On October 27, BTC maintained a steady upward trend, with prices running above the 30MA, and the short-term trend leaning bullish; ETH continued its strong upward trend, with prices firmly above the short and medium-term moving averages; GT's current price broke above the upper boundary of the short-term consolidation range, with short-term momentum significantly enhanced. In addition, PAYAI (+107.6%), DIA (+75.26%), SYND (+20.26%), and other strong risers, saw quick capital inflow in the x402 zone, and market hotspots continued to heat up. The non-liquid supply of Bitcoin decreased, with approximately 62,000 BTC flowing out from long-term holders' wallets; JPYC launched a yen stablecoin and issued a redemption platform JPYC EX; Kalshi's 30-day trading volume exceeded $4 billion, setting a record high for annualized trading volume.

crypto market overview
BTC (3.01% | Current Price 114,969 USDT): BTC has recently maintained a steady upward trend, with the price operating above the 30MA. The short-term moving averages (5MA and 10MA) have formed a golden cross and are diverging upwards, indicating that short-term bullish momentum remains strong. The current price is approximately 114,900 USDT, slightly below the intraday high of 115,536 USDT, with a slight pullback in the short term, which is a healthy consolidation. On October 24, the net inflow for BTC ETF reached 90.6 million USDT in a single day, with BlackRock's IBIT inflow of 32.7 million USDT and Fidelity's FBTC inflow of 57.9 million USDT.
ETH (6.36% | Current Price 4,188 USDT): ETH continues its strong upward trend, with prices firmly staying above the short to medium-term moving averages (5MA,

crypto market panorama
BTC (2.17% | Current Price 110,523 USDT): Today, BTC overall maintains a slightly strong volatile trend, with the price gaining support at 109,000 and moving upwards, currently operating around 110,500. The short-term moving average MA5 crosses above MA10, forming a golden cross, indicating a recovery in bullish momentum. The MACD is also above the zero line, but momentum has slightly weakened, suggesting that the upward strength is slowing down. If the price can steadily hold above 110,200, it is expected to further challenge the resistance range of 111,000 to 112,000; if it falls and breaks below 109,600, it may test the support near 109,000 again. Overall, BTC remains bullish in the short term, but caution is needed regarding the risk of pullback due to insufficient trading volume.
ETH (1.18% | Current Price 3,873 U

encryption asset panorama
BTC (2.17% | Current Price 110,523 USDT)
Today, BTC overall maintains a strong oscillating trend, with prices gaining support at 109,000 and oscillating upwards, currently trading around 110,500. The short-term moving average MA5 has crossed above MA10, forming a golden cross, indicating a recovery in bullish momentum. The MACD is also above the zero line, but the momentum has slightly weakened, suggesting that the upward strength is slowing down. If the price can stabilize above 110,200, it is expected to further challenge the resistance in the range of 111,000 to 112,000; if it falls below 109,600, it may test the support around 109,000 again. Overall, BTC remains bullish in the short term, but one should be wary of the risk of a pullback due to insufficient volume.
ETH (1.18% | Current Price 3,873

encryption market overview
According to CoinGecko data, from October 7 to October 20, 2025, the encryption market exhibited characteristics of structural adjustment and accelerated integration of infrastructure amidst dramatic fluctuations. In terms of market trends, BTC bottomed out at $102,100 on October 11 and then stopped falling, showing an overall pattern of "low-level consolidation and short-term rebound"; ETH rebounded from a low point of about $3,680 on October 13 to encounter resistance above $3,980.
In terms of the ecosystem, the number of new developers on Ethereum reached 16,181, continuing to hold the top position in the Web3 ecosystem, followed closely by Solana and Bitcoin, with developers continuing to concentrate on highly compatible and highly scalable public chains. The macro risk aversion atmosphere has driven the market capitalization of tokenized gold to rise to 3.28 billion USD, while stablecoins are in the market.

