AnchorWatch obtains Nevada state charter qualification, providing Bitcoin custody services
BlockBeats news, on October 19, according to The Block, AnchorWatch Trust Company officially opened this Monday, becoming a qualified Bitcoin custody institution licensed in Nevada. The company revealed to the media that the Nevada Financial Institutions Division has officially authorized it to provide custody services. Its target clients mainly include trustees, listed companies, trust institutions, and high-net-worth individuals requiring qualified Bitcoin custody services.
In terms of fee structure, AnchorWatch adopts a fixed USD rate based on vault size, rather than a percentage of the assets under custody, with a monthly custody fee capped at $10,000. This means that once a client's monthly fee reaches this cap, no additional custody costs will be incurred regardless of additional Bitcoin purchases or asset growth due to appreciation.
Regarding key management and custody architecture, AnchorWatch offers institutional clients two different options. In its flagship model, AnchorWatch Trust Company holds the core keys required for qualified custody, while allowing clients, trustees, or executives to hold an additional key themselves. In another distributed custody model, key control is decentralized among multiple parties, jointly managed by AnchorWatch, BitGo located in the United States, and CoinCorner located on the Isle of Man, further reducing single point of failure risk.
"Order Reveal" Why has the BTC buy plan significantly decreased this weekend? The profit-taking psychological price level may warrant further attention
BlockBeats news, on October 19, since the weekend, large BTC accounts have rearranged near-term buybacks, rebound exits, and deep acquisition plans. The over $100 million acquisition plan still active last week was withdrawn over the weekend; another long position significantly lowered its exit target. These large holders' planned purchases seem to be becoming more conservative, while they are willing to exit earlier.
According to TradingBeats monitoring, BTC is currently reported at about $82,596. Since October 17, 11 groups of new and still retained key orders total approximately $60.55 million.
New buy orders: $75,000 deep buy orders
Near-term buy orders are mainly used for short covering. Totaling $6.02 million, two orders are about 0.48% and 0.96% away from the current price respectively (0x5e073, 0xf517).
Larger scale buybacks are concentrated at $78,500. Two accounts placed buy orders of about $9.289 million and $7.431 million respectively on Sunday night, totaling about $16.72 million, all single-point full-position buyback plans, approximately 4.96% below the current price (0x6a02, 0x3bb6).
New long positions are mainly distributed at lower levels:
- $75,000: about $13.528 million. A single new buy order added on Sunday; the corresponding account currently holds no BTC. This is the largest single-point new long position plan this round, about 9.20% below the current price (0xf081).
- $75,222–78,888: about $4 million. 88 laddered buy orders, with lower prices having larger single order amounts; about 68% of the amount is concentrated in the lower half of the range; the corresponding account currently holds no BTC (0xaf0f).
- $77,500–79,500: about $3 million. 100 nearly equal laddered buy orders, building long positions in batches with about $20–21 spacing (0x051c).
New sell orders: $84,000 long position profit-taking
10 new ordinary sell orders between $82,909 and $82,999, totaling about $1.659 million, used to continue adding shorts; the first order is about 0.38% above the current price (0x5e073).
Larger sell orders come from long exit plans. At $83,444 and $84,444, about $3.764 million and $3.809 million "reduce only" sell orders were added respectively, totaling about $7.573 million, covering all corresponding long positions.
Between $84,305 and $84,460, there are 13 more reduce-long sell orders totaling about $3.836 million. These two plans total about $11.41 million, with the first orders about 1.03% and 2.07% above the current price respectively (0xb1ec, 0x598f).
Additionally, one account added 82 "reduce only" sell orders totaling about $4.169 million, planning to exit long positions in batches within two ranges: $84,315–85,347 and $87,033–91,833 (0xe7f3).
Early buy orders: $74,700 large acquisitions exist
Previous short covering and long building plans still have multiple groups retained:
- $80,000: about $8 million. A single "reduce only" buy order created on October 16, currently covering about 25% of the corresponding short position, about 3.14% below the current price (0xc3ed).
- $76,202–77,672: about $26.898 million. Six levels of buyback orders covering all corresponding short positions, among which the $76,202 level is about $7.62 million, accounting for 28.3% of the group (0xaeaa).
- $75,351: about $9.175 million. A single add-long buy order created on October 10, about 8.77% below the current price (0xdd7a).
- $74,252–74,702: about $23.429 million. Two old buy orders consisting of three-level ladder buys and a single-point buy at $74,258, totaling about $15.261 million and $8.168 million respectively, used to build or expand long positions (0x92b7, 0x6646).
- $72,350: about $7.235 million. Single-point new long position plan, about 12.40% below the current price (0xfb94).
Early sell orders: $86,600 long position profit-taking
Between $82,786 and $84,000, 304 ordinary sell orders created on the evening of October 16 are still retained, totaling about $7.808 million, with the first order about 0.23% above the current price, adding shorts in increments of about $4–5, with single order amounts increasing as prices rise (0x4fe2).
At higher levels, $86,616 still has about $8.662 million "reduce only" sell orders, covering about 32.1% of the corresponding long positions; $88,861 has about $3.999 million full-position reduce-long sell orders, about 4.87% and 7.59% above the current price respectively (0x0c4a, 0xd5d2).
Analyst: Bitcoin MVRV percentile drops below 30, still consistent with accumulation range characteristics
BlockBeats news, on October 18, crypto analyst Darkfost posted that after Bitcoin was resisted near $87,000, the MVRV percentile fell back below 30, entering the transitional phase after market capitulation again. He believes the current valuation still fits the characteristics of an accumulation range.
Darkfost explained that MVRV is used to compare Bitcoin's market value with realized value, the latter calculated based on the price at the most recent on-chain movement of each BTC. His method does not simply observe the raw MVRV value but measures the current value's relative position in historical evolution to reduce the impact of Bitcoin's structural changes and market cycles on indicator interpretation, analyzing it within the current market environment.
He pointed out that historically, Bitcoin has only been at this valuation level about 25% of the time. Although it has now left the extremely undervalued range that always coincided with market lows in the past, it still fits the characteristics of the historical accumulation range.
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