Bitcoin Retreats as Solana Faces Setbacks and MoonBull Becomes November’s Leading Crypto Choice
In late October, Bitcoin (BTC) encountered renewed selling, pulling back from its recent high of $116,000 as market sentiment shifted. After briefly surpassing $116,000 on October 28, 2025, Bitcoin settled at $114,205 as traders adjusted their portfolios ahead of the Federal Reserve’s upcoming policy decision. Experts pointed to cautious investor behavior, with the Fear & Greed Index remaining “neutral” and on-chain data showing miner holdings stabilizing, according to a
CryptoDaily analysis
. At the same time,
Solana
(SOL) experienced a steep decline, falling to $182 after Jump Crypto, an institutional trading firm, exchanged $205 million worth of
SOL
for
Bitcoin
, causing a 6% drop within the day, as reported by
CoinMarketCap report
.
The sell-off in Solana highlighted the volatility across altcoins, with
Ethereum
(ETH) and
Aptos
(APT) also seeing price drops. Derivatives data pointed to a bearish outlook, as open interest in Solana futures climbed 2.28% to $10.32 billion and short positions dominated, according to an
InvestorEmpires report
. The shift—converting 1.1 million SOL into 2,455 BTC—sparked debate about risk management ahead of possible U.S.-China trade friction. Despite the decline, CryptoDaily noted Solana’s market cap remained above $100 billion, supported by recent U.S. spot ETF approvals and network improvements like Alpenglow.