CryptoQuant data shows no extreme $BTC miner outflows since August 21, suggesting that selling pressure from miners has eased.
At the same time, miners have shifted from being extremely underpaid to fairly paid, reducing the pressure to sell BTC to cover costs.
Less selling pressure means the market has less supply to absorb, potentially supporting a price recovery.
The next thing to watch is whether fresh buying demand can sustain the momentum.
🕐 Market Hours Update | October 2026
Holidays in China, Canada and Hong Kong mean adjusted hours for selected indices:
🇨🇳 01.10 (today), National Day: HK-HSI, CHINAH closed
🇨🇦 12.10, Thanksgiving: CAN60 closed
🇭🇰 19.10, Chung Yeung: HK-HSI, CHINAH closed
Normal hours resume the next day. Crypto trades as usual.
Full schedule 👉 https://t.co/AEyA1hJ4zc
🔥 #PrimeXBT Market Insights:
What’s next for AUDUSD?
#AUDUSD trades below 0.70 at a multi-month low despite this central bank's fourth rate hike this year.
🇦🇺 The RBA raised its cash rate by 25 basis points to 4.60%, amid inflationary pressures and higher energy prices.
The move was priced in, with investors focusing on the outlook for further tightening.
👀 The market is pricing in a 56% chance of another hike in November.
🇺🇸 The USD is at a two-month high, on track to advance 1.8% this month, its best performance since June.
U.S. core PCE and the non-farm payroll data this week could further drive Fed rate-hike expectations.
📊 AUD/USD’s recovery from the 200 SMA ran into resistance at 0.7230 before reversing lower.
The only reason solana:EHpaxqVVjyyPt2cjfft5SqTkfaEjCF7RUCaFxCrZpump keeps coming back to life is because Biketyeson has refused to give up too.
Hopefully they'll both surprise us one day 😂