bitcoin

Bitcoin Treasuries posted on platform X that Strive's SATA Bitcoin accumulation has been initiated, and sufficient funds have been raised to purchase over 1,270 Bitcoins this week. STRC is approaching a face value of 100 USD.

According to The Wall Street Journal, Matador Technologies announced that it has issued a total principal amount of $10.5 million in senior secured convertible bonds and currently holds approximately 168 bitcoins. The company funds its bitcoin treasury through common stock and secured convertible bonds.This issuance is part of its $100 million secured convertible bond program, with a remaining $89.5 million available for withdrawal in batches upon meeting regulatory approvals and other conditions. The company's average monthly cash operating expenses are currently about CAD 125,000, and it plans to further reduce this to approximately CAD 100,000. The company's shareholders will vote on the establishment of a new class of preferred stock on October 14.

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.

Darkfost posted on platform X that Bitcoin is approaching the average cost price of two types of holding groups: investors holding for 18 months to 2 years have an average cost price of about $88,350, while investors holding for 6 to 12 months have an average cost price of about $89,200.Darkfost pointed out that the cost price is the average holding cost of the group, not a natural support or resistance level; as the price approaches this range, the behavior of related investors may change, and this area can be seen as a potential risk zone. The group of investors holding for 6 to 12 months has overall been at a loss for nearly a year, with some investors possibly having bought in at market peaks; some investors may sell after breaking even, while others may continue to buy to lower their holding costs.

QCP Capital released the latest market analysis stating that BTC has broken through the previous trading range of $82,500 to $85,700 that lasted for a week, reaching a high of $86,913 during the day, the highest since September 23. It is currently trading around $85,900, up 14.6% from the low of $74,968 on September 15. QCP pointed out that during this round of increase, the annualized funding rate for perpetual contracts was only 5.4%, indicating that the market was mainly driven by spot funds rather than leveraged trading. QCP believes that this round of BTC's rise diverges from traditional macro market signals. In September, the yield on the 30-year U.S. Treasury bond rose to 5.62%, and the 10-year yield reached 5.29% at one point, while gold recorded its worst month of the year. Although rising real interest rates typically put pressure on gold and risk assets, BTC still rose.QCP believes that this market trend is more consistent with concentrated capital trading driven by institutional fund inflows, regulatory catalysts, and technical improvements, rather than purely a currency depreciation trading logic. Regarding institutional funds and regulatory factors, the U.S. Bitcoin spot ETF recorded net inflows of approximately $3.5 billion and $2.6 billion in August and September, respectively. QCP noted that the innovative exemption policy released by the U.S. SEC on September 17 provided a new regulatory catalyst for the market, but since the CLARITY Act failed to pass in the Senate earlier, market structure legislation may be delayed until 2027. Therefore, current regulatory support comes more from the administrative level, and long-term policy certainty remains limited.In the options market, yesterday's options trading nominal amount was approximately $2.5 billion, involving 54 transactions with a nominal amount exceeding $5 million each. Among them, one client sold in batches call options expiring on October 30 with a strike price of $90,000, totaling over 4,000 contracts with a nominal amount of $346 million; at the same time, they actively bought call options with the same strike price expiring on November 27. QCP believes that this operation reflects that some traders are rolling their positions from October to November to position for the U.S. midterm elections, quarterly Treasury refinancing, and market volatility around the December Federal Reserve meeting.On the macroeconomic front, the Federal Reserve will hold a monetary policy meeting from October 27 to 28. QCP stated that after Federal Reserve official Williams said there was no need to rush to adjust policies further, and with the August core PCE coming in below expectations, market expectations for maintaining interest rates in October have warmed. However, the market still expects an approximately 80% probability of a 25 basis point rate hike in December. The U.S. non-farm payroll report for September, to be released tonight, will be an important short-term test, with the market expecting an increase in non-farm payrolls of 84,000 to 93,000, an unemployment rate holding at 4.1%, and an average hourly wage year-on-year growth rate expected to be 3%.On the technical front, the support level of $82,500 has been tested three times in the past week, while $87,400 is the location of the September high and is a key resistance for BTC to further challenge $90,000. The implied volatility term structure in the options market is in a contango state, with a 7-day implied volatility of 30.3 and a 90-day implied volatility of 37.1; the 30-day risk reversal indicator is approximately -2.5 volatility points, indicating an increase in demand for short-term put protection. QCP believes that although BTC shows resilience in a macro environment of rising real interest rates, the market is still mainly driven by capital flows and position changes, and it cannot yet be considered that macro risks have been eliminated. U.S. employment data, Treasury supply, and the intensive policy events in the coming weeks may still trigger market volatility.

