The FOMC delivered a 25 basis point rate cut but at the same time, Fed Chair Powell's comment on “December not guaranteed” triggered a sell-off with Bitcoin sliding below $110,000 and currently stabilizing near $108,500.
Spot ETF flows flipped negative: Oct. 29 saw Bitcoin ETFs net outflows of $471 million and Ethereum ETFs net outflows of $81 million. Bitwise’s Solana ETF debuted with inflows of $69.45 million, the highest daily inflow for any ETF in 2025.
Technical battleground: immediate support is $107,000–$109,000; while heavy supply sits at $117,000 and continues to cap rallies.
Tactical posture: reduce risk, keep cash available, and prefer staggered re-entry on confirmed demand; avoid momentum chasing into headline noise.
MiCA's full enforcement on July 1 reshuffled stablecoin routing. Robinhood's Arbitrum bet is the clearest signal yet that enterprise procurement—not retail volume—is now what determines which L2s capture institutional flows.
The move lands months after Indonesia shifted crypto oversight from its commodities regulator to the OJK, tightening the compliance bar for new entrants.
Expansion of the Stock+ platform gives global users direct access to listed options on US equities, adding long call and long put strategies alongside existing crypto and CFD markets
