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An obscure spread at the heart of US money markets just flashed a bright warning, and crypto traders are pouncing on the signal. The Secured Overnight Financing Rate (SOFR) printed 4.29% on Wednesday, while the Federal Reserve’s overnight reverse-repo (ON RRP) award rate sat at 4.00%, putting the SOFR–RRP spread at 29 basis points on a non-quarter-end day — an unusually wide gap that points to tightening funding conditions in the plumbing of the financial system. On the same day, the Fed’s Standing Repo Facility (SRF) was tapped for $6.5 billion — the largest non-quarter-end draw since its creation — as general collateral repo rates jumped, another sign of reserve frictions. Why Crypto Bulls Smell Blood The move has revived talk that the Fed’s quantitative tightening (QT) campaign is running into the same reserve-scarcity constraints that forced a policy pivot in 2019. “QT could be done by this October FOMC meeting at this rate,” On the Margin podcast host Felix Jauvin wrote on X, amplifying trader Sahil Mehta’s data point: “SOFR–RRP spread at 29bps on a random Wednesday.” Head of Growth at Horizon and Theya Joe Consorti framed the market backdrop more bluntly: “Regional banks down 4.5%. Gold at $4,300/oz. SOFR/RRP spiking. Feels like a policy response is imminent.” Those remarks reflect a widening belief among macro-sensitive crypto investors that a liquidity backstop — whether an earlier-than-planned QT halt or stepped-up repo operations — could arrive as soon as the Fed’s October 28–29 meeting. Related Reading: October 10th Crypto Crash: Expert Foresees New Wave Of Lawsuits Against A parallel market message arrived from risk assets and havens. Gold ripped through $4,300 per ounce for the first time on Thursday, while US regional banks slumped anew — recording a 4.5%–7% drop in the KBW regional bank gauges amid loan-quality headlines and rising funding costs. Those moves reinforced the “tightening liquidity, rising stress” read that macro traders mapped onto the SOFR print. Commentary on X pushed the narrative further. Analyst Furkan Yildirim argued the spread is “a classic sign of funding pressure,” adding that with the reverse-repo buffer depleted and QT ongoing, “fewer and fewer excess reserves in the system” mean “real liquidity scarcity,” especially around heavy Treasury issuance and tax days. “What’s happening here is a classic sign of funding pressure, i.e., stress in the short-term money market. In other words: Banks and major financial players are struggling to find enough cheap money to refinance overnight. We last saw this in this form in 2019, shortly before the Fed was forced to pump liquidity back into the system,” Yildirim wrote via X. Another account, @The_Prophet_, tied the move to a broader decoupling between market-based rates and the Fed’s administered corridor: “SOFR spiking above the Fed Funds rate means the interbank plumbing is tightening… The Fed will call it ‘technical.’ But history will call it ‘the moment control began to slip.’” While the rhetoric is charged, the underlying constellation — SOFR above EFFR, an elevated SOFR–RRP gap, SRF usage in mid-month — is the sort of micro-divergence that often precedes policy recalibration. Related Reading: Crypto Bull Run Ahead: Powell Just Telegraphed End Of QT Policymakers themselves have been edging in that direction. After delivering a 25 bp cut on September 17 to a 4.00%–4.25% range, Fed officials have signaled openness to further easing, and market odds lean toward additional accommodation. Governor Christopher Waller on Thursday endorsed another 25 bp move at the October meeting, and Chair Jerome Powell has acknowledged tightening financial conditions and the approaching end of QT. If the Fed does halt balance-sheet runoff this month, it would mirror the 2019 experience, when repo-market stress — SOFR briefly topped 5% and EFFR breached its target — catalyzed a fast operational pivot. For crypto, the signal chain is straightforward even if the timing isn’t: persistent funding frictions beget official liquidity backstops; backstops relax financial conditions; and looser conditions have historically supported liquidity-sensitive assets. The difference — as several macro voices cautioned — is that today’s spread isn’t euphoria, it’s strain. That nuance matters. A policy response that arrives under duress can buoy “number go up,” but it also speaks to fragility in the pipes that route collateral, cash and risk. Until the SRF usage recedes, SOFR re-anchors below fed funds, and the ON RRP buffer stops scraping the floor, the plumbing is telling you what the charts can’t: liquidity is getting dear, and the clock is running toward October 28–29. At press time, the total crypto market cap stood at $3.6 trillion. Featured image created with DALL.E, chart from TradingView.com

On October 10, the crypto market experienced its largest liquidation event in history, prompting experts like MartyParty to predict a surge in lawsuits and class action claims against what he describes as “market manipulators.”  Expert Claims Manipulation Led To October 10 Crypto Crash The aftermath of this crash has seen Bitcoin (BTC) and other major cryptocurrencies continue their downward trend this week, with BTC recently falling below the critical $110,000 threshold. Ethereum (ETH), XRP, and Binance Coin (BNB), the largest altcoins, recorded losses of 10%, 17%, and 7%, respectively, in the weekly time frame. The events of October 10 led to total crypto liquidations exceeding $20 billion, with an alarming 208,864 traders liquidated in just the past 24 hours, amounting to approximately $691.63 million in losses as a result of the ongoing correction.  Related Reading: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds In a social media post on X (formerly Twitter), MartyParty warned that the ramifications of this event would include lawsuits targeting the alleged manipulators behind the crash. He criticized the centralized exchange (CEX) systems, stating: The manipulators cleared all the longs to 1.8x illegally. This had nothing to do with crypto. This is centralized exchange and casino systems that are opaque and easily manipulated with no regulation. Despite the turmoil, MartyParty expressed some optimism, noting that the crypto liquidations have cleared out long positions, which he believes could pave the way for future price increases.  He also added that those responsible for this alleged manipulation would face scrutiny, predicting that this incident could evolve into one of the most significant fraud cases in financial history. Binance’s Role Adding to the concerns, another expert, Crypto Emre, highlighted the ease with which crashes can be orchestrated on platforms like Binance. He explained that the tokens visible in a user’s wallet are essentially held in Binance’s wallets behind the scenes.  Emre asserts that the exchange can open short positions on multiple trading pairs simultaneously using private trading bots, which can then quickly sell the tokens held by users.  Related Reading: Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency After closing the short positions at a lower price, the expert alleges that the exchange replaces the sold tokens with their own at a significantly reduced cost.  Emre argued that as long as Binance remains operational, the potential for such manipulation will hinder the emergence of a robust crypto bull market. As the dust settles from the October 10 crypto crash, it remains uncertain whether regulatory bodies or individuals will take action against these alleged practices in the near future, as predicted by MartyParty.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher. Related Reading: Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash After touching an all-time high above $126,000, the world’s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning momentum amid broader market uncertainty and renewed U.S.–China trade tensions. BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Bitcoin Tests Key Support as Momentum Fades Currently, Bitcoin is trading around $111,300, down roughly 1% in 24 hours, after briefly dipping to an intraday low of $110,292. Technical indicators show the asset under pressure, with the 20-day and 50-day moving averages turning lower and a bearish crossover emerging on the MACD. The Relative Strength Index (RSI) has fallen to the mid-40s, signaling cooling buying strength and the potential for further downside if support fails. Analysts are eyeing $107,000–$110,000 as the crucial short-term demand zone. A decisive break below this area could open the path toward $100,000, while a bounce above $115,000–$123,000 would be needed to restore bullish sentiment. “Bitcoin’s structure suggests fatigue at the top, with a potential double-top formation visible around $126,000,” one market analyst noted. “A weekly close below $110K would likely trigger broader profit-taking.” Whales Turn Cautious, Bitcoin ETF Inflows Slow On-chain data indicates that BTC whales have increased short exposure, signaling caution among large holders. This aligns with reports of falling ETF inflows, which declined by over $223 million this week after surging more than $2.7 billion the week before. Analysts suggest this cooldown reflects a pause in institutional demand following months of aggressive accumulation. Meanwhile, traders are closely watching macro developments, as gold’s rally to a record $4,200 has drawn some capital away from Bitcoin’s “digital gold” narrative. Weak U.S. data and tariff-related volatility have added pressure, pushing some investors back toward traditional safe havens. Analysts Warn of Rising Wedge Breakdown Technically, Bitcoin’s weekly chart shows a rising wedge pattern, often a bearish setup. If BTC closes the week below $110,000, the structure projects a potential downside target around $74,000, representing a 34% correction. However, long-term metrics such as hash rate and network activity remain strong, suggesting that any deep retracement could offer a buying opportunity for patient investors. Related Reading: Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash For now, Bitcoin’s next move hinges on whether bulls can defend the $110K floor. A strong rebound from here could set the stage for another attempt toward $126K, but failure to hold support risks ushering in a much sharper correction before the next major rally begins. Cover image from ChatGPT, BTCUSD chart on Tradingview

On October 20, 2025, the crypto market saw a major flash crash that sent Bitcoin down 20%, and altcoins suffered between 50% and 80% losses as a result. Reports from data trackers show that more than $19 billion in leveraged positions were liquidated as a result. This led to the largest liquidation event in the crypto industry up until that point, leading to comparisons and speculations that this could be a repeat of the infamous COVID-19 crash of 2020. What It Means For Bitcoin And Crypto If This Is A Repeat Of 2020 One of the key crypto players who has pointed out that the current cycle could be similar to that of 2020 is crypto analyst Rekt Fencer. Fencer took to X (formerly Twitter) to share with their over 330,000 followers, a side-by-side chart showing the 2020 performance compared to what is happening now in 2025. Related Reading: Bitcoin Price Crash Below $100,000 Coming? Factors That Highlight Another Decline To put this in perspective, back in 2020, the crypto market suffered a flash crash where the Bitcoin price fell by more than 50%, and the altcoin market followed. This was a result of the COVID-19 lockdowns that were announced around the world in a bid to curb the spread of the virus. In response to the shutdowns, the stock market had crashed, taking Bitcoin and the crypto market down with it. This led to over $1.2 billion in daily liquidation, which at the time was the most significant liquidation in crypto history. However, this figure now pales in comparison to the over $19 billion in liquidations that were recorded last week. Despite the disparity in the liquidation volumes, crypto analyst Rekt Fencer believes that this could lead to a repeat of what happened after the COVID-19 crash. Back then, the bounce from the crash had been rapid. By 2021, one year later, the entire crypto market had risen to new all-time highs. Related Reading: Pattern That Led To Dogecoin Price 36,000% Surge In 2021 Has Emerged Again, Will History Repeat? Taking that performance and using it to map out the Bitcoin and crypto market performance after last week’s crash, it would mean that the market is ready for another bull run. It would also put the market at the bottom of the bull run, meaning that the Bitcoin price is far from its all-time high price. Rekt Fencer explains that “History is about to repeat itself” and “The real move starts when everyone thinks it’s over.” Thus, another explosive rally could be right on the horizon, if this isn’t the start of a bear run. Featured image from Dall.E, chart from Tradingview.com

