Crypto Market Evening Report — 28 October 2025
By News Network India · Published 8:30 PM IST · Global Markets
Summary: The global crypto market spent Monday evening in tight ranges as Bitcoin hovered around $114 K and Ethereum held steady above $4,100. Traders kept positions light ahead of the U.S. Federal Reserve decision this week, while institutional interest remained solid. Overall sentiment is neutral-positive with volatility compression signalling a major breakout in coming sessions.
🌍 Global Market Overview
As of 28 Oct 2025 (20:00 IST), total crypto market capitalization stood at $3.89 trillion. While daily turnover declined slightly by 1.2%, the liquidity ratio remains healthy. Bitcoin dominance increased to 52.1%, indicating capital rotation back into large-cap assets. The Fear & Greed Index slipped to 69 from 74 — still in the ‘Greed’ zone but reflecting short-term profit booking.
₿ Bitcoin (BTC)
Bitcoin traded between $113,700 and $114,900 throughout the day, closing with a minor -0.6 % change. Futures open interest increased by 3.1 % to $29.8 billion, suggesting institutional hedging before macro events. Spot ETF inflows remained positive for the 12th consecutive session.
| Metric | Value | Direction |
|---|---|---|
| Price | $114,250 | ↔ Stable |
| 24 h Change | -0.6 % | Bearish slight |
| Market Cap | $2.2 Trillion | ↔ |
| Dominance | 52.1 % | ▲ |
Technical setup shows price holding above the 20-day EMA ($112 K). The RSI at 58 suggests mid-trend strength. A break above $115 K could trigger momentum toward $120 K, while failure to defend $112 K might see a dip to $108 K. Whale addresses (>1 000 BTC) have increased by 0.4 % over the past week, signalling accumulation.
Ξ Ethereum (ETH)
Ethereum showed controlled retracement, down 0.8 % at $4,110. The ETH/BTC pair fell slightly as Bitcoin dominance rose. Despite that, network activity remains robust with average gas fees below 30 gwei — a three-month low. The Layer-2 TVL (Optimism, Arbitrum, Base) crossed $37 B as DeFi usage stays healthy.
“Ethereum continues to outperform infrastructure metrics, even during sideways price action,” says CoinMetrics analyst Julia Meyers. “Developers keep building, and that is a bullish long-term signal.”
🚀 Altcoins and Layer 1s
Among the top performers was Solana (SOL $203 +1.4 %) which sustains its post-upgrade momentum. Avalanche (AVAX) and Cardano (ADA) followed with modest gains. Memecoins slowed, while AI-related tokens like FET and RNDR outperformed. Analysts expect rotational capital flows from BTC to AI narrative plays if macro remains stable.
Top 10 Altcoins — Performance Snapshot
| Coin | Price (USD) | 24 h Change |
|---|---|---|
| Solana (SOL) | $203 | +1.4 % |
| BNB | $635 | +0.9 % |
| XRP | $2.67 | +1.2 % |
| Cardano (ADA) | $1.17 | +0.5 % |
| Dogecoin (DOGE) | $0.198 | -0.3 % |
| Polkadot (DOT) | $9.45 | +0.2 % |
| Chainlink (LINK) | $23.8 | +0.8 % |
| Fetch AI (FET) | $5.14 | +3.9 % |
| Render (RNDR) | $14.20 | +4.1 % |
| Shiba Inu (SHIB) | $0.000012 | -1.0 % |
🏦 Institutional Flows and Market Depth
On-chain data shows ETF providers continuing to record moderate inflows (~$190 M daily). CME futures open interest hit a new record of $21.6 B, driven by hedging from macro funds. The BTC realized volatility index fell to 36 %, its lowest since June, supporting options selling strategies. Analysts believe the market is forming a ‘volatility base’.
Stablecoin supply rose by 0.5 % week-on-week, reflecting mild risk-on sentiment. However, DeFi borrowing rates remain subdued as traders await clearer macro direction. The coming days may define the quarter’s trend.
💹 Technical Setups to Watch
Major cryptos are compressing within symmetrical triangles on the daily chart. Volume dry-up typically precedes large moves. For BTC, a confirmed close above $115 K would invalidate the short-term bearish pattern. ETH must reclaim $4.25 K for uptrend continuation. Altcoins like SOL and LINK show relative strength, signalling rotational momentum.
💧 DeFi and On-Chain Ecosystem
The decentralized finance (DeFi) segment stayed resilient on 28 October 2025, with total value locked (TVL) reaching $198 billion. Ethereum retained dominance at 59 %, while Solana and Base showed strong weekly inflows. Lending protocols such as Aave v4 and Compound experienced a 3 % jump in borrowing demand as traders leveraged stablecoins to enter staking yields.
