Bitcoin trades near $110,000, approximately 30% below its Nasdaq 100-implied fair value of $156,000, according to ecoinometrics. On-chain analyst Maartunn notes the Stablecoin Supply Ratio Stochastic RSI has entered oversold territory, indicating significant liquidity available for potential buying pressure. October's price volatility eliminated over $12 billion in futures open interest, dropping from $47 billion to $35 billion.