$BTC has fully reclaimed the $114,000 support zone. Now, Bitcoin needs to reclaim the $118,000 zone, and a new ATH could happen in 1-2 weeks.
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Bitcoin price tops $116K on macro optimism, VIRTUAL leads altcoins with 22% rally
Oct, 27, 2025
8 min read
by Rony Roy
for Invezz
Momentum returned to crypto markets today, briefly lifting Bitcoin price above $116,000 as overall macro sentiment showed signs of improvement.
The total crypto market capitalisation climbed past the $4 trillion mark for the first time in nearly two weeks, before settling near $3.9 trillion at the time of writing.
Bitcoin’s rebound helped reignite risk appetite across digital assets, with the Crypto Fear and Greed Index jumping 11 points to 51, moving out of fear and into neutral territory.
Altcoins, however, saw limited movement.
A few low-cap tokens and select names in the top 100 posted modest rallies, but the majority of leading coins remained in recovery mode following losses over the weekend.
Why is Bitcoin price up today?
Bitcoin price hit an intraday high of $116,032 after rallying over 6 percent from weekend lows around $109,000, mainly driven by improving macroeconomic conditions and renewed hopes of a breakthrough in United States–China trade relations.
The latest round of negotiations between the two countries appears to have yielded significant progress, with both sides reportedly reaching common ground on key issues during recent talks in Malaysia.
In a joint statement, US and Chinese officials confirmed that an agreement had been largely finalised ahead of the upcoming Trump–Xi meeting at the APEC summit.
US Treasury Secretary Scott Bessent noted that China had committed to major concessions, including large-scale soybean purchases and a temporary halt to its planned export controls on rare earth elements.
Bessent also hinted that the likelihood of an aggressive export control regime being implemented by China had now faded, removing a key geopolitical overhang for global markets.
The prospect of a formal agreement being signed later this week helped ease investor concerns about potential supply chain disruptions and trade volatility, contributing to broader market optimism.
A resolution between the world’s two largest economies has been one of the most anticipated catalysts across risk assets, including crypto, which has often moved in tandem with sentiment around global economic stability.
Adding to the bullish backdrop is rising speculation that the Federal Reserve will lower interest rates at its upcoming meeting.
The CME FedWatch Tool currently assigns a probability of over 95 percent to a rate cut on Wednesday.
Lower interest rates generally boost demand for speculative assets by reducing the opportunity cost of holding non-yielding instruments like Bitcoin.
This expectation, combined with trade deal optimism, created a powerful short-term tailwind that pushed Bitcoin sharply higher and lifted the broader crypto market.
However, despite the strong bounce, Bitcoin’s momentum began to fade later in the day as traders locked in profits and sentiment cooled as some cautionary tone still remains ahead of critical events scheduled later this week, including the Fed decision and corporate earnings reports from tech giants such as Apple, Microsoft, Amazon, and Meta Platforms.
Investors may be opting to stay on the sidelines until these events play out, particularly as Bitcoin approaches a key resistance zone.
With over 83% of companies in the S&P 500 already reporting earnings and showing average growth of 9.2%, the bar for positive surprises is now higher, raising the risk of disappointment if results fail to impress.
At the same time, the percentage of Bitcoin supply currently held in profit has started to climb again, offering additional insight into the improving sentiment among market participants.
According to an October 27 analysis by CryptoQuant analyst Darkfost, the figure is now hovering around 83.6%.
Historically, this metric has served as a useful gauge of broader investor psychology, with the 85 to 90% range often coinciding with steady upward price action.
The current positioning near the mid-80s may signal a healthy phase of market recovery, where confidence is returning but speculative excess remains in check.
Holders appear less inclined to sell into strength at this stage, which supports a more durable price base and leaves room for further gains if macro conditions continue to align.
What’s next for Bitcoin?
Even as the macro sentiment has improved, In the short term, Bitcoin could still remain volatile as markets digest the aforementioned macro drivers.
Yet some market analysts like Ted Pillows believe Bitcoin could hit a new all-time high based on the performance of traditional markets.
The S&P 500 hit a new all-time high today, supported by the current macro environment, which, according to pillows, could bode well for Bitcoin and other cryptocurrencies.
“This means liquidity is moving from Gold into risk-on assets,” Pillow wrote in a recent X post, adding that “if this pump continues, $BTC and $ETH could be next to hit a new ATH.”
Fellow analyst Kamran Asghar joined the bullish outlook noting that Bitcoin price may be primed for a rally towards $125k in the short term, if it manages to hold above the $114,000 which bulls managed to reclaim earlier today.
