Bitcoin Climbs to $111K as Whipsaw Action in Crypto Continues

[CZ's New Book to Be Published Soon, May Cover Career and Investment Experiences] Binance founder CZ announced that his new book is set to be published soon, potentially covering his career, the crypto industry, and personal investment experiences. As early as March 2025, CZ revealed that the manuscript was approximately 114,000 words. This April, he shared investment philosophies from the book, including focusing on fundamentals, holding long-term, and supporting mission-driven founders. He emphasized that success requires time to accumulate, and short-term setbacks like the Terra incident are part of growth.

调查显示，香港多数富裕投资者计划在2023年购买加密货币。此外，日本将允许银行持有比特币，进一步推动加密资产的合法化。（Cointelegraph）

1. Trump pardons Zhao Changpeng, founder of Binance, causing intense market response 2. JPMorgan predicts that the Federal Reserve may stop quantitative tightening next week 3. White House releases report supporting self custody rights for digital assets 4. Reserve requirements of the US banking system drop to a new low for the year 5. Legendary trader earns over $12 million in 11 days, with precise operations sparking discussions 6. Q3 Crypto Industry M&A Transactions Exceed $10 Billion, Rapidly Growing 7. Solana DeFi's lock up volume hits a one-year high, reflecting the acceleration of ecological development 8. Pioneer Group increases its stake in MicroStrategy to 1.7 million shares, with a long-term bullish outlook on cryptocurrency asset layout The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/495406

Currently, BTC is testing the strong support zone of 108005-108253 in a 4-hour cycle, which is the area with the highest trading volume for chips and is dominated by buying. However, the latest K-line has formed a top pattern, suggesting the possibility of a local peak. Combined with the RSI falling below the 50 median line, the upward movement can be weakened, and caution should be exercised against the risk of losing support. Although MACD shows a bar chart growth, EMA24 crosses EMA52 to form a dead cross, indicating a bearish trend in the medium to long term. If the support level falls below or triggers further downward movement. It is recommended to pay attention to the gains and losses of the 108000 line, and if it falls below, it will bottom out at 107400. Indicator recommendation: Member exclusive chip distribution helps you accurately lock in support resistance and seize trading opportunities quickly! The data is sourced from the PRO member's [BTC/USDT Binance 4-hour] candlestick chart, for reference only, and does not constitute any investment advice.

[U.S. Bank Reserves Drop to $2.93 Trillion, Hitting Yearly Low] During the week ending October 22, U.S. banking system reserves decreased by approximately $59 billion, falling to $2.93 trillion, marking the lowest level this year. Following the debt ceiling increase in July, the U.S. Treasury ramped up debt issuance, leading to liquidity outflows from the Federal Reserve's balance sheet, including the overnight reverse repurchase agreement facility and bank reserves. Institutions such as JPMorgan Chase predict that the Federal Reserve may halt the reduction of its approximately $6.6 trillion balance sheet this month.