Bitcoin is trading around $107,000 after its recent flash crash, maintaining stability to prevent further decline but is yet to return to trading above $110,000. Notably, popular crypto analyst Titan of Crypto shared a detailed Gaussian Channel analysis on X that points to Bitcoin’s macro bull structure remaining intact despite short-term volatility. His post, which was accompanied by a Bitcoin price chart, shows how Bitcoin’s position relative to the Gaussian Channel offers a clear view of the ongoing cycle. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Bull Market Intact Above Gaussian Channel Titan of Crypto noted that Bitcoin’s placement above the Gaussian Channel represents strength in the long-term trend. As shown in the weekly candlestick price chart below, the green channel corresponds to bullish phases, while red regions represent bearish downturns, a prime example being the 2022 bear market. At the time of writing, the upper band is positioned around $101,300 and trending upward. Therefore, Bitcoin’s price action around $107,000 means that it is yet to break into the Gaussian channel and its overall market structure is still solid. From this, it can be inferred that Bitcoin’s current pullback from the October 6 all-time high above $126,000 is only a temporary pause within a larger bull market. Bitcoin Gaussian Channel. Source: Titan of Crypto on X However, although the Gaussian Channel reading looks favorable, Titan of Crypto noted that the indicator should not be treated as a trading trigger. “It’s not a buy signal, it’s a macro context indicator,” he stated. Being above the Gaussian Channel doesn’t necessarily equate to buying more. It simply means the bull market structure is still intact. The Gaussian Channel works best when combined with other indicators such as trading volume, moving averages, and on-chain accumulation trends to confirm directional momentum. Coinbase Premium Gap Turns Red Speaking of other indicators, on-chain data from CryptoQuant shows that the Coinbase Premium Gap, a metric comparing Bitcoin’s price on Coinbase versus other exchanges, has turned red. As shown in the chart below, Coinbase’s Premium Gap went on a sharp decline from positive premium levels above +60 earlier in the week to as low as -40 when the Bitcoin price fell to $101,000. Bitcoin: Coinbase Premium Gap Interestingly, the Coinbase Premium Gap has increased to around -10 at the time of writing, meaning US investors are starting to turn bullish again. This can be seen as a bullish signal, as similar dips in US demand were recorded between March and April before the Bitcoin price eventually rallied more than 60% to reach new all-time highs. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage However, a red Coinbase Premium Gap alone is not decisive. It should be interpreted alongside other data points, including ETF inflows, trading volume, liquidity, and derivatives funding rates. At the time of writing, Bitcoin was trading at $107,120. Featured image from Vecteezy, chart from TradingView
The price performance of Bitcoin over the past two weeks has been a major source of concern, as the coin’s value continues to drift away (about 15% down now) from its all-time high. As the flagship cryptocurrency slows down, the latest on-chain data suggests that a group of investors is exiting the market en masse. More Short-Term Holders Are Giving Up Their Holdings In an October 18 post on the X platform, on-chain analyst Darkfost revealed that a significant number of Bitcoin’s short-term investors have started to close their positions and realize their losses. Related Reading: Altcoins Selling Pressure Persists As Exchange Inflow Hits 2025 High — Details Darkfost’s analysis was hinged on the Net Realized Profit/Loss metric, which tracks the net amount (in USD) of profits or losses that are realized on-chain. This metric measures the net profit or loss on a daily basis, averaged, in this case, over seven days. It provides insight into whether more investors are selling at losses or with their heads still above water.. According to the crypto pundit, the realized losses of BTC investors have surged to an approximate level as high as $750 million per day, one of the highest levels this current cycle has seen. Interestingly, Darkfost explained that the magnitude of these capitulation events stands easily comparable to those seen during the 2024 summer correction. What’s worth noting about this capitulation phase is what may likely follow. According to the analyst, events like this usually precede local bottoms. What this means is that after short-term holders (known as the “weak hands”) have surrendered their holdings to the more-confident long-term holders (the “diamond hands”), the cryptocurrency stands a chance of seeing a price rebound — an expectation in congruence with historical trends. However, on the more cautious side, Darkfost offered a subtle warning that the dreary opposite could also