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Bitcoin Is At Trend Support

Summary Bitcoin is maintained at `hold` as technicals weaken and post-liquidation risks rise after a significant $19B open interest decline. BTC faces headwinds: slowing on-chain growth, ETF-driven speculation, and capital flows increasingly favoring Ethereum over BTC. Strategy buying has slowed, and historical data suggests large open interest declines precede negative BTC returns this late in a halving cycle. While BTC`s first-mover advantage remains, I am reducing exposure, believing the halving cycle top may be in and further downside risk persists. After what had been a truly terrific 500% rise since the start of 2023, I turned considerably more cautious on Bitcoin ( BTC-USD ) in July and downgraded the coin to a `hold.` I reiterated the asset as a `hold` through coverage of the ProShares Bitcoin Strategy ETF (NYSEARCA: BITO ) in August and again through the Franklin Bitcoin ETF (BATS: EZBC ) in September - each time, taking a slightly different angle in my coverage. Data by YCharts After several months of chop, it appeared as though Bitcoin was ready for smooth sailing following a breakout to a nominal new all time high earlier in October. That breakout is proving to be a fake-out so far. As of article submission, Bitcoin is currently hanging on to support near $107k per coin after knifing through its 200 day moving average early in the October 17th session. Recapping The Summer Downgrade My primary concerns when I downgraded Bitcoin to a `hold` in July could best be summed up into three main points: Lack of on-chain usage growth, "adoption" through ETF speculation Proliferation of DATs reminiscent of the `Blockchain` mania in 2017 Capital flows generally shifting to Ethereum ( ETH-USD ) over Bitcoin As I see it, on-chain data continues to favor Ethereum over Bitcoin on several levels. First, the daily active user trend for Ethereum is positive, while Bitcoin peaked two years ago. 10 yr avg DAA Trend (Artemis) September was the second month where Ethereum bested Bitcoin by average DAAs - and this notably doesn`t include L2 networks or scaling chains, where ETH has a significant advantage over BTC. Transactions favor ETH, and valuation does as well: 30 Day avg NVT ratio (CoinMetrics) Despite Bitcoin retaking the lead in dollar-denominated transferred value from Ethereum in September, at current prices investors are paying more than a 3x premium for Bitcoin`s network when measured by the 30-day average NVT ratio. From a capital flow standpoint, Bitcoin has had a significant resurgence against ETH in recent weeks: Asset (mil) MTD Flows YTD Flows AUM Bitcoin $5,128 $30,212 $188,694 Ethereum $1,071 $13,998 $36,456 Multi-asset -$51.6 -$49 $7,684 Solana $196.1 $2,670 $4,795 XRP -$50.9 $1,889 $2,941 Total* $6,343 $48,715 $242,503 BTC Dominance 80.8% 62.0% 77.8% ETH Dominance 16.9% 28.7% 15.0% Source: CoinShares, Bloomberg, through October 10th, *includes assets not shown in the table So far through the first third of October, Bitcoin dominance in the capital flow game is better than 80%. At one point this summer, ETH dominance in YTD capital flows hit 34%; significant because ETH`s real dominance ratio by market cap has been more range-bound between 12-15%. Still, at 28.7% year-to date flow dominance, Ethereum has been punching well above its weight this year. Again, Bitcoin is admittedly off to a better start in October. But when we look at fresher data from Farside, the reaction following the October 10th liquidation event has been to de-risk BTC to a larger degree: $ in millions BTC ETF Flows ETH ETF Flows 13 Oct 2025 -$326.4 -$428.5 14 Oct 2025 $102.7 $236.2 15 Oct 2025 -$104.1 $169.6 16 Oct 2025 -$530.9 -$56.8 Weekly total -$858.7 -$79.5 Source: Farside Investors Through Thursday October 16th, nearly $860 million has come out of Bitcoin investment products this week. It`s less than $100 million for Ethereum. But the larger point is, as quickly as this liquidity can bid the price up, so too can it take the price down if investors shift to a risk-off sentiment. The other thing to consider is Bitcoin`s whale buyer has all but stopped purchasing through October: Strategy BTC Purchase Timeline (Strategy Data, Analyst`s Chart) Through the first two weeks of October, Strategy`s ( MSTR )( STRF ) Bitcoin acquisitions have totaled just $27 million. Although the company has an ability to raise capital for BTC purchased through its various preferred stock ATMs, more than 89% of the capital raised to buy BTC has come from the common stock ATM since company started selling preferred stocks in March. With basic mNAV compression progressively deteriorating from 2 to 1.18 since November, Strategy`s easy road to BTC buys is running out of ground as every buy with preferred share capital creates a