Tag: Bitcoin

Bitcoin climbs to $111K as a pardon for Binance’s ‘CZ’ fuels a broad crypto rally
- The crypto market is rallying, with Bitcoin climbing 2.7 percent to over $110,700.
- The rally was fueled by a presidential pardon for the Binance founder “CZ.”
- The pardon for Changpeng Zhao sent the price of BNB soaring by over 5 percent.
The cryptocurrency market was firmly in rally mode on Thursday, with Bitcoin climbing back toward $111,000 in a powerful rebound that was fueled by sizable gains in the US stock market and a stunning presidential pardon for the founder of the crypto exchange Binance, Changpeng “CZ” Zhao.

The broad-based rally marks another day of sharp, back-and-forth price action in a market that has been defined by extreme volatility in recent weeks.

A presidential pardon sparks a relief rally

The primary catalyst for the market’s improved tone was the unexpected news of President Trump’s pardon for the Binance founder.

The move, which suggests a continuing friendly regulatory environment for the crypto industry in the US, had an immediate and powerful impact.

The price of BNB, the native token of the Binance ecosystem, surged by more than 5 percent on the news.

The positive sentiment spread across the broader crypto sector, with Bitcoin rising 2.7 percent over the past 24 hours to $110,700, and other major tokens like Ether, DOGE, and ADA all posting gains in the 2 to 3 percent range.

Crypto-related stocks, which had suffered heavy losses in Wednesday’s sell-off, also bounced back strongly, with the Bitcoin miner Hut 8 climbing 7.3 percent after tumbling 17 percent in the previous session.

A classic whipsaw pattern continues

The powerful rebound comes just one day after a sharp decline that had pushed Bitcoin’s price below $107,000.

That drop, in turn, had followed a steep rise on Tuesday that had seen the leading cryptocurrency climb as high as $114,000.

This volatile, back-and-forth action is a classic whipsaw pattern, a market condition that often punishes traders who try to chase the trend.

All eyes on a pivotal inflation report

With the pardon now digested, the market’s focus is turning to the next major potential catalyst: the US government’s September Consumer Price Index (CPI) report, which is still set to be released on Friday morning despite the ongoing government shutdown.

This will likely be the last piece of important economic data that the Federal Reserve will see before its crucial rate-setting meeting next week.

The market is currently in full expectation of a 25-basis-point cut at that meeting, with another quarter-point reduction priced in for the final meeting of the year in December.

The CPI report will be the final and most important test of that conviction.

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October 24, 2025
Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data
- Crypto markets have entered a holding pattern, with Bitcoin near $108,164.
- Traders are awaiting a key US inflation (CPI) report due out on Friday.
- Hopes are rising for a de-escalation in the US-China trade war.
Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat as traders brace for a pivotal US inflation report and look for signs of a de-escalation in the US-China trade dispute.

Bitcoin is trading around $108,164, up slightly from Monday but still down 2% for the week. Ether is changing hands near $3,815.

The stabilization reflects what the analytics firm QCP Capital has described as a “narrow-range equilibrium,” a period of calm before a potential storm.

A singular focus on the US inflation report

The market’s primary focus is now firmly on Friday’s Consumer Price Index (CPI) report, the only major US economic data release not delayed by the ongoing government shutdown.

In a recent note, QCP said the CPI is the “singular anchor” for policy expectations and broader risk sentiment.

A softer-than-expected reading, the firm noted, could “re-anchor the soft-landing trade” and provide support for Bitcoin as expectations for looser monetary policy improve.

Hopes are rising for a US-China détente

Adding to the market’s complex picture are the shifting dynamics of the US-China trade war.

Sentiment has improved after a weekend of whiplash, in which President Trump first threatened a massive new wave of tariffs only to later soften his stance, stating that “the USA wants to help China, not hurt it.”

This has led prediction markets to re-evaluate the risks. Traders on Polymarket now assign a 77% probability that a tariff agreement will be reached by November 10, while the odds of Trump’s threatened 100% tariffs taking effect have fallen to just 16 percent.

A cleaner slate after a brutal liquidation flush

This fragile calm comes just days after a brutal market-wide sell-off that saw nearly $20 billion in leveraged positions liquidated.

