Quick Breakdown
- CoinEx Global says Bitcoin shows recovery signs after the 1011 crash, supported by strong on-chain data.
- New inflows near $108K and reduced leverage hint at market stabilization.
- Analysts note resistance at $118K but see potential for Bitcoin to retest its $126K high.
The cryptocurrency market is showing renewed strength following the 1011 crash, according to a new report from CoinEx Global. The exchange noted that while the flash crash briefly disrupted Bitcoin’s rally, on-chain data and macroeconomic factors now point toward a potential rebound, with the leading cryptocurrency maintaining support above the $100,000 level.
— CoinEx Global (@coinexcom) October 23, 2025
Political and economic shifts boost market outlook
CoinEx’s analysis highlighted that the re-enactment of the TACO policy by U.S. President Donald Trump has helped ease U.S.-China trade tensions, creating a more favorable backdrop for risk assets, including Bitcoin. Meanwhile, the election of Sanae as Japan’s new Prime Minister has introduced a fresh round of monetary easing measures inspired by Abenomics—policies that could stimulate global liquidity and support digital asset markets.
These developments have lifted investor confidence, contributing to improved sentiment after weeks of volatility. Despite short-term pullbacks, CoinEx said Bitcoin’s ability to maintain higher lows compared to previous market dips reflects the resilience of the ongoing bull trend.
On-Chain data shows market reset and fresh capital inflows
CoinEx’s report also pointed to significant changes in Bitcoin’s on-chain metrics. Open interest leverage in futures markets has declined sharply, signaling reduced speculative pressure and a healthier market foundation. Additionally, the percentage of Bitcoin supply in profit fell from 98% to around 78%, a correction that historically precedes renewed rallies.
Notably, fresh capital inflows have emerged around the $108,000 price level, with investors accumulating Bitcoin in large volumes during the downturn. CoinEx concluded that while resistance remains near $118,000, continued buying activity and positive macro conditions could position Bitcoin for a potential retest of its $126,000 all-time high.
Further reinforcing the bullish outlook, CryptoQuant data shows a sharp drop in BTC inflows to Binance, suggesting reduced selling pressure and growing confidence among long-term holders. According to on-chain data, Binance’s Bitcoin Netflow has remained strongly negative over recent weeks when measured by the 30-day moving average (SMA30).
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