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Glassnode's latest report indicates that Bitcoin has fallen back below the range of $84,000 to $85,000, a range that has blocked price increases four times this year. The inflow of funds into the U.S. spot Bitcoin ETF has significantly cooled, with a net inflow of only about $67 million in the past two weeks; the major buy orders on Binance's spot order book have also shifted down to the range of $78,000 to $79,000, with a scale of about $42 million.Meanwhile, Bitcoin's one-month realized volatility has dropped to about 25%, returning to the levels seen in the summer of 2023; since August, the realized losses triggered by each round of decline have continued to narrow, indicating that selling pressure has eased.Glassnode believes that Bitcoin is currently in a range-bound state with weak demand and limited selling pressure, as the market is focusing on the Federal Reserve's interest rate decision. If the daily close re-establishes above $85,000, it may serve as an initial signal for further rebounds; if it falls below the average cost of active investors around $77,900, attention should be paid to the cost support for short-term holders near $75,800.

Cryptocurrency hardware wallet manufacturer NGRAVE has issued a security warning, stating that it is currently facing a high-level cyber threat, and the team is actively monitoring and taking countermeasures.NGRAVE reminds users to be vigilant against phishing attacks carried out through SMS, email, counterfeit websites, and fake customer service, emphasizing that the official team will never ask users for their recovery mnemonic or Perfect Key. NGRAVE states that users' private keys are stored offline in the ZERO hardware device, and as long as the mnemonic has not been entered on a phone, computer, or webpage, related phishing attacks will not jeopardize the security of the private keys. The official recommends that users manually enter the official website domain name to avoid accessing phishing links.

Oracle (ORCL.N) launched an artificial intelligence data platform aimed at enterprise-level artificial intelligence scalable applications.

Market maker Wintermute stated that Bitcoin fell 2.43% last week, marking its third consecutive week of losses, dropping below the support level of $82,500 and testing the $80,000 mark again. Macroeconomically, rising energy prices and inflation concerns are replacing AI financing issues as the main risks in the market. Bitcoin's recent movements are highly correlated with the Nasdaq and AI-related stocks, and ETF fund flows have begun to fluctuate in both directions.Wintermute indicated that the Federal Reserve's interest rate decision and policy statements will be important short-term catalysts. If it fails to hold above $80,000, the next key support level is $76,000; if it effectively breaks below this, the price may further explore the $70,000 range. In the short term, it needs to regain the $82,000 to $82,500 range to have a chance of restoring an upward trend. If the Federal Reserve leans hawkish, the market may reassess the expectations for a rate hike in December, raising investment yields and increasing downward pressure on Bitcoin; if it leaves room for a December decision, it may create conditions for a rebound.The institution stated that before the Federal Reserve's decision and the release of the U.S. third-quarter GDP and September PCE, market directional confidence is insufficient, and caution will be maintained. If the Federal Reserve leans dovish but the PCE is higher than expected, the market may sell off tech stocks due to inflation pressure, dragging down Bitcoin. Wintermute emphasized that it is not clearly bearish at the moment, but remains cautious until Bitcoin regains the $82,500 level.

According to data from the U.S. Department of Energy, U.S. Strategic Petroleum Reserve crude oil inventories fell to 282.6 million barrels last week, the lowest level since 1982.

Long-time Bitcoin critic Peter Schiff stated that Bitcoin has started to weaken again, and the next support level may be $75,000. Bitcoin investors may face a rather tough weekend, especially ETF investors, who will have to wait until Monday to sell.

Cryptocurrency analyst Ali Charts stated that as the U.S. midterm elections on November 3 approach, investors may overlook the recurring phenomenon of Bitcoin pullbacks observed in previous election cycles. He believes that this election may once again be accompanied by significant volatility, and the downside risk is worth noting, with a key focus on the lower price level of $73,000. According to his statistics, during the U.S. midterm election cycles in 2010, 2014, 2018, and 2022, Bitcoin experienced pullbacks of 72%, 65%, 52%, and 27%, respectively.However, he emphasized that correlation does not imply causation; the election itself may not necessarily be the reason for the decline, as these pullbacks are also influenced by the overall market cycle of Bitcoin, liquidity conditions, and investor sentiment. Fourth-quarter returns also exhibit similar characteristics: in 2014, 2018, and 2022, Bitcoin fell by 16.7%, 42.16%, and 14.75% in the fourth quarter, respectively. The only exception was in 2010, when it rose by 391%, but Bitcoin was still in its early development stage at that time. Therefore, in the past four midterm election years, three of those years recorded negative returns in the fourth quarter.Regarding the subsequent trend, Ali Charts indicated that the area around $73,000 is close to the average purchase cost of current short-term Bitcoin holders, which can be used to observe the positions of recent investors entering the market. He pointed out that in an established bull market, Bitcoin often finds support near the cost of short-term holders after experiencing a significant pullback. He believes that if selling pressure accelerates after the election on November 3, pushing Bitcoin back down to around $73,000, that area will become an important position to test whether buyers are still willing to maintain the overall bullish trend. If the price continues to rebound from that area, it will strengthen the bullish judgment; in terms of operations, he will wait for signs of selling pressure exhaustion and renewed demand before considering establishing long positions.

Tom Lee, Chairman of the Ethereum treasury company BitMine, stated in an interview with CNBC on October 23 that the market is in a sell-off state, with technology and semiconductor sectors under significant pressure, while defensive sectors have strengthened, showing clear risk-averse characteristics. Tom Lee mentioned that the current market is overly pessimistic, and his technical analyst Mark Newton believes that technology stocks have basically reached support levels.