That massive flush has reset the market, creating a cleaner slate for macro traders as they head into the crucial CPI event.

The key question now is whether the “soft landing” narrative will be confirmed by Friday’s inflation data, or if the volatility that has defined the market in recent weeks will be reignited.

What to watch in the markets

For Bitcoin, analysts at Standard Chartered have noted that while sellers are limiting any immediate breakout potential, a dip below $100,000 could represent a “last chance to buy” before the next major leg higher.

For Ethereum, the picture is more divided.

A recent $650 million transfer by the Ethereum Foundation triggered a wave of profit-taking and liquidations, leaving analysts split between a potential breakout toward $5,000 and a possible slide toward $2,850 if the key support level at $3,470 fails to hold.

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October 23, 2025
Crypto slump worsens as Bitcoin slips amid a broad market sell-off
- The crypto market’s October slump has worsened, with a 3% drop.
- Bitcoin slipped below $110,000 and Ethereum fell below $3,900.
- The market has lost roughly $370 billion in value this month alone.
The cryptocurrency market’s brutal October slump has worsened, with a fresh 3% drop sending Bitcoin below the key $110,000 level and dragging most major altcoins deep into the red.

The broad-based drawdown is the latest chapter in one of the harshest months of the year for the digital asset space, as a potent combination of thinning institutional support, technical disruptions, and simmering macroeconomic tensions creates a powerful “risk-off” wave.

The scale of the recent carnage is immense. The market has now erased roughly $370 billion in value this month alone, with as much as $19 billion in leveraged positions being liquidated.

Futures open interest has also been decimated, with $65 billion wiped out, resetting market activity to the levels of early 2025.

Institutional support thins as ETF outflows accelerate

A key driver of the recent weakness has been a dramatic and worrying reversal in institutional sentiment.

After months of powerful inflows, spot Bitcoin ETFs have become a source of intense selling pressure, posting a staggering $1.23 billion in weekly net outflows.

This included a massive $366 million outflow on Friday alone, a move that removed a critical layer of buying support from an already fragile market.

A perfect storm: an AWS outage and a SpaceX scare

This fundamental weakness was compounded by a perfect storm of technical and psychological blows.

A major outage at Amazon Web Services (AWS) disrupted access to a number of leading crypto venues, including the US giant Coinbase and several DeFi front-ends.

The disruption widened spreads and accelerated forced liquidations, with over $240 million in long positions being wiped out in just 24 hours, a move that briefly pushed Bitcoin toward $107,500.

Market nerves were frayed further after on-chain trackers flagged a large transfer of 2,395 BTC ($268 million) from a wallet associated with SpaceX.

While analysts suggested the flows were likely internal custody reshuffles, the timing sparked a wave of “Is Musk selling?” headlines, adding another layer of fear to an already anxious market.

What to watch next as the market hangs in the balance

Technically, the market is now at a critical inflection point. Bitcoin is facing a thick layer of resistance between $112,000 and $115,500, with key support levels now sitting at $108,000 and $105,000.

A decisive daily close back above the 50-day moving average (around $113,000) is needed to stabilize the market. Failure to do so keeps the psychological $100,000 zone firmly in play and raises the risk of a much deeper bearish phase.

The near-term catalysts remain firmly in the macroeconomic arena, with the upcoming US CPI print and any fresh hints from the Federal Reserve on interest rates likely to be the next major market-moving events.

For now, a battered and bruised crypto market is left to lick its wounds and wait for the storm to pass.

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October 22, 2025
Bitcoin holds steady as the market resets after a massive leverage flush
- The crypto market is stabilizing after a sharp correction and a massive leverage flush.
- Analysts see the move as a healthy reset, not a structural breakdown.
- While speculators were purged, institutional money continues to accumulate.
A fragile but significant calm has settled over the cryptocurrency market, as it begins the slow and painful process of healing from a brutal correction that has purged the speculative excess from the system.

Bitcoin is holding steady, a quiet resilience that analysts believe is not a sign of weakness, but of a market that has undergone a healthy and necessary reset.

