top trends in the cryptocurrency market on October 24, 2025
as of 7:00 AM on October 24, 2025, the cryptocurrency markets are continuing their upward momentum with strong news. bitcoin is up 1.32% to $165.3 million on an upbeat basis, and is attempting to regain the $110,000 mark with a 2.48% surge to $109,759 on Binance futures. ethereum is also holding steady, trading slightly higher at $5.78 million.
of particular note is the fact that a number of big news stories are coming out at the same time, including the announcement of a summit between President Trump and President Xi Jinping, a full pardon for Binance founder Zhao Changpeng (CZ), and Hong Kong's approval of a spot ETF for solar, all of which are providing strong upside momentum for the market.
today's buy recommendation score breakdown
timeframe buy Recommendation Score market Judgment key Rationale 06:45 1.22 points conservative Buy sub-$100k warning and long-term bearish potential vs mixed Trump pardon-ETF approval news 05:36 4.14 points strong Buy trump CZ pardon, BTC breaks $111K, Hong Kong Solana ETF approval, and more strong news 04:41 1.20 points conservative Buy trump pardons mixed vs. North Korea hacking report concerns 03:39 0.53 points limited Buy north Korea hacking concerns and slowing buying vs Trump pardon - BTC breakout favorable 02:41 1.86 points aggressive Buy microstrategy Slowdown in buying (-) outweighs favorable news such as Trump pardon and BTC breaking above $150Mthe market is currently experiencing short-term volatility, but remains positive overall. over the past 24 hours, the Buy Recommendation Score has ranged from 0.53 to 4.14, with a sharp uptick around the time of the favorable news.
current price and volume analysis of major cryptocurrencies
upbit's major coins (as of October 24, 07:00)
**Bitcoin (BTC)** is currently trading at $165.3 million, up 1.32% from the previous day, with a market capitalization of $314.8 trillion, maintaining its position as the absolute powerhouse of the cryptocurrency market. trading continues to be active, with a trading volume of $115 billion.
**Ethereum (ETH)** is up a modest 0.31% to $5.78 million. It remains in second place with a market capitalization of $66.362 trillion, and trading is very active with $3.687 trillion traded. on Binance, it's up 2.50% to $3,835, a stronger gain than Bitcoin.
**Solana (SOL)* is the biggest gainer of the day, surging 4.28% to $284,800. the news of Hong Kong's approval of a spot ETF for Solana was a direct boost, and the market capitalization hit $148.509 billion.
**Binance Coin (BNB)** surged 5.22% to $1,114 on Binance Futures. It is the most sensitive to the CZ pardon news, spiking to $1,159 before correcting. short positions are dominant with a funding rate of -0.0134%.
**Ripple (XRP)** is steady at $3,599, up 0.45%. on Binance, it is up 2.14% at $2.3864, with a funding rate of +0.0033% and a slight dominance of long positions.
binance Futures Market Volume Analysis
the Binance futures market is dominated by Bitcoin with $14.5 billion in trading volume and Ethereum with $15 billion. It's notable that Ethereum's trading volume slightly outpaced Bitcoin's, indicating growing investor interest in the cryptocurrency.
technical analysis: What the charts are telling us about the market
Relative Strength Index (RSI) analysis
bitcoin's RSI is currently estimated to be around 58. generally, an RSI above 70 is considered overbought and below 30 is considered oversold, but it is currently in the neutral to slightly bullish range. this suggests that further upside remains, leaving the door open for a rally after a short-term correction.
ethereum's RSI is around 55, which is a bit more relaxed than Bitcoin's. it is positive that it has not entered the overbought zone despite the recent 2.50% gain.
MACD (Moving Average Convergence Divergence) analysis
bitcoin's MACD recently formed a golden cross and has maintained its upward momentum. The MACD line has broken above the signal line, triggering a buy signal, and the histogram is also expanding in positive territory. however, we should be wary of a possible divergence after a short-term surge.
ethereum's MACD remains in positive territory, and the gap to the signal line is widening, indicating a strengthening uptrend.
bollinger Bands analysis
bitcoin is currently testing the top of the Bollinger Bands. the 24-hour high of $111,240 coincides with the upper band, and the current price is located between the center line and the top. the bands are widening, indicating a period of increased volatility.
ethereum is moving towards the top near the center line of the Bollinger Bands. the upper band is at $3,933, and the current price of $3,835 leaves room for further upside.
moving average line analysis
*the *short-term moving averages (5-day, 20-day)** are all aligned upwards, and the price is trading above the moving averages. this means that the short-term uptrend is valid.
the intermediate-term moving averages (60-day and 120-day ) are also acting as support with a moderate uptrend, especially the golden cross of the 20-daymoving average above the 60-day moving average, signaling a medium-term uptrend reversal.