A similar setup was also shared by pillow earlier in the day, with the $114k suppor level as the primary focal point that traders need to keep an eye out for. See below.
Yet some correction may still be due before upside action can resume according to crypto analyst Killa who based his analysis on historical price action.
“A reminder that the 2 previous FOMC dates marked tops with (6-8%) corrections. Textbook. Pointed this out last week & now its playing out,” the analyst wrote on X.
Bitcoin price action around FOMC meetings. Source: Killa on X.
On the 24-hour Bitcoin liquidation heatmap, traders appeared to have created a strong support zone around the $114,000 level.
This area saw the most concentrated liquidation activity, signalling that a large number of short positions were flushed out as price moved higher earlier in the day.
If this level continues to act as a solid floor, it could serve as a launching point for any potential upward continuation in the short term.
On the way up, significant liquidation clusters are stacked near the $117,000 to $118,000 range.
These levels are likely to present initial resistance, as they represent areas where highly leveraged short positions are concentrated.
Should Bitcoin make a decisive move past these zones, it could open the door for an extended rally toward the $120,000 level and beyond, with fewer obstacles in the immediate path.
Across major exchanges, positioning continues to lean toward the long side, with the long-short ratio at 61.5%.
Open interest has also been climbing steadily, over the past 24 hours, as traders appear to be positioning themselves ahead of this week’s macro events, with many anticipating that momentum could continue to build.
At the same time, the imbalance in positioning leaves the market exposed to sudden shakeouts if momentum fades.
While sentiment leans bullish for now, the next move will likely depend on whether upcoming events deliver enough to keep that optimism intact.
As of press time, Bitcoin was hovering just above the $115,000 mark up 1.3% in the past 24 hours.
Top altcoin gainers of the day
Over the last 24-hour session, the altcoin market cap rose from $1.71 trillion to $1.82 trillion before experiencing a major pullback that brought it down to $1.67 trillion, 2.3% lower on the day.
This comes as sentiment around altcoins remains cautious, with the market seemingly stuck in a ‘wait-and-see’ phase.
The Altcoin Season Index, which tracks how well altcoins are performing against Bitcoin, currently sits at just 28. That’s well below the threshold of 75, the level typically associated with a true Altseason.
Amidst this, analysts are pointing to familiar patterns from 2021, when doubt clouded the market before altcoins staged a surprise breakout with many of them experiencing triple-digit rallies.
If history rhymes, the next altcoin surge could once again blindside most investors who’ve already written off the possibility.
“Trap the majority into believing that Altseason isn’t coming then boom,” said analysts at Mikybull Crypto.
Ethereum (ETH), the largest altcoin by market cap, briefly pushed past the $4,200 mark but quickly ran into heavy resistance.
As of press time, it had slipped back to around $4,160, still holding onto a modest 2% gain for the day.
Elsewhere, major altcoins like XRP (XRP), BNB, Solana (SOL), and Dogecoin (DOGE) also saw some early upside during the morning trading session.
However, most of those gains were erased as the day wore on, with sellers stepping in to cap the momentum.
Virtuals Protocol (VIRTUAL) outpaced the broader altcoin market with a 22% surge, while Pi (PI) and Dash (DASH) followed with gains of 10.5% and 7.5%, respectively.
Source: CoinMarketCap
Virtuals Protocol: VIRTUAL’s surge today can largely be attributed to the integration of Coinbase’s x402 protocol, which enables direct on-chain stablecoin payments between AI agents.
Since Oct. 19, weekly agent-to-agent transactions on the Virtuals network have jumped from under 5,000 to over 25,000.
Pi: While there wasn’t any immediate catalyst linked to PI’s upward move today, the rally seems to have been largely driven by investor speculation surrounding earlier project updates, such as the Pi App Studio upgrade, and the testnet launch for decentralized exchange features.
Trader interest also appears to have picked up, as many analysts pointed out that Pi coin was close to confirming a bullish breakout from a descending parallel channel pattern that has been forming over the past four months.
Dash: Dash has rallied alongside other privacy coins like Zcash, benefiting from a rotation of trader interest towards assets with enhanced privacy features. This movement is influenced by growing global concerns about financial surveillance.
Meanwhile, the broader crypto market recovery has also helped support the rally.
Dash also broke out of a multi-year downtrend earlier this month, which has reinstalled investor confidence among traders amidst this hype around privacy coins.
Investor interest also picked up after the project teased a potential partnership with US based restaurant chain Steak ‘n Shake that would allow customers to make payments using their Dash holdings.
