Regarding the summary of the crypto world in October, is it a bull or a bear? To start, let me share a quote with you all: People can lie, but data cannot. Without further ado, let's get to the point.

A newly established wallet withdrew 584.72 BTC, approximately 63.9 million USD.

Bitcoin (BTC) Last 24 hours Net outflow 3,082.17 BTC Outflows mainly concentrated in the three major exchanges: 1.(-2,639.16 BTC), C 2.(-963.73 BTC), 3.(-588.91 BTC). Meanwhile, the largest inflow was 1,250.72 BTC.

Ethereum (ETH) In the past 10 hours Net outflow of 192 million USD This is the asset with the highest outflow of funds during the tracked period.

In the past 10 hours, Tether had a net inflow of $1,242,700, making it the asset with the highest capital inflow during the tracked period.

USDT In the last week (2025 September 2025 ) Net inflow of 2.72 billion USD to exchanges Data, marking a record single-week inflow.

Bitcoin Spot ETF On a certain day (2025 May 28, 2025 ) Net inflow of 433 million USD Data, at that time it was a continuous net inflow for 10 days.

Bitcoin Spot ETF On a certain day (2025 September 25, 202) Net inflow of 2186 BTC ( approximately 243 million USD ) Monitoring data.

Bitcoin Spot ETF On a certain day (2025 September 26, 2025 ) Net outflow of 1790 BTC ( approximately 196 million USD ) Monitoring data.

Ethereum Spot ETF On a certain day (2025 September 25, 202) Net outflow of 29,764 ETH ( approximately 1.18 million USD ) Monitoring data.

Ethereum Spot ETF A single day (2025 September 26, 2023 ) Net outflow of 50,655 ETH ( approximately 200 million USD ) Monitoring data.

Ethereum ( exchange on-chain ) Last 24 hours ( Net inflow of 7,627 ETH On-chain analysis platform data,

Reflecting the slowdown in withdrawals, below are the cost of the increased holdings of large accounts:
1. Provided the position data of St company, showing that it holds 639,835 BTC, with an average cost of 73,971 USD, and has increased its holdings by 850 BTC in the last week.

2. Bit's ETH holding situation shows that it holds 2.416 million ETH, with the latest increase of 264,000 ETH and an average cost of approximately $4,016.

3. A total of 17 listed companies hold 17.112 million SOL, and ETP products hold about 9.17-11.92 million SOL.

4. The BTC position of Enter, holding 1,058 BTC with an average cost of $108,665.

As of May 18, the total holdings of Solana treasury entities surpassed 20 million SOL, valued at approximately 4.21 billion.

U.S. Macro Outlook for Next Week: Non-Farm Payrolls to Challenge Dovish Bets, Fed Officials to Speak Collectively According to news from Jin10, Federal Reserve officials will speak collectively next week. Additionally, if the U.S. government shuts down on October 1, the employment report will not be released on time, potentially directly impacting CPI and the Federal Reserve's October meeting. Here are the key points the market will focus on in the new week (all in Beijing time):

On Monday at 20:00, 2026 FOMC voting member and Cleveland Fed President Harmack will participate in a policy panel discussion;

On Tuesday at 01:30, FOMC permanent voter and New York Fed President Williams, 2025 FOMC voter and St. Louis Fed President Bullard will speak;

On Tuesday at 06:00, 2027 FOMC voting member and Atlanta Fed President Bostic will engage in a dialogue with Delta Air Lines CEO on topics including the Atlanta economy.

On Tuesday at 18:00, Federal Reserve Vice Chair Jefferson will give a speech;

On Wednesday at 01:00, 2025 FOMC voting member and Chicago Fed President Goolsbee will give a speech;

On Wednesday at 07:10, 2026 FOMC voter and Dallas Fed President Logan will give a speech;

On Wednesday at 08:30, Federal Reserve Vice Chairman Jefferson will give a speech;

On Thursday at 22:30, 2026 FOMC voting member and Dallas Fed President Logan will give a speech;

At 18:05 on Friday, FOMC permanent voter and New York Fed President Williams spoke at a farewell seminar for Dutch central bank President Knot.

Friday 20:30, U.S. September non-farm payrolls, unemployment rate, average hourly earnings year-on-year and month-on-month.

(Important: SOL Experience Summary) The ETF President: Frank and several institutions have submitted the S-1 amendment for the spot SOL ETF, which may be approved within two weeks.

(Special note: On September 26, SOL's multiple dips in the 4-hour timeframe have held the 190 level. If the ETF is truly approved within the next two weeks or 30 days, SOL will reach new highs, targeting between 260-300.)

(The average cost of the large holders' increased positions is between 150-190, and the overall average cost is basically maintained around 175. Currently, large holders do not have much profit space in this range due to cost accounting and capital occupation costs.) In summary, it can be concluded that chips between 180-190 for SOL can be freely increased, as there is basically no downward space left.

Recently, institutions have significantly increased their spot holdings of ETH, with costs roughly between 3600 and 3950, averaging around 3750. Therefore, the actual cost accounting is around this range. If you want to short, the pressure below is expected to be quite large, and currently, the shorting range is too small with high costs. October will likely see a historical high near 5000.

The data above for BTC shows that it holds 639,835 BTC, with an average cost of 73,971 dollars.
The costs for other institutions and large holders are basically around $10, after all, the mining cost is there. So many people say that Bitcoin should drop to $60,000, which is similar to the mining cost of gold being there. Bitcoin's current market value is only $2 trillion, while the total amount of gold is $25 trillion. So how will you understand this data when you see it? There will be pullbacks for Bitcoin, but I estimate that a very large range is unlikely. Therefore, partners who want to short should think for themselves.

Let's summarize. In the short term, BTC, ETH, and SOL have been clearly discussed. Personally, I think there are a few events to pay attention to in October. The non-farm payroll data from September will be released on Friday, and we need to see if there are any new developments regarding SOL's ETF. Based on the current macroeconomic situation, there is a 90% chance of an interest rate cut happening in October, with the cut likely being 25 basis points. However, we need to wait for the data on Friday as a definitive indicator. For Bitcoin, if the price is around 10, it's a good time to buy long positions without hesitation. For ETH, it's also a good opportunity to enter long positions around 3800. As for SOL, I've been in this game for over ten years, and after going around in circles for years and losing a few hundred coins, I now fully understand human nature and the market.

Finally, let me leave you with a word: The essence of contracts is not to get rich quick, but to provide you with a continuous income. What is amplified is your capital ability, not your greed. Never go in heavily; always give yourself 10 chances to average down. The market is there every day, but you never know if you will be there.