On-chain data shows the short-term holder Bitcoin whales have recently increased their Realized Cap share to the highest level ever. Bitcoin Is Currently Being Dominated By New Capital In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the share of the Bitcoin whale Realized Cap held by the short-term holders. The Realized Cap here is an on-chain indicator that measures, in short, the total amount of capital that the BTC investors as a whole have put into the cryptocurrency. Changes in this metric reflect the incoming or outgoing of capital. Related Reading: Bitcoin Retests STH Cost Basis Again: Is This Where Support Flips? In the context of the current topic, the Realized Cap of only a portion of holders is of interest: the whales. These are the entities carrying more than 1,000 BTC (about $111.4 million) in their balance. Whales can be further broken down into cohorts on the basis of holding time. Whale-sized holders who bought their coins within the past 155 days are known as the short-term holder (STH) or new whales. Similarly, those who have a holding time higher than this cutoff are called the long-term holder (LTH) or old whales. Now, here is the chart shared by Maartunn that shows how the Bitcoin Realized Cap dominance of these two groups has changed over the past decade: As displayed in the above graph, new whales have rapidly gained ground in the Bitcoin Realized Cap recently and hit a dominance of 44%. The STH whales represent the big-money capital that has come into the coin over the last 155 days. Thus, it would appear that 44% of the capital stored on the BTC network is currently “fresh.” This is the largest share of the whale Realized Cap that the STHs alone have occupied in the cryptocurrency’s history. To put things into perspective, the 2021 bull run topped out at a value of 31%. The STH whales gain Realized Cap dominance through two means: a transfer of coins between members of the cohort at a higher price and selling from the LTH whales. LTH whales are the resolute hands of the market who hold out through volatile periods in wait for profitable exit opportunities. These smart-money investors usually ramp up their selling during bull runs and transfer their coins to new money coming into Bitcoin. As long as demand is high enough to absorb this distribution, the rally continues, but once capital inflows drop off, the asset hits a top. Related Reading: Bitcoin Crash Unlike LUNA & FTX Collapses, Says Glassnode: Here’s Why So far, the growth in the STH whale Realized Cap share has maintained, but it only remains to be seen how much room is still left. BTC Price Bitcoin has been struggling to recover since Friday’s crash as its price is still trading around $111,400. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

After a turbulent few days, Bitcoin (BTC) has resumed its downtrend, currently retracing toward $111,000. This marks a 12% decline from its recent peak of $126,000, which raises concerns among market experts who suggest that the bull run may be closer to its end than many investors believe. End Of Bitcoin Bull Cycle Within Nine Days? On October 14, market analyst CryptoBirb, took to social media platform X (formerly Twitter) to assert that the bullish cycle is nearing its conclusion, stating that it may end within the next nine days.  He referenced the Cycle Peak Countdown indicator, which suggests that Bitcoin is 99.3% through its current cycle, having lasted 1,058 days. According to CryptoBirb, this final stage is characterized by a “textbook shakeout of weak hands,” a common pattern observed before market peaks.  Related Reading: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal CryptoBirb emphasized that October 24 serves as a critical target date, just nine days away, and labeled the recent crash as “right on schedule.” He further explained that the market is deep within the peak zone, with 543 days elapsing since the last Bitcoin Halving, exceeding the historical peak window of 518 to 580 days.  The sentiment in the market also appears to have shifted dramatically, with the Fear & Greed Index plummeting from 71 to 38, indicating a reset from fear to euphoria. The Relative Strength Index (RSI) also dropped from 67 to 47, suggesting that this emotional washout may create an ideal launchpad for a final euphoric surge.  However, technical indicators show mixed signals: while the Average True Range (ATR) has expanded to 4,040, indicating higher volatility, the RSI’s position at 47 suggests a reset momentum.  What On-Chain Metrics Suggest Institutional investors have also begun to shift their strategies, as evidenced by recent Bitcoin Exchange-Traded Fund (ETF) flows, which reversed from $627 million in inflows to $4.5 million in outflows.  Ethereum ETF outflows reached $174.9 million, indicating that smart money is taking profits before retail investors potentially fear of missing out (FOMO) in. CryptoBirb asserts that this behavior aligns with a classic distribution-to-accumulation transition. Related Reading: Hyperliquid Holders Left In The Dark: Monad Protocol Faces Scrutiny Over MON Airdrop On-chain metrics reflect a cooling market, with the Net Unrealized Profit/Loss (NUPL) dropping to 0.522 from 0.556, and the Market Value to Realized Value (MVRV) declining to 2.15 from 2.45. These profit-taking actions may be creating the necessary space for a final euphoric push.  When examining October’s performance, Bitcoin is down 2.09% month-to-date, contrasting sharply with its historical average of a 19.78% increase. This underperformance could actually be a bullish sign, suggesting that a significant move may still be on the horizon in the final weeks of the month. In summary, the current cycle appears to be 99.3% complete. It has already spent 25 days in the peak zone and experienced a reset in sentiment and institutional distribution, as well as weak performance in October. However, if the analyst’s thesis proves right, this blending could turn into a perfect storm for a final surge before entering a new crypto winter.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin continues to hover around the $112,500 level, with volatility persisting across the market following last week’s historic crash. According to on-chain data, short-term holders (STHs) remain under heavy pressure, showing clear signs of panic. The STH realized price, a metric that tracks the average cost basis of recent buyers, indicates that many traders are still reacting emotionally to price fluctuations. The latest liquidation event seems to have deeply impacted market sentiment — even a small pullback yesterday was enough to trigger another wave of panic selling. Related Reading: Bitcoin Handles $14B OI Drop As Spot Volume Surged To $44B: Controlled Reset? Yet, while some investors capitulate, others are seizing the opportunity. The famous Bitcoin OG whale, who gained widespread attention for shorting BTC and ETH right before the crash, has reportedly closed his position, locking in more than $197 million in profits. This move marks the end of one of the most successful short trades of the year. As Bitcoin stabilizes within a tight range, the market remains divided between fear-driven sellers and opportunistic players positioning for the next major move. The coming days could determine whether BTC finds stability or faces renewed selling pressure from nervous short-term holders. Bitcoin Whale Moves Cause Speculation Lookonchain has tracked a series of high-stakes moves from the trader known as BitcoinOG (1011short) — one of the most closely watched whales in the market right now. The trader reportedly closed all BTC short positions on Hyperliquid, securing more than $197 million in profit across two wallets after last week’s crash. Just hours later, the same wallet transferred $89 million USDC to Binance, immediately sparking speculation that the trader could be preparing to reopen short positions. Coincidentally, Bitcoin open interest on Binance surged by $510 million shortly after the deposit, adding fuel to theories that the whale may be behind the move. While no direct link has been confirmed, analysts are split on whether this signals another round of aggressive shorting or simply capital repositioning. Some suggest the whale may be betting on further downside after Bitcoin’s failure to hold above $115K, while others believe the funds could be used for market-neutral strategies like hedging or arbitrage. Still, the timing has left traders uneasy. The market remains fragile, and the whale’s actions — whether strategic or coincidental — could influence short-term sentiment as Bitcoin fights to defend support around the $110K region. Related Reading: Matrixport-Linked Wallets Pull 4,000 Bitcoin From Binance Within 20 Hours – Details BTC Consolidates Below Pivotal Level Bitcoin continues to face selling pressure as it trades around $112,500, hovering just above its short-term support zone. The daily chart shows that BTC remains trapped between the 50-day moving average (near $115,000) and the 200-day moving average (around $108,000), signaling an indecisive market. The repeated rejections near $117,500 — a level that acted as both support and resistance throughout the year — confirm it as a key supply zone. The recent bounce attempts have been weak, with volume thinning and momentum indicators suggesting consolidation rather than a strong reversal. Bulls are struggling to reclaim control after the sharp sell-off that briefly sent BTC to $103K, and failure to hold above $110K could expose the next lower liquidity pockets around $107K and $105K. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets On the other hand, holding above this range would stabilize market sentiment, allowing BTC to rebuild a base for a potential retest of the $115K–$118K area. For now, price action remains cautious — range-bound and reactive to broader risk sentiment. Traders are watching for a breakout above $115K or a decisive drop below $110K to confirm the next major directional move in the aftermath of last week’s volatility. Featured image from ChatGPT, chart from TradingView.com

