Bitcoin's rally after breaking through $126,000 in October is nearing its end, and market indicators suggest a bear market may be beginning. Liquidity has become the new driver, and the historical halving pattern still exists but in a different form. Technical indicators and on-chain data confirm that a turning point has arrived, with institutional capital becoming the main participants, and retail investors should operate cautiously. Although long-term optimism for Bitcoin remains, in the short term, risks should be avoided, and cash reserves maintained.

The Financial Stability Oversight Council in the United States no longer considers cryptocurrencies as a financial risk in its 2025 annual report and has removed the term "vulnerability." The report affirms the value of digital assets, especially expressing a positive outlook on the prospects of USD stablecoins, believing they could strengthen the US dollar's position in the global financial system, indicating a subtle shift in regulatory perception.

Opening: The Practical Dilemma of MACD Parameters
In technical analysis, MACD (Moving Average Convergence Divergence) is a must-have tool for many traders. However, when faced with numerous parameter combinations, many people feel confused—should they use the standard settings or customize the parameters? This seemingly simple choice actually directly affects your entry and exit timing as well as profit opportunities.
MACD consists of three core components: the fast line (representing short-term market response), the slow line (showing long-term trend momentum), and the histogram (visualizing market signals). This combination not only captures trend momentum but also warns of market reversals. However, to truly incorporate MACD into your trading system, parameter adjustment is the key to success or failure.
Default Parameters 12-26-9: Common but Not Necessarily Optimal
The default MACD values on major trading platforms are (12-26-9). What does this combination signify? The fast line EMA (12)

Swift and Citibank completed a Payment-versus-Payment settlement trial, successfully achieving seamless interaction between fiat currency and digital currency, demonstrating the feasibility of traditional finance and blockchain. The trial used Ethereum's Sepolia testnet and USDC, marking a profound transformation in financial interaction methods and laying the foundation for future payment infrastructure efficiency and transparency.

Recently, the privacy coin market has experienced intense volatility, with currencies like ZEC dropping sharply, indicating a shift in bullish and bearish forces. Funding rates have turned from negative to positive alongside price declines, and technical analysis also shows signs of bullish momentum exhaustion. The overall privacy coin sector may be under pressure due to a decline in market risk appetite. Investors should exercise caution, remain patient, avoid blindly bottom-fishing, and focus on risk management.

The article discusses the confrontation between traditional finance and cryptocurrencies in "future value storage." Traditional finance, such as on-chain gold, leverages blockchain technology to enhance gold, while Bitcoin represents a decentralized form of value storage. Both have their own logic and advantages, and the market will ultimately determine the future choice.

Among major global assets, the US gold reserves have long been considered a key support for the dollar's credibility. However, a recent detail has sparked market attention: the US gold reserves have not undergone an independent audit in half a century, with the last review dating back to 1974. The exposure of this timeline has prompted a re-examination of those seemingly "ironclad" official reserve figures.
Gold vs Bitcoin: The Asset Scale Gap Is Narrowing
Currently, out of approximately 200,000 tons of gold mined worldwide, the US holds 8,133 tons, making it the largest holder. Based on current market valuations, the total market value of gold is about $17 trillion. In comparison, although Bitcoin's circulating market cap has reached approximately $1.759 trillion, it is still only one-tenth of gold's value. However, this gap is narrowing each year, as Bitcoin's appeal as an alternative asset continues to grow.
Vulnerabilities in Reserve Management
The US gold reserves are stored in four

Market Dilemma: The Truth Behind the Sudden Crash
Binance Coin has fallen from a high of $845.80 in the past 24 hours, breaking through the 5% psychological threshold. From a technical perspective, the MACD death cross continues to widen, the lower Bollinger Band has been breached, trading volume has surged abnormally, and large transfers are frequently flowing into exchanges, indicating clear selling pressure. However, behind this decline, besides worsening market sentiment, external factors such as the FTX financial crisis are also sending negative signals, intensifying the bearish short-selling enthusiasm. In the short term, the bearish sentiment has overwhelmed the community, and panic is spreading.
Technical Analysis: Oversold Signals Emerge
The RSI indicator has entered the oversold zone, and divergence on the daily chart has initially appeared, usually signaling that a rebound window is quietly opening. Although the moving average system is still in a bearish alignment, the support level at 885 has turned into resistance, and the 850-875 zone below has become a critical line of life and death. If this line is held, the rebound momentum will be rekindled; if the price effectively breaks below 870, then it will be necessary to wait

BNB is currently consolidating around $845.90. This recent correction has caused many retail investors to lose confidence. However, if you only look at the surface-level 24-hour price decline, you will miss the bigger picture happening behind the scenes — the quiet accumulation by institutional funds.
From a technical perspective, there are indeed concerns, but bottom signals are already emerging.
Short-term technical indicators are quite bearish: MACD death cross, EMA in a bearish alignment, RSI entering oversold territory. These may look alarming, but they are actually signs of a bottom forming. The $850 level has become a support line; multiple tests have not resulted in a decisive break, suggesting that institutional funds may be quietly accumulating.
Secrets Revealed by Institutional Movements
The most telling evidence comes from on-chain data. CEA Industries has recently increased its holdings of BNB significantly, adding 15,000 tokens, bringing its total to 515,000 tokens worth over $460 million. The increase in corporate-level holdings indicates that the institutional players are quietly accumulating.