Abstract
1. BTC and ETH are oscillating in sync, market momentum continues to weaken, and overall sentiment has entered a wait-and-see phase.
2. Anza launched Jetstreamer, helping Solana developers achieve ultra-fast ledger transmission.
3. BlackRock BUIDL Fund expands deployment on Aptos, promoting the development of the RWA tokenization ecosystem.
4. Tesla made a profit of $80 million in Q3 from holding Bitcoin, with the value of digital assets rising to $1.3 billion.
5. Tempo announced on October 18 that it has completed a $500 million financing to accelerate the development of its high-performance payment public chain ecosystem.
Market Interpretation
Market Commentary
BTC Market —— BTC has been fluctuating in the range of $106,000–$112,000 after reaching its peak in early October, in the short term.

encryption asset panorama
BTC (+0.15% | Current Price 108,254 USDT)
Since the drop two weeks ago, Bitcoin has been struggling to regain momentum. In the past 24 hours, Bitcoin has fluctuated narrowly between the range of $108,488 and $107,824, with the MA5, MA10, and MA30 moving averages nearly converging, indicating that the market is in a period of directional decision-making. The 4-hour chart shows that Bitcoin is consolidating in the range of $108,000 to $116,000, slightly above the ascending trend line. This area has been tested multiple times, forming a short-term bottom, but the strength of the rebound is gradually weakening, reflecting the fatigue in buying momentum. From the daily perspective, Bitcoin is currently hovering around the lower edge of the ascending channel and the key support area of the 200-day moving average near $108,000. Overall, the current price reflects the hesitation of both bulls and bears in the market.

The market is following the CPI data for September and the manufacturing PMI data for October, expecting a slight decline in CPI but still at a high level, which will affect the policy direction of the interest rate meeting. At the same time, the implied volatility in the Options market is high, with short-term bearish demand dominating. The options feature of the Gate App is fully launched, enhancing trading flexibility.

In September, the market capitalization of Crypto Assets remained between 3.8 to 4.3 trillion USD, with stable funding but lacking new momentum. The activity of mainstream public chains was steady, and the Plasma public chain launched strongly, raising a total of 2.2 billion USD, focused on high-quality projects.

encryption asset panorama
BTC (-0.88% | Current price 108,386 USDT)
BTC has experienced a profit-taking pullback after a short-term rise, stabilizing around $108,000. The current price has seen a slight rebound but remains under pressure below the MA30. The short-term moving averages are turning downward and forming a death cross, indicating significant selling pressure above. Although the MACD lines are converging from a low position and the green bars are shortening, the momentum is slowing down but has not yet formed a clear golden cross. If it can break through $110,000 and hold steady, a further rebound to $112,500 can be expected; however, if it falls below the $108,000 support, it may retest the $106,000–$105,000 range.
ETH (-1.63% | Current Price 3,871 USDT)
ETH has retreated after being blocked near the short-term high point of $4,100, currently at

Crypto market panorama
BTC (-0.88% | Current price 108,386 USDT): After a short-term surge, BTC experienced profit-taking, stabilizing around 108,000 USD. The current price has rebounded slightly, but it remains under pressure below the MA30. The short-term moving averages are bending downwards and forming a death cross, indicating that selling pressure from above is still heavy. Although the MACD dual lines are converging from a low position and the green bars are shortening, indicating a slowdown in momentum, a clear golden cross has not yet formed. If it can break through 110,000 USD and maintain that level, a rebound to 112,500 USD can be expected; if it falls below the 108,000 USD support, it may retest the range of 106,000–105,000 USD.
ETH (-1.63%丨Current price 3,871 USDT): ETH retraced after being blocked near the short-term high of 4,100 US dollars, currently at 3,

