitcoin encountered resistance around $87,000, the MVRV indicator has fallen below the historical 30th percentile (25.7%), indicating that the market has re-entered a transitional phase after experiencing a capitulation-style sell-off.Darkfost further pointed out that this indicator does not simply measure the ratio of Bitcoin's market value to its realized value, but rather compares the current MVRV level against the historical context of its evolution. The historical time proportion corresponding to the current valuation level is only about 25%, which still aligns with the characteristics of the market accumulation range. However, Bitcoin has moved away from the extremely undervalued range, which has historically coincided with market bottoms.

According to a report by ZDNet Korea on October 15, Samsung Electronics has lowered its production plan for mid-range and low-end smartphones in the fourth quarter. The reasons include rising prices of memory chips and disruptions in the supply of glass fiber used in PCB raw materials CCL. Japan's Nitto Denko is shifting more production capacity towards T-glass for AI semiconductors, reducing the output of E-glass for smartphone PCBs, leading to supply shortages and price increases. E-glass is used in semi-cured sheets for smartphone motherboards HDI and RFPCB.The report states that after the rise in storage prices increased manufacturing costs, Samsung reduced orders for related components. Models like the Galaxy A have lower profitability, making it difficult to significantly increase production. This year, the prices of basic mid-range models have risen by more than 100,000 Korean Won compared to the previous generation. The outlook for component orders communicated to partners for the fourth quarter corresponds to an annual smartphone shipment volume of just over 230 million units, which is below the component industry's expectation of 240 million units and represents a decrease of 20% to 30% compared to before the Mid-Autumn Festival holiday. Plans for the mobile business next year have not been shared with partners as in previous years.The monthly production outlook for the fourth quarter in mid-September was 14.3 million units in October, 9.5 million units in November, and 7.6 million units in December, totaling 31.4 million units. This was adjusted at the beginning of this month to 9.9 million units in October, 7.6 million units in November, and 6.7 million units in December, totaling 24.2 million units, a reduction of 23%. While the production of mid-range and low-end models has been lowered, the shipment plans for flagship models like the Galaxy S27 at the beginning of next year remain at a high level, and the shipment volume for foldable phones is also planned to increase. The MX and Network divisions reported a loss of 735 billion Korean Won in the second quarter, with the securities industry projecting an annual loss of 400 billion Korean Won.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Dota 2: Power Rangers vs Kalmychata - DreamLeague Eastern Europe Closed Qualifiers Playoffs," the "Yes" option in the sub-market "Ends During the Day" has experienced significant fluctuations in winning probability, soaring from 50% an hour ago to the current 91% (a fluctuation of 41%). Please note the impact of related breaking news.

According to the latest ranking of stock derivatives exchanges published by RootData, the three exchanges with the largest spreads among the listed exchanges are HTX, OrangeX, and BingX, with spreads of 0.836%, 0.233%, and 0.197% respectively.It is reported that this spread is the weighted spread based on the 24-hour trading volume, and a higher value typically indicates higher trading costs.

The institutional crypto trading platform FalconX and the synthetic dollar protocol Ethena are operating a collateralized lending arrangement with a scale of 1 billion dollars, funded by the reserve assets of the stablecoin USDe. The related loans are over-collateralized, with Ethena holding the first priority collateral rights.FalconX's cumulative trading volume has exceeded 25 trillion dollars. This arrangement was disclosed by the market intelligence account msbintel and mentioned the official account of Ethena.

Analyst Murphy stated that when the BTC price drops, the liquidity provided by market makers naturally leans towards the Bid (buy side), while traders also place orders at lower prices waiting to take delivery. Data shows that the 5% depth difference in Binance's spot order book reached 80 million dollars when BTC fell to about 83,000 dollars, which is relatively higher compared to the pullback period from September 10 to 16, approaching the level during the bottom consolidation phase of BTC in July.At 83,000 dollars, the buy orders within the 5% depth range roughly cover down to 79,000 dollars, indicating that there is a thick support level in the range of 83,000 to 79,000 dollars, which may reduce the risk of the price being quickly breached. Meanwhile, the difference between the Taker's active buy and active sell transaction volume on Binance has continued to rise during the price decline, indicating an increase in active buying and a decrease in active selling. Murphy believes this shows that traders are not exhibiting obvious pessimism; not only is there sufficient passive support below, but the willingness to actively buy has actually increased during the price decline.

Renowned trader Killa stated that Bitcoin has once again failed to break through $87,000, and the 10x leveraged long position he previously established has been stopped out at breakeven. This position was part of an aggressive trend continuation trade, originally expecting BTC to break through during the second test of the high, but after the failure to break, the price returned to the entry point.Killa mentioned that he will focus on the $80,000 to $82,000 range next, looking for opportunities to re-establish the 10x leveraged long position. Currently, he still holds long positions established at $62,600 and $76,400, and there is no reason to rush into adding new long positions. He emphasized that risk management is crucial, and his existing BTC holdings are sufficient. Regarding future trends, Killa maintains a bullish outlook, expecting prices to continue rising. He believes that the current market is in a short-term oscillation, while he primarily trades based on longer cycles.

Cryptocurrency trader Doctor Profit stated on platform X that he liquidated his positions and established a large short position when Bitcoin peaked around $124,000 last year. Subsequently, he closed his positions and switched to spot buying when the market crashed in October and November, causing Bitcoin to drop to around $60,000.Doctor Profit added that he had closed all short positions in the $60,000 range and started buying spot. At the same time, a year later, he has again established short positions in the $86,500 to $89,500 range and placed large short orders in the $88,000 to $89,500 range.

Cryptocurrency analyst Darkfost stated that the Bitcoin Bull Score Index is currently still in a clearly bullish zone, with a current score of 80/100, and multiple indicators continue to support BTC's upward momentum. Darkfost pointed out that the only relatively lagging factor at the moment is spot demand.As observed earlier, the market's spot trading volume remains low, so there has not yet been a significant spot buying demand at this stage. He believes that spot demand is the missing key factor in the current BTC market trend, and this aspect is often the last to form.