Gate Research Institute: Bitcoin returns above $110,000 ｜ Participate in Launchpool to share 6,000,000 CGN

Encryption Assets Overview

BTC (2.17% | Current Price 110,523 USDT)

Today, BTC is maintaining a strong oscillating trend overall. After receiving support at 109,000, the price is oscillating upwards and is currently around 110,500. The short-term moving average MA5 has crossed above MA10, forming a golden cross, indicating that bullish momentum has somewhat recovered. The MACD is also above the zero line, but the momentum has slightly weakened, suggesting that the upward force is slowing down. If the price can steadily stay above 110,200, it is expected to further challenge the resistance in the range of 111,000 to 112,000; if it falls below 109,600, it may test the support around 109,000 again. Overall, BTC is still leaning bullish in the short term, but caution is needed regarding the risk of a pullback due to insufficient volume.

ETH (1.18% | Current Price 3,873 USDT)

Today, ETH is showing a consolidating trend, with prices slightly rebounding after finding support around 3,750, currently maintaining narrow fluctuations around the 3,870 level. The short-term moving average MA5 has crossed above MA10, forming a slight golden cross, indicating a certain willingness for a short-term rebound, but the upper MA30 (approximately in the 3,850-3,870 range) still exerts pressure. The MACD fast and slow lines are tending to converge, with weak red histogram momentum, indicating a temporary balance of buying and selling forces in the market. If ETH can break through 3,900 and stay above it, there is hope for further upward movement toward the 3,950-4,000 region; however, if it falls below the 3,840 support, it may retest around 3,780. Overall, ETH is short-term biased towards a strong consolidation, and it is recommended to maintain caution in chasing highs and pay attention to the direction of range breaks.

GT (0.15% | Current Price 15.79 USDT)

Today, the GT price has repeatedly attempted to break through 16 USD but has failed, resulting in a pullback, currently maintaining a fluctuation around 15.8. The short-term moving averages MA5, MA10, and MA30 show a convergence with a downward trend, indicating a bearish short-term momentum. The EMA indicator also shows that the price is below the short-term moving averages, lacking strength for a rebound. The bulls' attempts to break through have been blocked, and market sentiment is cautious. If the price can regain a position above 15.90 and stabilize there, it is expected to challenge the 16.00 mark again; however, if it continues to break down below 15.70, it may retest the support around 15.50. Overall, GT appears to be in a weak short-term consolidation, and it is advisable to focus on high selling and low buying, paying attention to the breakout direction in the 15.70-15.90 range.

Daily Price Fluctuation Tokens

Most tokens continue to show a strong upward trend, with market sentiment soaring and capital activity significantly increasing. SOL leads mainstream coins with a rise of up to 6.40%, becoming the focal point. Additionally, tokens such as ARP, XPIN, WLFI, KHYPE, and PUMP recorded increases of over 6% and even 70%, highlighting the strong market enthusiasm and capital pursuit.

ARP aPriori (+70.64%, circulating market value 104 million USD)

According to Gate market data, the current price of ARP tokens is $0.5662, having increased by approximately 70.64% in the last 24 hours. aPriori is building an intelligent order flow coordination layer for high-performance encryption. Its architecture includes an order flow segmentation engine (which can classify transactions in real-time) and a traffic-aware routing engine that directs benign orders to efficient liquidity pools while isolating higher-risk orders to resilient paths. This system combines MEV capture with a redistribution mechanism to return value to stakers and validators for better coordination of incentive mechanisms.

The main reasons for the rise may include: aPriori recently completed a round of financing of $20 million, bringing the total financing to $30 million, supported by well-known investment institutions such as Pantera Capital, HashKey Capital, and Gate Labs, which has strengthened the market's confidence in its infrastructure capabilities and ecosystem expansion prospects. At the same time, the project recently announced an airdrop forecast, which has heightened community expectations. These positive factors have collectively driven a significant increase in ARP in a short period.

XPIN XPIN Network (+66.13%, Circulating Market Cap 133 million USD)

According to Gate market data, the current price of the XPIN token is $0.008, with a 66.13% increase in the last 24 hours. XPIN Network is a leading decentralized physical infrastructure network (DePIN) project on the BNB Chain, providing AI-driven decentralized communication infrastructure for a secure, efficient, and borderless connectivity experience. With a wireless network covering over 150 countries and regions worldwide, XPIN unlocks passive income opportunities while ushering in a new era of connectivity through Global eSIM, PowerLink, and AI dNFT. By reshaping the way the world connects, XPIN is building the next generation of decentralized carrier networks.

The significant surge of XPIN in the last 24 hours is mainly driven by the resonance of market funds and sentiment. On one hand, the project, with its narrative of “AI-driven decentralized communication infrastructure,” aligns with the current market's high attention to the DePIN track, attracting a large influx of funds. On the other hand, the recent increase in trading activity of XPIN on multiple exchanges has significantly improved liquidity, prompting short-term investors to chase higher entry points.

