BTC $81,788.12 -2.78%
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BNB $733.03 -1.72%
XRP $1.33 -3.35%
SOL $104.73 -2.30%
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DOGE $0.0795 -3.61%
ADA $0.2162 -4.37%
BCH $275.01 -4.18%
LINK $12.06 -3.22%
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AAVE $148.82 -4.38%
SUI $0.9844 -4.73%
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ZEC $1,248.53 -5.14%
AAPL $343.72 +0.80%
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MSFT $524.11 -1.17%
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TSLA $386.55 +0.23%
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INTC $86.99 -5.98%
SPCX $150.58 -7.04%
MU $874.94 -4.10%
AMD $513.63 -6.00%
BTC $81,788.12 -2.78%
ETH $2,410.06 -2.86%
BNB $733.03 -1.72%
XRP $1.33 -3.35%
SOL $104.73 -2.30%
TRX $0.3303 -0.35%
DOGE $0.0795 -3.61%
ADA $0.2162 -4.37%
BCH $275.01 -4.18%
LINK $12.06 -3.22%
HYPE $78.34 -2.81%
AAVE $148.82 -4.38%
SUI $0.9844 -4.73%
XLM $0.1771 -3.99%
ZEC $1,248.53 -5.14%
AAPL $343.72 +0.80%
AMZN $252.37 -3.52%
GOOGL $327.37 -1.62%
MSFT $524.11 -1.17%
META $653.78 -7.99%
NVDA $213.49 -2.97%
TSLA $386.55 +0.23%
SNDK $1,304.08 -5.23%
INTC $86.99 -5.98%
SPCX $150.58 -7.04%
MU $874.94 -4.10%
AMD $513.63 -6.00%

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CryptoQuant: The supply and demand pattern of BTC is changing, but a strong recovery still faces challenges

CryptoQuant's latest analysis indicates that while Bitcoin has support, the recovery process is uneven. First, regarding exchange reserves, it has risen from about 2.67 million BTC at the beginning of October to about 2.68 million BTC, still far below January levels. Low reserves do not mean that supply is continuously shrinking; transfers may reflect custody changes, and the increase itself does not prove selling pressure. Secondly, the recovery of spot demand has been hindered, with 30-day spot demand once approaching zero before turning negative again. Perpetual contract demand is positive, supporting overall demand.Finally, the behavior of whales is diverging. Addresses holding 100 to 1,000 BTC have still net accumulated over the past 60 days, but this is below the peak at the end of September; the group holding 1,000 to 10,000 BTC has seen a net decrease approaching zero; and the group holding over 10,000 BTC is negative. Accumulation is not fully underway. CryptoQuant believes that conditions still exist to support Bitcoin's bottoming out. For a solid recovery to occur, sustained spot demand support is needed, buyers must be able to absorb the BTC flowing back to exchanges, and accumulation behavior should spread to more holding groups. Market expectations regarding the U.S. midterm elections and monetary policy must translate into actual buying behavior. The key is whether price increases can attract a growing and lasting group of buyers.

first_img Samsung Electronics lowers the production of mid-range and low-end smartphones in the fourth quarter, as the supply of PCB raw materials is hindered

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.
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