Market pulse

Crypto is under broad selling pressure, with losses spread across most tracked assets. Eight of 100 coins rose over 24 hours, while 84 fell; the median decline was about 3%. Irys bucked the trend with a 36% gain, but isolated strength did little to offset the market-wide weakness.

Bitcoin fell about 2.6% to roughly $81,900, giving back ground despite a nearly flat week. Its price sat just below the 20-day average and near the 50-day average, suggesting short-term weakness without a decisive break in the broader range. Futures open interest dropped 4.2% over 24 hours, pointing to reduced exposure as prices fell. Funding turned slightly negative, while long-short ratios remained above one, leaving positioning mixed rather than uniformly bearish.

The next week brings several potential macro catalysts: Australia’s October inflation report and rate decisions from the Bank of Canada and Federal Reserve on October 28. These events could affect risk appetite, but their market impact is uncertain. For crypto, watch whether Bitcoin stabilizes and whether selling pressure eases across a wider share of assets.