7 Essential On-Chain Metrics Driving Bitcoin & Ethereum Rally: October 9, 2025 Insights
Enhanced Crypto Market On-Chain Analysis: October 9, 2025Blending the granular on-chain depth from my prior snapshot (e.g., MVRV, SOPR, netflows) with the fresh technical/macro insights from X analysts and recent web reports, this updated analysis captures a market in resilient uptrend mode. Total market cap sits at $4.25T (+1.5% 24h), with Bitcoin dominance at 59.1%—a “knife-edge” level where a break above 60% could squeeze alts further, while sub-58.5% sparks rotation. Fear & Greed holds neutral-bullish at 62, amid $1.2B record ETF inflows on Oct 6 and $4.61B weekly for spot BTC ETFs overtaking ETH for the first time in weeks. Ethereum’s ETF flows have surged past 10% of supply, fueling staking and L2 hype, but both assets show choppy consolidation post-ATH tests: BTC rejected $124.7K, ETH stalled at $4,600. On-chain signals affirm accumulation (declining exchange reserves, rising mid-tier holder stacks), tempered by overbought RSI (64 for BTC, 49 neutral for ETH) and cooling open interest hinting at profit-taking. Macro tailwinds like gold’s $4,000 ATH and upcoming CPI (Oct 15) support “Uptober” extension, but leverage risks loom for 3-7% dips.Bitcoin On-Chain & Technical HighlightsBTC trades at $123,200 (+1.2% 24h), defending the 4H EMA50 after a -2.2% pullback from $124.7K ATH. Institutional ETF stacking ($4.61B net inflows, BlackRock AUM at $96.2B) dominates spot demand, with mid-tier holders (1-10 BTC) absorbing ~30K BTC in $121K-$122K clusters. Exchange netflows remain negative, signaling self-custody shifts, while hashrate stability post-halving underscores network resilience. TA confirms bullish MACD crossover and ascending triangle (support $119.5K VAH/OB zone), but CRSI overbought and volume taper suggest short-term hesitation. https://studio.glassnode.com/dashboards/btc-onchain-activity Metric Value (as of Oct 9) 24h/Weekly Change Insight Price $123,200 +1.2% (24h) Consolidating in ascending triangle; key support $119.5K (VAH + VWAP + POC), resistance $124.7K-$125K. Active Addresses (24h) ~1.1M +2% (weekly) Steady network health; no cooldown despite volatility. Transaction Volume $240B (spot est.) +15% (24h) Surge reflects repositioning; ETF-driven over speculation. Exchange Netflow -$12M/day (avg.) Outflows up 20% Declining reserves bullish; whales derisking via self-custody. MVRV Z-Score ~2.6 (neutral-rising) +0.1 Room for upside; not yet euphoric (threshold ~7). SOPR 1.02 (low profit-taking) Stable Minimal distribution; aligns with intact rally. Miner Reserves ~1.79M BTC -0.1% (weekly) Flat, no selling pressure; hashrate at ATH levels. ETF Inflows (Spot) $4.61B (weekly) Record high Institutional FOMO; $1.2B single-day peak Oct 6. Open Interest Cooling mildly -3% (24h) Hesitation post-rally; long/short ratio 0.71 (contrarian buy). RSI (1D) 64.6 Neutral-bullish Overbought edge; watch for divergence. Key Trends & Signals: Bullish: Mid-tier accumulation score ~0.75 (up from 0.71), LTH distribution easing; dominance basing 58-60% favors BTC lead without full alt bleed. Bearish Risks: Profit-taking via declining OI/volume; $125K liquidation walls could cascade if rejected. VDD at 0.92 (mid-range) flags mild capitulation potential. Outlook: Break $125K targets $130K-$140K; hold $119.5K for continuation. Powell speech/jobs data today could catalyze. Ethereum On-Chain & Technical HighlightsETH at $4,510 (+1.4% 24h), bouncing from $4,450 double-bottom support amid ETF surge (net +$420M daily, total inflows >10% supply). Staking hits 28.5% (deposits +0.7% weekly, e.g., Grayscale’s 32K ETH lockup), slashing exchange float and boosting ~4.3% APY yields. L2s (Base, Arbitrum) drive 92% tx volume, with fees paradoxically low despite ATH usage—scalability win. Futures net-long (55-70% on majors), but sideways grind tests $4,600 resistance; ETH/BTC holds August breakout (0.036 support). Metric Value (as of Oct 9) 24h/Weekly Change Insight Price $4,510 +1.4% (24h) Sideways post-drop; double-bottom reversal, support $4,450, resistance $4,600-$4,748. Active Addresses (Daily) ~595K +1% (from 589K) Elevated vs. yearly avg.; monthly uniques near peaks. Transaction Count ~1.25M (est.) +12% (weekly) L2 boom (90%+ volume); EIP-4484 upgrade hype. Gas Used ATH throughput Stable Fees down 15% despite surge—adoption bullish. Exchange Netflow -55K ETH/day Outflows +25% Staking/self-custody lockup; reduces sell pressure. Staking Ratio ~28.5% of supply +0.7% (weekly) Deposits accelerating; enhances security/yields. DeFi TVL ~$175B +6% (weekly) Restaking/L2 growth (e.g., Mantle integrations); stablecoin +14%. ETF Inflows (Spot) Surge >10% supply +$420M (daily) Institutional demand flips script; overtakes prior weeks. Open Interest High, net-long +2% (24h) 55-70% long bias; funding neutral, profit-taking fade. RSI (1D) 49 Neutral Sideways setup; golden cross intact for $5K path. Key Trends & Signals: Bullish: 92% Polymarket odds for $5K EOY; realized profits rising sans peaks, L2 catalysts (e.g., Base USDC streaming). ETH/BTC >0.039 flips alt tailwind. Bearish Risks: Overbought signals on 1H, node centralization (OFAC risks); thin alt breadth if dominance spikes. Outlook: Upside to $4,748-$5.2K on breakout; $4,450 hold key. Softer CPI tomorrow could ignite to $5K+. For more news and Analysis keep in touch with https://www.botslash.com/
