Little Leek · Web3 On-Chain and Crypto Assets Insider Brief (10-04 Special Edition)
Benchmark period: 10-03 08:35 to 10-04 08:35 ｜ Web3 on-chain, first-hand research on vertical sectors
【Large Model Deep-Dive Research · Strategic Answers】
On-chain data shows dual characteristics: a polarization clearing-up effect and structural reshaping. Exchange and on-chain whale monitoring indicate that the high-altitude trapped positions built up about one to two years ago at costs around $970,000 are now taking the opportunity to de-leverage during rebounds. Meanwhile, large dormant assets are frequently being moved to exchanges. This is compounded by the scheduled concentration unlock of over $1.91 billion worth of tokens over the next month, putting spot liquidity on a severe stress test. From the macro perspective, long-end U.S. Treasury yields hitting the highest level since 2002 creates a liquidity-absorption “rainbow” effect, but spot spot Bitcoin ETF inflows led by institutions such as BlackRock—over $1.5 billion net buying in the recent months—provide a solid foundation for offsetting fiat depreciation trades. The infrastructure ecosystem is accelerating its differentiation: over 90% of public chains have daily fees of less than RMB 1,000, and lock-up volumes in speculative Layer-2 networks without bloodline mechanisms have fallen by more than 98%. In contrast, the tokenization of U.S. stocks, tokenized U.S. Treasuries, and the rapid compliance-driven growth of prediction markets have become the core engines for genuine capital deposits on-chain. Quantitative research suggests that in the short term, Bitcoin faces strong resistance around $87,000; the $82,500 to $83,000 range forms the effective support benchmark. The market has completely moved beyond the logic of broad “all-market rising” and has entered a structural evolution phase led by real protocol revenue and institutional pricing power.
【24H Core First-Hand Dynamic Checklist】
• Stablecoin payment infrastructure platform OpenPayd plans to list on Nasdaq by year-end, with a valuation up to $1.1 billion: OpenPayd plans to launch services in the U.S. by April 2027. Funds raised from the listing will be mainly used for U.S. expansion and potential acquisitions, including obtaining licenses and technology.
• Bitcoin breaks above 85,000 USDT: According to Bitget market data, Bitcoin has broken above 85,000 USDT and is currently at 85,004.25 USDT, up 0.57% on the day.
• Analysis: U.S. 30-year Treasury yields hit a new high since 2002. Bitcoin faces dual signals. BlockBeats reports that on October 3, the U.S. 30-year Treasury yield rose to the highest level since 2002, driven by record fiscal deficit spending and persistent inflation.
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First-hand long-form facts and AI deep analysis across the entire web have been同步 to the official website:
First-hand facts across the web and multidimensional AI deep analysis have been同步 to the official dashboard; the exclusive channel can be found on the homepage pinned post.
Benchmark period: 10-03 08:35 to 10-04 08:35 ｜ Web3 on-chain, first-hand research on vertical sectors
【Large Model Deep-Dive Research · Strategic Answers】
On-chain data shows dual characteristics: a polarization clearing-up effect and structural reshaping. Exchange and on-chain whale monitoring indicate that the high-altitude trapped positions built up about one to two years ago at costs around $970,000 are now taking the opportunity to de-leverage during rebounds. Meanwhile, large dormant assets are frequently being moved to exchanges. This is compounded by the scheduled concentration unlock of over $1.91 billion worth of tokens over the next month, putting spot liquidity on a severe stress test. From the macro perspective, long-end U.S. Treasury yields hitting the highest level since 2002 creates a liquidity-absorption “rainbow” effect, but spot spot Bitcoin ETF inflows led by institutions such as BlackRock—over $1.5 billion net buying in the recent months—provide a solid foundation for offsetting fiat depreciation trades. The infrastructure ecosystem is accelerating its differentiation: over 90% of public chains have daily fees of less than RMB 1,000, and lock-up volumes in speculative Layer-2 networks without bloodline mechanisms have fallen by more than 98%. In contrast, the tokenization of U.S. stocks, tokenized U.S. Treasuries, and the rapid compliance-driven growth of prediction markets have become the core engines for genuine capital deposits on-chain. Quantitative research suggests that in the short term, Bitcoin faces strong resistance around $87,000; the $82,500 to $83,000 range forms the effective support benchmark. The market has completely moved beyond the logic of broad “all-market rising” and has entered a structural evolution phase led by real protocol revenue and institutional pricing power.
【24H Core First-Hand Dynamic Checklist】
• Stablecoin payment infrastructure platform OpenPayd plans to list on Nasdaq by year-end, with a valuation up to $1.1 billion: OpenPayd plans to launch services in the U.S. by April 2027. Funds raised from the listing will be mainly used for U.S. expansion and potential acquisitions, including obtaining licenses and technology.
• Bitcoin breaks above 85,000 USDT: According to Bitget market data, Bitcoin has broken above 85,000 USDT and is currently at 85,004.25 USDT, up 0.57% on the day.
• Analysis: U.S. 30-year Treasury yields hit a new high since 2002. Bitcoin faces dual signals. BlockBeats reports that on October 3, the U.S. 30-year Treasury yield rose to the highest level since 2002, driven by record fiscal deficit spending and persistent inflation.
————————————
First-hand long-form facts and AI deep analysis across the entire web have been同步 to the official website:
First-hand facts across the web and multidimensional AI deep analysis have been同步 to the official dashboard; the exclusive channel can be found on the homepage pinned post.
