According to the source, Tether reported approximately $10 billion in profit so far in 2025 in its latest financial update. Source: Tether financial update, 2025. The issuer’s earnings are primarily driven by interest income from U.S. Treasury bills and other cash-equivalent reserves that back USDT. Source: Tether Q1 2024 Attestation by BDO; Tether Transparency report. Tether has disclosed building excess reserves and holding portions of reserves in U.S. Treasuries, gold, and BTC, which can strengthen redemption capacity and peg stability during stress. Source: Tether Quarterly Reports 2023–2024; Tether Reserves Composition disclosures. For traders, stronger profitability and larger buffers typically translate into deeper USDT-quoted liquidity on spot and derivatives markets for BTC and ETH, and lower perceived counterparty risk. Source: Kaiko Research 2024 on USDT share of centralized exchange volume; BIS analysis on stablecoin backing and market functioning. Key watchpoints are USDT circulating supply changes, exchange netflows, and stablecoin funding rates, as shifts in these metrics often precede moves in crypto liquidity and basis. Source: Glassnode and CryptoQuant market analytics primers; Kaiko market microstructure reports. Interest-rate direction and U.S. Treasury bill yields will influence Tether’s interest income trajectory, which in turn may affect how aggressively it can grow excess reserves. Source: U.S. Treasury yield data; Federal Reserve policy documentation.

According to @lookonchain, two newly created wallets withdrew 2,000 BTC worth about USD 220 million from Binance within the past two hours, indicating whale accumulation; source: @lookonchain. The two recipient addresses are visible on the Arkham Intelligence explorer, corroborating the on chain transfers; source: Arkham Intelligence via @lookonchain. Traders can monitor subsequent movements from these addresses to gauge exchange outflow dynamics for BTC; source: Arkham Intelligence data cited by @lookonchain.

According to @lookonchain, SpaceX transferred 281 BTC worth about USD 31.28M to a new wallet, based on Arkham Intel entity data shared in the post, which is directly relevant to whale-flow monitoring for BTC traders; source: Lookonchain on X; intel.arkm.com/explorer/entity/spacex. @lookonchain adds this is the third movement of SpaceX-linked BTC in the past 10 days and suggests the activity is likely custody-related, which frames the transfers as consolidation rather than imminent sell pressure; source: Lookonchain on X. For trading execution and risk management, @lookonchain’s link to the Arkham entity enables tracking of follow-on flows to exchanges versus self-custody, a key signal for short-term liquidity and volatility setups in BTC; source: intel.arkm.com/explorer/entity/spacex; Lookonchain on X.

According to @lookonchain, early Bitcoin whale Owen Gunden deposited 1,448 BTC (about 164 million dollars) to the centralized exchange Kraken roughly four hours before the post. Source: Lookonchain on X: x.com/lookonchain/status/1983378308567011393 According to @lookonchain, the address linked to Gunden holds a total of 10,959 BTC valued around 1.19 billion dollars, highlighting concentrated supply that has recently moved to an exchange venue. Source: Lookonchain on X: x.com/lookonchain/status/1983378308567011393

According to @FarsideUK, BlackRock’s iShares Bitcoin Trust IBIT recorded a net inflow of 65.3 million dollars in the latest daily Bitcoin ETF flow update for Oct 28, 2025, source: Farside Investors @FarsideUK Twitter post Oct 28, 2025 and Farside data page farside.co.uk/btc. For traders, net creations in spot Bitcoin ETFs require the trust to obtain additional BTC to back new shares, linking sustained inflows to incremental spot demand, source: BlackRock iShares Bitcoin Trust prospectus on sec.gov and issuer disclosures. Monitoring whether inflows persist or reverse across multiple sessions via the Farside dashboard can help gauge short-term BTC liquidity and momentum risk, source: Farside Investors Bitcoin ETF flow tracker farside.co.uk/btc.

According to the source, a social media post on 2025-10-27 claims Circle minted 7.75 billion USDC in the past month, including 750 million today; this figure requires independent confirmation for trading decisions. source: user-submitted social media post dated 2025-10-27 Traders should verify the claim on Circle’s USDC Transparency page, which publishes live circulating supply and daily mint/burn activity. source: Circle USDC Transparency Cross-check large recent USDC mint events from Circle Treasury wallets on Ethereum and other supported chains using block explorers to validate size, timestamps, and destinations. source: Etherscan USDC token tracker; Circle USDC multichain documentation If confirmed, monitor USDC exchange netflows alongside BTC and ETH order book depth and funding rates to assess liquidity conditions before positioning. source: major exchange APIs; Kaiko market data; CryptoQuant metrics

