After falling to the $89,000 range, Bitcoin is now trying to reclaim the $95,000 resistance. The fall from the historic high of $126,000 has led to a sharp increase in implied volatility and short-term selling pressure.
Reports suggest that short-term holders are experiencing about $523 million in realized losses per day, the highest level since the FTX crash.
Spot trading volume has declined to about $83.8 billion, but the derivatives market is more active: futures trading volume has increased by 15% and the index of futures open interest has reached $67.4 billion. This suggests that traders are either hedging or relying on short positions rather than buying outright.
Analysts believe that the recent selling pressure has turned the $95,000-$97,000 area into a significant resistance. If this range is not broken, a retest of $90K is likely
A consolidation above $95K and then a break above $97K is essential to change market sentiment. Otherwise, selling pressure and volatility could intensify the downtrend. #bitcoin
🇯🇵 The Japanese government has approved a ¥21.3 trillion (about $135 billion) economic stimulus package, the largest since the coronavirus pandemic, aimed at easing the pressure on households from persistent inflation.
Key details include: ¥2.7 trillion in tax breaks, including income tax cuts. ¥400 billion for child allowances (¥20,000 per child). A fuel tax suspension to control gasoline prices. ¥2 trillion in local subsidies to stabilize prices. ¥500 billion in energy bill subsidies until March 2026. ¥7.2 trillion for crisis management and strengthening economic security.
The plan, financed through a ¥17.7 trillion supplementary budget, is in line with Prime Minister Sanae Takaichi's expansionary policies; Especially after the recent decline in GDP. The cabinet is expected to approve it soon to start providing rapid support to households and boosting domestic consumption.
If the Fed doesn’t cut rates in December, Bitcoin is likely to hover between $60,000 and $80,000 by the end of the year. The lower end of this range is likely to be driven by reduced risk appetite and tighter liquidity conditions, while the upper end will remain limited until monetary policy becomes clearer.
The media has declared “Bitcoin is dead” 446 times, but the price trend is exactly the opposite. What’s more interesting is that if you had bought just $100 worth of Bitcoin every time after these headlines, you would now be worth about $104 million. This chart clearly proves that Bitcoin has always followed its own path and has come back stronger every time #bitcoin
Ethereum Open Interest has experienced one of the biggest drops since 2024 This drop shows that the market is undergoing some kind of fundamental reset and the high volume of leveraged trades that entered the high-risk space are being unloaded. #ETH
#solana Solana is approaching an important support area on the 3-day timeframe, which is considered its last bastion, and friends who have not entered can enter a buy trade at the 118-95 range.
On the other hand, the resistance area of $193 is suitable for shorts, which the price has not yet reached.
On the daily time frame, the price is in a descending channel and if tomorrow's daily candle hits the bottom of today's candle, it is suitable for shorts and prices of $1.3 can be a good short.
For buying, we should wait for the price to break the channel and enter the trade at the retest of the channel ceiling or we can enter the buy in the areas of 1.07 and 0.820.
#bitcoin Bitcoin has a positive RSI divergence on its weekl support area on the 4-hour time frame, which is also a very important area, and there are clear signs of a reversal, but we have to wait. If the price manages to break the $96,000 ceiling and close above it, it can reach $100,000, and this is where it needs to close above $100,000 to continue its climb and set a new high. However, if the price closes below the $89,000 candle, we will enter a bear market and conditions will be very difficult.
Today's Market Reaction: The Chances of a Fed Rate Cut in December Suddenly Fell on Kalshi Platform.
The US Bureau of Labor Statistics announced that the October Employment Report has been officially canceled, as it was not possible to collect backlogged household data (such as unemployment rates and the like). The Nonfarm Payrolls data will also be moved to the November report, which will be released with a longer delay.
🔻Trader James Wynn claims Zcash is a coordinated pump-and-dump scheme driven by big influencers. The token has surged more than 8x since early October.
Small detail: Wynn himself has been liquidated about 50 times in the same period.
🔻He also argues that the AI market is a massive bubble — one that could be even worse than the dot-com crash.
🔹Vitalik Buterin warned at Devconnect that “elliptic curve” cryptography could be broken by quantum computing before the 2028 US presidential election.
🔹He called on Ethereum to migrate to quantum-resistant cryptography within the next four years.
“Data from the past seven days shows miners accumulating a total of 777 BTC… This shift from distribution to accumulation at lower price ranges has historically usually preceded periods of market consolidation.”
A new wave of altcoin ETFs is starting to enter the crypto market
VanEck has launched its third exchange-traded fund (ETF) based on the Solana (SOL) staking in the United States. The new fund, with the ticker symbol VSOL, went live on Monday, joining similar ETFs from Bitwise and Grayscale, which have collectively raised more than $380 million since last month. #ETFs
It has reached the $900 support on the daily timeframe and the 200-day moving average is also in this area. Considering that it has almost covered the entire recent decline, it can resume its growth by maintaining the $800-900 support area.