Overview
- BTC traded around $100,000–$103,000 after an intraday dip to roughly $98,900, with price action pinned near the 50‑week and 365‑day moving averages.
- CryptoQuant flagged an “extremely bearish” setup after the 365‑day average gave way, noting its Bull Score at zero and mapping potential targets near $91,000 and, in a deeper slide, around $72,000 if recovery stalls.
- U.S. spot Bitcoin ETFs recorded several sessions of net outflows totaling about $1.3 billion, removing a key source of spot-market support seen earlier this year.
- Derivatives stress persisted, with Coinglass tallying roughly $587 million in 24‑hour liquidations as volatility stayed elevated and price swings accelerated.
- On‑chain flows show a split market, with ‘young coin’ inflows to Binance rising from about $18 billion in September to nearly $26 billion in October while sentiment fell back to extreme fear and long‑term holders continued to pull coins off exchanges.