OneBullEx Crypto Weekly Recap: Crypto Cools After October’s Heat as Bitcoin Holds the Line at $100K

The crypto market closed the first week of Oct 28 to Nov 3 on a wary note, marked by mild corrections across major assets and a cooling of sentiment after October’s volatile swings. Bitcoin, which had rallied strongly in previous months, posted its first negative October since 2018 dipping around 3.6% and settling just above the $100,000 level. While the pullback caught traders’ attention, analysts largely view it as a healthy consolidation following months of steady gains. The sell-off was primarily driven by large liquidations mid-October, profit-taking by long-term holders, and outflows from Bitcoin ETFs amounting to nearly $800 million. Despite the short-term softness, fundamentals remained intact, with Bitcoin maintaining a strong support zone between $98K and $100K.
 

Ethereum followed a similar trajectory, recording slight declines but showing notable resilience through network activity. In a sign of the ecosystem’s health, Ethereum’s stablecoin transaction volume hit a record $2.8 trillion in October 2025 the highest monthly total ever recorded. This figure underscores that, beyond market speculation, real on-chain utility continues to expand. The surge in stablecoin activity has been interpreted as a shift toward on-chain liquidity preservation and institutional usage rather than a retreat from crypto exposure altogether.
 

Altcoins, however, faced steeper losses. AI-related tokens such as ChainOpera AI and Virtuals Protocol plunged more than 10% as investors rotated out of riskier assets. XRP dropped around 5% during the week amid renewed debates about its long-term utility, and analysts warned it could face deeper corrections if Bitcoin’s range persists. Meme coins and smaller cap tokens saw inconsistent trading volumes, suggesting that retail activity is slowing as traders await clearer direction from Bitcoin’s price action. In contrast, some layer-1 and layer-2 ecosystems, notably Solana and Arbitrum, managed to limit losses thanks to ongoing developer traction and steady protocol revenue.
 

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