be the case in a situation where the market stands at an early bearish phase. Bitcoin Whales Might Be Accumulating Again Supporting the positive redistribution theory, a Quicktake post on the CryptoQuant platform by Abramchart offers a glimmer of hope for Bitcoin market participants. Referencing the Inflows To Accumulation Addresses (Dynamic Cohort) metric, the analyst highlighted a significant inflow of more than 26,500 BTC into whale accumulation wallets. When large amounts of Bitcoin — such as this magnitude — are moved, it usually signals an underlying institutional or whale accumulation, as coins are typically transferred from exchanges to these wallets for long-term holding. Related Reading: Bitcoin Cycle Score Turns Negative With Trend Below $106,780 – When Will The Correction End? Following historical patterns, it is very likely that this accumulation event will precede a continued bullish expansion of the flagship cryptocurrency. As Abramchart explained, this trend all serves as a hint that smart money is “quietly buying the dip.” As of this writing, Bitcoin holds a valuation of about $106,870, with no significant movement seen over the past 24 hours. Featured image from iStock, chart from TradingView
XRP has shown some signs of recovery over the past 48 hours, climbing about 5.3 % from its recent low, according to on-chain analytics platform Santiment. The rebound comes as investor confidence appears to be returning, as it coincides with a steady rise in mid to large-sized XRP holders. Particularly, on-chain data shows that the XRP ecosystem now has more than 317,500 wallets holding at least 10,000 XRP tokens for the first time in its history. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage Mid To Large XRP Holders Reach Record 317,500 Wallets Despite XRP’s recent price woes alongside the rest of the crypto market, on-chain data shows that XRP’s holder base is increasing among crypto investors. Notably, Santiment’s latest data shows that the number of XRP wallets holding at least 10,000 tokens has reached an all-time high of approximately 317,500. Santiment’s data chart, as shown below, indicates that XRP’s network has added approximately 1.8% more wallets holding 10,000 or more tokens in just the last thirty days. Interestingly, Santiment’s data further shows that the upward slope of this metric has been consistent throughout 2025. The increase in mid-sized and large wallet count shows that many XRP investors are not concerned about the recent price dips. Instead, many of them are taking advantage of lower prices to strengthen their holdings. As such, a growing segment of investors are buying XRP for long-term gains rather than short-term price action. XRP, which is currently hovering around the $2.35 range, may benefit from this growing base of committed holders in the long term. Its price trajectory now depends on its ability to sustain momentum above $2.3. If the bullish on-chain sentiment translates into consistent buy pressure, XRP could extend its rebound and target at least $2.8 before the end of the week. However, if momentum stalls, the price may enter another downward phase before an upward move. Nonetheless, the record growth in wallets holding over 10,000 XRP provides a strong long-term foundation that may support the cryptocurrency’s value in the coming weeks. Number of 10K+ XRP Wallets. Source: Santiment Ripple’s Acquisition Of GTreasury Adds Institutional Momentum Ripple Labs, the company behind XRP, recently announced the acquisition of GTreasury for $1 billion, making this its third-biggest deal in 2025. The deal will bring GTreasury’s treasury-management software, used by global corporations to manage liquidity, cash forecasting, payments and risk, into Ripple’s infrastructure suite. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account GTreasury serves over 1,000 customers across about 160 countries and has more than 40 years’ experience in corporate treasury operations. The move gives Ripple immediate access to the multi-trillion-dollar corporate treasury market and large enterprise clients previously outside its direct reach. There are also reports that Ripple is planning to raise $1 billion to build an XRP treasury. At the time of writing, XRP was trading at $2.35. Featured image from Unsplash, chart from TradingView
