bull

Gate will hold the "RACING THE FUTURE Vol 3" special event at the Singapore F1 circuit on October 8, inviting Laurent Mekies, CEO and Team Principal of the F1 Red Bull Racing team, along with over a dozen VIPs and high-end clients for exclusive discussions. The event will take place in the core area of the Singapore circuit, where Laurent Mekies will engage in face-to-face conversations with guests about the core strategies, event operations, and behind-the-scenes stories of the Red Bull Racing team, sharing the practices and experiences of a top racing team both on and off the track.This event will adopt a small-scale, targeted invitation format, placing the communication scene in the unique setting of the F1 circuit to provide VIP users with a deeper and more exclusive communication experience. As the official sponsor of the F1 Red Bull Racing team, Gate not only reaches a global sports audience through event collaborations but also further integrates top racing resources into user services and brand communication scenarios, offering VIP users exclusive opportunities to access international top sports resources and understand team operations and competitive decision-making.In addition, Gate will also host an F1 Red Bull driver meet-and-greet during TOKEN2049, inviting F1 World Champion and Red Bull Racing driver Max Verstappen and teammate Isack Hadjar to appear at the Gate Lounge, where they will interact with fans through autographs, photos, and engagement. By covering diverse scenarios such as driver interactions, management discussions, and high-level dialogues, Gate will further deepen its cross-border collaboration with the F1 Red Bull Racing team and expand the connection between digital assets and global sports, technology, and mainstream culture.

CryptoQuant CEO Ki Young Ju posted on the X platform that this round of the Bitcoin bull market will bring a 3-5 times increase, rather than another round of parabolic surge exceeding 10 times, followed by a milder bear market.Ki Young Ju pointed out that in this cycle, the MVRV has never fallen below 1. Even at the lows, BTC has remained above the average on-chain cost basis for holders. Some investors have incurred losses, but overall holders have never fallen into a loss.

David Hoffman, the founder of the crypto media Bankless, stated in a post on X that if Bitcoin's daily closing price surpasses 86,600 USD, it will release a strong signal; if it further surpasses 87,400 USD, it will be an extremely bullish signal.

According to the official announcement, Gate will hold an F1 Red Bull driver meet-and-greet during TOKEN2049 in Singapore on October 7. As the official sponsor of the F1 Red Bull Racing team, Gate invites F1 World Champion and Red Bull Racing driver Max Verstappen along with teammate Isack Hadjar to appear at the Gate Lounge, where they will interact with fans through signing sessions and photo opportunities.According to the event schedule, the meet-and-greet will take place on October 7 from 18:30 to 19:30, with both drivers present at the same time, allowing guests to complete signing and photo sessions in turn. This event is also part of Gate's series of activities at TOKEN2049 Singapore, where Gate aims to further expand the connection between digital assets and global sports and popular culture through cross-industry collaboration with top motorsport.From October 7 to 8 during TOKEN2049 in Singapore, Gate will also set up a brand booth and exclusive Lounge on-site. Gate's founder and CEO Dr. Han will deliver a keynote speech on the main stage of the event. Through the global influence of the F1 Red Bull Racing team, Gate will extend the reach of its digital asset brand into a broader international sports context, further promoting the exchange between Web3 and mainstream culture.

According to Bitcoin Magazine, Bitcoin futures open interest has risen above $50 billion for the first time this year.David Lawant, Head of Research at Anchorage Digital, stated that this is not a warning signal of excessive leverage, but rather a reflection of market vitality, noting that the increase in spot trading volume and the thinning order book point to an early stage of recovery in the Bitcoin market.In his analysis, Lawant introduced the liquidity absorption ratio and explained how to identify shifts in Bitcoin market mechanisms. He mentioned the Bitcoin options market, which is approximately $60 billion in size, and the volatility curve, explaining why short-term Bitcoin volatility remains elevated through 2026, as well as what information options data can provide that prices themselves cannot reflect.He also shared Anchorage's experience with backtesting 37,000 covered call options and discussed how ETFs and treasury companies are changing the price discovery process for Bitcoin.

According to The Block, Bitmine Chairman Tom Lee stated at the 2026 Korea Blockchain Week that the upcoming bull market could become the largest cycle to date.

Renowned trader Killa posted that the current market trend is popular for comparing Bitcoin's movement with the pullback after the rebound to $25,000 in 2023, but there are significant differences in market structure between the two. In 2023, BTC only formed an equal high around $25,000 and failed to effectively close above that level, subsequently dropping quickly. In contrast, BTC has currently formed a higher high on the weekly level and is oscillating above the previous high after the breakout.Additionally, the maximum drawdown in the last bear market was about 77%, while this round is approximately 54%. Killa believes that if diminishing returns and the pullback amplitude gradually narrow are considered, the main correction in this bull market may be closer to 10% to 15%, corresponding to about $78,000 and $74,000, respectively. Killa stated that even if the price repeats a similar trend, it may not necessarily break below the previous low as clearly as in 2023. Currently, the open interest has been reset, and the price remains above the previous high, which he views as a relatively healthy market structure. He has not positioned for a significant pullback and still targets the $90,000 range.

Dan Tapiero, founder and CEO of 50T Funds, stated that the core assets in the digital asset space have entered a new bull market phase. He pointed out that the real revenue growth within the industry comes from stablecoins, tokenization, and companies like Kraken, Ledger, and Polymarket, which form the underlying fundamentals supporting the current market.Tapiero mentioned that Hyperliquid has been leading this bull market. Regarding investment choices, he revealed that he had previously opted not to invest in FTX, Celsius, and BlockFi due to valuation issues; he is currently raising $500 million for the 50T Fund and has invested $42 million in MoonPay. On a macro level, he is focused on themes such as Japan's 30-year government bonds and believes that in currency devaluation trades, Bitcoin and gold will hold an advantage in the long term.

