Market Overview Highlights from Last Week
Alpha Juejin: BTC bottomed out at $102,100 on October 11, stopped falling, and began a gradual recovery trend, with the overall structure showing a pattern of "low-level consolidation → short-term rebound"; ETH rebounded from a low of about $3,680 on October 13, encountering short-term resistance above $3,980. Among altcoins, ENA surged over 15.09%, becoming the most eye-catching token; TAO and PAXG also recorded increases of 8.93% and 5.19% respectively, rising against the trend in the short term.
On-chain funds: The Starknet ecosystem is gradually recovering, launching Bitcoin staking, institutional onboarding, and a 100 million STRK incentive program centered around "BTCFi", TVL

crypto market panorama
BTC (+1.96% | Current price 110,160 USDT): In the past 24 hours, the crypto market has experienced a significant recovery, with the total market capitalization returning to approximately $3.87 trillion, an increase of about $150 billion in a single day. Bitcoin has broken through the $111,000 mark, rising nearly 2% during the day, with bullish sentiment clearly warming up. From a technical perspective, Bitcoin's daily K-line has recorded three consecutive bullish candles, and the MACD death cross is further narrowing, indicating that bearish momentum is weakening and bulls are gradually gaining the upper hand. The price has successfully broken through the 5-day moving average and has gained support near the 10-day moving average. If it can maintain its current position, it is expected to further open up upward space. Overall, this round of rebound is closely related to favorable macro news—the market expects that the two major global economies are likely to reach a fair trade agreement in the coming week, thus alleviating risk-averse sentiment. Bit.

Crypto market panorama
BTC (1.38% | Current Price 108,381 USDT): The price of BTC, after experiencing a significant drop around October 17, found temporary support near $103,500 and subsequently launched into a consolidation rebound. The short-term moving averages (MA5, MA10) achieved a golden cross upwards on October 19, driving the price to break through the $108,000 level, but faced some selling pressure in the $108,500–$109,000 region. On October 17, the net outflow of BTC ETF reached $366 million in a single day, with BlackRock's IBIT inflowing $268 million and Fidelity's FBTC outflowing $67.4 million.

encryption assets panorama
BTC (1.38% | Current Price 108,381 USDT)
The BTC price, after experiencing a significant drop around October 17, found temporary support near $103,500 and then began to rebound. The short-term moving averages (MA5, MA10) achieved a golden cross upwards on October 19, driving the price to break through the $108,000 level, but faced some selling pressure in the $108,500–$109,000 range.
The current price is running above MA30 (approximately $107,800), indicating that short-term bullish momentum is still present, but there is significant pressure above. If BTC can hold steady at $108,000 and regain its position above MA10 ($108,700), it is expected to continue the rebound to the previous high range of $110,000–1.

crypto market panorama
BTC (-1.87% | Current price 108,966 USDT): After experiencing a short-term correction, BTC stabilized around 108,000 USD, with the current price showing a slight rebound, but overall still under pressure below the MA30. Short-term moving averages are converging, indicating a temporary balance between bullish and bearish forces. Although the MACD dual lines are converging from a low position, a clear golden cross has not yet formed, and the momentum bars are gradually shortening, indicating that downward momentum is weakening but reversal signals are still insufficient. If BTC can break above 110,000 USD and maintain that level, it may open up rebound space to 112,500 USD; if it falls below the 108,000 USD support again, it may retest the 105,000–104,000 USD range.
ETH (-1.70% | Current price 3,935 USDT): ETH has been at a low of 3,900 dollars.

Abstract
1. After the liquidation market last week, Bitcoin experienced a rebound but has continued to weaken recently, with a volume drop of 9.13% over the past week.
2. Stablecoin inflow of $74 billion supports crypto liquidity during market downturn.
3. JustLend DAO TVL exceeded 7.82 billion USD.
4. Polymarket's on-chain activity has recently surged by 192%, with daily active wallets reaching 56,000.
5. The total supply of the stablecoin RLUSD on the Aave protocol has reached a historic high of 448 million.
6. In the past 24 hours, the entire network has experienced liquidations of $441 million, with long positions liquidated at $290 million and short positions liquidated at $151 million.
Market Interpretation
Market Commentary
BTC Market —— After experiencing last week's liquidation market, Bitcoin has.