According to official news from Bitget, the platform announced an upgrade to its RWA strategy, further expanding its tokenized stock business from asset trading access to institutional-level liquidity infrastructure construction. This upgrade introduces the Super Match Engine, breaking through the traditional single model of direct connection to brokers, adopting an internal matching priority mechanism, and providing market makers with lower latency trade execution, clearer liquidity distribution, and more efficient capital utilization through exclusive quoting channels and layered depth market data. At the same time, Super Match supports differentiated order processing and market services to meet the diverse trading and operational needs of institutional traders.Previously, Bitget launched the rToken US stock transfer function on October 13, supporting over 3,000 US stocks and ETFs. Users can transfer eligible stock assets from traditional brokerage accounts to Bitget, and once the stocks are credited, they will be automatically converted into US stock spot rTokens based on the corresponding number of shares. On this basis, relying on the Super Match framework, the efficiency of US stock trading will be continuously enhanced.Bitget CEO Gracy Chen stated that the next phase of tokenized asset development is crucial for bridging the asset and liquidity channels between traditional finance and the digital asset market. Bitget will continue to improve cross-market trading infrastructure, promote the application of rToken in scenarios such as spot trading, lending, margin, and asset management, enhance asset liquidity and capital efficiency, and deepen the strategic layout of the panoramic exchange (UEX).

According to crypto analyst Darkfost, the recent reserves of stablecoins on centralized exchanges (CEX) are declining, with the stablecoin reserves on Binance reaching their lowest level this year.Data shows that the market value of stablecoins on Binance has been in a downward trend since June, decreasing by about 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not an issue unique to Binance. This outflow dynamic of stablecoins will continue to put pressure on the market, and the lack of inflow liquidity is exacerbating the current weakness. To change the situation, the market needs to see funds flowing back into CEX, which would be a sign of demand recovery.

According to Beating AI's news, a summary of an expert interview circulating in the investment community states that the next-generation foundational model of the artificial intelligence company Zhipu is not the previously rumored 1.6 trillion parameters, but rather between 2.5 trillion and 3.5 trillion parameters. The GLM-5.3 released by Zhipu in August this year still uses the previous generation foundational model, with a total of approximately 744 billion parameters; if the information is true, the new foundational model's scale is about 3.4 to 4.7 times that of the current one.The summary also states that the training has not gone smoothly, as Zhipu adopted a more aggressive model architecture, and during the pre-training period, there was a time when the loss did not decrease, meaning that computational power was continuously invested but training metrics could not continue to improve. The interviewee believes that the problem should have been resolved recently, and training is expected to be completed soon, predicting that the new model can reach flagship levels comparable to Claude Fable.The summary further mentions that the new model has taken inference speed and cost as hard constraints from the architectural design stage, with the goal of being able to provide services on a large scale from the first day of release. At the same time, multiple cloud vendors are negotiating revenue sharing to address the issue of large models being produced but not being able to supply.

According to Barchart, the daily Bollinger Bands for Bitcoin have formed one of the tightest widths in the past two and a half years. This indicates that Bitcoin is "consolidating and tightening," possibly preparing for a major market movement.Bollinger Bands are a commonly used indicator in technical analysis, consisting of three lines: the middle band, which is usually the 20-day simple moving average (SMA); the upper band, which is the middle band + 2 times the standard deviation; and the lower band, which is the middle band - 2 times the standard deviation. Historical experience shows that after a significant tightening of the Bollinger Bands, a directional breakout (either upward or downward) often follows. It is common for volatility to suddenly expand from an extremely low state.

According to Catcher Predict monitoring, in the market prediction event "Cleveland Guardians vs. Tampa Bay Rays" on Polymarket, the "Over" option in the sub-market "O/U 6.5" experienced a sharp fluctuation in winning probability, plummeting from 53.5% an hour ago to the current 37.5% (a fluctuation of 16%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Tampa Bay Rays vs. Cleveland Guardians," the option "Tampa Bay Rays" in the sub-market "Tampa Bay Rays vs. Cleveland Guardians" experienced a dramatic fluctuation in winning probability, soaring from 56.5% an hour ago to the current 88.5% (a fluctuation of 32%). Please note the impact of relevant breaking news.

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.

According to Catcher Predict monitoring, in the market prediction event "Tampa Bay Rays vs. Cleveland Guardians" on Polymarket, the option "Tampa Bay Rays" in the sub-market "Spread -1.5" experienced a sharp fluctuation in winning probability, soaring from 36.5% an hour ago to the current 58.5% (a fluctuation of 22%). Please note the impact of related breaking news.

Bloomberg senior commodity strategist Mike McGlone stated yesterday that if the U.S. stock market retracts by 20%, Bitcoin may head towards the support level of $10,000. McGlone pointed out that since 2009, the first cryptocurrency, BTC, has led the rise of risk assets, but Bitcoin breaking through the peak of $100,000 in 2025, gold rising above $5,000 in the first quarter, and most central banks shifting to a cautious stance alongside soaring government bond yields may signal the endgame.In response, crypto analyst Darkfost countered that even if the U.S. stock market experiences a 20% level retraction, there has historically been no situation that corresponds to BTC dropping about 92% from its peak; therefore, he believes this price target is "highly unlikely."