Bitcoin News Update: Crypto Investor Secures $17M Profit, Indicating Institutional Optimism Despite Market Fluctuations

The intense selling pressure on Bitcoin has recently eased, and market observers are showing cautious optimism for a possible rebound. After a $19 billion liquidation on Oct. 10 drove

down to its lowest point in four months at $104,000, the cryptocurrency managed a slight recovery this week. Now, traders and analysts are considering whether this pullback could spark a new wave of bullish sentiment. Geoff Kendrick, Standard Chartered's global head of digital assets research, indicated that the recent volatility might present a favorable entry point, projecting Bitcoin could climb to $200,000 by 2025, despite persistent issues such as weak inflows into U.S. spot Bitcoin ETFs, as noted in a .

The robustness of the crypto sector was further demonstrated by the record-breaking $1.05 trillion in decentralized perpetual futures trading volume in October 2025. Hyperliquid and Lighter were at the forefront, handling $316 billion and $259 billion in trading volume for the month, respectively. This growth signals a migration toward on-chain derivatives, fueled by lower transaction costs, ample liquidity, and quicker trade execution compared to centralized platforms. Experts link this surge to Bitcoin's volatility, which surpassed 45%, and the growing stablecoin liquidity, which has reached over $1.25 trillion so far this year, according to a

.

One standout example of market strength comes from a trader known as "0xc2a," who earned $17 million by anticipating a rebound in Bitcoin and Ethereum. This trader built up long positions ahead of the Oct. 10 downturn and benefited from a 4% recovery in BTC and a 2% rise in ETH. With a flawless win record and nearly $300 million in long holdings, 0xc2a's performance is being watched as a gauge of institutional sentiment during October’s typically bullish yet volatile "Uptober" period, as reported by a

.

Technical signals also point to possible stabilization for Bitcoin. The asset has been consolidating above $111,000, with important support at $108,000 and $112,000. If Bitcoin can maintain a move above $112,000, it may aim for $117,000, while a drop below $106,000 could indicate more downside. Additionally, the Bitcoin NVT Golden Cross—which measures valuation against network activity—suggests the bull run may still have room to continue, as highlighted in a

.

Regulatory and broader economic developments remain influential. President Donald Trump's selection of SEC attorney Mike Selig to head the CFTC, along with his proposal for a 100% tariff on Chinese goods, has added new uncertainties. Nevertheless, SpaceX’s recent $133 million Bitcoin transaction and Tether’s forecast of $15 billion in profits for 2025 underscore ongoing institutional faith in digital assets, according to a

.