Trading

Bitcoin has reached its first significant structural support test of the current cycle, according to crypto analyst Dom. In a live analysis on October 29, Dom warned that failure to stabilize and reclaim the $111,000–$114,000 range within the next one to two weeks could trigger a retracement to the mid-to-low $90,000s. The analyst emphasized this marks the first genuine test for the rally that has defined this market cycle.

Cryptocurrency traders experience elevated levels of anxiety, depression, and stress compared to non-investors, according to a National Library of Medicine study analyzing 11,177 participants across multiple countries. The research found trading behaviors mirror high-risk gambling patterns, with participants demonstrating compulsive activities that persist despite financial losses. Extreme market volatility creates psychological pressures as prices can swing 20% overnight, leaving traders in constant cycles of anticipation and remorse.

Bitcoin is trading near $109,200 with approximately $3 billion in short positions concentrated around $112,600, according to CoinGlass data. The cryptocurrency faces resistance below $112,000-$114,000, a zone aligned with key moving averages. A breakout above this level could trigger cascading liquidations and accelerate upward price movement.

Bitcoin has climbed back above $110,000 after dipping to approximately $106,000 earlier this week. BTC trades near $110,345, up 0.96% in 24 hours, with market capitalization exceeding $2.19 trillion and daily volume surpassing $66 billion, according to CoinMarketCap. Analysts have identified $112,340 as a critical near-term resistance level based on on-chain distribution data.

Bitcoin fell to $106,000 on October 30 before stabilizing ahead of a major derivatives event. On October 31, $15.9 billion in options contracts—$13.4 billion in Bitcoin and $2.5 billion in Ethereum—are set to expire, with BTC's max pain level at $114,000. Analyst Michaël van de Poppe identifies $112,000 as the critical breakout threshold for a potential new all-time high in November.

ASTER token dropped nearly 10% following unverified claims that Binance founder Changpeng Zhao sold over 34 million tokens worth approximately $30 million. Zhao publicly denied the allegations on X, calling them fake news, according to his social media post. Despite the denial and blockchain analytics confirming the wallet had no connection to CZ, the token fell below $1.00 to trade around $0.93.

BlackRock divested 2,724 Bitcoin valued at approximately $292 million in a 24-hour period ending October 31, data show. The firm maintains holdings of 802,810 BTC worth around $87.43 billion. Bitcoin ETF outflows for the week reached roughly $519 million.

Bitcoin spot ETFs saw net outflows of $488.4 million on October 30, with all 12 funds reporting zero inflows. Ethereum spot ETFs posted $184 million in net outflows across nine funds. The withdrawals followed Fed Chair Jerome Powell's statement that a December rate cut is not guaranteed.

Bitcoin is trading above $109,000, down 5% over the past week. Spot Bitcoin ETF flows have turned negative, with a seven-day average outflow of 281 BTC, according to CryptoQuant. Federal Reserve Chair Jerome Powell stated that the likelihood of another rate cut in December remains unclear, contributing to cautious sentiment among cryptocurrency investors.

Coinbase posted net income of $432.6 million for the third quarter of 2025, exceeding analyst expectations and marking a fivefold increase from $75.5 million in the same period of 2024. The exchange acquired 2,772 BTC during Q3, bringing its total holdings to 14,548 BTC valued at $1.6 billion.