Bitcoin rebounded to $113,000 for the first time since the $20 billion market crash that hit crypto on October 10

Bitcoin has pushed past $113,000 for the first time since the massive weekend crash that wrecked nearly $20 billion from the crypto market, according to data from ￰0￱ tiny rally comes after days of chop between $108K and $111K, with no direction and low ￰1￱ Tuesday, the world’s largest crypto asset bounced after a sluggish session, reclaiming some ground in what’s been a brutal two-week period for digital ￰2￱ also inched higher, clearing $4,100 as buyers slowly ￰3￱ violent October 10 dump, the largest single-day liquidation in crypto history, flushed out speculators across the ￰4￱ hasn’t moved much ￰5￱ crash deeper as risk appetite vanishes A market cap-weighted index tracking the 50 smallest tokens, including meme names like Pump.

fun, now trades at levels below 2022’s FTX-era ￰6￱ traded and largely held by retail, these digital assets act as early indicators of marginal risk ￰7￱ coins are mostly held by ￰8￱ trade ￰9￱ when they dump this hard, it shows no one’s willing to gamble ￰10￱ has managed to hold above $100K, but that’s not saying much. It’s still far off its highs from a few weeks ￰11￱ recent plunge wiped out leverage in perpetual futures, forcing liquidations across centralized platforms like ￰12￱ the collateral dropped, the risk engines kicked in, and positions got ￰13￱ entire structure cracked under the weight of its own leverage. Meanwhile, precious metals didn’t hold up ￰14￱ and silver, which had both been posting new all-time highs all year, dropped on Tuesday as ￰15￱ though the drivers may differ, the pain across asset classes hints at fatigue from the year’s most overcrowded ￰16￱ bleed, futures frozen, and options scream protection BlackRock’s iShares Bitcoin ETF , which holds $88 billion in assets as of press time, saw over $400 million in outflows over the past five sessions, breaking a 10-day inflow ￰17￱ Ethereum twin, ETHA, lost more than $260 million in two days.

Meanwhile, perpetual futures, the most-used product for leveraged Bitcoin trading, have seen average funding rates stay negative for a full week, based on analysis by K33 ￰18￱ means short sellers are paying to keep their bets ￰19￱ one’s going ￰20￱ interest is still ￰21￱ the options market is showing the same ￰22￱ aren’t betting on big moves. Instead, they’re loading up on puts, especially at the $100K ￰23￱ said :- “Long-term holder supply has declined by another 28K BTC since October 15th, meaning LTHs have spent more coins than what was aging into their cohort from short-term holders” And while crypto’s frozen, stocks are on ￰24￱ Dow Jones Industrial Average jumped 218.16 points, closing at 46,924.74 on ￰25￱ briefly pushed past 47,000 during the ￰26￱ S&P 500 closed almost flat at 6,735.35, while the Nasdaq Composite dropped by 0.16% to end at 22,953.67.

All eyes are now on Friday’s inflation report. A hotter-than-expected CPI print could trigger new selling across both crypto and traditional ￰27￱ leverage gone and retail skittish, any real move in Bitcoin might come from emotions, not conviction. “Broad bearish bias, risk appetite has done a complete 180 since Oct 10,” said Vetle Lunde, head of research at K33. “This harmonizes with typical post mass-liquidation reactions in BTC, i.

e., anemic consolidations and low interest, then growing short interest.” Get $50 free to trade crypto when you sign up to Bybit now