TechFlow news, October 24 — Matrixport released its weekly report stating that Bitcoin has recently shifted from an uptrend to consolidation, with prices trading below the 21-week moving average for two consecutive weeks and on-chain liquidity slowing down. Although the macro environment remains relatively favorable, multiple technical and structural indicators suggest weakening short-term momentum. The flash crash on October 11 further exposed market fragility, triggering massive liquidations, with Binance's insurance fund recording its largest single-day drawdown in history. A stronger dollar, declining bond yields, and weakening employment data are creating a reinforcing effect; before confidence recovers, risk assets are likely to remain range-bound.
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