Bitcoin Surpasses 50-Day Average, but CoinDesk BTC Trend Indicator Remains Bearish

[Federal Reserve October Rate Cut Expectation Reaches 98%, Market Focuses on December Policy Direction] The Federal Reserve will hold its monetary policy meeting on October 28-29, and market expectations for a rate cut announcement during this meeting are nearly certain. According to Polymarket data, the probability of the Federal Reserve cutting rates by 25 basis points in October has reached 98%. Meanwhile, traders have started to focus on the direction of monetary policy in December, with Polymarket showing the probability of a 25 basis point rate cut by the Federal Reserve in December climbing to 90%.

[0x960 Whale Opens BTC and ETH Long Positions, Total Holdings Exceed $37 Million] On October 27, monitoring data showed that the whale address starting with 0x960 opened a 15x leveraged ETH long position at an average price of $4,248, with a nominal position value of approximately $15.56 million and a liquidation price of $105,000. Meanwhile, the whale opened a 10x leveraged BTC long position 4 hours ago at an average price of $115,000, which has now been increased to 15x leverage, with a nominal position value of approximately $21.46 million and a liquidation price of $3,705. Previously, this address had adjusted BTC and ETH positions multiple times and closed a BTC short position with a stop loss 12 hours ago.

OKX-BTC/USDT is currently trading at $115984, with a 5-minute increase of 0.22%. Please be aware of market fluctuations.

[39 new wallets have withdrawn 9.94 million LINK from Binance since the market downturn on October 11] Lookonchain monitoring shows that since the market downturn on October 11, 39 new wallets have withdrawn 9.94 million LINK from Binance, with a total value of approximately $188 million.

ZEC's price has surged by 380% this month.