Bitcoin News Update: Cryptocurrency's Unsteady Recovery: Federal Reserve Indications, $5.9 Billion Expiration, and Global Political Uncertainties

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Bitget-RWA2025/10/24 14:56

By:Bitget-RWA

- Bitcoin's $108,000 level reflects fragile gains amid Fed crypto payment plans and Canada's 2.4% inflation data, though structural risks like $5.9B expiring options persist. - Institutional demand drives $20.33M Bitcoin ETF inflows led by BlackRock, contrasting with Ethereum's $128M outflows as investors hedge ahead of key economic data. - Market fragility evident in 23% Bitcoin futures open interest drop and $12.98B liquidation risk, compounded by U.S.-China tensions and Middle East conflicts. - Analysts

Bitcoin’s latest price fluctuations underscore the ongoing tension between positive macroeconomic signals and the inherent instability of the crypto sector. Recent softer inflation numbers from Canada, as noted in

a Times of India report

, along with indications from the Federal Reserve about possible access to crypto payment systems, as covered by

Benzinga

, have temporarily boosted digital currencies. Still, experts caution that underlying threats—such as $5.9 billion in options set to expire and ongoing global trade disputes—continue to weigh heavily on the market.

The Federal Reserve’s recent statement about considering payment accounts for crypto companies triggered a short-lived rally in

Bitcoin

, which climbed to $114,000 before pulling back to $108,000. This, combined with Canada’s annual inflation rate of 2.4% (mainly due to rising food and housing expenses), has contributed to a “soft landing” narrative for risk assets. However, core inflation metrics like the CPI-median at 3.2% indicate that price pressures remain, according to both the Times of India and Benzinga.

Interest from major investors in Bitcoin is still robust, with spot ETFs seeing $20.33 million in new investments, led by BlackRock’s

IBIT

, which alone attracted $108 million, according to a

CoinGabbar report

Hyperscale Data

(NYSE: GPUS), a company increasingly focused on crypto infrastructure, now holds a Bitcoin reserve worth $60 million—representing 66% of its total market value—per

a Seeking Alpha report

. In contrast,

Ethereum

is experiencing a different trend, with spot ETFs seeing $128 million in withdrawals as investors lock in gains ahead of important economic updates, as highlighted by CoinGabbar.

Key market indicators reveal the current rally’s vulnerability: open interest in Bitcoin futures has dropped 23% to $72 billion from a high of $94 billion, signaling a move away from risk amid U.S.-China trade friction and unrest in the Middle East, according to FXStreet. Additionally, $12.98 billion in Bitcoin positions could be liquidated if prices swing by 10%, based on trader insights cited by Benzinga.

Expert opinions remain split. “Technically, bulls have the upper hand, but sentiment can change quickly,” said Daan Crypto Trades, pointing to Bitcoin’s range between $107,000 and $112,000. Another trader, Ted Pillows, mentioned that the “max pain” scenario could lead to a bullish breakout, but stressed that upcoming U.S. CPI data (forecast at 3.1%) and the Federal Reserve’s November meeting will be crucial.

The relationship between macroeconomic trends and institutional moves creates a complex environment. While Canadian inflation figures and Fed signals suggest a possible easing of monetary policy, the market is still constrained by geopolitical uncertainties and the looming expiration of $5.9 billion in options, which could heighten short-term volatility, as previously reported by the Times of India and Benzinga. At present, whether Bitcoin can stay above $110,000 will be a key factor in determining if this surge is the start of a lasting recovery or just a setup for a deeper pullback.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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