Regarding the summary of whether the crypto world is bullish or bearish in October, let me start with a saying for everyone: People can deceive, but data cannot. Without further ado, let's get to the point.

A newly created wallet withdrew 584.72 BTC, approximately 63.9 million USD.

Bitcoin (BTC) Last 24 hours Net outflow 3,082.17 BTC Outflows mainly concentrated in the top three exchanges: 1.(-2,639.16 BTC), C 2.(-963.73 BTC), 3.(-588.91 BTC). At the same time, the largest inflow was 1,250.72 BTC.

Ethereum (ETH) In the past 10 hours Net outflow of $192 million This is the asset with the largest outflow of funds during the tracked period.

In the past 10 hours, Tether had a net inflow of $1,242,700. This is the asset with the highest inflow during the tracked period.

USDT In the last week (2025 September 2025 ) Net inflow of 2.72 billion USD to exchanges Data, marking a record single-week inflow.

Bitcoin Spot ETF Single day (2025 May 28, 2023 ) Net inflow of 433 million USD Data shows a continuous net inflow for 10 days at that time.

Bitcoin spot ETF On a certain day (2025, September 25, 2025 ) Net inflow of 2186 BTC ( approximately 243 million USD ) Monitoring data.

Bitcoin spot ETF On a certain day (2025 September 26, 2025 ) Net outflow of 1790 BTC ( approximately 196 million USD ) Monitoring data.

Ethereum Spot ETF Some single day (2025 September 25, 2023 ) Net outflow of 29,764 ETH ( approximately 1.18 million USD ) Monitoring data.

Ethereum Spot ETF On a certain day (2025 September 26, 2025 ) Net outflow of 50,655 ETH ( approximately 20 million USD ) Monitoring data.

Ethereum ( exchange on-chain ) In the past 24 hours ( Net inflow of 7,627 ETH On-chain analysis platform data,

Reflecting the slowdown in withdrawals, below are the cost of increased holdings of large investors:
1. Provided the position data of St company, showing that it holds 639,835 BTC, with an average cost of $73,971, and has increased its holdings by 850 BTC in the last week.

2. Bit's ETH holdings show that it holds 2.416 million ETH, with the latest increase of 264,000 ETH and an average cost of approximately $4,016.

3. A total of 17 listed companies hold 17.112 million SOL, and ETP products hold approximately 9.17-11.92 million SOL.

4. Enter's BTC position shows that it holds 1,058 coins of BTC, with an average cost of 108,665 USD.

As of May 18, the total holdings of the Solana treasury exceeded 20 million SOL, valued at approximately 4.21 billion.

Macroeconomic Outlook for the Dollar Next Week: Non-Farm Payrolls Will Challenge Dovish Bets, Fed Officials to Speak Collectively According to news from Jin10, Federal Reserve officials will speak collectively next week. Additionally, if the U.S. government shuts down on October 1, the employment report will not be published on time, which could even directly affect the CPI and the Federal Reserve's October meeting. Here are the key points the market will focus on in the new week (all in Beijing time):

On Monday at 20:00, 2026 FOMC voting member and Cleveland Fed President Harker will participate in a policy panel discussion;

On Tuesday at 01:30, FOMC permanent voter and New York Fed President Williams, 2025 FOMC voter and St. Louis Fed President Bullard will give speeches.

On Tuesday at 06:00, 2027 FOMC voting member and Atlanta Fed President Bostic will have a dialogue with Delta Airlines CEO on topics such as the Atlanta economy.

On Tuesday at 18:00, Federal Reserve Vice Chairman Jefferson will deliver a speech;

At 01:00 on Wednesday, the 2025 FOMC voting member and Chicago Fed President Goolsbee will deliver a speech.

On Wednesday at 07:10, 2026 FOMC voting member and Dallas Fed President Logan will deliver a speech;

On Wednesday at 08:30, Federal Reserve Vice Chairman Jefferson will give a speech;

On Thursday at 22:30, 2026 FOMC voting member and Dallas Fed President Logan will speak.

At 18:05 on Friday, FOMC permanent voter and New York Fed President Williams spoke at the farewell seminar of Dutch central bank President Knot.

Friday 20:30, US September non-farm payrolls, unemployment rate, average hourly wage year-on-year and month-on-month.

(Important: SOL Experience Summary) The ETF President: Frank and several institutions have submitted S-1 amendments for the spot SOL ETF, which may be approved within two weeks.

(It is particularly noteworthy that on September 26th, SOL has held the 190 level during several dips over the past 4 hours. If the ETF is truly approved within two weeks or 30 days, SOL will reach new highs with a target between 260-300.)

(The average cost of large holders increasing their positions is between 150-190, and the overall average cost basically maintains around 175. Currently, large holders in this range have little profit space because of cost accounting and capital occupation costs.) In summary, it can be concluded that the chips between 180-190 for SOL can be increased freely, as there is basically no downside space left.

Recently, the institutional cost of increasing spot holdings for ETH is approximately between 3600-3950, with the average price basically around 3750. Therefore, the actual cost calculation is around this level. If you are looking to short, it is estimated that there will be significant pressure below, and currently, the short range is too small with costs being too high. In October, there is a high probability of reaching a historical new high around 5000.

The holding data shown on BTC indicates that it holds 639,835 BTC, with an average cost of $73,971.
The cost for other institutions and large holders is basically around 10 dollars, after all, the cost of mining is there. So many people say that Bitcoin should drop to 60,000, which is similar to the mining cost of gold being there. Currently, Bitcoin's market cap is only 2 trillion, while the total amount of gold is 25 trillion. So how would you understand it when you see the data? There will be pullbacks in Bitcoin, but I estimate that a very large range is unlikely, so those who want to short should think for themselves.

Let's summarize the above. In the short term, BTC, ETH, and SOL have been clearly discussed. Personally, I think there are a few events to watch in October. The non-farm payroll data from September, which will be released on Friday, and whether there are any new developments regarding SOL's ETF. Based on the current macroeconomic situation, the possibility of interest rate cuts in October is likely, with a probability of 90%, and the benchmark for the rate cut is expected to be 25 basis points. The premise is to look at Friday's data. As a certain indicator, for Bitcoin, buying near 10 is a good opportunity; for ETH, buying near 3800 is also advisable. As for SOL, I've already mentioned it. I have been in the market for over a decade, going around in circles for years, losing hundreds, but now I completely understand human nature and the market.

Finally, I would like to leave you with a piece of advice: the essence of contracts is not to become rich quickly, but to provide you with a sustainable income. What gets amplified is your capital ability, not your greed. Never go all in; always give yourself 10 chances to average down. The market is there every day, but you never know if you will be there.