From late September to early October, BTC surged to around $87,000 before weakening steadily under the combined pressure of rising U.S. Treasury yields, a stronger dollar, geopolitical tensions, and outflows from spot ETFs. BTC fell by approximately 4%–8% over October, while major altcoins such as ETH, SOL, and XRP dropped even more (most by over 10%), leading to a marked recovery in Bitcoin dominance. In late October, Binance suffered the largest hack in history (with losses of about $6.3 billion, which the FBI attributed to North Korea). Although the exchange pledged to compensate users in full and has already covered about 95% of the losses, the incident still triggered panic selling and leveraged liquidations in the short term, briefly pushing BTC down to around $76,000.

Technically, BTC is currently holding above its 100-day and 200-day EMAs (around $76,800–$77,800). The RSI is in relatively low territory, showing signs of recovery after oversold conditions, but the 50-day EMA (around $80,000) presents clear resistance. ETH is relatively weaker, having fallen below several key moving averages, and remains under pressure in the short term. The market sentiment index has entered the “Fear” zone, funds are tilting toward safe-haven assets, and altcoins are generally under pressure.