Large Ethereum holders purchased 394,682 ETH worth approximately $1.37 billion over three days, data show. The buying activity occurred as ETH consolidated near $3,380 after finding support at its 200-day moving average following Tuesday's decline below $3,100.

Bitcoin fell below $110,000 in a sharp decline that triggered panic selling following the Federal Reserve's 25 basis point rate cut and announcement regarding quantitative tightening. The cryptocurrency briefly tested $108,500 before attempting recovery. Analysts identify $117,000 as the Point of Control—the price zone with highest traded volume—which now serves as a key battleground for bulls seeking to re-establish momentum.

Bitcoin spot trading volume exceeded $300 billion in October across major centralized exchanges, with Binance accounting for $174 billion, data show. The shift toward spot markets followed the October 10 liquidation event and coincided with the Federal Reserve's 25 basis point rate cut and planned conclusion of quantitative tightening by December 1.

Bitcoin closed above $114,500 on a weekly basis, reclaiming the Short-Term Holder Realized Price near $113,000 for the first time in several weeks. This on-chain metric reflects the average acquisition cost of recent market participants and often marks a critical dividing line between bullish and bearish market phases. The reclaim follows weeks of heavy selling pressure and mixed sentiment.

Bitcoin has reclaimed the $115,000 level, with 83.6% of circulating supply now in profit, data show. The metric reflects improving sentiment as holders anticipate further gains, though analyst Darkfost cautions that historical patterns indicate corrections when profitability exceeds 95%. Bitcoin is testing critical resistance at $117,500, a level that previously rejected multiple breakout attempts.

Bitcoin's Short-Term Holder Spent Output Profit Ratio (STH-SOPR) declined to 0.992, its weakest reading since late April, data show. The metric tracks profitability for holders owning coins under 155 days. A reading below 1.0 indicates these investors are realizing losses, reflecting heightened capitulation among newer market participants.