Provisional figures come from days that have closed but whose inputs, such as the quoted price, can still be revised; the linked chart always shows the current value. Observed figures are snapshots of what our own node sees and never become final.
Bitcoin price
ProvisionalBitcoin closed the week at $80,066, down 2.3% from $81,973 a week earlier.
Its daily closes ranged from $80,066 on 25 Oct to $84,093 on 21 Oct. Over four weeks it is down 5.2%.
The close was 35.8% below the highest daily close in our price history.
- Weekly close
- $80,066−2.3%
- Range of daily closes
- $80,066 – $84,093
- Four-week change
- −5.2%
- Below the highest daily close
- 35.8%
Cycle position
ProvisionalThe Cycle Composite Score ended the week at 43, in its Neutral band (40 to 60), down 2 points from 45 a week earlier.
The score averages seven Bitcoin cycle indicators, each scored from 0 to 100 against its own last four years. Readings of 80 or more have come near past cycle highs and 20 or less near past lows; they are historical ranges, not forecasts.
- Cycle Composite ScoreNeutral
- 43−2
ChartsBTCCycle Composite Score
DashboardsCycle Signals
Valuation
ProvisionalThe MVRV Z-Score, market value minus realized capitalization in standard deviations of market value's history, ended the week at 0.84 (0.91 a week earlier).
Net unrealized profit/loss (NUPL) was 0.267: unrealized profit, net of unrealized losses, equal to 26.7% of market value (0.287 a week earlier).
The realized price, the average price on the days the coins last moved (where that price is recorded), rose by $248.67 to $58,709; the weekly close stood 36.4% above it.
- MVRV Z-Score
- 0.84−0.07
- NUPL
- 0.267−0.020
- Realized price
- $58,709+0.4%
Holders and demand
Long-term holder supply, the coins last moved at least 155 days ago, fell by 61,019 BTC to 16.35M BTC, while short-term holder supply, the coins moved within the last 155 days, rose by 64,372 BTC to 3.76M BTC. The split is by coin age, not by holder: coins cross into the long-term group as they reach 155 days unmoved, and leave it when they move.
Apparent demand, 30 days of new issuance minus the change in supply unmoved for a year or more, was −76,156 BTC at the end of the week, against −49,890 BTC a week earlier. A negative reading means more coins went dormant than were issued, which the model reads as weak demand.
- Long-term holder supply
- 16.35M BTC−61,019 BTC
- Short-term holder supply
- 3.76M BTC+64,372 BTC
- Apparent demand (30 days)
- −76,156 BTC−26,266 BTC
Exchange balances and flows
Bitcoin held on the exchanges we cover rose by 10,192 BTC to 1.13M BTC: over the week more coins arrived than left.
Ether held on the exchanges we cover rose by 7,389 ETH to 5.80M ETH. Direct transfers to and from them netted −177,695 ETH over the week; the balance also moves with ETH that contracts send, which that count leaves out.
- BTC on exchanges
- 1.13M BTC+10,192 BTC
- BTC exchange net flow (week)
- +10,192 BTC
- ETH on exchanges
- 5.80M ETH+7,389 ETH
- ETH exchange net flow (week)
- −177,695 ETH
Covered exchanges are those whose wallets we can identify; exchanges that publish no addresses are not included, so totals understate exchanges as a whole.
Large transfers
There were 1,602 on-chain transfers of 100 BTC or more, up 27.2% from 1,259 the week before; 57 of them were 1,000 BTC or more.
The largest single transfer moved 13,334 BTC on 22 Oct.
Together they moved 511,351 BTC, including 97 deposits to covered exchanges (23,482 BTC) and 50 withdrawals from them (11,250 BTC).
- Transfers of 100 BTC or more
- 1,602+27.2%
- Transfers of 1,000 BTC or more
- 57
- Largest single transfer22 Oct
- 13,334 BTC
- Volume of transfers of 100 BTC or more
- 511,351 BTC
A transfer is the value one transaction pays to one address other than its own inputs. Most of the largest are custodians and exchanges moving their own coins.
Derivatives
ProvisionalBitcoin futures open interest across the venues we collect was $30.2B at the end of the week, up 1.4%; perpetual funding averaged 0.0071% per eight hours; liquidations totalled $477.3M, 69.9% of it from long positions.
