the US September CPI report is scheduled to be released tonight at 20:30. As the US government shutdown enters its fourth week and with less than a week until the October Fed meeting, the risk of inflation returning to the "3" level is influencing the prospects of consecutive rate cuts. The surge in gold and silver during the data vacuum period will also face a major test, so investors are advised to pay attention to related risks.

 according to the CryptoQuant weekly analysis, as of now, whale addresses (addresses holding 100 to 1000 bitcoins) have a total holding of about 5.16 million BTC, accounting for 26% of the circulating supply of bitcoins, becoming the most important holding group in the current market. By 2025, whale addresses have accumulated an additional 681,000 BTC, while other address groups have shown a net selling trend, indicating the trend of institutional investors absorbing chips sold by retail investors. The annual growth rate of whale holdings is 907,000 BTC, higher than the 365-day average of 730,000 BTC, indicating strong long-term demand. However, short-term momentum is weakening, and if the monthly increase rate fails to accelerate again, the price of Bitcoin may have difficulty breaking through the new high of $126,000. The current resistance level for the price of Bitcoin is at $115,000, with support at $100,000. If it falls below $100,000, it may trigger further pullback to around $75,000.

 the Bank of America's report showed that $300 million in cryptocurrency outflows, the first outflow in 10 weeks. 

according to Whale Alert monitoring, 120,084,726 USDC (approximately $120,036,692) was transferred from Binance to an unknown wallet.

as mining companies preparing to release their third quarter financial reports to the public, the latest data from September shows a significant reshuffling of the Bitcoin mining leaderboard over the past year. The rankings, once dominated by a few clear leaders, now show a new wave of medium-sized mining companies rapidly approaching the top after a year of active expansion.

 US President Donald Trump officially pardoned Binance founder Changpeng Zhao on Thursday. This decision caused a huge uproar at a sensitive moment when the federal government was shut down, with Democrats pointing directly to this move as "rewarding criminal behavior with pardons," allegedly exchanging public power for huge funds flowing into Trump's personal cryptocurrency business.

On October 24th, according to official sources, OKX will officially launch the APRUSDT perpetual contract on the web, app, and API at 2:00 PM (UTC+8) on October 24, 2025.

Matrixport released a market view stating that "the recent price trend of Bitcoin shows that the market is transitioning from a bull market phase to a consolidation phase. Although the macro environment remains supportive, including the continued easing policy of the Federal Reserve and a relatively stable overall liquidity environment, multiple technical and structural indicators show short-term fatigue. Bitcoin has fallen below its 21-week moving average for two consecutive weeks, and this moving average has always been seen as a reliable dividing line between bull and bear phases. At the same time, on-chain liquidity growth has slowed, and realized market value indicators also show a weakening inflow of funds. The flash crash on October 11 highlighted these vulnerabilities - billions of dollars in forced liquidations triggered a chain reaction in the market. The size of open Bitcoin contracts has decreased, long-term holders have started to take profits, and volatility remains low. The interaction of a stronger dollar, declining bond yields, and weak labor market data suggests that global growth momentum may slow down, which could lead to range-bound volatility for risk assets, including Bitcoin, until market confidence is restored.

according to the official announcement, Binance Alpha is the first platform to go live on the Orochi Network (ON), and Alpha trading will start on October 24, 2025 at 16:00 (UTC+8).

on-chain data shows that BlackRock's tokenized fund BUIDL deposited about $500 million in a single transaction on the Polygon network.

7:00-12:00 Keywords: US CPI, gold, CZ pardon

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 Sandeep Nailwal, co-founder of Polygon, stated on X platform that the BUIDL Fund from BlackRock invested $500 million in Polygon at once.

 according to Ember monitoring, the suspected Bitfinex address mortgaged 300,000 ETH on Aave (about $1.17 billion) to borrow 500 million USDT and transfer it out, and the funds may be used to participate in the Stable pre-deposit activity.

on the morning of October 24th, Bitcoin browser data showed that block 920472 of Bitcoin was successfully mined by a miner named Tether/Est3lar, receiving a reward of approximately 3.13 BTC. The output label on Coinbase shows "ckpool / mined by Tether/Est3lar". Earlier on October 20th, Tether/Est3lar had mined block 919923. The same payment address had previously mined on F2Pool, with a hashrate of around several hundred PH/s. According to public information, ckpool is a standalone mining software that allows miners to mine individually without running a node, enabling them to operate independently and have the chance to directly win all block rewards.

Zepz, a digital remittance service provider (which owns WorldRemit and Sendwave), has launched a new encrypted wallet on the Solana blockchain called Sendwave Wallet. In a press release, Zepz stated that the wallet will offer cross-border payment services using stablecoins to users in over 100 countries worldwide.

 according to on-chain analyst Ai Yi (@ai_9684xtpa), the "100% win rate mysterious whale" went long on 16,093.71 ETH (62.4 million USD) with 5x leverage, with an average entry price of 3862.37 USD and a floating profit of 240,000 USD. It has now become the second largest long position for ETH on Hyperliquid.

 JPMorgan analysts maintained their bullish view on gold on Thursday, expecting the average gold price to reach $5055 per ounce by the fourth quarter of 2026.

 investors are focusing on the US CPI for September, which is expected to rise by 0.4% compared to the previous month, while the core CPI is expected to rise by 0.3%. Despite the government shutdown entering its fourth week, the US Bureau of Labor Statistics will still release the inflation report to assist the Social Security Administration in setting the annual cost of living adjustment for 2026. Julien Lafargue, Chief Market Strategist at Barclays Private Bank, stated that the CPI data would need to be significantly higher than expected in order to change the market's view on the Federal Reserve cutting interest rates again. 

according to analyst Yu Jin's monitoring, a whale who received 30 million UNI investment allocation in 2020 transferred 1.882 million UNI (approximately $11.61 million) to Wintermute six days ago, and today transferred 2.5 million UNI (approximately $15.75 million) to the same address, suspected to be preparing to continue selling. The address still holds approximately 24.9 million UNI (worth $149 million).