[Intensive Macro Events May Affect Easing Expectations, Bitcoin Leverage Decline Supports Rebound] HTX Research analyst Chloe pointed out in the HTX DeepThink column that this week is packed with macro events, including speeches by Federal Reserve officials, the release of the Beige Book, and U.S. September PPI and retail sales data. These key indicators may influence market expectations regarding the pace of easing for the remainder of the year. According to FedWatch data, the market is still betting on 1–2 rate cuts within the year, putting short-term pressure on the U.S. dollar and potentially leading to a flexible release in the valuation of risk assets. In the crypto market, Bitcoin's leverage ratio has significantly declined from its monthly high, with the market entering a "healthy deleveraging" phase. Risk exposure has decreased, accumulating momentum for a subsequent rebound. It is expected that in the next 1–2 weeks, Bitcoin's price will fluctuate within the $108,000 to $118,000 range, gradually building a new price platform.

[Mastercard Applies for Virtual Asset Payment Processing Trademark] According to reports from Jinse Finance, Mastercard has submitted a trademark application related to 'virtual asset payment processing,' indicating its strategic positioning in the digital asset sector.

[Perpetual Contract DEX Open Interest Drops to Multi-Month Low] According to Jinse Finance, following the market crash on October 11, the open interest of perpetual contract DEXs plummeted from $26 billion to less than $14 billion, hitting its lowest level in several months.

[WisdomTree to Launch Physically-Backed XLM ETP in Europe] WisdomTree announced plans to launch a physically-backed XLM exchange-traded product (ETP) in Europe in 2025, with a management fee rate of 0.5%. The product has been listed on the SIX Swiss Exchange, as well as Euronext Paris and Amsterdam, and is scheduled to go live on Deutsche Börse Xetra on October 15.

According to the 1-hour cycle display, the current BTC price is below the EMA24 and EMA52 moving averages, showing a clear weak pattern. It is worth noting that there have been no large market orders in the past 6 hours, and the "silence" of this main behavior often indicates that the market is about to choose its direction. Combining KDJ golden cross with RSI oversold signal, the probability of short-term rebound is increasing. From the perspective of trading volume, the current trading volume has surged by 66% compared to the daily volume of 10 days, and market participation has significantly increased, but there is a lack of main capital guidance. This kind of retail led market is often difficult to sustain. Open membership immediately, stay informed about the main trends, and seize the best entry opportunity! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.