The post Bitcoin price tops $116K on macro optimism, VIRTUAL leads altcoins with 22% rally appeared first on Invezz
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Bitcoin price tops $116K on macro optimism, VIRTUAL leads altcoins with 22% rally
Oct, 27, 2025
8 min read
by Rony Roy
for Invezz
Momentum returned to crypto markets today, briefly lifting Bitcoin price above $116,000 as overall macro sentiment showed signs of improvement.
The total crypto market capitalisation climbed past the $4 trillion mark for the first time in nearly two weeks, before settling near $3.9 trillion at the time of writing.
Bitcoin’s rebound helped reignite risk appetite across digital assets, with the Crypto Fear and Greed Index jumping 11 points to 51, moving out of fear and into neutral territory.
Altcoins, however, saw limited movement.
A few low-cap tokens and select names in the top 100 posted modest rallies, but the majority of leading coins remained in recovery mode following losses over the weekend.
Why is Bitcoin price up today?
Bitcoin price hit an intraday high of $116,032 after rallying over 6 percent from weekend lows around $109,000, mainly driven by improving macroeconomic conditions and renewed hopes of a breakthrough in United States–China trade relations.
The latest round of negotiations between the two countries appears to have yielded significant progress, with both sides reportedly reaching common ground on key issues during recent talks in Malaysia.
In a joint statement, US and Chinese officials confirmed that an agreement had been largely finalised ahead of the upcoming Trump–Xi meeting at the APEC summit.
US Treasury Secretary Scott Bessent noted that China had committed to major concessions, including large-scale soybean purchases and a temporary halt to its planned export controls on rare earth elements.
Bessent also hinted that the likelihood of an aggressive export control regime being implemented by China had now faded, removing a key geopolitical overhang for global markets.
The prospect of a formal agreement being signed later this week helped ease investor concerns about potential supply chain disruptions and trade volatility, contributing to broader market optimism.
A resolution between the world’s two largest economies has been one of the most anticipated catalysts across risk assets, including crypto, which has often moved in tandem with sentiment around global economic stability.
Adding to the bullish backdrop is rising speculation that the Federal Reserve will lower interest rates at its upcoming meeting.
The CME FedWatch Tool currently assigns a probability of over 95 percent to a rate cut on Wednesday.
Lower interest rates generally boost demand for speculative assets by reducing the opportunity cost of holding non-yielding instruments like Bitcoin.
This expectation, combined with trade deal optimism, created a powerful short-term tailwind that pushed Bitcoin sharply higher and lifted the broader crypto market.
However, despite the strong bounce, Bitcoin’s momentum began to fade later in the day as traders locked in profits and sentiment cooled as some cautionary tone still remains ahead of critical events scheduled later this week, including the Fed decision and corporate earnings reports from tech giants such as Apple, Microsoft, Amazon, and Meta Platforms.
Investors may be opting to stay on the sidelines until these events play out, particularly as Bitcoin approaches a key resistance zone.
With over 83% of companies in the S&P 500 already reporting earnings and showing average growth of 9.2%, the bar for positive surprises is now higher, raising the risk of disappointment if results fail to impress.
At the same time, the percentage of Bitcoin supply currently held in profit has started to climb again, offering additional insight into the improving sentiment among market participants.
According to an October 27 analysis by CryptoQuant analyst Darkfost, the figure is now hovering around 83.6%.
Historically, this metric has served as a useful gauge of broader investor psychology, with the 85 to 90% range often coinciding with steady upward price action.
The current positioning near the mid-80s may signal a healthy phase of market recovery, where confidence is returning but speculative excess remains in check.
Holders appear less inclined to sell into strength at this stage, which supports a more durable price base and leaves room for further gains if macro conditions continue to align.
What’s next for Bitcoin?
Even as the macro sentiment has improved, In the short term, Bitcoin could still remain volatile as markets digest the aforementioned macro drivers.
Yet some market analysts like Ted Pillows believe Bitcoin could hit a new all-time high based on the performance of traditional markets.
The S&P 500 hit a new all-time high today, supported by the current macro environment, which, according to pillows, could bode well for Bitcoin and other cryptocurrencies.
“This means liquidity is moving from Gold into risk-on assets,” Pillow wrote in a recent X post, adding that “if this pump continues, $BTC and $ETH could be next to hit a new ATH.”
Fellow analyst Kamran Asghar joined the bullish outlook noting that Bitcoin price may be primed for a rally towards $125k in the short term, if it manages to hold above the $114,000 which bulls managed to reclaim earlier today.
A similar setup was also shared by pillow earlier in the day, with the $114k suppor level as the primary focal point that traders need to keep an eye out for. See below.
