BTC breaks through the $72000 mark

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.