BITCOIN FELL FROM A HIGH POINT IN OCTOBER 2025 TO $62257 BELOW THE AVERAGE ACQUISITION OF ETF PRICE

ACCORDING TO MARKET DATA, THE PRICE OF BITCOIN FELL FROM A HIGH OF US$ 12,4715 IN OCTOBER 2025 TO US$ 62,257, AND THE CURRENT TRANSACTION PRICE IS LOWER THAN THE AVERAGE BTC ETF PURCHASE PRICE OF US$ 8,2944. THE ANALYSIS INDICATED THAT THE TRADE IN BITCOIN WOULD HAVE AN IMPORTANT IMPACT IN THE NEXT 24 HOURS, AND THAT THE BEHAVIOUR OF MARKET PARTICIPANTS COULD BE ANALYSED BY THE SIZE OF THE WALLET TO DETERMINE WHO WAS ACCUMULATING AND WHO WAS DISTRIBUTING IT. SOME ANALYSTS SEE LIQUIDITY AS THE MAIN DRIVER, WHILE OTHERS FOCUS ON THE FED ' S DYNAMICS. SEASONAL DATA INDICATE THAT JULY IS USUALLY A STRONG MONTH IN BITCOIN AND THAT, ALTHOUGH THE EXPECTED RETURNS HAVE BEEN ACHIEVED THIS MONTH, THERE MAY BE A MID-TERM REVERSAL。