According to @FarsideUK, WisdomTree’s U.S. spot Bitcoin ETF (BTCW) recorded $0 million in net daily flow, indicating no creations or redemptions for the session (source: Farside Investors, farside.co.uk/btc). Based on this zero flow, there was no incremental primary-market buy or sell pressure on BTC from BTCW today, keeping issuer-driven demand neutral (source: Farside Investors, farside.co.uk/btc). For traders, a flat flow print reduces ETF-driven signals for intraday direction, so near-term BTC price action may hinge more on spot liquidity and derivatives positioning until new flows materialize (based on the reported data; source: Farside Investors, farside.co.uk/btc). Monitoring Farside’s dashboard for any late updates or subsequent days’ flows can help gauge whether institutional demand reaccelerates or stays muted (source: Farside Investors, farside.co.uk/btc).

According to @justinsuntron, WBTC is now available on the Tron network, with the announcement referencing an official X post by WrappedBTC titled WBTC on Tron. Source: @justinsuntron on X, Oct 21, 2025; x.com/WrappedBTC/status For traders, this points to a new venue for BTC exposure via WBTC on Tron; monitor WBTC-TRX pairs, Tron-based DEX volumes, and bridge spreads once WrappedBTC publishes the official contract details for the Tron deployment. Source: @justinsuntron on X referencing WrappedBTC’s post

According to Lookonchain, SpaceX moved another 2,495 BTC valued around USD 268.47M after three months, source: Lookonchain on X. Lookonchain also reports that wallets labeled as SpaceX now hold 5,790 BTC worth about USD 624.63M, corroborated by the Arkham Intelligence SpaceX entity page, source: Lookonchain on X and Arkham Intelligence SpaceX entity. Traders should monitor the SpaceX entity and any exchange-directed flows to assess near-term liquidity risk following this transfer, source: Arkham Intelligence SpaceX entity and Lookonchain on X.

According to the source, a social media post dated Oct 21, 2025 attributes the quote 'Never sell your Bitcoin' to Bo Hines and links him to Tether; this attribution is unverified pending confirmation from Tether’s official channels or the individual’s verified account. Source: user-provided X post dated 2025-10-21. If confirmed, the stance would align with Tether’s disclosed policy to allocate up to 15% of net realized operating profits to Bitcoin as part of its reserves strategy. Source: Tether company blog announcement on its Bitcoin treasury allocation policy, May 2023. For trading, avoid acting on the headline without a primary source; instead monitor net USDT issuance on Tether’s Transparency page for liquidity signals that can influence BTC market depth and volumes, and corroborate with exchange derivatives funding and open interest data before positioning. Sources: Tether Transparency page; major exchange derivatives dashboards.

According to the source, US spot BTC ETFs recorded $1.23 billion in weekly net outflows and US spot ETH ETFs saw $311.8 million in net outflows. These reported outflows indicate net redemptions that typically require authorized participants to sell underlying BTC and ETH to meet cash needs, increasing realized sell pressure, per ETF creation and redemption mechanics disclosed by ETF issuers and the SEC. For traders, sustained weekly outflows reduce marginal buy-side demand from the ETF channel and can tighten on-exchange liquidity during US hours, per standard ETF flow accounting and primary market mechanics disclosed by ETF issuers and the SEC.

According to the source, a claim was posted on X that Tether minted 1,000,000,000 USDT to a treasury address, signaling potential new stablecoin supply pending allocation, source: X post. Traders should verify by checking authorized versus circulating USDT on Tether’s Transparency page and locating any mint transaction on Etherscan or Tronscan before taking positions, source: Tether Transparency; Etherscan; Tronscan. If confirmed, monitor USDT exchange balances and stablecoin inflows to major venues as leading indicators for BTCUSDT and ETHUSDT liquidity, source: CryptoQuant; Glassnode; Kaiko. Watch perp basis and funding for BTC and ETH alongside USDT dominance for risk-on confirmation as liquidity migrates to derivatives, source: Binance Futures; Deribit; TradingView. Note that treasury mints may be inventory replenishment and do not increase circulating supply until issued to exchanges or counterparties, so price impact depends on subsequent flows, source: Tether Transparency; Etherscan; Tronscan.

According to the source, several market makers including Wintermute paused trading during last week’s Bitcoin flash crash, which reduced on-exchange liquidity and contributed to sharper price swings. The source reports that as liquidity providers stepped back, bid-ask spreads widened and slippage increased across BTC pairs, intensifying the move. The source adds that market maker risk controls triggered temporary trading halts to manage adverse selection, removing order book depth and exacerbating short-term volatility, a key consideration for traders focused on execution quality.