perpetual liability. Open Interest And The Liquidation Event I briefly mentioned the October 10th event in the prior section. During that liquidation, Bitcoin open interest declined from $90.2 billion to $70.5 billion in a single day. And in that major market deleveraging, Bitcoin saw a $20k high-to-low candle on numerous major exchanges, including Kraken, which actually experienced a $22k single-day drawdown. While the coin had indeed bounced off lows and even tested $116k shortly thereafter, a major liquidation of this magnitude can certainly have an impact on BTC price further out. For the benefit of comparison, I`d like to show 1, 2, and 3-month returns for BTC following a few other single-day open interest meltdowns in what I`m calling the institutional post-COVID era: Post-COVID Meltdowns May 19th 2021 September 7th 2021 December 4th 2021 BTC OI Decline $4.9b $4.4b $6.1b BTC Price $37,341 $46,778 $48,204 1m Change -3.3% 15.4% -4.9% 2mo Change -17.5% 44.5% -14.2% 3mo Change 25.21% 10.48% -18.85% Source: CoinGlass To be clear, I`m tracking large declines in open interest, not single-day price declines. What this shows is the potential connection between significant declines in OI relative to how BTC performs shortly after. This table suggests that large declines in OI over a single day lead to mixed returns over the next several months. My assumption is the poor performance following the December 4th, 2021 OI decline is simply due to where Bitcoin was in its halving cycle. BTC Monthly Chart (TrendSpider) Unless we`re of the view that halving cycle theory is no longer relevant, I`d say Q4 2025 is about the time to be lightening up exposures. Given the liquidation even on October 10th, the nearly $20 billion single day decline in Bitcoin open interest, and our current position in the four year halving cycle, I suspect returns over the following few months will be more similar to the December 4th, 2021 returns than the other two examples. Of course, there is a very real possibility that Bitcoin is simply testing long term trend support and will rebound from current levels. I`d be remiss if I did not mention that the 12 month MA has served as trendline support 3 times over the course of the last 15 months, and BTC just tagged that line again through Kraken. But the counter to that point would be that as each cycle progresses, Bitcoin builds more bearish RSI divergences. We can see this from the 2017 through 2025 cycles as well as from February 2024 to today. Closing Takeaways I want to be very clear; I still own Bitcoin. I`m still long BTC because I believe there remains a possibility that it can serve as a useful cross-border settlement asset. I do believe it will have a lot of competition there, with tokenized Gold ( XAUUSD:CUR ) on networks like Ethereum being a very formidable foe for Bitcoin`s `Digital Gold` narrative. Still, Bitcoin has something that no other digital asset has; first-mover advantage. And there`s a lot of sticky value in that. However, none of this means I think Bitcoin is screaming `buy` today. In fact, I`m becoming even more convinced that we`ve seen the top for this halving cycle already. From where I sit, the technicals aren`t great, and the cycle is getting ripe. And purely speculating here, I suspect there is far more damage from the $19 billion liquidation event on October 10th than is currently understood. When Terra Luna collapsed in May 2022, it took 6 more months to figure out who all of the counterparty casualties were. The post-Luna period turned out to not be a good time to be long BTC, looking out the next 12-18 months. I have reduced my exposure to BTC through both the ETFs and the mining stocks. CoinOtag

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Bitcoin Flash Crash Shakes Market — Solana and Ethereum Hold Strong as Top Buy Targets

A sharp Bitcoin flash crash sent ripples through crypto markets, sparking panic and profit-taking. Prices briefly plunged before stabilizing, with traders closely watching Solana and Ethereum as they held firm through the turbulence. Both coins continue to feature heavily in analyst discussions around the best crypto to buy now for the next cycle. In the midst of this volatility, MAGACOIN FINANCE is drawing fresh attention as a rising star gaining traction. Bitcoin Flash Crash and Its Market Shock The sudden Bitcoin flash crash saw prices tumble from $111,000 to as low as $103,000 before clawing back to $106,000. This steep swing was amplified by reports of major institutions — BlackRock, Binance, and Coinbase — unloading over $1.1 billion worth of BTC within just six hours. BTC price analysis Key updates fueling uncertainty include: Captain Faibik warning of a 50% bearish correction in the midterm. Crypto Patel highlighting a steep drop in the ALTSEASON index from 80 → 45. Arthur Hayes