With BTC surging to $31,000, there has been a large-scale liquidation in the cryptocurrency market. CoinGlass data shows that the cryptocurrency market has seen nearly $180 million in liquidations in the past 24 hours, with 75% being short positions. Bitcoin futures contracts contributed the largest portion to the liquidation wave, followed by Ethereum, and then altcoins Chainlink (LINK) and Solana (SOL).

The market shows BTC breaking through $32,000, currently trading at $32,006, with a daily increase of 7.29%. The market is volatile, please be prepared for risk control.

According to a report by ByteTree analysts on Monday, despite Bitcoin's rebound to over $30,000, the activity on the Bitcoin blockchain presents a more pessimistic outlook. Analysts Shehriyar Ali and Seran Dalvi pointed out that BTC transaction volume has dropped 50% in a month, and network economic throughput is also in a declining trend, meaning that BTC prices are entirely driven by expectations of positive news, which may not be healthy in the short term. Analysts identified the range of $26,750 to $28,250 as a support area for BTC prices.

According to OKX market information, Bitcoin briefly touched $31,000 and is now priced at $30,896, with a 24-hour increase of 3.37%.

As of September 24, 2023, MicroStrategy has purchased approximately 15,8245 bitcoins for a total price of about 4.68 billion US dollars, with an average holding price of 29,582 US dollars.

According to Bitcoin News on social media, as reported by Golden Finance, except for Argo Blockchain and TeraWulf, the return rates of all mining stocks from the beginning of the year have outperformed Bitcoin, averaging around 150%, while Bitcoin is at 84.61%, according to CoinGecko's data.

Crypto Rover, a prominent KOL in the cryptocurrency industry, stated on X platform that the Asian market is the true "driving force" behind the recent surge in Bitcoin prices.

On October 23, Ernst & Young stated that investors buy Bitcoin as an asset, not as a payment tool.

Bitcoin.com has revealed the latest data from bitcointreasuries, which shows that Block.One still holds more BTC than MicroStrategy. It is reported that MicroStrategy currently holds 158,245 BTC, while Block.one, the company behind the development of the EOS network, holds 164,000 BTC.

New evidence has emerged that contradicts previous reports suggesting that Hal Finney was the pseudonymous creator of Bitcoin, Satoshi Nakamoto. Jameson Lopp, co-founder of Bitcoin custody firm Casa, presented new evidence challenging the theory, including race data showing that Finney was participating in a 10-mile race at the same time that Nakamoto was conducting transactions on the Bitcoin blockchain and responding to emails.

Bitcoin reached a new three-month high on October 23, surpassing $30,000 for the first time since the summer and approaching key long-term resistance levels. Analysts suggest that Bitcoin may experience a significant move higher, with similarities to just before the year-to-date high.

Investors have shown confidence in risk-bet assets, leading to significant gains in the crypto market despite geopolitical turmoil and macroeconomic concerns. The fear and greed index indicates a neutral sentiment in the market, but is moving towards "greed" territory. Pepe Coin, Chainlink, Fantom, and Aptos are among the top gainers in the market. Aptos has experienced recent gains in performance, which is reflected in its chart. There are rumors of a potential acquisition of the Wikimedia Foundation by Elon Musk.

Bitcoin continues to rally, surpassing $30,000, but there are concerns as short positions pile up. Crypto analyst Ali Martinez notes that about 60% of Binance accounts holding open BTC futures positions are taking short positions.

Bitcoin Lightning Network, a solution designed to speed up transactions on the Bitcoin blockchain, has been found to have a major vulnerability. The flaw, known as "replacement cycling attacks," could allow attackers to disrupt the normal flow of transactions and potentially cause loss of funds within the network's channels.

Bitcoin (BTC) has been boosted by bullish signals from traditional rate-sensitive assets like gold, with the cryptocurrency reaching its highest value since July 15 at $30,797 during Monday's Asian trading hours. While gold has seen a 6.7% gain in the past month, BTC has risen by 14%.

Javier Milei, a pro-Bitcoin presidential candidate in Argentina, did not win the first round of the election and will now compete in a run-off vote on November 19th. With over 90% of the vote counted, economy minister Sergio Massa was in the lead with over 36% support, while Milei trailed at just over 30%.

Data shows that in the past 4 hours, the total liquidation on the entire network was $44.725 million, with long positions liquidated at $4.364 million and short positions liquidated at $40.3633 million. BTC liquidation was $11.2242 million and ETH liquidation was $14.1435 million.

According to Coinglass data, the total liquidation in the past hour was 29.2659 million US dollars, with ETH liquidation of 9.9327 million US dollars and BTC liquidation of 9.2296 million US dollars. Short positions liquidation was 27.6788 million US dollars, accounting for about 94.5%.

October 23rd, the BitVol (Bitcoin volatility) index launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX rose to 51.08, with a daily increase of 6.57%. BlockBeats note: The BitVol index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price.

yuga.eth, a senior software engineer at Coinbase, posted on X platform that he believes one of the most important things that needs to be addressed in cryptocurrency is a fundamental way to connect Bitcoin and Ethereum, beyond custodial BTC like wBTC. The joint BIP/EIP has opened up a way for BTC to be bridged internally/externally in Ethereum.