8 Latest Crypto News : Institutional Bitcoin ETF Growth, Ethereum Staking Trends, and Liquidity Risks in Token Issuances : Daily Crypto News Analysis
The cryptocurrency market continues to evolve rapidly, driven by increasing institutional involvement, regulatory developments, and growing concerns about liquidity risks. From significant increases in Bitcoin ETF holdings to Hong Kong’s tokenization of retail assets, institutional adoption is gaining momentum. Meanwhile, Bitcoin and Ethereum are navigating shifts in investor behavior, with Ethereum’s staking declining slightly, and Bitcoin’s transaction fees hitting multi-year lows. At the same time, regulatory moves, including a shift in the U.S. Federal Reserve’s stance and potential liquidity risks surrounding token issuances, remain central to market developments. 1. Wisconsin Investment Board Increases Bitcoin ETF Holdings The State of Wisconsin Investment Board (SWIB) has significantly expanded its investment in BlackRock’s iShares Bitcoin Trust (IBIT), doubling its holdings from approximately 2.9 million shares in Q3 2024 to over 6 million shares by the end of Q4. This investment surge reflects a broader trend among institutional investors, signaling increasing confidence in Bitcoin as a long-term asset. The total valuation of SWIB’s Bitcoin ETF holdings now stands at approximately $340 million, positioning it among the largest state-managed pension fund investments in the cryptocurrency sector. The timing of SWIB’s increased allocation coincides with Bitcoin’s strong performance in Q4 2024, where the asset recorded a 47% price increase. Analysts speculate that institutions like SWIB see Bitcoin as an alternative store of value, particularly as macroeconomic conditions, such as inflation concerns and global monetary policies, remain uncertain. The move also aligns with a growing narrative among traditional investors who view Bitcoin ETFs as a safer and more accessible way to gain exposure to digital assets. While this development is a significant step for Bitcoin’s legitimacy in traditional finance, some experts warn of potential risks, including regulatory scrutiny and price volatility. Institutional adoption often brings both stability and unpredictability to the market, as large-scale investments can influence liquidity and short-term price movements. Nevertheless, SWIB’s move strengthens the case for Bitcoin ETFs as a viable investment vehicle for pension funds and other long-term investors. Market Impact: The increase in institutional holdings in Bitcoin ETFs may lead to further capital inflows, strengthening Bitcoin’s price support levels. If other pension funds follow SWIB’s lead, Bitcoin’s institutional adoption narrative could gain further momentum, possibly reducing volatility and establishing Bitcoin ETFs as a mainstream asset class. 2. Ethereum Staking Declines After November 2024 Peak Ethereum staking has experienced a notable decline since its peak in November 2024, with the total staked ETH percentage dropping from 29% to 27% by February 2025. This marks the first significant decline in staking since Ethereum’s transition to Proof-of-Stake (PoS) in 2022. While a 2% reduction may seem minimal, it reflects shifting investor behavior, possibly driven by better yield opportunities in alternative blockchain ecosystems such as Solana and Avalanche. One of the key reasons behind the decline in staking activity is the rise of competitive decentralized finance (DeFi) platforms that offer higher returns on locked assets. Solana’s DeFi ecosystem, for instance, saw its Total Value Locked (TVL) surge from $4.5 billion in September 2024 to over $11.3 billion by January 2025. This shift suggests that investors are moving their capital toward blockchains that provide more attractive staking rewards and ecosystem incentives. Despite the decline, liquid staking derivatives (LSDs) remain dominant in Ethereum’s staking market. Lido Finance continues to hold a significant market share, accounting for nearly 69% of all staked ETH, while Binance’s staking service controls approximately 15%. This centralization within staking solutions raises concerns about Ethereum’s long-term decentralization, as too much influence over validator nodes may compromise network security. Market Impact: The reduction in Ethereum staking could have mixed effects on its price stability. While lower staking rates may lead to increased ETH liquidity, enabling more active trading, it could also weaken Ethereum’s security model. Investors and developers will be watching how this