Market Overview Highlights from Last Week
Alpha Juejin: BTC bottomed out at $102,100 on October 11, stopped falling, and began a gradual recovery trend, with the overall structure showing a pattern of "low-level consolidation → short-term rebound"; ETH rebounded from a low of about $3,680 on October 13, encountering short-term resistance above $3,980. Among altcoins, ENA surged over 15.09%, becoming the most eye-catching token; TAO and PAXG also recorded increases of 8.93% and 5.19% respectively, rising against the trend in the short term.
On-chain funds: The Starknet ecosystem is gradually recovering, launching Bitcoin staking, institutional onboarding, and a 100 million STRK incentive program centered around "BTCFi", TVL

crypto market panorama
BTC (+1.96% | Current price 110,160 USDT): In the past 24 hours, the crypto market has experienced a significant recovery, with the total market capitalization returning to approximately $3.87 trillion, an increase of about $150 billion in a single day. Bitcoin has broken through the $111,000 mark, rising nearly 2% during the day, with bullish sentiment clearly warming up. From a technical perspective, Bitcoin's daily K-line has recorded three consecutive bullish candles, and the MACD death cross is further narrowing, indicating that bearish momentum is weakening and bulls are gradually gaining the upper hand. The price has successfully broken through the 5-day moving average and has gained support near the 10-day moving average. If it can maintain its current position, it is expected to further open up upward space. Overall, this round of rebound is closely related to favorable macro news—the market expects that the two major global economies are likely to reach a fair trade agreement in the coming week, thus alleviating risk-averse sentiment. Bit.

Crypto market panorama
BTC (1.38% | Current Price 108,381 USDT): The price of BTC, after experiencing a significant drop around October 17, found temporary support near $103,500 and subsequently launched into a consolidation rebound. The short-term moving averages (MA5, MA10) achieved a golden cross upwards on October 19, driving the price to break through the $108,000 level, but faced some selling pressure in the $108,500–$109,000 region. On October 17, the net outflow of BTC ETF reached $366 million in a single day, with BlackRock's IBIT inflowing $268 million and Fidelity's FBTC outflowing $67.4 million.

encryption assets panorama
BTC (1.38% | Current Price 108,381 USDT)
The BTC price, after experiencing a significant drop around October 17, found temporary support near $103,500 and then began to rebound. The short-term moving averages (MA5, MA10) achieved a golden cross upwards on October 19, driving the price to break through the $108,000 level, but faced some selling pressure in the $108,500–$109,000 range.
The current price is running above MA30 (approximately $107,800), indicating that short-term bullish momentum is still present, but there is significant pressure above. If BTC can hold steady at $108,000 and regain its position above MA10 ($108,700), it is expected to continue the rebound to the previous high range of $110,000–1.

crypto market panorama
BTC (-1.87% | Current price 108,966 USDT): After experiencing a short-term correction, BTC stabilized around 108,000 USD, with the current price showing a slight rebound, but overall still under pressure below the MA30. Short-term moving averages are converging, indicating a temporary balance between bullish and bearish forces. Although the MACD dual lines are converging from a low position, a clear golden cross has not yet formed, and the momentum bars are gradually shortening, indicating that downward momentum is weakening but reversal signals are still insufficient. If BTC can break above 110,000 USD and maintain that level, it may open up rebound space to 112,500 USD; if it falls below the 108,000 USD support again, it may retest the 105,000–104,000 USD range.
ETH (-1.70% | Current price 3,935 USDT): ETH has been at a low of 3,900 dollars.

Abstract
1. After the liquidation market last week, Bitcoin experienced a rebound but has continued to weaken recently, with a volume drop of 9.13% over the past week.
2. Stablecoin inflow of $74 billion supports crypto liquidity during market downturn.
3. JustLend DAO TVL exceeded 7.82 billion USD.
4. Polymarket's on-chain activity has recently surged by 192%, with daily active wallets reaching 56,000.
5. The total supply of the stablecoin RLUSD on the Aave protocol has reached a historic high of 448 million.
6. In the past 24 hours, the entire network has experienced liquidations of $441 million, with long positions liquidated at $290 million and short positions liquidated at $151 million.
Market Interpretation
Market Commentary
BTC Market —— After experiencing last week's liquidation market, Bitcoin has.