As Asia begins its trading day, Bitcoin is hovering around $110,300 dollars, with Ethereum changing hands at $3,970.

This newfound stability comes after a sharp and violent sell-off that had pushed Bitcoin as low as 104,000 dollars just last week.

The great reset: A cleansing of speculative excess

The key to understanding the market’s current state is to see the recent crash not as a catastrophic failure, but as a violent and necessary cleansing. In a recent market note, the analytics firm Glassnode described the move as a “flush, not a failure.”

The firm’s analysis shows that the speculative leverage that had been driving the market has been decisively unwound, futures open interest has fallen sharply, and traders have been realizing losses in a defensive normalization, not a full-blown capitulation.

This view is echoed by other market observers who see a similar dynamic playing out in the world of capital formation.

The market maker Enflux, in a note to CoinDesk, highlighted the news of Blockchain.com’s planned US SPAC listing as a “full-circle moment” for crypto exchanges, a sign that the industry is once again re-engaging with the public markets, but this time from a position of greater maturity.

The quiet accumulators: The giants beneath the surface

While the speculative layer of the market has been flushed out, a different and far more powerful story is unfolding beneath the surface.

While retail traders were being liquidated, the institutional giants were quietly buying the dip.

Enflux pointed to Tom Lee’s Bitmine allocating another $800 million to buy more ETH as an “infrastructure-scale commitment,” a clear and powerful sign that institutional money is not just staying, but is actively accumulating.

This is the great divergence that now defines the market: the short-term speculators have been purged, while the long-term capital is quietly and methodically rebuilding the foundation.

A new harmony in a chaotic world

This reset is also reshaping the very narrative that governs the market. As Enflux noted, gold’s continued and stunning strength—surging to a new record of $4,380.89 an ounce—is no longer seen as a threat to Bitcoin, but as a complementary signal.

It shows that in a world of deep macroeconomic and geopolitical uncertainty, digital assets now coexist with traditional hedges, a sign of a broader portfolio shift toward diversification, not abandonment.

The market may be wounded, but it is also wiser, and a new, more resilient foundation is quietly being laid.

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October 21, 2025
BlackRock brings Bitcoin ETP to UK as regulator opens door for crypto products
- ETP mirrors bitcoin price and trades via the London Stock Exchange.
- UK aims to become a global hub for regulated digital-asset products.
- FCA allows tokenisation of investment funds using blockchain technology.
The investment giant BlackRock has launched its first bitcoin-linked exchange-traded product (ETP) in the United Kingdom, signalling a major step in bridging traditional finance with the crypto sector.

The move follows the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto investment vehicles, allowing investors to gain exposure to bitcoin without directly holding it.

The launch not only widens access to digital assets for UK investors but also highlights a growing convergence between global asset managers and regulators in adapting to the evolution of financial markets.

BlackRock’s bitcoin ETP debuts on the London Stock Exchange

The iShares Bitcoin ETP, now listed on the London Stock Exchange, is designed to mirror the price of bitcoin and offer exposure within a regulated structure.

The product allows investors to buy fractions of bitcoin through units starting at about $11, making participation in the asset class more accessible.

Unlike holding bitcoin directly, investors can trade the ETP through standard brokerage accounts, bypassing the complexities of digital wallets or private key management.

The product’s underlying assets are securely held by regulated custodians, ensuring compliance and oversight under the UK’s financial rules.

BlackRock’s UK-listed ETP builds on the firm’s earlier success with its bitcoin exchange-traded fund (ETF) in the United States, which has accumulated over $85 billion in net assets.

It also adds to its European range, complementing listings in Switzerland, Paris, Amsterdam, and Frankfurt.

FCA’s easing of crypto investment restrictions

The launch comes shortly after the FCA lifted its four-year ban on crypto exchange-traded notes (ETNs) on 9 October 2025.

The regulator stated that UK investors could now access such products through approved exchanges, reflecting a broader acceptance of crypto-linked investment options.

The decision marks a turning point for crypto regulation in the UK.

It suggests a shift from outright restrictions to a more measured approach that balances investor protection with innovation.