The price of Ethereum appears to be recovering nicely over the weekend after a period of investor uncertainty. The “king of altcoins”, following what looked like an aggressive return above the $4,200 level earlier this week, is now lagging under the psychological $4,000 mark. While the Ethereum price has been building some positive momentum over the past day, the shadows of the October 10 downturn still seem to be weighing on investor sentiment. A market phenomenon known as the “Kimchi Premium” suggests a few tedious weeks ahead for the second-largest cryptocurrency. What Happened Last Time Kimchi Premium Saw A Similar Surge In a recent post on the social media platform X, market analyst CryptoOnchain revealed that the Kimchi Premium has been on the rise over the past weeks. This observation is based on the movement of the on-chain indicator Korea Premium Index, which measures the price difference between South Korean exchanges and other global exchanges. Related Reading: More Pain Ahead? Bitcoin Trendline Breach Sparks Talk Of Corrective Wave In Play This metric, or the “Kimchi Premium,” shows how much extra Korean traders are willing to pay for a particular cryptocurrency (Ethereum, in this case). When the index is positive, it means that Korean retailers are willing to pay a premium for the crypto assets. Meanwhile, a negative Korean Premium Index signals that the retailers are only willing to buy the cryptocurrency at a discount. According to CryptoOnchain, the Korea Premium Index for Ethereum recently saw a notable surge to around 8.2%, its second-highest level this year. The market analyst noted that this level of Kimchi Premium is a troubling sign, as it historically suggests extreme retail FOMO (Fear of Missing Out) and a potential price top. Typically, whales tend to take advantage of the price gap by selling on Korean exchanges when the Korea Premium Index is on the rise. Due to increased selling pressure, the Ethereum price now faces a greater risk of correction. For instance, the last time ETH saw a Kimchi Premium this high was in January, coinciding with the price fall to around $1,500. With this in mind, investors might want to tread with caution, as the odds of a sustained downward trend are significantly higher. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $3,875, reflecting no significant change in the past 24 hours. In what was expected to be a bullish period for the cryptocurrency market, “Uptober” has not particularly lived up to the expectations of investors. After a positive start to the month, the Ethereum price is currently down by almost 10%. Related Reading: Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors Featured image from DelishGlobe, chart from TradingView
Long-time XRP investor Brandon LaRoque says he discovered the loss on Oct. 15 in cold wallet maker Ellipal’s mobile app, but the theft occurred on Oct. 12.
A well-known crypto analyst is urging investors to rethink the old trade of gold for Bitcoin, calling current market signals a rare buying window. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account According to CryptoQuant author Joao Wedson, a set of bottom signals in the BTC/Gold ratio are flashing, and that could mark a turning point in how the two assets move against each other. Rare Signals Point Toward Bitcoin Wedson’s chart shows two tags — one blue and one green — that line up with a normalized oscillator he says is at a low. According to him, the blue tag marks a bottom in the BTC/Gold ratio while the green tag appears when both indicators reach lows together. When that has happened before, it often came at times of steep Bitcoin drops and big swings in market mood. According to Wedson, today is a “historic opportunity” and that investors should now “trade gold for Bitcoin.” Historic Opportunity: Trade Gold for Bitcoin. ????⮕₿ Bottom signals in the BTC/Gold ratio are extremely rare, and they tend to appear during high-volatility moments and sharp BTC drawdowns. Well, we’re exactly there right now. The blue signal marks the current bottom, revealed… pic.twitter.com/cWx2YGxd3t — Joao Wedson (@joao_wedson) October 18, 2025 Arthur Hayes, the former BitMEX CEO, has echoed a similar view: “We’re exactly there right now,” he said, calling the setup one of the most compelling in recent years. The message from both analysts is clear: look closely at this moment. Bitcoin Seen At A Deep Value Zone Other market watchers find Bitcoin trading two standard deviations below its ideal range. This type of reading has in the past lined up with accumulation phases, not market tops. Based on CoinMarketCap data, BTC was trading near $107,400 at press time and had risen 0.45% in the previous 24 hours. Year-to-date gains stood at 15%, and Bitcoin had gained nearly 55% over the last year. Those figures were cited to show that the currency has already moved a lot this year, but that some measures still point to cheaper-than-usual levels. Institutional Shifts May Be Underway Wedson specifically urged institutional players who have been buying up gold to rethink allocations. The BTC/Gold ratio has long been used as a gauge of confidence between the two stores of value. When it hits a bottom, some market cycles have followed with Bitcoin regaining ground quickly and, in some cases, moving toward fresh highs within months. This is the historical pattern his signal is tied to. Some of the language used by analysts was blunt; the oscillator was described as “basically screaming: time to sell gold and buy Bitcoin,” a phrase that underlines how strong the signal appears to those calling it. