Overview
- Bitcoin hovered near $115,000 after touching above $116,000, retracing a large share of its early-October losses.
- Futures markets priced a roughly 98%–99% chance of a Federal Reserve rate cut on Oct. 29 following September CPI and core CPI at 3.0% year over year.
- CoinGlass data showed about $319 million in short positions were liquidated over 24 hours after price cleared the $112,000 level.
- The Chinese Embassy said U.S.–China consultations in Kuala Lumpur were constructive and reached basic consensuses, while CNBC reported the White House expects a Trump–Xi meeting on Oct. 30 at APEC.
- Glassnode tracked about 62,000 BTC moving out of long‑term wallets since mid‑October as whales accumulated, and analysts noted renewed ETF demand with some citing a Nasdaq‑implied fair value near $156,000.