Bitcoin Pops Over $124K, Nearing Historic Peak After $3.2B in Spot BTC Inflows

[Coinbase Bullish on October Crypto Market Performance] Coinbase stated that a weaker U.S. dollar, increased global liquidity, and cautious rate-cut expectations from the Federal Reserve provide favorable conditions for the crypto market in October. The U.S. government shutdown and weak employment data further strengthen market expectations for easing policies. Coinbase believes these factors could drive Bitcoin's rise until liquidity headwinds emerge in November.

[Whale Liquidates ETH for Profit, Then Shorts BTC and ETH with $4 Million Unrealized Loss] On-chain analysis shows that a whale liquidated 6,037 ETH at $4,221 on September 22, earning a profit of $11.6 million. Subsequently, the whale opened BTC and ETH short positions worth a total of $137 million on Hyperliquid, currently facing an unrealized loss of $4 million. This includes a 40x leveraged short of 800 BTC at an entry price of $120,892 and a 20x leveraged short of 8,000 ETH at an entry price of $4,502.

Next week, two crypto projects will conduct token unlocks, releasing a total value of approximately $140 million. On October 11, APT will unlock approximately 11.3 million tokens (around $63.67 million), accounting for 1.131% of total supply; On October 12, ATH will unlock approximately 1.28 billion tokens (around $71.52 million), accounting for 3.036% of total supply.

OKX-ETH/USDT is currently trading at $4599.69, with a 5-minute increase of 0.23%. Please be aware of market fluctuations.

Bitget XPL/USDT's perpetual trading volume surged 19 times within 10 minutes, with a turnover of $119 million in the past 24 hours, a decrease of 4.95% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally