【2026.10.29 · Web3 On-Chain and Crypto Asset Briefing】
【Key Takeaway】
Net Bitcoin outflows from exchanges reached nearly 15,000 BTC in a single day, the highest level in five weeks. Sovereign capital and BlackRock are accumulating against the trend, while spot holdings around the $80,000 level remain firm. Although derivatives whales are hedging with short positions and options expiry is looming, shrinking spot supply has exhausted selling pressure. DTCC tokenization is accelerating and driving a structural bull market.
【Key 24H Moves and Event Breakdown】
• CryptoQuant founder: Bitcoin may resume its rally once uncertainty around the U.S. midterm elections fades: CryptoQuant founder Ki Young Ju said that the ETF engine has barely been running this year. Net inflows year to date are close to zero, yet Bitcoin is down only 7%.
• Microsoft Q3 earnings: Revenue up 19% year over year, beating market expectations; Azure cloud business grows 48%: BlockBeats reports that on October 29, Microsoft released its financial results for the third quarter of 2026 (ended September 30) early this morning Beijing time.
• U.S. stocks close slightly higher across all three major indexes, with storage, optical communications, and Neocloud stocks broadly rallying: BlockBeats reports that on October 29, according to data from the BIT stock platform, U.S. stocks closed higher, with the Dow up about 0.19%, the S&P 500 up about 0.28%, and the Nasdaq up about 0.27%.
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For the exclusive channel, see the pinned post on the homepage: #Web3 #Crypto #BTC
【Key Takeaway】
Net Bitcoin outflows from exchanges reached nearly 15,000 BTC in a single day, the highest level in five weeks. Sovereign capital and BlackRock are accumulating against the trend, while spot holdings around the $80,000 level remain firm. Although derivatives whales are hedging with short positions and options expiry is looming, shrinking spot supply has exhausted selling pressure. DTCC tokenization is accelerating and driving a structural bull market.
【Key 24H Moves and Event Breakdown】
• CryptoQuant founder: Bitcoin may resume its rally once uncertainty around the U.S. midterm elections fades: CryptoQuant founder Ki Young Ju said that the ETF engine has barely been running this year. Net inflows year to date are close to zero, yet Bitcoin is down only 7%.
• Microsoft Q3 earnings: Revenue up 19% year over year, beating market expectations; Azure cloud business grows 48%: BlockBeats reports that on October 29, Microsoft released its financial results for the third quarter of 2026 (ended September 30) early this morning Beijing time.
• U.S. stocks close slightly higher across all three major indexes, with storage, optical communications, and Neocloud stocks broadly rallying: BlockBeats reports that on October 29, according to data from the BIT stock platform, U.S. stocks closed higher, with the Dow up about 0.19%, the S&P 500 up about 0.28%, and the Nasdaq up about 0.27%.
...
For the exclusive channel, see the pinned post on the homepage: #Web3 #Crypto #BTC
