News

Jinse Finance reported that Cryptoquant analyst Axel Adler Jr released a market analysis stating that over the past month, the activity of "old coins" has remained at a moderate level. The Average Spent Output Lifespan (ASOL) of tokens moved per day briefly rose to 245 days on October 8 and to 209 days on October 21, but these peaks are far below those seen in the spring and June—when long-term holders (old coin holders) showed significantly increased activity. The 30-day moving average remains around 111 days, indicating that the market is at a structurally baseline level, with no signs of panic selling. Holders are not in a hurry to take profits; in addition, as I mentioned in my Sunday Substack column, new liquidity continues to absorb tokens entering the market.

BlockBeats News, on October 30, trader Eugene Ng Ah Sio posted on his personal channel, stating, "The hell-level difficulty of the market has continued for another week, and I see more whales being harvested." A week ago, trader Eugene had said, "I still maintain the view that the market is currently at hell-level difficulty, and I advise against making major trades (whether long or short) until I believe market conditions have eased. But for now, all I see is excellent traders being repeatedly harvested by the market like sashimi (including my own small-scale short-term trades, which are no exception)."