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On October 22, a16z announced the removal of "Crypto" from the name of its flagship blockchain fund, renaming it to a16z Frontier, and long-time general partner Ali Yahya is stepping down. The announcement stated that this move does not signify a withdrawal from investing in the cryptocurrency space, but rather aims to further broaden the investment scope.The fund has previously raised nearly $10 billion, including $4.5 billion in 2022 and $2.2 billion for Fund 5 this year, making it one of the largest institutional players in the industry. When raising Fund 5 this year, a16z stated that the industry is shifting from a price cycle to a usage cycle, focusing on the infrastructure of stablecoins, on-chain finance, prediction markets, and asset tokenization, rather than merely chasing market trends.Chris Dixon, founder and managing partner of a16z crypto, will remain in his position. Investments related to crypto assets and blockchain remain one of the core directions, but the overall label and strategic focus have been adjusted to cover a broader range of frontier technology fields.

According to Bloomberg, Amazon's threat intelligence team discovered that hackers attempted to exploit related vulnerabilities days before the public disclosure of two security vulnerabilities in PHP. After the vulnerabilities were disclosed on Wednesday, hacker activities further expanded. Amazon stated that the related vulnerabilities are being widely exploited but did not disclose specific victim information.Cybersecurity company Palo Alto Networks found that there are over 22.6 million exposed instances worldwide with related vulnerabilities. Wiz researchers estimate that the vulnerabilities could affect about 70% of the internet and have existed for over a decade, while Matt Hull, Vice President of Cyber Intelligence and Response at NCC Group, warned that some vulnerable systems may have already been compromised or even implanted with backdoors.

Analyst Darkfost stated that recently, the activity of XRP whales has significantly increased, and selling pressure has notably risen. Data shows that, based on the definition of whales as addresses with single transactions exceeding 1 million XRP, the monthly inflow amount to Binance from such addresses has increased by approximately $72 million since August, reaching $112.4 million, the highest level since March of this year, surpassing the average of about $90 million over the past three months.During this period, the daily inflow amount even exceeded $400 million at one point. Darkfost pointed out that this change coincided with XRP rebounding over 30% since August, indicating that some large holders may be taking the opportunity to realize profits. Currently, the scale of whale inflows to exchanges has returned to more typical levels, showing that the related selling pressure has eased. However, subsequent trends may still change rapidly with fluctuations in XRP prices, and the flow of whale funds remains a market indicator worth monitoring.

Cryptocurrency market analyst Murphy stated that BTC has accumulated approximately 921,000 chips around the $83,000 mark, approaching the milestone of 1 million. The last time a similar scale was observed was on August 3 of this year, when the chips at that price level reached about 1.05 million.Regarding the historical Coinbase wallet chips that may be included, Murphy indicated that about 550,000 BTC are related to the Coinbase wallet consolidation from a year ago, but it is currently unclear how many positions remain. According to his estimates, there may only be 100,000 to 200,000 left, so this factor can be temporarily ignored. BTC has entered the first chip gap area below $83,000. Since the price did not fully exchange hands when passing through this area previously, the price returning to this range creates an attraction effect, prompting chips to be re-exchanged and fill the gap.BTC faced resistance when attempting to move downward and may look for a direction with less resistance again. The $83,000 mark is also an important focus in the current long-short battle; any party gaining an advantage could drive the market to form a new trend.

Galaxy Research Research Director Alex Thorn stated that since the second half of October, Bitcoin returns have been primarily driven by the Asian trading session, while the European trading session has dragged down overall performance.The chart he shared shows that as of October 20, calculated from October 1, the cumulative return of Bitcoin during the Asian trading session was 3.9%, 1.1% during the U.S. trading session, and -5.5% during the European trading session; the return for buying and holding all day during the same period was -0.7%.

CryptoQuant analyst Axel Adler Jr. stated that the unrealized profits of large short-term holders have decreased from 9.8 billion dollars on September 22 to about 4.6 billion dollars on October 20, a reduction of approximately 5.1 billion dollars within a month, representing a decline of 53%.This does not mean that whales have sold off more than half of their holdings, but rather that their current unrealized gains from holding BTC have significantly narrowed.

