Bitcoin held near the $83,500 level on Oct. 1, moving within a $82,900 to $85,600 range over the past 24 hours and last trading at $83,511, up 0.11%. Ether edged higher to $2,684, a gain of 0.51%, with both assets staying inside the volatile band formed after the previous day’s U.S. PCE data release.
As prices moved sideways, liquidations across the crypto derivatives market rose to $268 million, while sentiment stayed in greed territory. According to BlockTempo, macro support from inflation and labor data remains in place, but Bitcoin has yet to break out of consolidation.
$268 million in liquidations, 76,079 traders wiped out
CoinGlass data showed total liquidations across the market reached $268 million in the past 24 hours. Long liquidations accounted for $134 million, while short liquidations came to $135 million. In total, 76,079 traders were liquidated.
The single largest liquidation took place on HTX in the BTC-USDT pair, with a value of $6.91 million.
PCE cooling and ADP rebound support risk assets
U.S. August core PCE inflation, released on Sept. 30, slowed to 3.0%, while consumer spending rose 0.9% month over month. At the same time, September ADP employment increased by 90,000, beating expectations. The report said those two signals supported risk assets, though they were not enough to push Bitcoin out of its current range.
BlockTempo also said Bitcoin’s correlation with the U.S. dollar index has fallen to 17%, suggesting outside macro variables are exerting less direct influence on price action.
SOL slips, XRP stays nearly flat
Outside Bitcoin and Ether, price moves in other major tokens were limited. SOL traded at $118.03, down 0.72% over 24 hours, with a session high of $122.83 and a low of $117.06. XRP traded at $1.49, down 0.03%, with its 24-hour range between $1.48 and $1.54.
The report said major tokens broadly lack a strong breakout narrative for now, leaving the market waiting for its next catalyst.
Technical signals show BTC and ETH still in consolidation
Using the closed daily candle from Sept. 30 as the reference point, Bitcoin settled at $83,624. Its RSI14 stood at 61.2 and its 20-day simple moving average was $81,327. The close remained above the Bollinger Bands (20,2) midline at $81,327, indicating no immediate break below the short-term moving average cluster.
Bitcoin faces resistance first at the Sept. 30 high of $87,396 and then at the upper Bollinger Band of $88,531. Support levels sit at the 20-day SMA of $81,327, the 50-day SMA of $77,296, and the Sept. 30 low of $74,968. MACD remained in a bearish alignment, and momentum expanded from the previous day, a sign that the consolidation phase has not ended.
Ether closed at $2,686, with RSI14 at 62.3 and the 20-day SMA at $2,611. Its close also stayed above the Bollinger midline at $2,611. Resistance is clustered at the Sept. 30 high of $2,807 and the upper Bollinger Band of $2,834. Support comes in steps at the 20-day SMA of $2,611, the 50-day SMA of $2,436, and the lower Bollinger Band of $2,388. Its MACD was also in bearish alignment, with momentum increasing slightly.
Fear and Greed Index rises to 74
The alternative.me Fear and Greed Index came in at 74, still in greed territory and up 3 points from 71 a day earlier. The indicator has moved within a 70 to 74 band for nearly eight days.
BlockTempo said the index holding firm while prices stay range-bound suggests the market still retains a positive view on potential medium-term catalysts, including ETF flows and the direction of macro data.