Crypto analyst alicharts combines long-term K-line charts of mainstream crypto assets to predict the potential peaks of various mainstream cryptocurrencies in this bull market from a technical analysis perspective as follows: The first target for Bitcoin is the previous high of $125,000. If this high is broken, it may reach the upper boundary of the ascending channel—close to $190,000. The Ethereum monthly chart shows the ascending channel it has followed over the past 5 years, with the upper boundary around $5,000 being a level to watch. If this level is broken, the expected trend will point towards $8,800.The SOL monthly chart appears to be forming a cup and handle pattern, with the neckline around $295. If the monthly close breaks this line, it will strengthen the bullish case, with the potential target of this pattern expected to be close to $2,744.

According to CoinDesk, Tether's USDT will return to the Bitcoin network this month, issued through the Tether-supported infrastructure project Utexo.With a market capitalization of nearly $190 billion, USDT is the largest stablecoin in the world, originally launched on the Bitcoin Omni protocol in 2014, and later Ethereum and Tron became its main issuance networks. Tether CEO Paolo Ardoino stated on X last week, "It's home."Utexo was established in 2025 and completed a $7.5 million financing round earlier this year, led by Tether, and has obtained a commercial license to issue USDT on Bitcoin.Utexo uses the RGB protocol with client-side validation, keeping most transaction data off the Bitcoin public ledger, with ownership anchored on UTXO. Unlike the account models of Ethereum and Tron, transaction details are fully preserved off-chain between the two parties, with the Bitcoin ledger used solely for cryptographic proof of ownership.Utexo offers three main use cases: private USDT transfers, direct exchanges between native BTC and USDT, and lending with native Bitcoin as collateral, without the need for cross-chain wrapping like WBTC.Since RGB assets are ultimately anchored to Bitcoin UTXO, Utexo cannot freeze assets like Tether can freeze Ethereum addresses, but instead maintains a blacklist of UTXO related to sanctioned or illegal activities and distributes it to exchanges and other institutions, making these UTXO non-redeemable.

Cryptocurrency analyst @AxelAdlerJr stated that the buying pressure indicator in the Bitcoin futures market has risen to 4.9, the highest since August 19; the contract open interest has increased by nearly 9,000 BTC within 24 hours.This indicator reading means that the accumulated buying pressure over the past 12 hours is nearly five standard deviations higher than the average level of the past week. @AxelAdlerJr indicated that if the Bitcoin price remains above $85,000 while the upward momentum weakens, the upward trend is likely to continue; if the price falls below $83,000, the liquidation of newly established long positions may accelerate the decline.

Renowned trader Killa stated that the current Bitcoin trend has clearly shifted, yet we are still at the peak stage of the "market skepticism bull market."In the 2023 bull market, if one went long every time there was a sweep below the "established low" (meaning a low that has been confirmed by the market and has shown support), the price only dropped a maximum of 8% below that low; in some cases, it only dropped 4-5% before immediately rebounding.Our current "established low" is 82.5K; based on historical performance, the expected downward deviation will be very small. Killa, as a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at 74,688 USD and turned to long during the market-wide decline on June 5.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin Price Prediction from September 28 to October 4" on Polymarket, the "Yes" option for the sub-market "88,000 USD" experienced significant fluctuations in winning probability, dropping from 57% an hour ago to the current 38.5% (a fluctuation of 18.5%). Please note the impact of related breaking news.