Bitcoin is facing a pivotal moment after last Friday’s flash crash briefly sent prices tumbling to the $103,000 level, shaking market confidence before a swift recovery. The leading cryptocurrency has since stabilized, consolidating below the $115,000 mark as traders and institutions reassess short-term momentum. While volatility has returned, on-chain and institutional data continue to show underlying strength in Bitcoin’s fundamentals. Related Reading: Bitcoin Handles $14B OI Drop As Spot Volume Surged To $44B: Controlled Reset? According to a new report from Bitwise, institutional demand remains robust — with 72 publicly known companies collectively holding more than 1 million BTC, valued at roughly $117 billion. This includes major corporate holders, ETFs, and investment funds that continue to view Bitcoin as a long-term strategic asset despite the market turbulence. This growing accumulation reinforces the idea that Bitcoin’s macro trend remains intact, driven by institutional adoption and long-term conviction. As the market digests recent volatility, the strength of these treasury positions could play a key role in stabilizing prices and setting the stage for Bitcoin’s next major move. Corporate Bitcoin Adoption Reaches Record Levels in Q3 The latest Bitwise report highlights a striking development in Bitcoin’s institutional landscape: 176,762 BTC were purchased during Q3 by publicly listed companies and funds. This steady growth in corporate treasuries underscores how Bitcoin continues to evolve from a speculative asset into a recognized component of the global financial ecosystem. At the forefront of this movement remains Strategy, which retains its position as the largest corporate holder with 640,031 BTC, equivalent to tens of billions in market value. The firm also added an impressive 40,000 BTC during the third quarter, demonstrating persistent conviction despite recent volatility. Other institutions and ETFs have followed suit, expanding their Bitcoin exposure as part of broader digital asset strategies aimed at hedging inflation, diversifying reserves, and participating in a new phase of global liquidity cycles. This expanding corporate adoption suggests that Bitcoin has entered a more mature and globally integrated phase. No longer seen solely as a speculative trade, it is increasingly recognized as a strategic asset within the balance sheets of financial institutions and multinational corporations. In essence, this trend reflects the institutionalization of Bitcoin—a movement that stabilizes demand, reinforces market confidence, and reduces the dominance of short-term retail speculation. As regulatory frameworks evolve and traditional finance converges with blockchain technology, Bitcoin’s presence in corporate treasuries could become as routine as holding cash or government bonds. Related Reading: Matrixport-Linked Wallets Pull 4,000 Bitcoin From Binance Within 20 Hours – Details Bitcoin Consolidates Below Key Resistance Amid Market Uncertainty Bitcoin continues to face pressure as it trades around $112,870, struggling to reclaim the critical $117,500 resistance zone highlighted in the chart. This level has acted as a key supply area over recent months, and each failed breakout attempt has reinforced it as a strong ceiling for the price. After the flash crash to $103,000 last week, BTC staged a moderate recovery but remains trapped between the 50-day moving average (blue) and the 200-day moving average (red)—a zone that often defines medium-term trend direction. Bulls have managed to protect the $110,000–$111,000 support area, but repeated tests of this range show weakening momentum and growing uncertainty. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets The moving averages are currently flattening, suggesting market indecision. If Bitcoin fails to retake the $115,000–$117,500 range, further downside toward $108,000 or even $105,000 remains possible in the short term. Conversely, a successful daily close above $117,500 could confirm renewed bullish momentum and open the door for a move toward $122,000–$125,000. BTC appears to be in a consolidation phase, digesting recent volatility while traders wait for clearer direction. Institutional flows and on-chain signals will likely determine whether this zone becomes a base for recovery or the beginning of another leg lower. Featured image from ChatGPT, chart from TradingView.com

According to statements made on CNBC, BlackRock’s spot Bitcoin ETF, IBIT, has topped $100 billion in assets under management less than two years after it launched. Related Reading: Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover? That figure marks one of the fastest rises for any ETF in recent memory. It also puts the world’s largest asset manager squarely at the center of institutional Bitcoin holdings. BlackRock Now Holds A Large Share Of Bitcoin Supply Based on reports, BlackRock holds 804,944 BTC. At current, lower market levels, that stash is worth close to $90 billion. When Bitcoin hit an all-time high last week, the same holding was worth more than $100 billion. BlackRock’s position represents 3.83% of Bitcoin’s total supply. For comparison, Strategy (formerly MicroStrategy) owns 640,250 BTC, or 3.048% of supply, according to available figures. Those numbers show how ownership of Bitcoin is shifting toward big financial firms as ETFs and other products bring new capital into crypto markets. Tokenization Push Adds New Dimension Larry Fink told viewers the firm is moving faster into digital assets and that tokenization will be used for a wide range of investments, from property to bonds. BlackRock also manages an Ethereum portfolio valued at more than $17 billion. The company has launched tokenized money market vehicles, and one product called BUIDL has become the largest tokenized cash money market fund, according to the firm. With about $4 trillion reportedly sitting in digital wallets worldwide, BlackRock sees an opportunity to reach investors who prefer digital channels. Institutional Shift In Ownership Is Clear Reports show IBIT’s rapid growth has changed the balance of large holders. Where corporate treasuries and early adopters once dominated ownership, institutional funds now control a rising share. That matters for liquidity and for how large inflows or outflows might affect the market when they happen. It also shifts some power over market behavior to managers who must answer to clients and regulators. Bitcoin Price And Market Conditions Based on market updates, Bitcoin fell below $112,500 on Wednesday. Price action cooled after recent gains, with renewed headwinds including US-China trade tensions and a temporary US government shutdown contributing to weaker sentiment. Analysts say the next few weeks could offer buying chances as funding and perpetual markets calm. Institutional flows into ETFs like IBIT will be watched closely because they can tilt short-term demand. Related Reading: BNB’s Comeback Meal — Trader Says The Token Ate The Dump For Breakfast What This Means Going Forward BlackRock’s move signals a larger reality: digital assets are now part of mainstream finance. Fink’s change in tone — from caution to active investment — reflects that shift. The presence of a major manager with hundreds of thousands of BTC and a growing set of tokenized offerings will influence how investors view crypto exposure. Featured image from Michael Nagle/Bloomberg/Getty Images, chart from TradingView

With the Bitcoin price seeing some recovery after crashing to $102,000, speculations now abound as to where the pioneer cryptocurrency could be headed next. So far, it has been a mixed bag, with some expecting a rally similar to the COVID rally to follow, and others believing that this is the start of the bear market. In the same vein, a pseudonymous crypto analyst has painted a clear picture of where they expect the Bitcoin price to go, depending on how it performs in relation to the midpoint level. What Happens If The Bitcoin Price Stay Above the Midpoint? Presently, the midpoint line is important to the performance of the Bitcoin price. This is because it lies firmly between the major support and resistance that were seen in the last few weeks. This puts the midpoint at around $111,994, marking the next decisive point for the cryptocurrency. Related Reading: XRP Open Interest Crashes 50% Over The Weekend, What Does This Mean For Price? As the crypto analyst explains, if the Bitcoin price is able to stay above the midpoint, then the next major resistance that it would need to beat lies at the 0.75 Fibonacci level. This translates to the $117,605 price level, making it the point where the bears could mount the most resistance, especially given the fact that this trend is bearish on the lower time frames. Nevertheless, staying above this midpoint would mean that the trend remains bullish and in favor of the buyers. Thus, it would send the trend for a rally confirmation, and potentially lead the charge toward the next bid for new all-time highs. “A V-shaped recovery and move straight to the highs would be max pain after such a brutal move down,” the analyst stated. Bears Could Still Reclaim Control While the Bitcoin price staying above the midpoint is still bullish, there are way more bearish implications if the price breaks down at this level. The analyst points out that losing the midpoint level would mean that the Bitcoin price was once again open to backfilling the wick. Related Reading: XRP About To Stage A Repeat Of 2017? Here’s What Happened Last Time There Was A Flash Crash This wick refers to the flash crash wick that was established last Friday, when the Bitcoin price fell to $102,000. The market continues to struggle to recover from the last crash, even with Bitcoin being above $110,000, and another breakdown toward $102,000 could be catastrophic for altcoins. In support of the bearish thesis, another crypto analyst also pointed out that the Bitcoin price is exhibiting signs of distribution. With this, it is possible that Bitcoin could form a reversal pattern and continue the price downtrend. From here, the analyst sees the price eventually crashing below $100,000 before finding support. Featured image created with Dall.E, chart from Tradingview.com

Bitcoin has faced another retrace in the past day that has brought its price to the short-term holder cost basis, a level that has acted as support thus far. Bitcoin Is Making Yet Another Retest Of The STH Realized Price As explained by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin could be at the fourth step of the short-term holder (STH) Realized Price cycle. The “Realized Price” here refers to an indicator that measures the average cost basis of the investors on the BTC network. When the value of this metric is greater than the spot price, it means the overall market is carrying a net unrealized loss. On the other hand, it being below BTC’s value suggests the average holder is in the green. Related Reading: Bitcoin Crash Unlike LUNA & FTX Collapses, Says Glassnode: Here’s Why In the context of the current topic, the Realized Price of only a specific segment of investors is of interest: the STHs. These are the BTC holders who purchased their coins within the past 155 days. This group is considered to include the fickle-minded bunch of the sector, prone to making panic moves during volatile periods. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Realized Price of the STHs over the last couple of months: As is visible in the above graph, Bitcoin has made a few retests of the STH Realized Price during the last few weeks and each time, the level has held so far. The reason behind the indicator acting as support lies in how investor psychology tends to work. As the analyst has broken down in the chart, STHs typically follow a five-step cycle during bullish phases. The first three steps involve some degree of buying from the group upon retests of their cost basis from above. These holders consider the retraces to their break-even level as dip-buying opportunities. By the fourth retest, however, they can become exhausted, and may decide to stop their accumulation. This is when the level stops providing support to the cryptocurrency. Related Reading: BNB Shoots Up 6%: Is This Just The Start Of A Run To $2,400? From the chart, it’s visible that the latest retrace in Bitcoin has once again brought its value near the STH Realized Price. Given that this is the fourth retest, Maartunn has noted that this could potentially be the fourth step in the STH cycle. It will now be interesting to see how the asset’s price develops in the coming days. A sustained move below the level may confirm a breakdown of support and lead to the fifth and final step of the STH cycle, where these investors start looking at their break-even level as an opportunity to exit the market instead, thus turning what was once support into resistance. BTC Price Bitcoin dropped to $110,000 earlier in the day, but the coin has since bounced back to $113,000. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

As Bitcoin (BTC) tries to recover from its weekend sell-off that saw it almost crash to $100,000, some crypto analysts think that the BTC market likely “lost its pulse.” As a result, the leading cryptocurrency may be on the cusp of losing its bullish momentum. Bitcoin At The Risk Of Losing Momentum? According to a CryptoQuant Quicktake post by contributor TeddyVision, Bitcoin’s Inter-Exchange Flow Pulse (IFP) has been trending lower, confirming that inter-exchange activity is slowly fading. Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone For the uninitiated, the IFP measures liquidity as it moves between crypto exchanges. In essence, it can be considered a proxy to determine how active arbitrage and market-making really are. To explain, arbitrage refers to the practice of buying an asset for a lower price on one platform and selling it at a higher price on another, thus benefiting from the price differential. In simple terms, arbitrage refers to profiting from inefficiencies. When such inefficiencies exist in the market and are actually executable, liquidity tends to start moving fast. At the same time, trading bots begin shuttling funds across platforms, market spreads begin to realign again, and the market starts to feel “alive.” This is when the IFP rises. Although there is greater market volatility due to a rising IFP, it is generally considered healthy for the market as it confirms that BTC is likely experiencing a bullish momentum. However, since the IFP reading has turned lower in recent weeks, traders are finding it harder to arbitrage price discrepancies even though they might still be appearing. TeddyVision noted: Price discrepancies still appear, but they’re harder to arbitrage – liquidity is thinner, latency is higher, and risk-adjusted opportunities are drying up. Traders find fewer setups worth taking, and less capital circulates between venues. The analyst emphasized that liquidity is not leaving the market, it is just not circulating like earlier. While such a slowdown in liquidity does not crash the market, it does drain the energy out of it. To conclude, the market is not collapsing, it is just “too efficient” at the moment for traders to find any meaningful arbitrage opportunities that they can benefit from. When inefficiencies leave the market, the underlying asset is likely at risk of losing its momentum. A Healthy Correction For BTC? The market crash on October 9 led to the largest single-day liquidation ever in the history of the crypto industry, totalling a mammoth $19 billion. While the overall optimism has receded, some analysts are still hopeful of a quick sentiment turnaround. Related Reading: Bitcoin Forecast: $160,000 Target Possible If These 2 Conditions Align – Analyst Fellow crypto analyst EtherNasyonaL stated that BTC has maintained its upward trajectory despite the recent market crash, and that a move to a new all-time high (ATH) may be on the horizon. At press time, BTC trades at $111,731, down 2.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

