Overview
- Federal Reserve policymakers lowered rates by 25 basis points to 3.75%–4.00% as Chair Jerome Powell said a year-end cut is not a foregone conclusion.
- Bitcoin slipped to the $110,000–$114,000 band and the crypto market shed roughly $100 billion in value during the post-Fed sell-off.
- Coinglass reported about $556 million in liquidations over 24 hours, largely long positions, while rising open interest signaled new shorts entering.
- Spot Bitcoin ETFs logged continued net inflows in recent sessions, including about $202 million on Oct. 28 and roughly $260 million over three days, which analysts view as a potential price backstop.
- On-chain analysts highlighted a renewed Binance BTC-to-stablecoin reserve-ratio buy signal, as traders watch whether sustained flows can hold support near $110,000 or risk a deeper slide toward $106,000–$108,000, with niche tokens like Trump Coin rallying on US–China trade headlines.