According to K33, the Head of Research at BTC, after a recent decline in leverage, prospects point toward positive growth for Bitcoin, though patience is advised. Short-term liquidity is anticipated to remain subdued as traders recover from forced sell-offs; however, similar declines in the past have often signaled market bottoms. Read more here.

K33's Head of Research at BTC predicts that following a recent reduction in leverage, Bitcoin is poised for positive growth, though patience remains essential. Short-term liquidity is expected to remain subdued as traders recover from forced selling, but historical declines have often marked market bottoms. More details can be found here.

Whale Transactions:

FTX/AlaMeda unblocked 192,936 SOL ($39.32 million) and deposited 88,131 SOL ($17.64 million) on Coinbase Prime.
Forward Industries, formerly known as, acquired 6.82 million SOL ($1.38 billion) at $232 per token and deposited 993,058 SOL ($192.08 million) on Coinbase Prime. Of this, 250,000 SOL ($50 million) was transferred to Galaxy Digital.

William Blair analysts assert that stablecoins are entering a commercial phase, initiating coverage of Circle with an "outperform" rating. They characterize USDC as a pivotal player in the stablecoin ecosystem positioned to transform cross-border finance.

76% of retail traders in Solana are currently holding long positions, suggesting a historically bullish sentiment. Meanwhile, treasury firms and institutional investors continue to purchase SOL below the $200 level. cointelegraph

BlackRock CEO says traditional financial assets expected to transition to tokenized versions over the coming decades. cointelegraph

French banking giant ODDO BHF, managing $175 billion in assets, is entering the cryptocurrency market with the rollout of euro-backed stablecoins named #EUROD. coindesk.com

Tether has issued an additional $1 billion in USDT.

Bitcoin liquidation totaled approximately $627 million over the past 24 hours, with $425 million from long positions and $202 million from short positions.

Bitcoin contracts worth approximately $627 million were liquidated in the past 24 hours, with longs accounting for around $425 million and shorts approximately $202 million.

Michael Saylor has been acquiring Bitcoin each quarter since Q3 2020 as part of his company's strategy.

Michael Saylor has been acquiring Bitcoin on a quarterly basis since Q3 2020.

The Bitcoin fear and greed index stands at 34, reflecting a cautious market sentiment.

Bitcoin's fear and greed index stands at 34, signaling a state of fear among traders.

A dormant LuBian wallet, inactive for three years, became active and transferred 9,757 BTC, valued at approximately $1.1 billion, to new addresses. This activity took place a day after reports surfaced that the U.S. government plans to seize 127,271 BTC, estimated at $14.4 billion, linked to theft from LuBian.

MegaEth to Launch Public ICO on Sonar Platform by COBIE

ZBT ZEROBASE (ZBT) to Launch on Binance Alpha and Futures on October 17, 2025. For more information, visit Binance's support page.

Glassnode reports that in the Bitcoin options market, premiums are predominantly concentrated between $115,000 and $130,000, indicating traders are expecting an upward move. The high demand for call options reflects investor sentiment that recent declines are primarily driven by deleveraging.

Bitcoin appears to be entering the late stage of its bull market, according to key on-chain indicators. The net unrealized profit/loss (NUPL) currently stands at +0.52, a level historically associated with a shift from optimism to euphoria. Short-term holders account for 44% of realized capitalization, the highest on record, suggesting long-term holders are cashing in while new large investors, or "new whales," are gaining influence. Unlike previous cycles where this shift signaled the final growth phase, recent ETF inflows, stablecoin liquidity, and institutional participation are helping to temper selling pressure, fostering a more stable form of market euphoria.

Galaxy Digital earned 250,000 SOL, equivalent to $51.69 million, on Binance.

China Merchants Bank has tokenized a $3.8 billion fund on the BNB Chain in Hong Kong. cointelegraph.com