Bu makaleyi paylaş
Bitcoin Gets its Groove Back as Price Resistance Breaks
Bitcoin prices surged 11th October, breaking past resistance as the market regained its confidence.
Yazan Charles Lloyd Bovaird II
Bitcoin prices surged on 11th October amid what analysts say was a sharp change in market confidence.
The digital currency rose to as much as $639.97 at the time of report, roughly 4% higher than the daily low of $615.87. While not the largest of increases, however, the development followed several weeks where bitcoin traded in a tight range following the high-profile hack of Hong Kong exchange Bitfinex.
STORY CONTINUES BELOW
Başka bir hikayeyi kaçırmayın.Bugün Crypto Daybook Americas Bültenine abone olun. Tüm bültenleri gör
But the market is now recovering on stronger liquidity, Petar Zivkovski, director of operations for leveraged bitcoin trading platform Whaleclub, told CoinDesk.
After experiencing this period of sideways trading, bitcoin markets have "broken to the upside," bitcoin trader BTC VIX confirmed.
This break past resistance took place at a time when traders are bullish about bitcoin, a development which is supported by Whaleclub data. Figures provided by the investment platform reveal that the market's speculative positions have been more than 80% long since 21st September.
"The overwhelming majority of traders on Whaleclub are long," said Zivkovkski.
He added that he's seen a noticeable increase in buy-side liquidity, something he sees as a positive should the news cycle continue to provide support.
He concluded:
"This rise is perhaps a testament to a return to stronger confidence."
Image credit: Randy Miramontez / Shutterstock.com
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ARK steps in as crypto stocks extend multi-day selloff
Cathie Wood’s ARK Invest added to Coinbase, Bullish, Circle, and crypto miners during a continued drawdown that pushed listed crypto equities deeper into the red.
What to know:
- Cathie Wood's ARK Invest purchased nearly $60 million in crypto equities, including significant investments in Coinbase, Bullish, and Circle.
- ARK's strategy involves buying during market drawdowns, as evidenced by their recent purchases amid a multi-day slide in crypto stocks.
- Crypto stocks have been declining, with Bitmine, Circle, CoreWeave, Coinbase, and Bullish all experiencing notable drops.
Top Stories
