Weekend Pattern: Bitcoin gained on Sunday, bringing renewed attention to a recent trend where Sunday moves have often reversed direction on Monday. Technical Warning: TD Sequential sell signals appeared on BTC, Ethereum, and Solana, with previous signals historically followed by short-term corrections.
It was also the second-biggest completed this year.
Bitcoin (BTC) is showing renewed bullish momentum after reclaiming a key long-term market indicator, with BTC holding above $85,000 after breaking through a major seller wall. Notably, the crypto asset climbed to $87,096 on October 2, its highest level since September 23, before pulling back slightly.
Metaplanet revealed a revised capital allocation framework proposing to allocate as much as 15% of total assets to strategic investments to fund its Bitcoin accumulation.
Spot Bitcoin ETFs are gaining traction, netting another positive week despite altcoin stumbles and mid-week price shocks. Institutional investors' confidence is back in the market, and bulls look to capitalize on the momentum to break price levels in coming months.
Partners Banka has reportedly become the first bank in the Czech Republic to let customers buy and sell bitcoin in its own mobile banking app, after partnering with the domestic crypto firm Anycoin to handle trades and custody.
Rating agencies ask if a Bitcoin company will actually sell when obligations fall due. "We answered by doing it," said CEO Simon Gerovich.
The increased Bitcoin holdings may enhance Strategy's market influence but also heighten exposure to cryptocurrency volatility risks. Strategy buys 334 Bitcoin as holdings hit 848,000 BTC.
The largest short-term shifts appeared among medium-sized wallets. The analysis does not show that alerts caused trading or that following large wallets was profitable.
The study highlights potential market inefficiencies and behavioral biases among small traders, impacting Bitcoin's volatility and market dynamics. Philadelphia Fed study finds small Bitcoin traders move fast after whale alerts.
Metaplanet sold 10,000 BTC and subsequently bought 11,000 BTC during the third quarter, using the unusual round trip to demonstrate that its bitcoin treasury can be converted into cash when needed.
The SEC approved Cboe BZX listings for 3x Bitcoin and Ether products from Volatility Shares, giving traders triple daily exposure through futures.