Key factors:
-
Bitcoin seals its worst October efficiency since 2018 as merchants flip cautious on the outlook.
-
ETF outflows return as derivatives merchants hedge danger regardless of macro tailwinds.
-
Bollinger Bands information means that BTC worth volatility is because of make a sweeping comeback.
Bitcoin (BTC) traded round $110,000 on Saturday as merchants stayed bearish after “Uptober” didn’t ship.
Bitcoin demand “weak spot” closes out Uptober
Information from Cointelegraph Markets Professional and TradingView confirmed that the BTC worth was recovering losses from Friday’s Wall Road buying and selling session.
This started with promote stress — a frequent phenomenon all through the week — involving each US exchanges and the spot Bitcoin exchange-traded funds (ETFs).
Onchain analytics platform Glassnode mentioned that ETF outflows spotlight “rising promote stress from TradFi buyers and renewed weak spot in institutional demand.”
Information from UK-based funding firm Farside Traders put Friday’s tally at $191 million, which adopted $488 million in outflows for Thursday.
Persevering with, Glassnode famous that markets had shrugged off a macro tailwind within the type of an interest-rate minimize from the US Federal Reserve.
The Fed delivered the anticipated charge minimize, however the hawkish tone for December has cooled optimism,” it instructed X followers.
“The preliminary rally light as merchants moved again into cautious mode, a shift clearly mirrored in BTC’s choices market.”
Merchants likewise remained cautious, with crypto investor and entrepreneur Ted Pillows calling the present setup on Bitcoin “time-based capitulation.”
“BTC time-based capitulation is occurring now. However for this, Bitcoin must consolidate above $100,000,” he warned Friday.
“A weekly shut beneath this degree will verify the downtrend.”
Dealer Daan Crypto Trades, in the meantime, mentioned {that a} true transfer might solely come as soon as BTC worth decisively crossed the higher or decrease boundary of its native vary. The two key ranges of curiosity have been $107,000 and $116,000.
$BTC Held $107K once more and moved again to the mid vary. It is simply up someday, down the opposite at this level.
Vary is ranging. Chop is chopping.
We stay affected person for $107K or $116K to interrupt to see some momentum again into this market and for the vary to finish. https://t.co/c7zhiRd92f pic.twitter.com/u8PpwzaDLn
— Daan Crypto Trades (@DaanCrypto) October 31, 2025
Bollinger Bands say BTC worth volatility subsequent
The October month-to-month candle thus delivered a disappointing 3.7% loss for BTC/USD — the worst outcome since 2018.
Associated: Bitcoin set for first purple October in seven years: What’s going to November deliver?
As Cointelegraph reported, November is historically Bitcoin’s best-performing month, with information from CoinGlass confirming a median upside of a large 42.5% since 2013.
Discussing the subject, commentator Matthew Hyland added that the Bollinger Bands volatility indicator continued to indicate document volatility was on the best way.
“Month-to-month Bollinger Bands have reached essentially the most excessive ranges in Bitcoin’s complete historical past,” he wrote on X.
Bollinger Band narrowing has lengthy been on the radar for market members.
Final month, the indicator’s creator, John Bollinger, mentioned that it will quickly be “time to concentrate” to volatility on each Bitcoin and main altcoins.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.