The Core Lightning team, which develops the open-source Bitcoin Lightning Network node software, has issued an urgent alert stating that reports indicate attackers are targeting nodes that have not installed patches, urging operators still running old versions to upgrade immediately. The team stated: "Emergency security update: If you are using version 26.06.7 or earlier, please upgrade to the latest release as soon as possible."Prior to this, Core Lightning began investigating a potential issue that could affect its experimental features and, in turn, impact user funds on September 16, and approximately six days later, version 26.06.8 was released. This update not only fixed several defects but also provided patches for security vulnerabilities reported responsibly by multiple parties, thanking the Bitcoin Red Team and 12 other individuals and organizations in the release notes, while also acknowledging anonymous reporters.According to the changelog, this round of fixes covers a bug that could cause sender nodes to crash, requests that could exhaust REST interface memory, and a vulnerability that could result in user funds facing confiscation losses when closing payment channels. To provide operators with ample upgrade windows and prevent attackers from taking advantage of reverse engineering and exploitation, this version intentionally obscured some testing content. Additionally, in August of this year, the project initiated a collaborative fixing process after reviewing a large number of AI-generated general vulnerability disclosure reports, and two days later released version 26.06.7 to close confirmed vulnerabilities.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin Price Prediction for October 2" on Polymarket, the "Yes" option in the sub-market "86,000" experienced a sharp fluctuation in winning probability, soaring from 19.5% an hour ago to the current 34.5% (a fluctuation of 15%). Please note the impact of related breaking news.

According to SoSoValue data, the total net inflow of Bitcoin spot ETFs is 103 million dollars.The Bitcoin spot ETF with the highest single-day net inflow is Blackrock ETF IBIT, with a single-day net inflow of 196 million dollars. Currently, IBIT's historical total net inflow has reached 65.574 billion dollars. The second is Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of 14.5904 million dollars. Currently, BTC's historical total net inflow has reached 2.979 billion dollars.The Bitcoin spot ETF with the highest single-day net outflow is Fidelity ETF FBTC, with a single-day net outflow of 60.7316 million dollars. Currently, FBTC's historical total net inflow has reached 10.866 billion dollars.As of the time of publication, the total net asset value of Bitcoin spot ETFs is 109.338 billion dollars, and the ETF net asset ratio (market value compared to the total market value of Bitcoin) is 6.43%. The historical cumulative net inflow has reached 57.598 billion dollars.

According to Bitcoin.com, blockchain analysis company Arkham Intelligence stated that it has tracked approximately 78% of the Bitcoin holdings of the Bitcoin treasury company Strategy, corresponding to a value of $55.78 billion.Among these, wallets that have been tagged hold Bitcoin worth $40.28 billion, and an additional $15.5 billion in assets has been marked within the Fidelity Custody custody system.Arkham's wallet profile shows that approximately 1,600 addresses related to Strategy collectively hold 478,199 Bitcoins. Fidelity Custody uses a pooled custody model, and the flow of funds in the addresses may reflect operational adjustments by the custodian, while the ownership of client assets remains unchanged.Strategy disclosed that it purchased 1,665 Bitcoins from September 21 to 27, costing $143 million, with an average purchase price of $85,681 per Bitcoin. As of the disclosure, it holds a total of 847,666 Bitcoins, with a cumulative purchase cost of approximately $63.95 billion, and an average cost of $75,437 per Bitcoin.

On-chain data analysis platform Glassnode stated that the sell wall above Bitcoin has disappeared. The buy orders absorbed the sell wall at the $85,000 level yesterday, which had been tested multiple times over the past week but failed to break through.Glassnode indicated that the remaining sell orders also seem to have been removed. With the reduction in sell-side liquidity above, the price may rise more quickly.