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage Retail Losses Hit Billions While the ratio story points to upside, a separate disclosure shows a different risk for ordinary investors. Reports from 10X Research say retail buyers lost around $17 billion after piling into public Bitcoin treasury firms that traded at premiums. Those companies — including MicroStrategy (now Strategy) and Metaplanet — issued shares and used the cash to buy Bitcoin, but the equity premiums collapsed as Bitcoin’s run slowed. The report added that investors overpaid by about $20 billion in inflated equity premiums, leaving many with losses while insiders and executives benefited earlier in the move. Featured image from Unsplash, chart from TradingView
ETH hit fresh highs while bitcoin cooled, as investors chased DeFi, altcoins, and tokenized assets. CoinGecko calls it a defining market shift.
In a Q4 2025 outlook report, Coinbase Institutional says the cycle still skews positive — with liquidity, stablecoins and policy progress lifting the market.
This incident highlights the critical need for enhanced security measures and user education in managing cryptocurrency assets to prevent devastating financial losses.
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Binance has announced that it banned more than 600 accounts last week for using unauthorized third-party tools. The exchange stated that it is taking strong action to protect fairness and maintain trust within its community. According to Binance, these accounts violated the terms of Binance Exchange, Binance Wallet, or Binance Alpha. Going forward, any user …
The recent $500 billion crypto market sell-off revealed the instability of stablecoins, with prices fluctuating even for stablecoins.
Strategists warn a deeper pullback toward $1.55 remains plausible before a structural recovery attempt toward the $7–$27 corridor.
Traders focus on a potential breakout above $0.192 to sustain upward momentum.
The historical average for October sits around 19.8%, next to November's 42% which is the asset's strongest month.
Satoshi Nakamoto’s Bitcoin stash lost more than $20 billion as markets pulled back this month, erasing a chunk of paper wealth tied to the anonymous founder’s early coins. The drop came after Bitcoin skimmed record highs and then tumbled in a fast, wide sell-off that hit many traders and funds. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Satoshi’s Holdings And Recent Value Change According to on-chain tracking and Arkham-linked estimates, the set of addresses attributed to Satoshi contains about 1.096 million BTC. That pile of coins reached a peak valuation above $136 billion when Bitcoin traded at just over $126,000 in early October. Reports have disclosed that the same stash is now roughly $20 billion smaller in headline value than at those highs. Market data show how the math works: a swing of several thousand dollars per coin becomes tens of billions of dollars against a million-plus BTC balance. The loss is unrealized — the addresses tied to the creator were not reported to have moved — but the headline number grabbed attention because it highlights how volatile valuations can be for the largest holders. What Triggered The Sell-Off Based on reports from market analysts and mainstream outlets, the crash was set off by a mix of political shocks and exchange-level stress. US President Donald Trump’s tariff announcement and related trade threats shook risk markets, and at the same time a rare pricing glitch and thin liquidity on some venues amplified selling pressure. The resulting cascade forced automatic liquidations of large margin positions, which analytics firms put at roughly $19 billion over a short span. Bitcoin’s price briefly fell into the low $104,000s during the worst of the rout on Friday before partial recoveries arrived the next days. That sharp move wiped out gains that had accumulated over recent months and created a rapid re-ranking of the richest-by-paper-wealth lists. Trading desks said the event exposed weaknesses in market plumbing. Orders that would have been absorbed in calmer conditions instead interacted with each other in thin markets, causing price gaps across exchanges. Many traders who had used borrowed capital to amplify bets were forced to exit, which made the slide steeper and quicker. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage Market Significance And What To Watch Next Analysts caution that a headline loss for Satoshi Nakamoto is mainly a measure of how much value moved on paper; it is not cash that changed hands from the founder. Still, the episode matters because it removed a layer of speculative excess and tested whether major supports hold as flows settle. Featured image from Getty Images, chart from TradingView
If a quantum computer ever broke a blockchain, the entire crypto industry might as well close down shop, argues Kostas Chalkias, chief cryptographer at Mysten Labs.