After beginning the week above the critical $115,000 mark, Bitcoin (BTC) and the broader cryptocurrency market initially showed signs of recovery. However, BTC has resumed its downward trajectory, experiencing a 4% decline over the past 24 hours. This downturn has had a cascading effect on other altcoins, particularly Ethereum (ETH) and XRP. BTC, ETH, XRP’s Plunge Explained With the Bitcoin drop, Ethereum recorded a 5% drop, once again losing the pivotal $4,000 support level, while XRP has suffered even greater losses, plummeting by 7% during the same timeframe. This decline has pushed XRP closer to $2.40 as of Tuesday, highlighting the volatility affecting altcoins in the current market environment. Related Reading: Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency According to Bloomberg, this recent Bitcoin and crypto slide can be attributed to geopolitical tensions, specifically China’s imposition of restrictions on the American units of Hanwha Ocean Co., one of South Korea’s largest shipbuilders.  This action is seen as a retaliatory measure against US sanctions targeting the Chinese shipping sector. Bitcoin and the crypto market were already reeling from a brutal selloff that began on October 10, which resulted in approximately $19 billion worth of leveraged positions being liquidated.  This selloff, which saw the Bitcoin price drop toward $102,000 last Friday, was triggered by US President Donald Trump’s threats of increased tariffs on China in response to new export controls. Three Scenarios For Bitcoin Market analysts are closely monitoring Bitcoin’s performance, noting that a drop below the $110,000 threshold could initiate a test of the $104,000 to $108,000 liquidity band, according to Timothy Misir, head of research at digital-assets analytics platform BRN.  “The market now enters a consolidation phase, characterized by renewed caution, selective risk-taking, and a more measured rebuilding of confidence across both spot and derivatives markets,” commented analytics firm Glassnode. Furthermore, market expert Doctor Profit has outlined three potential scenarios for Bitcoin’s trajectory over the short, mid, and long term on social media platform X (formerly Twitter).  Related Reading: Dogecoin Foundation’s House Of Doge Announces NASDAQ Listing In the short term, covering the current month, the Bitcoin outlook is neutral. Although a slightly bullish sentiment was noted yesterday, it has reverted to neutral as new data emerges, emphasizing the need for more information to make a conclusive decision.   For the mid-term outlook, spanning one to three months, the sentiment is bearish. The expert indicates that the market has recently entered the early stages of a bear phase. While there may be instances of dead cat bounces, he suggests that the overall direction for the mid-term appears to be downward. Looking further ahead, in the long term (three to twelve months), the analysis remains extremely bearish for Bitcoin and crypto as the macroeconomic environment indicates an impending global economic upheaval, which many believe is closer than it appears.  When writing, Bitcoin trades just above its key support for the short-term at $110,300.  Featured image from DALL-E, chart from TradingView.com 

On-chain analytics firm Glassnode has explained how the latest Bitcoin selloff is different from the LUNA and FTX crashes of 2022. Bitcoin Supply In Profit Trend Is Structurally Different For The Latest Crash In a new post on X, Glassnode has discussed how the recent bearish action in BTC compares against some of the past crashes. The analytics firm has used the Percent Supply in Profit to make the comparison. This on-chain indicator measures, as its name suggests, the percentage of the total Bitcoin circulating supply that’s sitting on some net unrealized gain right now. Related Reading: BNB Shoots Up 6%: Is This Just The Start Of A Run To $2,400? The metric works by going through the transaction history of each token in circulation to see what price it was last transferred or sold at. If this previous transaction price was less than the latest spot price for any token, then it may be considered to be currently sitting on some profit. The Percent Supply in Profit adds up all coins of this type and determines what percentage of the supply they make up. Another indicator called the Percent Supply in Loss tracks the tokens of the opposite type. If one of these indicators is known, the other can simply be calculated by subtracting it from 100, since the total BTC supply must add up to 100%. Now, here is the chart shared by Glassnode that shows the trend in the Bitcoin Percent Supply in Profit over the last few years: As is visible in the above graph, the Bitcoin Percent Supply in Profit hit the 100% mark earlier in the month when the cryptocurrency’s price set its new all-time high (ATH). When the sharp selloff at the end of last week started, the indicator’s value was still well over the 90% mark, meaning the vast majority of investors were in the green. As such, the crash was more profit-driven, with losses mostly coming from the top buyers. During some of the big crashes of the 2022 bear market, however, the market conditions were quite different. In the LUNA and FTX collapses, the Percent Supply in Profit sat under 65%. In the chart, Glassnode has also highlighted the data of another metric: the Net Realized Profit/Loss, measuring whether profit-taking or loss-taking is dominant on the BTC network. From this indicator, it’s apparent that the aforementioned crashes saw deep negative values, implying a broad capitulation event took place. Related Reading: Bitcoin Direction Still Unclear: Analyst Says Watch These Key Charts The 3AC collapse occurred alongside a higher Percent Supply in Profit, but it also witnessed a notable spike in loss-taking. Based on this, Glassnode concludes that the latest Bitcoin crash was “a structurally different, leverage-driven event.” BTC Price At the time of writing, Bitcoin is trading around $110,400, down more than 11% over the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin is testing a critical support level near $110,000 after being rejected from the $116,000 supply zone, a level that has now become a major point of contention between bulls and bears. The market remains fragile following the historic volatility from Friday’s crash, which erased billions in leveraged positions and triggered widespread uncertainty. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets While the price has managed to stabilize above key moving averages for now, momentum appears to be weakening as buyers struggle to absorb continued selling pressure. Some analysts warn that if Bitcoin fails to hold this zone, a deeper correction toward the $105,000–$107,000 region could follow, marking another shakeout before a potential recovery. Top analyst Axel Adler shared new data shedding light on the magnitude of Friday’s event. According to his analysis, spot trading volume surged to $44 billion, nearing cycle highs, while futures volume hit $128 billion. More notably, open interest declined by $14 billion, yet only $1 billion of that was from BTC long liquidations. Adler explains this was a controlled deleveraging event, not a liquidation cascade — suggesting that market participants reduced risk manually rather than being forced out. Still, volatility remains elevated as Bitcoin fights to maintain structural support. A Controlled Reset Amid Growing Fear According to Axel Adler, the recent market crash revealed an important yet underappreciated aspect of Bitcoin’s maturity. Data shows that 93% of the $14 billion decline in open interest (OI) during Friday’s sell-off wasn’t forced — meaning it wasn’t the result of automatic liquidations. Instead, traders and institutions chose to reduce leverage manually, closing positions to protect capital. Adler describes this as a “controlled deleveraging”, a stark contrast to previous cycles where similar crashes often triggered chaotic cascades of liquidations. This behavior marks a turning point in Bitcoin’s market structure. It indicates that participants — especially institutional players — are managing risk more prudently, reinforcing a more stable and mature trading environment. In past cycles, sharp liquidations often caused extreme volatility, magnifying losses across the board. This time, however, the market handled unprecedented stress with relative discipline. Still, despite this sign of structural maturity, the emotional landscape has shifted dramatically. As Bitcoin loses value and hovers near the $110,000–$112,000 support zone, fear is spreading across the market. Many short-term traders are exiting positions, while long-term holders are reassessing exposure amid rising uncertainty. Adler notes that this phase — where fear peaks and confidence wanes — often defines the next market direction. If demand returns at these levels, Bitcoin could confirm a healthy reset before the next rally. But failure to hold support may test investors’ conviction, potentially pushing BTC into a deeper corrective phase before broader accumulation resumes. Related Reading: Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again Bitcoin Holds Key Support, But Momentum Weakens Bitcoin is currently trading around $110,300, sitting directly on a key support zone after another round of selling pressure hit the market. The 4-hour chart shows BTC struggling to maintain upward momentum after failing to break above the $116,000–$117,500 resistance range, a level that previously acted as strong demand during earlier rallies. The rejection from this area triggered a sharp pullback, pushing BTC below both the 50 EMA (blue line) and the 200 EMA (red line) — a sign of weakening short-term structure. The price is now testing horizontal support around $110,000, which aligns with the late September consolidation range. A clean breakdown below this level could expose Bitcoin to further downside, with the next potential support around $106,000–$107,000. Related Reading: From $254M To $78.5B: Tron USDT Growth Drives Network Valuation Despite the bearish tone, oversold signals are beginning to appear on lower timeframes, suggesting that a temporary rebound is possible if bulls defend this zone successfully. For a sustainable recovery, Bitcoin must reclaim $114,000 and re-establish itself above the short-term moving averages. Until then, the market remains in a fragile equilibrium — with bulls defending key support and bears maintaining control of short-term momentum. The next few sessions will be decisive for BTC’s direction. Featured image from ChatGPT, chart from TradingView.com

