The global crypto market advanced 3.0% this October 20, 2025, reaching $3.85 trillion. Despite this, the reasons for the crypto market rise face strong resistance. According to analyst James Check, recent weakness is due to significant profit-taking. Total trading volume climbed to $160 billion, showing renewed interest.
Major digital assets posted mixed movements. Bitcoin (BTC) rose slightly by 0.4% to trade at $110,796. Bitcoin remains stable above the key $110,000 support. Meanwhile, Ethereum (ETH) gained 0.1%, sitting at $4,039. Other assets like XRP (XRP) climbed 0.3% to $2.46. These modest gains contrast with recent data. US spot Bitcoin ETFs saw heavy outflows of $366.6 million. Ethereum ETFs also recorded notable outflows of $232.3 million.
Is This Profit-Taking Bitcoin’s True Ceiling?
The apparent slowness in Bitcoin’s recovery has a clear explanation. Analyst James Check stated in a note that the weakness is not caused by manipulation. The resistance comes from “good old-fashioned sellers.” These are long-term investors who are finally cashing in their profits. This selling volume has been the main source of price resistance. On the Ethereum front, the sentiment is similar. Ray Youssef, CEO of NoOnes, described ETH’s situation as a “cooldown phase.” Youssef noted that Ethereum’s ecosystem remains strong, pointing to TVL growth and institutional accumulation.
Market sentiment has cooled noticeably. The Fear & Greed Index dropped to 30. This indicates a state of “Fear” among investors. Caution prevails as traders digest the third-quarter gains. Furthermore, the crypto market operated in tandem with traditional stocks. The S&P 500 rose 0.53% on Friday. This correlation suggests that blockchain technology remains linked to general macroeconomic conditions.
Analysts are closely watching key technical levels. For Bitcoin, immediate support is near $108,000. If selling pressure eases, BTC could target the $113,500 resistance. Ethereum, on the other hand, is trading in a range. ETH needs to break the $4,100 resistance to confirm the correction is over. If it fails, it could retest the $3,900 support.