Elliott Wave expert foresees a major bitcoin bear market that could last until late 2026.
The past week for Aster has been no less than a rollercoaster, and I’ve been tracking every twist. Despite the broader market holding steady and Bitcoin making gains, Aster price finds itself down 0.99% in the past day and a troubling 8.08% over seven days. The market cap stands at $2.42 billion, and trading volume …
In the last week, Bitcoin prices fell from around $115,000 to below $105,000 amid a widespread crypto market correction. According to prominent market analyst Burak Kesmeci, several on-chain developments unfolded during this price decline that are now indicative of the present market and potential price movements. Related Reading: Bitcoin LTH Inflow On Binance Surges Tenfold Within Days — What This Could Mean Bitcoin Metrics Flash Extreme Fear, But Local Bottom May Be Near In an X post on October 18, Kesmeci reports that Bitcoin’s on-chain landscape has flashed a series of key signals that generally suggest heightened fear and potential accumulation opportunities in the market. The analyst shares recent developments from seven important on-chain metrics during Bitcoin’s fall in the third week of October. Firstly, the Fear and Greed Index plunged into the “extreme fear” zone, reflecting a surge in investor anxiety following Bitcoin’s latest price correction. However, Kesmeci states that this is an event typically observed near market lows rather than peaks, and may not be the ideal time for selling. Meanwhile, the Net Unrealized Profit/Loss (NUPL) metric dropped below 50%, moving sentiment from optimism to worry, as the average profitability among holders is being eroded. In the derivatives market, funding rates turned negative, showing that short positions now dominate futures markets. On the equity side, shares of the largest crypto treasury MicroStrategy (MSTR) declined below $300, reflecting broader weakness in Bitcoin-linked assets. However, the firm also reinforced its long-standing conviction by adding 220 BTC to its holdings, bringing its total to 640,251 BTC, and underscoring continued institutional confidence despite short-term pressure. In addition, on-chain valuation indicators also highlighted deep oversold conditions. The Advanced NVT Signal fell below -0.5 standard deviations, a level historically associated with an oversold market and early bottom phases. The Active Address Sentiment Indicator (AASI) shows that Bitcoin’s price has dropped disproportionately relative to network activity, a relationship often followed by recovery periods as fundamentals stabilize ahead of sentiment. When all considered together, these signals suggest that Bitcoin is operating within an extreme fear and oversold environment. However, Kesmeci also hints that the local market bottom may be forming, suggesting that the present market condition presents strong accumulation opportunities. Bitcoin Price Overview At the time of writing, Bitcoin trades at $106,970 after a 0.29% decline in the last 24 hours. The monthly chart reflects an 8.32% loss as the premier cryptocurrency struggles to establish its expected “Uptober” bullish form. However, Coincodex analysts are predicting an imminent market rebound, with a projected price target of $124,172 in five days. Related Reading: Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors Featured image from Flickr, chart from Tradingview
Binance's crackdown on account misuse underscores its commitment to platform integrity, aiming to bolster user trust amid market volatility.