Bitcoin continues to trade with high volatility following Friday’s brutal crash that sent prices as low as $103,000. Over the weekend, the market has struggled to find a clear direction, with bulls and bears locked in a tense battle around the $115,000 level. Sentiment remains divided — some analysts expect a consolidation phase before another leg higher, while others warn of a deeper correction if selling pressure intensifies. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets Adding to the uncertainty, new data from on-chain analytics firm Lookonchain has revealed massive withdrawals by wallets linked to Matrixport, a major crypto financial services platform. The move has sparked heavy speculation across the market, with investors debating whether this represents institutional accumulation, treasury reallocation, or preparation for potential selling. Matrixport, founded by former Bitmain co-founder Jihan Wu, is known for managing large-scale digital asset operations. As such, its actions often draw attention from analysts tracking institutional flows. For now, Bitcoin remains in a delicate position — consolidating near support, while large-scale whale movements keep traders on edge. Institutions Adjust Positions as Market Enters Choppy Phase As Bitcoin struggles to reclaim its recent all-time highs above $125,000, institutional activity has started to reflect a more cautious tone. The market appears to be entering a choppy, directionless phase — one defined by profit-taking, reallocation, and controlled derisking rather than panic. Long-term holders, who have accumulated substantial gains throughout the year, are beginning to trim positions, locking in profits as volatility remains elevated and macroeconomic uncertainty grows. The recent Matrixport activity fits neatly into this broader institutional trend. On-chain data from Lookonchain revealed that wallets linked to Matrixport withdrew 4,000 BTC (roughly $454 million) from Binance within 20 hours, a move that quickly caught the attention of traders and analysts. Such large transfers from exchanges are typically interpreted as a sign of strategic repositioning — either moving assets to custody, deploying them for institutional clients, or reallocating capital in response to shifting market dynamics. This follows a pattern seen across major crypto players in recent weeks. Institutional entities appear to be rotating funds, managing risk more proactively, and rebalancing exposure amid the heightened volatility triggered by Friday’s market crash. The broader context suggests not an exodus, but rather a strategic phase of recalibration. In essence, the Matrixport withdrawal underscores a market in transition — one where large players are still active but far more selective. As Bitcoin hovers between $113K and $118K, the coming days could define whether this cautious accumulation transforms into renewed confidence or if continued derisking keeps BTC trapped in consolidation before its next decisive move. Related Reading: Ethereum OI Jumps +8.2% As Traders Chase The Pump: Leverage Fueling ETH Again Bitcoin Price Analysis: Consolidation Deepens After Rejection Bitcoin continues to show signs of weakness after failing to reclaim the $117,500 resistance level — a key zone that has now acted as a rejection point multiple times over the past months. The daily chart shows BTC trading around $111,800, down roughly 3% in the last 24 hours, as volatility remains elevated following last week’s sharp correction. The 50-day moving average (blue line) has started to flatten, signaling a potential short-term shift in momentum, while the 100-day MA (green line) is acting as dynamic support near $111,000. A decisive breakdown below this area could expose Bitcoin to a deeper correction toward the 200-day MA (red line), currently sitting around $106,000 — a level that has historically served as a strong accumulation zone. Related Reading: Bitmine Receives 23,823 Ethereum From BitGo As Institutional Accumulation Continues On the upside, bulls must reclaim $117,500 to regain control and reestablish a bullish structure. However, the repeated failures to sustain above this range reflect growing indecision and possible profit-taking by institutions and long-term holders. The market appears to be consolidating within a broad range, with traders awaiting confirmation of direction. A clean push above $117,500 would open the door for recovery, while a close below $110,000 could increase bearish momentum in the short term. Featured image from ChatGPT, chart from TradingView.com

Ostium Labs’ Market Outlook #55 argues that Bitcoin’s higher-timeframe bull structure survived last week’s volatility and now points “back to the highs,” provided spot holds above $107,000. “Whilst we trade above $107k, I think the next move is back to the highs, with $112k likely to act as local support,” the note states, adding that the firm still expects price to trade into “that confluence of overhead resistance at $133k by month-end.” The team frames last week’s deleveraging as the “great reset,” contending that the largest liquidation event in crypto history removed excess leverage without breaking weekly structure. On the weekly chart, no major support was lost and the wick down to roughly $107,000 was reclaimed into a $115,000 close, which Ostium reads as confirmation that momentum remains bullish on higher timeframes. Invalidation is precise: “A weekly close below last week’s low is now the obvious invalidation… close through $107k… and we have a more pressing concern, where we undoubtedly then trade into $99k.” On the daily, Ostium notes a classic sweep-and-reversal sequence. Price twice tagged the prior range high near $126.3k, failed to hold above $123.8k, and then “collapsed,” ultimately wicking into the 200-day moving average—an area the desk had flagged as a likely terminal level for any early-October capitulation. The view from here is unambiguous: “Anyone expecting sub-$100k will remain sidelined for a long time—if you didn’t get it on the largest liquidation event in crypto history, I don’t think you’re getting it until we enter a bear market.” Tactical invalidation on this timeframe is a daily close below the 200-DMA, which would put the 360-DMA near $100,000 in play and constitute Ostium’s “line in the sand for a full-blown flip into bear market territory.” Related Reading: Bitcoin Weekly Preview: Trump’s Tariff Playbook Is Back — Here’s How To Trade It Path dependency matters for the upside call. Ostium expects prior highs around $112,000 to act as support and form a higher low, with “acceptance back above ~$116k” setting a rotation to the top of the range at $123.8k and then “price discovery beyond that.” The desk’s near-term timing is surprisingly punchy: “Gun to my head I think we trade $125k by early next week and $133k by month-end.” For traders, the preferred long setup is early-week weakness into $110k–$112k to establish a higher low, using a daily close below $107k (hard stop $105k) as risk, and targeting at least $121k with scope for much higher. A counter-trend short, by contrast, would require a grind up into the $121k confluence, a rejection and daily close back below $118k, and then a fade into the $110k–$112k zone—only if the higher-low hasn’t already formed. Positioning evidence, in Ostium’s view, buttresses the reset-then-extend thesis. The firm highlights obliterated open interest, Binance Net Longs back to “Liberation Day” lows, compressed three-month annualized basis, and fresh liquidation maps for one-week and one-month horizons—all consistent with a cleaner tape for trend continuation. The calendar this week is dense but navigable: a speech-heavy week (Powell, Bailey, Lagarde), the NY Empire State Manufacturing print, the Philadelphia Fed survey, and US Industrial Production. Ostium’s framework treats these events as potential catalysts rather than trend definers; so long as $107,000 holds and $112,000 functions as a springboard, the structural bias remains higher toward $133,000. At the core of the thesis is a binary investor psychology after the purge. “These sorts of events mark turning points: either you are now cemented in your belief that… the bear market has begun… or you are cemented in your belief that the leverage washout gives us the runway for higher for longer prices into Q1 next year,” Ostium writes. The desk is firmly in the latter camp, reiterating that Bitcoin “looks more bullish today than it did at the beginning of last week.” Briefly beyond Bitcoin, Ostium’s cross-asset read tilts supportive for the crypto beta complex if near-term conditions align. For Ethereum, weekly structure “looks nothing like a top,” with a decisive close above trendline resistance and $4,400 expected to trigger an all-time-high breakout; the team believes “ETH trades through $4,950 within 10 days… toward $5,750 in November,” and sees the Q4 low as likely in. Related Reading: Bitcoin Direction Still Unclear: Analyst Says Watch These Key Charts On ETH/BTC, the desk calls last week’s flush into 0.0319 a higher-low and anticipates ETH outperformance into year-end, contingent on reclaiming 0.0375 and eventually breaking the trendline—a dynamic that, if realized, could cap BTC dominance without undermining Bitcoin’s own trend. The DXY rally is viewed as late-stage: resistance near 100 and a looming rollover would reduce macro headwinds for risk assets. For US equities, Ostium still expects “higher for longer,” eyeing fresh SPX highs by month-end and a strong November as buyback blackouts end and earnings season progresses; improving equity breadth tends to coincide with constructive crypto flows. Finally, in “OTHERS,” the altcoin index printed a historic wick to the 360-week MA before reclaiming support; with derivatives positioning “utterly decimated,” Ostium now expects a higher local low, a November reclaim of the yearly open near $335bn, and, if confirmed, a push toward cycle and ATH resistance—conditions that usually track with a healthier, less fragile Bitcoin uptrend. Taken together, the desk’s message is consistent across timeframes and assets: the reset did its job, the invalidation is clear at $107,000, $112,000 should be the pivot, and the upside waypoint is $133,000, with the macro calendar more likely to modulate the path than to derail the destination. As Ostium summarizes, “Whilst we trade above $107k… the next move is back to the highs.” At press time, BTC traded at $111,509. Featured image created with DALL.E, chart from TradingView.com

Following Bitcoin’s (BTC) brutal sell-off on October 9, which saw the top cryptocurrency by market cap flash crash to $102,000 before recovering most of its losses, on-chain signals now show that there has been a noticeable decline in the Bitcoin network usage for most of 2025. Bitcoin On-Chain Fundamentals Losing Strength? According to a CryptoQant Quicktake post by contributor TeddyVision, Bitcoin’s Network Activity Index has been consistently trending below its 365-day moving average (MA) for most of 2025. The decline shows a structural slowdown in the Bitcoin network’s on-chain usage. Related Reading: Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price? For the uninitiated, the Bitcoin Network Activity Index measures how actively users are interacting on-chain – tracking metrics like transaction counts, active addresses, and transfer volumes. A rising index suggests growing organic usage and adoption, while a declining one indicates slowing network engagement. To recall, the Bitcoin network activity surged ahead of price back in 2023-24. At the time, Bitcoin price witnessed organic expansion in price, primarily driven by genuine on-chain usage. However, the trend has changed significantly in 2025. For the most part, this year saw Bitcoin liquidity circulating off-chain, while on-chain traffic has dwindled. As a result, the Network Activity Index has tumbled below the 365-day MA. That said, BTC price has held between $100,000 to $120,000, creating a widening gap between the digital asset’s valuation and network fundamentals. The CryptoQuant analyst remarked: Capital keeps rotating, but not expanding – most flows happen off-chain, through ETFs, custodians, and synthetic exposure, while genuine on-chain demand remains subdued. TeddyVision stated that the recent capital rotation in the Bitcoin market is not indicative of its strength, but rather it is just “momentum running on fumes.” The analyst added that when the Bitcoin network usage stagnates while price keeps on increasing, valuations stop reflecting adoption and start tracking assumptions. To conclude, although Bitcoin is not collapsing just yet, the fall in its network usage activity speaks volumes about its falling fundamentals. That said, all may not be over for BTC just yet. In an X post, crypto analyst Titan of Crypto noted that the Bitcoin bull market is not over yet. The analyst stated that a Bitcoin bear market will only start if it loses the 50-day Simple Moving Average (SMA) on the weekly chart. Q4 2025 Bullish For BTC? While the recent flash crash to $102,000 may have spooked BTC bulls, several industry experts are still confident that the digital asset will continue to make new record highs in the last quarter of 2025. Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October Crypto market expert Ash Crypto recently predicted that BTC is likely to hit as high as $180,000 in Q4 2025. Similarly, fresh data from Binance suggests that BTC could be on track to $130,000. In the same vein, noted crypto analyst Egrag recently forecasted that BTC only needs a minor catalyst to surge to $175,000. At press time, BTC trades at $114,076, up 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