The FCA’s announcement followed months of consultation with industry players and international regulators.

Expanding opportunities for asset managers and investors

BlackRock’s move is expected to encourage other global asset managers to follow suit, as the UK repositions itself as a hub for financial innovation post-Brexit.

The FCA’s approval has opened the door for firms such as VanEck, DWS, and WisdomTree to explore similar launches.

For retail investors, the product offers exposure to bitcoin’s price movements through a traditional investment wrapper.

It eliminates the need for managing crypto wallets and navigating unregulated exchanges, while allowing investment through familiar platforms.

The regulator’s decision also aligns with the UK Treasury’s ambition to make the country a global centre for digital assets.

It supports ongoing efforts to integrate blockchain into traditional finance, paving the way for tokenised funds and blockchain-based asset management in the future.

Crypto risks and the future of tokenisation in the UK

Despite the easing of rules, the FCA maintained that its ban on crypto derivatives for retail investors will remain.

While the ETP operates under a regulated structure, exposure to Bitcoin still carries the same volatility and market risks associated with the underlying asset.

In parallel, the UK is exploring broader blockchain adoption across financial services.

On 14 October 2025, the FCA announced new provisions allowing asset managers to use distributed ledger technology for fund tokenisation.

The move is intended to foster innovation and efficiency, signalling that the regulator sees long-term potential in blockchain applications beyond cryptocurrencies.

By facilitating regulated access to bitcoin and promoting tokenisation, the UK is gradually laying the groundwork for a digital financial ecosystem where traditional and decentralised finance coexist.

BlackRock’s ETP marks a key milestone in this transition, setting the stage for more institutional crypto products in one of the world’s leading financial markets.

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October 20, 2025
Beyond Bitcoin: How Asia’s new crypto playbook is breaking from the west
- A reported $600 million BNB fund signals a shift in Asia’s crypto strategy.
- Asian institutions are favoring ‘infrastructure tokens’ over store-of-value.
- The West tokenizes TradFi, while the East builds crypto-native liquidity.
On the surface, it looks like a straightforward bet on a crypto behemoth.

The reported plan by China Renaissance to raise 600 million dollars for a BNB-focused investment vehicle, with Binance founder Changpeng Zhao’s own YZi Labs investing alongside, seems like a simple vote of confidence in the world’s largest crypto exchange.

But according to some of the market’s sharpest observers, this is something far deeper: a clear and powerful signal that a great divergence is underway, a fundamental split in how the East and the West are choosing to build their crypto empires.

A tale of two strategies: The great divide

While Western markets have been laser-focused on tokenizing traditional finance—turning Treasuries, funds, and real-world assets into digital tokens—a different playbook is being written in Asia.

According to the Singapore-based market maker Enflux, the China Renaissance move is a prime example of a broader and more profound strategic shift.

“Regional capital allocators are seeking exposure to infrastructure tokens that drive transaction flow, not just store-of-value assets,” Enflux said in a note to CoinDesk.

This ties into the broader shift where Asian capital markets are building out their own layer of crypto-native liquidity networks while Western markets tokenized TradFi.

Value in motion, not just in scarcity

The logic behind this divergence is both simple and powerful: in the long run, value should be captured not just by scarcity, but by activity.

Assets like BNB are the perfect embodiment of this philosophy. While Binance is not a publicly traded company, its BNB token serves as a powerful proxy, its value a direct reflection of the market’s confidence in the health and activity of the entire Binance ecosystem.

This is not an isolated trend. The recent move by Tron to create a publicly listed company is another key example.

The goal is to give investors direct, regulated exposure to the activity on the TRX network, a bustling hub for USDT transactions across Latin America.

It is a bet on the utility and the velocity of the network, not just the static value of its native token.

The blueprint for a new financial architecture

If this thesis is correct, then the China Renaissance fund is more than just a new investment vehicle; it is an early blueprint for the next generation of institutional products in Asia. These are not funds designed to simply hold digital gold.

They are permanent capital vehicles designed to own the very pipes of the crypto economy.
The message is clear.

While the West is focused on bringing the old world onto the blockchain, the East is increasingly focused on building a new world, with its own native financial architecture.

