Overview
- Bitcoin fell through the 200-day simple moving average near $109,380 and touched the low $106,000s, putting October on track for a rare monthly decline.
- Forced liquidations topped $1 billion over 24 hours, including about $424 million in Bitcoin, with the largest single wipeout a $21.4 million BTC-USD position on Hyperliquid.
- U.S. spot Bitcoin ETFs saw $470.71 million in net outflows on Oct. 29, led by Fidelity’s FBTC ($164.36 million) and ARK 21Shares’ ARKB ($143.8 million), as investors took profits.
- A U.S.–China tariff deal that trims average U.S. levies to 47% and includes soybean purchases and rare earth commitments failed to lift crypto as the dollar strengthened.
- On-chain signals showed restraint from long-term holders and tracked a 281 BTC transfer by SpaceX seen as a custody move, while traders watched $113,500–$114,500 as key levels to reclaim.