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No data, no USD bear. Headwind for Bitcoin?: Crypto Daybook Americas

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By Omkar Godbole (at all times and unless indicated otherwise)

Bitcoin’s Btc$111,964.24 Bouncing from late Tuesday is close to $ 110,000 just stuck above $ 113,000 because the lack of fresh US economic data has left both crypto and forex traders in Limbo. The CoinDesk 20 (CD20) Index Steadied above 3,800 points, representing a 4% gain on a 24 -hour basis.

The ongoing government’s shutdown has removed investors of key macroeconomic indicators, which motivates a reprieve for the US dollar.

Ing analysts mentioned that the “(USD) bear became discouraged by the lack of soft work evidence, and many were thrown into the towel,” suggesting the dollar positioning seems to be more balanced today.

This means that the greenback can handle recent gains, making it harder for Bitcoin and other dollars denomination altcoins to post strong progress.

Meanwhile, gold remains a bid, with major institutions such as Bank of America and JP Morgan expecting further reversal for precious metal, which has approved prices between $ 4,500 and $ 5,000 an ounce of 2026.

This view of Bullish also benefited from gold -supported tokens; According to the tokenterminal, the supply of tokenized gold in Ethereum has more double this year, near $ 2.7 billion.

The QCP Capital has stated that Bitcoin can continue to run Bull Run, getting gold. “In institutional wealth that accumulates positions and ETF inflows remaining stable ($ 102.7 million in BTC ETFs and $ 236.2 million in ETF ETFs), the setup for a modified rally may form,” the team said the company’s views.

They added that it remains to be seen if the BTC can maintain the status of “digital gold” in the next stage of the macro cycle as tariffs risk resurrection and transfer of liquidity dynamics.

Dynamic liquidity is also focused following a recent report from the fine market, which has shown that over-the-counter (OTC) desks have acted as major shock absorbers in the latest market crash, providing greater liquidity as compared to centralized exchanges. It has been reported that the pillow has helped the pillow in turbulent time.

In other development, the Taiwanese Stablecoin Payment Company Owlting has received approval for its direct list in Nasdaq, with a trade that is set to start this Thursday. This milestone reflects the growing institutional acceptance and maturation within the crypto payment ecosystem.

Coinglass website tracking data mentioned A regard to the trend pertaining to centralized exchanges. These avenues, led by Binance, have witnessed a huge flow for the past seven days. If the liquidity dries and the bid-ask spreads to expand, there may be more volatility on the horizon.

In general, as markets await clearer macroeconomic signals, Bitcoin and Crypto investors remain careful but know the ongoing challenges from the strength of the dollar and the trends of liquidity.

Stay alert!

What to watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto’s early weeks“.

Crypto
- October 15: The BNB chain wallet browser’s extension will be Not restrained;;;;;;;;;;;;;;;;;;;;;;; Users advised to back up the keys and switch wallets.
Macro
- October 15, 8 AM: Brazil Aug. Retail Sales Yoy (Prev. 1%), Mom Est. 0.2%.
- October 15, 9:30: Federal Reserve Governor Stephen I. Miran speaks to the CNBC Invest in America Forum (Virtual).
- October 15, 11 am: Colombia Aug. Sale of Yoy Est. 14%.
We are (Estimates based on factset data)

Events with the token

For a more comprehensive list of events this week, see CoinDesk’s “Crypto’s early weeks“.

Votes and Management Calls
- Sandbox Dao voted Enable estate sales By letting those who have land -owned to wrap and sell many parcels through the GBM X Sandbox market. Voting ends October 15.
Unlocks
- October 15: Strk$0.1281 To unlock 5.64% of the circulating -switch supply worth $ 21.44 million.
Launching a token
- October 15: ZBCN$0.004693 listed in Kraken.
- October 15: Remembering (Remembering) listed in Binance, Kucoin, Mexc, Bitmart, and more.

Conference

For a more comprehensive list of events this week, see CoinDesk’s “Crypto’s early weeks“.

