Crypto market generally down despite good news (Oct 30) why?

ByJean-Michel October 31, 2025November 5, 2025

Bitcoin: A worrying correction… or an opportunity in disguise?

The last retreat of Bitcoin caught a large part of the market off guard. In the space of a month, the queen of cryptocurrencies lost nearly 5 % of its value, and this trend continues even as Halloween approaches.
Ironically, despite the positive macroeconomic signals — Fed announced cut in key interest rates and diplomatic meeting between Donald Trump and Xi Jinping -, THE Bitcoin price moves even further away from his ATH (All-Time High), evolving around 109 000 $ at the time of writing these lines.

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Crypto en baisse – A necessary correction before a potential rebound

Why such a fall when everything seemed aligned for a new bull cycle?
The technical data suggests that this Defeat is not an accident, but rather a healthy corrective movement, intended to purge excess optimism and to test the solidity of the most convinced holders.

The graphs confirm the formation of a new hollow, while certain key indicators — notably the RSI— do not endorse this retreat. This bullish divergence is often perceived as one of the most reliable signals of a trend reversal imminent.

Furthermore, a “inverted head and shoulders” figure” seems to be emerging. This chart pattern, well known to analysts, is renowned for announce the end of a corrective phase and the return of a bull market.
For this scenario to be confirmed, the area of 116 400 $ will be crucial: a closing price above this level could trigger a upward acceleration towards 130,000 $, according to several technical projections.
Behind the current volatility, the institutional investors would take advantage of this phase of doubt to repositioning before a recovery.

A "purge" of small aircraft before the next flight

The indicator NUPL (Net Unrealized Profit/Loss), which measures the overall level of unrealized profits, recently fell to 0,483, its lowest level in six months according to Glassnode.
This decline suggests that the market has eliminated weak hands The most nervous investors sold, making way for players capable of to maintain their positions even during periods of stress.

Direct consequence: The supply of Bitcoin available for sale is decreasing, thus creating a favorable context for a structural rebound.
The technical area between 111,000 and 111,400 $ something to keep a close eye on: it corresponds to a major accumulation point. If the price manages to overcome this resistance, the way would be clear to target a new ATH in the coming months.

Interpretation of the facts

Seasonal volatility, but an unprecedented configuration

Historically, the October is often marked by turmoil in the crypto market, before November does not mark record performances, according to data from CoinGlass.
The most cautious investors liquidate their positions before Halloween, while the “hodlers” and long-term profiles seize these opportunities to strengthen their portfolios at a reduced price.

Thus, far from a collapse, the current situation could be interpreted as a market update, necessary before the next upward impulse.
If the technical and macroeconomic signals continue to line up, a new bull run Before January 2026 remains a credible scenario.