The crypto market is down today, showing a notable decline as the total market cap fell 2.3% to $3.76 trillion. Trading volume over the past 24 hours totaled $156.6 billion, reflecting moderate market activity amid continued corrections in major asset prices.
TLDR:
- Total crypto market cap fell 2.3% to $3.76 trillion;
- 8 of the top 10 coins are down;
- The Fear and Greed Index stands at 33 (fear), up slightly from 30;
- BTC consolidates between $107,000 and $110,000;
- ETH faces pressure around $3,850, loss of this level could bring $3,700-3,500;
- US BTC spot ETFs saw outflows of $40.47 million;
- US ETH spot ETFs saw larger outflows of $145.68 million;
- A SpaceX-linked wallet moved $268 million in BTC after a 3-month hiatus;
Crypto Winners and Losers
At the time of writing, 8 of the top 10 cryptocurrencies by market cap are in the red.
Bitcoin (BTC) fell 2.0% in the last 24 hours, currently trading at $108,562, while Ethereum (ETH) is down 3.5%, at $3,885.73.
Binance Coin (BNB) saw the biggest decline, losing 3.6% to trade at $1,075.93, a decline of 10.2% over the past week.
In the meantime, XRP (XRP) slipped 1.8% to $2.42, and Solana (SOL) fell 2.8% to $186.31. Cardano (ADA) is also down 3.4% at $0.6475, extending its downtrend by one week.
Among the big winners, SynFutures (SYF) jumped 50.9%, followed by Hajimi with an increase of 41.2% and BinanceLife up 30%.
In contrast, trending coins include Zora, FLOKI and Zcash, with Zcash seeing a modest daily gain of 7.4%.
Overall, market sentiment remains cautious as traders await signs of stabilization following this week’s correction, with Bitcoin holding above the $108,000 support level while altcoins continue to face selling pressure.
However, crypto investor and entrepreneur Ted Pillows predicts that $100,000 will come into play next if the BTC price fails to establish a floor.
Bitcoin slides towards $107,000 as traders eye CME gap and retest of $100,000
Bitcoin fell to a weekly low near $107,460 on Tuesday, erasing its early rebound as traders focused on the last unfilled gap in CME futures.
The drop, which amounted to 2.5% on the day, came against a backdrop of low trading volumes and cautious sentiment following last week’s volatility.
Analysts noted that Bitcoin opened the week with a small CME gap below current levels and partially filled it, but a full close would require a move toward $107,390.
Popular trader Daan Crypto Trades said bulls must hold the $107,000 level to avoid signaling further weakness, while another significant gap at $110,000 was already closed last week.
Market watchers warned that fading momentum and low volume could trigger a bigger pullback towards $100,000-$98,000, levels not seen since the last major correction.
“The low volume breakout never confirmed a true recovery of support,” said trader Roman, suggesting that Bitcoin could still revisit lower price zones before finding a firm bottom.
Levels and events to watch next
At the time of writing on Tuesday afternoon, Bitcoin (BTC) is trading at $108,645, down 1.75% in the last 24 hours.
The coin reached an intraday high of around $110,500 before sliding to the day’s low near $107,400. Over the past week, BTC has fallen more than 2%, showing continued weakness after failing to maintain its rebound from early October lows.
Currently, Bitcoin is consolidating in the range of $107,000 to $110,000. A break above $110,800 could open the door to $113,200 and possibly $115,000, while loss of support at $107,000 could push the price back towards $104,500, levels tested during the last correction.
Meanwhile, Ethereum (ETH) is trading at $3,893, down 2.19% over the past day. The coin hit a daily high near $3,980 before returning to its current level, with a 7-day low around $3,750.
ETH remains under pressure alongside Bitcoin, falling more than 3% this week and nearly 12% below its late September high of $4,420.
If Ethereum falls below $3,850, it could slide towards $3,700 and possibly $3,500. However, a move above $4,000 could trigger a near-term rally towards $4,200 and $4,350 if buying momentum returns.
Meanwhile, crypto market sentiment remains in the fear zone, with only a slight improvement since yesterday. The Crypto Fear and Greed Index stands at 33, up from 30 the day before, but still signals cautious investor behavior.
Compared to last week’s neutral level of 42, sentiment has clearly weakened as traders become more uncertain about near-term price direction. The index is now near the lower end of the spectrum, showing that investors remain cautious after recent market pullbacks.
US Bitcoin spot exchange-traded funds (ETFs) recorded another day of outflows on October 20, totaling $40.47 million in net redemptions. The day’s trading volume across all issuers reached $4.87 billion, while cumulative net inflows since launch remain strong at $61.50 billion.
Among the 12 listed funds, the largest outflow came from BlackRock’s iShares Bitcoin Trust (IBIT), which saw $100.65 million leave the fund despite holding the highest net assets of $88.82 billion. On the other hand, VanEck’s HODL ETF dominated inflows with $21.16 million, followed by Bitwise’s BITB with $12.05 million and Fidelity’s FBTC with $9.67 million.
US Ethereum spot ETFs also saw strong outflows on October 20, totaling $145.68 million, marking one of the largest single-day buybacks since their launch. Total trading volume across all ETH spot ETFs reached $2.15 billion, while cumulative net inflows remain positive at $14.45 billion.
The majority of withdrawals came from BlackRock’s ETHA, which saw $117.86 million in outflows despite leading the category with $15.85 billion in total assets under management. Fidelity’s FETH followed with $27.82 million in redemptions.
In contrast, other issuers, including VanEck, Bitwise and 21Shares, reported no significant inflows or outflows during the same period.
Meanwhile, a wallet linked to SpaceX transferred $268 million worth of Bitcoin to two separate addresses on Tuesday, according to Arkham data.
According to on-chain analyst Ai Yi, the transfer from the SpaceX account follows a 3-month hiatus. The analyst suggested that this would likely be an internal management decision and not a sale.
“In July, the receiving address of SpaceX’s sudden transfer was marked by Arkham as a Coinbase Prime Custody address. This time, it could just be a wallet reorganization.”
The article Why is crypto down today? – October 21, 2025 appeared first on Cryptonews.
