The post Bitcoin Price Wilts After First Red October Since 2018 appeared com. Bitcoin BTC$106 895, 88 is trading under pressure after registering its first October loss since 2018. Charts indicate growing risk of a deeper decline to $100,000 or below, with consistent bias for put options in the options market. The broader market continues to see capital outflows, as is evident from the decline in futures open interest. According to Alex Kuptsikevich, the chief market analyst at The FxPro, the focus is on BTC’s 200-day simple moving average at around $107,000. “The ongoing testing of support since the second half of October is a significant reason for our caution regarding the market in the near term,” he said in an email. “The most pessimistic scenario would be realised in the event of simultaneous pressure on the stock markets and a strengthening of the dollar. But optimists may also note the sequence of higher lows at the peaks of the sell-off.” Derivatives Positioning By Omkar Godbole BTC and ETH futures open interest (OI) remained largely unchanged in the past 24 hours, while OI in altcoins, including XRP, HYPE and DOGE dropped, indicating capital outflows from the broader market. However, the OI-normalized cumulative volume delta for BTC and ETH has declined in tandem with the broader market, suggesting that a bias towards short positions has driven the OI higher. Volmex’s bitcoin and ether 30-day volatility indexes are on the rise again, pointing to renewed expectations for price turbulence. On the CME, BTC and ETH’s annualized three-month basis remains locked below 10%. Positioning in ether futures and options remains elevated relative to bitcoin. On Deribit, BTC and ETH options show a bias for put options in the short- and near-dated expiries. Token Talk By Oliver Knight A woeful week of price action extended Monday with altcoins including ENA$0. 3418, doublezero (2Z) and plasma XPL$0. 2740 all facing heavy sell.
Tag: bitcoin
Bitcoin Bollinger Bands Demand Record Volatility After 3.7% October Dip
The post Bitcoin Bollinger Bands Demand Record Volatility After 3. 7% October Dip appeared com. Key points: Bitcoin seals its worst October performance since 2018 as traders flip cautious on the outlook. ETF outflows return as derivatives traders hedge risk despite macro tailwinds. Bollinger Bands data suggests that BTC price volatility is due to make a sweeping comeback. Bitcoin (BTC) traded around $110,000 on Saturday as traders stayed bearish after “Uptober” failed to deliver. BTC/USD one-hour chart. This began with sell pressure a frequent phenomenon throughout the week involving both US exchanges and the spot Bitcoin exchange-traded funds (ETFs). Onchain analytics platform Glassnode said that ETF outflows highlight “rising sell pressure from TradFi investors and renewed weakness in institutional demand.” Data from UK-based investment company Farside Investors put Friday’s tally at $191 million, which followed $488 million in outflows for Thursday. US spot Bitcoin ETF netflows (screenshot). The Fed delivered the expected rate cut, but the hawkish tone for December has cooled optimism,” it told X followers. “The initial rally faded as traders moved back into cautious mode, a shift clearly reflected in BTC’s options market.” Traders likewise remained cautious, with crypto investor and entrepreneur Ted Pillows calling the current setup on Bitcoin “time-based capitulation.” “BTC time-based capitulation is happening now. But for this, Bitcoin needs to consolidate above $100,000,” he warned Friday. “A weekly close below this level will confirm the downtrend.” BTC/USDT two-day chart.
Bitcoin (BTC) Price Prediction: History Points to Bullish November After Red October
TLDR Bitcoin entered November, historically its strongest month with average gains of 42. 51% since 2013, after posting its first October loss since 2018 with a nearly 5% decline The October drop was triggered by Trump’s announcement of 100% tariffs on Chinese imports, causing $19 billion in crypto liquidations over 24 hours on October 11 Recent [.] The post Bitcoin (BTC) Price Prediction: History Points to Bullish November After Red October appeared first on CoinCentral.
The Quantum Threat: How New Machines Could Break Bitcoin’s Code
[.] The post The Quantum Threat: How New Machines Could Break Bitcoin’s Code appeared first on Coindoo.
Bitcoin’s Whale Accumulation, Hyperliquid’s AI Liquidity Engine, and BullZilla’s Cinematic Presale Fuel the Next 100x Cryptos to Buy
Crypto’s comeback is in full swing. Bitcoin dances near record highs while Ethereum gas fees remind traders that volatility never [.] The post Bitcoin’s Whale Accumulation, Hyperliquid’s AI Liquidity Engine, and BullZilla’s Cinematic Presale Fuel the Next 100x Cryptos to Buy appeared first on Coindoo.
Trump’s Meeting With Xi Boosts Bitcoin; Tapzi Emerges as Best Altcoin To Buy Now
Bitcoin skyrocketed past $111,000 on Thursday, 16th October, after the White House confirmed that U. S. President Donald Trump will meet [.] The post Trump’s Meeting With Xi Boosts Bitcoin; Tapzi Emerges as Best Altcoin To Buy Now appeared first on Coindoo.
Whales Just Flipped the Script – Dumping $BTC and $AVAX to Join MoonBull, the Best Crypto Presale to Buy in October
What if the next crypto breakout is already gaining traction while most investors are still watching from the sidelines? The [.] The post Whales Just Flipped the Script Dumping TC and VAX to Join MoonBull, the Best Crypto Presale to Buy in October appeared first on Coindoo.
XRP News: Why Wall Street May Soon Turn Into XRP’s Biggest Cheerleader
The post XRP News: Why Wall Street May Soon Turn Into XRP’s Biggest Cheerleader appeared first on Coinpedia Fintech News
For years, XRP has lived in the shadow of Bitcoin and Ethereum, often labeled the “bankers’ coin” and dismissed by many in traditional finance. Yet, something is changing beneath the surface. The same institutions that once mocked or ignored it are now quietly preparing to embrace it. When the United States approved spot Bitcoin ETFs …
Bitcoin: Why THIS signal echoes BTC’s pre-rally setup from last year
Key Takeaways What does the drop in Bitcoin’s STH-NUPL signal say about recent market sentiment? It reflects growing distress among short-term holders and a potential reset of speculative positiThe post Bitcoin: Why THIS signal echoes BTC’s pre-rally setup from last year appeared first on AMBCrypto.
Fed mulls ‘skinny’ payment accounts to open rails for fintech, crypto firms
Industry watchers welcomed the idea of “skinny” master accounts as another sign of the end of crypto’s banking troubles, in what insiders describe as “Operation Chokepoint 2. 0.” The US Federal Reserve is considering the introduction of a new type of payment account that would make it easier for smaller companies to participate in the central bank’s payment system, signaling the end of the crypto industry’s banking access challenges. The newly floated “payment accounts” would seek to grant full access to fintech companies seeking to utilize the Fed’s payment services, which are currently reserved for large banks and financial institutions through the Fed’s “master accounts.”“I believe we can and should do more to support those actively transforming the payment system,” said Fed Governor Christopher J. Waller during his speech at the Payments Innovation Conference on Tuesday, adding: Read more.