Overview
- Bitcoin traded around $114,000–$114,500 late Sunday UTC after reclaiming the $112,000 level and recovering roughly half of October’s pullback.
- Derivatives data from CoinGlass showed about $393 million in 24‑hour liquidations, including roughly $319 million from shorts, helping propel the breakout.
- Official posts from China’s embassy described U.S.–China consultations in Malaysia as constructive with “basic consensuses” reached, and markets are watching a planned Trump–Xi meeting on Oct. 30.
- CPI for September printed at 3.0% year over year, and CME FedWatch indicated 98–99% odds of a rate cut on Oct. 29, reinforcing risk appetite across crypto and equities.
- On‑chain signals were mixed: Binance’s bitcoin reserves fell to roughly 610,000–613,000 BTC while Glassnode reported about 62,000 BTC leaving long‑term illiquid supply, with whales absorbing some of that flow.