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Japan's potential regulatory shift could enhance crypto market stability and integration, impacting global financial systems and investor confidence.
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Monero price just logged an impressive 5.7% surge to $311.86 in the past day, decisively beating the crypto market average which dipped by 0.33%. As someone constantly tracking these charts, I see this move as more than just another green candle. It’s a combination of fresh privacy coin hype, a technical breakout, and a well-timed …
XRP, SOL options flash renewed bullish signal, contrasting bitcoin and ether.
Pump.fun (PUMP) is making headlines as it snaps back from its month-long slump, recording a 7.75% gain in just the past 24 hours. This rally comes right after a notable 31% weekly tumble. What’s fueling this comeback is a mix of $138 million in buybacks, positive technical indicators, and PUMP’s dominant spot in Solana’s memecoin …
Bitcoin price has continued to hover in the range of $106,000-$108,000 over the last 24 hours. The premier cryptocurrency is presently displaying some stability following another volatile trading week, which produced a 3.41% price loss. Notably, Bitcoin’s movement amid this corrective phase has triggered an interesting on-chain signal with bullish implications. Related Reading: Bitcoin May See Selloff If $100,000 Support Fails — Here’s Why Bitcoin Short-Term Holders Go Underwater, But Historical Data Reads Bullish Signs In an X post on October 18, popular market analyst, Ali Martinez, shares an important on-chain development. Amid the recent price decline, Martinez notes that Bitcoin slipped below its short-term holders’ (STH) realized price, creating an ideal situation for a market accumulation based on historical data. For context, the STH realized price represents the average acquisition price of coins held by short-term investors, i.e, wallets that have held BTC for less than 155 days. Typically, when the market price dips below this level, it indicates that new market entrants are underwater, signaling local capitulation and short-term fear in the market Based on the Glassnode data shared by Martinez, Bitcoin fell below its STH realized price on October 14 during its latest price correction. While such developments usually trigger temporary selling pressure, historical data show it has also become a cue for strategic buyers. In particular, the price dip below the STH realized price appears to align with strong rebound points in the market. Notably, the chart above shows four prior instances (May 2023, November 2023, August 2024, and May 2025), where Bitcoin’s descent below the STH realized price was followed by substantial recoveries. Martinez explains that this price dip usually provides a good opportunity for market accumulation, thereby fueling future price rallies. Interestingly, the broader Bitcoin market remains dominated by long-term holders, who are potentially utilizing this price pocket to strengthen their holdings, thus maintaining the present bullish structure. Related Reading: More Pain Ahead? Bitcoin Trendline Breach Sparks Talk Of Corrective Wave In Play Bull Market Still On In other news, a fellow market analyst with the username Titan of Crypto has recently stated that the Bitcoin bull market remains active amid bearish speculations following the latest price drops. Titan of Crypto has hinged their positive market insight on the 38.2% Fibonacci retracement level, which has acted as a pivotal level in determining price direction in the current market cycle The analyst notes that as long as Bitcoin’s weekly candle holds above this level, the broader bull market continues to stay active. At press time, Bitcoin is valued at $106,800, reflecting a minor 0.40% decline in the past day. Meanwhile, daily trading volume is down by 61% and valued at $39.3 billion. Featured image from Pexels, chart from Tradingview
China's intervention in stablecoin projects underscores its commitment to maintaining control over digital currency innovation and financial stability.
