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According to Catcher Predict monitoring, the probability of the "Yes" option in the sub-market "Myles Turner: Points O/U 11.5" for the event "Bulls vs. Bucks" on the prediction market Polymarket has experienced significant fluctuations, dropping from 50% an hour ago to the current 33% (a fluctuation of 17%). Please note the impact of related breaking news.

According to a post by Ki Young Ju, founder and CEO of CryptoQuant, on the X platform, the continuous recovery of Bitcoin's hash rate is an "indirect bullish signal" from institutional investors. He pointed out that a higher hash rate means stronger security and better value storage fundamentals, and most publicly listed mining companies are supported by traditional financial institutions (TradFi). Therefore, the rise in hash rate can be seen as institutional recognition of Bitcoin's security and long-term value. Hash rate is an indicator of the computational power of a blockchain network, representing the number of hash calculations that can be completed per second.CryptoQuant data shows that Bitcoin's hash rate has rebounded by about 45% from its summer low, rising from approximately 726 EH/s in July to about 1,050 EH/s on Wednesday. However, the global hash rate is still below the peak of 1,305 EH/s set in October 2025, when Bitcoin's price was above $111,000. On Thursday, when the U.S. stock market opened, Bitcoin's price was approximately $81,843.Publicly listed mining companies are still expanding their production capacity. Nasdaq-listed NIP Group (NIPG) announced a third batch of asset purchase agreements, which will acquire approximately 4.47 EH/s of deployed Bitcoin mining machines. After the transaction is completed, the total hash rate from the three batches is expected to reach 13.85 EH/s. The company currently ranks 16th among publicly listed mining companies with an operational hash rate of 3.11 EH/s, while Bitdeer leads with 79.9 EH/s. On Wednesday, NIPG's stock price fell 6.8% to $6.1, down 86% over the past year; affected by higher-than-expected inflation data, U.S. stocks experienced the most severe sell-off since July, with TeraWulf, Core Scientific, Cipher Mining, and IREN all seeing stock prices drop by about 12%.

According to Catcher Predict monitoring, in the market prediction event on Polymarket for "Dota 2: Dawn Bulls vs. Zero Tenacity (BO3) - EPL Masters Group B", the sub-market "Day End" option "Yes" has experienced a drastic fluctuation in win rate, soaring from 50% an hour ago to the current 91% (a fluctuation of 41%). Please note the impact of related breaking news.

U.S. online brokerage Webull, listed on NASDAQ, plans to open perpetual contract trading to eligible U.S. customers starting in November, with the first products including Bitcoin and other crypto assets, and aims to expand the scope by the end of the year.The related contracts will be listed on the Kalshi exchange, regulated by the U.S. Commodity Futures Trading Commission (CFTC), with clearing handled by Kalshi's clearing agency. Webull users who have been approved for futures trading can trade through their existing futures accounts.

Co-founder Chris Burniske stated that long-term investors should not repeatedly struggle with entering or exiting the market, but should systematically accumulate tokens over time, and not confuse long-term investing with short-term trading. He suggested using his most successful investment targets as a reference, calculating target holdings based on the total supply of network tokens.He gave an example that the total supply of ETH is about 120 million tokens. If one previously held 10 ETH, based on the network holding ratio, the total supply of SOL is about 636 million tokens, corresponding to about 53 tokens; the total supply of TIA is about 1.16 billion tokens, corresponding to about 97 tokens. If one wishes for the TIA network share to reach 10 times the original ETH holding share, approximately 970 TIA would be needed. For ZEC, since its supply is similar to BTC, the ideal BTC holding quantity can be used as a reference for accumulation targets.Regarding the current market, he noted that many crypto assets have fallen 20% to over 40% from their highs, while BTC has dropped less than 10%. He is more inclined to believe that BTC's previous relative resilience has led to significant adjustments in assets with lower risk appetite, making the current situation more like an opportunity in the early stages of a bull market rather than a warning signal of a bull market trap. He also reminded that one should consider the possibility of further price declines, suggesting to invest remaining cash in batches and determine the investment ratio based on the probability of local bottoms at different price levels; even if some preset price levels are not reached and cash remains, it can still be acceptable.

Renowned trader Killa reviewed the weekly trend of Bitcoin, pointing out that last week BTC rebounded 50% after falling from $87,000 to the $80,000 range. After the current weekly opening, the price surged on Monday but continued to face resistance, ultimately sweeping down to about $80,000, the low of the previous week.Currently, the market is mainly "hunting" for long positions, so there is a significant chance that it will start hunting for short positions next week. In the short term, it is crucial to closely monitor whether it sweeps the low of this week at $79,800 again; if it does, look for long opportunities.Killa provided a clear observation framework: if the price does not sweep the lows again, then focus should be on the $83,600 area. If it cannot break through this area, the market will continue to be in a surrender phase of range-bound fluctuations; if it can successfully reverse, then the market will break upwards. He expects that the weekly opening next week will push upwards, forcing late shorts who have recently chased the market to cover their positions. In the worst-case scenario for bulls, BTC could deviate downwards to the $76,000 to $78,000 range. The analyst also clearly stated that he does not believe an extreme situation of sweeping down to $74,000 will occur.