On October 16, Bitcoin prices continued to weaken, falling 2.24% with higher trade volumes over the past 24 hours. Ethereum is currently priced at $3,981, down 3.17% with higher trade volumes in the last 24 hours; DEGO is incubating BOT3 AI, driving an 18.9% price rise in nearly 24 hours; a globally renowned CEX announced it will officially launch YGG on October 15, boosting prices by 12.7%; benefiting from ecosystem expansion and factors such as the CEX Alpha competition, BLESS surged 503% in the last day; stablecoin inflows reached $74 billion, supporting crypto liquidity during the market's big dump; JustLend DAO TVL broke through $7.82 billion.

Encypted Assets Panorama
BTC (-1.68% | Current Price 112,716 USDT)
After experiencing a period of high-level consolidation, the BTC price has shown a significant rise in a short time, reaching a peak and demonstrating strong bullish momentum. The short-term moving averages (MA5, MA10) have turned upward and formed a bullish arrangement, with the price steadily running above MA30, indicating potential for trend continuation. Trading volume has significantly increased during the rising phase, with buying power being concentrated, suggesting that market sentiment is leaning positive and there is noticeable capital inflow. If BTC can maintain stability above the critical support zone of 115,000, it is expected to continue its strong pattern and attempt to challenge the upper resistance levels. However, attention should be paid to the profit-taking pressure following consecutive short-term rises; if the price breaks below the short-term support and volume weakens, a technical correction may occur to adjust the indicators. Overall, BTC

In the crypto market, BTC stabilized above $110,000 after experiencing a pullback yesterday, while ETH's decline has narrowed compared to the previous day, and short-term selling pressure has eased. The implied volatility in the options market (IV) remains high, with BTC IV falling to around 45% and ETH IV oscillating in the 70% range, indicating that traders are still pricing in potential policy-driven fluctuations. The 25 Delta Skew indicator for 7 days has currently turned from negative to positive, suggesting that market traders may be betting on a rebound. Current market sentiment has shifted from risk-averse to cautiously optimistic, and attention will be on U.S. economic data and further statements from Federal Reserve officials.
Currently, the Gate App Options feature has been fully launched, supporting mainstream assets such as BTC, ETH, SOL, XRP, DOGE, TON, ADA, LTC.

crypto market panorama
BTC (-1.68% | Current Price 112,716 USDT): After experiencing a period of high-level consolidation, the BTC price has shown a significant increase in a short time, reaching a temporary peak, demonstrating strong bullish momentum. The short-term moving averages (MA5, MA10) have turned upward and formed a bullish arrangement, with the price steadily running above MA30, indicating the potential for trend continuation. Trading volume has significantly increased during the upward phase, with buying pressure being concentrated, which suggests a positive market sentiment and noticeable capital inflow. If BTC can maintain a steady position above 111,000, it is expected to continue the strong trend and attempt to challenge the upper resistance level. However, attention should be paid to the profit-taking pressure after a continuous short-term increase; if the price falls below the short-term support and volume weakens, a technical correction may occur to adjust the indicators. Overall, BTC remains in a strong position.

Abstract
According to data released by Cryptorank on October 9, 2025, the Web3 industry completed a total of 100 financing rounds in September 2025, with a total financing amount of 2.2 billion USD; the number of financing rounds decreased by 12.3% month-on-month, but the total financing amount increased by 7.3%, indicating that funds are accelerating towards leading and mature projects.
The top 10 large-scale financings are mainly completed through traditional capital tools such as PIPE, IPO, and Post-IPO Debt, indicating that Web3 projects are accelerating their integration with the traditional financial system to attract institutional funds through compliant pathways. The CeFi sector is leading strongly, securing 7 positions and contributing the majority of financing amounts, with capital focus clearly returning to centralized institutions that have real returns and regulatory potential. Meanwhile, several listed companies have used financing funds to establish public chain funds.

