Overview
- Bitcoin is consolidating around $110,000 with traders reducing risk after the Fed meeting, as options flows show elevated put skew and recent liquidations point to a modest flush of overleveraged longs.
- U.S. spot Bitcoin ETFs logged notable net outflows in recent days, including about $488 million on Thursday and $191 million on Friday, aligning with a Coinbase premium near -$80 that signals U.S. selling pressure.
- Technical signals remain split, with reports of a daily death cross and risk below $106,000 contrasted by on-chain signs of supply absorption, lower open interest, and record ERC‑20 stablecoin balances suggesting sidelined liquidity.
- XRP trades near $2.50 after Ripple’s routine 1 billion XRP escrow unlock, while Bitwise’s final S‑1 amendment for a U.S. spot XRP ETF advances the filing process without a confirmed launch date.
- Traders are eyeing key levels, including $114,000–$116,000 for a BTC breakout and $2.80–$3.00 as a major XRP resistance zone, with Ripple’s Swell conference on Nov. 4–5 viewed as a potential catalyst.