suggesting BTC is “on sale,” urging investors to prepare shopping lists. While Bitcoin market crash news spooked many, it also underscored a familiar trend: sharp corrections often precede new cycles of accumulation. For investors eyeing the top crypto buy targets , these crashes tend to highlight entry points rather than long-term weakness. The discussion has already shifted toward top altcoins to buy after Bitcoin crash, with Solana and Ethereum leading the list. Solana Price Prediction 2025 — Strength After the Dip Solana has proven resilient, bouncing back above $180 after briefly dipping under that level. This recovery comes in spite of concerns around treasury outflows and institutional selling pressure flagged by analysts like Ted and CryptoBullet. SOL price analysis Reasons Solana price prediction for 2025 remains strong include: SEC approval of the Solana Spot ETF , which many believe could spark long-term demand. Analysts noting Solana’s ecosystem growth even with temporary treasury weaknesses. Historic patterns showing that Ethereum and Solana resilience after Bitcoin dip has often paved the way for new highs. While traders debate whether Solana faces further downside in the short term, long-term investors continue to include it in best cryptos for 2025 bull run lists. For many, it remains one of the top altcoin buy targets for long-term ROI despite near-term headwinds. Ethereum Price Prediction 2025 — A Market Giant Holding Firm Ethereum has remained steady, recovering to $3,800 after slipping to $3,600 during the sell-off. The network continues to command institutional confidence, with BlackRock reportedly rotating $28.36M out of BTC and $45.47M into ETH . ETH price analysis Analyst-driven signals supporting Ethereum price prediction 2025 include: Huobi founder Li Lin announcing a $1 billion ETH-focused treasury . Ongoing whale accumulation pointing toward ETH’s central role in analyst crypto buy targets lists. Ethereum’s DeFi and smart contract dominance reinforcing it as the best crypto to buy now after Bitcoin crash . Though Captain Faibik projects a potential 30% bearish rally, Ethereum’s track record of bouncing back after corrections is clear. Many traders view it as one of the top crypto buy targets for the next rotation, especially with institutional capital shifting directly into ETH. MAGACOIN FINANCE — Rising Altcoin in the Post-Crash Rebound While Solana and Ethereum dominate mainstream chatter, MAGACOIN FINANCE has quietly gained momentum during the recent shake-up. Early sales have moved quickly, with whales accumulating millions as recognition spreads. What sets MAGACOIN FINANCE apart is: Surging demand that sees prices move higher every few hours. Growing recognition from analysts pointing to strong ROI potential. A positioning as one of the best cryptos for 2025 bull run , alongside the majors. Investors scanning the market for Solana and Ethereum emerge as top buy targets are also noting MAGACOIN FINANCE as a breakout candidate. With Bitcoin’s flash crash still fresh, diversification into newer assets with momentum has become a strategy that many are following. Final Thoughts — Positioning for the Next Wave The Bitcoin flash crash shakes crypto market narrative may dominate headlines, but underneath, resilience is clear. Solana and Ethereum continue to hold ground, with price predictions for 2025 signaling upside once the current selling pressure cools. Analysts remain focused on top altcoins to buy after Bitcoin crash , and MAGACOIN FINANCE is now joining that conversation. For investors evaluating the best crypto to buy now, the next cycle may well be defined by established leaders like Ethereum and Solana — but also by rising players such as MAGACOIN FINANCE. The balance between proven assets and fresh contenders could shape portfolios well into the next bull run. FAQs Q1: What caused the Bitcoin flash crash? Heavy institutional selling from BlackRock, Binance, and Coinbase triggered the sharp drop, leading to over $1.1 billion in BTC liquidations. Q2: Is Solana still considered a strong buy? Yes, Solana price prediction for 2025 remains bullish, supported by ETF approval and ecosystem expansion, even if short-term downside pressure lingers. Q3: Why is Ethereum seen as one of the best cryptos for 2025 bull run? Institutional support, major treasury allocations, and its dominance in DeFi make Ethereum price prediction 2025 particularly strong. Q4: What makes MAGACOIN FINANCE different from other projects? Rapid early adoption, whale interest, and growing recognition position MAGACOIN FINANCE as one of the top crypto buy targets alongside established giants. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Bitcoin Flash Crash Shakes Market — Solana and Ethereum Hold Strong as Top Buy Targets appeared first on Times Tabloid . CoinOtag