{"id":52781,"date":"2025-10-14T14:01:48","date_gmt":"2025-10-14T14:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52781"},"modified":"2025-10-14T14:01:48","modified_gmt":"2025-10-14T14:01:48","slug":"crypto-markets-today-bitcoin-tests-key-support-as-bullish-optimism-fades","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52781","title":{"rendered":"Crypto Markets Today: Bitcoin Tests Key Support as Bullish Optimism Fades"},"content":{"rendered":"<div>\n<p>Bitcoin is trading at $111,000 on Tuesday as it clings on to the critical level $110,000 level of support.<\/p>\n<p>The world&#8217;s largest cryptocurrency has struggled to to recover from a weekend sell-off that saw it tumble from $121,000 to $110,000, wiping out $500 billion in terms of overal crypto market cap.<\/p>\n<p>Altcoins have performed even worse of late; plasma (XPL) is down by 58% in a week while FET, OP and ETHFI all lost more than 35% of their value respectively.<\/p>\n<h2><strong>Derivatives Positioning<\/strong><\/h2>\n<ul>\n<li>The BTC futures market appears to be stabilizing following its recent volatility. Open interest has settled around $25.5 billion, showing no major change from yesterday after the weekend&#8217;s significant drop. The 3-month annualized basis is now trading in a lower range of 5-6%, a drop from its earlier rebound and indicating a slight cooling of bullish sentiment. A key divergence remains in funding rates, with Bybit&#8217;s rate turning negative at -5%, while Hyperliquid&#8217;s remains positive at 10%. This suggests a mixed and complex market sentiment, with strong but isolated long and short conviction across different platforms.<\/li>\n<li>The BTC options market is showing a significant bullish acceleration. The 24-hour Put\/Call Volume is now roughly balanced at a 50-50 split, a shift from being call-dominated, while the 1-week 25 Delta Skew has spiked dramatically to 12.62%. This high positive skew indicates a substantial premium for call options over puts, showing that traders are aggressively positioning for upside price action and are willing to pay a premium for bullish exposure.<\/li>\n<li>Coinglass data shows $627 million in 24 hour liquidations, with a 70-30 split between longs and shorts. ETH ($185 million), BTC ($125 million) and Others ($69 million) were the leaders in terms of notional liquidations. Binance liquidation heatmap indicates $110,600 as a core liquidation level to monitor, in case of a price drop.<\/li>\n<\/ul>\n<h2><strong>Token Talk<\/strong><\/h2>\n<p>By Oliver Knight<\/p>\n<ul>\n<li>Plasma <a href=\"https:\/\/www.coindesk.com\/price\/plasma\">XPL$0.4163<\/a> fell another 13.5% on Tuesday, extending its losses to 52% since debuting in late September.<\/li>\n<li>The stablecoin-focused layer-1 blockchain faces skepticism over its tokenomics and large \u201cecosystem &amp; growth\u201d allocations.<\/li>\n<li>Circulating supply stands at 1.8 billion against a total of 10 billion, pointing to years of potential sell pressure as vested tokens unlock.<\/li>\n<li>Tokens were sold in the public round at $0.05 each, leaving ICO buyers comfortably in profit at current prices of around $0.41.<\/li>\n<li>Investors who bought after exchange listings are facing steep losses amid weak market sentiment.<\/li>\n<li>Analysts expect continued downward pressure once early investor tokens become fully liquid, <a href=\"https:\/\/icodrops.com\/plasma\/\">ICOdrops<\/a> data shows a major unlock will occur in Q2 of 2026.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is trading at $111,000 on Tuesday as it clings on to the critical level $110,000 level of support. The world&#8217;s largest cryptocurrency has struggled to to recover from a weekend sell-off that saw it tumble from $121,000 to $110,000, wiping out $500 billion in terms of overal crypto market cap. Altcoins have performed even [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52781","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52781"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52781\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}