Currently, the total market capitalization of cryptocurrencies is $3.75 trillion, with BTC accounting for 59.1%, which is $2.21 trillion. The market capitalization of stablecoins is $308.3 billion, with a recent 7-day increase of 0.39%. The number of stablecoins continues to grow, with USDT accounting for 59.27%.

Among the top 200 projects on CoinMarketCap, most have risen while a small number have fallen, including: H with a 7-day increase of 222.27%, VIRTUAL with a 7-day increase of 35.76%, AVNT with a 7-day increase of 51.05%, FF with a 7-day increase of 38.24%, and APE with a 7-day increase of 21.23%.

This week, the net inflow for Bitcoin spot ETFs in the U.S. was $446.5 million; the net outflow for Ethereum spot ETFs in the U.S. was $243.5 million.

Market Forecast (October 27 - October 31):

The current RSI index is 52.11 (neutral zone), and the fear and greed index is 38 (higher than last week, in the fear zone). The altcoin season index is 37 (unchanged from last week).

BTC core range: $104,000-116,000

ETH core range: $3,800-4,200

SOL core range: $175-210

This week, the U.S. announced a September seasonally adjusted core CPI monthly rate of 0.2%, lower than expected, easing market panic. It is expected that the overall market trend will steadily rise next week, with a focus on the Federal Reserve's interest rate decision on October 30. Although the probability of a 25 basis point rate cut in October has reached 99.6%, attention should be paid to the market's "sell the news" behavior.

Investors should closely monitor key price levels: use the above support and resistance levels as important references for your decisions. Look for buying opportunities near support levels and protect profits near resistance levels.

Pay attention to market sentiment: current market sentiment is polarized, with Bitcoin relatively strong while altcoins are more volatile. Avoid blindly chasing highs, especially during times of extreme greed in the market.

Understanding Now

Review of Major Events of the Week

1. On October 20, according to Coindesk, cryptocurrency trading platform and wallet service provider Blockchain.com is in talks to go public in the U.S. through a special purpose acquisition company (SPAC) — according to two insiders, the platform has appointed Cohen & Company Capital to provide advisory services for the potential SPAC transaction;

2. On October 23, Bloomberg reported, citing insiders, that the prediction market platform Polymarket is in early talks with investors to raise funds at a valuation of $12 billion to $15 billion, which is more than ten times its valuation four months ago;

3. On October 23, The Wall Street Journal reported that U.S. President Trump pardoned CZ, the founder of cryptocurrency exchange Binance, who has been working to support the Trump family's crypto company for months. Insiders said the president signed the pardon on Wednesday, and Trump recently expressed sympathy for the political persecution rhetoric related to CZ and others to his advisors;

4. On October 23, according to filings on the U.S. Securities and Exchange Commission (SEC) website, Osprey has submitted an S-1 application for a Solana ETF to the SEC;

5. On October 25, Bitcoin rebounded and broke through $110,000, currently quoted at $111,121, with a 24-hour increase of 0.61%;

6. Public company MicroStrategy announced that it purchased 168 Bitcoins for approximately $19 million in cash this week. As the "king of Bitcoin holdings among public companies," each of MicroStrategy's purchases is significant. However, compared to its historical purchases often exceeding tens of millions or even hundreds of millions, this purchase amount is relatively small. This may indicate that even among the most bullish investors, caution is becoming more prevalent when allocating at current historical highs.

Macroeconomics

1. On October 24, the U.S. reported a September seasonally adjusted core CPI monthly rate of 0.2%, expected at 0.30%, and the previous value was 0.30%. The U.S. September unadjusted CPI annual rate recorded 3%, the highest since January 2025, slightly below the market's general expectation of 3.1%;

2. On October 25, according to the Federal Reserve rate monitor, the probability of a 25 basis point rate cut in October is 99.6%.

ETF

According to statistics, from October 20 to October 24, the net inflow of U.S. Bitcoin spot ETFs was $446.5 million; as of October 24, GBTC (Grayscale) had a total outflow of $24.57 billion, currently holding $19.045 billion, while IBIT (BlackRock) currently holds $89 billion. The total market capitalization of U.S. Bitcoin spot ETFs is $150.255 billion.

The net outflow of U.S. Ethereum spot ETFs was $243.5 million.

Envisioning the Future

Upcoming Events

1. Blockchain Life 2025 will be held in Dubai, UAE from October 28 to 29, 2025;

2. Bitcoin MENA will take place at the Abu Dhabi National Exhibition Centre (ADNEC) from December 8 to 9;

3. Solana Breakpoint 2025 will be held in Abu Dhabi from December 11 to 13.

Project Progress

1. Vultisig will have its TGE on October 27;

2. The Ethereum Fusaka upgrade is scheduled for a final rehearsal on the Hoodi testnet on October 28;

3. The first season token airdrop claim for ZEROBASE will end on December 31.

Important Events

1. The deadline for the Mt. Gox three-phase repayment is October 31;

2. On October 29 at 8:30, Australia will announce the annual CPI for the third quarter;

3. On October 29 at 21:45, the Bank of Canada will announce its interest rate decision and monetary policy report;

4. On October 30 at 02:00, the U.S. will announce the Federal Reserve's interest rate decision (upper limit) as of October 29;

5. On October 30 at 21:15, the European Central Bank will announce its interest rate decision.

Token Unlocking

1. Sign (SIGN) will unlock 290 million tokens on October 28, valued at approximately $11.81 million, accounting for 21.48% of the circulating supply;

2. Grass (GRASS) will unlock 181 million tokens on October 28, valued at approximately $78.81 million, accounting for 72.4% of the circulating supply;

3. Jupiter (JUP) will unlock 53.47 million tokens on October 28, valued at approximately $21.25 million, accounting for 1.72% of the circulating supply;

4. Zora (ZORA) will unlock 166 million tokens on October 30, valued at approximately $15.23 million, accounting for 4.55% of the circulating supply;

5. Optimism (OP) will unlock 31.34 million tokens on October 31, valued at approximately $13.91 million, accounting for 1.71% of the circulating supply.

About Us

Hotcoin Research, as the core research institution of Hotcoin Exchange, is dedicated to transforming professional analysis into your practical tools. Through "Weekly Insights" and "In-Depth Reports," we analyze market trends for you; leveraging our exclusive column "Hotcoin Selection" (AI + expert dual screening), we help you identify potential assets and reduce trial-and-error costs. Each week, our researchers will also interact with you through live broadcasts, interpreting hot topics and predicting trends. We believe that warm companionship and professional guidance can help more investors navigate cycles and seize value opportunities in Web3.

Risk Warning

The cryptocurrency market is highly volatile, and investing carries risks. We strongly recommend that investors conduct investments based on a complete understanding of these risks and within a strict risk management framework to ensure the safety of funds.