trend develops, particularly in comparison to alternative chains gaining traction in DeFi. 3. Bitcoin Transaction Fees Reach Multi-Year Lows Bitcoin’s transaction fees have fallen to a multi-year low, with the average fee dropping to $1.33 as of February 14, 2025. This is a dramatic decline from the $6.72 average transaction fee recorded in early 2024. Several factors have contributed to this decline, most notably reduced network congestion and a decline in Bitcoin Inscriptions’ popularity. The drop in fees comes amid a period of lower mempool activity, meaning there are fewer unconfirmed transactions waiting to be processed. The primary reason behind this is the cooling down of Bitcoin Inscriptions, which had previously contributed to network congestion and fee spikes. Additionally, the recent market downturn has led to a decrease in retail trading activity, further reducing transaction volume. Lower fees are generally seen as beneficial for users, particularly those engaging in small or frequent transactions. However, prolonged periods of low transaction fees can negatively impact miners, as they rely on fees alongside block rewards for revenue. Market Impact: While lower transaction fees make Bitcoin more accessible for everyday use, they may reduce miner incentives, potentially impacting network security in the long run. Investors should monitor whether lower fees persist post-halving, as this could affect the economic model of Bitcoin mining and the security of the network. 4. Binance Founder CZ Highlights Jerome Powell’s Shifting Bitcoin Stance Binance founder Changpeng Zhao (CZ) has recently pointed out Federal Reserve Chair Jerome Powell’s evolving stance on Bitcoin, particularly in comparing the cryptocurrency to gold. Powell’s acknowledgment of Bitcoin as a speculative store of value, rather than dismissing it outright, represents a subtle yet important shift in the Fed’s perspective on digital assets. Previously, Powell had been skeptical of Bitcoin’s role in the financial system, citing concerns over volatility and lack of practical use. However, his recent statements recognize Bitcoin as a virtual form of gold, indicating that the Federal Reserve now sees it as a legitimate asset class, albeit not a direct competitor to the U.S. dollar. Despite this acknowledgment, Powell clarified that the Fed has no intention of holding Bitcoin on its balance sheet or advocating for regulatory changes to facilitate such holdings. Additionally, he reaffirmed
Trump’s Pro-Crypto Policies, Bitcoin Hits $109K, Ethereum’s Neutral Staking Stance, Ripple’s Regulatory Fight, Solana’s $10B Revival, Thailand’s Crypto Sandbox and Musk’s DOGE Controversy
The cryptocurrency world is buzzing with transformative developments in 2025. From Bitcoin’s meteoric rise during Donald Trump’s second inauguration to groundbreaking blockchain advancements in Thailand, the industry is showcasing its resilience and innovation. Ethereum continues to prioritize decentralization under Vitalik Buterin’s guidance, while Ripple’s legal battle with the SEC remains a pivotal moment for regulatory clarity. Meanwhile, Solana’s ecosystem thrives with renewed investor confidence, and Elon Musk’s ambitious integration of crypto into government initiatives faces legal scrutiny. These dynamic events signal a defining year for cryptocurrency adoption, regulation, and innovation. 1. Bitcoin Jumps to a New Record as Traders Cheer Trump’s Inauguration, Meme Coins Bitcoin surged past $109,000, achieving a new all-time high on January 20, 2025, as Donald Trump was sworn in for his second presidential term. The rally was fueled by optimism around potential pro-crypto policies under the Trump administration. Market enthusiasm also extended to meme coins, with tokens like Dogecoin experiencing double-digit gains, spurred by viral “crypto-friendly government” memes. Analysts suggest that these rallies reflect renewed confidence in institutional adoption and policy alignment with crypto innovation. The timing of Bitcoin’s surge highlights the influence of geopolitical and policy-related developments on cryptocurrency markets. Under the new administration, promises of clearer regulatory frameworks and potential tax benefits for crypto investors have bolstered sentiment. Additionally, the popularity of meme coins serves as a reminder of retail traders’ growing influence in market trends, driven by social media and cultural factors. Impact of News Bitcoin’s new record cements its position as a leading financial asset and reinforces institutional and retail interest in cryptocurrencies. The broader market is likely to see increased liquidity as more traders and institutions anticipate a favorable regulatory environment. Meme coins’ rally indicates speculative enthusiasm, which could amplify volatility but also attract new participants to the crypto space. 