*the *long-term moving average (200-day moving average)** is still located at the bottom of the price and is acting as a strong support.
fundamental analysis: key factors moving the market
impact of the Trump-Xi Jinping summit announcement
the news of the Trump-Xi Jinping summit, which was officially confirmed by the White House, had an immediate positive effect on the crypto market. growing expectations of easing trade tensions between the US and China bolstered sentiment in favor of risk assets, and Bitcoin recovered $110,000 immediately after the announcement.
historically, easing geopolitical tensions have been positive for crypto markets, and improved US-China relations are expected to be linked to increased global liquidity, creating a favorable environment for crypto markets in the medium to long term.
ripple effects of Binance founder CZ pardon
president Donald Trump's pardon of Binance founder Changpeng Zhao (CZ) sent shockwaves through the crypto industry. More than just a pardon for an individual, it is a clear signal of the Trump administration's pro-crypto policy intentions.
CZ reacted to the news by saying "the crypto wars are over," while BNB surged 5.22% on the news. Industry observers interpreted the pardon as a sign of a change in attitude towards the crypto industry by US regulators.
hong Kong approves Solana spot ETF
solana surged 4.28% after Hong Kong's financial authorities approved a Solana spot ETF, marking the third spot ETF approval after Bitcoin and Ethereum, and showing that altcoins are gaining institutionalization.
the approval is expected to have a positive impact on not only Solana, but the entire altcoin market, especially as Hong Kong is an Asian financial hub and serves as a gateway for Chinese capital to enter the crypto market.
institutional investment trends
it was reported that Tesla recorded a profit of $80 million from its Bitcoin holdings. however, the fact that microstrategies have slowed down their Bitcoin buying suggests a possible short-term correction.
fidelity analysts advised a cautious approach, noting that "gold and bitcoin are overvalued at 133% of M2 monetary volume." While this could lead to a short-term correction, in the long term, it's a testament to bitcoin's growing status as a store of value.
on-chain analytics: the truth behind blockchain data
analyzing whale movements
in the last 24 hours, we've seen massive Bitcoin whale buying activity, especially around the $111,000 mark, with large inflows into whale wallets, indicating active position building by institutional investors.
according to on-chain data, the number of addresses holding more than 1,000 BTC has increased by three from the previous day, and withdrawals from exchanges to private wallets have increased significantly, which is a positive sign of long-term holding intentions.
changes in exchange holdings
bitcoin holdings on major exchanges are declining. movements from Upbit and Binance to private wallets are active, which is likely to lead to a reduction in selling pressure.
it's also worth noting that stablecoin reserves are at an all-time high. Increased exchange inflows for USDT and USDC suggest that there is plenty of room for further buying.
network activity metrics
the number of daily transactions and active addresses on the Bitcoin network is increasing. this shows that real user activity is increasing, a positive sign that real-world demand is expanding beyond mere speculation.
hash rates are also reaching new all-time highs, indicating that the network is becoming more secure. while rising mining difficulty puts pressure on miners in the short term, in the long term, it makes Bitcoin more scarce.
sentiment and derivatives market analysis
crypto Fear & Greed Index
the current Crypto Fear & Greed Index is estimated to be around 65-70. this is in the "Greed" range, indicating a predominance of optimism among market participants. however, it has not yet reached the "Extreme Greed" zone above 80, suggesting that there is still room for further upside.
the spike in the index from 55 to 68 in the last 48 hours shows that good news such as the Trump-Xi Jinping meeting and the CZ pardon had an immediate impact on market sentiment.
funding Rate Analysis
looking at the funding rates on the Binance futures market, an interesting pattern emerges.
**Bitcoin (BTCUSDT)** has a slightly negative funding rate of -0.0002%, which means that short positions are paying fees to long positions, indicating that the market is tilted towards neutral to bearish bets. however, the magnitude of the funding ratio is so small that it doesn't mean much, and rather suggests a healthy bull run that hasn't gotten overheated.
**Ethereum (ETHUSDT)** has a positive funding ratio of +0.0009%. longs are paying fees to shorts, showing that bets on the upside are prevailing.
**Binance Coin (BNBUSDT)** has a relatively large negative funding rate of -0.0134%. This is interpreted as an increase in short positions, as it surged 5.22% on the news of the CZ pardon, followed by arbitrage selling.
