Cryptocurrency markets continue to push higher after the Federal Reserve's rate cut amid the launch of new altcoin ETFs.
Notable Statistics:
- Coinglass data shows 105,119 traders were liquidated in the past 24 hours for $336.51 million.
- SoSoValue data shows net outflows of $51.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $1.9 million.
- In the past 24 hours, top gainers include Aster (CRYPTO: ASTER), Immutable (CRYPTO: IMX) and Avalanche (CRYPTO: AVAX).
Notable Developments:
- Bitcoin Rallies 2% As Analyst Outlines Q4 Ethereum, Solana, Dogecoin ‘Altcoin Season’ Roadmap
- Michael Saylor: Ignore ‘The Critics And The Whiners’ — Bitcoin Is ‘Digital Capital’ Fueling A Rebuild Of Finance
- Dogecoin, XRP Spot ETFs See Record First-Hour Trading Volumes As SEC Announces New Listing Standards
- Franklin Templeton, Ripple Join Forces To Launch Tokenized Money Market Funds For Accredited Investors Of This Asian Banking Giant
- Trump-Backed World Liberty Financial Backs Winklevoss Twins-Led PAC That Wants To Make America World’s Crypto Capital
- Shiba Inu Confirms Hack Losses At $4 Million, Offers Attacker A Deal: ‘Full Post Mortem Report’ To Follow
Trader Notes: Walter Bloomberg said Bitcoin is hovering near $117,800, with analysts assigning a 70% chance of new highs in the next two weeks.
He noted ETF inflows of $2.8 billion since Sep. 9, with bullish futures supporting the outlook, while liquidity near $114,000 could trigger pullbacks. A close above $117,500 would confirm a breakout and reduce downside risk.
Castillo Trading highlighted that bearish calls around $107,000–$108,000 were way off, with Bitcoin now on track toward the upper limit and new all-time highs.
CW pointed out that Bitcoin's last major sell wall stands at $119,000–$121,000.
Jelle added that Bitcoin is flipping resistance into support, with momentum building since early September. He predicts the price will move "slow and steady to new highs."
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