Research

On October 29, the crypto market experienced a broad pullback, with major assets under pressure. BTC fell 0.29%, retreating from above $116,000 to around $112,000, while ETH slipped 0.11%, maintaining a high-level consolidation pattern. Capital flows shifted toward the infrastructure and application innovation sectors — Pi Network (+16.77%) surged following a KYC expansion that spurred short-term inflows; APRO Token (+22.73%) rallied on optimism surrounding its “Oracle 3.0” update and new ecosystem plan; and Puffer (+29.82%) gained traction as its UniFi AVS launch positioned it at the forefront of Ethereum scalability development. Meanwhile, t54.ai introduced x402-secure, establishing a programmable trust and verification framework for the agent ecosystem; Visa expanded its stablecoin support network, with quarterly crypto payment volumes rising fourfold year-over-year; and Tether Gold’s market value surpassed $2.1 billion, which — together with PAX Gold — now accounts for nearly 90% of the $3.7 billion token

Gate Research noted that BTC has recently been consolidating between $108,000 and $115,000, with short-term moving averages converging and market direction remaining uncertain. If the price holds above $107,000, the range-bound movement may continue; a breakout above $115,000 with rising volume could open the door to a new upward leg. ETH has been fluctuating between $3,850 and $4,250, showing weaker momentum, but a breakout above $4,100–$4,200 could reignite its uptrend. Overall, the market continues to oscillate within key ranges, while liquidity conditions remain cautious.

Gate Research Weekly Report: Over the past week, bitcoin has traded between $107,500 and $116,388, moving between its 100-day and 200-day moving averages, suggesting an extended consolidation phase. Mastercard plans to acquire crypto infrastructure company Zerohash for $2 billion. The Grayscale Solana spot ETF has launched, boosting market demand for Solana exposure products. Interest rate cuts are expected to slow, with traders lowering bets on a December cut. Aave Horizon’s RWA market has surpassed $425 million. Bitwise’s Solana ETF saw a second-day trading volume exceeding $72 million. KALSHI’s monthly trading volume reached a record high of over $4 billion.

Gate Research Daily Report: Over the past week, bitcoin has traded between $107,500 and $116,388, moving between the 100-day and 200-day moving averages, with its consolidation phase expected to continue. Ethereum has fallen below the MA5, MA10, and MA30, trading at the lower Bollinger Band, showing clear short-term pressure. RZTO surged 231.55%, driven primarily by exchange listings and social media buzz. On October 30, Sapien announced the completion of a $10.5 million seed round, boosting SAPIEN by 19.84%. Mastercard plans to acquire crypto infrastructure company Zerohash for $2 billion. The pace of interest rate cuts may slow, with traders lowering bets on a December rate reduction.

This article reviews the evolution of Crypto Private Wealth Management (Crypto PWM), highlighting its shift from traditional “human + bank” relationship models to an open digital ecosystem. With the growth of global high-net-worth individuals (HNWIs) and the maturing crypto market, Crypto PWM is entering a new stage of institutionalization and regulation.

Since mid-October 2025, BTC and ETH have remained in a high-level consolidation phase, with price structures and volatility showing clear divergence while short-term momentum has weakened. In the derivatives market, leveraged positions have undergone deleveraging followed by gradual recovery, with ETH positions displaying stronger resilience. On October 10, long-position liquidations exceeded $19 billion, reflecting mounting pressure at higher price levels and fading short-term confidence. Overall structure remains stable, though the rebound momentum appears limited. In terms of quantitative strategies, the RSI-based reversal model has performed solidly in assets such as BTC, delivering cumulative returns of around 50%. However, higher returns are still accompanied by greater volatility and drawdown risk. In contrast, the Gate Quant Fund focuses on market-neutral arbitrage and hedging strategies, emphasizing stable returns and robust risk management to provide investors with a more balanced and sustainable qu

Gate Research Daily Report: On October 31, BTC experienced a rapid pullback from its high followed by a short-term rebound; ETH continued its downward trend but showed signs of stabilizing at the lows; GT stabilized and rebounded around $12.57 after repeatedly breaking support; JELLYJELLY rose approximately 40.56% within 24 hours. Strategy’s Q3 profit fell to $2.8 billion, and Bitcoin’s premium hit an 18-month low; Ethereum officially scheduled the Fusaka upgrade for December 3; after a pullback, Ethereum rebounded in the evening, with its trading range narrowing.

