Live: Crypto Market Continues Its Decline on Oct. 31

Ethereum faces heavy selling pressure as its price tests the critical $3,800 support level amid $184 million in ETF outflows. Analysts warn that ETH risks further decline unless it reclaims $4,000 soon.

Institutional demand continues to weaken, with major funds like BlackRock’s ETHA leading withdrawals. Market sentiment remains cautious as traders brace for potential volatility following today’s $2.5 billion options expiry.

Bitcoin (BTC) has climbed back to around $110,000. This price growth is supported by improving global risk sentiment after signs of easing tensions between the US and China.

Analysts suggest that the Trump–Xi tariff detente has helped fill the macro void created by the ongoing US data blackout. Such moves have boosted some investor confidence. However, Federal Reserve Chair Jerome Powell’s recent comments have tempered hopes for a December rate cut.

According to the latest market data, $13.5 billion in Bitcoin (BTC) options and another $2.5 billion of Ethereum (ETH) options are set to expire today, on Oct. 31.

More information is available here.

Bitcoin and Ethereum ETFs extended their outflow streak for a second consecutive day.

Bitcoin ETFs saw $488 million in net outflows on Oct. 30. Nearly all issuers reported withdrawals. The largest losses came from BlackRock’s IBIT. It recorded over $290 million in outflows.

Ethereum ETFs posted $184 million in net outflows. While all issuers reported redemptions, only Grayscale’s ETHE remained unchanged. BlackRock’s ETHA led the losses with $118 million in outflows.

In a recent post on X, Coinbase CEO Brian Armstrong announced that the company plans to continue increasing its Bitcoin holdings following a surge in revenue during the third quarter of 2025. Armstrong stated that the exchange is going to long Bitcoin.

It means that this quarter, a notable boost in the company’s BTC reserves can be expected.