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In his latest Chainlink daily technical outlook, CryptoWzrd noted that the token closed bearish, retesting the $16.00 daily support level. He mentioned plans to monitor its intraday chart closely for potential quick scalp opportunities, particularly if LINK holds above $16.80, which he views as a positive zone. A Possible Shift In Chainlink’s Current Bearish Action Moving on, CryptoWzrd pointed out that both Chainlink and LINKBTC closed the day with bearish candles, signaling short-term weakness. The downside move came after a period of consolidation, suggesting that traders may be taking profits following recent gains. Despite the pullback, the analyst emphasized that the overall market context still holds potential for recovery. Related Reading: Chainlink Targets $22 As LINKBTC Shows Signs Of Reversal – Is The Next Rally Close? He further explained that LINKBTC could experience an upward push if Bitcoin dominance shows positive sentiment tomorrow. A recovery in Bitcoin’s strength often translates to renewed confidence in the broader altcoin market, and LINK could benefit from this correlation. According to CryptoWzrd, LINK’s retest of the $16 daily support level played out exactly as anticipated. This zone now represents a crucial decision point, holding above it could trigger a rebound toward the next major resistance of $20 and beyond if market conditions remain stable. However, he cautioned that with the weekend approaching, volatility may rise and market volume could thin out. As a result, CryptoWzrd maintained a balanced stance, noting that it is essential to keep expectations rational and remain alert for any signs of renewed bearish pressure. Bullish Breakout Could Ignite A Rally Toward $19.30 Concluding his analysis, CryptoWzrd noted that Chainlink’s intraday chart displayed notable volatility throughout the day, with rapid price swings keeping traders on edge. Despite the choppy movements, the price is now teasing the $16.80 intraday resistance, a level that could play a pivotal role in determining the next short-term direction. Related Reading: Chainlink (LINK) Triangle Setup Points To $100, Says Analyst He explained that a bullish breakout above $16.80 would likely trigger a wave of renewed buying pressure. Such a move could pave the way for a rally toward the $19.30 target, an area where previous price action has shown a strong reaction and potential for profit-taking. On the other hand, CryptoWzrd cautioned that a rejection from $16.80 or prolonged trading below this resistance could lead to more sideways movement over the weekend. With lower trading volumes expected, this range-bound behavior may continue until a clear catalyst emerges to drive momentum in either direction. He concluded by emphasizing the importance of patience and clarity in the current setup. The market is at a decision point, and waiting for a stronger trade formation could offer a safer entry opportunity. Featured image from Getty Images, chart from Tradingview.com
Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a more steady price correction. Notably, the leading cryptocurrency dipped below $105,000 on Friday as crypto liquidations rose to above $1.2 billion. However, underlying investor buying activity paints an encouraging picture of a potentially bullish rebound. Related Reading: Analyst Says Bitcoin Price Is Ready To Surge: ‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’ Bitcoin Net Taker Volume Hits $309 Million Despite Price Fall In a QuickTake post on X, popular analyst Amr Taha shares an exchange activity update on the Bitcoin market amidst a significant price correction. The pundit reports a major uptick in buying pressure, which suggests investors may be quietly accumulating despite the present price weakness. Notably, on-chain data shows that the Bitcoin crash to below $105,000 coincided with a spike in the net taker volume on Binance to around $309 million, marking its first positive zone since October 10. In trading terms, buy-taker volume represents orders that actively hit the ask, i.e., traders willing to buy immediately at market price rather than waiting for a better entry. The move indicates that, despite short-term volatility, there remains a deep undercurrent of bullish conviction among Bitcoin holders and traders. This high accumulation activity during a price demand usually precedes local bottom formations, as aggressive buyers absorb selling pressure, setting the stage for a parabolic price rebound. Furthermore, while the taker volume surged, Amr Taha reports that the open interest (OI), which measures the total number of outstanding futures and perpetual contracts, failed to rise in tandem. This divergence suggests that trading activity is concentrated in the spot market rather than in leveraged derivatives, reinforcing the fact that investors are actively participating in the present market state. In summary, the renowned crypto analyst views this