According to Ai Yi's monitoring, in the past month, ZEC has retraced more than 24%, but trader solanadoomer (@Boomer) still maintains a long position and has now become the fourth largest long holder of ZEC.He has gone long on 10,000 ZEC with 10x leverage, with a position value of approximately 11.36 million USD, an opening average price of 1146.86 USD, and a current unrealized loss of about 85,000 USD; at the same time, he has also gone long on 2,000 ETH with 25x leverage, with a position value of approximately 4.82 million USD, an opening average price of 2376.18 USD, and a current unrealized gain of about 68,000 USD.

Bitcoin Magazine cites the views of Jurrien Timmer, the Global Macro Director at Fidelity, stating that Bitcoin may be entering a new bull market.Jurrien Timmer stated: Based on the power law model, a new four-year cycle bull market may have already begun. Currently, there does not seem to be a clear narrative, but bull markets rarely start with a clear narrative.

According to Catcher Predict monitoring, in the market prediction event on Polymarket "Dota 2: Team Synapse vs. Dawn Bulls - DreamLeague Western Europe Closed Qualifiers Playoffs", the "Yes" option in the sub-market "Both sides defeat Roshan" has experienced a sharp fluctuation in winning probability, soaring from 50% an hour ago to the current 90.5% (a fluctuation of 40.5%). Please note the impact of related breaking news.

According to Bitcoin Magazine, crypto investor and YouTuber Lark Davis stated in a video interview with Bitcoin Magazine that although Bitcoin is consolidating in the $80,000 range, the next major cycle is just around the corner. He cited about a dozen on-chain technical indicators, including record whale accumulation and the two-week MACD, to determine that the market bottom has formed at $57,000.Davis believes we are still in the early stages of a new bull market, with opportunities in both Bitcoin and altcoins. He pointed out that Bitcoin dominates the inflow of ETF funds and mentioned the perspective of observing the market by the proportion of ETF inflow relative to market capitalization; he also discussed whether the "four-year cycle has failed," drawing an analogy with the development of gold ETFs to illustrate how ETFs are changing the market structure of Bitcoin.He described this bear market as the shortest and shallowest in history and discussed how traumatic bear market experiences make it difficult for investors to believe that the market will improve. Additionally, he mentioned the regulatory outlook for the U.S. strategic Bitcoin reserves and the Clarity Act, believing that if Bitcoin reserves are written into law, it would add legitimacy to them.

CryptoQuant founder Ki Young Ju posted on X that despite the market's attention on the adjustments to MSCI-related rules, Wall Street analysts remain generally bullish on Strategy. He noted that Citigroup, Barclays, and B. Riley have set target prices for MSTR at $240, $175, and $195 respectively, with an overall upward trend in target prices.He believes that the impact related to MSCI is primarily at the level of capital flow and has already been priced in by the market. He further stated that what is more noteworthy is that the market capitalization of Strategy compared to the net asset value of Bitcoin (mNAV) is about 1 times, the STRC price remains near par value, and the company holds $3.75 billion in reserve funds to cover dividend payments.

According to Bloomberg, the cryptocurrency market is experiencing a tug-of-war between bulls and bears, with analysts still leaning bullish, but the speculative market is shifting towards defense, putting pressure on risk appetite. Bitcoin briefly fell below $80,000 for the first time in nearly a month; affected by the sell-off in the U.S. stock market's AI sector, risk assets retreated, and the bullish sentiment that the cryptocurrency market was trying to rebuild was once again thwarted.Jeff Anderson, head of STS Digital in the U.S., stated that inflation data will "severely impact risk appetite," and the market is entering a quiet period before the Federal Reserve's interest rate meeting, with interest rate expectations still uncertain. Nick Forster, founder of Derive.xyz, mentioned that in the past 24 hours, the market's pricing of Bitcoin's probability of rising to $100,000 before Christmas has decreased by 2.8 percentage points to 9.7%; long-term bullish bets have quickly retreated, short-term hedging demand has surged, and institutions are reassessing macro risk exposure as the interest rate outlook becomes unclear again.

According to Catcher Predict monitoring, in the market prediction event "Dota 2: Lynx vs. Dawn Bulls" on Polymarket, the "Yes" option for the sub-market "Both sides defeat Roshan" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90.5% (a fluctuation of 40.5%). Please note the impact of related breaking news.

