Members of the Bank of Japan say timely interest rate hikes are needed to complete policy normalization

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin volatility continued to contract, with the 30-day spread decreasing from 13% to 6%, and the price fluctuating between $80,000 and $86,000 for nine consecutive days. Bitcoin found support at the SMA 365 and rebounded, closing at $80,500, with the key resistance level above at $86,000.

A University of Michigan survey released on October 23 showed that U.S. household inflation expectations for the next year rose to 4.7%, with long-term expectations rising to 3.5%, and the consumer confidence index at 48.0. This data was released ahead of the Federal Reserve's October 27-28 policy meeting, and the market is focused on the impact of tightening policies on crypto assets.

From October 22nd to 23rd, Bitcoin spot ETFs saw a net outflow of $773.5 million, while the price of BTC fell by 3.45% during the same period. On-chain data shows that the holdings of Bitcoin whales over the past one year increased from -282,000 BTC to -39,000 BTC, accumulating a purchase of 243,000 BTC in less than three months. Axel Adler Jr. pointed out that BTC's MVRV percentile hit 0% at $59,300, rebounded to 32% at the end of September, and then fell back to 25%, indicating that the market is in an accumulation phase; since September 22nd, exchanges have seen positive net outflows, the available supply has contracted, and the 30-day open interest index in the futures market has risen from -0.5 to +0.3.

CoinDCX discovered a system anomaly on October 21st. An investigation confirmed that the old wallet infrastructure, which was abandoned in July 2025, was affected, resulting in a loss of 15.99 million USDT due to a malfunction in the automatic funds aggregation service. CoinDCX will bear all losses. CoinDCX's existing wallets and trading systems were unaffected; user funds are securely stored in cold wallets, and trading, deposit, and withdrawal services are operating normally.

Binance Futures will launch pre-market trading of PREDICT USDT perpetual contracts on October 25th at 15:45, with a maximum leverage of 5x.