[QCP Capital: Bitcoin's Rise Did Not Rely on Institutional Funds, No Signs of Whale Sell-Off] On October 6, QCP Capital stated that Bitcoin surpassed $125,000 over the weekend, and this rise did not rely on institutional funds, indicating strong non-institutional demand. Unlike the previous breakthrough at $123,000, this round has not seen concentrated sell-offs by whales, which may suggest that large holders have completed rotations or are holding coins in anticipation of further gains. Currently, perpetual contract funding rates are elevated, but the widening basis between spot and futures prices poses a risk of a sharp market drop.

[Early ENA Investor Deposits 5.6 Million ENA to Binance] On October 6, according to Onchain Lens monitoring, early ENA investor casualpig.eth received 5 million ENA from the official address 7 hours ago and deposited 5.6 million ENA (approximately $3.33 million) into Binance.

[6-Year-Old Withdrawal Whale Transfers 15,000 ETH to Bitfinex] According to on-chain analyst Yu Jin's monitoring, a whale address that withdrew 123,000 ETH from Bitfinex six years ago (in 2019) transferred 15,000 ETH (approximately $68.22 million) back to Bitfinex on October 6. Currently, the address still holds 85,000 ETH (approximately $391 million). At the time of the withdrawal in 2019, the price of ETH was $154, with a total value of approximately $19.04 million.

[Binance to Adjust WBETH and BNSOL Margin Price Index] Binance has announced that on October 14, 2025, at 8:00 (UTC), it will adjust the margin price source for WBETH/ETH and BNSOL/SOL from spot prices to staking redemption rates to reduce de-pegging risks. At the same time, the weight distribution of the WBETH and BNSOL price index will also be adjusted, with the relevant component weights fully tilted toward the staking redemption rates.

According to the popularity ranking, AIA's popularity has decreased by 350000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① AIA （$2.39，-1.65%） ② ZEC （$165.02，4.47%） ③ ASTER （$2.05，2.50%） ④ XPL （$0.8836，0.86%） ⑤ BNB （$1213.56，4.27%） The selling power of AIA's main funds is weak, with a net outflow of $1.6498 million in 24 hours and a transaction volume of $1.29 billion in 24 hours, of which the main funds had a net outflow of $4.324 million.