Bitcoin has been trapped in the range of $80,000 to $84,000 for the past two weeks. Huobi HTX's chief analyst Cloud believes that this is essentially a balance of two opposing forces: ETFs have seen a net outflow for two consecutive weeks, while exchange holdings continue to flow out, and long-term holders are only moderately cashing out. In the week leading up to the Federal Reserve's interest rate decision, Bitcoin is likely to continue waiting in this range. The CME has only priced in a 16% chance of a rate hike in October, while economists generally believe it is close to a 50-50 chance. This discrepancy in pricing and opinions will make funds hesitant to bet in advance.If a direction is chosen in advance, the possibility of a downward test is slightly higher: the funding rate remains high, and the options skew continues to lean towards puts, indicating that bulls have not yet cleared out, and the demand for downside protection is still increasing. However, there has been effective support formed multiple times below $80,000 in the past month, making a downward breakout more likely to be a false breakout.Confirmation signals for a breakout are divided into two groups: for an upward breakout, the daily close needs to be above $84,200, with a cumulative net inflow of over $500 million into ETFs for three consecutive days, and the funding rate not exceeding 15%; for a downward breakout, it must fall below $79,800, with a single-week ETF outflow exceeding $500 million, while exchange funds turn into net inflows. The true source of direction will come from the interest rate decision announced at midnight on October 29, Beijing time, and the nearly 89% pricing for a rate hike in December.Note: The content of this article is not investment advice and does not constitute any offer, solicitation, or recommendation for any investment products.

Bitcoin Treasuries posted on platform X that Fidelity, managing $78 trillion in assets, stated that the perpetual preferred shares of Bitcoin Treasury are the latest demand catalyst for BTC. Over the past year, the preferred shares have funded the purchase of over 135,000 BTC, equivalent to 0.5% of the total Bitcoin supply.Fidelity also stated that the increasing scarcity of BTC makes it a strong complement to the preferred shares.

Cryptocurrency market analyst Darkfost expressed the view that the Bitcoin market is currently in a stage of insufficient investor confidence, with both buyers and sellers hesitant. The current profit supply ratio has fallen from a previous brief breakthrough of 60% to 53.8%, approaching the breakeven line of 50%. This indicator excludes Bitcoin held for more than 10 years to better reflect the current state of the circulating market.It is not uncommon for this situation to occur at the end of a bear market. After the market experiences a phase of sell-off and capitulation, and the profit supply ratio falls below 40%, it usually takes some time to regain the 50% level. The restoration of investor confidence and the formation of new demand require time, and the market still needs to wait for investor behavior to gradually stabilize, driving continuous improvement in profit status.

According to TechCrunch, the AI meeting tool Otter.ai has secured $320 million in funding from Customer Value Fund (CVF) under General Catalyst. This funding will not dilute the company's equity, and CVF will earn returns through the performance generated by Otter.ai's marketing investments.Otter.ai plans to use the funds for business growth, market expansion, international expansion, and product innovation.

On-chain data analyst XWIN cited CryptoQuant data indicating that Bitcoin's current on-chain data is showing a significant divergence between whale behavior and the spot market. Although large holders have begun to accumulate again, demand in the spot market remains weak, and the market is transitioning from "seller exhaustion" to a potential bottom. XWIN stated that on-chain data shows positive accumulation signals. Holders of 1,000 to 10,000 Bitcoins have significantly reversed their 60-day net accumulation from negative 62,600 to positive 5,230, indicating that major whales are shifting from a distribution model back to accumulation.At the same time, the USDT reserves on the Binance trading platform have surged from about 790 million USD to 1.76 billion USD, suggesting that potential buying power in the market is increasing. However, spot buying in the U.S. has not kept pace. The Coinbase premium index is currently around -0.1416%, and weekly trading platform flow has turned into a net inflow of 8,428 BTC. Additionally, the short-term holder spent output profit ratio (STH-SOPR) hovers around 0.9982, indicating that short-term holders are still experiencing slight losses near the breakeven point and are choosing to sell.Analysts believe that while the underlying structure is improving, stronger spot demand is still urgently needed to spark a sustainable rebound. They suggest that investors focus on three key signals in the future: the trend of the Coinbase premium index, changes in exchange net flow, and whether the STH-SOPR can successfully rise above the 1 mark.

According to Cointelegraph, Bitwise Research Director Ryan Rasmussen stated that in the third quarter of 2026, the overall purchasing of Bitcoin by treasury companies slowed down, with a net increase of 1,666 BTC for the Strategy that quarter, down from 83,901 BTC in the second quarter; other listed companies had a net increase of 5,617 BTC, down from 45,725 BTC in the previous quarter. He expects corporate purchases to accelerate again as early as this year.Bitfinex Derivatives Director Jag Kooner mentioned that if the stock prices of treasury companies rise above the value of their holdings, it may restart stock purchases, but "the likelihood of returning to last year's indiscriminate financing wave is low," and funds will prioritize mature companies with scale, liquidity, and a proven track record.