The great game of crypto is no longer being played by one set of rules; it has become a tale of two very different, and potentially competing, visions for the future.

Market movement

BTC: Bitcoin is trading above 114,500 dollars, holding relatively flat as the market finds its footing and stabilizes after the volatility of the previous weekend.

ETH: Ethereum has risen 1.5 percent to 4,230 dollars as network activity shows signs of picking up, a move of resilience that comes even as US-listed Ethereum ETFs saw 118 million dollars in outflows.

Gold: Gold has surged 2 percent to a new record of 4,103 dollars an ounce. The powerful move is being driven by renewed US-China trade tensions and the growing expectation of further Federal Reserve rate cuts, which are sending investors fleeing toward safe-haven assets.

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October 14, 2025
Bitcoin, Ethereum rebound following ‘largest single-day wipeout in crypto history’
- The crypto market suffered its “largest single-day wipeout in crypto history.”
- Nearly $20 billion in liquidations were triggered on Friday alone.
- The crash was sparked by President Trump’s new tariff threats against China.
It was a brutal and historic bloodbath, a sudden and violent purge that resulted in what one analyst has called “the largest single-day wipeout in crypto history.”

A promising “Uptober” rally was brought to a catastrophic halt on Friday as a geopolitical bombshell from the White House sent a shockwave of fear through the global markets, triggering a cascade of liquidations that erased nearly $20 billion from the digital asset space in a single day.

The carnage was swift and merciless. Over a harrowing seven-hour period, Bitcoin plunged from the relative safety of $121,000 to a grim low of $109,000.

The pain was felt across the market, with Ethereum dipping to $3,686 and Solana touching just above $173.

But the real story was in the leveraged positions that were being systematically annihilated.

The volatile session triggered a “flash crash of liquidations,” wiping out almost 7 billion across all markets within a single hour, with a staggering 5.5 billion of that coming from bullish long positions, Sean Dawson, head of research at Dervie, told Decrypt.

By the time the dust settled, the majority of the day’s nearly 20 billion in liquidations—a colossal 16.7 billion—had come from longs, according to CoinGlass data.

The presidential spark: A tariff threat ignites a firestorm

This was not a crypto-specific crisis; it was a contagion of fear sparked by the highest office in the United States.

The sell-off across both crypto and traditional markets followed President Trump’s stunning announcement that he was canceling a planned meeting with Chinese President Xi Jinping and had ordered a “massive increase” in tariffs on Chinese imports.

The threat, which Trump himself acknowledged could be “potentially painful” for Americans, immediately sent risk assets into a tailspin.

The tech-heavy Nasdaq dipped 3.6 percent, the S&P 500 fell 2.7 percent, and the Dow dropped 1.9 percent, a clear sign that the market was taking the president’s words as a declaration of a new and more aggressive phase in the trade war.

The aftermath: A textbook relief rally

But just as quickly as the storm descended, a fragile calm began to return.

By the weekend, China appeared to soften its stance, and a market that had been gripped by panic began to recalibrate, with analysts suggesting the brutal rout may have been a brief, if violent, geopolitical overreaction.

Now, a powerful rebound is underway. “What we’re seeing is a textbook relief rally,” Dean Serroni, CEO of crypto investment manager Merkle Tree Capital, told Decrypt.

The recovery has been as swift as the crash was brutal. Bitcoin has surged 5% on the day to retake the $115,100 level.

Ethereum is leading the charge with an impressive 10.5% jump to $4,138, while major altcoins like Solana, BNB, and Dogecoin are soaring with double-digit gains.

Serroni explained the powerful bounce as “pure short-covering and mean reversion after the market overreacted to Trump’s tariff bombshell.”

He pointed to the “thin” selling pressure and the dramatic reset in open interest across derivatives markets, a sign that the carnage was primarily a technical event, a violent purge of “overleveraged derivatives traders” rather than a fundamental shift in the market’s long-term outlook.

His final verdict was a succinct and powerful summary of a wild and historic week: “This rout was a geopolitical knee-jerk, not a structural break.”