Gate Research Daily Report: On November 3, BTC showed a generally weak and volatile trend, fluctuating around $108,900. ETH, after briefly consolidating above $3,850, dipped again to around $3,790, displaying a gradual downward movement. GT, following a short rebound, came under renewed pressure and is currently consolidating near $12.9. Meanwhile, BEAT became the market focus with a remarkable +58.90% surge.In broader market developments, decentralized exchange trading volume in October hit an all-time high of $613.3 billion. ARK Invest expanded its crypto holdings beyond $2.15 billion, while Tether reported over $10 billion in net profit for the first nine months of the year and launched both a share buyback program and an investment fund license application.

Gate Research Daily Report: : On November 3, BTC showed a generally weak and volatile trend, fluctuating around $108,900. ETH, after briefly consolidating above $3,850, dipped again to around $3,790, displaying a gradual downward movement. GT, following a short rebound, came under renewed pressure and is currently consolidating near $12.90. Meanwhile, BEAT became the market focus with a remarkable +58.90% surge.In broader market developments, decentralized exchange trading volume in October hit an all-time high of $613.3 billion. ARK Invest expanded its crypto holdings to $2.15 billion, while Tether reported over $10 billion in net profit for the first nine months of the year and launched both a share buyback program and an investment fund license application.

Gate Research Daily Report: Expectations for future rate cuts faced headwinds, leading to a pullback in risk assets. Bitcoin dipped to a low of $105,312, with a single-day decline exceeding 2.5%. Ethereum is also in a corrective phase, with both price action and market sentiment leaning bearish. The privacy coin sector rose roughly 15%, led by Decred, which surged 68.28% within 24 hours. The Unite governance proposal eased short-term selling pressure and reinforced long-term growth orientation, driving UNITE up 146.18% in 24 hours. Meanwhile, FTSE Russell announced a partnership with Chainlink to bring its indices and market data on-chain, and Donut Labs completed a $15 million seed round, advancing the deployment of AI-powered crypto trading terminals.

Last week, DASH surged over 67%, standing out as the top-performing token. TRUMP and ICP also posted gains of 24.85% and 16.70%, respectively, rising against the short-term market trend. Benefiting from simultaneous performance upgrades and ecosystem expansion, Starknet delivered the strongest performance, attracting net inflows of over $100 million in a single week, making it a new hotspot for capital. Meanwhile, heightened narrative attention combined with tightening regulations has once again positioned privacy assets as a hedge for "censorship resistance and asset sovereignty". The privacy token sector has regained market focus, with ZEC soaring over 190% in the past month, leading gains in the privacy track.

On November 5, the cryptocurrency market continued its correction, with overall sentiment turning fearful. BTC fell 5.72% to 99,875 USDT, breaking below the psychological threshold and entering a weak consolidation range, while ETH extended its decline by 10.82%, losing support at $3,200. Despite the market pressure, tokens such as AIA (+140.04%), JELLYJELLY (+27.56%), and CUDIS (+47.25%) rose against the trend, standing out as bright spots in a bearish market. In the news, Bitcoin’s long-position funding rate has dropped by about 62% from its August peak, indicating cooling leverage demand; Ripple acquired Palisade to strengthen its enterprise custody infrastructure; and Forward Industries launched a $1 billion share repurchase plan and filed a PIPE resale supplement, helping to restore market confidence.

Gate Research reported that Bitcoin fell below $100,000 this week for the first time since June, hitting a low of $99,932 and breaking below its 200-day moving average, marking the second-largest single-day drop of the year.

Gate Research Weekly Report: BTC’s technical rebound has stalled, with short-term momentum remaining weak; ETH’s recovery also lacks strength, as its rebound is constrained by short-term moving averages. Balancer released a preliminary report on its recent exploit, confirming that a rounding logic error was exploited. Monad’s mainnet is set to launch on November 24, with the MON token claim window now closed. BTC spot ETF flows have turned positive, signaling a brief recovery in market sentiment. The total cryptocurrency spot market capitalization rebounded to $3.45 trillion, with overall market sentiment showing short-term stabilization.

Gate Research Daily Report: BTC’s technical rebound has stalled, with the short-term trend remaining weak; ETH’s recovery lacks momentum, and its upside is capped by short-term moving averages. Privacy-focused protocols continue to see record transaction volumes, driving RAIL up by 30.6%. Decred has achieved a complete on-chain governance and privacy mechanism loop, with DCR rising 19.89% over the past 24 hours. zkSync released its token proposal, sending ZK up about 11.62% in 24 hours. Balancer issued a preliminary report on the recent attack, revealing that a rounding logic error was exploited. Monad’s mainnet is set to launch on November 24, and the MON token claim window has now closed.