Overview
- Bitcoin trades around $110k–$111k after the weekend bounce, with Ethereum back above $4,000 as the total crypto market value rises roughly 3%–4%.
- The recovery follows an October 10 flash crash that briefly sent BTC near $103k and triggered roughly $20 billion in liquidations.
- Derivatives metrics show funding still negative and large short clusters concentrated roughly $110k–$130k, signaling elevated short‑squeeze potential if price advances.
- U.S. spot bitcoin ETFs logged about $1.2 billion in weekly net outflows even as on‑chain trackers report over $6 billion in new USDT and USDC issuance supporting fresh liquidity.
- Traders are watching resistance near $112k–$115k for confirmation of momentum, with potential catalysts including next week’s Fed decision and U.S.–China trade discussions this week.