Gate Daily (October 15): The US encryption strategic reserve plans to increase by 14 billion dollars; Bitcoin and Ethereum ETF shrinks by over 750 million.

Bitcoin (BTC) price has further retraced, reporting around $112,807 on October 15. As part of a forfeiture case, the U.S. government may increase its Crypto Assets reserves by $14 billion. After the collapse of the Crypto Assets market, the U.S. Spot Bitcoin and Ethereum ETFs shrank by $755 million. Bhutan is migrating its national identification system to Ethereum.

Today's Outlook

1. China's M2 money supply (year-on-year) at the end of September was previously 8.8%.

2. China's September Producer Price Index (year-on-year) was -2.9%.

3. China's September Consumer Price Index (CPI) for residents (year-on-year), previous value was -0.4%.

4. The final value of France's Consumer Price Index (month-on-month) for September is -1.0%.

5, The change in non-farm employment in the U.S. for September (thousands), the previous value was 22

6. US August Trade Balance (billion USD), previous value was -78.3

7, The number of initial jobless claims in the United States last week (thousands) (to 1004), the previous value was 229

8. The unemployment rate in the United States for September was 4.3%.

Macro Events & Crypto Circle Hotspots

1. A U.S. federal court has released a criminal indictment involving a large-scale fraud scheme that may lead to an increase of $14 billion in national Bitcoin reserves. The U.S. Department of Justice announced on October 14 that authorities have filed a forfeiture lawsuit against 127,271 Bitcoins (BTC), valued at approximately $14.4 billion at the time of release. These Bitcoins are related to the indictment against Chen Zhi, the founder and chairman of a Cambodian company, who is accused of orchestrating a fraudulent Crypto Assets investment scheme.

2. Following the record-breaking Crypto Assets liquidation over the weekend, the total outflow of US Spot Bitcoin and Ether ETFs exceeded $755 million at the beginning of this week. According to SoSoValue data, the Bitcoin ETF experienced a net outflow of $326.52 million. The Wise Origin Bitcoin Fund (FBTC) under Fidelity had the largest outflow, totaling $93.28 million; the Grayscale Bitcoin Trust Fund (GBTC) saw an outflow of $145.39 million.

3. The South Asian country of Bhutan is migrating its sovereign identification system from Polygon to Ethereum so that its nearly 800,000 residents can verify their identification and access government services. Aya Miyaguchi, the chair of the Ethereum Foundation, stated that the integration with Ethereum has been completed, and the migration of all resident credentials is expected to be finished by the first quarter of 2026.

Market Trend

1. Latest news on Bitcoin: [Bitcoin] (/buy-bitcoin-btc) price has further retraced, currently reported at around 112,807 USD, with a liquidation of 171 million USD in the past 24 hours, mainly closing long positions;

2. The tense trade situation between the US and China caused the US stock market to experience a rollercoaster ride on October 14, with the Dow Jones Industrial Average recording its largest intraday rebound since April. The S&P 500 Index and the Nasdaq Composite Index, however, fell. The Dow Jones Industrial Average rose by 202.88 points, an increase of 0.4%, closing at 46,270.46 points; the S&P 500 Index fell by 10.41 points, a decrease of 0.6%, closing at 6,644.31 points; the Nasdaq Composite Index dropped by 172.91 points, a decrease of 0.8%, closing at 22,521.70 points. The Philadelphia Semiconductor Index plummeted by 2.3%.

(Source: Gate)

3. In the Gate BTC/USDT liquidation map, based on the current 112,929.50 USDT, Bitcoin if it falls to around 111,957 USD, the total liquidation amount of long positions exceeds 219 million USD; if it rises to around 113,687 USD, the total liquidation amount of short positions exceeds 360 million USD. The liquidation amount for shorts is significantly higher than that for longs, suggesting reasonable control of leverage ratios to avoid triggering large-scale liquidations during market fluctuations.

(Source: Coinglass)

4. In the past 24 hours, BTC Spot inflow was 4.35 billion USD, outflow was 4.73 billion USD, with a net outflow of 370 million USD.

(Source: Coinglass)

5. In the past 24 hours, contracts such as $H, $ENSO, $BAS, $CLO, and $SNX have seen net outflows, indicating trading opportunities.

News Updates

1. Lighter will distribute 250,000 points to compensate traders affected by the market crash.

2. Citigroup CEO states that he supports tokenized deposits and emphasizes that the market is overly focused on stablecoins.

3. MARA Holdings' affiliated wallet received 400 BTC from Galaxy Digital, worth 45.24 million USD.

4. VanEck submitted an updated Solana staking ETF application to the SEC, with a fee of 0.30%.

5, “The high-profile exchange of ETH for BTC ancient giant whales” recharged 89 million USDC to CEX after closing the HL position.

6. Japan's regulatory authorities plan to ban insider trading in Crypto Assets.

7. FTX/Alameda redeemed 192,900 SOL from staking and distributed it to 28 addresses.

8. The new bill from the Republican Party in the United States aims to formalize Trump's executive order allowing 401(k) investments in crypto assets.

9. Ethereum treasury company SharpLink increases its holdings to 840,124 ETH

10, “The whale/institutional address that hoarded 133 million USD worth of ASTER” continues to transfer 7.937 million ASTER.

11. New York City Mayor Eric Adams established the nation's first mayoral-level office for digital assets and blockchain.

X KOL Selected Insights

Phyrex Ni (@Phyrex_Ni): “I was just about to write today's assignment when I saw the news about Trump's countermeasure. One could say Trump is smart; this countermeasure was issued less than 25 minutes before the US stock market closed. Although there was a decline in the US stock market as a direct feedback, it seems that Trump did not respond immediately but rather waited until the market was about to close, which often indicates that he might have utilized a company, especially in this case of Trump's countermeasure.”

“To put it simply, this countermeasure is not something that has been implemented on the ground. Of course, if this is the entirety of the countermeasure, Trump also mentioned China during the interview earlier, saying, 'We must remain vigilant against China. I have a good relationship with Xi Jinping, but sometimes it can become tense. I believe the relationship with China will be fine.' So overall, Trump still does not want to have a too rigid reaction with China. From the current situation, the US stock market has dropped nearly 1%, while the Crypto Assets have not shown much movement. I wonder if it’s because it dropped too much on the 11th that the market is now anticipating the China-US relationship, or that the leverage for BTC and ETH has been pretty much exhausted, so even if there are fluctuations, they won't be significant.”

“Looking back at the data for Bitcoin, today's turnover rate is indeed quite large. I wonder if it's a market reaction to tariffs, especially since there has been a significant reduction in holdings from investors who are in the red, possibly fearing that the tariff war could lead to a large adjustment like in April. However, from the current perspective, it seems to be okay, and the volatility of BTC is not significant. According to the URPD data, it also looks fine; although there have been exits from losing investors, the overall distribution remains stable without any obvious gaps. Let's wait and see, and observe if there will be further statements from China during the day on Wednesday.”