[Coinbase: October Crypto Market Adjustment May Be a Cyclical Bottoming Phase] Coinbase Institutional pointed out in its monthly outlook report that the crypto market liquidation events in October might signify the beginning of a medium- to long-term strong rebound rather than weakness, laying the foundation for potential gains in the fourth quarter. The report suggests that it may take several months for the market to fully stabilize, with a slow upward trend in the short term being more likely than a rapid breakthrough to historical highs. Current leverage levels have improved, but liquidity gaps remain, and capital is concentrating on EVM chains, RWA, and yield protocols, indicating that investors are selectively reinvesting in risk. Despite ongoing macro risks, structural demand has strengthened, and Coinbase believes the current phase represents a bottoming process before the next round of growth, rather than a cyclical peak.

According to Glassnode data, OG Bitcoin Whale will sell a large amount of Bitcoin in 2025, and the specific amount has not been disclosed. （Cointelegraph）

[El Salvador increased its Bitcoin holdings by 8 BTC in the past 7 days, bringing the total to 6,375.18 BTC] El Salvador has added 8 Bitcoin to its holdings over the past 7 days, bringing its total Bitcoin holdings to 6,375.18 BTC, with an estimated total value of approximately $649 million.

[Galaxy Digital Research Head Lowers Bitcoin Year-End Target Price to $120,000] Galaxy Digital Research Head Alex Thorn stated in an interview with CNBC that the optimism investors had for Bitcoin at the beginning of the year has significantly cooled, with funds flowing into areas such as artificial intelligence, nuclear energy, quantum technology, and gold. He noted that the profit opportunities in these sectors have hindered Bitcoin investment allocation. Although he remains bullish on Bitcoin in the long term, Thorn has lowered his year-end target price from $185,000 to $120,000.

["'Position-Holding Whale' Weekly Loss Approximately $39.749 Million, Win Rate Drops to 69.57%"] Hyperbot data shows that the "Position-Holding Whale" (formerly 100% win rate whale) closed all Bitcoin long positions six hours ago, resulting in a weekly loss of approximately $39.749 million. Out of a total of 23 trades, 7 were losing trades this week, bringing the overall win rate down to 69.57%.