Cryptocurrency analyst Darkfost stated that there has been no substantial change in the technical assessment of Bitcoin. The fifth wave of the first wave has ended at the expected position, and the second wave adjustment may be coming next. This adjustment wave could drop to $74,600, corresponding to the usual 0.382 Fibonacci retracement level.Currently, Bitcoin has fallen below the 21-period EMA and is at the support level of the 50-period EMA, which is seen as a strong support; the 200-period EMA is around $75,800, leaving some space from the current price. The RSI has returned to the neutral level of 50, but the gap with the 14-period SMA has widened.Darkfost believes this indicates that a corrective rebound in wave B may occur before the final wave C arrives. He stated that there are currently no concerning signals, and the mid-term trend of Bitcoin remains positive.

Arthur Hayes stated on the X platform that he is uncertain whether AI-related assets will experience a significant drop and is unwilling to bet on their direction of rise or fall.He prefers to trade around the expected eventual multi-trillion dollar bailout and expresses a bullish stance on BTC and ETH.

According to Bloomberg, Michael Saylor, the founder of Strategy, stated in an interview that the cryptocurrency market crash of the past year has ended, and the market is entering a bull market, with Bitcoin expected to break $100,000 again. He pointed out that Bitcoin previously bottomed out just below $60,000 and is currently moving towards above $80,000, expecting an annual growth rate of 20% to 30% for Bitcoin in the coming years.Saylor also mentioned that Strategy may continue to increase its Bitcoin holdings and issue credit products during the bull market. Additionally, it has been reported that MSCI is considering adjusting index rules and may remove Strategy from its global equity benchmark index, with a decision expected to be announced on Friday. Saylor expressed disappointment regarding this, believing that the stance shows bias against digital assets, and hopes MSCI will reconsider.

CryptoQuant founder Ki Young Ju posted that the Bitcoin bear market cycle has ended, and a bull market or sideways consolidation is expected in the next 12 to 24 months.Previously, on March 18, 2025, he predicted that the Bitcoin bull market cycle would end, leading to a bear market or sideways consolidation for 6 to 12 months, and now officially announces the end of that predicted cycle.

JackYi (@Jackyi_ld) posted an analysis, stating that Bitcoin currently has strong support at the 400-day moving average at $81,000, and it has quickly rebounded each time it touches this level during a pullback; $84,000 serves as the resistance level for the 20-day moving average, and if it breaks through, it will test the strong resistance level at $86,500.Currently, Bitcoin is in a downward trend on the 15-minute, 1-hour, 4-hour, and daily charts, but the larger cycle is still in a bullish uptrend. This stage is considered a phase pullback during an upward trend, so it is recommended to be patient and avoid frequent trading.

According to Bitcoin Magazine, Lorenzo Valente, the Director of Digital Asset Research at Ark Invest, stated in a video interview with Bitcoin Magazine that despite Bitcoin's lackluster performance and even decline this year, Ark Invest has not changed its long-term view, still considering Bitcoin over a five-year cycle and believing its development is still in the early stages. He also introduced Ark's Big Ideas report and discussed Bitcoin's role as digital gold and a permissionless currency.Valente pointed out that the rise of stablecoins has changed Ark's judgment on the emerging market Bitcoin narrative. He also talked about the rise of tokenized stocks and real-world assets, as well as the functionalities that tokenized stocks can achieve that traditional brokerage accounts cannot.Additionally, he mentioned the impact of rising interest rates, inflation, and AI on Bitcoin's macro outlook, and explored which tokenized business models will ultimately prevail, as well as the possibility of tokenizing U.S. assets for offshore markets.Regarding the market outlook, Valente provided Ark's perspective on Bitcoin's future over the next 12 to 18 months and discussed the four-year cycle and key points to watch moving forward. Ark's Big Ideas report set a Bitcoin price target for 2030, and the reasons why institutional funds are still on the sidelines were also among the topics he discussed.

10x Research published that Bitcoin option prices have fallen to a five-year low, with near-month implied volatility at 33.5%, more than 4 percentage points lower than actual volatility, indicating that option pricing is relatively cheap. In the past week, the skew of Bitcoin options has decreased by nearly 3 percentage points, with traders focusing on buying put options expiring in October with strike prices of $78,000 and $80,000, with single large trades reaching up to $204 million.10x Research believes this indicates that investors overall still hold long positions while hedging downside risks through options, rather than fully turning bearish. In contrast, the Ethereum options market shows different signals. Its largest corporate buyer has indicated that it will stop buying in the coming weeks, with options trading primarily dominated by sellers of call options, and implied volatility higher than actual volatility.