Bullish Signals: High stablecoin volume ($159.3B, or 99% of total) points to inflows and positioning for upside. On X (formerly Twitter), traders note "compression before expansion" with bearish positioning creating contrarian opportunities, especially in AI and RWA sectors. Broader web analysis highlights renewed momentum, with BTC showing relative strength against stocks amid earnings pressure.
Bearish Counterpoints: Earlier October saw a $500B wipeout and record liquidations, leading to neutral-to-bearish RSI readings (e.g., 41.82 for BTC). Some experts warn of a potential "secular bear market" post-halving cycle, with forecasts for BTC dipping to $70K if support breaks. X posts reflect mixed views—81% bearish in some heatmaps, but others call for a pump as sentiment lags price action.
Overall Vibe: Bullish for today, but cautiously so. The market is neutral-bearish on X overall, with selective strength in narratives like AI agents and Solana infra. Watch US CPI data (released today) and Fed rate cut odds (99% for Oct 29)—strong inflation numbers could flip this green streak red.