Tether transferred approximately 9,849 BTC, valued at around $1.09 billion, from Bitfinex to its Bitcoin reserve addresses within a 24-hour period. The transfers occurred in two batches: 961 BTC worth $97.18 million and 8,888 BTC worth approximately $1 billion. The USDT issuer now holds 87,296 BTC valued at approximately $8.84 billion, making it the sixth-largest institutional Bitcoin holder globally.

Crypto analyst Tara identifies the current Bitcoin pullback as a critical retracement that could establish the next major price floor. Elliott Wave analysis suggests BTC may complete Wave 5 around $94,000 before resuming its bullish trend. A temporary bounce to $104,000 is expected first, with the bottom formation anticipated to occur quickly once the $94,000 level is reached.

Robinhood Markets reported third-quarter 2025 revenue of $1.27 billion, up 100% year-over-year, with net income of $556 million. Cryptocurrency revenue surged 339% to $268 million, representing approximately 20% of total revenue. Diluted earnings per share hit $0.61, exceeding the Wall Street consensus estimate of $0.51 per share.

Bitcoin has fallen below the short-term holder Realized Price of $112,500, increasing the likelihood of further declines toward the Active Realized Price near $88,500, according to Glassnode. The on-chain analytics firm notes that price discounts of this magnitude have historically signaled potential retests of lower structural supports. Bitcoin is currently trading around $103,300, down over 6% in the past seven days.

Ripple has publicly supported the U.S. Federal Reserve's proposed "skinny" master account framework for non-bank financial institutions. Chief Legal Officer Stu Alderoty characterized the limited-access model as a pragmatic compromise that could advance payment innovation while respecting traditional banking sector concerns, according to Reuters.

Robinhood is evaluating whether to add Bitcoin to its corporate balance sheet, Treasurer Shiv Verma said during the Q3 2025 earnings call on Wednesday. Crypto trading accounted for 20% of quarterly revenue after rising 67.5% to $268 million. HOOD stock declined over 10% amid broader weakness in crypto-linked equities.

The Crypto Fear & Greed Index rose from 23 to 27, moving from "extreme fear" to "fear" as Bitcoin stabilized above $100,000. The improvement follows Bitcoin's 22% decline from its $126,000 peak. On-chain metrics suggest potential for recovery as market sentiment gradually eases.

Veteran crypto analyst Trader Mayne maintains his bull cycle thesis remains intact following a billion-dollar liquidation event. He expects Bitcoin to establish a weekly cycle low by mid-November that could enable another rally into year-end. Despite recent volatility, Mayne continues holding a core spot position and focuses primarily on major cryptocurrencies.