exchange activity development as a potential bullish undercurrent. Taha explains that spot accumulation around key liquidity levels, such as the $105K zone, often serves as a foundation for future price recoveries once selling pressure subsides. Related Reading: BNB Active Addresses Hit Record 3.6 Million – Analyst Explains Network Growth Bitcoin Rebound Verified By Gold Price Surge In other news, a market analyst with the username Crypto Jebb echoes Bitcoin’s chances of a major price rebound. However, the expert anticipates the premier cryptocurrency may still see a further decline before eventually finding a bottom around $92,000. In line with a growing notion, Jebb hinges his bullish thesis on a potential rotation of capital from the gold market to Bitcoin once the former hits a new market peak. Notably, gold is currently maintaining an impressive bullish momentum, having become the first asset to surpass a $30 trillion market capitalization value. Jebb predicts an eventual capital rotation when the gold market starts to correct, with potential inflows expected to push Bitcoin to around the $150,000 price mark in January. At press time, Bitcoin trades at $107,053, representing a 0.74% decline in the past day following a modest recovery effort. Featured image from Flickr, chart from Tradingview
Mt. Gox trustees face a deadline on Oct. 31 to complete Base, Early lump-sum, and Intermediate repayments for Bitcoin creditors (BTC), with roughly 34,689 BTC still sitting in Mt. Gox-linked wallets as the clock ticks down. The Tokyo court extended the original cutoff date of Oct. 31, 2024, by one year after processing delays and […]
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The cryptocurrency market has been hit with another wave of sell pressure as both the Bitcoin and Ethereum prices plunged sharply, triggering widespread panic and uncertainty. With over $536 million in Spot Bitcoin ETF outflows in a single day, the downturn has sparked renewed fears of an extended bearish phase. Analysts are calling this correction a “Bloody Friday,” a less but still severe reflection of last week’s brutal selloff that wiped billions in the market and saw BTC and ETH spiraling downwards. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account ETF Outflows Trigger Bitcoin And Ethereum Price Crash The recent crash in Bitcoin and Ethereum prices is being attributed to recent large-scale outflows from US Spot Bitcoin ETFs. Crypto analyst Jana on X social media described the event as one of the bloodiest weekly downturns of the quarter, with Bitcoin tumbling 13.3% in seven days and Ethereum sliding 17.8% over the past month. At press time, Bitcoin is trading slightly above $106,940 while Ethereum sits around $3,870, both suffering steep retracements from their recent highs. Data from SoSoValue shows that Thursday, October 16, saw a staggering $536.4 million in daily net outflows from Spot Bitcoin ETFs, marking the largest single-day negative flow since August 1, when $812 million exited the market. Out of twelve US Bitcoin ETFs, eight registered major outflows, led by $275.15 million leaving Ark & 21Shares’ ARKB, followed by $132 million from Fidelity’s FBTC. Notably, funds managed by other major companies like Grayscale, BlackRock, Bitwise, VanEck, and Valkyrie also reported significant withdrawals. These persistent outflows have now stretched into their third consecutive day, with October 17, just a day ago, recording a massive outflow of $366.5 million. The sustained negative ETF flows underscore waning investor confidence and suggest that the broader market downturn could continue in the near term. Combined with the $19 billion liquidation event last Friday, increased outflows in ETFs could put more selling pressure on the already fragile market. Experts Warn Of Deeper Market Pain Ahead Many experts believe that the crypto market may still have more room for a decline. Data from Polymarket, one of the world’s largest prediction platforms, show that 52% of participants expect Bitcoin to drop below $100,000 before the end of October. Veteran economist and Bitcoin critic Peter Schiff has also warned that the coming months could be catastrophic for the industry, predicting widespread bankruptcies, defaults, and layoffs as Bitcoin and Ethereum face another major leg down. Meanwhile, technical analysts are pointing to signs of deeper weakness in Ethereum’s structure. According to Crypto Damus, Ethereum has broken key weekly support and is displaying a bearish setup on the charts. He says that MACD is about to “cross red,” leaving a significant amount of room for a crash. Other analysts like Marzell have echoed similar concerns, stating that Ethereum is now nearing a “crash zone.” However, he also highlighted the $3,690 – $3,750 range as a possible short-term demand area where buyers could step in again and trigger the next leg up. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage Featured image from Unsplash, chart from TradingView