Ether futures open interest across the venues we collect was $17.3B at the end of the week, down 2.4%; perpetual funding averaged 0.0054% per eight hours; liquidations totalled $498.5M, 68.3% of it from long positions.
- BTC futures open interest
- $30.2B+1.4%
- BTC funding rate (week average, 8h)
- 0.0071%
- BTC liquidations (week)
- $477.3M
- ETH futures open interest
- $17.3B−2.4%
- ETH funding rate (week average, 8h)
- 0.0054%
- ETH liquidations (week)
- $498.5M
Positive funding means holders of long perpetual positions pay those holding short ones. Futures data comes from the public feeds of the venues we collect, which the chart information lists.
Ethereum: price, supply and staking
Ether closed the week at $2,330, down 3.3% from $2,410; its daily closes ranged from $2,330 to $2,474.
The network issued 20,822 ETH and burned 211 ETH, so supply grew by 20,611 ETH to 122.16M ETH; the burn offset 1.0% of issuance.
The effective balance of active validators, the stake that counts in consensus, rose by 103,979 ETH to 43.86M ETH, with 819,907 active validators (−9,734 on the week).
- Weekly close
- $2,330−3.3%
- ETH issued (week)
- 20,822 ETH
- ETH burned (week)
- 211 ETH
- Net supply change
- +20,611 ETH
- Active validators
- 819,907−9,734
- Effective staked balance
- 43.86M ETH+103,979 ETH
Stablecoins
The supply of the tracked US-dollar stablecoins on Ethereum fell by $705.3M (0.4%) to $163.3B. A falling total means holders redeemed more than issuers minted.
- Stablecoin supply on Ethereum
- $163.3B−$705.3M
ChartsETHStablecoin Supply on Ethereum (Total)
DashboardsStablecoins
Lightning Network
ObservedPublic Lightning Network capacity seen by our node fell by 57.6 BTC to 3,480 BTC, across 29,842 channels between 9,912 nodes.
- Public channel capacity
- 3,480 BTC−57.6 BTC
- Channels
- 29,842
- Nodes
- 9,912
Lightning figures are snapshots of the public channel graph as our own node sees it at the end of each day; private channels are not visible, and there is no final version of a snapshot.
Litecoin, Dogecoin and Bitcoin Cash
Litecoin averaged 259,459 active addresses a day (+3.2% on the week) and confirmed 1.14M transactions (+1.7%).
Dogecoin averaged 33,677 active addresses a day (−0.3% on the week) and confirmed 152,669 transactions (−1.6%).
Bitcoin Cash averaged 21,404 active addresses a day (−6.8% on the week) and confirmed 91,738 transactions (−17.7%).
- LTC active addresses (daily average)
- 259,459+3.2%
- LTC transactions (week)
- 1.14M+1.7%
- DOGE active addresses (daily average)
- 33,677−0.3%
- DOGE transactions (week)
- 152,669−1.6%
- BCH active addresses (daily average)
- 21,404−6.8%
- BCH transactions (week)
- 91,738−17.7%
Counted from our own Litecoin, Dogecoin and Bitcoin Cash nodes. Changes compare with the previous week.
Weekly performance of 63 assets
ProvisionalOf the 63 assets we price, 9 rose and 54 fell over the week; the median change was −4.2%.
The best weekly changes were NIL (+16.7%), PROM (+15.5%) and ERA (+12.9%); the worst were ALT (−28.3%), SAND (−18.8%) and EIGEN (−14.6%).