$BTC has fully reclaimed the $114,000 support zone. Now, Bitcoin needs to reclaim the $118,000 zone, and a new ATH could happen in 1-2 weeks.
Yet some correction may still be due before upside action can resume according to crypto analyst Killa who based his analysis on historical price action.
“A reminder that the 2 previous FOMC dates marked tops with (6-8%) corrections. Textbook. Pointed this out last week & now its playing out,” the analyst wrote on X.
Bitcoin price action around FOMC meetings. Source: Killa on X.
On the 24-hour Bitcoin liquidation heatmap, traders appeared to have created a strong support zone around the $114,000 level.
This area saw the most concentrated liquidation activity, signalling that a large number of short positions were flushed out as price moved higher earlier in the day.
If this level continues to act as a solid floor, it could serve as a launching point for any potential upward continuation in the short term.
On the way up, significant liquidation clusters are stacked near the $117,000 to $118,000 range.
These levels are likely to present initial resistance, as they represent areas where highly leveraged short positions are concentrated.
Should Bitcoin make a decisive move past these zones, it could open the door for an extended rally toward the $120,000 level and beyond, with fewer obstacles in the immediate path.
Across major exchanges, positioning continues to lean toward the long side, with the long-short ratio at 61.5%.
Open interest has also been climbing steadily, over the past 24 hours, as traders appear to be positioning themselves ahead of this week’s macro events, with many anticipating that momentum could continue to build.
At the same time, the imbalance in positioning leaves the market exposed to sudden shakeouts if momentum fades.
While sentiment leans bullish for now, the next move will likely depend on whether upcoming events deliver enough to keep that optimism intact.
As of press time, Bitcoin was hovering just above the $115,000 mark up 1.3% in the past 24 hours.
Top altcoin gainers of the day
Over the last 24-hour session, the altcoin market cap rose from $1.71 trillion to $1.82 trillion before experiencing a major pullback that brought it down to $1.67 trillion, 2.3% lower on the day.
This comes as sentiment around altcoins remains cautious, with the market seemingly stuck in a ‘wait-and-see’ phase.
The Altcoin Season Index, which tracks how well altcoins are performing against Bitcoin, currently sits at just 28. That’s well below the threshold of 75, the level typically associated with a true Altseason.
Amidst this, analysts are pointing to familiar patterns from 2021, when doubt clouded the market before altcoins staged a surprise breakout with many of them experiencing triple-digit rallies.
If history rhymes, the next altcoin surge could once again blindside most investors who’ve already written off the possibility.
“Trap the majority into believing that Altseason isn’t coming then boom,” said analysts at Mikybull Crypto.
Ethereum (ETH), the largest altcoin by market cap, briefly pushed past the $4,200 mark but quickly ran into heavy resistance.
As of press time, it had slipped back to around $4,160, still holding onto a modest 2% gain for the day.
Elsewhere, major altcoins like XRP (XRP), BNB, Solana (SOL), and Dogecoin (DOGE) also saw some early upside during the morning trading session.
However, most of those gains were erased as the day wore on, with sellers stepping in to cap the momentum.
Virtuals Protocol (VIRTUAL) outpaced the broader altcoin market with a 22% surge, while Pi (PI) and Dash (DASH) followed with gains of 10.5% and 7.5%, respectively.
Source: CoinMarketCap
Virtuals Protocol: VIRTUAL’s surge today can largely be attributed to the integration of Coinbase’s x402 protocol, which enables direct on-chain stablecoin payments between AI agents.
Since Oct. 19, weekly agent-to-agent transactions on the Virtuals network have jumped from under 5,000 to over 25,000.
Pi: While there wasn’t any immediate catalyst linked to PI’s upward move today, the rally seems to have been largely driven by investor speculation surrounding earlier project updates, such as the Pi App Studio upgrade, and the testnet launch for decentralized exchange features.
Trader interest also appears to have picked up, as many analysts pointed out that Pi coin was close to confirming a bullish breakout from a descending parallel channel pattern that has been forming over the past four months.
Dash: Dash has rallied alongside other privacy coins like Zcash, benefiting from a rotation of trader interest towards assets with enhanced privacy features. This movement is influenced by growing global concerns about financial surveillance.
Meanwhile, the broader crypto market recovery has also helped support the rally.
Dash also broke out of a multi-year downtrend earlier this month, which has reinstalled investor confidence among traders amidst this hype around privacy coins.
Investor interest also picked up after the project teased a potential partnership with US based restaurant chain Steak ‘n Shake that would allow customers to make payments using their Dash holdings.
The post Bitcoin price tops $116K on macro optimism, VIRTUAL leads altcoins with 22% rally appeared first on Invezz
Read More
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