Bitcoin trading success or failure often depends on whether you understand the true mechanics of the market. The fundamental reason many retail investors suffer losses is the lack of grasping the operational mindset of institutional investors. The ICT (Inner Trader) concept is the key to unlocking this door.
What is ICT? Redefine your understanding of the market.
What is the concept of ICT? Simply put, it is a market analysis framework created by Michael J. Huddleston, specifically used to identify where large institutions are positioning and how they move prices. Rather than calling it an indicator, it’s more like a "mind-reading" tool—helping you understand what the smart money controlling market liquidity is thinking.
ICT is no longer mysterious. Its core logic is straightforward: institutions do not randomly push up or suppress prices; every step is purposeful. They need liquidity, they need to accumulate positions at key points, and they need to lure retail traders.

What does the completion of the China-Laos Railway mean for Laos? When this small Southeast Asian country decided to overextend its national strength to invest in this project, perhaps even they didn't expect it to bring such a large chain reaction. After the railway opened, Lao farmers' bananas and cassava no longer could only be shipped to Vietnam, but could be directly transported to the Kunming market. Transportation costs have significantly decreased, and these agricultural products' competitiveness in the Chinese market has instantly improved.
China's support policies are quite generous: zero tariffs and no restrictions on import quantities, providing Lao agricultural products with smooth sales channels. This is not just about trade facilitation but also offers a resource-based country a chance to replan its economic structure. 95% of Lao agricultural products can smoothly enter the Chinese market, reflecting the depth of cooperation between the two sides.
But agricultural products are just the beginning. Laos' underground potassium mineral resources have long been underdeveloped, with gaps in technology and funding being bottlenecks. In the joint development of China and Laos,

A Trade Confrontation Lasting Over Two Years
In the summer of 2018, the United States launched a tariff barrage against Chinese goods under the guise of unfair trade practices, marking the beginning of the most intense trade conflict in modern economic history. From July 6, 2018, to August 25, 2020, this 782-day trade war underwent several rounds of escalation and negotiations. The two countries imposed tariffs on hundreds of billions of dollars worth of goods, causing upheaval in the global supply chain and continuously increasing market uncertainty.
The Full Context of the Escalation
Phase One: Rapid Escalation in 2018
The conflict first ignited on July 6, 2018. The United States imposed a 25% tariff on $34 billion worth of Chinese imported goods. China responded immediately with retaliatory tariffs of the same scale. In less than two months, a second wave of impact arrived—on August 23, the U.S. targeted an additional $16 billion worth of Chinese goods, again at a 25% tariff rate, and China

Ethereum(ETH) is currently at a critical turning point. From a technical perspective, the logic behind this wave of movement is quite clear: bottoming out after a sharp decline → exhaustion of the bears' strength → the start of a rebound cycle.
Four-hour chart pattern analysis
Key changes in the pattern structure
ETH started rising from around 2620, which has been confirmed as a bottom support level. The current price has returned to the middle band of the BOLL( around 2850), and the trend has shifted from a "one-sided decline" to a "range-bound rebound." The upper BOLL band at approximately 2975 becomes the first resistance level.
The entire pattern resembles a long-suppressed force ready to be unleashed — that tense feeling of "impending explosion" is clearly reflected on the chart.
Indicator signal warm-up phase
MACD turning signs
The green bars continue to contract, indicating that bullish funds are beginning to add in an orderly manner. The DIF has already turned strongly upward, signaling the beginning of a bullish trend.

The ongoing US government shutdown continues to escalate, disrupting the economic calendar once again. The release of the October non-farm payroll data, originally scheduled for 21:30 on November 7th in Eastern Time, faces the possibility of being delayed, marking the second consecutive month of postponement for this data.
Record Delay for Non-Farm Data
The September non-farm employment report also failed to be released on time, and now the October data is once again stalled. The US Department of Labor has explicitly stated that it will only release this important economic indicator once the government resumes normal operations. Until then, all economic data release plans are on hold.
Political Battles Intensify Shutdown Duration
To end this government operation crisis, the US Senate plans to vote on a new temporary funding bill this Friday. However, the Senate has already experienced 14 failed votes, setting a new record for shutdown duration, and the outlook remains uncertain.
As a reflection of the US labor market

The Hong Kong Securities and Futures Commission is accelerating the development of regulatory frameworks for digital asset trading and custody services, aiming to create a secure trading environment. Currently, the market has approved various tokenized financial products, with a total market size reaching $3 billion. Experts believe that establishing a systematic regulatory framework will promote the standardized development of the market and enhance investor protection.

Ho Chi Minh City Finance Department recently signed a Memorandum of Understanding with an international digital asset platform, marking an important step for Vietnam in promoting blockchain technology applications and building an international financial hub. According to the agreement, both parties will engage in in-depth cooperation in areas such as training, technical consulting, and blockchain practical applications, jointly exploring innovative development paths for the digital financial ecosystem.
High-level officials witness the signing, demonstrating policy support
The signing ceremony took place during the Fall 2025 Economic Forum, attended by Vietnamese Prime Minister Pham Minh Chinh, Ho Chi Minh City leadership, representatives from relevant ministries, and heads of international investment funds. The presence of top leaders fully reflects the Vietnamese government’s firm commitment to developing the digital economy and constructing an international financial center.
This Memorandum of Understanding is not just symbolic but also represents a series of concrete joint actions and project launches. Both parties will focus on the practical application of blockchain technology and develop systematic cooperation