According to Bitcoin Magazine, Brian Vieten, the head of digital asset research at financial services company Siebert Financial, which manages approximately $20 billion in assets, stated in a recent interview that Bitcoin will rise to $175,000 within the next 12 months, reaching that target by 2027. He noted that Bitcoin's low point of nearly $58,000 in June marked the exhaustion of sell-offs by miners, exchanges, treasury companies, and lending institutions, laying the groundwork for subsequent increases.Based on the aforementioned Bitcoin price prediction, Siebert Financial has given Strategy a buy rating with a target price of $350, and this target price does not assume mNAV expansion. Vieten believes that Strategy's digital credit engine, sticky ETF demand, and the GENIUS Act together provide Bitcoin with a "clean runway."The interview also discussed how major banks are changing the Bitcoin lending landscape, the market structure shifts brought by ETFs as sticky capital, the new demand generated by the GENIUS Act along with stablecoins and tokenization, and whether the four-year cycle is still valid.Vieten also talked about the conditions institutions need to meet before increasing their Bitcoin allocations, as well as the potential institutional FOMO that the GENIUS Act might trigger, comparing Strategy's $350 target price with younger treasury companies.

Analyst Darkfost stated that since Bitcoin reached its peak last October, its maximum drawdown has reached 54%, and the current price has dropped about 35% from the peak.During the same period, the cumulative selling pressure in the Meme coin sector on the Binance platform has exceeded 1.4 billion USD, making it one of the most severely impacted sectors in this bear market. Darkfost pointed out that Meme coins lack fundamental support, with prices primarily driven by market sentiment and cultural trends. Currently, the market capitalization of Meme coins accounts for less than 3% of the total market capitalization of altcoins, reflecting a continuous loss of liquidity in this sector. He believes that Meme coins often face greater downward pressure during market adjustments, and investors should be wary of the associated risks.

The analysis agency Sentora stated that approximately $1.63 billion in Ethereum lending platforms were liquidated in the past year, with 89% completed through atomic paths. Atomic liquidation relies on DEX liquidity. The thin liquidity pools and the existence of whitelist transfer restrictions on RWA collateral will drive more liquidations towards off-chain market makers, RFQ, and solver paths.Atomic paths refer to the completion of collateral liquidation and debt repayment within the same on-chain transaction. Common methods include flash loans, self-funding advances, or direct contract calls. In contrast, RWA is often difficult to clear instantly on DEX, and liquidations will increasingly be handled by compliant off-chain market makers through price inquiries and solvers taking over collateral before completing the liquidation.

Cryptocurrency analyst Darkfost stated that since late August, the market capitalization growth of small and medium-sized cryptocurrency assets has been the most significant, with the gap between their average monthly market capitalization and average annual market capitalization continuing to widen, currently reaching a ratio of 41%.In contrast, this ratio for BTC is about 7%, and for large-cap cryptocurrency assets, it is only 3.5%. Darkfost pointed out that this structure is relatively rare, as the market is usually led by BTC, such as after the end of the bear market in 2023. However, small and medium-sized assets are more sensitive to market changes, and trends can also reverse quickly.

Cryptocurrency analyst Michaël van de Poppe stated that the price fluctuation range of Bitcoin is gradually narrowing, and volatility is decreasing, indicating that a significant market change may be coming. However, before that, there may be a "false move." He pointed out that this "false move" could bring the Bitcoin price down to below $80,000, into the "blue box" area marked on his chart.This area has been touched once before, and if it is retested, he would not be surprised and believes it would be an ideal entry point. Regarding the conditions for an upward movement, he stated that if Bitcoin breaks through the key resistance level of $82,000, the upward momentum will begin to accelerate and is likely to move towards $90,000.

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.

Mark Newton, an analyst at Tom Lee's fund, stated in an interview with CNBC that it is currently suitable to buy technology stocks on dips, but investors need to maintain diversified allocations and be prepared for sector rotations.In the past month, cross-asset volatility has significantly increased, with the S&P 500 index recently falling about 6%, and the technology sector also experiencing notable adjustments over the past week. However, compared to the gains in September, he believes the damage to technology stocks has been relatively limited.This year, the market has consistently shown characteristics of sector rotation, initially with the energy sector rising nearly 40%, then the momentum spreading to the technology sector, and now shifting towards the healthcare sector, which has reached an all-time high. Investors need to be prepared for sector switches and maintain diversified allocations.Steve Sosnick, Chief Strategist at Interactive Brokers, reminds that even if investors do not actively allocate to AI, they may still hold a high exposure to technology stocks through S&P 500 index funds. Currently, the market remains focused on sector rotation, but he is concerned about the continued decline of technology stocks and that investors are beginning to question the return on AI investments.