Bitcoin retests $106K

DAILY MARKET OVERVIEW

Will This Rally Hold?

👋 Hey, Crypto Enthusiasts! The market has finally turned green over the weekend, but it’s still unclear whether this is the start of something bigger or just temporary relief.

🐂 Bitcoin has climbed back to retest the $106K level it lost last week, while altcoins are also showing decent recovery. The question is whether this can hold or if we’re looking at another fakeout.

One major driver seems to be the improving sentiment around the potential end of the U.S. government shutdown. President Donald Trump told reporters Sunday that a deal has been reached in the Senate to fund the government through January 30, and Polymarket bettors now give an 85% chance the shutdown ends this week. The market is taking that as bullish for risk assets, including crypto.

On top of that, Trump once again mentioned $2,000 stimulus “dividends” for Americans, supposedly funded by tariff revenue. His post added fuel to the move as traders speculated it could boost retail liquidity and altcoin flows.

However, Treasury Secretary Scott Bessent later clarified that the payments may come in different forms, potentially as tax cuts instead of direct checks, which would make the impact less immediate for markets.

⚖️ With that, the overall picture remains mixed. The relief rally could extend if Bitcoin breaks and holds above $106K, potentially pulling alts higher too. But if BTC fails to hold that level, we could easily roll back down once the news-driven excitement fades.

For now, sentiment has improved, but the market remains fragile. It’s best to stay cautious and avoid taking on large positions until Bitcoin confirms strength above resistance.

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SOCIAL SENTIMENT

🤔 Belief Is Back?

The past few weeks have been brutal, slow bleed, low conviction, and endless chop. But recently, something shifted.

ZEC showed that pumps can still happen. It 10x’d in six weeks showing that it’s still possible. That same mindset could easily rotate into the next real project with utility and staying power.

We are currently looking at Uniswap (UNI).

Why UNI Looks Good Here

1. Technical momentum building
UNI’s chart is quietly setting up for a reversal:

• Weekly close turning bullish

• RSI flattening at the bottom

• Spot volume increasing

If the broader market holds up, the setup points toward an accumulation phase ready to break higher.

2. Fundamentals still unmatched
Uniswap remains the backbone of on-chain trading:

• ~$145B in monthly volume

• ~$2.8B in annualized fees

• ~$5B TVL

• ~$2.5B+ DAO treasury

The protocol is generating real revenue, yet UNI holders don’t capture any of it.

Right now, UNI is just a governance token. But the DAO can enable the “fee switch,” redirecting a portion of protocol revenue to token holders.

For years, legal uncertainty kept that off the table. That’s changing fast. The new DUNA legal framework in Wyoming gives the DAO a compliant path to turn on value accrual.

If that narrative starts building, UNI could reprice quickly.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Bitwise Solana ETF Attracts $545 Million Despite Market Drop
Bitwise’s Solana ETF has pulled in $545M in net inflows since launch, showing strong investor demand even as Bitcoin and Ethereum funds see major outflows.

Bank of England Proposes Stablecoin Rules with Holding Limits
The Bank of England outlined new rules for “systemic” GBP stablecoins, including strict backing requirements and temporary holding caps to ensure financial stability.

Japan Plans to Regulate Crypto Custody Providers After Major Hack
Japan’s FSA may require crypto custodians to register with regulators after a $312M hack, aiming to tighten oversight and improve exchange security.

DTCC Lists Five Spot XRP ETFs Ahead of Possible November Launch
Five spot XRP ETFs from major issuers appear on DTCC’s active list, signaling imminent approval and possible mid-November launches under new SEC rules.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Bitcoin Reclaims the 50 Week Moving Average (10.11.2025 Summary)

Benjamin Cowen breaks down the latest market structure, with Bitcoin managing to stay above its 50-week moving average. While that's a bullish signal short-term, he warns not to get overly excited - a deeper pullback could still be coming in 2026, even if BTC hits new highs before then.

Cowen’s Outlook – Key Points

• BTC Holds Key Support – Bitcoin bounced from $98K to $106K and remains above the 50-week moving average, a positive sign for now.

• No Crystal Ball – Cowen emphasizes the uncertainty of indicators. Time-based metrics suggest limited upside, while sentiment tools still leave room for a top.

• Possible 2026 Dip Ahead – Even if BTC rallies further, he expects a 2026 correction - not an 80% crash, but potentially a 50% decline from the next peak.

• Altcoin Warning – Cowen remains cautious on alts. Dominance is up 8 weeks in a row, and historical patterns suggest they’ll bleed back to Bitcoin after any relief bounce.

• Long-Term Cycle Still Intact – He believes the four-year cycle is playing out, but this version may include a softer, delayed drawdown.

Final Takeaway
Cowen is cautiously bullish short-term but preparing for a healthy correction in 2026. Bitcoin remains the focus - not altcoins.

CoinBureau – What's Next For Crypto In Q4? Report Reveals All! (10.11.2025 Summary)

Guy from Coin Bureau breaks down Coinbase Institutional’s Q4 crypto report. While the data points to a bullish bias, especially for Bitcoin and Ethereum, macro risks and market fragmentation still weigh heavily on sentiment.

Guy’s Outlook – Key Points

• Institutions Lean Bullish – 67% of surveyed pros see BTC hitting $130K+ within 6 months, though many believe we’re in a late-stage bull market.

• Macro Still the Main Threat – Inflation, unemployment, and policy shifts top the list of tail risks, keeping positioning cautious despite positive sentiment.

• Spot ETFs Are Now Infrastructure – ETFs are bullish but no longer seen as market-moving catalysts. Demand continues, especially for ETH ETFs which outpaced BTC inflows in Q3.

• Rotation Into Alts Begins – BTC dominance fell while ETH and SOL gained share, but Coinbase stops short of calling it an altseason.

• Key Growth Areas – Real-world assets (RWAs), prediction markets, and digital asset treasuries (DATs) show strong momentum.

• ETH Shines in Usage and Derivatives – ETH staking is rising, L2 adoption is growing, and ETH derivatives saw major Q3 volume spikes.

Final Takeaway
Q4 looks positive but not euphoric. Institutions are positioned carefully, altcoins are gaining traction, and ETH is starting to lead in narrative and demand.

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When it Finally Turns Green

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