According to @paoloardoino, 181B USDT was posted, highlighting the current scale of Tether’s stablecoin float (source: Paolo Ardoino on X, Oct 16, 2025). Traders commonly use changes in stablecoin supply as a proxy for crypto buying power via Glassnode’s Stablecoin Supply Ratio metric (source: Glassnode, Stablecoin Supply Ratio documentation). USDT is the dominant quote asset on centralized exchanges, linking its float to spot and perpetual market liquidity for BTC and ETH (source: Kaiko market structure research). Near term, watch USDT-quoted order book depth, stablecoin dominance, and BTC/ETH funding and basis for potential liquidity spillovers (source: Kaiko order book and derivatives analytics).

According to @FarsideUK, the Bitwise Bitcoin ETF reported US$0 million net flow on Oct 15, 2025, indicating no net inflow or outflow for the day; source: Farside Investors, farside.co.uk/btc, Oct 15, 2025. The post also states that 10% of profits from this product are allocated to Bitcoin developers; source: Farside Investors, farside.co.uk/btc, Oct 15, 2025. Full dataset and disclaimers are available at farside.co.uk/btc for verification; source: Farside Investors, Oct 15, 2025.

According to the source, Sony, via its online banking division, has filed for a U.S. OCC national banking charter to offer crypto and stablecoin services, joining a cohort of applicants that includes Stripe, Coinbase, Paxos, and Circle. Based on the source's report, if the charter is approved, Sony could expand federally regulated fiat on/off ramps and stablecoin functionality, which traders often associate with deeper liquidity and tighter spreads in BTC and ETH spot pairs. According to the source, key watchpoints for traders include OCC review milestones, any stablecoin product announcements, and integration pathways with exchanges and wallets, which could influence stablecoin market share dynamics versus USDT and USDC and impact funding rates. Based on the source's report, monitoring parallel progress by the cited applicants (Stripe, Coinbase, Paxos, Circle) can help gauge the timeline and competitive pressure on U.S.-based crypto banking infrastructure.

According to @glassnode, The Bitcoin Vector #25 is a Bitcoin-only report created in collaboration with Willy Woo that combines Swissblock’s framework with Willy’s on-chain analytics. Source: @glassnode. The analysis focuses on BTC sentiment, market structure, and liquidity to frame trading conditions and a Bitcoin-centric market view. Source: @glassnode.

According to the source, 346 entities now hold BTC, with 19 joining in the past 30 days, indicating incremental adoption that can influence near-term liquidity and demand, source: original X post shared by the user. Entity growth can tighten tradable supply when coins are kept off-exchange and held by long-term cohorts, a dynamic historically associated with stronger spot market regimes, source: Glassnode Research; Coin Metrics State of the Network. For trading confirmation, monitor BTC exchange balances, long-term holder supply, and US spot BTC ETF net flows; declining exchange reserves and rising LTH supply have aligned with bullish price momentum, while positive ETF inflows have coincided with uptrends in 2024, source: Glassnode; Bloomberg Intelligence; Coin Metrics. Risk signals include a rise in exchange balances, elevated funding/basis with weakening ETF inflows, and growth in short-term holder dominance, which have preceded pullbacks during past cycles, source: Glassnode; Kaiko; Bloomberg Intelligence.

According to @FarsideUK, Invesco’s U.S. Bitcoin spot ETF recorded US$0 million net flow for the day on Oct 11, 2025 (source: Farside Investors BTC ETF flow tracker and X post). This indicates no net primary creations or redemptions for the fund on the reported date, meaning no net cash movement via the ETF channel from this issuer that day (source: Farside Investors).

According to @FarsideUK, Grayscale’s US spot Bitcoin ETF (GBTC) posted a daily net outflow of $5.7 million on Oct 10, 2025, highlighting modest capital withdrawal from BTC exposure via the fund, source: Farside Investors tweet and Farside BTC ETF Flows page. A negative daily flow represents net redemptions rather than creations, indicating investor outflows from the vehicle on the day, source: Farside BTC ETF Flows page. Traders monitor issuer-level ETF flows as a high-frequency gauge of spot BTC demand around US sessions, with Farside’s dashboard providing the intraday context, source: Farside BTC ETF Flows page. For full market read-through, Farside aggregates all US spot Bitcoin ETF flows to determine whether total daily net flow is positive or negative, which helps assess near-term BTC liquidity conditions, source: Farside BTC ETF Flows page.