An analyst has revealed the key Bitcoin charts that could be to keep an eye on while Bitcoin is slowly making recovery from its latest crash. These Bitcoin Charts Could Be Ones To Watch In a shock to the market, Bitcoin ended last week with a steep crash, falling from above $122,000 to below $110,000. The coin managed to make some recovery on Sunday, and that rebound has held so far into Monday. Related Reading: XRP Whales Are Selling: $50 Million Exiting Wallets Every Day However, while BTC appears to be rebuilding its structure, its direction remains unclear, as noted by CryptoQuant community analyst Maartunn in an X thread. Maartunn has shared a few key charts that could determine whether the recovery will hold or fade. First, the analyst has revealed a chart that points out a similarity between the recent Bitcoin price action and the November 2021 bull market top. As displayed in the above graph, BTC broke above its weekly resistance with the recent price rally, but immediately fell below the line after the crash. A similar failed breakout also took place back in November 2021. According to Maartunn, such a trend typically signals exhaustion. On-chain data also suggests the cryptocurrency is currently trapped below a notable resistance level, as the chart for the UPRD shows. The UTXO Realized Price Distribution (URPD) here is an indicator that tells us about the amount of Bitcoin that was last purchased/transferred at the various price levels that the asset has visited in its history. From the metric’s chart, it’s visible that a significant amount of supply has its cost basis between $117,500 to $120,000. The holders of these coins would naturally be underwater right now, so there is a chance that if BTC recovers to their break-even level, they might panic sell, fearing going into losses again. Given the scale of the supply involved, selling pressure of this kind could be notable on a retest of the range, potentially making it a major resistance barrier for the asset. A support level that could be key is the average cost basis or Realized Price of the short-term holders (STHs). The line has historically helped the asset find a rebound during bullish trends, with three instances of the trend occurring within the last six weeks alone. The analyst has warned, however, that conviction among the cohort is fading. Related Reading: Bitcoin Investors Pivoting To Accumulation, But Mega Whales Are Still Selling The Market Value to Realized Value (MVRV) Ratio suggests profitability among the Bitcoin STHs has been following a long-term decline, with the boundary level of 1 again being retested. “If this level breaks, expect downside. If it holds, it confirms demand — but manage risk accordingly!” noted Maartunn in the thread. BTC Price At the time of writing, Bitcoin is floating around $114,100, down over 8% in the last seven days. Featured image from Dall-E, CryptoQuant.com, charts from TradingView.com

Bitcoin heads into the new week with a clean catalyst: the White House’s tariff brinkmanship with China and a market structure that just absorbed the largest crypto liquidation on record. Markets have marched through the tariff cycle almost beat-for-beat, and as of Monday we are squarely at Step 8 of The Kobeissi Letter’s template: the post-open reassurance from Treasury. The sequence since late week ties cleanly to the blueprint Kobeissi published after “10 months analyzing EVERY single tariff development,” which it summarized as an “EXACT playbook for investors.” Bitcoin Weekly Preview In their words: “1) Trump puts out cryptic post… 2) Trump announces large tariff rate (50%+) and markets crash… 4) After the market closes on Friday, President Trump doubles down… 5) On Saturday, the target… responds… 6) On Sunday… Trump posts an announcement saying he is working on a solution… 7) Futures open… higher Sunday… 8) After the Monday open, Treasury Secretary Bessent appears on live TV and reassures investors… 9–10) over the next 2–4 weeks, officials tease a deal, then announce one, and stocks hit a record high. 11) Repeat.” Related Reading: Bitcoin Apparent Demand Turns Negative — What This Means For Price The Friday crash is the fulcrum. After President Donald Trump threatened to impose a 100% tariff on Chinese imports by November 1, risk assets lurched lower into the US close, with the S&P 500 off 2.7% and the Nasdaq down 3.6% on the day; Bitcoin and the entire crypto suffered the largest single-day liquidation in its history, with roughly $19 billion in positions wiped out across venues. The trigger, size, and timing map precisely to Step 2’s “announce large tariff rate… and markets crash to shake out weak positions,” followed by Step 3’s failed bounce and fresh lows as forced selling cascaded through perps and basis. The weekend then advanced the script. Between late Friday and Saturday, the White House and Beijing traded barbs — the “double down” and counter-response embedded in Steps 4 and 5. Coverage detailed the 100%-tariff threat and China’s vow of “corresponding measures,” underscoring that the policy shock was real rather than rhetorical. On Sunday, Trump abruptly eased his tone, writing on Truth Social: “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! Related Reading: Bitcoin’s Rally Still Looks Intact, CryptoQuant Says: Here’s Why Futures duly bounced Sunday evening, consistent with Step 6’s “working on a solution” message and Step 7’s gap-higher open. “Bitcoin extends gains to +5% on the day and reclaims $115,000. Ethereum is now up +11% on the day and is 4% away from pre-liquidation levels seen on October 10th,” the analyst added via X on late Sunday. Today, the Bitcoin and financial markets will be watching the administration’s communications cadence shifting from escalation to stabilization, with Treasury Secretary Scott Bessent doing the media rounds to frame risks, policy intent, and the negotiation path. Notably, this is not unprecedented: Bessent has repeatedly used live TV to pour oil on troubled waters during tariff flare-ups, a pattern documented across months of interviews and official transcripts, and consistent with Kobeissi’s “after the Monday open… [Bessent] appears on live TV and reassures investors.” The point for traders is not the theatrics; it is the systematic sequence of message-induced flows that tends to follow. The bottom line for this week is to let the tariff playbook dictate the rhythm. As The Kobeissi Letter put it, 2025 is a market where “Headlines and posts are now able to move trillions of dollars of market cap in a matter of minutes,” and where “the ability to remain objective and capitalize on emotional swings in the market is alpha in 2025.” Bitcoin’s structural bull drivers didn’t vanish in Friday’s flush, but the path from here will be written by policy posts. At press time, Bitcoin traded at $113,9979 Featured image created with DALL.E, chart from TradingView.com

Top crypto analyst Capo has indicated that the Bitcoin price crash is not over. This comes amid a rebound in the flagship crypto, which has climbed from the lows recorded during the recent crypto market crash.  Analyst Predicts 30% Drop For The Bitcoin Price In his latest market update, Capo predicted that the Bitcoin price could still drop another 30%. This came as he noted that the flagship crypto remains above $100,000, far from the $60,000 to $70,000 range that would align with a complete market correction. He added that until then, the downside potential remains significant.  Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October This market update comes amid the crypto market crash last Friday, when Bitcoin fell to as low as $104,000 following Trump’s announcement of a 100% tariff on China. $19 billion was wiped out from the crypto market, marking the largest liquidation event ever. Capo opined that the event was likely the ‘pre-Black Swan event’ and the first phase of something larger.  The analyst noted that altcoins have already seen historic capitulation, but that several major coins still haven’t fully flushed. Capo asserted that the wicks should eventually be filled and that lower levels may still be ahead for the Bitcoin price and the broader crypto market. Meanwhile, he mentioned that a brief consolidation over the weekend was likely but that more downside should follow this week as the global markets open.  The Bitcoin price bounced over the weekend, reaching as high as $116,000, as long positions piled up again following the wipeout. Crypto analyst The King Fisher highlighted upside liquidity of up to $118,000, noting that “weekends are for BTC range liquidations fishing.” It is worth mentioning that BTC had also rebounded thanks to Trump’s statement on Sunday, in which he allayed fears of a full-blown trade war with China.  Bull Market Is Not Done Yet Crypto analyst Titan of Crypto assured that the bull market is not yet, indicating more upside for the Bitcoin price. The analyst explained that the bull market starts when BTC reclaims its 50 SMA and that the bear market starts when it loses it. The flagship crypto also achieved a weekly candle close above $112,000, which confirmed Titan of Crypto’s thesis.  Meanwhile, crypto analyst Jelle noted that the Bitcoin price is back at the $115,000 resistance area. He further remarked that a successful reclaim of this level could send the flagship crypto to a new all-time high (ATH). BTC had hit a new all-time high above $126,000 before last week’s crash, which erased its October gains.  Related Reading: Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Crashing At the time of writing, the Bitcoin price is trading at around $115,100, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Following the massive crash that Bitcoin and the entire crypto market suffered over the weekend, the Fear & Greed Index has been pushed down to its lowest level in the last six months. This index, which measures the market sentiment and shows on a scale how investors are feeling about the crypto market, has now fallen back into the Extreme Fear territory. The number on the scale now shows the lowest level it has been since the market crash back in April 2025. Bitcoin Fear & Greed Index Sees Major Crash The Bitcoin Fear & Greed Index uses a number of factors to determine how investors are feeling about the market. It takes into account things like volatility, social sentiment aggregated across different social media platforms, market volume and momentum, and market dominance to come to a figure. Related Reading: Crypto Crash: $19.5 Billion Wiped Out In Record-Breaking Liquidation Event The data is aggregated, which puts it on a scale of 1-100, with 1-25 being Extreme Fear, 26-46 being Fear, 47-54 being Neutral, 55-75 representing Greed, and 76-100 representing Extreme Greed. Each of these shows either bullishness, bearishness, or nonchalance in the market. The most recent data shows that the Bitcoin Fear & Greed Index crashed to 24 on Sunday. This puts the index firmly in Extreme Fear territory, suggesting that investors are extremely cautious at this point. It also shows a reluctance to enter into any positions at this time. This is the result of the massive liquidation event that happened last Friday, with crypto traders losing over $19 billion in one day. Thus, it is no surprise that fear has gripped the market. However, this would also present a unique opportunity in the market. Buy When The Market Is Bleeding One of the oldest sayings in the financial world is to “buy when there is blood on the streets.” This represents times of extreme losses, where most investors are scared to put their money in the market. Thus, with the market teetering on Extreme Fear, it could be the time to buy. Related Reading: XRP’s 2017 Pattern Returns In 2025, Analyst Predicts Massive Rally The last time that the market declined into Extreme Fear this low was back in April 2025, and what followed was a rally that saw the Bitcoin price reach new all-time highs in May 2025. If this trend holds, then the market could be looking at a possible rapid increase. By Sunday, the market was already recovering, with the Bitcoin price crossing $114,000 and Ethereum making its way back above $4,000. It is still quite early to tell if the market is in a full recovery trend, but with prices already bouncing, it could signal the next wave of gains. Featured image from Dall.E, chart from TradingView.com

