Overview
- Bitcoin fell to about $106,400 and broke the 200-day simple moving average near $109,380 as the dollar strengthened, with a U.S.–China trade truce failing to lift risk assets.
- U.S. spot Bitcoin ETFs logged roughly $470.7 million in net outflows on Oct. 29 with zero inflows across all funds, reversing a recent streak of deposits as trading volumes jumped.
- Roughly $1 billion in crypto positions were liquidated over 24 hours, largely long bets, including about $424 million tied to Bitcoin and a single $21.4 million BTC-USD wipeout on Hyperliquid.
- On-chain activity showed SpaceX moved 281 BTC to a new wallet, its third transfer in 10 days, while metrics such as ASOL indicate long-term holders are not engaging in broad panic selling.
- Analysts say reclaiming roughly $113,000–$115,000 would stabilize the setup, with downside risk flagged toward $104,000–$106,000 if current supports give way into the weekly close.