Bitcoin Holds $111K as XRP Leads Gains

Bitcoin has maintained stability above $110,000, showcasing resilience following a significant liquidation event. Ether rose 3.5% to $3,970, with BNB and Solana both gaining over 3%, while XRP jumped 4.5%, leading major cryptocurrency gains. Despite the overall cautious market sentiment, where traders are favoring selective exposure, long-term money is starting to re-enter the market. Solana continues to attract institutional interest as a risk sentiment proxy, posting a 5% gain and being one of the few majors to achieve a positive week. While sentiments among traders remain mixed, with fear indicators suggesting low conviction, on-chain activity indicates accumulation among larger holders. October is shaping up to be a challenging month, potentially marking the worst performance for Bitcoin since 2015, yet Bitcoin's strength above $110,000 is seen as a stabilizing factor for market confidence.

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