According to a report by Reuters, the International Monetary Fund (IMF) has approved a disbursement of $139 million to El Salvador, following the organization's exemption regarding the Salvadoran government's violation of conditions limiting further accumulation of Bitcoin. The IMF Executive Board completed the second and third reviews of El Salvador's $1.4 billion Extended Fund Facility (EFF), allowing for the immediate release of these funds.The IMF stated that El Salvador's economic performance has exceeded expectations, benefiting from improved security conditions and increased investor confidence. The IMF noted that some program performance standards were not met, including indicators related to Bitcoin holdings. However, after El Salvador took strong corrective measures and recommitted, the IMF approved the relevant exemptions.In September, IMF staff indicated that documents provided by El Salvador showed that the increase in Bitcoin following the initial review came from private donations rather than public funds. The IMF also stated that El Salvador has made progress in anti-money laundering measures, fiscal transparency, and transferring majority ownership and control of the state-owned digital wallet Chivo to private operators.

Volmex has launched the Bitcoin Implied Volatility Index (BVIV) perpetual contract on Hyperliquid. This contract is based on options data from Deribit and OKX, reflecting traders' expectations of Bitcoin's volatility over the next 30 days, without reflecting the direction of the spot price.Recently, the BVIV readings have been in the mid-high range of over 30 points. Each index point of the contract corresponds to a settlement of 1 USDC, using a per-position margin model, supporting a maximum leverage of 5 times, and has an hourly funding rate and a cap on the number of open contracts during the initial launch phase.

According to Bitcoin Magazine, Jack Dorsey's payment company Block has announced the launch of its first Bitcoin consumer advertising campaign, aimed at encouraging people to use Bitcoin as a medium of exchange and to make Bitcoin "everyday currency." The campaign slogan is "Some things don't make sense. Bitcoin does." The advertisements depict scenes of Americans complaining about rising living costs and Wall Street bankers receiving government bailouts.Miles Suter, head of Block's Bitcoin business, stated that the company focuses on creating financial products that make everyday life more convenient, and this advertising campaign is the first large-scale showcase of a centralized financial system for Bitcoin. The campaign will run from Thursday on YouTube, X, Meta, Instagram, and Fox Sports television channels until December 31, and will be aired before select screenings of "Avengers: Endgame" and "Dune Part 3."Dorsey left Twitter in 2021 to focus on payment business and Bitcoin adoption, and has expressed a desire for Bitcoin to become a global currency. Block's Cash App allows users to buy, sell, and send Bitcoin, while Square accepts Bitcoin payments through the Lightning Network. The company also launched a modular Bitcoin mining machine last year to reduce costs for miners in maintenance and equipment replacement.

Bitcoin Magazine reported that the CEO of the retirement account platform iTrustCapital, which has a scale of 1.3 billion dollars, stated that over 50% of the company's clients are buying Bitcoin.The CEO mentioned that investors have been continuously allocating since the price of Bitcoin fell to a low of 58,000 dollars.

Variant Fund investment partner Alana Levin stated in her market thoughts for Q4 2026 that the bottom of the crypto market likely occurred at some point in July. She wrote in early July that the bottom seemed close, with Bitcoin at $59,000, Ethereum at $1,600, and ZEC at $420. She mentioned that the question has shifted to whether the bull market is genuinely starting or if it's a false rally, and which projects will benefit the most in the early bull market, assuming the market is in the early stages of a new crypto bull market.Levin indicated that the increasingly formed consensus is that marginal funds are most likely to flow into value storage protocols as currency and protocols that can generate income. She believes Bitcoin is the dominant asset for digital value storage currently, while other competing assets may be valued based on their market capitalization relative to Bitcoin's market cap and its changes. For income-generating protocols, she expects investors to examine whether the income comes from crypto-native activities (like Pump) or traditional financial activities (like Hyperliquid), whether it persists during market downturns, and profit margins; projects with exposure to real-world assets and stablecoin growth, which are expected to attract institutional users and are still led by founders after surviving a bear market, are more likely to achieve higher multiples.She also categorized on-chain projects that can benchmark against non-crypto businesses as a third category, believing that most belong to narrative trading rather than long-term investment. Themes include routing, reasoning, computing power, data collection, and interface-related directions in artificial intelligence, and she is skeptical about whether most scenarios require blockchain; if such projects significantly outperform, she would view it as a signal of nearing the top.