[Glassnode: Bitcoin May Face Deeper Correction Risks Without New Catalysts] Glassnode warned in its latest report that if Bitcoin's price fails to break through the critical resistance level of $120,000, it may face deeper correction risks. The report pointed out that historical data shows when the price fails to hold this range, it often signals a medium- to long-term downward trend. Additionally, the recent increase in profit-taking behavior by long-term holders may suggest weakening market demand. Hyblock Capital CEO Shubh Varma stated that Bitcoin's market performance this month might be relatively volatile, with the price fluctuation range expected to be between $116,000 and $120,000. Meanwhile, 21Shares strategist Matt Mena believes that with the accumulation of favorable macroeconomic factors and institutional capital inflows, Bitcoin could potentially challenge the high of $150,000 by the end of the year.

The current price of ETH is $3995.83, with a drop of 2.76% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 270 million US dollars, with the main liquidation being multiple orders and ETH liquidation being 66.03 million US dollars (24.42%). The data is for reference only.

[He Yi Responds to Binance Alpha Airdrop Difficulty Issues] On October 16, in response to community users reporting difficulties in claiming the Binance Alpha airdrop due to technological interference, Binance Co-Founder He Yi responded on the X platform, stating that risk control measures will be strengthened and welcoming user suggestions on 'eliminating' technological interference. According to user feedback, the airdrop was fully claimed in less than 10 seconds, making it difficult for individuals to compete with technological methods.

[Bitcoin Developer Greg Maxwell Discusses the Cost of Open Systems] Bitcoin Core developer Greg Maxwell posted on Bitcointalk, stating that Bitcoin Core adheres to the principles of personal freedom and autonomy, acknowledging that open systems inevitably involve waste or foolish traffic as part of their cost. He emphasized that minor improvements related to spam should not compromise Bitcoin's core attributes, as these attributes are the fundamental reason for Bitcoin's existence.

The supply deluge was quickly reversed with burn mechanism.