**Funding rates for *Ripple (XRPUSDT) and *Litecoin (LTCUSDT) remained positive at +0.0033% and +0.0032% respectively, indicating long position dominance.
overall, funding rates are not at extreme levels, so the risk of sudden long/short liquidations is limited, suggesting that the market is poised to continue a healthy uptrend without overheating.
options Open Interest and Put/Call Ratio
there have been reports that open interest in the Bitcoin options market has peaked. Traders are engaged in a fierce battle over direction, and volatility is likely to increase as expiration approaches.
The put/call ratio is currently estimated to be around 0.7-0.8. a ratio lower than 1 means that the volume of call options (bets to go up) is higher than put options (bets to go down), indicating that market participants are expecting further gains.
there is a large amount of call volume piled up, especially at the $110,000 and $120,000 strikes, and a breakout above these levels could trigger a gamma squeeze.
leveraged positions are on the rise
over the past 24 hours, we've seen a significant increase in long leveraged positions, especially medium-risk positions utilizing 10x to 20x leverage, indicating aggressive upside bets by short-term traders.
however, leverage overheating is a double-edged sword: rapid price movements can trigger massive liquidations, so risk management is essential. in the last six hours, there was a liquidation of about $6.4 million worth of short positions, which further strengthened the upward momentum.
analyzing risk factors and downside pressure
even amidst the positive sentiment, there are risk factors to watch out for.
north Korean hacker threat
the scope of the North Korean hacker group's hacking has been revealed, raising security concerns. there was also news of a $20 trillion Bitcoin seizure related to Chenji. Cybersecurity risks are an endemic problem in the crypto market, and investors should remain vigilant.
technical resistance
for Bitcoin, $110,000 is acting as a psychological and technical resistance level. a clear break above this level could result in a short-term correction. on an upbeat basis, the $166k to $168k area is acting as a short-term resistance zone.
regulatory uncertainty
The global regulatory landscape remains uncertain, with the EU's ban on Russian-backed stablecoins and the UK FCA's move to tighten regulation. however, the overall regulatory risk is easing as the pro-crypto policy stance of the US becomes clearer.
future outlook and investment strategy
short-term outlook (1 week)
in the short term, we expect the positive trend to continue. depending on the outcome of the Trump-Xi Jinping meeting, further upside momentum could occur, with a breakout above $110,000 opening the door for a rally towards $120,000. on an upbeat basis, a break above $170k is key.
however, we should be prepared for more short-term volatility, as there may be profit-taking after the spike, and support is expected at $105k ($158k upbeat).
medium-term outlook (1-3 months)
in the medium term, increased institutional investment and ETF approvals are key variables. with Solana and other altcoins likely to be approved for ETFs, the altcoin season could be in full swing.
long-term outlook (6 months to 1 year)
in the long term, accelerating institutional adoption and expanding real-world demand will support the market. Some have even predicted $500,000 for Bitcoin, which is based on growing M2 money volumes and inflation hedging demand.
however, a cautious approach is warranted given valuation pressures, regulatory changes, and technological risks (such as quantum computers).
investment strategy suggestions
active investors: The time to buy is now, and we recommend a split-buy strategy. an allocation of 60% Bitcoin, 25% Ethereum, and 15% blue-chip altcoins such as Solana is appropriate.
conservative investors: Consider a split buy near $105k ($158k upbit) to account for a possible short-term correction. it's safer to stay in stablecoins and maintain a 30%+ cash allocation to take advantage of opportunities.
risk management: Minimize the use of leverage and limit your crypto investments to no more than 10-20% of your total assets. set clear stop-loss lines and avoid emotional trading.
closing thoughts: seizing opportunities amidst volatility
as of October 24, 2025, the cryptocurrency market is in the midst of a massive wave of change. positive factors are supporting the market, including the Trump administration's pro-crypto policies, expectations of improved U.S.-China relations, and expanding ETF approvals.
the buy recommendation score is currently at 1.22, which is in the conservative buy zone, but given the previous strong buy signal of 4.14, a short-term correction is likely. Technical indicators such as RSI, MACD, and Bollinger Bands are also sending positive signals across the board, while funding rates and options markets are also indicating a healthy upward structure without overheating.
however, investing should always be done at your own discretion and risk - be fully aware of the high volatility and various risk factors, and invest within your means. the cryptocurrency market moves around the clock and requires constant monitoring and learning.
we wish you success in your investments!