Market pulse

Crypto markets are under broad pressure, with losses outweighing gains across the tracked assets. Only 10 of 100 assets advanced, while 84 declined; the median 24-hour move was a 4% drop. A handful of sharp risers, including WAL and AVA, stand out against the wider selloff but do little to change the overall picture. The breadth points to weakness beyond Bitcoin rather than an isolated move in one large token.

Bitcoin traded near $81,700, down about 1.7% over 24 hours. Its price sat below the 20-day average but just above the 50-day average, leaving the short-term picture soft without a decisive break in the broader trend. Open interest fell about 2.7%, suggesting positions were being reduced alongside the decline. Funding turned slightly negative, while the taker ratio was below parity, indicating somewhat heavier market selling than buying. These signals are consistent with cautious positioning, though they do not point to a clear shift in direction.

The U.S. Bureau of Labor Statistics reported that consumer prices rose in September, keeping inflation in focus; the release alone does not explain today’s crypto move. Australia’s labor report, UK GDP and U.S. retail sales are due next and could shape broader risk sentiment. For crypto, the key near-term test is whether Bitcoin stabilizes and market participation improves, or whether weakness continues across a broad range of tokens.