French Election (2027)

The market is under heavy pressure after a sharp drop—Bitcoin plunged ~10 % amid escalating U.S.–China trade tensions and massive liquidations. Institutional flows were positive earlier in October, but the sudden macro shock is likely to dominate today. The downside momentum seems strong and breaks in support may trigger further stops.

Bitcoin faces significant selling pressure today with the price dropping to ~$112K after recently touching ATH near $126K. Massive liquidations occurred ($5.39B in BTC longs), driven by Trump tariff announcements on Chinese goods and macro uncertainty. Despite October's historically bullish "Uptober" narrative and strong ETF inflows earlier this month, technical indicators show failed breakout above Bollinger bands and current weakness. Short-term outlook remains bearish with potential for further downside before any recovery.

The BTC-USD market is showing clear signs of bearish pressure on the day of October 11, 2025. Prices have been consistently declining from the daily open, indicating sellers are currently in control and pushing the price lower. Despite brief recoveries, the overall trend remains down, suggesting a strong short-term bearish momentum. This sustained weakness implies further downside is probable within the 1-day horizon as support levels are being tested or broken.