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#BTC是否会突破12万 #BitcoinMarketAnalysis
October 29, 2025 – Bitcoin Pulls Back to $111,000, Whales Short Ethereum
The cryptocurrency market has faced widespread selling pressure in the last 24 hours, with most coins experiencing deep losses. Market leaders were also affected by this decline: Bitcoin (BTC) lost 1.69%, pushing its price back to the $111,000 range, while Ethereum (ETH) experienced a steeper decline, losing 3.71% and falling below the critical psychological threshold of $4,000.
Looking at the overall picture, the downward trend also extended to the major altcoin segments. Decentralized Finance (DeFi) lost 2.14%, Layer 1 projects lost 3.02%, and Layer 2 projects lost 4.30%. However, despite this negative trend prevailing in the overall market, the SocialFi sector saw a positive outlook. The sector saw a modest 0.4% gain, led by a 1.39% surge in Toncoin (TON).
Meme tokens also bucked the trend during the bearish environment. MemeCore (M) saw significant gains of 4.6% and OFFICIAL TRUMP (TRUMP) saw significant gains of 20%. This suggests that speculative interest in specific tokens remains despite the overall market weakness.
This weakness in the market structure is also supported by on-chain data. A seasoned whale, who previously profited $8.3 million during the October 11th crash, has once again attracted attention. This large investor has reinforced his bearish outlook by opening fresh short positions on Ethereum. This whale's move is being interpreted as a strong signal that downward pressure on the market is increasing again.