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October 13, 2025
Why Bitcoin could rebound up to 21% this week: experts explain

Bitcoin took a sharp plunge on Friday, falling more than 12% after President Trump announced a 100% tariff on Chinese imports, sparking fears of a new trade war.

The news sent shockwaves through the crypto market, wiping out over $19 billion in liquidations and causing panic selling among millions of traders.

Bitcoin briefly dropped below $105,000 before bouncing back slightly.

This plunge mirrored broader market fears as investors rushed to safer assets, amidst uncertainty over escalating US-China tensions and economic stability.

But, in the face of deep uncertainty, some experts are keeping calm and asked investors to show some faith in the fundamentals of the flagship cryptocurrency.

Why Bitcoin can make a big rebound this week

As per Cryptonews.com, economist Timothy Peterson thinks there’s a good chance Bitcoin could make a strong comeback this week, possibly jumping as much as 21%.

Looking at historical data going back to 2013, he notes that October has actually been Bitcoin’s second-best month, averaging a gain of 20.1%, just behind November.

Big drops in October are pretty rare; they’ve only happened four times in the past ten years, and three of those were followed by sharp recoveries.

Even though Bitcoin recently dipped below $102,000 after President Donald Trump announced new tariffs, Peterson stays optimistic.

He points out that about half of October’s usual gains might already be in the books, but the rest of the month still looks favorable for a solid rebound.

Based on Bitcoin’s typical cycles of liquidity and market sentiment, analysts are hopeful that the month could end with Bitcoin regaining momentum and possibly breaking through some key resistance levels in the weeks ahead.

Why the latest crash is not unusual

Volatility is just part of life in the crypto world. Digital assets don’t just react to economic headlines; they are also highly sensitive to social media chatter, regulatory news, and tech developments.

Experts say that while these ups-and-downs can be risky, they also open the door for traders and investors who know how to ride the waves.

Historically, October tends to be a bumpy month for crypto, but these dips are often followed by strong rebounds as the market finds its balance.

Bottom line: the crypto space is fast-moving and unpredictable, with big risks, but potentially big rewards too.

Several factors drive this heightened volatility. For one, the market is still relatively young, so price discovery is ongoing, new investors and speculative trades can swing prices dramatically.

Unlike traditional financial markets, crypto isn’t heavily regulated, so announcements of new policies or legal actions can spark sharp reactions.

The fact that crypto markets run 24/7 only adds fuel to the fire, with no breaks or circuit breakers to cool things down.

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October 11, 2025
Deutsche Bank sees parallels between Gold and Bitcoin as central banks boost gold reserves
- Deutsche Bank says gold now makes up 24% of central bank reserves, the highest share since the 1990s.
- Analyst Marion Laboure sees parallels between gold and Bitcoin as safe-haven, low-correlation assets.
- Deutsche Bank predicts both Bitcoin and gold could join central bank reserves by 2030.
Global central banks are expanding their gold holdings at a pace not seen in decades, a trend that could have major implications for Bitcoin, according to a new report from Deutsche Bank.

The bank’s strategists noted that gold’s share of central bank reserves climbed to 24% in the second quarter, its highest level since the 1990s, marking a renewed confidence in the precious metal amid shifting global monetary dynamics.

Deutsche Bank’s findings highlight how gold’s resurgence and Bitcoin’s momentum in 2025 share several common characteristics, particularly as investors and policymakers seek alternative stores of value in an uncertain economic environment.

Central Banks’ Gold accumulation reaches multi-decade highs

The report shows that official demand for gold has doubled compared to the 2011–2021 average, signaling an intensified effort by central banks to diversify away from fiat currencies.

The strategists described this as a “significant shift in global finance,” echoing patterns seen throughout the 20th century when gold played a dominant role in global reserves.

Gold’s renewed accumulation coincides with its climb past inflation-adjusted all-time highs.

Although gold prices have been setting nominal records for several years, Deutsche Bank noted that only recently has the metal surpassed its real-adjusted peak from 1980.

“It’s only in recent weeks that gold has finally surpassed its real-adjusted all-time highs from around this point 45 years ago,” the bank’s strategists wrote.

