Investment products in the cryptocurrency market have seen four weeks of inflows, with $179 million added in the week ending October 20th, according to CoinShares' fund flows report. Bitcoin investment products received the majority of inflows, bringing year-to-date inflows to $315 million. However, the recent inflows are still lower than those seen earlier this year when BlackRock first filed for a spot Bitcoin ETF. Solana products also saw significant inflows, while Ether products experienced outflows. Interest in a spot Bitcoin ETF surged following positive signs of approval and a Bitcoin rally.

According to Coinglass data, in the past 24 hours, the total amount of liquidation on the entire network exceeded 351 million US dollars, with short positions accounting for 274 million US dollars, of which Bitcoin liquidation was about 194 million US dollars, and Ethereum liquidation was about 46.82 million US dollars.

On Tuesday, the dollar weakened against a basket of currencies, following a drop in Treasuries yields as investors awaited key U.S. economic data ahead of the Federal Reserve's monetary policy meeting next week. The dollar index lost over 0.5% in the previous session, sitting at around 105.57. The market is now focused on the flash purchasing managers' index (PMI) data and gross domestic product (GDP) report, which could set market expectations ahead of the Fed's meeting on Oct. 31 - Nov. 1.

CoinGlass statistics show that in the past two hours, the market has liquidated about $1 billion worth of open Bitcoin contracts, making it the largest short liquidation event so far this year.

Bitcoin surged by 14% to reach a 2-1/2 year high of $34,283 in early Asia hours on Tuesday, amid speculation that the US may approve a bitcoin exchange-traded fund. The cryptocurrency was last up by 10% at $33,030, while its smaller rival, ether, rose by 6% to $1,763. The news has sparked interest among investors, who are closely watching the developments in the cryptocurrency market.

According to Bitget market data, around 6:30 this morning Beijing time, the Bitcoin price once reached a high of 35,919 USDT, currently reporting at 33,145 USDT, with a 24-hour increase of over 10%. In addition, Ethereum has broken through 1800 USDT, currently reporting at 1769 US dollars, with a 24-hour increase of 6.6%.

On October 24th, Bloomberg ETF analyst Eric Balchunas posted on social media that BlackRock's iShares Bitcoin Trust has been listed on the Depository Trust & Clearing Corporation (DTCC) with the stock code IBTC. This is a step in the ETF listing process and the first Bitcoin trust to be listed on DTCC.

According to Bloomberg ETF analyst Eric Balchunas, "BlackRock may have already received the green light, or it's just assuming and preparing for everything. We still believe that many ETFs will be launched together, rather than BlackRock being approved first." Earlier reports stated that BlackRock's iShares Bitcoin Trust has been listed on DTCC with the code IBTC.

According to OKX market data on October 24th, Bitcoin fell below $33,000 and is currently priced at $32,687 with a 24-hour increase of 8.9%. The market is volatile, so investors should be cautious.

Bitcoin's price has surged by 14% in the past 24 hours, breaking through the $34,000 mark for the first time since May last year. The sudden uptick in price is attributed to a fresh wave of interest in upcoming spot ETF approvals and a significant increase in overall trading volumes across spot markets. Investment giant Blackrock may soon begin the process of "seeding" their spot ETF product, which is seen as another step in the process of launching. The sudden move upwards has left crypto market commentators and community members dumbfounded.

With BTC surging to $31,000, there has been a large-scale liquidation in the cryptocurrency market. CoinGlass data shows that the cryptocurrency market has seen nearly $180 million in liquidations in the past 24 hours, with 75% being short positions. Bitcoin futures contracts contributed the largest portion to the liquidation wave, followed by Ethereum, and then altcoins Chainlink (LINK) and Solana (SOL).

The market shows BTC breaking through $32,000, currently trading at $32,006, with a daily increase of 7.29%. The market is volatile, please be prepared for risk control.

According to a report by ByteTree analysts on Monday, despite Bitcoin's rebound to over $30,000, the activity on the Bitcoin blockchain presents a more pessimistic outlook. Analysts Shehriyar Ali and Seran Dalvi pointed out that BTC transaction volume has dropped 50% in a month, and network economic throughput is also in a declining trend, meaning that BTC prices are entirely driven by expectations of positive news, which may not be healthy in the short term. Analysts identified the range of $26,750 to $28,250 as a support area for BTC prices.

According to OKX market information, Bitcoin briefly touched $31,000 and is now priced at $30,896, with a 24-hour increase of 3.37%.

As of September 24, 2023, MicroStrategy has purchased approximately 15,8245 bitcoins for a total price of about 4.68 billion US dollars, with an average holding price of 29,582 US dollars.

On X platform, blockchain detective ZachXBT stated that an entity transferred about 4,800 BTC (worth $144 million) from the Abraxas dark web market. The market was involved in an exit scam in November 2015 and has been dormant since then. The entity collected the funds and deposited them into a Bitcoin mixer.

According to Bitcoin News on social media, as reported by Golden Finance, except for Argo Blockchain and TeraWulf, the return rates of all mining stocks from the beginning of the year have outperformed Bitcoin, averaging around 150%, while Bitcoin is at 84.61%, according to CoinGecko's data.

Crypto Rover, a prominent KOL in the cryptocurrency industry, stated on X platform that the Asian market is the true "driving force" behind the recent surge in Bitcoin prices.

On October 23, Ernst & Young stated that investors buy Bitcoin as an asset, not as a payment tool.

Bitcoin.com has revealed the latest data from bitcointreasuries, which shows that Block.One still holds more BTC than MicroStrategy. It is reported that MicroStrategy currently holds 158,245 BTC, while Block.one, the company behind the development of the EOS network, holds 164,000 BTC.