Bitcoin (BTC)
$91,224.00
+$18.00
Here is the analysis of the Bitcoin (BTC) market as of now, based on technical factors, macroeconomic trends, and investment trends — as well as potential risks. (Note: this is informational analysis, not investment advice.)
1. Current Context & Macroeconomic Trends
Recent Significant Correction
According to KuCoin's weekly report, Bitcoin has just experienced a very significant drop — from ~ 107.5k USD down to ~ 93k USD, losing ~10% in the week.
KuCoin
This is described as a “historic sell-off” by many, and the market fear and greed index is at a very low level — indicating panic sentiment.
KuCoin
Vietnam+ also noted that this is the first time since 2018 that Bitcoin has experienced a depreciating October.
Vietnam+ (VietnamPlus)
Buying Power from Institutions
A large part of BTC's previous rally was driven by capital inflow from institutions: Bitcoin ETFs, companies holding BTC in reserves (treasury) …
Reuters
+1
This indicates “real” demand rather than just small retail speculation.
Reuters
On the other hand, the accumulation of BTC by “whales” (large wallets) has also shown signs of resurgence recently. For example, according to the report, the number of whales holding >1,000 BTC has reached a 4-month high.
The Economic Times
Halving Cycle
The Halving event (block reward reduction) in April 2024 is seen by many analysts as an important catalyst.
Phemex
+1
According to analysis by CaptainAltcoin (via Phemex), the market peak may have already reached or will reach around the end of October – early November 2025 based on historical halving cycle models.
KuCoin
+1