| # | Asset | Sunday close | Week |
|---|---|---|---|
| 1 | NILNillion | $0.08975 | +16.7% |
| 2 | PROMProm | $5.47 | +15.5% |
| 3 | ERACaldera | $0.0788 | +12.9% |
| 4 | EDGEedgeX | $0.3216 | +12.0% |
| 5 | ENAEthena | $0.2069 | +9.8% |
| 6 | PEPEPepe | $0.00000428 | +6.7% |
| 7 | LITLighter | $3.17 | +3.0% |
| 8 | BNBBNB | $738.69 | +2.1% |
| 9 | BCHBitcoin Cash | $278.90 | +1.0% |
| 10 | SPXSPX6900 | $0.36 | −0.6% |
| 11 | ZAMAZama | $0.06977 | −0.6% |
| 12 | TRXTRON | $0.3304 | −0.7% |
| 13 | XRPXRP | $1.30 | −0.8% |
| 14 | QNTQuant | $189.98 | −1.1% |
| 15 | COMPCompound | $21.06 | −1.2% |
| 16 | SKYSKY Governance Token | $0.06872 | −1.3% |
| 17 | BTCBitcoin | $80,066 | −2.3% |
| 18 | WBTCWrapped Bitcoin | $80,003 | −2.4% |
| 19 | POLPOL (ex-MATIC) | $0.08927 | −2.4% |
| 20 | MNTMantle | $0.5167 | −2.5% |
| 21 | SOLSolana | $101.40 | −2.6% |
| 22 | SHIBShiba Inu | $0.00000485 | −2.8% |
| 23 | CRVCurve DAO | $0.3443 | −2.9% |
| 24 | FLOKIFloki | $0.00002273 | −2.9% |
| 25 | DOGEDogecoin | $0.07693 | −3.2% |
| 26 | HYPEHyperliquid | $76.34 | −3.3% |
| 27 | ETHEthereum | $2,330 | −3.3% |
| 28 | ENSEthereum Name Service | $5.26 | −3.7% |
| 29 | UNIUniswap | $6.92 | −3.8% |
| 30 | GRTThe Graph | $0.02263 | −3.9% |
| 31 | LTCLitecoin | $56.73 | −4.0% |
| 32 | PENDLEPendle | $1.96 | −4.2% |
| # | Asset | Sunday close | Week |
|---|---|---|---|
| 33 | FFFalcon Finance | $0.09947 | −4.6% |
| 34 | LINKChainlink | $11.46 | −4.9% |
| 35 | ZROLayerZero | $1.76 | −5.5% |
| 36 | XLMStellar | $0.1681 | −5.5% |
| 37 | LDOLido DAO | $0.3655 | −5.9% |
| 38 | ONDOOndo | $0.4076 | −6.2% |
| 39 | WLFIWorld Liberty Financial | $0.053 | −7.0% |
| 40 | AXSAxie Infinity | $0.939 | −7.1% |
| 41 | TONToncoin | $1.25 | −7.2% |
| 42 | FETFetch.ai | $0.1755 | −7.3% |
| 43 | SUISui | $0.9205 | −7.7% |
| 44 | ADACardano | $0.2042 | −7.7% |
| 45 | ETHFIether.fi | $0.6249 | −7.7% |
| 46 | WLDWorldcoin | $0.4504 | −7.9% |
| 47 | DOTPolkadot | $1.03 | −8.0% |
| 48 | NEARNear | $4.60 | −8.4% |
| 49 | AVAXAvalanche | $8.93 | −8.7% |
| 50 | IMXImmutable | $0.1385 | −8.8% |
| 51 | HBARHedera Hashgraph | $0.0775 | −9.3% |
| 52 | GALAGala | $0.001733 | −9.6% |
| 53 | ARBArbitrum | $0.1687 | −9.8% |
| 54 | SENTSentient | $0.02032 | −10.1% |
| 55 | AAVEAave | $136.37 | −10.3% |
| 56 | APTAptos | $0.7022 | −10.4% |
| 57 | SYRUPMaple Finance | $0.1733 | −10.8% |
| 58 | APEApeCoin | $0.1259 | −11.8% |
| 59 | MORPHOMorpho | $2.06 | −12.4% |
| 60 | BATBasic Attention Token | $0.1514 | −14.1% |
| 61 | EIGENEigenCloud | $0.201 | −14.6% |
| 62 | SANDThe Sandbox | $0.04779 | −18.8% |
| 63 | ALTAltLayer | $0.00634 | −28.3% |
Each change compares the asset's Sunday close in US dollars with the previous Sunday's, from the price chart linked in the table.
DashboardsPrice Performance
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How this report is made
CryptoKeyhole Weekly is written automatically every Monday from the charts CryptoKeyhole publishes: our own Bitcoin, Ethereum, Litecoin, Dogecoin and Bitcoin Cash nodes, the Lightning Network as our node sees it, and the market data we collect from exchanges. No one edits the figures, and each sentence only restates them.
A level, such as a price, a balance or a supply, is its value at the end of Sunday (UTC) compared with the previous Sunday. A flow, such as transfers, issuance or liquidations, is the total of the week's seven days, and an average is their mean; a figure is left out when one of its days is missing. Each linked chart explains its source and calculation.
Nothing in this report is a forecast or investment advice.