Large-scale Bitcoin orders have declined significantly following October 10, with both spot and derivatives whale activity slowing. Treasury companies reduced their BTC purchases while open interest remains subdued, signaling increased caution among institutional players.

The French UDR party, led by Eric Ciotti, has introduced a comprehensive cryptocurrency policy bill to parliament. The proposal includes establishing a national Bitcoin reserve of 420,000 BTC and promoting euro-denominated stablecoins with favorable tax treatment.

Bitcoin strengthened against gold, now purchasing over 28 ounces compared to 24 ounces in early October. Spot gold fell below $4,000 to $3,987.28, extending losses from the previous week. Bitcoin recovered above $115,000 during the period.

Ethereum network activity reached its highest level in five months, driven by increased gas consumption. The surge reflects growing engagement across DeFi protocols, stablecoin transfers, smart contract deployments, and ETH transactions, with daily gas usage remaining elevated, data show.

Stable, a blockchain optimized for USDT transfers and backed by Bitfinex, closed its pre-deposit campaign after securing $825M in liquidity. Data show a single whale deposited approximately $500M, representing over 60% of total contributions. The whale transferred funds from multiple wallets starting 30 minutes before the campaign's public announcement on October 24, 2025.