Token talk

By Oliver Knight

Fet$0.3100former fetch.ai, has experienced a weakening week; Losing 43% of its value during a seller-off spurred by the Ocean Protocol decision to leave the alliance.
“As many of you have seen, the ocean protocol has chosen to stay away from the Asi Alliance,” the company Write to x. “So, there is noticeable market activity involving large shifts of fet tokens from purses associated with ocean protocol to Binance.”
The token suffered a flash crash on October 10 with the broader crypto market, but since then price action shows the behavior of ongoing sale, with little respect for consumers.
The fet is now trading at $ 0.31, its lowest point in the two years of removing all bullish acquired in the recent bull market.
At one point in 2024 it led $ 3.11 amid a wave of emotions related to AI, but it has not been a spark ever since.
The move reflects AI’s bubbling nature, along with the IMF’s warning on Wednesday that if the AI bubble exploded it could compete with DOTCOM’s deadly crash.

Derivatives positioning

XPL, Aster, SUI, and Link have experienced a well -known increase in futures open interest, while the top 10 tokens show a mix of performance in general.
A whale address, labeled 0xc2A3, opened a 5x short on BTC worth $ 140 million in hyperliquid.
The BTC Futures Open Interest in Binance jumped $ 510 million during Asia while an entrepreneur moved $ 89 million to the USDC in exchange, probably in short futures.
Eternal funding rates for majors, including Bitcoin and Ether, are held flat-to-negative, indicating a careful emotion.
BTC futures activity in CME remains covered while open interest in options that are located on a record of 61.44K BTC. Positioning ether futures and options remained elevated near lifelong peaks.
In the derivit, put the skew in short and closely dated BTC options increased slightly to overnight trade. The flow to the OTC desk paradigm features a long position on Oct 18 Expiry of $ 108k BTC Put.

Movements in the market

BTC dropped 0.13% from 4 pm et Wednesday to $ 112,554.13 (24hrs: 1.98%)
ETH reached 0.74% to $ 4,154.14 (24hrs: 5.18%)
CoinDesk 20 is up to 0.68% to 3,808.91 (24hrs: +3.68%)
The ether CESR composite staking rate is up to 2 bps at 2.98%
BTC funding rate is at 0.0028% (3.0682% annualized) in Binance
DXY drops 0.18% to 98.86
Gold futures reached 1.39% to $ 4,221.40
Silver futures reached 1.89% to $ 51.58
Nikkei 225 closes 1.76% to 47,672.67
Hang Seng closes 1.84% to 25,910.60
FTSE drops 0.51% to 9,404.25
Euro Stoxx 50 reached 1.50% out of 5,635.34
DJIA is closed to tueday up to 0.44% to 46,270.46
S&P 500 closed 0.16% to 6,644.31
The Nasdaq Composite closed 0.76% to 22,521.70
The S&P/TSX Composite closed 1.68% to 30,353.61
S&P 40 Latin America closed 0.26% to 2826.5
The US 10-year Treasury Rate dropped 0.9 bps to 4.013%
E-Mini S&P 500 futures up to 0.59% to 6,726.25
E-Mini Nasdaq-100 Futures reached 0.80% out of 24,961.50
The E-Mini Dow Jones Industrial Average Index is up to 0.41% to 46,689.00

Bitcoin stats

BTC Dominance: 59.13% (-0.27%)
Ether in bitcoin ratio: 0.03689 (1.1%)
Hashrate (seven-day average move): 1,085 eh/s
HASHPRICE (spot): $ 47.37
Total Fees: 2.72 BTC / $ 306,963
CME Futures Open Interest: 142,515 BTC
Btc that is priced at gold: 27 oz
BTC vs Gold Market Cap: 7.63%

Technical analysis

BTC's weekly action in Candlestick format. (Tradingview) — Weekly BTC chart. (Tradingview)

The BTC continues to trade more than 50-week simple transfer of average (SMA), which has always been offering strong support since 2023, which has marked the end of price corrections.
Therefore, the broader perspective, remains constructive as prices hold above the average average.