2 hours ago
Key points:
Bitcoin revisits the bottommost of its section scope successful a caller dive aft the Federal Reserve interest-rate cut.
Traders betting connected upside get punished, with agelong liquidations nearing $1 billion.
A deeper rout for stocks could mean BTC terms losses of 30%.
Bitcoin (BTC) saw caller play lows astatine Thursday’s Wall Street unfastened arsenic stocks shrugged disconnected macro tailwinds.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBTC terms pressures $107,000 scope floor
Data from Cointelegraph Markets Pro and TradingView showed that the BTC terms enactment dipped to adjacent $107,000.
That level marked the bottommost of the section scope for BTC/USD, and was frankincense cardinal for bulls to defend.
$BTC Another trial of $107K. Still successful the scope arsenic we speak.
All levels to ticker from debased to high:
🔸$103K (Wick low).
🔸$107K Local scope debased & support.
🔸$111K Mid scope & precocious measurement node.
🔸$116K Range precocious & resistance.
We're conscionable playing ping pong betwixt those levels. One… https://t.co/obzd3PYwzf pic.twitter.com/XsxoGxHzqR
Crypto joined US banal markets successful a comedown from different 0.25% interest-rate chopped by the US Federal Reserve the time prior.
The would-be macro catalyst of the week, a trade deal betwixt the US and China to avert steep tariffs from Nov. 1, lacked certainty contempt hopeful commentary from President Donald Trump.
In a post connected Truth Social pursuing a gathering with China’s Xi Jinping, Trump said that the 2 “agreed connected galore things.”
“I had a genuinely large gathering with President Xi of China. There is tremendous respect betwixt our 2 Countries, and that volition lone beryllium enhanced with what conscionable took place,” the station stated.
“We agreed connected galore things, with others, adjacent of precocious importance, being precise adjacent to resolved.”
XAU/USD one-day chart. Source: Cointelegraph/TradingView
The S&P 500 and Nasdaq Composite Index some opened down connected the day, portion golden gained, climbing backmost supra $4,000 per ounce.
High liquidations characterized Crypto’s conflict arsenic traders’ macro bets unraveled. Data from monitoring assets CoinGlass indicates that 24-hour liquidations reached implicit $1.1 cardinal astatine the clip of writing.
Crypto liquidations (screenshot). Source: CoinGlassBitcoin trader warns stocks reversal “coming”
Commenting connected the outlook, marketplace participants had differing views.
Related: Bitcoin spot measurement passes $300B successful October arsenic traders amusement 'healthy' pivot
Some, including trader CrypNuevo, saw Bitcoin repeating “usual” behaviour astir Fed complaint meetings.
“Nothing to interest astir successful presumption of marketplace operation oregon inclination - terms is present retracing the caller imbalances created this evening,” helium told X followers.
CrypNuevo noted that terms had filled its latest play “gap” successful CME Group’s Bitcoin futures market.
CME Group Bitcoin futures one-hour chart. Source: CrypNuevo/X
Other perspectives were a batch little relaxed. Trader Roman warned that since BTC/USD was failing to travel stocks adjacent during periods of upside, their inclination reversal could spark different terms rout.
CoinGlass confirmed that October 2025 was present “red” for Bitcoin for the archetypal clip since 2018, with a azygous trading time near to crook the concern around.
As Cointelegraph reported, the mean summation successful October since 2013 has been 20%.
BTC/USD monthly returns (screenshot). Source: CoinGlassThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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