What happened?
Markets are now pricing a 96.7% chance of a 25-basis-point Fed rate cut later this month, which has traders eyeing a renewed risk-on environment. October has historically been strong for Bitcoin, averaging about 20% gains since 2019, and BTC recently rebounded around $111k with key support near $109.6k. At the same time, public companies now hold roughly 1.02 million BTC (about $117 billion), after a big wave of Q3 accumulation.
Who does this affect?
Crypto traders and investors stand to benefit if a Fed cut boosts liquidity and risk appetite, potentially fueling BTC gains. Institutional holders and public companies that added Bitcoin to their treasuries are directly impacted, as their balance-sheet positions can drive market moves. Traders using technical setups (watching $109.6k support and $112.7k–$113k resistance) and projects building on Bitcoin liquidity could also see increased activity.
Why does this matter?
If the Fed eases, cheaper borrowing and more liquidity could push capital into risk assets, making a late-month Bitcoin breakout above $110k and toward $120k more likely. Growing corporate and institutional Bitcoin holdings create a stronger structural bid that can amplify rallies and tighten available supply. A confirmed technical breakout would likely attract more fund and retail inflows, raising upside volatility and accelerating any bullish move.