Bitcoin Price Could Collapse to $70K or Lower as Bull Market Is Over: Elliott Wave Expert

A significant player in the cryptocurrency market has opened $255 million in long positions for Bitcoin and Ethereum, signaling optimism as U.S.-China tensions appear to be easing. This move comes just as former President Trump confirmed a meeting with China on October 31, which could further stabilize market conditions. The actions of this crypto whale, known for a flawless trading record, highlight growing confidence among investors and could lead to increased market activity.

Michael Saylor, the founder of Strategy, has hinted that the company may soon make another purchase of Bitcoin, despite recent declines in net asset values. This news is significant as it suggests continued confidence in Bitcoin's long-term potential, which could influence market trends and investor sentiment.

Bitcoin's price is showing signs of stabilization after a recent crash, which is encouraging for investors. Despite lingering bearish sentiments from the October 10 liquidation event, crypto expert MMBTrader has identified a 'Whale Buy Zone' where large investors are likely to purchase Bitcoin at lower prices. This insight is significant as it suggests potential opportunities for both seasoned and new investors to enter the market, especially if they are looking for cheaper options.

HTX has stepped up to support traders affected by the recent $19 billion wipeout in the crypto market by launching a $100 million USDT airdrop. This initiative, announced on October 20, aims to help those who have faced significant losses, particularly as Bitcoin has dropped to multi-month lows. This move not only provides financial relief but also demonstrates HTX's commitment to its community during challenging times in the cryptocurrency landscape.

Bitcoin's price has surged back above $110,000 after a recent dip, sparking optimism among analysts who suggest that the market may have found its bottom. This rebound is significant as it indicates a potential recovery phase for the cryptocurrency, which could attract more investors and stabilize the market.

Analyst Cantonese Cat suggests that Dogecoin is still positioned for a potential surge, reminiscent of previous crypto bull markets. In a recent analysis, they highlight that the anticipated breakout for Dogecoin has yet to occur, indicating that there may still be opportunities for investors. This insight is significant as it could influence market sentiment and trading strategies, especially for those closely following cryptocurrency trends.

The meme coin market appears to be gearing up for a potential recovery after a period of volatility. Despite current price adjustments, many investors believe this phase is a stepping stone towards the next growth cycle. With Bitcoin and leading altcoins showing signs of resilience, the sentiment among traders is optimistic, suggesting that now might be a strategic time to invest in promising meme coins.

Analysts suggest that Bitcoin's next rally is on the horizon, contingent on long-term holders finishing their selling spree. Recently, these holders have realized profits at unprecedented levels, with daily gains reaching $1.7 billion as older coins come back into circulation. This trend is significant as it indicates a potential shift in market dynamics, paving the way for new investors and possibly driving prices higher.

Galaxy Research has revealed that Wall Street's financial advisors, who manage around $30 trillion in client assets, are beginning to embrace crypto assets. This shift could lead to an influx of $600 billion into the crypto market, marking a significant transformation in how traditional finance interacts with digital currencies. This development is crucial as it indicates a growing acceptance of cryptocurrencies among mainstream financial institutions, potentially reshaping the investment landscape.

$SOL is making waves as it approaches $250, fueled by a mysterious teaser from the Solana Foundation hinting at an exciting announcement. The community is buzzing with speculation about a potential Solana debit card, which could further enhance the ecosystem that is already leading in fee revenue and user engagement. Meanwhile, the Snorter Token's presale is wrapping up, with predictions suggesting a staggering 843% return on investment by 2025. This momentum in the Solana ecosystem highlights its growing influence in the cryptocurrency market.

A significant player in the cryptocurrency market has opened $255 million in long positions for Bitcoin and Ethereum, signaling optimism as U.S.-China tensions appear to be easing. This move comes just as former President Trump confirmed a meeting with China on October 31, which could further stabilize market conditions. The actions of this crypto whale, known for a flawless trading record, highlight growing confidence among investors and could lead to increased market activity.

Michael Saylor, the founder of Strategy, has hinted that the company may soon make another purchase of Bitcoin, despite recent declines in net asset values. This news is significant as it suggests continued confidence in Bitcoin's long-term potential, which could influence market trends and investor sentiment.

The LayerZero crypto market is facing a potential crisis as analysts raise alarms over the upcoming release of over 24.7 million ZRO tokens, valued at approximately $41 million, on October 20, 2025. This significant token unlock could lead to increased volatility in an already fragile market, raising concerns about a sharp decline in ZRO prices. Understanding the implications of this event is crucial for investors and stakeholders in the crypto space.

The European Central Bank (ECB) is intensifying its efforts to introduce a digital euro, positioning it as a competitor to stablecoins in the evolving landscape of digital finance. This move is significant as it reflects the ECB's commitment to maintaining monetary sovereignty and adapting to the rapid growth of cryptocurrencies. As stablecoins gain popularity for their stability and ease of use, the ECB's digital euro aims to provide a secure and regulated alternative, ensuring that the euro remains relevant in the digital age.