• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
Bitcoin Could Start 2017 Style Bull Market

Bitcoin Bottom Has Passed, Delphi Digital Says

Christine Vasileva
by Christine Vasileva
5 years ago
·
Posted in Bitcoin, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) saw a boost to its volumes in October, especially during the last volatile week of the month. Delphi Digital suggests more active trading may suggest the market bottom is already behind us.


Bitcoin Found Bottom Above $7,400

BTC managed to bounce off a monthly low under $7,500, recovering to above $9,000. The leading coin avoided the most extreme scenarios of dropping to the $6,000 range, but also failed to rally to widely anticipated $16,000 level.

In its latest ‘Bitcoin Outlook’ report, Delphi Digital has warned that the changed sentiment and heightened activity did not guarantee a permanent recovery of sentiment. A further slide and stagnation of volumes could spell a return to a new period of falling prices.

Bitcoin volumes expanded from a regular daily activity of $15 billion to above $32 billion during the month’s peak rally. The volumes were fed by inflows of Tether (USDT) to exchanges, and skeptics saw the markets reawakening as a one-off event sparked by whales.

Distinct Trading Periods

Over the course of 2019, BTC saw several distinct periods, noted Delphi Digital. From January to April, almost no action happened and volumes froze up, returning to as low as $5 billion in 24 hours. From April onward, volumes and prices moved upward. June and July saw the price peak on record volumes, followed by a slide and a steep sell-off at the end of September.

After a brief accumulation phase, Bitcoin now looks like it has found a bottom.

The report reveals that flows to exchanges in October were the smallest since October. Strong exchange flows suggest either profit-taking, or panic-selling, as in September, when BTC sank to the $8,000 range. The slower move of funds to leading markets suggests the selling pressures abated in October.

The yearly development until October 2019 also relied heavily on BitMEX activity. Open interest broke above $1 billion on June 26 for the first time in history, and since then, accumulation of $1 billion in open interest led to a shift in direction and liquidations.

Interest in BTC was also in the domain of professional and large-scale experienced investors. Indicators like Google searches or new account registrations showed retail interest for BTC was slowing. At the same time, “whales” appeared with the capability of affecting markets significantly. Altcoins failed to create additional optimism, as the April and May rally did not transform into a fully fledged altcoin season.

What do you think about BTC performance in the year to date? Share your thoughts in the comments section below!


Images via Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christine Vasileva

Christine Vasileva

Follow

Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance.

Full Profile

Related Posts

Bitcoin

Bitcoin Meets Rock ‘N Roll: Decoding Michael Saylor’s “Don’t Stop Believin’” Tweet

2 hours ago
Cena Bitcoinu po prepade o 20 000 $ opäť rastie. Aká je predikcia do konca roka 2025?

Cena Bitcoinu po prepade o 20 000 $ opäť rastie. Aká je predikcia do konca roka 2025?

2 hours ago
Обвал крипторынка

Крипторынок умер? Что произошло в выходные

23 minutes ago
bitcoin-price-crash-funds-shift-to-layer2-bitcoin-hyper-presale-23m-tw

比特幣價格暴跌引資金轉向Layer 2幣避險:Bitcoin Hyper預售突破2,300萬美元

12 hours ago
binance-stablecoin-crash-live-update-october-13-2025-tw

幣安即時新聞:穩定幣暴跌動態更新(10月13日)

13 hours ago
Bitcoin

Bitcoin Tariff-Driven Market Crash May Not Be The Real Bottom — Analyst

23 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Bitcoin Hyper ระดมทุนพุ่ง 23...

    5 hours ago
  • Magacoin Finance: Learn Why Traders are Snapping Up the First and Only MAGA-Themed Cryptocurrency.

    Magacoin Finance: Learn Why Traders are Snapping Up the...

    5 hours ago
  • BNB

    ChatGPT предвижда BNB да достигне $2,500...

    3 days ago
  • Maxi Doge นักสู้เหรียญมีมยืนโพสท่าในสังเวียนมวย

    Binance-Peg DOGE นำโด่ง Top 11...

    4 days ago
  • Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s $22M Presale—Plus, Our $HYPER Price Prediction.

    Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s...

    4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.