The recent crypto market crash stunned investors across the globe, but one analyst saw it coming long before it happened. Bitcoin plunged from above $125,000 to briefly below $102,000, and Ethereum dropped to below $3,800, exactly as predicted by popular market commentator Ash Crypto earlier this month.  His October 1 post on X warned of a sharp correction meant to liquidate all the bulls before a major rebound in Q4. Now that the dip has played out exactly as he forecasted, Ash Crypto’s outlook for the coming weeks is a powerful rebound phase. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare The Crash Prediction That Shook ‘Uptober’ The sell-off that sent shockwaves through the industry is a quick change in sentiment after Bitcoin’s recent all-time high on October 6. Bitcoin’s decline from above $125,000 to below $110,000 caused widespread panic that flowed into other cryptocurrencies, while Ethereum followed with a sharp drop below $3,800. More than $19 billion in leveraged trades were liquidated across different exchanges in under a day, making it one of the largest wipeouts in crypto history. However, the timing of the crash aligned almost perfectly with a projection on the social media platform X by Ash Crypto. On October 1, Ash Crypto outlined what he called a “pump-then-dump setup” designed to trap overconfident bulls. In his post, he warned that early-month gains would bait retail traders into believing PUMPtober was real before the market reversed violently to shake them out. Notably, the analyst predicted that Bitcoin would dip to around $106,000 and Ethereum to $3,800 or lower before rebounding later in the month. According to him, this correction phase would run until mid-October, sometime around the 15th to 20th of October, before transitioning into a powerful recovery in the last ten days of the month. What Comes Next After The Drop? Ash Crypto’s call has proven accurate, especially against the backdrop of widespread ‘Uptober’ optimism that clouded judgment for many crypto traders. However, despite the predicted bearish move, the prediction post also carried a long-term sentiment that aligns with a bullish Uptober. He explained that once market sentiment turns overwhelmingly bearish and traders begin to assume PUMPtober is canceled, short positions will pile up. It is at this point that a reversal will begin in the final ten days of October, leading to what he described as Q4 parabolic candles. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out Ash Crypto projected Bitcoin will reach between $150,000 and $180,000 by the end of the fourth quarter, while Ethereum will be trading anywhere in the $8,000 to $12,000 range. Following that move, he expects a full-fledged altcoin season that will cause the price of many altcoins to grow 10x to 50x in just a few months. At the time of writing, Bitcoin is trading at $114,049, and Ethereum is trading at $4,087. Featured image from Unsplash, chart from TradingView

As an aftermath of the October 10 market crash, where Bitcoin’s price reached levels as low as $101,500, the market is exhibiting a recognizable bearish on-chain structure. While the selling momentum seems to be slowing down, giving a sliver of hope to potential market participants, recent on-chain analysis seems to point towards caution as the more correct sentiment to have in the short term. Realized Profits Climb As High As $2.25 Billion  In an October 11 post on social media platform X, technical and on-chain analyst Darkfost revealed that a lot of Bitcoin investors might still be taking profits from their last buys.  Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone In the post on X, Darkfost cited results obtained from the Net Realized Profit/Loss [USD] 7 Day MA indicator. This metric keeps tabs on the average daily difference between the total amount of realized profits and losses of transactions over the past seven days. For context, realized profits refer to the total amount in USD of Bitcoin sold at prices higher than the levels of purchase, showing that investors are selling in the green. On the other hand, realized losses reflect the total Dollar worth of Bitcoin sold below their cost of purchase. The analyst put it out that the 7-day moving average of the Net Realized Profit/Loss metric recently reached a peak of $2.25 billion, the fourth-highest level seen in the current market cycle. Meanwhile, the metric’s weekly average holds well above $1.6 billion, indicating that profit-taking is still at a high level. Darkfost noted that if the Bitcoin market continues to witness this magnitude of profit-taking, it might be a while before the premier cryptocurrency switches from its current bearish sentiment to a more optimistic one.  $99,000-$104,000 May Be The Next Price Support In another post on X, cryptocurrency pundit Ted Pillows pointed out the $99,000-$104,000 region as the next possible support if the Bitcoin price were to keep sliding.  According to the analyst’s post on X, this price range has a decent amount of spot bids sitting within it, enough to act as a support zone to keep the Bitcoin price afloat. The next market trajectory thus seems to depend on whether investor profit-taking would remain high. In the scenario where it does, the $99,000-$104,000 price range might be the next zone to keep an eye out for. In an upside scenario, Pillows explained that the $119,000 price level and other zones above hold most of the sell orders currently in the market. As of this writing, Bitcoin is worth approximately $111,772, reflecting an over 1% gain in the past 24 hours. Related Reading: Bitcoin Whale Activity Reflects Sustained Confidence As $163K Comes In Sight — Details Featured image from iStock, chart from TradingView

Bitcoin appears to be quietly gathering strength beneath the surface. After a healthy pullback that shook out weak hands, the market is showing signs of renewed momentum. Key technical signals suggest this correction may have been a setup for the next major rally, potentially paving the way for a new all-time high. Healthy Correction Within A Dominant Uptrend EtherNasyonaL, in a recent post, highlighted that Bitcoin continues to maintain its upward trajectory despite recent market fluctuations. The analyst described the latest movement as a healthy correction within the broader bullish trend, emphasizing that such retracements are natural in a sustained rally. Related Reading: Bitcoin Pauses Below Key Levels – Can It Regain Momentum For A Rally? Following a rejection from the supply zone, Bitcoin found strong support at a key demand area, where buyers quickly stepped in to defend the price. This rebound underscores the underlying strength of market participants and reaffirms that bullish sentiment remains dominant. EtherNasyonaL noted that short-term volatility, for traders not involved in leveraged positions, often appears as noise in the bigger picture. BTC’s macro trend is still positive, and the ongoing correction may simply serve as fuel for the next leg higher. Overall, Bitcoin’s structure remains solid, with its trend intact and momentum still alive.  Bullish Spring Formation Points To Possible Breakout Setup Crypto analyst Christopher Inks, in an X post, noted that Bitcoin’s latest price action has refined its trading range, offering a clearer market structure. He suggested that the asset may have just formed a heavy spring or bullish Swing Failure Pattern (SFP), a setup that often precedes strong upward movement.  Related Reading: Here’s Why The Bitcoin Price Crashed After Hitting $125,700 All-Time High If this bullish setup holds, the analyst expects a validation phase, where Bitcoin could form a higher low on lower volume, a classic sign of successful testing. Such a move would confirm the spring’s strength and potentially trigger momentum toward a new all-time high (ATH). This phase is critical in determining whether the next major rally is about to begin. Inks also pointed to Open Interest (OI) as a key confirmation tool. A decline in open interest as price consolidates would suggest short covering and validate the bullish test. On the other hand, rising OI on lower closes would imply continued distribution, signaling that the market may need more time before reversing decisively. From an Elliott Wave Theory (EWT) perspective, Inks identified a three-wave structure from the swing low while printing a new swing high that fits a flat correction pattern. Since flat corrections often occur before the continuation of a larger uptrend, this analysis aligns with the Wyckoff interpretation, suggesting Bitcoin’s structure remains strong and poised for another upward leg. Featured image from Pixabay, chart from Tradingview.com

The Bitcoin price has experienced a notable decline of 6% from its all-time highs, leading to significant liquidation events that approached $200 million on Friday, while sparking renewed speculation about the cryptocurrency’s future trajectory.  Analysts from The Bull Theory attribute the current slump to geopolitical developments, specifically President Donald Trump’s announcement of substantial tariffs and export controls on Chinese goods, particularly affecting key industrial and strategic materials. How Tariff Risks Are Impacting The Bitcoin Price The implications of these tariffs, according to the analysts, are multifaceted, introducing risks that could disrupt supply chains, accelerate inflation, and slow global trade.  Related Reading: Why The Dogecoin Price Could Surge 3,690% To $9.8 This Bull Cycle Several factors are contributing to Bitcoin’s sell-off at this time. First, there is a notable risk rotation occurring, with investors seeking refuge in safer assets such as cash and gold.  Second, the looming tariff risks could lead to rising inflation, potentially delaying anticipated rate cuts. Third, the unwinding of short leverage positions is impacting alternative cryptocurrencies and leveraged Bitcoin holdings, exacerbating the downward trend.  Lastly, the uncertainty surrounding trade policies has created an “uncertainty premium,” prompting markets to demand a discount until a clearer picture emerges. Drawing parallels to past market behavior, the analysts recall that threats of tariffs in 2025 precipitated a significant crash in the Bitcoin price and other cryptocurrencies. These recent moves appear to serve as liquidity probes, testing the market’s resilience and flushing out weaker hands before a potential recovery phase. Analysts Predict Positive Outlook For BTC Looking ahead, The Bull Theory suggests market participants should be vigilant about BTC’s nearest key support zone, particularly around the $116,000 mark, where buyers have historically returned.  Additionally, they assert that the reaction of policymakers will be crucial; if the Federal Reserve (Fed) signals a willingness to ease monetary policy, a sharp rebound could follow. Conversely, if Trump’s rhetoric regarding tariffs diminishes or becomes more defined, it is expected that confidence in the market may be restored. In the short term, analysts anticipate continued downside volatility with potential retests of support levels. However, the medium-term outlook suggests that savvy investors may begin accumulating Bitcoin as the prevailing narrative weakens.  Long-term, with anticipated rate cuts and the historically strong performance of markets in the fourth quarter, the prospects for the Bitcoin price appear promising. As liquidity returns and market momentum builds, the path forward for Bitcoin often trends upward. BTC At $130,000 By Month-End? Market expert Timothy Peterson has also weighed in, noting that half of Bitcoin’s gains for October may have already been realized, according to artificial intelligence (AI) simulations.  Related Reading: Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants The analysis presented earlier this week a 50% chance that the Bitcoin price will finish the month above $140,000, and a 43% probability it would end below $136,000.  However, following the recent Bitcoin price drop, the updated AI forecast suggests an expected month-end value of around $130,000, representing an 11% increase from the current price of approximately $117,300.  Despite this, there is now an 18% chance that ‘Uptober’ could conclude negatively, adding another layer of uncertainty to the market’s outlook. Featured image from DALL-E, chart from TradingView.com 

