Recent Crypto Market Summary
October’s “Uptober” turned into “Rektober.”
BTC opened the month at 84,853, hit a high of 86,972 on the 5th, then fell steadily. After CPI was released on the 14th, it plunged again to 80,125, before rebounding to around 81,600 on the 15th. It is down 2.49% over 24 hours and 2% for the week, but remains up about 4.4% for the month. It has fallen around 32% from its October 2025 all-time high of 126,200. ETH has been weaker, dropping below 2,400 and down 18.5% year to date. Total crypto market capitalization has retreated from above $3 trillion to $2.75–$2.85 trillion, with about $110 billion wiped out in 36 hours.
Three macro headwinds struck at once: The 10-year Treasury yield rose to a 24-year high of 5.36%, while the 30-year yield topped 5.73%; September CPI came in hotter than expected at 3.7% year over year, and bets on an October rate hike surged from 21.6% to 43.7%; oil prices climbed above $93 amid Middle East geopolitical tensions, with risk-off sentiment weighing on risk assets. There is not enough new buying, and BTC’s correlation with tech stocks is strengthening.
The outflow of funds is clear: BTC spot ETFs saw net outflows of about $679 million from October 5–9, while ETH ETFs recorded $542 million in outflows over five days. Liquidations exceeded $1 billion for the month, with long positions accounting for more than 90%. The $80,000 level held twice, but leverage has not been fully flushed out.
Key levels ahead: Support at $80,000 and resistance at 82,300 (a concentration zone around the 20-day moving average). A sustained move above 82,300 would signal a recovery. There are no conditions for a short-term one-way trend; prices are likely to range between $80,000 and $87,000 while awaiting direction from PPI, retail sales, and the Fed’s November meeting.
$BTC
October’s “Uptober” turned into “Rektober.”
BTC opened the month at 84,853, hit a high of 86,972 on the 5th, then fell steadily. After CPI was released on the 14th, it plunged again to 80,125, before rebounding to around 81,600 on the 15th. It is down 2.49% over 24 hours and 2% for the week, but remains up about 4.4% for the month. It has fallen around 32% from its October 2025 all-time high of 126,200. ETH has been weaker, dropping below 2,400 and down 18.5% year to date. Total crypto market capitalization has retreated from above $3 trillion to $2.75–$2.85 trillion, with about $110 billion wiped out in 36 hours.
Three macro headwinds struck at once: The 10-year Treasury yield rose to a 24-year high of 5.36%, while the 30-year yield topped 5.73%; September CPI came in hotter than expected at 3.7% year over year, and bets on an October rate hike surged from 21.6% to 43.7%; oil prices climbed above $93 amid Middle East geopolitical tensions, with risk-off sentiment weighing on risk assets. There is not enough new buying, and BTC’s correlation with tech stocks is strengthening.
The outflow of funds is clear: BTC spot ETFs saw net outflows of about $679 million from October 5–9, while ETH ETFs recorded $542 million in outflows over five days. Liquidations exceeded $1 billion for the month, with long positions accounting for more than 90%. The $80,000 level held twice, but leverage has not been fully flushed out.
Key levels ahead: Support at $80,000 and resistance at 82,300 (a concentration zone around the 20-day moving average). A sustained move above 82,300 would signal a recovery. There are no conditions for a short-term one-way trend; prices are likely to range between $80,000 and $87,000 while awaiting direction from PPI, retail sales, and the Fed’s November meeting.
$BTC