1.59 million $BTC piled up here! The battle between bulls and bears is about to begin 84,600—this is BTC’s most critical zone right now URPD on-chain data: A cumulative 1.59 million BTC changed hands in this range, with approximately 1.52 million BTC piled up here, accounting for 12% of the total supply. Price fell from 90,000 to 81,000 before rebounding to 82,500, repeatedly testing the edge of the dense zone—the approach each time is a battle of attrition between bulls and bears. Bullish ammunition: Whales accumulated 86,702 BTC over three weeks, while exchange balances fell to their lowest level since 2023. Funding rates have turned negative across the board, with shorts beginning to pay longs, and the leverage structure has been cleared out. As long as 83,000 holds, this is just a shakeout. Bearish threat: A US government address transferred more than $1.5 billion worth of BTC to Coinbase Prime, while US spot BTC ETFs saw net outflows of more than $700 million over the past three days. Selling pressure during the US session is real. Once underwater holders above 84,600 break even and flee, the dense zone could instantly turn into a selling-pressure zone. My view: Watch three price levels—82,400 as short-term support, 83,300–84,600 as the core battleground, and 80,000 as the line in the sand. The dense zone will likely continue to be repeatedly shaken out, but the on-chain holder structure remains bullish. Holding 82,400 would mean building strength, with 87,000 as the initial target; a breakout would open room toward 90,000. #9月FOMC纪要公布，多数官员倾向再加息 #BTC现货ETF创近三个半月最大单日净流出 $BTC ‌$ETH ‌

ETF: BTC, ETH, and SOL spot ETFs saw net outflows, while XRP saw net inflows on October 8th. $BTC: -$244.00M $ETH: -$72.54M $SOL: -$3.32M $XRP: +$8.17M

Looking at Ethereum’s current market, it’s actually exactly like shopping at a farmers’ market. ETH gets 2980 new units every day, just like fresh goods arriving at the market daily. There used to be a big buyer coming every week to sweep up most of the goods, naturally supporting prices. But two days ago, it announced that it would stop after buying 5% of the total supply—that’s a hard rule. It has already accumulated 4.9%, so at this pace, it will stop buying in six or seven weeks at most. More troubling is that the institutions following its lead have also been pulling out one after another recently, withdrawing 640 million. On one side, supply keeps coming in; on the other, the biggest buyer says it’s leaving, and the followers are running too. What can support the price under these circumstances? BTC and ETH have been plunging recently, with $970 million liquidated in 24 hours—all of it forced liquidations of people chasing the highs. Who is actually providing real money to buy the dip will always matter more than staring at the red and green lines on the screen. #BTC #以太坊 $BTC $ETH