They attributed the decades-long gap between those milestones to a combination of factors, including central bank gold sales, institutional sell-offs, and the rise of the fiat currency era.

The report also recalled that gold’s formal role as a reserve asset ended in 1979 when the International Monetary Fund (IMF) prohibited member countries from pegging exchange rates to gold — a move that cemented the end of the Bretton Woods system.

Bitcoin emerges as a modern parallel to Gold

Deutsche Bank’s macro strategist Marion Laboure explored potential parallels between gold and Bitcoin in a report titled “Gold’s reign, Bitcoin’s rise.”

She observed that both assets have shown similar long-term performance patterns since their inception and share a reputation for high volatility and periods of underperformance.

Laboure emphasized that both gold and Bitcoin have a low correlation with traditional financial assets, making them attractive options for diversification.

These shared traits, she suggested, contribute to their appeal as potential “safe-haven” assets in times of market uncertainty.

While Laboure acknowledged that Bitcoin’s volatility and lack of backing remain major concerns, she noted that volatility has declined to historic lows.

Other challenges — including limited adoption, speculative behavior, cybersecurity risks, and liquidity constraints — continue to limit Bitcoin’s suitability as a mainstream reserve asset, but its trajectory is drawing increasing institutional attention.

Looking ahead: Bitcoin and Gold in central bank reserves by 2030?

Despite lingering skepticism among policymakers, Laboure predicted that both Bitcoin and gold could feature on central bank balance sheets by 2030.

The forecast reflects a gradual convergence between traditional and digital stores of value, particularly as institutional adoption of Bitcoin expands and governments explore ways to diversify their reserves.

Still, she cautioned that Bitcoin’s volatility and perceived risk profile remain key barriers for central banks, whose primary mandate is to preserve capital stability.

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October 10, 2025
Bitcoin drops as bearish data sparks a 10% price dip warning
- Bitcoin has dropped below the key 120,000 dollar level amid a fresh sell-off.
- The market is showing signs of low volume and a lack of upward momentum.
- Key on-chain data shows a lack of bid support below the 120,000 dollar mark.
The triumphant return of the bulls has proven to be a fleeting and fragile affair.

Just as the market was beginning to celebrate a new era of price discovery, a wave of determined selling has sent Bitcoin tumbling back below the critical 120,000 dollar level, a brutal rejection that has the bears once again in control and raises the grim prospect of a much deeper correction.

The sell-off, which has seen the leading cryptocurrency fall nearly 3 percent on the day, is a story of fading momentum and evaporating support.

The recent all-time highs now feel like a distant memory as the market slices through the bid liquidity that had once held it aloft.

A market bracing for a deeper cut

The mood among seasoned traders has shifted from cautious optimism to a grim acceptance of a new, more bearish reality.

The market is now at a critical inflection point, with the very support that was so hard-won now under a sustained and powerful assault.

“Market does still quote bid liquidity around 121K-120K but what we need to see next is absorption of sellers to rule out a sweep lower,” the popular trader Skew wrote in his latest market commentary on X.

His short-term outlook was stark, adding that the market was “quite likely to be dominated by new shorts opening.”

This view is being reinforced by the data.

The trading resource Material Indicators highlighted that the market is now facing its “3rd consecutive Daily support test at the trend line,” a technical setup that suggests the bears are growing bolder with each attempt.

Data from CoinGlass paints an even more worrying picture, showing a distinct lack of bid support much below the 120,000 dollar mark, while a wall of sell orders has multiplied overhead.

The return of the $108,000 ghost

This short-term weakness is taking place against a backdrop of a more troubling long-term picture.

The veteran trader Roman warned his followers on X that the situation for Bitcoin remains tenuous, despite its recent record highs.

“A friendly reminder that we are once again printing more bearish divergences, low volume, & lack of momentum on HTF. Both 1W & 1M,” he wrote, pointing to a series of classic warning signs that the rally is running out of steam.

His conclusion is a chilling one for the bulls: the local range lows at 108,000 dollars, a level that has been a key battleground in the past, could soon come back into play.

The king of crypto may have briefly touched the heavens, but the bears are now doing their best to drag it back down to earth.

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October 10, 2025