- Top 5 Chains by TVL: Ethereum ($117 B), Solana ($26 B), Base ($18 B), Arbitrum ($16 B), and Optimism ($11 B).
- Notable DeFi token movers: AAVE +2.1 %, LDO +1.8 %, MKR +2.5 %, CRV –0.7 %, SNX +3.0 %.
Yield farming strategies remained relatively flat as protocols adjusted rewards to maintain sustainability. Decentralized exchanges like Uniswap v4 and Jupiter recorded combined daily volume of over $8.6 B — a sign that retail traders remain active even in consolidation phases.
“DeFi participation is broadening beyond Ethereum,” explains research firm Glassnode. “Cross-chain bridges and restaking ecosystems are enabling deeper capital efficiency.”
🌐 Global Macro Outlook
Macroeconomic sentiment continues to shape crypto pricing. The U.S. Federal Reserve’s upcoming FOMC statement has kept both traditional and digital markets subdued. Treasury yields ticked lower, while the dollar index (DXY 101.3) weakened — supporting risk assets short-term. Inflation expectations remain moderate, creating potential for dovish commentary.
- U.S. CPI trends cooling → positive for crypto liquidity.
- Asia’s institutional desks increasing ETH & SOL accumulation.
- European ETF inflows stabilizing at $250 M weekly average.
Global stock indices also traded sideways; the NASDAQ closed flat, and Asian markets opened with mixed cues. Historically, crypto volatility increases 24–48 hours post-FOMC decisions, making the current setup a textbook “calm before the storm.”
📊 Technical Outlook: Momentum Indicators
Technical patterns across major coins highlight low volatility and coiling price action. Traders are eyeing breakout confirmations.
| Asset | Support Zone | Resistance Zone | Bias |
|---|---|---|---|
| Bitcoin (BTC) | $111 K – $112 K | $118 K – $120 K | Bullish Bias |
| Ethereum (ETH) | $3.95 K | $4.25 K | Neutral-Bullish |
| Solana (SOL) | $188 | $210 | Strong Momentum |
| XRP | $2.50 | $2.80 | Range-Bound |
RSI values (BTC 59, ETH 56, SOL 63) suggest there’s still room before overbought levels. EMA crossovers on 4-hour charts imply consolidation that could precede an impulsive move once macro catalysts arrive.
🪙 Expert Commentary
Analysts from multiple research desks shared insights on the week’s setup:
- “If BTC closes above $115 K, a run toward $120 K is plausible,” – Bloomberg Crypto Desk.
- “DeFi activity resurgence hints at a second-wave altcoin cycle,” – CoinDesk Research.
- “Stablecoin issuers expanding on Layer-2s could add $5 B liquidity by mid-November,” – Messari Analytics.
📈 Trader Sentiment & Derivatives
Perpetual futures funding rates stayed positive at +0.015 %, reflecting bullish bias. Options implied volatility dropped to 37 %, historically low, hinting at compressed risk. Market-makers note increasing call buying around $120 K BTC strike for November expiry — a sign of expectations for a breakout rally.
📅 Short-Term Outlook & Weekend Scenarios
- Bullish Case: Fed tone remains dovish → BTC targets $118 K – $120 K; ETH rallies to $4.3 K; SOL continues above $210.
- Neutral Case: Macro unchanged → Range $111 K – $115 K BTC, gradual altcoin rotation.
- Bearish Case: Unexpected hawkish remarks → BTC tests $108 K, ETH slips below $3.9 K temporarily.
Most analysts agree the medium-term outlook remains bullish given institutional flows, ETFs growth, and on-chain liquidity improvement. Retail participation is slowly rising as search trends for “buy crypto 2025” hit a five-month high on Google Trends.
📰 Related Reading
❓ FAQs
1. Why is the crypto market flat today?
Investors are waiting for the Federal Reserve decision before taking large positions. Historically, volatility drops ahead of FOMC events then spikes after.
2. Which altcoins look strong for November 2025?
Solana (SOL), Chainlink (LINK), and Render (RNDR) show favorable technicals with sustained on-chain activity and developer traction.
3. How are institutional investors positioned?
They remain net long via ETFs and custody holdings, using derivatives to hedge macro risk while maintaining exposure to blue-chip assets like BTC and ETH.
4. What is the outlook for DeFi in Q4 2025?
DeFi growth is expected to accelerate as cross-chain solutions and restaking protocols enhance capital efficiency across ecosystems.
🧭 Conclusion
The 28 October 2025 evening session marked a pause in momentum but not a reversal. Bitcoin and Ethereum remained technically sound within tight ranges while DeFi and Layer-1 ecosystems showed steady growth. Institutional confidence and macroeconomic tailwinds continue to support the bullish narrative heading into November. Traders should monitor key levels — BTC $112 K support and $115 K breakout zone — to gauge direction in the coming week.
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