Cryptocurrency analyst Ali posted on platform X, stating that ETH seems to be forming a bullish trend on lower time frames, as long as $2640 continues to act as a support level, this pattern remains tilted towards the bulls.Ali further pointed out that the current focus is on the $2700 level. If ETH closes above $2700 on an hourly basis, it may confirm an upward breakout and open up further space to test $3000.

JackYi (@Jackyi_ld) analyzed that this round of BTC pullback closely aligns with its prediction made 20 days ago, when it had already warned that BTC would face significant resistance around 86K and suggested taking profits at that position.JackYi emphasized that the pullback does not change the overall trend of the bull market; in the early stages of a bull market, there are opportunities everywhere, and high-quality assets will rise in turn. Investors should forget setbacks, filter out noise, and focus on finding long opportunities.

Cryptocurrency KOL and former FTX community partner Benson Sun stated that he expects the current Bitcoin market to show a gradual new high slow bull trend, rather than forming a clear top after a rapid short-term rise like in 2013 and 2017. Before the true cycle top arrives, the market may experience multiple local top signals. He believes that after 2021, the main buyers of BTC have gradually shifted from retail investors to institutions such as publicly listed companies, spot ETFs, and corporate treasuries.Since institutions mainly buy spot, some funds will also use Delta Neutral strategies for arbitrage, and traditional indicators such as funding rates and MVRV Z-Score may not rise to extreme levels again at the cycle top. Recently, the cycle top is more likely to manifest as institutional funds losing momentum rather than retail sentiment becoming overly heated. The Institutional Liquidity Index (ILI) mainly references overall dollar liquidity, the mNAV of Strategy, and the net flow of Bitcoin ETFs to determine whether institutional funds follow up when BTC reaches new highs. When BTC sets a new rolling 30-day high while ILI does not rise simultaneously, it constitutes a yellow divergence; when BTC breaks historical highs while ILI diverges and is below 50, it constitutes a red divergence.Benson Sun indicated that he would use the frequency of yellow divergences as a reference for judging the cycle process: each occurrence would lead to a proper reduction in altcoin positions and leverage; as the market enters the later stages, he would gradually increase the proportion of BTC and ultimately retain only spot. If a red divergence occurs, he would stop participating further.

CryptoQuant analyst Axel Adler Jr. stated that the 30-day moving average of the adjusted MVRV crossed above its 365-day moving average on August 20, indicating that Bitcoin entered an early bull market phase, with a price at that time of $71,255. This phase lasted for 31 days, during which Bitcoin rose by 13%.

Cryptocurrency exchange operators Bullish, Equiniti, Alpaca, Apex Fintech Solutions, and Drivewealth established the Issuer Sponsored Token Coalition on September 24, promoting a direct link between on-chain tokens and the official shareholder register of listed companies.The coalition aims to grant token holders voting rights, dividends, stock splits, and other corporate action rights, and will study the interoperability of technical standards, settlement, custody, and traditional market infrastructure with blockchain. Members plan to meet with listed company issuers at the New York Stock Exchange on October 27.

Liquid Capital founder Yi Lihua posted on platform X, stating: "The market has risen to the $86,000 resistance level, facing a normal pullback, but in a bull market, one should not short. Be patient and wait for the next buying opportunity.In terms of specific opportunities, ETH is stronger, trading infrastructures like UNI, HYPE, etc., are recognized as necessities, and ZEC is a strong asset."

Cryptocurrency analyst Ali posted on platform X, stating that in the past five days, XRP whales have accumulated over 470 million XRP, worth approximately 724 million dollars.At the same time, the daily chart of XRP continues to form a "head and shoulders bottom" pattern, indicating that a bullish breakout may be approaching.

Tom Lee, the chairman of the Ethereum treasury company BitMine, stated that cryptocurrency concept stocks have led the way in the third quarter, viewing this as a signal for the start of a bull market. This cycle is different from the past ones driven by ICOs, NFTs, meme coins, and stablecoins, as it now includes tokenization, AI, and a more favorable regulatory environment, with broader participation in funding.After years of consolidation, the market may welcome a clearer breakthrough, with upward potential possibly exceeding previous cycles. Tom Lee also expressed optimism for Ethereum, believing it will strengthen due to Wall Street's tokenization implementation, and thinks ETH has a chance to challenge its previous high within the year.

CryptoQuant analyst Darkfost stated that the cost basis of short-term holders (STH) of Bitcoin has confirmed a crossover above the cost basis of active long-term holders (LTH), indicating a shift in market momentum. Based on this, he judges that the Bitcoin bull market has been confirmed. This is the 5th occurrence of this signal in history, but he emphasized that there is still a possibility of misjudgment regarding the relevant indicators."Active LTH" is defined as long-term held supply that has moved at least once in the past 7 years, to exclude long-term dormant or illiquid BTC. Currently, over 3.5 million BTC that have been held for more than 10 years remain dormant, with this portion of supply increasing by an average of about 8,000 to 30,000 BTC per month. Since 2019, this indicator has only shown negative growth once, due to an early miner reactivating and transferring about 100,000 BTC, which is considered a relatively isolated event. Darkfost believes that this signal currently reflects positive changes in the Bitcoin market, with ETF liquidity inflows being one of the driving factors.

Famous trader Doctor Profit stated that he has increased his Bitcoin short position to 13 million dollars, expecting BTC to undergo a correction, with a target price of 79,000 dollars.He will decide the next steps based on price performance after Bitcoin reaches that level. He emphasized that this short position does not indicate a bearish outlook on the long-term trend. He believes the Bitcoin bear market has ended, and the current expectation is merely a phase adjustment within the bull market; after the correction ends, the Bitcoin bull market will continue.