The spot Bitcoin ETFs (exchange-traded funds) have been in solid form over the past two weeks, laying a foundation for the strong price action experienced by the premier cryptocurrency recently. According to market data, the crypto-linked investment products opened the week with a daily inflow record of over $1.21 billion. As of this writing, with data from Friday’s trading session yet to be included, the US-based Bitcoin ETFs are currently on a nine-day streak of positive inflows. However, a focused look into the inflows trend shows that this data point doesn’t fully tell the story. Do Bitcoin ETFs’ Performance Depend On BlackRock’s IBIT? In a recent post on the X platform, market analyst CryptoOnchain stated that the latest data shows a major divergence in the US-based Bitcoin exchange-traded fund market. According to the on-chain pundit, the capital flow has been mostly positive because of BlackRock’s iShares Bitcoin Trust (IBIT). Related Reading: Bitcoin 4-Year Cycle Marks A Turning Point: Analyst Explains Why This Time Is Different Breaking down the trend with the Bitcoin ETFs, CryptoOnchain labeled BlackRock’s IBIT as the “market’s shock absorber,” mopping up the heavy sell-side liquidity. The largest Bitcoin exchange-traded fund by net assets has not posted an outflow day in October, with a $4.21 billion inflow so far. On the other hand, the second-largest BTC ETF Fidelity Wise Origin Bitcoin Fund (FBTC) has had a mixed performance in recent days, signaling a trend of portfolio rebalancing amongst their investors. Meanwhile, Grayscale’s GBTC has struggled with muted capital performances, interspersed with some daily net outflows. CryptoOnchain also highlighted the Invesco Galaxy Bitcoin ETF (BTCO), which witnessed a major one-day outflow, which precipitated significant market pressure. However, the net positive activity of BlackRock’s IBIT kept the BTC price afloat at the time. CryptoOnchain noted that any slowdown in capital inflows for the iShares Bitcoin Trust could significantly weaken the bullish momentum of the BTC price. However, it is worth mentioning that the Bitcoin price is currently under intense downward pressure due to the looming trade war between the United States and China. As of this writing, Bitcoin is valued at around $112,143, reflecting an over 7% downturn in the past 24 hours. Bitcoin Institutional Demand Remains Steady: Glassnode Before the market downturn triggered by US President Donald Trump’s tariff rumors and eventual announcement, the Bitcoin price had managed to stay above $120,000. In an earlier October 10 post on X, Glassnode shared that the Bitcoin ETFs might have helped keep the premier cryptocurrency afloat. Related Reading: Bitcoin Foundation Has Changed: Cycle 4 Is Redefining Long-Term Market Trend – Here’s How According to the on-chain firm, the exchange-traded funds have continued to record capital inflows despite BTC’s mild pullback from its all-time high. “This suggests structural buying is still underpinning the market, helping to absorb volatility and stabilize price action,” Glassnode concluded. Featured image from iStock, chart from TradingView

The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trump’s move, which has ignited fears of a full-blown trade war with China.  Why The Bitcoin, Ethereum, and Dogecoin Prices Are Crashing The Bitcoin, Ethereum, and Dogecoin prices are down today, according to CoinMarketCap data. The flagship crypto has dropped to as low as $104,000 over the last 24 hours, wiping out its early October gains that led to a new all-time high (ATH) above $126,000. Ethereum dropped to as low as $3,400, while Dogecoin broke below the psychological $0.2 level and fell to $0.11.  Related Reading: Institutions Dump Massive Amounts Of Bitcoin And Ethereum As XRP And Solana Buying Ramps Up This massive crash in Bitcoin, Ethereum, and Dogecoin followed Trump’s Truth Social post, in which he announced that the U.S. will impose a 100% tariff on China, over and above any tariffs they are currently paying, starting on November 1. He added that they will also impose Export Controls on any and all crucial software from China starting on November 1.  Notably, Trump had earlier in the day threatened to massively increase tariffs on China, while stating that the country was becoming hostile. This initial threat caused Bitcoin to sharply drop below $120,000 from a high of around $122,000. Meanwhile, the Ethereum and Dogecoin prices also faced sharp declines.  Bitcoin was trading around $116,000 when Trump announced a 100% tariff on China, which sent the crypto market into a spiral. BTC’s further decline also pushed Ethereum and Dogecoin to intraday lows of $3,400 and $0.11, respectively, extending their market losses. Meanwhile, these massive declines for the crypto assets contributed to the largest liquidation event in crypto’s history.  CoinGlass data shows that $20 billion has been wiped out from the crypto market in the last 24 hours, driven by crashes in Bitcoin, Ethereum, and Dogecoin prices. This liquidation event was larger than the COVID-19 crash and the FTX bankruptcy crash.  Exchanges May Have Contributed To The Crash BitMEX co-founder Arthur Hayes suggested that crypto exchanges may have contributed to the crash in the Bitcoin, Ethereum, and Dogecoin prices. In an X post, he stated that the word on the street is that big CEX’s auto liquidation of collateral ties to cross-margined positions is why many altcoins “got smoked on the move down.” He congratulated those who bought the dip, stating that market participants are unlikely to see those levels again anytime soon on many high-quality altcoins.  Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October Crypto analyst Kevin Capital opined that the drop in Bitcoin, Ethereum, and Dogecoin prices was caused by serious issues across top exchanges like Robinhood, Coinbase, and Binance. He added that what makes it even worse is that these exchanges didn’t let people buy the dip at the lowest point. Featured image from iStock, chart from Tradingview.com

Bitcoin and the general crypto market have witnessed another significant downturn this year, with prices falling by double digits in the late hours of Friday, October 10. This bearish pressure started when rumors of a trade war between the United States and China emerged in the early hours of Friday. The downward pressure intensified after US President Donald Trump declared that the US would impose a 100% tariff on Chinese goods. As a result of this announcement, over $5.5 billion was liquidated from the crypto market in less than an hour, with the Bitcoin price briefly falling to as low as $101,500. Is This BTC Whale Linked To The US Government? In a recent post on X, on-chain analyst Maartunn highlighted a specific Satoshi-era Bitcoin investor who might have expected this downturn way before it happened. A look at the trader’s market moves suggests that the large BTC holder almost always knows something the market doesn’t. Related Reading: Bitcoin Whales Are Back: Three Indicators Suggest A Run Toward $130,000 While the price of Bitcoin steadily dropped towards $117,00 during the day, blockchain analytics platform Lookonchain revealed that this Bitcoin OG kept piling up their short positions up to $1.1 billion. Following the BTC crash below $110,000, this large investor made a profit of over $160 million, leading to speculations about them having insider information. Maartunn went further to highlight the large holder’s activities in the past few months. According to the analyst’s post on the social media platform X, this Bitcoin OG started selling part of their 86,000 Satoshi-era BTC stash when prices peaked around August 2025. Similarly, the BTC whale took to shaving off their holdings again when the Bitcoin price ran up to new highs in early October. What’s more interesting is that the Satoshi-era investor soon opened leveraged short positions on both Bitcoin and Ethereum on the Hyperliquid platform. Maartunn thought that the timing of these trades might be interesting, especially as the general crypto market soon witnessed a downturn due to President Trump’s tariff announcement. The on-chain analyst then concluded that the “Satoshi-era OG have insider ties to the US government.” Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $113,250, recovering swiftly from the plunge to around $101,500. However, the premier cryptocurrency is still down by nearly 7% in the past 24 hours. Related Reading: Bitcoin Dominance Dilemma – Why Capital Flows Back To BTC Before Fuelling Altcoin Rally Featured image from iStock, chart from TradingView

Following a new all-time high (ATH) of $126,199 on Binance, Bitcoin (BTC) is now consolidating in the low $120,000 range. Latest exchange data – such as Cumulative Volume Delta (CVD) Confirmation Score – suggests that BTC is benefitting from strong underlying demand. CVD Confirmation Shows Strong Demand For Bitcoin According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s CVD Confirmation Score – a 30-day rolling correlation between Bitcoin’s price and the CVD – is suggesting a strong resynchronization of the trend. Related Reading: Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price? For the uninitiated, the CVD Confirmation Score measures the 30-day correlation between Bitcoin’s price and the CVD, which tracks the net difference between taker buy and sell volumes on exchanges. A high score (above 0.7) indicates that price increases are backed by real buying pressure, while a low or negative score suggests weak or speculative momentum. Latest data from Binance shows that the CVD Confirmation Score currently hovers around 0.8 to 0.9, indicating that the current price surge is largely driven by genuine taker buying rather than a technical bounce or a short squeeze. Past data also suggests that whenever this data point has remained about 0.7 for an extended period, price corrections tend to be relatively shallow and short-lived. This is because new liquidity in the market quickly absorbs any incoming supply of BTC. The CryptoQuant analyst remarked that if the CVD Confirmation Score continues to hover above 0.7 – coupled with a decisive breakout above the $124,000 – $126,000 resistance zone – then it could be on its way to a potential target of as high as $135,000. However, any negative divergence with BTC price rising and CVD Confirmation Score dropping below 0.4 should be seen as a warning sign, as it increases the likelihood of distribution or liquidation pressure. Conversely, the $112,000 – $115,000 and $108,000 – $110,000 stand out as strong support levels for BTC. At these price levels, the CVD Confirmation Score should remain steady to ensure the uptrend remains intact. Arab Chain added: The underlying trend is bullish and supported by real inflows on Binance, the highest-volume exchange globally. Monitor three confirmation signals: CVD Confirmation stays high, open interest remains moderate, and funding does not become excessive. Any clear imbalance across these metrics will be the first warning of a momentum shift. Is BTC Due For A Correction? While bulls are hoping for an extended rally for BTC, some analysts aren’t quite convinced about the digital asset surging to new highs in the near term. For instance, crypto analyst ZVN recently stated that BTC may witness a pullback before its next surge to $150,000. Related Reading: Short-Term Holder Supply Rises By 559K Bitcoin – New Buyers Flood the Market Similarly, fellow crypto analyst Dick Dandy recently predicted that BTC may witness a massive 60% price correction, falling all the way down to $43,900. At press time, BTC trades at $118,791, down 1.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com