2. Vitalik Emphasizes Exploring ETH Staking by Ethereum Foundation Vitalik Buterin clarified why the Ethereum Foundation refrains from staking its significant ETH holdings. This decision is rooted in a commitment to neutrality, especially during contentious hard forks or governance disputes. By abstaining from staking, the Foundation avoids being compelled to take sides in controversial decisions, preserving its role as a facilitator of the Ethereum ecosystem rather than a central authority. Buterin’s comments reaffirm Ethereum’s decentralized ethos, underscoring the Foundation’s preference for empowering community-led development. This approach aligns with Ethereum’s core mission to remain open-source and democratic. The announcement also highlights the importance of maintaining flexibility to navigate future challenges in blockchain governance. Impact of News The Ethereum Foundation’s stance supports its credibility as a neutral steward of the blockchain. By avoiding staking, the Foundation prioritizes the ecosystem’s integrity over potential financial gains. This decision may inspire other blockchain organizations to adopt similar strategies, fostering trust and long-term stability in the crypto community. 3. Elon Musk’s DOGE Faces Lawsuit Right After Trump’s Inauguration Elon Musk’s government-affiliated Department of Government Efficiency (DOGE) faced immediate legal challenges following Trump’s inauguration. Critics claim the body violated federal transparency requirements, citing alleged closed-door meetings and insufficient public disclosures. This lawsuit raises questions about the integration of crypto advocates into government initiatives and the challenges of blending decentralized principles with bureaucratic systems. The lawsuit signals potential hurdles for Musk’s vision of crypto-integrated governance. As a high-profile figure, Musk’s involvement in such controversies risks overshadowing the goals of DOGE and may deter public trust. Nevertheless, it also showcases the broader tension between innovation and regulatory compliance, particularly in emerging tech sectors like crypto. Impact of News The lawsuit may delay DOGE’s initiatives and highlight the need for regulatory clarity when incorporating crypto into governance. It could also impact the public perception of Musk’s leadership in the crypto space, emphasizing the importance of balancing transparency with innovation. 4. Trump Government to Greenlight Crypto Trading for Banks The Trump administration announced plans to allow federally chartered banks to offer cryptocurrency trading services. This decision reflects the administration’s pro-crypto stance, aiming to integrate digital assets into traditional finance. By providing a regulated framework, the initiative is expected to reduce market uncertainty and attract institutional investors. This move marks a turning point for cryptocurrency adoption, bridging the gap between decentralized finance and established banking systems. The policy not only legitimizes crypto trading but also signals a broader acceptance of digital assets in mainstream financial systems, setting the stage for further regulatory advancements. Impact of News Allowing banks to engage in crypto trading could significantly boost market liquidity and attract traditional investors. It also signals a shift in governmental attitudes toward cryptocurrencies, promoting a narrative of growth and institutional credibility within the industry. 5. Ripple vs. SEC Case: Securities Lawyer Estimates XRP Lawsuit End Date A prominent securities lawyer predicts the Ripple vs. SEC case may conclude by mid-2025. This lawsuit has been pivotal in shaping the regulatory landscape for cryptocurrencies, as it seeks to determine whether XRP should be classified as a security. Recent judicial decisions, including the rejection of the SEC’s summary judgment request, suggest the case is heading for trial, which could have significant ramifications for the broader crypto industry. The prolonged legal battle underscores the need for regulatory clarity in the crypto sector. Ripple’s defense highlights how vague definitions of securities law stifle innovation. A resolution could provide much-needed guidance for other blockchain projects, potentially setting a precedent for how digital assets are regulated in the U.S. Impact of News The case’s outcome will have wide-reaching implications for crypto regulation. A favorable ruling for Ripple could bolster the industry, encouraging innovation and investment. Conversely, a decision in favor of the SEC might push projects to relocate to crypto-friendly jurisdictions. 6. Solana’s Total Value Locked (TVL) Soars Above $10 Billion Again Solana’s Total Value Locked (TVL) has climbed past $10 billion, driven by rising developer activity and successful network upgrades. The growth is indicative of Solana’s recovery after overcoming network outages and skepticism in previous years. Simultaneously, the presale of Solaxy, a new DeFi token on Solana, has sparked investor interest, with predictions it could mirror past
