$BTC cools off while the market waits for data
BTC is trading around $83,088 (-0.69%), with a 24h range of $82,311 to $84,352. On the daily chart it's sitting right on the EMA20 (~$83.3K), above the EMA50 ($80.2K) and EMA200 ($75.5K), with the Supertrend still bullish at $78.6K. RSI is neutral at 51.7, but the MACD is losing momentum.
The rebound from the mid-September low of $75,025 stalled just below $87,400. Forced liquidations hit roughly $548M on October 7, and spot Bitcoin ETFs saw $484.9M in net outflows that day, the largest since June. The market remains in a consolidation phase. (Weekly Crypto Report +2)
📍 Support: $82.3K, then $80.2K (EMA50)
📍 Resistance: $84.3K, then $87.4K
$ETH lacks strength
$ETH lost about 5.2% over the week and slipped below $2,600. Still, Bitmine added 12,532 ETH and Tom Lee floated the possibility of a "largest-ever" bull market. (zebpay) (theblock)
Narratives that are moving 🔥
Attention centered on network upgrades, quantum resistance and real-world asset (RWA) tokenization. DePIN, gaming and high-performance L1s also showed strength, with $FIL among the names holding up. (kucoin)
🏦 Standard Chartered launched custody for Ripple's RLUSD on the XRP Ledger, and Morgan Stanley expects to support tokenized equities in Q1 2027. A tailwind for $XRP (theblock)
🇨🇳 China's proposal for a national blockchain network was read as a positive signal for $CFX. (kucoin)
Regulation ⚖️
On October 5, the CFTC proposed a framework covering exchanges that offer leveraged digital-asset trading. (techicy)
Thailand issued 11 new requirements for crypto ETFs, limited for now to $BTC and $ETH, effective October 16. (kucoin)
Argentina's central bank reaffirmed its crypto ban within the banking system. (kucoin)
🗓️ This week's calendar
Oct 14: US September CPI release (zebpay)
Oct 15: 127M $STRK unlock, after a 13% drop on profit-taking (coinmarketcap)
Oct 16: 92.65M $ARB unlock (kucoin)
Oct 17: 1.17B $CRO unlock (~$70.85M) (kucoin)
Together, these unlocks total about $845.8M. Expect volatility, and be careful with impulse entries. (kucoin)
🎯 My take: sideways market, with $BTC defending the $82K zone. If it loses it, CPI could accelerate the drop toward the EMA50. If it holds, the upper range comes back into play. Meanwhile, I'm watching sectors with real narrative (RWA, DePIN) and waiting for confirmation.
❓ What do you expect from CPI: 🟢 relief or 🔴 pressure?
⚠️ Not financial advice. DYOR.
#CPI #WeeklyRecap #BinanceSquare