B2 BSquared Network (+24.55%, circulating market cap 93.83 million USD)

According to Gate market data, the current price of the B2 token is $1.97, having risen approximately 24.55% in the last 24 hours. The B² Network is a modular Bitcoin scaling solution. It introduces B² Rollup (the first Bitcoin Rollup based on zero-knowledge proof validation commitment), B² Hub (the first Bitcoin data availability layer to achieve finality for the Bitcoin network), and MiningSquared (the first Bitcoin mining pool to offer automatic subscription BTC yield products).

The B2 token has significantly surged in the past 24 hours, driven by multiple factors. On one hand, the market's renewed interest in the Bitcoin ecosystem has led to increased attention on the B² Network, which is proposed as a scalability solution for Bitcoin. Its innovative modules, such as B² Rollup and B² Hub, are considered key to advancing the programmability of the BTC ecosystem. On the other hand, the recent trading volume of B2 has significantly increased, with continuous capital inflows, coupled with potential news of new collaborations or launches, boosting market sentiment positively. Additionally, B2 had previously undergone a prolonged consolidation period, and under the influence of favorable news and liquidity, a technical breakout was triggered, attracting short-term capital to chase the price up, resulting in a strong rebound of about 24%.

Daily New Subscription

New Subscription Details

• Subscription Project: Cygnus
• Token Name: CGN
• New subscription time: until November 4, 2025, 18:00 (UTC+8)
• Participation method: Stake GUSD, USDT, CGN to receive for free
• Total airdrop amount: 6,000,000 CGN

Project Introduction

Cygnus is the first Instagram App Layer that integrates on-chain and off-chain assets, empowering the creator economy. Based on Cygnus LVS, it drives billions of users into Web3.

Hotspot Interpretation

Bitcoin returns above $110,000, market sentiment boosted by policies and macro data.

The cryptocurrency market saw a rebound on Thursday, with Bitcoin briefly rising to $111,100, currently reported at about $110,700, a gain of approximately 2.7% within 24 hours, indicating a significant recovery in overall market risk appetite. Previously, Bitcoin experienced severe fluctuations, soaring to $114,000 on Tuesday before dropping below $107,000 on Wednesday, with movements resembling a “seesaw,” putting pressure on short-term traders. Meanwhile, mainstream coins like Ethereum, Dogecoin, and ADA have all risen by about 2%-3%, while Solana and BNB performed even better, with daily gains exceeding 5%.

Market participants believe that investors are focusing on the upcoming September Consumer Price Index (CPI), which will serve as an important reference for the Federal Reserve's interest rate decisions. The market currently widely expects that the Federal Reserve will cut rates by another 25 basis points at next week's meeting, and may further cut rates in December. Overall, favorable policies and expectations of macroeconomic easing have jointly driven the recent phase of recovery in the encryption market.

Cathie Wood invests in the Japanese Ethereum vault company Quantum Solutions

On October 24, 2025, Cathie Wood, founder and CEO of Ark Invest, announced on the X platform that she has officially invested in Quantum Solutions, a Japanese Ethereum treasury company, to further expand innovative channels in the global capital markets. This news has garnered attention within the industry and is seen as Wood's another strategic move in the layout of the Ethereum ecosystem.

According to Francis, the CEO of Quantum Solutions, the company recently purchased 2,365 ETH and plans to continue increasing its holdings. As of now, the company holds a total of 4,366.27 ETH and 11.6 BTC, demonstrating a strong confidence in the long-term development of Ethereum. Industry analysts believe that this investment not only highlights Ark Invest's positive outlook on the Ethereum ecosystem but also indicates that traditional capital is accelerating its penetration into the blockchain innovation sector.

A wallet from the “Satoshi Nakamoto era” that has been dormant for 14 years awakens, transferring 150 bitcoins, attracting attention.

On October 24, 2025, according to Onchain Lens, a Bitcoin wallet that had been inactive for 14.4 years since the time of Satoshi Nakamoto suddenly awakened, sparking market discussions. The wallet initially held about 4,000 BTC (approximately 440 million USD), of which 150 BTC (about 16.56 million USD) was recently transferred to a new address. This action is seen as a rare “early Bitcoin whale” transfer event, igniting speculation within the encryption community regarding the identity of the wallet holder and their motives.

On-chain data also shows that this giant whale may have been conducting long-term BTC sales through another wallet, which had previously received 4,050 BTC (including the prior transfer of 50 BTC) from the currently active wallet, indicating that the two may belong to the same early holder or entity. Analysts believe that the awakening of such long-dormant wallets usually triggers market volatility and psychological pressure. Although the scale of the transfer of 150 BTC is limited, its symbolic significance is substantial and may once again remind the market that the flow of early Bitcoin funds can still impact the current market situation. <br> Reference materials:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Gate, https://www.gate.com/launchpool/BSU?pid=417
• Coindesk, https://www.coindesk.com/markets/2025/10/23/bitcoin-climbs-to-usd111k-as-whipsaw-action-in-crypto-continues
• Panews, https://www.panewslab.com/articles/c160e58c-6a95-440b-95c6-15b4a3ed6408
• Panews, https://www.panewslab.com/articles/90684fe9-08c2-4739-80c4-31980df28669

<br> Gate Research Institute is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate does not take responsibility for any losses or damages caused by such investment decisions.