Odaily News: The 17,733 BTC transferred by the U.S. government to Coinbase Prime is a custody arrangement rather than a sell signal. Of these, 12,267 BTC related to the Bitfinex hack remain under the custodian's control, with only approximately 1,200 BTC potentially being sold.

Odaily News: According to the Bitfinex Alpha report, whether Bitcoin can reclaim $84,500 this week will depend on whether U.S. CPI data changes market expectations for interest rates and yields, and whether spot market buying can follow through. BTC previously fell from a high of $87,197 on October 2 to a low of $80,347 on October 8, a maximum decline of about 7.9%. During this period, it briefly dropped below $81,300 before quickly recovering; that level had previously been the range high and has now flipped back into support.Bitfinex said this pullback is similar to multiple corrections during previous recovery phases, and investors whose cost basis is within the original trading range have not shown obvious selling. At the same time, after about $1.18 billion in positions were liquidated across the crypto market on October 8, leverage levels dropped significantly, with no large-scale re-leveraging observed. Future price action will depend more on spot demand. However, spot buying remains the weaker link in the current market. The report noted that Bitcoin ETF investors' average holding cost is about $84,340, and with the current price below that level, some investors may choose to sell as the rebound approaches their cost basis.On the macro side, Bitfinex believes inflation and the interest rate environment continue to weigh on BTC. Core PCE inflation is currently at 3%, most Fed officials still expect another rate hike this year, and the U.S. 10-year real Treasury yield is about 2.91%. If this week's core CPI rises 0.2% month-over-month or less, it could reduce market rate hike expectations and push yields lower, providing room for BTC to rise; if core CPI reaches 0.3% or higher, it could continue to suppress risk asset performance.Bitfinex expects BTC may fluctuate in the short term between $81,300 and $84,500. If the price breaks above and holds $84,500 while ETF flows strengthen, the market may retest the $87,722 level seen at the start of the year; if it falls below $81,300 accompanied by continued outflows, it may further decline to around $77,400, the true market mean level.

Odaily reports that Bitfinex analysis indicates Bitcoin is typically moved to exchanges before being sold, but during Bitcoin's decline from $87,000, coins held for 6 months or longer were hardly transferred to exchanges. Data shows that nearly all Bitcoin recently flowing into exchanges consisted of tokens that had been moved within the past week. Bitfinex notes that true market capitulation usually requires long-term holders to begin moving and selling their holdings, and this signal has not yet appeared.

Odaily reports that at 21:16 Beijing time, an address transferred 2,000 BTC worth approximately $166 million to Bitfinex. On-chain data shows that the address held approximately 3,589 BTC before the transfer and still holds approximately 1,589 BTC.

Odaily News: According to Bitcoin News monitoring, a wallet tagged as the United States transferred 833.6 BTC, valued at $71.6 million, to a Coinbase Prime deposit address. Arkham data shows that 568.7 BTC of this is related to assets forfeited from HashFlare, and 264.9 BTC is related to funds from the Bitfinex hack. Transfers to a Prime deposit address do not necessarily indicate a confirmed sale; Coinbase also provides custody services for cryptocurrency held by the government, and a similar $288 million transfer occurred in July.

Odaily News: An address labeled "U.S. Government: Bitfinex Hacker Seized Funds" has once again transferred out 12,267 BTC, worth approximately $1.01 billion. Subsequently, 6,000 of those BTC were moved in two transactions to a new address 33pYK…cFk, while the remaining approximately 6,267 BTC were temporarily held in another new address. Over the previous two days, U.S. government-related addresses had already transferred over 6,200 BTC to Coinbase Prime in total.

1. Spot Bitcoin ETFs recorded a total net outflow of $487 million yesterday, with BlackRock's IBIT leading at $208 million in net outflows;2. Spot Ethereum ETFs saw a total net outflow of $161 million yesterday, marking 7 consecutive days of net outflows;3. Manus completes a new funding round of over $500 million;4. Binance CEO: Demand for tokenized stocks and private market products is strong, but information flow remains an obstacle;5. MakerDAO's legacy auction contract exploited, attacker drained 200 ETH worth over $500,000;6. TRUMP co-founder: Developing TRUMP-themed games and TV shows, seeking to acquire a themed amusement park;7. Ark Invest reduced its Robinhood holdings by approximately $16.63 million yesterday;8. Canton CEO says the crypto industry should solidify use cases before 2028 to adapt to U.S. policy changes;9. First Digital plans to go public on Nasdaq via reverse merger at a $250 million valuation, expected to complete in the first half of 2027;10. Vitalik: The ideal security rule for multisig is to rotate signer keys after every operation;11. Galaxy Research: Some of the BTC transferred by the U.S. government to Coinbase Prime came from untagged addresses, with LuBian and Bitfinex assets accounting for 71% of holdings;12. National stablecoin USDKG ceases operations, Kyrgyzstan to liquidate issuer EVA and Coin Nomad Exchange.

Odaily News: Galaxy Research on-chain tracking shows that the US government transferred approximately 9,261 BTC, worth about $770 million, to Coinbase Prime over two days. Since the deposit address was first activated in December 2025, it has cumulatively received 11,567 BTC, of which 6,406 came from wallets already labeled as belonging to the US government, and 5,160 came from previously unlabeled wallets.Of the 9,261 BTC transferred this time, nearly half can be traced back to Bitfinex hacker funds recovered by the US government, with some coming from previously known Binance-related seized assets; among them, 2,456 BTC previously had no clear government attribution label, but because they entered this address through the same path as government funds, they are currently regarded as US government seized assets. The US government currently holds approximately 319,100 BTC, of which about 71% comes from LuBian-related BTC and Bitfinex recovered funds.In January 2025, a US federal court approved the return in kind of seized Bitfinex hacker funds to Bitfinex, and the main address holding approximately 94,600 BTC has still not moved. In October 2025, the US Department of Justice filed a civil forfeiture lawsuit against Chen Zhi and related assets, involving approximately 127,300 BTC; this batch of LuBian BTC entered addresses attributed to the US government between June and July 2024. Since 2013, US government-related addresses have received a total of approximately 555,300 BTC, worth about $16.1 billion at prices at the time; during the same period, approximately 236,200 BTC flowed out, worth about $3.8 billion at prices at the time. After excluding internal transfers between the government's own addresses, this transfer, based on labeled government addresses, ranks 9th among the largest single-day BTC outflows in US government history, and is also the largest since December 2, 2024. BTC being transferred to Coinbase Prime does not mean the US government has already sold it, and on-chain transfers alone cannot confirm the specific purpose of the funds.

Odaily News — According to on-chain analyst Yu Jin, OG whale pinosaur.eth (0x0F8...605A) transferred 9,618 ETH (worth $24.58 million) that had been held for 9 years to Kraken and fully exited 6 hours ago, netting a profit of $24.21 million, a 65x return. The ETH can be traced back to 7,459 ETH withdrawn from Bitfinex in April 2017, when ETH was priced at $50.

Odaily News: According to Bitcoin News monitoring, Arkham reports that US government-linked wallets transferred approximately 4,695 BTC, along with WBTC and USDT, through a series of transactions today, involving total assets worth approximately $470 million. On-chain analyst @TimechainIndex independently flagged the same batch of approximately 4,695 BTC, distributed across 4 transactions. The assets are related to seizures tied to the Bitfinex hack and FTX/Alameda, with some assets already sent to Coinbase Prime deposit addresses. This transfer follows the US government's additional transfer to Coinbase Prime yesterday.