According to BTC.com data, the current number of unconfirmed transactions on the Bitcoin network is 12,369, the network's computing power is 437.68 EH/s, and the 24-hour transaction rate is 2.95 transactions/s. The current network difficulty is 61.03 T, and the next difficulty adjustment is predicted to increase by 1.82% to 62.14T, which is 7 days away.

MicroStrategy purchased approximately 54,450 bitcoins for around $147.3 million between August 1, 2023 and September 24, 2023. As per the company's purchase documents, as of September 24, 2023, MicroStrategy holds approximately 158,245 bitcoins with a total purchase price of around $4.68 billion. In the midst of a volatile market, the profitability of MicroStrategy's bitcoin holdings has improved. With an average total purchase price of $29,582 per bitcoin, the company has currently realized a total profit of around $67.4 million with bitcoin trading at $30,000.

According to CoinGecko data, Bitcoin's market share has risen to a new high since April 2021, currently reported at 49.85%; Ethereum's market share is currently reported at 16.6%; USDT's market share is currently reported at 7.22%. The current total market value of cryptocurrencies on the entire network is approximately $1.1695 trillion, with a daily increase of 0.55%.

The main business of listed blockchain concept stocks is divided into mining, mining machine sales, chip manufacturing, digital asset management, blockchain technology provision, payment and trading platforms, etc.

On October 22nd, according to Cointelegraph, Bitcoin security researcher and developer Antoine Riard has quit developing the Lightning Network due to security issues and fundamental challenges facing the Bitcoin ecosystem. He believes that the Bitcoin community is facing a "difficult situation" because a new type of replacement loop attack has put the Lightning Network in a "dangerous position". It is understood that the replacement loop attack is a new type of attack, where attackers can use inconsistencies between various memory pools to steal funds from payment channel participants. He pointed out that addressing this new type of attack may require changes to the underlying Bitcoin network, "these types of changes require maximum transparency and recognition from the entire community, as we are changing the security architecture of the entire node processing requirements or decentralized Bitcoin ecosystem".

On October 22nd, the BitVol (Bitcoin Volatility) index launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX dropped to 47.93, a decrease of 0.35% in one day. BlockBeats note: The BitVol index measures the expected implied volatility of 30 days from tradable Bitcoin option prices. Implied volatility refers to the volatility implied by the actual option price. It uses the B-S option pricing formula to calculate the volatility by inputting the actual option price and other parameters except for the volatility σ. The actual price of the option is formed by many option traders competing, so the implied volatility represents the market participants' views and expectations of the future market and is considered the closest to the actual volatility at that time.

Today's panic and greed index is 53 (yesterday was 63), and the level has changed from greed to neutral. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + bitcoin's proportion in the entire market (10%) + Google keyword analysis (10%).

According to Whale Alert monitoring, 2832 BTC were transferred to Coinbase, worth $83.77 million.

MicroStrategy has reached its break-even point for holding BTC at $29,574 and is now officially profitable. Since MicroStrategy started buying Bitcoin, MSTR has risen by 154%, Bitcoin has risen by 152%, and the Nasdaq index has risen by 22%. The current market price for BTC is $29,547, and it briefly surpassed the $30,000 mark yesterday.

Data from IntoTheBlock shows that the BTC balance held by Bitcoin HODLers is hovering near a historical high of 13.45 million BTC, accounting for approximately 69% of the circulating supply. HODLers refer to individuals who have held Bitcoin for over a year and have accumulated it over time. IntoTheBlock analyst Slim Daddy stated that this is a potential reason why Bitcoin has been able to maintain a strong price position despite market volatility.

The crypto market is being closely watched by investors as digital currencies are on the rise, possibly due to optimism surrounding the approval of Bitcoin ETFs. Federal Reserve Chair Jerome Powell's comments on inflation and interest rates have also been well-received. Bitcoin has seen a 9% increase in price over the past week, with Ethereum and XRP also experiencing gains.

Greeks.live released October 20th option data on the X platform. Greeks.live pointed out that BTC continues to lead the market, and the nominal value of options holdings is the same as last week. However, the proportion of BTC put options has significantly decreased, and market sentiment has significantly improved.

October 20th news, Bitcoin Core 25.1 has been officially released, significant improvements include #27622 fee estimation (avoiding outdated fee estimation), #27727 rpc (fixing invalid bech32 address handling) and some bug fixes, etc.

October 19th, a dormant Bitcoin address (1DabG) was activated and transferred 200 Bitcoins worth $5.74 million. The 1DabG address originated on November 1, 2012, when the price of BTC was $11.20, meaning the initial value of the wallet was $2,240.

The Lightning payment application Strike has partnered with Bitrefill to launch a new feature that allows users to purchase daily necessities using Bitcoin. Through this integration, users can use their held Bitcoin to purchase gift cards, meaning Strike app users can shop at many of their favorite stores, subscribe to streaming platforms, and conduct various online transactions.

Bitcoin asset management platform Onramp is collaborating with BitGo. Onramp's multi-institutional custody product aims to avoid single-point failures and bring more institutional investors, financial intermediaries, and high net worth individuals into the crypto field. This issuance will divide key-holding responsibilities among three institutions: BitGo Trust, Kingdom Trust, and Coincover. Two of the three keys are required to transfer funds in the direction of the final client.

Jameson Lopp, the Chief Technology Officer of Bitcoin custody company Casa, called for more Layer 2 and sidechain development on Bitcoin at the Bitcoin Unleashed conference in London. Lopp stated, "I hope people can innovate on protocols that are related to Bitcoin but different, so we don't have to constantly fight to change the fundamental protocol." 

Bitfinex CTO Paolo Ardoino said that the RGB protocol is the "best opportunity" to issue stablecoins on Bitcoin. Ardoino believes that RGB is the "legitimate successor" to Omni after Tether stopped using Omni to issue USDT stablecoins. RGB is a smart contract system and off-chain protocol for Bitcoin and the Lightning Network, which can mint and issue digital assets based on Bitcoin. According to its website, it was originally conceived in 2016 by Bitcoin educator Giacomo Zucco as a "non-blockchain based asset system" that leveraged earlier ideas from Bitcoin core developer Peter Todd.

Charles Edwards, the founder of Bitcoin and digital asset fund Capriole Investments, cited the latest data from blockchain analysis company Glassnode on social media, stating that 76.2% of Bitcoin in the Bitcoin network is held by long-term holders, setting a new historical high.

Following false news of a spot Bitcoin ETF approval, the BTC price has stabilized above $28,000. Bitcoin options data shows that long positions are gaining strength, indicating growing confidence in longer-term price increases. Over 10,000 BTC block call options were traded today, representing over 40% of the day's total options activity.