Digital Assets Decoded: Your Daily Crypto Guide podcast.

Hey crypto crusaders, Crypto Willy here with Digital Assets Decoded: Your Daily Crypto Guide, serving you the freshest intel from this wild week in cryptoland. You’d think October would be another “Uptober”—but nope, Bitcoin smashed its own streak, dropping 3.6% and closing the month at $110K, marking the first negative October since 2018. It’s a wakeup call for bulls who’d gotten used to green charts in the fall!

So, why did Satoshi’s king coin take a tumble when October’s usually its playground? This was no ordinary correction. A massive $19 billion liquidation wave torched leveraged traders, cascading across exchanges and leaving 1.6 million traders with a nasty surprise. Longs dominated the liquidations, with a historic 5:1 ratio—people were counting on a rally and got caught seriously offside. That’s the biggest single-day washout in crypto history, showing just how risky high leverage has become, with perpetual futures now 70% of trading volume!

What lit the match? President Donald Trump, fresh off his China tariff threat, dropped a blunt 100% tax on all Chinese imports, sparking instant panic. On top of tariffs, Trump added new software export controls, weaponizing tech policy. The move—seen not just as posturing—was paired with China cutting off rare earth mineral exports. Risk assets everywhere, from stocks to Bitcoin, got hammered, with Bitcoin plunging from $126K to below $105K in a heartbeat.

Layered onto that, the Federal Reserve refused to cut rates again, citing trouble from the now record-setting government shutdown. Economic data releases slowed to a crawl, stoking even more anxiety. Bank titan Jamie Dimon at JPMorgan went on record warning the U.S. stock market could see a hard correction in the coming year or two—a bleak outlook that bled over into crypto sentiment.

Still, there’s a silver lining. Trump’s administration has doubled down on pro-crypto cues, fast-tracking friendly regulations and dropping lawsuits against digital platforms, helping Bitcoin stay up 16% for the year. Investors now turn to November, historically Bitcoin’s best month, with an average 42% gain since 2013. Will history repeat? Maybe, since ETF inflows hit $3.5 billion this October alone, and institutional giants now own 12% of all Bitcoin.

Here’s how November’s shaping up: The Fed’s October 29 rate decision is a huge catalyst. Experts on TradingView say if the Fed cuts rates—a 25-point drop is expected by nearly all—the path could open for Bitcoin to rip back toward $120K and possibly $160K if institutional buyers keep flooding in. However, hawkish noise from the Fed could drop it further, even threatening support at $92K if things get ugly.

On-chain and technical wizards are watching liquidity heatmaps showing sell-side pressure stacked between $111K and $117K; break past that and we could see a short squeeze ignite. Glassnode and CryptoQuant data reveal whales are still active, with positive funding rates keeping a slight bullish tilt. Some bold traders are buying the dip looking for a sharp November rally, while others play it safe and wait for a confirmed breakout.

If you’re gearing up for action, just remember: Forbes, Kaiko, and Brave New Coin all urge robust stop-loss protection and high caution against FOMO. Volatility isn’t going anywhere, especially with the macro mess going on!

Thanks for tuning into Digital Assets Decoded—your chart-topping guide to all things crypto. Swing by next week for more insider scoops, and remember, this has been a Quiet Please production. For more Crypto Willy, check out Quiet Please Dot A I. Until then, keep your assets safe and your eyes on the blockchain!

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