Highlights of last week's market overview:
Alpha Digging: BTC broke through $126,000, reaching a new phase high, and then experienced a sharp correction, dipping to a low of $102,100; ETH fell significantly after breaking through $4,700, with a low that once dropped to $3,400, marking a recent low. Among altcoins, SNX surged over 94.48%, becoming the most notable token; DASH and TAO also recorded increases of 48% and 22% respectively, rising against the trend in the short term.
On-chain funds: Ethereum Layer 2 capital inflow accelerates, Arbitrum maintains its leading advantage with a net inflow of $873 million in a single week, OP Mainnet, Unichain, and Polygon PoS.

Crypto market panorama
BTC (+0.12% | Current price 115,109 USDT): Following the largest liquidation over the weekend, Bitcoin's price is currently stabilizing above $115,000, with short-term moving averages (MA 5, 10, 30) forming a golden cross, and trading volume continuing to increase. The Bollinger Bands have narrowed again after expanding due to panic over the weekend, leading to a more rational market volatility. On the technical side, the area around $110,000 serves as a critical support level. If Bitcoin can steadily remain above $110,000, it is expected to confirm that the market has entered a relatively stable phase, opening up upward space to $117,000-$120,000; conversely, if it cannot hold, there is a risk of a pullback to the $100,000 range. On a macro level, the divergence among Federal Reserve policymakers on the interest rate cut path, combined with the economic data gap due to the government shutdown, creates an environment where the crypto market's expectations for liquidity and macro

encryption asset panorama
BTC (4.31% | Current Price 115,308 USDT)
BTC is currently showing signs of a rebound after a sharp drop on October 11 (the low once touched around $102,000). The short-term moving averages (MA5, MA10) have formed a golden cross at a low point and have crossed above MA30, indicating that the short-term rebound trend is continuing. The price is currently running above MA5, with momentum remaining moderate, but there is some resistance in the $115,500–$116,000 range above. If it can break through with volume, it may further test the previous high range of $118,000–$120,000.
In terms of trading volume, the volume significantly increased during the bottom rebound phase, indicating that the bulls are attempting to regroup; however, if the subsequent volume is insufficient, it may fall into a range fluctuation between 112,000 and 116,000.

crypto market panorama
BTC (4.31% | Current Price 115,308 USDT): The current price of BTC shows signs of a rebound after the rapid decline on October 11 (the low briefly touched around 102,000 USD). The price is currently operating above the MA5, with momentum remaining moderate, but there is certain resistance in the 115,500–116,000 USD range. If it can break through with volume, it may further test the previous highs in the 118,000–120,000 range. On October 10, the net outflow of BTC ETF reached 4.5 million USD in a single day, with BlackRock's IBIT inflowing 74.2 million USD and Fidelity's FBTC outflowing 10.2 million USD.
ETH (11.77% | Current Price 4,159 USDT): Affected by tariff news

encryption assets panorama
BTC (-0.73% | Current Price 121,348 USDT)
The current market for BTC is overall in a weak oscillating pattern. After briefly rising above $126,000 on October 8, the price quickly fell back, subsequently dropping below MA30 (approximately $121,800) on October 9, forming a clear downward structure. The short-term moving averages MA5 and MA10 are currently in a "death cross" state and are operating below MA30, indicating that the short-term is still dominated by bears.
From the perspective of trading volume, the decline during the period from the 8th to the 9th was accompanied by a significant increase in trading volume, indicating that the selling pressure is real and the downward momentum is strong; however, the subsequent rebound saw a noticeable lack of trading volume, showing limited buying interest. If BTC cannot re-establish itself above MA30 and break through the 122,000 dollar range,

Crypto market panorama
BTC (-0.73% | Current Price 121,348 USDT): The overall market for BTC is currently in a weak consolidation pattern. The price briefly surged above 126,000 USD on October 8 before quickly retreating, subsequently breaking below MA30 (approximately 121,800 USD) on October 9, forming a clear downward structure. If BTC cannot regain a foothold above MA30 and break through the 122,000 USD area, it is likely to test the 120,000 USD support level in the short term. If this support is lost, the focus will shift to the lower phase low around 119,600 USD. On October 9, BTC ETF saw a net inflow of 197 million USD in a single day, with BlackRock's IBIT inflowing 255 million USD and Fidelity's FBTC outflowing 1.